China will roll out more RRR, rate cuts: StanChart Eric Robertsen, head of global macro strategy at Standard Chartered Bank, says the recent easing has only offset Beijing's intervention in the FX market hence authorities will likely roll out more monetary stimulus.
GLOBAL MARKETS-Asian shares slip as downbeat China PMIs revive growth fears *China factory activity shrinks at fastest pace in 3 years. TOKYO, Sept 1- Asian shares fell on Tuesday and the dollar struggled after twin surveys showed China's manufacturing sector in the grip of its worst slump in several years, raising fresh fears about the health of its economy. China's official Purchasing Managers' Index fell to 49.7 in August from the...
| By: Lisa Twaronite
UPDATE 1-China Aug factory activity shrinks at fastest pace in 3 yrs, services cool BEIJING, Sep 1- Activity in China's manufacturing sector contracted at its fastest pace in three years in August, an official survey showed on Tuesday, reinforcing fears of a sharper slowdown in the world's second-largest economy despite a flurry of government support measures. China's factories continued to suffer from sluggish demand at home and abroad,...
China is growing at 'reasonable' pace despite pressures - Premier Li BEIJING, Aug 30- China's economy is growing at a "reasonable" pace and, despite growing pressure, the government can handle well the risks the country faces, Chinese Premier Li Keqiang said. Li said international market instability "has increased the uncertainties around the global economic recovery, and the impact on China's financial market and imports and...
| By: Dominique Patton
POLL-China's central bank likely to ease policy again by end-Dec Aug 28- China's central bank is highly likely to ease monetary policy again by the end of this year, according to economists surveyed by Reuters, as it seeks to support a rapidly cooling economy and calm financial markets. While prospects of further easing will calm investors who are jittery over the effects a China slowdown could have on global growth, some...
| By: Sumanta Dey
VW Finance sees boost from China reserves policy move *Financing more common in China for foreign and luxury brands. BEIJING, Aug 28- When China's central bank singled out auto financing companies for extra help on Tuesday, it effectively freed up more than 200 million yuan for Volkswagen AG's China finance unit, which it can use to boost falling car sales, a top official said on Friday. Volkswagen Finance Co Ltd is...
| By: Jake Spring
Shanghai closes up 5.4% to reclaim key 3,000 mark Asian shares advanced on Thursday, with China's Shanghai Composite index reclaiming the key 3,000 mark, inspired by Wall Street's biggest one-day gain since 2011 overnight.
| By: See Kit Tang