China’s weakening exports and deepening real estate market downturn will eventually hurt its banks, a senior regulator said in remarks published on Monday.
Yan Qingming, Shanghai bureau head of the China Banking Regulatory Commission, told the Financial News that it usually took 6-12 months for slowing export growth to be reflected in corporate earnings and a [...]
Amid industry-wide closures, shoemaker Betta Footwear Factory is seeking to buck the trend by focusing on the domestic and online markets.
Tags: export, exports
China’s oil refiners suffered losses of more than 120 billion yuan (US$17.58 billion) in the first nine months, says the China Petroleum and Chemical Industry Association.
The global financial turmoil and economic downturn in the third quarter had a negative impact on the country’s oil and chemical industries, CPCIA said in a report on Wednesday.
Tags: coal, [...]
Refined silver output in China, the world’s third biggest producer, has peaked and may stop growing as producers halt expansion because of higher costs, lower prices and reduced incentives, an industry official said.
Rising costs of labor and higher taxes on exports have reduced producers’ margins, Zhou Juqiu, chairman of the gold and silver division at [...]
Gao Yuping, along with many laid-off workers, perused job postings on the walls of a closed toy factory in Dongguan, China’s major toy export base.
Not satisfied with the wages offered, Gao and his wife decided to end their stint as migrant workers in this city in China’s southern province of Guangdong and go home to [...]
The China International Industry Fair began yesterday in Shanghai against a backdrop of the global slowdown and a desire to find a way for China and its manufacturers to dodge the economic gloom.
But the mood was upbeat, and experts said the global slowdown should present more opportunities than challenges for China.
Tags: export, exports, Fair, Show, [...]
