China is losing competitiveness to lower-cost producing countries like Vietnam and Indonesia, which is pressurizing its manufacturing sector, says Stanley Szeto, Chairman & CEO of Lever Style.» Read More
Following a year tainted by heightened economic uncertainty, the world's second largest economy is setting itself up for a positive 2013, say analysts, pointing to China's latest economic data and stellar equity market performance.
The slowdown in euro zone factory activity deepened in December as new orders tumbled, a business survey showed on Wednesday, suggesting the economy may have slipped further into recession in the last quarter of 2012.
South Korea's manufacturing sector expanded in December for the first time in seven months but new export orders fell, a private survey showed on Wednesday, underscoring a still fragile recovery in Asia's fourth-largest economy.
Steven Sun, Head of China Equity Strategy, HSBC believes Chinese markets will fare well in 2013 in line with the accelerated pace of reform and economic growth recovery.
Annual growth of China's industrial profits quickened to 22.8 percent in November from October's 20.5 percent, official data showed on Thursday, reinforcing signs of a steady economic recovery thanks to pro-growth policies.
Thai exports in November rose nearly 27 percent from a year earlier, as expected due to flooding in late 2011, and global demand remains soft, which means the country's policy rate is likely to stay low to help the export-driven economy.
ArcelorMittal, the world's biggest steelmaker, will sell a $1.1 billion stake in a Canadian iron ore mine operator to a consortium that includes South Korean steelmaker POSCO and Taiwan-listed China Steel Corp, China Steel said in a statement.
Toyota Motor expects its global production to hit 8.7 million vehicles in 2013, nearly the same as the 8.74 million vehicles it expects to have produced in 2012, the Japanese automaker said on Wednesday.
China's factory activity in December probably expanded at its fastest pace in eight months, reinforcing signs of a steady recovery in the world's second-largest economy underpinned by pro-growth policies.
Poor Japanese manufacturing data on Friday gave new Prime Minister Shinzo Abe more ammunition to push for big spending and easy money to salvage the world's third largest economy from decades of deflation and its fourth recession since 2000.
China Rongsheng Heavy Industries Group, China's largest private shipbuilder, issued a surprise warning that it expects to post an annual net loss for 2012 on sharp declines in orders and prices of new vessels after the shipping industry took a downward turn during the year.
Manufacturing activity in Asia expanded in December as China's economy showed signs of revival but export demand was uneven, pointing to further sluggish growth for the region, business surveys suggest.
The Japanese government plans to spend up to 1 trillion yen ($11.6 billion) to buy machinery and factories from domestic manufacturers in a bid to strengthen Japan industrial competitiveness by providing funds for new corporate investments, the Nikkei business daily said on Monday.
Activity in China's vast manufacturing sector hit its fastest pace in December since May 2011, a survey of private factory managers showed, with a sub-index for new orders pointing to continued strength in the new year.
Rich Chinese are buying bicycles that cost more than the average citizen makes in three years, motivated by nostalgia for the days when two wheels were the primary means of transport.
Toyota Motor has been ordered to pay a record fine of $17.35 million for failing to report a safety defect to the U.S. government in a timely manner, the U.S. Department of Transportation said.
Manufacturing grew at its swiftest pace in eight months in December, buoyed by increases in domestic and overseas demand.
Manufacturing in New York state declined for a fifth straight month in December as new orders shrank and the labor market remained weak, a report showed on Monday.
New crash tests show less expensive midsize cars are safer than many luxury midsize cars.