Employers in the U.S. probably expanded payrolls in April by the most in five months, adding to evidence the world’s largest economy is springing back from a weak start to the year.
An official from China’s statistics office is under investigation for leaking economic indicators as the world’s fastest-growing major economy seeks to curb early disclosure of market-moving data.
Chinese industrial companies’ profits jumped 82 percent in the first five months of 2010, underscoring the strength of an economic comeback that is prompting officials to wind back stimulus measures.
Syndicated loans to Chinese companies are poised for their best quarter in two years, after a cash crunch curbed expansion in the bond market.
China’s stocks rose for a third day before the release of trade data tomorrow, as gains by consumer staples producers and property developers overshadowed losses by drug and technology companies.
China’s export growth may slow over the rest of the year to less than half the pace of the first six months, a government agency forecast.
China’s wage gains have moderated on weaker corporate profits, capping consumer demand as the government seeks to sustain a rebound after a seven-quarter economic slowdown.
Chinese Premier Wen Jiabao’s pledge to focus more on bolstering growth spurred speculation the government will step up efforts to combat a slowdown in the world’s second-largest economy.
China’s consumer prices rose 5.3 percent in April from a year earlier, exceeding the government’s full-year target for a fourth straight month.
Kang Man Soon wept on the day 15 years ago that she gave her gold wedding ring to the government, joining the millions who donated heirlooms to boost South Korea’s reserves during the Asian financial crisis.
"Improved global demand has modestly lifted production and exports; domestic demand has been resilient, helped by upbeat consumers."
- Alaistair Chan on Apr 26, 2014