Caixin

China factory activity accelerated in December: Caixin

Beijing - Muslimchronicle

Chinese factory activity accelerated in December, according to independent data released Tuesday, a positive indicator for the world's second-largest economy to kick off the new year. The Caixin Purchasing Managers Index (PMI) -- an indicator of conditions at small manufacturers -- rose to 51.5 in December, up from 50.8 in November and the highest reading since August. The official PMIRead more

Troubled China tech giant LeEco confirms assets frozen

Shanghai - AFP

Assets linked to Chinese tech giant LeEco have been frozen in a dispute with a creditor, a unit of the troubled company has confirmed, highlighting its perilous financial state. Chinese financial magazine Caixin first reported Monday that a Shanghai court had ordered the freezing of 1.237 billion yuan ($182 million) in assets connected to LeEco, its subsidiaries, and billionaire founderRead more

China manufacturing accelerates at fastest for 4 years

Beijing - AFP

China's manufacturing activity expanded at its quickest pace in nearly four years in December, an independent research firm said on Tuesday, in a sign of improving health for the world's second-largest economy. The private Caixin Purchasing Managers' Index (PMI), an indicator of conditions at smaller manufacturers, beat expectations with a reading of 51.9 in December, up from 50.9 the previousRead more

China Caixin manufacturing PMI slips to 49.2

Beijing - XINHUA

The Caixin General China Manufacturing Purchasing Managers' Index (PMI), an indicator of factory activity based on a private survey, fell to a three-month low of 49.2 in May. The reading, released on Wednesday after research by financial information service provider Markit sponsored by Caixin Media, was down from 49.4 in April and 49.7 in March, signalling a marginal deterioration inRead more

China's service sector growth slows in April

Beijing - QNA

April saw a modest rise in Chinese service sector activity, with the pace of expansion easing slightly from March, survey results showed on Thursday. The Caixin China General Services PMI (Purchasing Managers' Index), produced by financial information service provider Markit and sponsored by Caixin Media, came in at 51.8 in April, down from 52.2 in March, according to China'sRead more

China's service sector activity drops in April

Beijing - XINHUA

Business activity in China's service sector dropped slightly in April, a private survey showed on Thursday. The Caixin China General Services PMI (Purchasing Managers' Index) came in at 51.8 in April, down from 52.2 in March, according to the survey conducted by financial information service provider Markit and sponsored by Caixin Media Co., Ltd. A reading above 50 indicates expansion,Read more

China's service sector growth slows in April

Beijing - XINHUA

Singapore stocks end down amid China's manufacturing data

Singapore - XINHUA

Singapore shares closed 0.96 percent lower on Tuesday, as investors were cautious following the release of China's manufacturing data. China's manufacturing sector showed further signs of slow down, as a gauge of the sector's purchasing managers' index in April by Caixin drops to 49.4, which was below market estimation. Singapore's benchmark Straits Times Index fell 27.32 points to 2,811.2 points.Read more

Caixin China manufacturing PMI edges down to 49.4

Beijing - XINHUA

The Caixin General China Manufacturing Purchasing Managers' Index (PMI), an indicator of manufacturing activity, edged down to 49.4 in April, a private survey showed on Tuesday. The reading was fractionally down from 49.7 in March, signalling marginal deterioration in operating conditions, according to the survey conducted by financial information service provider Markit and sponsored by Caixin Media Co. Ltd. ARead more

Caixin China manufacturing PMI edges down to 49.4

Beijing - XINHUA

The latest Caixin General China Manufacturing Purchasing Managers' Index (PMI), an indicator of manufacturing activity, edged down to 49.4 in April. The private survey, conducted by financial information service provider Markit and sponsored by financial media group Caixin, produced a reading on Tuesday fractionally down from 49.7 in March and below the market forecast of 49.8, signalling marginal deterioration inRead more