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Last Updated: Feb 8, 2012 - 9:04 AM |
Asia Economy
Japan's current-account surplus plunged in 2011
Japan's current-account surplus plunged in 2011, as exports fell following the March 11 devastating earthquake and both energy prices and the value of the yen rose. It was the smallest surplus since 1996, the finance ministry said and the steepest contraction since at least 1986, when comparable percentage-change figures first were published.
Feb 8, 2012 - 9:00 AM
Asia Economy
Chinese manufacturers report further falls in output in January; Indian manufacturing rises
Chinese manufacturers report further falls in output at start of 2012. Meanwhile Indian manufacturing sector business conditions improved at fastest rate in eight months in January.
Feb 1, 2012 - 6:32 AM
Asia Economy
China's GDP growth dropped to an annualised 8.9% in the last quarter of 2011
China's GDP (gross domestic product) growth dropped to an annualised 8.9% in the last quarter of 2011, compared with a year earlier, confirming that Asia's growth engine is slowing. The annualized quarter-on-quarter rate sank to 8.2%, significantly below the third quarter’s 9.5%.
Jan 17, 2012 - 8:07 AM
Asia Economy
Ageing lessons from Japan - - Part 3
Ageing lessons from Japan - - Part 3: The country's National Institute of Population and Social Security Research says in the first country to seriously experience the natural process of ageing, that the population, which began to decline in 2005, is now expected to fall from 127.5m in 2009 to below 120m by 2025 and to 90m by 2055. At the same time, the country’s 27m elderly - - those aged over 65 - - will account for more than one-third (33.7%) of the total population by 2035 and for one out of every 2.5 people by 2055.
Jan 13, 2012 - 8:39 AM
Asia Economy
China's foreign trade jumped 22.5% in 2011; Trade surplus falls to $155.1bn
China's foreign trade jumped 22.5% in 2011 from a year earlier to hit $3.64trn, the General Administration of Customs (GAC) said Tuesday. The country's annual trade surplus narrowed 14.5% year-on-year to $155.1bn in 2011, the agaency said. The figure has fallen from $295.5bn in 2008, $196.1bn in 2009, and $183.1bn in 2010.
Jan 10, 2012 - 8:00 AM
Asia Economy
Chinese manufacturing output and new business fell at slower rates in December
Chinese manufacturing output and new business both fell at slower rates in December.
Dec 15, 2011 - 7:56 AM
Asia Economy
Japanese manufacturing PMI fell during November; Official data on industrial production in October showed unexpected rise
Japanese manufacturing PMI fell during November. Output decreased at the fastest rate in seven months, as new business continued to decline. Despite this, the pace of employment growth was the highest since March. Meanwhile, the rate of input cost inflation eased to a 13-month low, and output charges fell further. However, government data on industrial production in October showed an unexpected rise.
Nov 30, 2011 - 5:25 AM
Asia Economy
Chinese manufacturers report sharpest fall in output in November since March 2009
Chinese manufacturers reported the sharpest fall in output in November since March 2009. The Flash China Manufacturing PMI (Purchasing Managers' Index) at 48.0 (51.0 in October) is at a 32-month low. The Flash China Manufacturing Output Index at 46.7 (51.4 in October) is also at a 32-month low. Data was collected Nov 11–21.
Nov 23, 2011 - 5:40 AM
Asia Economy
Japan's exports dropped for the first time in three months
Japan's exports have dropped for the first time in three months, reinforcing concerns about the strong yen and the faltering global recovery.
Nov 21, 2011 - 7:29 AM
Asia Economy
China will hit important export milestones in the forthcoming Year of the Dragon
China will hit important export milestones in 2012, a Year of the Dragon. The lunar new year begins in late January and after a 12 year interval this one of the select dozen animals in the zodiac calendar that reputedly dates from 2600 BC when the Emperor Huang Ti ruled, has particular significance. The Chinese dragon is viewed as a symbol of power, superiority and rule.
Nov 16, 2011 - 8:12 AM
Asia Economy
Japanese economy grew at an annualised 6.0% rate in the third quarter
The Japanese economy grew an annualised 6.0% rate in the third quarter, rebounding from a slowdown caused by the devastating March 11 earthquake and tsunami, government data showed Monday.
Nov 14, 2011 - 7:24 AM
Asia Economy
China in need of more consumption; India needs more investment
In the immediate aftermath of the 2008-09 financial crisis, China and India adopted an easy approach of aggressively boosting domestic demand largely via credit and fiscal expansion. China's policy measures were biased towards boosting investment, which lifted investment/GDP from 41.7% of GDP in 2007 to 48.6% in 2010. India's measures were biased towards boosting consumption and did not focus on generating new productive capacity.
Nov 8, 2011 - 7:18 AM
Asia Economy
China's manufacturing PMI grew strongly in October; Modest growth in manufacturing in Japan and India
China's manufacturing output grew strongly in October. Japan's manufacturing PMI (Purchasing Managers' Index) signalled marginal improvement in operating conditions and growth of Indian manufacturing output strengthened, but remained modest.
