A controlled slowdown and signs of rebalancing Although China’s economy growth slowed down, it is the consequence of government active control and there began to show signs of balanced development. China’s rebalancing effort, shifting from reliance on net exports and capital formation to domestic consumer demand, is proceeding. The problems of slowing growth in China[...]

Positive signals Arriving with the downward figures, there were encouraging upward ones. Both the Purchasing Managers Index (PMI) and consumer confidence index picked up momentum in the past few months, indicating the economy was on a path of steady growth. The PMI, a preliminary readout of manufacturing activities, rose in April for the fifth consecutive[...]

BEIJING, May 21 (Xinhuanet) — In the last two weeks, the economic data released by the National Bureau of Statistics have prompted some west media and analysts’ speculation that China’s economy has yet to bottom. However, they neglected some positive signals and the fact that the decelerated growth rate is the anticipated consequence of the[...]

BEIJING, May 10 (Xinhua) — China’s foreign exchange regulator said Thursday it has approved quotas worth a total of 26.01 billion U.S. dollars for 141 qualified foreign institutional investors (QFII) as of Tuesday. The State Administration of Foreign Exchange (SAFE) said on its website that it approved quotas worth 570 million U.S. dollars for five[...]