China Real Time News items

• OVERNIGHT: CHINESE FEB. EXPORTS RISE 45.7% Y/Y; IMPORTS RISE 44.7% Y/Y -- HIGHER-THAN-FORECASTPosted:10/03/2010 6:12 GMT by NeedToKnowNews
• UPDATE: People's Bank of China raises banks' reserve requirements by 50bpsPosted:12/02/2010 9:54 GMT by NeedToKnowNews
  The People's Bank of China (PBC) raised banks' reserve requirements by 50 basis points, its second increase for 2010, according to wire reports. The PBC surprised markets on January 12 by raising the requirement, also by 50 bps.
• CHINA RAISES RESERVE REQUIREMENTS BY 0.5PPTS -- REPORTSPosted:12/02/2010 9:46 GMT by NeedToKnowNews
• China Central Bank: To target about 17% of M2 growth in 2010Posted:11/02/2010 9:45 GMT by NeedToKnowNews
• China's central bank: Recovery not yet on solid footing -- reportsPosted:11/02/2010 9:44 GMT by NeedToKnowNews
• China Central bank: Maintain appropriately loose monetary policy -- reportsPosted:11/02/2010 9:40 GMT by NeedToKnowNews
• OVERNIGHT: China Jan. exports drop 16.3% m/m, rise 21% n.s.a. y/y, imports fall 15.1% m/m, surge 85.5% n.s.a y/yPosted:10/02/2010 7:18 GMT by NeedToKnowNews
• UPDATE: China manufacturing data adds to fears of tighteningPosted:01/02/2010 10:01 GMT by NeedToKnowNews
  The HSBC China January manufacturing PMI, as compiled by Markit, rose overnight to a record high at 57.4 from 56.1 in the previous month. This marks the tenth monthly rise and might add to fears that Chinese officials will engage in tightening policies in order to prevent the economy from overheating. Hongbin Qu, Chief Economist for China at HSBC said that
• OVERNIGHT: HSBC's China Jan. PMI rises to record 57.4 from 56.1 in Dec.Posted:01/02/2010 6:48 GMT by NeedToKnowNews
• China's CBRC: Banks should lend according to capital base -- reportsPosted:18/01/2010 10:36 GMT by NeedToKnowNews
• OVERNIGHT: Chinese CB raises 3-mth repo rate by 3 bp to 1.36%Posted:07/01/2010 6:58 GMT by NeedToKnowNews
• Markit says Chinese service input, output prices rose fastes since Jul. 2008Posted:06/01/2010 8:10 GMT by NeedToKnowNews
• OVERNIGHT: Chinese Dec. Markit service PMI rose to 57.7 from 57.4 in Nov. -- 3-mth highPosted:06/01/2010 8:09 GMT by NeedToKnowNews
• WTO upholds decision that China is illegally restricting US film and music imports --CNBCPosted:21/12/2009 15:56 GMT by NeedToKnowNews
• Beijing to act to control property prices, curb speculation -- ReportPosted:14/12/2009 10:35 GMT by NeedToKnowNews
  Govt. to use land, finance and tax measures
  
• Chinese trade min: 2010 GDP growth could be around 8% -- reportPosted:27/11/2009 10:37 GMT by NeedToKnowNews
• China FinMin: Confident of 8% growth -- ReportPosted:12/11/2009 8:38 GMT by NeedToKnowNews
• China's seasonally adj. GDP for first three quarters up 8.7% y/y -- reportPosted:30/10/2009 8:20 GMT by NeedToKnowNews
• China's central bank: CPI to rebound at end of this yearPosted:30/10/2009 8:19 GMT by NeedToKnowNews
• China's central bank: GDP growth to exceed 8% in 2009 -- reportPosted:30/10/2009 8:19 GMT by NeedToKnowNews
• China: Policy will focus more on quality of recovery, seen as slow and bumpy -- radio reportsPosted:21/10/2009 11:28 GMT by NeedToKnowNews
• Chinese M2 Sept money supply 29.3% higher y/yPosted:14/10/2009 8:51 GMT by NeedToKnowNews
• China to maintain appropriately loose monetary policy next year -- reportPosted:17/09/2009 8:29 GMT by NeedToKnowNews
• China will contribute $40bln to IMF --UK PM BrownPosted:10/07/2009 8:50 GMT by NeedToKnowNews
  China has agreed to contribute $40bln to the IMF, giving it a voice in future IMF issues. The Chinese also agreed to fight protectionism while the G-20 offered to eradicate tax havens and increase scrutiny of financial markets including the regulation of rating agencies and hedge funds.
• Overnight: Chinese exports slump in FebPosted:10/07/2009 6:16 GMT by NeedToKnowNews
  Chinese exports dropped 25.7% year on year in February amid weak foreign demand. That result pulled the country's trade surplus down to a three-year low of just $4.8bln, from $39.1bln in January.
• China Posts Record Nov Trade Surplus of $40.1blnPosted:17/07/2009 4:25 GMT by NeedToKnowNews
  The surplus was $35.2bln in October.
• China Commerce Minister: Exchange Rate is Still StablePosted:14/07/2009 8:51 GMT by NeedToKnowNews
  The comments come amid speculation Hank Paulson, US Treasury Secretary, will ask Beijing not to let the renminbi fall in value.