China needs to improve economic data quality: IMF
The International Monetary Fund called Thursday for China to improve its economic data, especially on its growth rate, the subject of continued skepticism about its reliability.
Sep 17, 2015, 23:13 PM IST
Goldman Sachs chief Lloyd Blankfein `would not invest in China`
The chairman of investment banking giant Goldman Sachs has slammed China`s handling of its economy, adding he would not currently invest in the country, the Wall Street Journal reported Thursday.
Sep 17, 2015, 17:00 PM IST
China steps on the gas to spark economy, Aug fiscal spending jumps 26%
China cranked up its fiscal spending by 26 percent in August from a year earlier as Beijing tries to re-energise flagging economic growth and convince reluctant local officials to spend.
Sep 15, 2015, 10:55 AM IST
China economic growth sputters in August, more support measures seen
The downbeat data came on the heels of weak trade and inflation readings, raising the chances that third-quarter economic growth may dip below 7 percent for the first time since the global crisis.
Sep 13, 2015, 16:05 PM IST
China issues state-firm reform plans, expects results by 2020
The guidelines, jointly issued by the Communist Party`s Central Committee and the State Council, China`s cabinet, will help improve corporate governance and asset management, the official Xinhua news agency said.
Sep 13, 2015, 15:55 PM IST
China bank lending falls back in August
China`s bank lending retreated in August, the central bank said Friday, after a sharp rise in July when the government directed funds into the stock market.
Sep 11, 2015, 17:08 PM IST
China deflation fears grow as producer prices sink most in 6 years
The producer price index (PPI) fell 5.9 percent in August from the same period last year, its 42nd consecutive month of decline and the biggest drop since the depths of the global financial crisis in late 2009, data showed on Thursday.
Sep 10, 2015, 08:54 AM IST
China capable of maintaining `high` growth: Li
The Chinese government is capable of maintaining high economic growth, Premier Li Keqiang said on Wednesday, after fears the economy was slowing rocked global financial markets in recent weeks.
Sep 09, 2015, 19:52 PM IST
China announces multiple fiscal policies to boost growth
China Wednesday announced proactive fiscal policies aimed at stabilising growth in the world's second largest economy as it grappled with industrial overcapacity, sluggish demand, struggling exports and a volatile stock market.
Sep 09, 2015, 18:35 PM IST
China plans new push to reform state firms: Reports
China is preparing to unveil broad reforms for state-owned companies which will see some firms shut and others introduce more diversified ownership, according to media reports, in moves one analyst called a "game-changer".
Sep 09, 2015, 18:27 PM IST
Chinese premier seeks to quell global markets' China fears
China has fended off the major risks to its financial system while its economic prospects remain positive, Premier Li Keqiang said on Wednesday, as he tried to reassure global markets that Beijing can keep its economy on track and stock markets in check.
Sep 09, 2015, 17:30 PM IST
China to step up fiscal incentives to boost growth
China will adopt "stronger" fiscal policies to support growth, Beijing said as it seeks to sooth increasing fears about the world`s second-largest economy following turmoil in domestic and overseas markets.
Sep 09, 2015, 16:39 PM IST
China August exports fall 5.5%, better than forecasts, but imports disappoint
That left the country with a trade surplus of $60.24 billion for the month, the General Administration of Customs said on Tuesday, compared with forecasts of $48.20 billion.
Sep 08, 2015, 08:42 AM IST
Diamond cuts: India's global hub fears more job losses as China slows
This year, there`s no sign of a repeat bonanza in a city that by some estimates polishes about 80 percent of the world`s diamonds.
Sep 08, 2015, 08:12 AM IST
China announces policies to boost financial leasing
The Chinese government on Monday rolled out measures on financial leasing following a top-level meeting chaired by Chinese Premier Li Keqiang in August that resulted in the decision to boost the sector to help cash-strapped firms.
Sep 07, 2015, 20:43 PM IST
China FX reserves fall record $93.9 bn in Aug as central bank supports yuan
A large portion of China`s reserves are held in U.S. Treasuries. Last week, traders suspected China of selling Treasuries.
Sep 07, 2015, 15:09 PM IST
China policymakers try to calm investors as stocks resume trading
Looking to draw a line under wild gyrations in Chinese equity markets, which have fallen 40 percent since mid-June, China`s securities regulator said it would take more steps to ensure stable markets, while government officials said the worst of the volatility was over.
Sep 07, 2015, 11:06 AM IST
Yuan weakens despite firmer midpoint, less intervention seen
"Dollar sales by state-owned banks on behalf of the central bank eased today," said a dealer at a European bank in Shanghai.
Sep 07, 2015, 09:52 AM IST
China cuts 2014 GDP growth from 7.4% to 7.3%: Govt
The National Bureau of Statistics said on its website it lowered the figure from the 7.4 percent announced in January after a "preliminary confirmation".
Sep 07, 2015, 08:13 AM IST
China emphasizes stability at G20, fiscal spending quickens
China is headed for its slowest economic expansion in 25 years in 2015 and mainland markets have slumped 40 percent since mid-June, sending global financial markets skittering.
Sep 06, 2015, 09:56 AM IST
