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Economy of China News

28 Jun 2015

China's top auditor warns of local government debt risk

Debt swaps, which allow local governments to convert their debt to low interest bonds, should also be carried out effectively and sensibly, Lou said, easing the debt burden without disrupting the broader economy.

Shanghai stocks

19 Jun 2015

Shanghai stocks plunge 6.42% by close

The benchmark Shanghai Composite Index dived 6.42 percent, or 307.00 points, to 4,478.36 on turnover of 685.5 billion yuan ($112.2 billion). The index lost 13.32 percent over the week.

Hong Kong stocks

16 Jun 2015

Hong Kong stocks end 1.10% lower

The benchmark Hang Seng Index lost 295.11 points to close at 26,566.70 on turnover of HK$123.15 billion (US$15.89 billion).

16 Jun 2015

China shares fell more than 3% in afternoon trading

The benchmark Shanghai Composite Index slid 3.26 percent, or 164.87 points, to 4,898.12.

Hong Kong stocks

12 Jun 2015

Hong Kong stocks end 1.39% higher

In mainland China the benchmark Shanghai Composite Index added 0.87 percent, or 44.76 points, to 5,166.35 on turnover of 1.1 trillion yuan ($179.8 billion). The market gained 2.85 percent over the week.

Economy of China

11 Jun 2015

China's economy shows little improvement in May, investment growth sinks to 15-year low

Economists at the central bank said this week they expect growth to pick up modestly in the next six months as previous policy easing measures start to take effect and the housing market stabilises.

Economy of China

11 Jun 2015

Record yuan strength hurts Chinese exports, immediate let-up unlikely

China`s exports in the first five months rose 0.7 percent from a year earlier, far from the government`s target of 6 percent this year. Exports to Europe and Japan fell 6.9 percent and 8.1 percent, respectively, and shipments to Southeast Asia were flat.

China's industrial output

11 Jun 2015

China May industrial output up 6.1% on-year: Government

Industrial output, which measures output at factories, workshops and mines, rose 6.1 percent year-on-year in May, the National Bureau of Statistics said in a statement.

Hong Kong stocks

05 Jun 2015

Hong Kong stocks down 0.88%

The Hang Seng Index fell 0.88 percent, or 242.21 points, to 27,309.68 by the break on turnover of HK$81.88 billion ($10.57 billion).

29 May 2015

China stocks extend selloff, keep Asia in check

In choppy trade, the Shanghai Composite Index was down 3.9 percent after diving nearly 7 percent on Thursday, when investors dumped stocks after more brokers tightened margin trading requirements.

28 May 2015

China stocks post biggest slump in four months on margin tightening

The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 6.7 percent, to 4,834.01, while the Shanghai Composite Index lost 6.5 percent, to 4,620.27 points.

26 May 2015

China`s yuan currency `no longer undervalued`: IMF

China`s vast and regular trade surpluses have seen it accumulate the world`s largest foreign exchange reserves, which stood at $3.73 trillion at the end of March.

World economies

26 May 2015

Asian shares turn higher as China rallies, dollar up

The dollar surged 0.6 percent against the Japanese currency to 122.36 yen, breaking above the 122 level for the first time since March 10 and reaching an eight-year peak.

Hong Kong shares

26 May 2015

Hong Kong shares up 1.42% by lunch

The Hang Seng Index added 398.80 points to 28,391.63 on turnover of HK$111.38 billion ($14.37 billion).

Hong Kong stocks

22 May 2015

Hong Kong stocks open 0.73% higher

The Hang Seng Index added 199.95 points to 27,723.67.

Hong Kong shares

14 May 2015

Hong Kong shares up 0.30% at lunch

The Hang Seng index added 81.41 points, to 27,330.69 on turnover of HK$67.50 billion.

Economy of China

13 May 2015

China April factory output grows 5.9%, misses forecasts

Central bank cut interest rates early this week for the third time in six months to lower companies` borrowing costs and boost activity.

13 May 2015

Money talks, IPO reform walks as China stocks rally

It limits IPO prices to a maximum 25% above the average price-to-earnings ratio for listed companies.

China's Oil Consumption

11 May 2015

China becomes world's top crude buyer despite economy stuttering

China`s crude oil imports hit a record of almost 7.4 mn bpd, ahead of US.

10 May 2015

China cuts interest rates for 3rd time in six months to revive economy

China cut interest rates for the third time in six months on Sunday in a bid to lower companies` borrowing costs and stoke a sputtering economy that is headed for its worst year in a quarter of a century.

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