China
China’s economy to grow 9% in 4Q11 to 2012
The country’s GDP is forecast to grow by 8.8% in 2H2011, as slower growth will be inevitable for China but supported by resilient domestic demand.
China’s economy to grow 9% in 4Q11 to 2012
The country’s GDP is forecast to grow by 8.8% in 2H2011, as slower growth will be inevitable for China but supported by resilient domestic demand.
China’s manufacturing PMI stable at 49.95 in September
This is a bit better than August’s 49.91, as the slowdown in China's manufacturing sector is showing signs of stabilizing.
75% of Chinese financial institutions plans engaging in M&A in Asia
Chinese survey respondents are more eager than the rest of their Asian counterparts to develop new lines of business via M&A.
China’s flash manufacturing PMI dips to 49.4 in September
HSBC says the country won’t suffer a hard landing yet as exports growth has expanded over 20% despite the weaker external demand.
Property price hikes unstoppable in China
As new home prices rose in all 70 cities for the first time this year.
China’s industrial production plunges to three-month low of 13.5% in August
Production activities of heavy industries dropped from 14.5% in July to 13.5% in August.
Chinese government debt worrisome at 42.9% of GDP
However, the main problem is that the local government debt is much higher than the central government debt.
83% of fund managers bullish on Asian bonds
And over half of fund managers are bullish on Greater China equities as expectations of monetary tightening and inflationary hikes draw to an end.
Outbound M&A hits record value of transactions in Greater China last year
Regional bidders seen to remain acquisitive despite highly volatile, uncertain economy outlook.
China’s services PMI plunges to 6-year low of 50.6 in August
HSBC says this reflects the effect of property and credit tightening measures.
Meet MMA China Local Council’s new chairs
Mobile Marketing Association appointed Yanping Hu and TonyChen as co-chairs for its China Local Council.
Half of Asia’s millionaires to come from China by 2015
Julius Baer says the wealth of China’s millionaires will reach a whopping US$8.76 trillion four years from now.
China’s manufacturing PMI grows to 49.9 in August
HSBC says this is the first time it rose in three months.
Ongoing challenges hinder growth of foreign fund management firms in China
Regulatory constraints and limited distribution channels cause market share and assets under managementto remain stagnant.
Asia’s GDP growth to slow down to 6.9%
UBS says growth of small Asian economies will likely ease towards 3% next year.
Taiwan’s industrial production up by 2.4% in July
Domestic demand growth remains impressive with retail sales rising by 1.3%.
China beats the United States as the largest PC market in the world
PC shipments in China amounted to a whopping US$11.9b, beating those of the United States by US$200m.
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