S&P holds China property market outlook negative

Source: RTTNews
The outlook for the Chinese real estate development sector stayed negative despite some advance in the last six month amid improving liquidity and an increase in sales volumes, S&P said on Wednesday. Property prices in China rose in 35 out of 70 cities in August, an increase was due to interest rate cuts by the People's Bank of China.
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Wed, 19 Sep 2012 08:58:08 GMT

FDI into China falls in August

Foreign Direct Investment in China tumbled in August mainly because of lower inflows from crisis-trapped European Union. FDI dropped 1.4% on year in August to $8.3 billion, the Ministry of Commerce said on Tuesday. During first 9 month of the year, China attracted $75 billion in FDI, down by 3.4%. Meanwhile, outbound investment climbed around 39% to $47.7 billion.

Wed, 19 Sep 2012 09:42:09 GMT

Japan leading index slids in July

Japan's leading economic indicator tumbled for a fourth straight month in July, Cabinet Office said on Wednesday. The leading index dropped to 93 from 94.1 in June. Both July's and June's readings were upwardly revised from 92.8 and 94.1 respectively. Meanwhile, the lagging index slipped to 86.7 in July from 86.8 in the preceding month.

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