
China Tech Boom Fuels August Factory Output as Domestic Spending Stalls
A worsening property market downturn and investment slump reinforced concerns over economic imbalances in the world’s second-largest economy.
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12 stories in this topic

A worsening property market downturn and investment slump reinforced concerns over economic imbalances in the world’s second-largest economy.

Price growth excluding fresh food ran below the 2 per cent target for an eighth consecutive month in August while underlying demand pressures reached 1.9 per cent.

The US Dollar Index pushed past 100 as Asian currencies slid following monetary tightening in Washington.

The country’s annual trade surplus topped $800 billion as Beijing policymakers face mounting pressure to deliver new economic stimulus.

A seven to three majority vote keeps Pakistan’s key rate steady as headline inflation climbed to 11.1 per cent in August.

The sharper-than-expected decline marks eight straight months of contraction as households cut back on food and transport.

Japan spent a record $96.4 billion over the past month defending the yen ahead of the Bank of Japan’s policy decision on September 18.

Electricity and gas tariffs jumped 8.7 per cent in July, reversing a prior contraction and lifting Singapore headline inflation to 2.2 per cent.

Regulators order local authorities to prioritise finished housing projects over presales while opening new loan and restructuring channels for developers.

Foreign funds bought 9.5 billion yuan of Chinese sovereign debt in July for a third straight month as weak domestic consumer spending and factory output fuel rate-cut expectations.

The 25-basis-point increase comes despite second-quarter economic growth slowing to 2.3 per cent.

A magnitude 7.1 earthquake in Kumamoto and severe flooding in Chiba prompted the Cabinet Office to flag supply chain risks while keeping consumer spending estimates steady.
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