China factory sector shrinks most in 32 months

2011-11-23T14:30:17Z

BEIJING (Reuters) - China's factory sector shrank the most in 32 months in November on signs of domestic economic weakness, a preliminary PMI survey showed, reviving worries that China may be slipping toward a hard landing and fuelling fears of a global recession.

The steep fall in the China's manufacturing activity slumped to its lowest level in 32 months in November, banking giant HSBC said Wednesday, renewing fears the Asian powerhouse is losing steam amid global economic woes.

The news comes just days after Vice Premier Wang Qishan, China's top finance official, gave a dire warning that ...

China minister warns EU debt crisis could turn 'chronic'

2010-12-24T04:30:11Z

China's commerce minister has warned that measures being taken in Europe to fix the sovereign debt crisis are "turning an acute disease into a chronic one", state media said Friday.

The comments from Chen Deming come after China said this week it supported measures taken by the

Euro heads higher against dollar

2010-12-23T09:30:35Z

The euro, which was slammed this year by the eurozone debt crisis, edged higher against the dollar on Thursday in muted pre-Christmas trade, as dealers digested a fresh message of support from China.

In morning deals, the European single currency rose slightly to 1.3102 dollars, compared with 1.3095 late in New York on Wednes...

China pledges support to eurozone countries

2010-12-23T07:30:18Z

China on Thursday pledged its backing to eurozone countries amid an ongoing debt crisis and said Europe would be a "major market" for investment of Beijing's massive foreign exchange reserves.

"We are ready to support the eurozone countries to overcome the financial crisis and realise economic recovery,...

World stocks slide on China growth fears

2010-10-20T06:31:03Z

In Europe, Britain's government is to unveil the harshest cuts for decades in a sweeping review of public spending expected to trigger half a million job losses as it tackles a record deficit.

In France, attention was focused on continuing strike action and disruptions in protests against a pension...

Obama, Wen meet, stress cooperation

2010-09-23T11:15:40Z

President Barack Obama and Chinese Premier Wen Jiabao met Thursday amid rising tensions over Beijing's currency policy and as China is locked in a maritime showdown with key US ally Japan.<...

Global economy gradually recovering: China's Li

2010-09-12T20:30:05Z

BEIJING (Reuters) - The global economy is gradually emerging from crisis but needs more-open markets and less trade friction, Chinese Vice-Premier Li Keqiang said on Monday.

Li was speaking at an event to mark the 30th anniversary of China's...

WEEKLY WATCH

2010-11-02T15:44:15Z

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Look after the economic crisis in 2010, the Beijing Times Furniture - Furniture, wood furniture - household goods industry

2010-10-22T12:32:17Z

International Furniture And Woodworking Machinery Exhibition (Time: July 2010 -4 days) (referred to as: Beijing Furniture Development) from Beijing China and Hong Kong Exhibition Co., Ltd., Beijing Furniture Trade Association co-sponsored. Since the beginning of the show started, we uphold the revitalization of the grand goal of the Chinese furniture industry, after years of carefully orchestrated, now in northern China has become the biggest and most influential professional trade fair of furni...

Perspective: Financial Crisis 09 New Growth Points, Building Materials Market

2010-09-08T18:48:18Z

By the U.S. subprime mortgage crisis triggered the economic crisis has spread around the world, while China, the rising China, relatively speaking, has become a haven for the global economy. When the U.S. Congress House of Representatives, the Senate is still heated debate or not to save money or time of economic crisis, the Chinese government has been spending huge sums to promote the new round of economic growth. According to industry told reporters the Chinese domestic industry feel the press...

Big Three U.S. Credit Firms Tell Clients Not to Use Their Ratings?

2010-11-02T12:09:17Z

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Gloomy Outlook

2010-11-02T15:23:20Z

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Steel Price Going Down

2010-11-02T15:20:23Z

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Sinosteel Goes Australian

2010-11-02T15:20:23Z

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Confidence Counts

2010-11-02T15:19:50Z

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China May inflation rises, industrial growth slows

2010-09-15T14:46:53Z

China's May inflation rises amid signs rapid rebound from global downturn is slowing

China's inflation rose in May amid signs its rapid rebound from the global slump is slowing, adding to pressure on Beijing to control politically sensitive food prices and keep growth on track.

