Taiwan’s Jan-Sept exports to mainland up 10.5 pct -- Taiwan's exports to the mainland, with Hong Kong included, expanded by 10.5 percent year on year to 102.83 billion U.S. dollars in the first three quarters, according to the island's finance authority on October 8. From January to September, Taiwan's total exports reached 250.1 billion U.S. dollars, up 8.1 percent from a year earlier, while imports increased 11.9 percent to 213.42 billion U.S. dollars.
China's forex reserves edge down in September -- China's foreign exchange reserves stood at 3.087 trillion U.S. dollars in September, down 22.7 billion U.S. dollars from a month earlier, according to data from the People's Bank of China on October 7.
China to cut requirement reserve ratio by 1 percentage point -- The People's Bank of China (PBOC) decided on October 7 to cut the requirement reserve ratio (RRR) for RMB deposits by one percentage point starting from Oct. 15. Some of the liquidity unleashed will be used to pay back the 450 billion yuan of the medium-term lending facility that will mature on Oct. 15.
China's 2017 government procurement up 24.8 pct -- China's government procurement jumped 24.8 percent year on year to 3.21 trillion yuan (about 467.6 billion U.S. dollars) in 2017, official data showed. The figure is equivalent to 12.2 percent of the country's fiscal expenditures, or 3.9 percent of GDP, according to the Ministry of Finance (MOF). Both percentages rose from a year ago. The growth rate for government procurement in 2016 was 22.1 percent.
China RQFII quota at 640 bln yuan -- The quota in the RMB Qualified Foreign Institutional Investors (RQFII) program came in at 640.2 billion yuan (about 93.2 billion U.S. dollars) as of Sept. 29, according to the State Administration of Foreign Exchange (SAFE). The amount was up 12.7 billion yuan from the previous month, said SAFE.
China's central SOEs see profit surge in first 7 months -- China now has 96 central SOEs, down from 196 in 2003, as the central government has restructured central SOEs to improve their efficiency and competitiveness. From January to July, the 96 companies posted a total profit of 1.05 trillion yuan (about 152.8 billion U.S. dollars), up 23.9 percent year on year, according to the State-owned Assets Supervision and Administration Commission (SASAC). Business revenue of the firms reached 16 trillion yuan in the first seven months, up 10.6 percent year on year, according to the SASAC.
Taiwan manufacturing expansion slows in September -- Taiwan's purchasing managers' index for the manufacturing sector dropped 2.1 points from August to 53.9 in September, a Taipei-based think tank has said. A PMI above 50 indicates expansion, while below reflects contraction. The expansion in September was the slowest since February 2017, according to the Chung-Hua Institution for Economic Research (CIER).
China's manufacturing activity expands slower in September -- China's manufacturing sector expanded at a slower pace in September, official data showed on September 30. The country's manufacturing purchasing managers' index came in at 50.8 in September, narrowing from 51.3 in August, according to the National Bureau of Statistics (NBS). A reading above 50 indicates expansion, while a reading below 50 reflects contraction.
China's non-manufacturing sector expands faster in September -- China's non-manufacturing sector expanded at a faster pace in September, official data showed on September 30. The purchasing managers' index for the sector came in at 54.9 in September, up from 54.2 in August and 54 in July, the National Bureau of Statistics (NBS) said. A reading above 50 indicates expansion, while a reading below reflects contraction.
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