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World Bank backtracks on China criticism

Last Updated: Friday, July 17, 2015, 17:12

The World Bank Friday refuted claims that it withdrew a report critical of China's financial sector under pressure from the Chinese government and said the economic fundamentals of the country are sound despite the recent equity market volatility.

World financial fears keep Asian firms in holding pattern: Survey

Last Updated: Wednesday, June 24, 2015, 11:15

Companies in India recorded the steepest fall in confidence, logging 84 from 97 in the previous quarter, as fervour over the election of pro-business Prime Minister Narendra Modi last year gives way to anxiety about whether two rate cuts this year can reignite a sluggish economy.

China's FDI up 7.8% in May

Last Updated: Thursday, June 18, 2015, 10:30

Foreign direct investment (FDI), which excludes financial sectors, increased to $9.33 billion last month, the commerce ministry said, after a 10.5 percent year-on-year rise in April.

Chinese leader calls for innovation as economic growth slows

Last Updated: Thursday, May 28, 2015, 22:07

The TV coverage of Chinese President Xi Jinping's recent visit to an eastern province was Thursday a tour de force of Communist propaganda, showcasing what's seen as an emerging cult of personality around the country's strongest leader in decades.

Loan recovery eludes India's banks, even as growth rate beats China

Last Updated: Monday, May 25, 2015, 09:23

A recovery in India`s credit growth could elude the country`s banks until early 2016, despite an economy that in the first three months of this year is expected to have outpaced China.

India economic growth to surpass China's in 2015-16: UN report

Last Updated: Wednesday, May 20, 2015, 00:33

The mid-year update of the UN World Economic Situation and Prospects (WESP), released today, said India's economy is projected to grow by 7.6 per cent this year and 7.7 per cent in 2016, overtaking China.

China's manufacturing activity hits 12-month low

Last Updated: Thursday, April 23, 2015, 09:26

An index of China`s manufacturing activity fell to a 12-month low in April, HSBC said Thursday, indicating further weakness as growth sputters in the world`s second-largest economy.

Hong Kong stocks up 0.28% by break

Last Updated: Wednesday, April 22, 2015, 09:48

Hong Kong shares rose 0.28 percent in the morning session Wednesday, tracking an advance in Shanghai as investors bet on further economy-boosting measures by China.

Xi says shuns fixation on GDP as Chinese economy slows

Last Updated: Saturday, March 28, 2015, 17:45

With the slowing Chinese economy causing ripples at home and abroad, President Xi Jinping on Saturday said focus should not be fixated on growth rates alone but on the quality of growth.

Hong Kong stocks end 0.13% down

Last Updated: Thursday, March 26, 2015, 13:51

Hong Kong stocks ended 0.13 percent lower Thursday following hefty losses on Wall Street, but Shanghai resumed its latest rally on hopes for stimulus measures for the Chinese economy.

Hong Kong stocks end up 0.91%, Shanghai surges

Last Updated: Wednesday, March 18, 2015, 14:41

Hong Kong shares climbed 0.91 percent Wednesday, tracking another rally in Shanghai on hopes of further measures to stimulate the Chinese economy.

Chinese economy more sustainable now: China central bank

Last Updated: Wednesday, February 11, 2015, 08:16

China`s economy is now more sustainable and domestic consumption is steadily rising, Chinese Central Bank Vice Governor Yi Gang told a G20 meeting of finance officials earlier this week.