Consumer prices rose 3.1 percent from a year earlier, up from April's 2.8 percent rate, the

Geithner says China yuan rise a global issue

2010-05-19T08:15:13Z

WASHINGTON (Reuters) - Persuading Beijing to let its yuan currency rise in value is not simply an issue for the United States but one that should interest the whole world, Treasury Secretary Timothy Geithner said on Wednesday.

"When they began this pro...

Greek's debt troubles raise contagion worries

2010-09-22T13:39:31Z

Greece's debt troubles send worries through global economy about contagion threats

The Greek debt crisis sent a shudder through global financial markets and served as a dramatic reminder of how vulnerable the world economy remains to the threat of a fast-spreading financial panic.

To many, market developments this week served as a spooky reminder of the fall of 2008 and the panic that spread worldwide after

Hainan: Where Home Prices Jumped 33% in 5 Weeks

2010-10-25T05:29:36Z

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European stocks drop as Britain limps back to growth

2010-09-22T13:51:29Z

Europe's main stock markets fell on Tuesday as official data showed that Britain only just escaped recession in the fourth quarter of 2009, and amid fresh worries about China's economy, analysts said.

London's benchmark FTSE 100 index of leading shares slid 0.55 percent to 5,231....

China speeds up resettlement in water mega-scheme

2010-04-16T08:03:33Z

BEIJING (Reuters) - China will use stimulus spending to speed up shifting 330,000 people slated to be displaced for a vast water transfer project, accelerating work on the troubled scheme, an official newspaper said on Tuesday.

The displaced residents, mostly poor farmers in central China's National Bureau of Statistics showed.

It was the sixt...

'Pacific' President Obama vows full US role in Asia

2010-04-16T09:10:10Z

Billing himself America's first "Pacific president", Barack Obama said the United States did not seek to "contain" China and promised a full US role in charting Asia's future.

In a major speech on the second day of his debut tour of the region, Obama repeatedly challenged regional leaders ...

China's Wen reiterates loose policy stance

2010-04-16T09:13:36Z

BEIJING (Reuters) - China will stick to its active fiscal policy and loose monetary measures even though its economic recovery is now on more solid footing, Premier Wen Jiabao said on Thursday.

Wen's comments are the latest reiteration of Beijing's accommodative policy stance, an...

U.S. Inflation Becoming a Real Issue for Foreign Investors

2010-10-22T07:29:53Z

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How to navigate the liquidity crunch

2010-10-22T12:11:41Z

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Aiding Exporters

2010-10-22T12:10:16Z

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Optimism Remains

2010-10-22T12:09:48Z

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Amid the global economic crisis, China rises

2010-10-22T10:36:14Z

Global economic crisis accelerates China's ascent, but what role will it play?

The auto-parts maker Delphi Corp. is headquartered in Troy, Mich., in the heart of the region that made the United States the car capital of the world. It's a ...

Global economic rebound 'not solid': Chinese president Hu

2010-04-16T10:08:18Z

Chinese President Hu Jintao said Friday the global economic recovery from the worst financial crisis in decades was not solid yet, calling for stepped-up efforts by developed and emerging economies.

Although financial markets were moving towards stability, "we are soberly aware, however, that the foundation of an economic rebound is not yet solid, with many uncertainties remaining," Hu told his counterparts at the Group of 20 summit...

Economic crisis forces China sex toy maker home

2010-04-16T10:46:41Z

BEIJING (Reuters Life!) - When the global economic crisis began diminishing demand at Chinese sex toy maker Sweet Secrets, owner Chen Xiangru knew where she should go instead -- the long-repressed domestic market.

Sweet Secrets, one of the newest residents of China's largest ...

Tens of thousands march for democracy in Hong Kong

2010-04-16T11:33:19Z

Tens of thousands of people took to the sweltering streets of Hong Kong on Wednesday for an annual pro-democracy march, as the city marked the 12th anniversary of its return to China.

