Today: CHINA Economy News, Aug 16, 2011

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Aug 16, 2011

CHINA Economy News, Aug 16, 2011


Taiwan arms sales, economy shadow Biden's trip to China
Washington Times
**FILE** Vice President Joseph R. Biden Jr.
By Shaun Waterman Vice President Joseph R. Biden will not negotiate US arms sales to Taiwan when he visits China this week, White House officials said Monday, declining to comment on a report that the Obama administration has decided against selling ...
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Van Ark Says China Economy Moderating `Significantly'
Washington Post
16 (Bloomberg) -- Bart van Ark, chief economist of The Conference Board, talks about the outlook forChina's economic growth. Growth in China, the world's second-biggest economy, is slowing "significantly," according to The Conference Board, ...
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Mass.-based Evergreen Solar files for Chapter 11 bankruptcy, plans to cut ...
Washington Post
It cited the severe economic downturn and far cheaper labor costs at its manufacturing facility inChina. State officials say Evergreen Solar has been awarded more than $20 million in grants and $11 million in tax and lease incentives since 2008. ...
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China Direct Industries Reports Financial Results for the Third Quarter of ...
MarketWatch (press release)
The impact on future inflation in the PRC on economic activity in the PRC. -- The impact of any natural disasters and health epidemics in China. -- The impact of labor laws in the PRC may adversely affect our results of operations. ...
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China may seek over $15 mln from ConocoPhillips, CNOOC after spill
Reuters
Citing unnamed sources, the Economic Information Daily said government officials were working on plans to deal with the ongoing spill at the Penglai 19-3 oilfield, China's biggest offshore oil field. ConocoPhillips China, a subsidiary of Houston-based ...
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China plays down debt risks, but concerns remain
Globe and Mail
Separately, the official Economic Daily reported in a front-page story on Monday that local government debt risks “should not be exaggerated.” Liu Shangxi, a researcher with the Ministry of Finance, was quoted as saying that Chinese local governments ...
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Globe and Mail
Macau casino operators -- A safe haven during US economic downturn
Casino City Times
According to Macau's Gaming Inspection and Coordination Bureau gambling revenue in Macau rose 48% in July from a year earlier as visitors from mainland China powered growth despite Beijing's moves to tighten credit. Macau, a major market for casino ...
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Asian Currencies Strengthen as Global Stocks Rally Encourages Risk-Taking
Bloomberg
Japan's economy shrank at an annualized 1.3 percent in the second quarter, the government said yesterday. That was less than the 2.5 percent drop estimated in a Bloomberg News survey of economists. China's yuan gained 0.06 percent to 6.3864 per dollar ...
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Macquarie's Cavey Sees China Next Raising Rates in 2012
Washington Post
16 (Bloomberg) -- Paul Cavey, a Hong Kong-based economist with Macquarie Securities Ltd., talks about China's economy, central bank monetary policy and currency. Cavey speaks from Taipei with Rishaad Salamat on Bloomberg Television's "On the Move Asia. ...
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China buys more US bonds in June
China Daily
Hong Kong, counted separately from China, reduced its holdings by $3.5 billion to $118.4 billion in June. Monday's report also reflected the concern over the debt limit crisis which affected many investors' confidence in the US economy. ...
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Report: Importing Chinese Goods Isn't All Bad
TPMDC
The argument is mainly that as America loses our manufacturing base to other countries (and for many reasons, this point is most associated with China), our more service based economy can't replace the jobs for laborers from that sector. ...
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TPMDC
Home News National DG, ISPR rejects foreign press report on China's access to ...
Associated Press of Pakistan
JEDDAH, Aug 15 (APP): Ambassador of Pakistan to Saudi Arabia Muhammad Naeem Khan called on Saudi Minister for Economy and Planning Khalid Al-Gosaibi here and briefed him on economicsituation in Pakistan. The ambassador also highlighted investment ...
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FTSE live: market report - as it happened August 15, 2011
Telegraph.co.uk
London's index of leading shares extended last week's rally after data showed theeconomy of earthquake-battered Japan shrank less than expected. The FTSE climbed in morning trading, as bargain hunters got back into the stock market. ...
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Telegraph.co.uk
Australia's Asia Reliance Risks Larger Shocks, RBA Officials Say
Bloomberg
By Michael Heath - Tue Aug 16 03:00:00 GMT 2011 Australia's growing dependence on resource shipments to Asia increases risks to the nation's economy, even as it benefits from sales to a region driving the global expansion, central bank officials said. ...
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ECB Mersch: Member Leaving Euro Zone Would Be 'Suicide' - Report
Wall Street Journal
BEIJING (Dow Jones)--It would be economic "suicide" for any member to exit the euro zone, as the country would face the "unrealistic" task of creating its own currency and find little support in international capital markets, European Central Bank ...
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China's appetite for oil imports increases
UPI.com
China could face power and energy shortages this winter as supplies of oil and coal will be hit hard by the country's aggressive urbanization, according to China's top economic planning body. UPI/Stephen Shaver BEIJING, Aug. ...
