China

  • 2019-04-18 02:55


    BEIJING (MNI) - China's current account may continue a surplus in the first quarter on exports of goods and services remaining strong, the State Administration of Foreign Exchange (SAFE) said.

  • 2019-04-18 01:31


    BEIJING (MNI) - China's strong growth in the first quarter lifted the government's confidence in meeting all economic and social development targets this year, the National Development and Reform Commission said on Thursday.

    Here are some highlights noted by MNI from a briefing by spokesman Yuan Da.

    - The advancement of traditional and emerging industries, robust consumer demand, stable investment and recovering trade growth assured policymakers that they are on the right path. Q1's economic indicators are usually the bellwether of the whole-year growth.

    - The commission will strictly prevent and resolve risks of hidden debt raised by local governments and closely validate their applications for construction projects.

  • 2019-04-17 05:38


    BEIJING (MNI) - China's industrial output in March soared at the fastest in more than four years while investment also gained, helping stabilize growth in the first-quarter at 6.4%, beating the 6.3% median of a forecast surveyed by MNI.

    Industrial output jumped 8.5% y/y last month from the pace of 5.3% in the first two months, data by the National Bureau of Statistics released on Wednesday showed. That beat the forecast 6.0% projected by MNI.

    Some analysts suspected that the surge may partly be caused by seasonal swings. Most factories started production in March, earlier than last year's seasonal start in April, as the Chinese New Year holiday came in about 10 days earlier.

  • 2019-04-16 03:54


    BEIJING (MNI) - China's local governments have quickened the pace of issuing bonds under central fiscal authority's order to help support growth, the Ministry of Finance said.

    Regional authorities this year have sold bonds about four to five months ahead of the pace of last year, a spokesman told reporters in a briefing on the first-quarter's fiscal standing.

    While the implementation of the value-added-tax cuts places pressure on fiscal income, the government is confident that this year's fiscal growth targets will be met, the ministry also said.

    --MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com

    [TOPICS: MAQDS$,M$A$$$,M$Q$$$,MBQ$$$,MGQ$$$]

  • 2019-04-04 05:39


    --Corrects originally transmitted story to Canadian companies

    BEIJING (MNI) - China has cancelled imports of rapeseed from three Canadian companies as the products do not meet the necessary qualifications, the Ministry of Commerce said Thursday

    There was no update offered on the status of the ongoing trade talks between the U.S. and China.

    MNI highlights major points deserve particular attention from the press briefing:

    --China has asked Canada to investigate the rapeseed cases and to prevent such cases from occurring again, MOFCOM Spokesman Gao Feng said.

    --China's decision to again delay any tariff increase on U.S.

  • 2019-04-04 04:15


    By Iris Ouyang

    BEIJING (MNI) - China has cancelled imports of rapeseed from three Australian companies as the products do not meet the necessary qualifications, the Ministry of Commerce said Thursday

    There was no update offered on the status of the ongoing trade talks between the U.S. and China.

    MNI highlights major points deserve particular attention from the press briefing:

    --China has asked Australia to investigate the rapeseed cases and to prevent such cases from occurring again, MOFCOM Spokesman Gao Feng said.

    --China's decision to again delay any tariff increase on U.S. vehicles is aimed at creating a favourable atmosphere for the current round of trade talks between the world's two largest economies, MOFCOM said.

  • 2019-03-31 22:21


    BEIJING (MNI) - The Caixin China manufacturing Purchasing Managers Index (PMI) jumped 0.9 points to 50.8 in March, after 4 months in contraction territory, as new orders recovered in a sign that factory activities in China may be picking up.

    New orders, which indicates future activity levels, saw a moderate increase for the second month, showing a sign of further strengthening, Caixin said in a statement.

    New export orders also saw a slight rebound, reversing the contraction last month.

  • 2019-03-29 06:40


    HAINAN(MNI) - China and the U.S. could reach a final agreement on settling their trade dispute by the end of June, Hu Xiaolian, a former deputy governor of the PBOC and now chairwoman of the Export-Import Bank of China, said at the Boao Forum in southern Hainan province. Here are major points made by Chinese delegates at the forum on Friday:

    --Any U.S.-China trade deal will only be a starting point to work on deeper dividing issues, Hu said.

  • 2019-03-15 03:33


    BEIJING (MNI) - The People's Bank of China should consider raising the deposit reserve rate to help banks lower lending costs to companies, Dai Xianglong, the former central bank governor said.

    "The interest rate the PBOC pays for the deposit reserves that banks are required to set aside has been set at 1.62% for a long term, and the authorities should raise it to a level not lower than the average deposit rate," Dai told in a forum held by China Finance 40 Forum, a prominent Chinese think tank.

    Dai, also warned China must be alert to systemic risk as the financial markets open up, including a plunge in the stock market, increases in defaults and a sharp yuan depreciation, adding that the authorities must do their best to avoid them.

    Dai noted China has made efforts

  • 2019-03-14 07:18


    BEIJING (MNI) - China's economy remained under pressure in the early months of 2019, the industrial activity and consumption data released Thursday by the National Bureau of Statistics (NBS) suggest.

    The NBS published combined data for the first two months to iron out seasonal volatility caused by annual shifts in the timing of Chinese New Year (CNY).

    One bright spot is fixed-asset investment(FAI), which rose 6.1% y/y in January and February, beating the 5.9% median in an MNI survey.