China PMI drops sharply; Asia markets sell off The preliminary China Caixin PMI dropped to a 15-month low in July, with analysts saying the outlook may have been derailed by the mainland's recent stock market crash and weak demand for exports.
| By: Leslie Shaffer
POLL-More policy easing seen in China to lift sputtering economy *China c.bank seen cutting rates by 25 bps this year- poll. *China economy expected to grow 7 pct this year. BEIJING, July 23- China looks set to further reduce interest rates and the amount of cash that its banks must hold as reserves to keep its economy growing at 7 percent this year, the slowest pace in a quarter of a century, a Reuters poll showed.
INSTANT VIEW -China GDP grows 7.0 pct y/y in Q2, above forecasts BEIJING, July 15- China's economy grew 7.0 percent in the second quarter, slightly above expectations. Economists polled by Reuters had expected China's gross domestic product to rise 6.9 percent in April-June compared with a year ago. YE BINGNAN, MACRO ANALYST, BOC INTERNATIONAL, BEIJING.
UPDATE 2-China bank lending up sharply in June, helped by c.bank support *FX reserves fall by $40 bln in second quarter. BEIJING, July 14- China's banks made 1.28 trillion yuan in new loans in June, handily topping market expectations, while broad money supply growth quickened last month, thanks to the central bank loosening policy to support the slowing economy. The June loan data was announced a day before China unveils its...
| By: Winni Zhou and Kevin Yao
China consumer inflation picks up in June China consumer prices picked up moderately in June, however wholesale prices remained entrenched in deflation, a sign of continued slack in the world's second largest economy.
| By: Ansuya Harjani