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Debt crisis: as it happened - August 15, 2011
Telegraph.co.uk
The report states: Our country's local government debt risks are generally controllable.. but the ability of some local governments to repay their debts is weak and there exist some risks. China is awash with wealthy lenders and analysts say the risk...
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Telegraph.co.uk
Cybertheft could destroy the US economy
CNN (blog)
Have they already stolen enough and now are just busy taking those schematics and plans and basically rebuilding entire sectors of our economy over there [ie, China]. We will start to see the answer to that in a few years. The challenge is that, ...
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Chinese outbound M&As hit record levels
China Daily
As production of Chinese goods continues to move up the value chain and the country increasingly transitions to a consumer-led economy, China is keen to acquire more technology and brands. "Chinese companies continue to look overseas for investment ...
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OPEC cuts oil demand forecast on weak economic news
Oil & Gas Journal
Developing Asian countries continue to be the main drivers of growth, the report said. Forecasts foreconomic growth in China are unchanged at 9% for 2011 and 8.5% for 2012. India's forecast for 2011 growth was trimmed to 7.9% from 8.1% but was ...
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Hong Kong Stocks Advance for Third Straight Day; Foxconn Surges
San Francisco Chronicle
China's local governments' debts are controllable, the finance ministry said. The nation will speed up studying a mechanism for local governments to sell bonds, an unidentified official from the Ministry of Finance said in a report posted on its ...
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Chinese Video Site Tudou Selling IPO at Discount to Rival Youku
Bloomberg
By Lee Spears - Tue Aug 16 04:01:00 GMT 2011 Tudou Holdings Ltd., China's second- biggest video website, is attempting a US initial public offering at a 62 percent discount to larger rival Youku.com Inc. (YOKU) after equities plunged this month, ...
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Chinese Students Flood U.S. Grad Schools
Wall Street Journal
Meanwhile, American students may have more difficulty finding the funds to cover tuition given the troubled economy, she said. "In China, the economy is booming and both students and their parents have the money and are willing to invest it in ...
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Wall Street Journal
Deyu Agriculture Corp. Second Quarter 2011 Results Conference Call and Webcast
MarketWatch (press release)
The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in China, general economic conditions; geopolitical events and regulatory changes, availability of ...
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Kanghui Riding Rise In China Car Mishaps
Investor's Business Daily
By DOUG TSURUOKA, INVESTOR'S BUSINESS DAILY Posted 07:01 PM ET Call it a chain reaction fed by China's heady economy: Car accidents in China are soaring, fueling demand for medical products to treat traffic-related injuries. The government expects 200 ...
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Crude Oil Drops as Much as 0.4% in New York Trading, Trimming Weekly Gain
Bloomberg
Manufacturing in the New York region unexpectedly contracted in August for a third month, a reportyesterday showed. “The US economy is a little bit weaker than any of us were expecting at this time of the year and a lot of the indicators out of Europe ...
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Nixon's Colossal Monetary Error: The Verdict 40 Years Later
Forbes
Chuck Kadlec is a member of the Economic Advisory Board of the American Principles Project, an initiative founded in 2009 by Professor Robert George of Princeton University. Chuck is also a juror for the Bastiat Prize for Journalism and the founder of ...
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Milestone Scientific Reports Second Quarter Financial Results and Provides ...
MarketWatch (press release)
Mr. Osser continued, "Outside North America, instrument sales from all territories combined, excluding China, totaled $500664, substantially higher than the $195972 in instrument sales in the second quarter of 2010. Approval of our Wand/STA instruments ...
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Tibet Pharmaceuticals Reports Financial Results for Second Quarter Ended June ...
PR Newswire (press release)
Tibet Pharmaceuticals believes that it has benefited from the overall economic development inChina in recent years and the increase in the number of elderly people in China, which together have resulted in increased expenditures on medicine in China, ...
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Research and Markets: India Information Technology Report Q3 2011
TMC Net
In 2011, India's IT market should consolidate its strong performance in 2010 thanks to an improvingeconomy and consumer sentiment. Computer shipments were up by around 30% in 2010 compared with 2009, and although growth is expected to moderate in 2011 ...
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Business Highlights
Washington Post
So did a report that Japan's economy shrank less than feared following the March 11 earthquake and tsunami. Japan's report helped temporarily ease worries that the US economy may slide into another recession. WASHINGTON — Foreign investors cut their ...
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Chinese Internet Stocks Jump on Increase Risk Appetite (BIDU, SINA, RENN, YOKU ...
TradersHuddle.com
The company is scheduled to report its quarterly results on August 17 th , with analysts expecting a profit of $0.21 on revenues of $113.71 million. Renren (NYSE:RENN), the leading real name social networking Internet platform in China, gained 0.75% to ...
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Jingwei International Limited Reports Second Quarter 2011 Financial Results
Sacramento Bee
... and the possibility of acquisition related growth within the context of current economic conditions. Jingwei International Limited ("Jingwei") has established a leading position in China in data mining, interactive marketing and software services. ...
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NY factory index contracts for third month
Reuters
Atlanta Fed President Dennis Lockhart said risks of recession have risen over the last few months though he expected the economy could avoid an outright recession. [ID:nW1E7IR00Y]. Analysts said the New York report is cause for concern. ...