Nov 1, 2011 - 5:19 AM
Asia Economy
Chinese manufacturing output rises in October at sharpest rate since April
Chinese manufacturing output rose at the sharpest rate since April with the sector rising moderately in October and ending a three-month contraction, backed by robust domestic demand.
Oct 24, 2011 - 5:26 AM
Asia Economy
Japan's exports rose in September; Government warns "Mrs. Watanabes" of possible yen intervention
Japan's exports rose 2.4% in September on a year earlier boosted by a rise in shipments of cars and car parts as supply chains were repaired following the March 11 devastating earthquake. It was the second consecutive month of growth, the Finance Ministry said Monday. Meanwhile, over the weekend, the government warned "Mrs. Watanabes" and other speculators that it may intervene to prevent the rise of the yen.
Oct 24, 2011 - 5:05 AM
Asia Economy
China reports economic growth slightly eased in the third quarter to 9.1% in the quarter from a year ago
China today reported that economic growth slightly eased in the third quarter, expanding at its slowest rate since the second quarter of 2009. GDP (gross domestic product) rose 9.1% in the quarter from a year ago, down from the second quarter's 9.5%.
Oct 18, 2011 - 4:47 AM
Asia Economy
China’s manufacturing sector stagnated in September; Japan's declined for first time in five months
September data signalled continued stagnation of China’s manufacturing sector while Japan's manufacturing production declined for the first time in five months.
Sep 30, 2011 - 3:40 AM
Asia Economy
China's manufacturing sector deteriorates marginally in September
China's manufacturing sector deteriorated marginally in September with the Flash China Manufacturing PMI at 49.4 (49.9 in August), down to a 2-month low and the Flash China Manufacturing Output Index at 49.2 (50.2 in August) - - also at a 2-month low.
Sep 22, 2011 - 4:48 AM
Asia Economy
Australia's commodity-rich economy performed better than expected in the second quarter
Australia's commodity-rich economy performed better than expected in the second quarter, after a first quarter of natural disasters that disrupted coal and agricultural production in Queensland, one of the country's largest regions.
Sep 7, 2011 - 7:48 AM
Asia Economy
Services in China and India slowed in August while the sector declined in Japan
Services in China and India slowed in August while the sector declined in Japan, according to to PMI (purchasing managers' index) data published today.
Sep 5, 2011 - 6:01 AM
Asia Economy
Chinese manufacturing production rose for the first time in three months in August
Chinese manufacturing production rose for the first time in three months in August, according to a report published Thursday.
Sep 1, 2011 - 6:06 AM
Asia Economy
Japanese manufacturing output growth eased to a 3-month low in August
Japanese manufacturing output growth eased to a 3-month low in August, despite a faster expansion of incoming new business. In contrast, new export orders fell at the fastest rate since April. Meanwhile, staff numbers rose for the second month in succession. On the price front, the rate of input price inflation eased, but remained marked nonetheless, while output charges fell at a marginal rate.
Aug 31, 2011 - 5:13 AM
Asia Economy
Japan's prime minister resigns; World's third biggest economy awaits its sixth leader in five years
Naoto Kan, Japan's prime minister, announced his resignation Friday, nearly three months after first indicating he would do so, following the passage of two major bills in parliament. On Monday, members of the ruling Democratic Party will elect their third leader since winning power in August 2009 and the sixth prime minister in five years.
Aug 26, 2011 - 8:17 AM
Asia Economy
Moody's downgrades Japan's sovereign debt rating as country awaits its sixth prime minister in five years
Moody's on Wednesday downgraded Japan's sovereign debt rating, at a time when the country awaits its sixth prime minister in five years.
Aug 24, 2011 - 5:43 AM
Asia Economy
China's manufacturing sector contracted at a slower pace in August
China's manufacturing sector contracted at a slower pace in August according to a flash PMI (purchasing managers' index) survey.
Aug 23, 2011 - 4:43 AM
Asia Economy
Resilience of Asia's capital markets tested by global economic events
Emerging Asia’s capital markets have shown great resilience over the past year, but the recent sharp sell-offs in response to economic uncertainty in the US and Eurozone underscore the need for stronger policies to boost investor confidence and reduce excessive volatility, says a new report from the Asian Development Bank.
Aug 9, 2011 - 8:32 AM
Asia Economy
Asia's growth to moderate on rising inflation, weak global demand
After a strong rebound in 2010, economic growth in emerging East Asia will moderate this year and in 2012 as authorities continue to battle inflation and as advanced economies try to shore up an anemic recovery, says the July edition of the Asian Development Bank’s (ADB) Asia Economic Monitor (AEM/pdf) released today.
Jul 28, 2011 - 6:33 AM
Asia Economy
Chinese manufacturing production declines at fastest rate since March 2009
The Flash China Manufacturing PMI (Purchasing Managers' Index) is reported today at 48.9 (50.1 in June) - - a 28-month low and a contraction indicated by a fall below the no-change level of 50. The Flash China Manufacturing Output Index is at 47.2 (49.8 in June) - - also at the lowest since March 2009.
