China
Ascendas REIT acquires business park within the Haidian district in Beijing
Ascendas REIT acquires business park within the Haidian district in Beijing
The property was acquired from a related party of its sponsor, the Ascendas China Industrial and Business Park Fund, for RMB 300m.
China’s manufacturing PMI stable at 49.95 in September
This is a bit better than August’s 49.91, as the slowdown in China's manufacturing sector is showing signs of stabilizing.
AsiaPac M&A volume hits record volume of US$449.1b
And China is still the most targeted nation with US$103.5 billion or 30.5% of Asia Pacific-target M&A.
China is on a self-imposed credit crunch, says analyst
This self-imposed credit crunch increases the risk of default and drives supply into offshore bond markets, says Morgan Stanley.
China’s flash manufacturing PMI dips to 49.4 in September
HSBC says the country won’t suffer a hard landing yet as exports growth has expanded over 20% despite the weaker external demand.
Property price hikes unstoppable in China
As new home prices rose in all 70 cities for the first time this year.
Testing times: Hard landing looms for Asia Pac economies
But China could maintain its record of high single-digit growth for several years if it steps up its reform program.
China’s exports hit a four-month high at 24.5% in August
The country’s imports growth also surged to a seven-month high at 30.2% y-o-y in August.
China’s industrial production plunges to three-month low of 13.5% in August
Production activities of heavy industries dropped from 14.5% in July to 13.5% in August.
China’s inflation surges 6.2% in August
Food inflation moderated to 13.4%, while nonfood inflation accelerated to 2.9%.
Chinese government debt worrisome at 42.9% of GDP
However, the main problem is that the local government debt is much higher than the central government debt.
83% of fund managers bullish on Asian bonds
And over half of fund managers are bullish on Greater China equities as expectations of monetary tightening and inflationary hikes draw to an end.
China’s services PMI plunges to 6-year low of 50.6 in August
HSBC says this reflects the effect of property and credit tightening measures.
Half of Asia’s millionaires to come from China by 2015
Julius Baer says the wealth of China’s millionaires will reach a whopping US$8.76 trillion four years from now.
China’s manufacturing PMI grows to 49.9 in August
HSBC says this is the first time it rose in three months.
Asia’s GDP growth to slow down to 6.9%
UBS says the growth of small Asian economies will likely ease towards 3% next year.
China may have 9% GDP growth in 2012
And annual average of CPI inflation could be 4%.
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