China's manufacturing sector may contract for a third straight month in September to mark the longest shrinking streak since 2009. A preliminary purchasing managers index by HSBC of 49.4 showed indicators for export orders and output declined in the country.
China will launch three sets of rules to supplement its antitrust law this year and next, said Shang Ming, director of the antimonopoly bureau of the Ministry of Commerce. Coca-Cola's (NYSE: KO) failed takeover bid of Huiyuan Juice (HKG: 1886) became the only victim of China's antitrust law since it was promulgated in August 2008. In the first eight months of this year, 142 cases were filed and 118 were accepted.
China will introduce new emissions standards for coal fired power plants on January 1, 2012, according to a joint announcement by the Ministry of Environmental Protection and the General Administration of Quality Supervision, Inspection and Quarantine. Experts estimate the new standards will generate a ¥260 billion market for removal of nitrates, sulfur and dust technologies.
Bank loans made in China during 1H 2011 were 173% of the nation's gross domestic product over the period, well above the average level of developing economies, an IMF report warned.
China's airline carriers will need 4,700 new aircraft value at $500 billion over the next 20 years, according to report by Commercial Aircraft Corp of China.
The number of 3G service users in China is expected to reach 125 million by the end of this year, Ticonderoga Securities analyst Brian White predicted.
Turmoil in global financial markets may be spurring a surge in flows of speculative capital into China as investors bet on the nation's growth and prospects for gains in the Chinese currency, Bloomberg reported. Financial institutions' Renminbi positions, accumulated from purchases of foreign exchange by the central bank, had a net gain of ¥376.94 billion in August, 72% more than in July and the biggest increase in five months, Central Bank data showed. Inflows of capital may complicate Central Bank efforts to tame inflation and limit the risk of asset bubbles in the real estate market.
$1 = ¥6.37