Jul 21, 2011 - 5:42 AM
Asia Economy
Japan must introduce fiscal and structural reforms says IMF
Japan: After a sharp contraction in production and private demand following the massive earthquake in March, Japanese supply constraints are easing and activity has begun to recover according to the IMF (International Monetary Fund). GDP (gross domestic product) is forecast to decline by 0.7% in 2011 before rising by 2.9% in 2012. The outlook, however, remains uncertain depending on how quickly supply bottlenecks ease and sentiment recovers. The Fund in its regular assessment says that fiscal and structural reforms are needed if the world’s third largest economy is to continue being a positive force in the region.
Jul 20, 2011 - 5:46 AM
Asia Economy
June trade data shows China's economy is slowing as consumer inflation hits 3-year high
Trade data for June issued at the weekend shows that China's economy, the world’s second-largest, was slowing even as inflation rose to a 3-year high.
Jul 11, 2011 - 2:05 AM
Asia Economy
Japan's service sector activity fell for the fifth straight month in June; Chinese and Indian service sectors boosted by new business in month
Japan's service sector activity fell for the fifth straight month in June, although the pace of decline eased. Meanwhile, the Chinese service sector was supported by a continued rise in new business during June and Indian service providers reported a sharp increase in new business.
Jul 5, 2011 - 5:55 AM
Asia Economy
China's manufacturing output fell in June for the first time since July 2010; India's manufacturing slowed to weakest since September 2010
China's manufacturing output fell in June for the first time since July 2010 while India's manufacturing sector output growth slowed for a second successive month in June to the weakest since September 2010.
Jul 1, 2011 - 4:55 AM
Asia Economy
Japan's manufacturing sector operating conditions improved for a second straight month in June
Japan's manufacturing sector operating conditions improved for a second straight month in June, as easing supply side pressures enabled firms to expand production capacity. Output growth quickened, but market demand remained subdued, with the level of new orders unchanged on the month. Meanwhile, cost inflation reached a three-month high, but factory gate charges declined, as competitive pressures restricted firms’ pricing power.
Jun 30, 2011 - 6:27 AM
Asia Economy
Up to 18,000 corrupt officials fled China over a 15-year period with loot of $124bn
The People's Bank of China, China's central bank, says in a report published this week that an estimated 16,000 to 18,000 officials - - Communist Party officers, state company executives, civil servants, police and members of the judiciary - - fled the country or went into hiding, in the 15-year period from the 1990s to 2008, with loot of Rmb800bn (US$124bn).
Jun 17, 2011 - 3:59 AM
Asia Economy
India 2011: Further reforms must ensure strong growth is long-lasting and benefits all
India 2011: India’s economy has ranked among the best performers over the past decade, and poverty has been falling faster than in many other emerging economies. India now has the opportunity to move towards sustained and socially inclusive double-digit growth if the right policies are put in place, according to a new OECD report.
Jun 14, 2011 - 1:58 AM
Asia Economy
China’s economy a 'bright spot' in global growth; IMF says economy will grow at rapid 9½% this year
China’s economy is a 'bright spot' in global growth and is projected to grow at a rapid 9½% this year, remains on a strong footing, propelled by vigorous domestic and external demand, the IMF said in its latest assessment.
Jun 10, 2011 - 5:51 AM
Asia Economy
China became world’s largest energy consumer in 2010; Global use in biggest annual jump since 1973
China became the world’s largest energy consumer in 2010 overtaking the USA during a year which saw the rebound in the global economy drive consumption higher and at a rate not seen since the aftermath of the 1973 oil price shocks.
Jun 9, 2011 - 4:58 AM
Asia Economy
China services PMI climbed to 7-month peak in May; Japanese service firms express optimism; India's services growth fell to 20-month low
China services PMI (Purchasing Managers' Index) climbed to a 7-month peak of 54.3 in May; Japanese service sector firms expressed overall optimism for the first time since February - - prior to the May 11 devastating earthquake and tsunami and India's services growth fell to lowest level in 20 months.
Jun 3, 2011 - 5:55 AM
Asia Economy
China's manufacturing sector slowed in May; India's fell slightly from April’s five-month high
China's manufacturing sector slowed in May while inflationary pressures eased. Meanwhile, growth of India's manufacturing sector slowed slightly in May from April’s five-month high.
Jun 1, 2011 - 6:28 AM
Asia Economy
Japan’s manufacturing sector returned to growth in May
Japan’s manufacturing sector data for May published today showed a return to growth as supply chain pressures enabling firms to resume factory operations following the disruption caused by the March 11 Tohoku earthquake. On the demand side, overall new business decreased marginally, while firms reduced their staff numbers for the second month in succession. Meanwhile, output charges rose for the first time since November 2008 in response to strong cost inflation.
May 31, 2011 - 3:33 AM
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