China's official Purchasing Managers Index (PMI) rose to 53.4 percent in March from 52.2 in February; HSBC PMI nudged up slightly to 51.8.
China will probably continue raising key interest rates, sending the real rates to the positive territory, China Securities Journal reported, citing a top monetary regulator.
Beijing Municipal government Tuesday unveiled its long-awaited new residential property price target -- stable with a slight decline.
The negative trade balance figures in China could continue in March, while last into April, narrowing full year’s trade surplus to 100 ~ 110 billion U.S. dollars.
U.S. Fed officials are calling for a review of the current stimulus effort, the second round of so-called quantitative easing (QE2), suggesting earlier withdrawal from the bond-buying, which is slated to end in June.
An increase in the banks’ deposit reserve requirement will have greater effect than other tools on the regulation of monetary supply, while the best level for the reserve requirement ratio (RRR) should be targeted at around 23 percent.
It will take Japan some 100 billion U.S. dollars and five years for reconstruction after the devastating earthquake, while further quantitative easing may pose challenges to China.
JPMorgan Chase & Co. economists late on Wednesday reduced their full year growth estimate for China to 9.4 percent from 9.6 percent.
China in January cut holdings of U.S. Treasury bonds by 5.4 billion U.S. dollars, but retained as the largest foreign creditor.
Editors’ Picks »
- 1China to Cut Reserve Ratio for Some Rural Banks
- 2China M2 up 12.1Pc, Outstanding Yuan Loans 13.9 Pc in March
- 3Delayed Response to Tainted Water Raises Concerns
- 4China's FDI Inflow down 1.47% in March
- 5China's MMG to Acquire Las Bambas
- 6China’s Rare Earth Exchange Begins Trading Following WTO Ruling
- 7Alibaba’s Q4 Net Income More than Doubles Ahead of IPO
- 8China Trade Fair Shadowed by Weak Exports
- 9Embassy Says 2 Chinese Nationals Aboard Capsized S.Korean Ship
- 10South Korean Ferry Sinks off South Coast