Tag Archives: decline

US districts see rapid export growth to China

Encouraging report comes amid heightened scrutiny of trade practices Booming exports to China are vital to the US economy and nearly all congressional districts, according to a report released on Wednesday by the US-China Business Council (USCBC). The report was issued at a time of serious concern about bilateral trade after the US announced two […]

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Reminbi steadier as central bank’s remedies take hold

Short sellers may find it more difficult to score profits from betting on a continued depreciation of the yuan, according to economists, who said measures rolled out by the central bank to stabilize market expectations have begun to take effect.

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Equities slump on economic concerns

Share prices plunged on Tuesday as jittery investors resorted to huge sell-offs on concerns that the government has halted its plan to buy equities to stabilize the market.

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Stock crisis buffer fund proposed

Market regulatory officials are pushing for provisions to be included in a Securities Law amendment to create a national financial stabilization fund that would legitimize and enable government intervention during turmoil in the securities market.

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Bird flu concerns threaten Yum’s sales

Yum Brands Inc, the owner of KFC and Pizza Hut restaurants, said sales in its largest overseas market will see a steep dive as a result of bird flu scares. According to the Louisville, Kentucky-based fast food giant, its same-store sales in March declined an estimated 13 percent in China. This included an estimated decline […]

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Manufacturing hits 7-month low

Easing rate of decline suggests stability is near, experts say A key gauge of manufacturing fell to a seven-month low of 50.2 in June, compounding concerns over further slowing of the world’s second-largest economy. The Purchasing Managers’ Index registered a second month of decline, down from 50.4 in May, and also hit its lowest level […]

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