Asia Economy

China’s battered stock market has slumped to its lowest level in 3-1/2 years this week and the selling appears to be relentless, but analysts tell CNBC that Chinese shares are not on the verge of a 2008-style market collapse.

The latest batch of weak economic data from China is piling pressure on Beijing to act fast to shore up an economy that is slowing faster than expected, but experts say there are plenty of reasons why any stimulus might not come soon.

Deteriorating economic indicators out of Australia and its largest trading partner China are building the case for further monetary easing in the resource-driven nation, still economists say the country’s central bank is likely to hold its fire when it meets on Tuesday. 

Deteriorating economic indicators out of Australia and its largest trading partner China are building the case for further monetary easing in the resource-driven nation, still economists say the country’s central bank is likely to hold its fire when it meets on Tuesday. 

As many developed nations in the West struggle to keep their economies out of a recession, Australia is expected to report a 3.6 percent year-on-year rise in its gross domestic product (GDP) for the April to June period. But economists warn the days of robust growth for Australia - often called the “lucky country” for its natural resources - could be numbered.

A growing stack of gloomy economic numbers from China has triggered a concern that China’s policymakers may be taking their eye off the ball when it comes to the economy, especially as officials prepare for a once-a-decade leadership transition.

China's banking stocks traded mixed on Tuesday following a media report that the regulator had raised capital requirements for the largest lenders.