caixin

 
 

ECB to announce tapering plan

Fundamental outlook THE European Central Bank (ECB) will be holding a press conference to announce details to its plan to taper stimulus. The US Nasdaq Composite Index reached a new high while other stocks struggled. China’s inflation growth remaiend steady as its trade surplus slowed down. US ISM services index grew 58.6 in May, higher […]


US saw strong growth, payrolls rise 223,000

Fundamental outlook US recorded higher payrolls in May while its gross domestic product (GDP) registered strong growth. There’s a high chance another rate hike would be announced after the upcoming Federal Open Market Committee (FOMC) meeting. The eurozone consumer prices grew while Italy’s sovereign debt declined after the political risks emerged. UK’s manufacturing saw an […]


China’s trade imbalance with US reportedly a long-term problem, says central bank governor

BEIJING, May 7 — China’s “huge” trade imbalance with the United States is a structural and long-term problem and should be viewed with rationality, the Chinese central bank governor was quoted as saying by financial magazine Caixin. Yi Gang,…


China service sector growth picks up in April as new business expands: Caixin PMI

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BEIJING, (May 4): Growth in China’s service sector picked up in April as new business and employment grew at a faster rate, a private survey showed on Friday, signalling a solid rise in a sector that Beijing is counting on to maintain economic growth. The Caixin/Markit services purchasing managers’ index (PMI) climbed to 52.9 in April from March’s four-month low of 52.3, though it remained weaker than levels in 2018’s first two months. The 50-mark separates growth from contraction. The findings were similar to those of an official gauge ofRead More


The Trump effect may finally be weighing on China’s exports

BEIJING, May 2 — China’s exporters may be finding it harder to avoid the effect of trade disputes with the US, according to the freshest manufacturing purchasing managers index data. While the official manufacturing gauge and a private…


China retaliates by imposing import tariffs on US products

Fundamental outlook IN response to US’ threats to impose heavy tariffs on China’s products imported into US, China raised its import tariffs on American goods. US weekly claims grew to highest in 12 weeks. Non-farm payroll grew 103,000 below forecast which shocked market. UK recorded a slowdown in its building and services index. The US […]


Apple, Google, IBM CEOs head to China with trade war brewing

NEW YORK, March 23 — Leaders of Apple Inc, Google and other US technology giants head to China this weekend to pursue a familiar goal: To do more business in the world’s most populous nation. The effort has had mixed results, at best, in the…


China names CBRC chief Guo as head of new banking, insurance regulator, reports Caixin

BEIJING, March 21 — China has named Guo Shuqing as the head of the newly formed regulator for the banking and insurance sectors, financial publication Caixin reported today without citing a direct source. Guo had been the head of the China…


Investors wary of Europe’s stimulus status

Fundamental outlook THE European Central Bank (ECB) has retained its monetary stance but investors are worried about the region’s economic prospects as the central bank dials back its monetary stimulus pledge. The US payroll grew beyond forecast, signalling a possible rate hike soon. China regained its consumer inflation growth. The US ISM services index grew […]


Xi’s warning to investors: Any Chinese billionaire may fall

BEIJING, March 2 — President Xi Jinping’s government has fired another warning shot at global dealmakers doing business with Chinese billionaires: Not even the most well-connected tycoons are safe. Ye Jianming, a globe-trotting Chinese…