The huge crowd, estimated by organisers at 76,000, snaked through the city to demand the early introduction of universal suffrage and also to express frustration at the government on a whole gamut of issues, in...

Tens of thousands to march for Hong Kong democracy

2010-04-16T11:33:35Z

Tens of thousands of people were expected to take to the streets of Hong Kong for an annual pro-democracy march, as the city marked the 12th anniversary of its return to China.

Organisers hope that turnout could rival the 500,000 seen in 2003, thanks to a combination of dissatisfaction with the government's response to the economic slowdown, surging unemployment and delayed moves towards uni...

Geithner In Beijing

2010-10-21T10:00:29Z

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EU and China rebuild ties, seek "new global order"

2010-10-22T13:02:59Z

PRAGUE (Reuters) - The European Union and China hope to relaunch their political and economic relations at a summit on Wednesday and create a "new global order" to combat the financial crisis, dwindling world trade and climate change.

The last scheduled EU-China summit was ...

US firms in China expect benefits in Beijing stimulus

2010-04-16T13:34:23Z

Two thirds of American companies operating in China expect to benefit from a huge stimulus package unveiled by Beijing to counter the global crisis, a US business association said Monday.

The figure was one of the findings in a 2009 report on the state of US business released by the AP Executive Morning Briefing

The top business news from The Associated Press for the morning of Friday, March 13, 2009:

China 'worried' about US Treasury holdings

BEIJING (AP) — China's premi...

Premier says China ready with new stimulus

2010-09-15T14:33:14Z

Premier says China ready to expand stimulus, voices worry about holdings of US Treasuries

China is ready to expand its stimulus if the impact of the global slowdown worsens, its top economic official said Friday, and he appealed to Washington to safeguard the value of Beijing's U.S. assets.

"We already have our...

Tensions as China's annual parliament season begins

2010-04-16T16:15:13Z

China's annual parliamentary season was to open in Beijing Tuesday under tight security with lawmakers focused on easing social pressures amid the global economic crisis and tensions over Tibet.

China's ruling Communist Party has made it clear that it wants to use this year's gatherings to showcase its ability to fend off the worst impacts of the downtur...

Mood not bullish as China greets Year of the Ox

2010-04-16T17:22:44Z

China gave the Lunar New Year a raucous welcome Monday with parties, feasts and thousands of tonnes of firecrackers, but the mood was far from bullish as the nation ushered in the Year of the Ox.

A barrage of fireworks across the capital Beijing reached its deafening peak at midnight and lit up the city into the early morning as revellers ushered in the most important holiday in the Chinese cale...

Global crisis dampens China New Year celebrations

2010-04-16T17:23:00Z

Tens of millions of people across China were set to usher in the Lunar New Year Sunday with fireworks and big family reunions, but the global economic crisis put a dampener on celebrations.

Railways and planes worked full tilt over the weekend as people made last-minute dashes home to welcome the Year of the Ox, which begins on Monday.

A record 188 million people were expected to travel by train and another 24 million to fly over the ...

Global crisis dampens Chinese New Year celebrations

2010-04-16T15:11:34Z

Tens of millions of people across China were on Sunday preparing to usher in the Lunar New Year with fireworks and big family reunions, but the global economic crisis put a dampener on celebrations.

Railways and planes worked full tilt over the weekend as people made last minute dashes home to welcome the Year of the Ox, which begins on Monday.

A record 188 million people were expected to travel by train and another 24 million to fly ...

Economic gloom dampens China's Lunar New Year celebrations

2010-04-16T15:11:34Z

Tens of millions of people across China prepared to usher in the Lunar New Year Sunday with fireworks and big family reunions, but the global economic crisis put a dampener on celebrations.

Railways and planes worked full tilt over the weekend as people made last minute dashes home to welcome the Year of the Ox, which begins on Monday.

A record 188 million people were expected to travel by train and another 24 million to fly over the ...

China announces aid package to assist poor: state media

2010-04-16T15:23:41Z

China is planning an aid package totalling nine billion yuan (1.32 billion US dollars) for those worst affected by the global economic crisis, state media reported Saturday.

