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Auto inventories critically high |
08/06/2012 |
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by Chinadaily.com.cn | Topic: Economics
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Overstock at dealers may lead to price war, lower profit margins
Already bloated inventories at automobile dealerships across China - the world's top vehicle market - continue to swell, signaling slowing sales and mounting pressures on both dealers and automakers, according to industry statistics.
The comprehensive inventory index stood at 1.98 in June, up from 1.88 in May, according ...Read More |
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Guangzhou's car quota hurts more than helps industry |
08/06/2012 |
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by Chinadaily.com.cn | Topic: Economics
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The government of Guangzhou has decided to emulate Beijing and Shanghai by clamping down on the number of cars on the road.
There is little doubt that this policy will hurt the automotive industry even if it brings about a purchasing frenzy in the short term.
Only two days after the measure was introduced, the market value of two listed companies - Guangzhou Automobile Industry Group and ...Read More |
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China's CPI likely to drop below 2%, more economic spurs expected |
08/06/2012 |
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by Chinaview.cn | Topic: Economics
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China's economy is to see a continued slowdown and the government will implement more economic stimulus in the future.
China's GDP expanded at 7.6 percent in the second quarter of 2012, the first time that the world's second largest economy's growth has fallen below the 8-percent mark since the fourth quarter of 2009.
To boost the currently fatigued economy, C ...Read More |
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Beijing home to most wealthy people in China |
08/02/2012 |
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by Chinadaily.com.cn | Topic: Economics
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One out of every 1,300 people in China has a million yuan or more, according to the Hurun Wealth Report 2012, which was released on Tuesday.
And the number of Chinese people who have 10 million yuan ($1.6 million) or more reached a record of 1.02 million, an increase of 6.3 percent from 2011.
China is home to 63,500 super-rich people, defi ...Read More |
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Shenzhen tests waste classification |
08/02/2012 |
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by Chinadaily.com.cn | Topic: Economics
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Shenzhen will introduce waste classification in communities, officials from the Shenzhen urban management bureau said at a news conference on July 2. According to the bureau's deputy chief Ye Guo, the city will set up 500 pilot communities this year in which waste classification will be introduced. The communities are encouraged to purchase small waste treatment facili ...Read More |
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Economic easing urged as manufacturing hits low |
08/02/2012 |
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by Chinadaily.com.cn | Topic: Economics
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As China's manufacturing data hit an eight-month low in July due to worsening external demand, more aggressive easing policies should be rolled out to strengthen investment, analysts say. Data released by the China Federation of Logistics and Purchasing and the National Bureau of Statistics on Wednesday showed that the purchasing managers index (PMI) fell to 50.1 percent in July ...Read More |
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Chinese investment fuels African development |
08/02/2012 |
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by Chinadaily.com.cn | Topic: Economics
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The rapid increase of China's investments in Africa is not only a fruit of the long-standing friendship between China and Africa but also the result of objective economic laws. To ignore the mutually beneficial cooperation that now occurs between China and Africa and to simply make irresponsible remarks will only lead people to wonder if Washington truly cares about Africa's developme ...Read More |
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Housing data scuttles real estate stocks |
07/19/2012 |
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by People.com.cn | Topic: Statistics
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The Shanghai and Shenzhen stock markets ended at odds Wednesday, although contractions in the real estate sector weighed heavily on both bourses.
The Shanghai Composite Index edged up 7.91 points, or 0.37 percent, to close at 2,169.10; while the Shenzhen Component Index retreated 0.48 percent, or 45.86 points, to finish at 9,514.17.
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Bad loans in Spanish banking system reach 8.95% |
07/19/2012 |
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by Chinadaily.com.cn | Topic: Statistics
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Non-performing loans within the Spanish banking sector reached 155.84 billion euros ($192 billion) in May, or 8.95 percent of total loans, the Bank of Spain said Wednesday.
The rate of non-performing loans is close to the historical high of 9.15 percent recorded in 1994, when the Spanish economy was suffering a deep recession.
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Slowdown sparks adjustments in hiring practices |
07/19/2012 |
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by Chinadaily.com.cn | Topic: Statistics
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As the government highlights social stability while trying to stabilize economic growth, employment has become a key issue.
"Greater pressure for employment looms after industrial profits dropped 2.4 percent year-on-year during the January-to-May period. State-owned companies were hit hard, with first-half profits down 11.6 percent," said a research note f ...Read More |
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