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Business 4 years ago
China's factory prices rise at fastest pace since August 2008
The producer price index (PPI) rose 9.5 percent from a year earlier in August, the National Bureau of Statistics (NBS) said on Thursday, faster than the 9.0 percent increase tipped in a Reuters poll and the 9.0 percent reported in July.
Business 5 years ago
China's factory activity slows slightly in May as raw materials costs surge
The official manufacturing Purchasing Manager's Index (PMI) inched lower to 51.0 in May from 51.1 in April, data from the National Bureau of Statistics (NBS) showed on Monday, but remained above the 50-point mark that separates growth from contraction.
Business 5 years ago
Hitachi to launch hydraulic shovel parts recycling factory in Indonesia
The Japanese company said Thursday the factory with a floor space of 900 square meters is currently under construction in the premises of the No. 1 plant of its local subsidiary, PT. Hitachi Construction Machinery Indonesia, in Bekasi, east of Jakarta.
Business 5 years ago
Asia's factory recovery picks up but cost pressures emerge
A series of upbeat factory surveys released on Thursday reinforce market optimism that vaccine rollouts, as well as strong growth in global powerhouses like the United States and China, will help economies emerge from their sharp downturns of 2020.
Business 5 years ago
China factory prices see first rise in a year
Factory prices rose in China for the first time in a year last month as the country's vast industrial sector leads a recovery from the virus pandemic, with analysts hailing the data as a turning point for the world's number two economy.
