BEIJING — Surprisingly strong rebounds in China’s exports and imports in July offered some hope that the economy might be stabilizing, government data showed Thursday, after more than two years of slowing growth, although an imminent rebound still looks improbable. Data from the Customs Administration showed exports had risen 5.1 percent in July from the same month last year. Analysts …
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Nikkei's weekly gain biggest since Dec 2011 * U.S. data, optimism on BOJ encourage investors * Yen/dollar falls to 3-1/2-year low * Fast Retailing up 24 percent for the week By Ayai Tomisawa TOKYO, March 8 (Reuters) - Japan's Nikkei share average ended at a new 53-month high on Friday, as exporters and real estate shares rose helped by bullish …
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A stronger reading for a Chinese manufacturing gauge failed to end predictions for policy loosening as analysts described the gain as seasonal and a separate survey showed exporters struggling. A Purchasing Managers’ Index (CPMINDX) rose to a one-year high of 53.1 in March, China’s logistics federation and the National Bureau of Statistics said yesterday. The gauge has a pattern of rising each March. …
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BEIJING, March 2 (Xinhua) — China’s central bank said Friday that all companies qualified for foreign trade activities can conduct cross-border export settlement in yuan. The People’s Bank of China said in a statement on its website that China expanded cross-border trade settlement in yuan to cover all goods exporters in order to “meet market demand and make foreign trade …
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BEIJING, March 1 (Xinhua) — A guideline to accelerate the transformation of the country’s foreign trade growth pattern was jointly issued on Thursday by 10 Chinese government agencies. The country aims to balance its foreign trade by increasing imports and optimizing the mix of its import tariffs, according to the publication on the Ministry of Commerce website. The guideline said …
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China’s Vice President Xi Jinping, on the last day of a much-ballyhooed five-day trip through the United States, said the Chinese economy will avoid a “hard landing” this year and maintain stable growth. Slated to become the president of China by 2013, Xi told a business forum in Los Angeles: “2012 will be a crucial year in driving the twelfth …
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