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China home prices pick up pace in April despite curbs

May 18, 2017 BEIJING (Reuters) – Home prices in China rose 0.7 percent in April, barely faster than the 0.6 percent increase in March, following tougher curbs aimed at driving speculators out of what had been a red hot market. Compared with a year ago, new home prices in China’s 70 major cities rose 10.7 percent in April, moderating from 11.3 percent in March, according to Reuters calculations based on data issued by the National Bureau of Statistics (NBS) on Thursday. Analysts say accelerated prices gains were likely supported by…

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China April factory output, investment growth miss forecasts

May 15, 2017 BEIJING (Reuters) – China’s factory output and fixed asset investment growth cooled more than expected in April, adding to signs that momentum in the world’s second-biggest economy is slowing from a strong start in the first quarter. Factory output rose 6.5 percent in April from a year earlier, while fixed-asset investment grew 8.9 percent in the first four months of the year, both worse than expectations. The soft activity data, combined with weak manufacturing sector growth and slowing producer prices inflation, reinforced analysts’ view that China’s economic…

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China’s factory prices slow further as manufacturing, commodities cool

May 10, 2017 By Elias Glenn BEIJING (Reuters) – China’s April producer price inflation cooled more than expected in a sign manufacturing activity may be losing momentum along with other sectors of the economy as domestic demand remains muted and the government cracks down on financial risks. Prices for raw materials fell in April from the previous month, pressured by fears that domestic demand will not be strong enough to absorb surging factory output that rose the most in more than two years in March. A renaissance in China’s steel…

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China April manufacturing activity expands in April, official PMI falls from previous month

April 30, 2017 BEIJING (Reuters) – Growth in China’s manufacturing sector slowed in April, an official survey showed on Sunday, as producer price rises lost steam and authorities moved to tackle risks in the property market and credit growth. The official Purchasing Managers’ Index (PMI) stood at 51.2 in April, compared with the previous month’s reading of 51.8 and above the 50-point mark that separates growth from contraction on a monthly basis. Analysts polled by Reuters predicted a reading of 51.6. (Reporting by Sue-Lin Wong; Editing by Sam Holmes) The…

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