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Latest data say China’s economy slowed in July

Latest data say China’s economy slowed in July

Reports released by China at 10 p.m. New York time Sunday show China’s economy slowing in July. Industrial output rose 6.4% year over year. Industrial output grew at an annual 7.6% in June. Economists had projected 7.1% growth in output. Retail sales, another...
China economic data too good to be true?

China economic data too good to be true?

Talk about hitting your marks! Second quarter GDP grew in China at a 6.9% year over year rate, Beijing reported over the weekend. The consensus projection called for 6.8% growth. In the first quarter China’s GDP grew at 6.9% year over year. In June Fixed Asset...
China’s export engine falters again

China’s export engine falters again

Calculated in yuan, China’s exports rose a tepid year-over-year 0.6% in December. Unfortunately, China’s export companies don’t pay for raw materials such as oil and copper or for subassemblies from Malaysia or Indonesia in yuan but in most cases in...

Can China's biggest companies become true global players?

The next six months will test the power—and the limits of that power—of China’s global champions. First, sometime in early 2011 California will decide what company will build the high-speed rail link between Los Angeles and San Francisco. The Japanese companies that...

Unemployment in China? Yes, if you're a college grad

Question: True or false? Workers’ pay is rising in China Answer: It depends on which workers. For blue collar manufacturing workers in China’s export industries, the answer is True.  Foxconn, the subsidiary of Taiwan’s Hon Hai Precision that assembles Apple’s iPod,...

The renminbi moves closer to climbing against the dollar

It looks like the fix is in. The governments in Beijing and Washington look like they’re figured out a formula that will lead, sooner rather than later, to an end to the renminbi/dollar peg and the appreciation of China’s currency versus the dollar. Sooner, I’d say,...

China's growth speeds up–and that's not all to the good

I’m filing this post from the beach. I’m on vacation the week of March 29 to April 2. Unless the sun stops shining here in the Bahamas (or the kids decide to hire themselves out on a fishing boat), I don’t anticipate filing more than once a day for this week....