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China’s manufacturing activity continues to dwindle

With Purchasing Manager’s Index (PMI) falling from 48.2 in June to 47.7 in July, China is witnessing its 11-month low manufacturing activity. The PMI is a key indicator of manufacturing activity and a reading below 50 shows contraction. This comes

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Unexpected decline in China’s manufacturing growth in April

China’s Purchasing Managers’ Index (PMI) dropped from 50.9 to 50.6 in April, indicating an unexpected slowdown in China’s manufacturing sector. The drop in the growth of manufacturing sector, China’s main driver of economic growth, poses threats to its fragile economic

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US manufacturing sector grew at its slowest pace in six months

The US manufacturing sector’s growth was at its worst in six months during April. According to Research Firm Market, the Purchasing Manager’s Index fell from 54.6 to 52, slightly above the 50 level, marking the line between growth and contraction.

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UK and China in negotiations on currency swap

The Bank of England is next after Australia, Brazil, Japan and Hong Kong to sign currency swap agreement with China. The Bank and the People’s Bank of China are close to signing a three-year currency swap arrangement, allowing the two

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China reports a slowdown in manufacturing growth

One of the biggest drivers of Chinese economic growth, the manufacturing sector shows signs of contraction yet again. The Purchasing Managers’ Index (PMI), a key indicator of activity in the manufacturing sector, fell to 50.04 in January from 50.6 in

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China’s manufacturing activity growing at its fastest rate in two years

China reported a Purchasing Managers Index (PMI) of 51.9 in January compared with 51.5 in December. The country’s manufacturing activity is at its two-year high since January 2011 and above 50. A PMI of above 50 indicates expansion and signals

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World Bank sees China growing 8.4 percent in 2013

(Reuters) – The World Bank raised its 2013 economic growth forecasts for China and developing East Asia on Wednesday, and said the region remained resilient despite the lackluster performance of the global economy. “For 2013, we expect the region to

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China simplifying FDI rules

In a bid to spur a fresh wave of economic growth, China has said it will “simplify” procedures for foreign direct investments. China’s economic growth has been slowing and hit a three-year low in the third quarter, with FDI falling

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China working towards more economic reforms

Addressing the Communist Party, China’s president Hu Jintao said the country will deepen its economic reforms aimed mainly at expanding domestic demand. The president’s statement comes at a time when China is experiencing its slowest economic growth rate for three

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China Manufacturing Hits Nine Month Low

According to official figures, China’s manufacturing activity fell to a nine month low in August, showing serious weakness in the world’s second largest economy. A statement released on Saturday by the China Federation of Logistics and Purchasing shows the government’s

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China trade data in surprise sign of strength

China’s export growth has increased while inflation has slowed, in a sign of strength in the world’s second-biggest economy. In May, exports jumped 15.3% from a year earlier, beating expectations. In April they were up by 4.9%. However, industrial production

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China to bost demand and investment

China has said it will take measures to boost demand and investment amid fears of a slowdown in its economy. On Wednesday, the government said it will encourage private investment in sectors such as energy, railways and telecommunications. The move

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China allows banks to lend more in bid to boost economy

China has cut the amount of funds banks have to hold in a reserve, in a bid to boost its economy. It is the third time the central bank has made such a move in six months. It follows recent

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China inflation rate slows to 3.4% in April

China’s inflation rate slowed in April, raising hopes that the central bank will ease its monetary policy to sustain growth. Consumer prices rose by 3.4% from a year earlier, down from 3.6% in March. The rate of inflation has now

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China’s exports and imports see slower growth

China’s export and import growth slowed in April raising fresh fears about a sharp slowdown in the world’s second-largest economy. Exports rose by 4.9% in April from a year earlier, down from the 8.9% annual growth seen in the previous

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China's exports and imports see slower growth

China’s export and import growth slowed in April raising fresh fears about a sharp slowdown in the world’s second-largest economy. Exports rose by 4.9% in April from a year earlier, down from the 8.9% annual growth seen in the previous

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China surpasses US as world’s biggest grocery market

China has become the world’s largest market for food and grocery retail, surpassing the US, a study showed. The grocery sector in China was worth £607bn ($972bn) by the end of the 2011, showed research published by IGD. The US

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China surpasses US as world's biggest grocery market

China has become the world’s largest market for food and grocery retail, surpassing the US, a study showed. The grocery sector in China was worth £607bn ($972bn) by the end of the 2011, showed research published by IGD. The US

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Lagarde says China must reform economy and yuan

International Monetary Fund (IMF) head Christine Lagarde has said that China must stop its economy being too dependent on exports and investment. She also said the yuan could become a global reserve currency if China implemented market-oriented changes. Ms Lagarde

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