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Tag Archives: China

China’s hot money headache (video)


China’s comfortable level of economic growth and relatively cheap currency are like catnip to speculators, who are likely to funnel yet more hot money into the country, says Breakingviews’ John Foley.   ReutersTV Read More »

China’s Tax Incentives for High-Tech Enterprises


Aug. 8 – While many of China’s key tax incentives dried up with the Corporate Income Tax (CIT) Reform in 2008, the government still offers various tax incentives to promote sectors deemed beneficial to the development of the country’s economy. The technology sector, for instance, is one area that China is keen to promote and, as a result, qualifying enterprises ... Read More »

Dollar hits seven-week low; Chinese data buoys Australian dollar


(Reuters) – The dollar fell to a seven-week low against a basket of currencies on Thursday as recent inconclusive economic data and comments from Federal Reserve policymakers raised doubts over when the U.S. central bank will begin reducing stimulus. Riskier currencies and growth-linked currencies, such as the Australian dollar, notched gains versus the greenback on forecast-beating Chinese trade data, which could indicate ... Read More »

China export rebounds


BEIJING — Surprisingly strong rebounds in China’s exports and imports in July offered some hope that the economy might be stabilizing, government data showed Thursday, after more than two years of slowing growth, although an imminent rebound still looks improbable. Data from the Customs Administration showed exports had risen 5.1 percent in July from the same month last year. Analysts ... Read More »

Copper hit near two-month high on upbeat China import data


in hits near-4-month peak; lead at highest since June * China copper imports up 8.1 pct at 410,680 T * Euro rises against dollar * U.S. weekly jobless claims edge up, but still at low levels By Harpreet Bhal and Eric Onstad LONDON, Aug 8 (Reuters) – Copper hit its highest in almost two months on Thursday as upbeat trade data and ... Read More »

Chinese Banks in the Rebalance

bank of China

A liquidity squeeze in the second half of June is refocusing attention on China’s banks, and not a moment too soon. Much recent discussion has surrounded the broader macroeconomic transformation China needs, away from export- and investment-led growth and toward greater reliance on domestic consumption. But the effect of such a transformation on the country’s financial system remains poorly understood. ... Read More »

IMF still sees China’s growth at 7.75%


Fund (IMF) said on Wednesday China’s economy was on course to grow 7.75% this year — higher than the government’s own 7.5% target and actual growth of 7.6% in the first half of the year. Prospects for the world’s second-largest economy were “clouded by mounting domestic vulnerabilities in the financial, fiscal and real estate sectors”, the IMF said. But the ... Read More »

GlaxoSmithKline finance boss banned from leaving China


A British executive heading the mainland financial operations of GlaxoSmithKline (GSK) has been barred from leaving China as the government ratchets up the pressure on the pharmaceutical sector with a new campaign. Steve Nechelput, who is based in Shanghai, was asked not to leave the country late last month but was not formally detained or arrested, as part of the ... Read More »

China Rising – Episode 3: The Fire Inside


After centuries of Western dominance, the world’s centre of economic and political weight is shifting eastward. In just 30 years, China has risen from long-standing poverty to being the second largest economy in the world — faster than any other country in history. From angry farmers to weary migrant workers, powerful politicians and everyone in between, what China says and ... Read More »

Japan Stocks Slip, But Australia, China Rise


Japanese blue-chip stocks fell Friday, extending losses into a second day after sharp gains earlier in the week, though Chinese and Australian shares inched higher. The moves came as Hong Kong and South Korean markets were closed for holidays, reportedly curbing trading volumes in bourses that were open. Japan’s Nikkei Stock Average moved off opening lows but still traded with ... Read More »