708 reads

China facing rapid economic slowdown – China Business

www.abc.net.au — Premier Wen Jiabao has declared that the effects of the world economic crisis on China have been "worse than expected".

full story »

Login or register to post comments
708 reads

Submitted by zhangbohan

3 years 12 weeks ago Made popular 3 years 11 weeks ago

Tags:

Economic crisis spreading in China, Wen warns 2 years 49 weeks ago

Chinese Premier Wen Jiabao has warned the global financial crisis is still spreading through China and the country faces a long, arduous task to combat its effects.

Wen tells EU to stop pressing on currency 1 year 18 weeks ago

Chinese Premier Wen Jiabao told the European Union on Wednesday to stop piling pressure on Beijing to revalue its currency, saying a rapid shift could unleash disastrous social turmoil. The United States and the European Union accuse China of keeping its currency artificially weak to promote exports, undermining jobs and economic growth in the West.

China Premier Says Stimulus is off to Good Start 2 years 49 weeks ago

China’s stimulus spending has started to nudge the economy in the right direction but the global financial crisis could still take a turn for the worse, Chinese Premier Wen Jiabao told an online forum on Saturday.

Chinese Leader Offers Cautious Optimism 3 years 1 week ago

Chinese Premier Wen Jiabao brought cautious optimism to business and government leaders pondering the worst financial crisis since the Great Depression as the World Economic Forum opened Wednesday.

Chinese premier pledges to provide more loans to entrepreneurs, tighten controls on banks 4 weeks 4 days ago

China's premier pledged to tighten risk controls on its banks and see that they do more to help entrepreneurs to sustain economic growth in the face of a possible global slowdown.

China's Resilience 3 years 12 weeks ago

An analysis of China's challenges in facing the world economic crisis.

EU, China to hold fence-mending meeting this week 3 years 1 week ago

BRUSSELS, Belgium (AP) — One month after China canceled a summit with the EU in a dispute regarding the Dalai Lama, Chinese Premier Wen Jiabao plans to visit European headquarters on a fence-mending mission Friday.

18 more Australians facing charges of 'economic crimes' in China 1 year 45 weeks ago

THE (Australian) Government is tracking the trials of 18 Australians facing charges of "economic crimes" as it deals with the 10-year sentence imposed on former mining executive Stern Hu.

Wen Jiabao’s baseball skillz (Video) 4 years 43 weeks ago

As you might already know, Chinese Premier Wen Jiabao visited Japan a few days for an “ice-melting” trip to improve relations between the two countries:

A smiling Chinese Premier Wen Jiabao sipped Japanese green tea, played baseball with college students and declared his trip a success on Friday, wrapping up a tour aimed at warming chilled ties and drawing investment to China.

1 Comments

Alex 3 years 11 weeks ago

Argh. Pet peeve: badly worded economic statistics.

"The growth in China's industrial output slowed to 8.2 per cent in October, compared to 11.4 per cent a month earlier. "

That sounds like monthly growth rates. Obviously it cannot be, that number is too high. Perhaps it's annualised monthly growth, or perhaps it's annual growth. In actuality this is a 12 month growth rate - a 3.2pp fall in one month, excluding a large base-effect, means growth in October was negative, which should be been mentioned in the article too, but isn't.

Who Hao/Bu Hao'd It?

Similar Stories on HHR

Chinese premier pledges to provide more loans to entrepreneurs, tighten controls on banks - 4 weeks 4 days ago

China's premier pledged to tighten risk controls on its banks and see that they do more to help entrepreneurs to sustain economic growth in the face of a possible global slowdown.

Exports, imports fall as China feels crisis crunch - 3 years 8 weeks ago

China's exports and imports shrank unexpectedly in November as the world's fourth-largest economy hit the brakes in response to the global credit crunch.

Salaries in Beijing, Shanghai, and Guangzhou - 1 week 10 hours ago

A recruitment firm called J.M. Gemini has published the results of a salary survey based on compensation at the firm’s client companies in Beijing, Shanghai and Guangzhou.

The No. 1 Problem of the Chinese Economy - 7 weeks 4 days ago

The statement was more pro-growth than last year's, but most observers just ignored Beijing's bland words. As Zhou Hao of ANZ in Shanghai told Reuters, "We should not read too much into what the government has said, but pay more attention to what it will do."

Chinese leaders fret about unrest as economy sours - 9 weeks 3 days ago

Images of Greek demonstrators rioting over austerity measures and Occupy Wall Street protesters scuffling with police in the U.S. appear to be worrying China's communist leaders.

One of China's most senior officials has acknowledged that the souring global economy has the government on edge.

China softens tone on South China Sea row - 11 weeks 4 days ago

On the back foot after most Asean countries pressed for a discussion on the South China Sea disputes at East Asia Summit, China has said it is willing to work out a code of conduct with them pending settlement of the row.

China's vanishing factory bosses - 13 weeks 5 days ago

No one believed more fervently in China’s economic miracle than the residents of this pretty coastal city, which produces shoes, eyeglasses and cigarette lighters sold around the world. The good times of the past decade made many in Wenzhou rich, and residents repeatedly doubled their bets, pouring their earnings and more into stock markets and real estate.

Want To Short China Now? It's Already Too Late - 17 weeks 2 days ago

At the beginning of this year, shorting China was among the most contentious investment ideas. Now, it is no longer as contentious as it was at the beginning of the year. When the proposition loses a certain degree of contentious nature, it means that those bets are no longer as cheap as they were 10 months ago. Being long in China is risky, but getting into the short now might be just as risky.

Economy on the Edge of a Nervous Breakdown - 17 weeks 2 days ago

"I have been saying since the year began that China is due for a correction, and just last week I told the Globe and Mail that such a correction could be a lot worse than most people expect... For the moment, I’m reminded of that song: Something’s happening here; what it is ain’t exactly clear."

China's Fall, Not Its Rise, Is the Real Global Threat - 17 weeks 5 days ago

China's rise to global prominence has long preoccupied the leaders of the developed world. They should be more concerned about what happens if the country's growth falters. The Chinese economy of cheap labor, easy money, undervalued currency, heavy investment in manufacturing and focus on exports, has built an impressive economic engine may seem unstoppable, but it's got limits.