Econintersect:China’s official manufacturing PMI report held steady at 50.6 in 
December, while the final HSBC report came in at 51.5, the highest reading in 19-months. The official services PMI rose to 56.1, up from 55.6 in December and from a two year low of 53.7 in August.
PMI data obtained from multiple reports by Reuters: Here, here and here.) Past news and more details about China PMI is available at GEI News.
Read More on China today:
China’s Hanlong Group intends to take over Australian mining company Sundance early next year and gain control over a key supply of iron ore in Africa, state media reported on Saturday.TO GET some idea of the scale of Foxconn’s Longhua campus in Shenzhen, in southern China, a visit to its massive central kitchens is all that is needed. They lie at the heart of this sprawling complex of factories, dormitories, sports facilities, banks and stores built by the secretive Taiwanese-owned firm…
Markit’s flash manufacturing PMI data, which cover the world’s three largest goods-producing economies, indicate that global manufacturing is showing renewed signs of life.
China on Friday announced its export quota for rare earth resources for the first half of next year amid declining prices and weak demand in the global market.
WorldcrunchChina Must Take A Harder Line With North Korea’s Nuclear ProvocationsWorldcrunchBEIJING – Despite strong opposition from the international community, North Korea went ahead with its planned use of a long-range rocket to launch a satellite. As the North Koreans were cheering the successful Dec…
Technology giant Apple has been ordered to pay compensation to eight Chinese writers and two companies for selling unlicensed books online, state media reported.A state think tank expert has forecast China’s GDP growth next year will exceed 8 percent and he projected consumer inflation increase to be higher than this year.
America will enjoy a fourth consecutive year of growth in car sales in 2013, predicts IHS, a research firm. India and China will have further strong rises—though not at the double-digit rates seen until 2010. Brazil and Britain will suffer reverses. The end of subsidies to car buyers will lead to a slump in Japan, just as its carmakers’ output recovers from the 2011 tsunami…
China’s manufacturing economy grew at the fastest rate for 14 months in December, with promising signs that growth will continue to accelerate.
China’s Chengdu aiming to be world’s next Silicon ValleyKhaleej TimesEntrepreneurs in China’s southwest are dreaming of turning the city of Chengdu into the world’s next Silicon Valley as the government encourages more investment outside the booming coastal regions. Small startups as well as big-name western companies …
THANKS to apartheid, broken job markets and monopolistic mining, South Africa is one of the most unequal countries in the world. The top 10% of households pocketed 58% of the income in 2008, according to researchers at the University of Cape Town. The country’s Gini coefficient, which measures inequality on a scale of 0 to 1, was 0…
by Michael Pettis
The IMF’s II Houng Lee, Murtaza Syed, and Liu Xueyan have published a very interesting and widely noticed study called “Is China Over-Investing and Does it Matter?” In it they argue that there is strong evidence that China is overinvesting significantly. According to the abstract: Now close to 50 percent of GDP, this paper assesses the appropriateness of China’s current investment levels…
Cambodia on Friday gave the green light to construction of its first oil refinery, a multi-billion-dollar Chinese-backed project, as the kingdom looks to tap its untouched offshore reserves.