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Reuters
10-Q: SANCON RESOURCES RECOVERY, INC.
Middle East North Africa Financial Network
On August 2008, China's top legislature passed a law to promote circular economy and will come into force on January 1, 2009. The aim of the law is to boost sustainable development through energy saving and reduction of pollutant discharges. ...
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China inflation may rise to 6.2 percent in third quarter: Report ...
By Geeta
Hamara News covers Politics, Sports, Technology, Education, Science, Energy, Religion, Arts, Culture, Literature, Travel, Tourism Brings news from all across the continents – covers Politics, Sports, Technology, Education, Science, Energy, ... The report has also predicted that China's economy maintain a growth rate of 9.2 percent in the third quarter, The China Daily reports. "Although observed inflationary pressure remains quite strong, there is no trend towards ...
Hamara News covers Politics, Sports ...
CLW: What America's Faltering Economy Means For China | The New ...
By admin
News today of another steep decline in stock market values by almost 5% only proves to further solidify this point. What does this grim economic news mean for China and how will it affect Chinesefactories and the workers they employ? ...
The New Significance
CHINA IS CHANGING — Global Geopolitics & Political Economy
By editors
Global Geopolitics & Political Economy B.RAMAN Recent events in the port city of Dalian in north-east China where public protests forced the local Government to accept a demand for closing down a chemical plant following an accident and for ... ... “A 2010 report quoted by the Beijing-based newspaper International Herald Leader said that more than one-fifth of the 50 most-discussed public events in 2010 were first reported on by microbloggers. ...
Global Geopolitics & Political Economy
US economic woes loom over Biden's China trip (AP) | US Elections News
By usadmin
WASHINGTON – Concerns about the U.S. economy and the country's ability to manage its debt and deficits loom over Vice President Joe Bide...
US Elections News
Aarkstore Enterprise || Global Money Transfer (Remittances) Market ...
By winaarkstore
According to the World Bank, the global remittance market reported a decline of 6.5% in 2009 in response to recent economic downturn. However it is anticipated that the global remittance market would grow at 9.2% during 2010-2011, as the global economy ... The developing countries which include several low and middle income countries, account for more than three fourth of the global remittance inflows with majority contribution from India, China, Mexico and Philippines, ...
winaarkstore
Gold futures rise in New York, halts slide, as weaker dollar ...
By CBN
The MSCI All-Country World Index of equities climbed for a third day after a report showedJapan'seconomy shrank less than forecast. U.S. retail sales rose the most in four months in July, while applications for jobless benefits were ...
China business news
Worse inflation rate in July feared | Business, Chinese food, City ...
By admin
LI Pumin, a spokesman for the National Development and Reform Commission, China's top economicplanning agency, said on Tuesday that China will continue to fight inflation resolutely in the second half.and the economy retains great ...
Business, Chinese food, City...
Tokyo Takes: China Economy Slowing "Significantly"
By noreply@blogger.com (www.JapanInvestor.com)
Bloomberg News is reporting the U.S. Conference Board believes China growth is slowing “significantly. ”China's economy is cooling after the government raised interest rates and banks' reserve requirements and extended curbs on the ...
Tokyo Takes
US Economic Woes Loom Over Biden's China Trip - News Story - WFTV ...
WASHINGTON -- Concerns about the U.S. economy and the country's ability to manage its debt and deficits loom over Vice President Joe Biden's trip this week ...
www.wftv.com/news/28870172/detail.html
China's economic boom fuels poaching - Care2 News Network
Elephant poaching in Africa and Asia is being fueled by China's economic boom, according to a study of the ivory trade. Authors of the new report found that ...
www.care2.com/news/member/478413351/2908483
Private loan market threatens China's economic stability|Economy ...
Private loan market threatens China's economic stability ... An internal report from the Longwan District Shoe Industry Association of Wenzhou City, ...
www.wantchinatimes.com/news-subclass-cnt.aspx?id...cid...
China says local govt debt risk controllable|Economy|chinadaily ...
BEIJING - China said on Monday the default risk of its local government debt is ... Previous: Chinamay have examined US stealth chopper, say news reports ...
www.jongo.com/articles/11/0815/.../MjYxMjEwLfgcGFfD.ht...
FRBSF Economic Letter: The U.S. Content of “Made in China” (2011 ...
This Economic Letter examines what fraction of U.S. consumer spending goes ... In 2010, imports were about 16% of U.S. GDP. Imports from China amounted to ...
www.frbsf.org/publications/economics/letter/.../el2011-25.htm...
New China Leading Economic Index 1.0% qoq - Finance News
Significant increase in China in June leading economic index (LEI) and the ... China released areport on leading economic index, leading economic index ...
www.f-paper.com/?i768737-New-China-Leading...Index...
China Economy: 2010: A "Complicated" Year
damage (whether consequential or otherwise) which may arise out of or in connection with theReport. China Economy: 2010: A. "Complicated" Year ...
www.invest.uktradeinvest.gov.uk/export/.../108207.html

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