Around 74 million people worst affected by the economic downturn will receive one-off payments of 100 yuan for those living in the countryside and 150 yuan for those living in urban areas.

The payments will...

Job cuts, bankruptcy fears mount around the globe

2010-10-22T13:10:54Z

Job cuts, bankruptcy fears and faltering Chinese exports provided fresh evidence of a deep and painful recession on Wednesday as dismal economic news mounted around the globe.

In Beijing, official data showed that exports from China fell for the first time in seven years in November as the spreading global economic crisis caught up with the Asian powerhouse.

Elsewhere,

UPDATE 2-China wholesale inflation slumps; flags deflation risk

2010-10-21T09:46:34Z

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Chinese leader says China losing competitive edge

2010-04-16T14:04:19Z

Chinese president says China losing competitive edge as financial turmoil dampens demand

Chinese President Hu Jintao warned that China has started to lose its competitive edge in trade amid the global financial crisis, as he told Communist Party leaders the challenge posed a test to the government's ability to rule, state media reported.

China's economic growth is exp...

China: Protecting domestic economy is top priority

2010-10-22T13:17:14Z

China: Healthy domestic economy will help stabilize international financial situation

Preparing for a Washington summit to discuss a response to the global financial crisis, China indicated Tuesday its focus will be its own economy — not paying to bail out others.

Officials have yet to say what Presid...

China's new reality: Economic boom is slowing

2010-04-16T14:31:05Z

End of the go-go days: Realities of recession set in as China's boom loses steam

Job cuts, factory closures, unpaid export shipments — stalling worldwide demand for products made-in-China is driving home a new economic reality for businesses that until recently were struggling to keep up with soaring exports.

China's economy is still growing at an enviable rate: It expanded 9 percent in the quarter through September....

China says it can withstand world financial crisis

2010-10-13T14:21:45Z

China says it can withstand financial crisis; offers assistance to Central Asian neighbors

China said Thursday its financial markets would remain stable enough to allow it help ex-Soviet Central Asian countries weather the global economic crisis — assistance that would augment Beijing's increasing influence in the region.

Asia Europe Meeting (ASEM), which wound up in Beijing on Saturday, showed that economic power has shifted from the West to the East, said Foreign Secretary David Miliband.

In the Chinese capital, leaders called for an overhaul of the world's financial mechanisms and discussed climate change and energy security....

Beijing Bust?

2010-10-21T09:43:23Z

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World's Next Great Cities

2010-10-21T09:43:24Z

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How Susceptible is China to the Global Crisis?

2010-10-21T09:05:32Z

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China Coupon Generation

2011-01-02T16:31:05Z

In this Nov. 24, 2010 photo, Ding Can, 32, holds up VIP discount cards and coupons she carries in her purse in Beijing, China. More than a craze, discount shopping is becoming a way of life for young Chinese. Known as the "coupon generation," they are changing the way business is done in the world's second largest economy. (AP Photo/Alexander F. Yuan)

China New Year

2010-12-31T21:01:16Z

Chinese people strike the Yongle Bell at a temple to celebrate the New Year, in Beijing, China, Saturday, Jan. 1, 2011. Chinese people believe striking the bell at the beginning of the New Year will bring them best wishes. (AP Photo/Andy Wong)

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Global Christmas

2010-12-24T15:01:15Z

A girl gestures to ask a boy to keep silent during a Christmas Eve Mass at the official Catholic church South Cathedral in Beijing, China, Friday, Dec. 24, 2010. (AP Photo/Alexander F. Yuan)

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China Koreas Clash

2010-12-23T10:31:44Z

U.S. New Mexico Gov. Bill Richardson gives comments on his North Korean trip after his arrival from Pyongyang at the Capital Airport in Beijing, China, Tuesday, Dec. 21, 2010. (AP Photo/Alexander F. Yuan)

Beijing, China, Thursday, Dec. 23, 2010. China's capital announced Thursday that it will sharply limit new vehicle registrations to try to ease massive traffic jams that are rapidly turning Beijing's streets into parking lots. (AP Photo/Alexander F. Yuan)

The latest in Beijing

China workshops struggle, but tougher times ahead