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China Manufacturing PMI Remains Flat at 51.8 in March

The China manufacturing Purchasing Managers Index (PMI), an indicator of the economic performance of the manufacturing sector, remained almost flat at 51.8 in March from 51.7 in February, according to a report released by the HSBC Friday. The data confirmed that the pace of ...

China to Monitor Food Imported from Japan for Radiation

China's quality watchdog said Monday it has asked local authorities to monitor food imported from Japan for radiation following the nuclear disaster at its Fukushima Dai-Ichi nuclear power plant. Local quality watchdogs should test food from Japan for radiation to ensure the ...

Gold Further Hikes Amid Middle East Unrest, Oil Rally

Gold futures on the COMEX Division of the New York Mercantile Exchange further hiked on Wednesday, as investors remained concerned about developments in the Middle East and North Africa. Besides, rally in energy prices intensified the fear of inflation. The most active gold ...

Wall Street Gains Thanks to Mining, Energy Shares

U.S. stocks edged higher on Wednesday as mining and energy shares surged because of high oil prices. The energy sector advanced 0.38 percent as oil price hit its highest level since Sept. 26, 2008. Meanwhile, basic materials shares, the best performers on Wednesday, also rose 1...

Shanghai Investigates Price Fixing Reports

"There's a price law and they can order an investigation, looking at the possibility of price fixing." ... ... ... ... Washing powder shelves are empty in a Carrefour outlet in the city's Xinzhuang area yesterday, due to a buying rush following price-hike reports. [Photo: ...

Stock Markets Close for Tomb Sweeping Day Holiday

China's Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) would close for trading for the incoming Tomb Sweeping Day that falls on April 5. The SSE will close from April 3 (Sunday) to April 5 (Tuesday) and open for trading on April 6 (Wednesday). It will also close ...

China's Chain Stores Sales up 21.2 pct in 2010

China's top one-hundred chain store operators saw sales volume hit 1.66 trillion yuan (253 billion U.S. dollars) in 2010, up 21.2 percent year on year, said a report on Monday. The 2010 growth rate rose 7.7 percentage points from the previous year, according to a report published ...

China's Online Shopping Market Hits 76 Bln USD

Chinese consumers spent 500 billion yuan (76.2 billion U.S. dollars) via online shopping in 2010, according to an online market research company. The figure represented an increase of nearly 90 percent from a year earlier and accounted for 3.2 percent of total consumer spending, ...

Heightened Inflation a Concern in China

Spreading reports of price hikes for everyday products such as instant noodles, soap and shampoo have sprung up in newspapers across China, exacerbating concerns regarding ongoing inflation in the world's second largest economy. In reports released earlier this month, unidentifie...

Asian Market Roundup Mar 28

China Chinese shares closed mixed on Monday with the benchmark Shanghai Composite Index up 6.19 points, or 0.21 percent, at 2,984.01. The Shenzhen Component Index declined 66.55 points, or 0.51 percent, at 12,875.52. Hong Kong stocks fell 90.48 points, or 0.39 percent, to close ...

Asian Market Roundup Mar 29

China Chinese stocks closed lower Tuesday amid concerns that the central bank may further beef up liquidity management to cool inflation. The benchmark Shanghai Composite Index fell 25.93 points, or 0.87 percent, to 2,958.08. The Shenzhen Component Index fell 197.91 points, or 1...

China to Invest More in Offshore Wind Turbine Production

Goldwind, a leading Chinese wind turbine maker, plans to invest more in offshore wind turbine production by reallocating funds originally planned for onshore turbine production. Goldwind plans to shift 145 million yuan (22 million U.S. dollars) previously planned for a MW-level ...

Asian Market Roundup Mar 30

China Chinese stock exchange shares closed lower Wednesday with the benchmark Shanghai Composite Index down 2.31 points, or 0.08 percent, to 2,955.77. The Shenzhen Component Index declined 16.39 points, or 0.13 percent, to 12,661.22. Hong Kong stocks rose 391.07 points, or 1.7 ...

Asian Market Roundup Mar 31

China Chinese shares closed low Thursday with the benchmark Shanghai Composite Index down 27.66 points, or 0.94 percent, to 2,928.11. The Shenzhen Component Index declined 98.32 points, or 0.78 percent, to 12,562.9. Japan Tokyo stocks rose Thursday with the key Nikkei index ...

China's Yuan Sets New High against USD Thursday

The Chinese currency, or the yuan, on Thursday gained 22 basis points from Wednesday to a record high of 6.5564 per U.S. dollar. On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate each trading day. The central parity rate ...

China's Outstanding External Debt Nears $549 Bln by End of 2010

China's outstanding external debt amounted to 548.938 billion U.S. dollars at the end of 2010, the country's foreign exchange regulator said Thursday. This amount does not include that of Hong Kong Special Administrative Region (SAR), Macao SAR and Taiwan, the State Administratio...

China's March PMI of Manufacturing Sector Rises

The Purchasing Managers Index (PMI) of China's manufacturing sector rose to 53.4 percent in March, the China Federation of Logistics and Purchasing (CFLP) said Friday. The March index rebounded from a slid for three consecutive months, higher than the six-month low of 52.2 ...

China's Yuan Sets New High Against USD

The Chinese currency, or the yuan, on Friday gained 37 basis points from Thursday to a record high of 6.5527 per U.S. dollar. On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate each trading day. The central parity rate of ...

Cross-border Renminbi Trade Increases in 2010

China's State Administration of Foreign Exchange said Friday that the country saw rapid growth in cross-border renminbi trade settlements last year as more Chinese and foreign-funded companies chose to pay and be paid in renminbi, the Chinese currency. Total cross-border renminbi ...

Dow Refreshes 2011 High on Strong Jobs Data

U.S. stocks ended higher on Friday, with the Dow Jones industrial average refreshing its 2011 high in early session, after government report showed U.S. jobs market were recovering at a stronger pace. According to the closely watched monthly payrolls report released by the Labor ...
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