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Aug 21, 2011

CHINA Economy News, Aug 21, 2011

China's high inflation to last 4-5 years: report
Yonhap News
The report predicted China's persistent high inflation will have both positive and negative impacts on the South Korean economy. The electronics, furniture and apparel sectors, which compete with cheap Chinese products in global markets, are expected ...
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Guest essay: Congress is mismanaging our economy
Henrietta Post
By Byrna Weir NPR's report, “China is demanding that the US live within its means,” warranted this response: Thank you, Daddy-O, for telling our government to set some limits. In only 235 years America, once 13 British colonies, has become one Chinese ...
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Iran's economic reforms
CNN (blog)
The International Monetary Fund's latest report paints a pretty picture of Iran's economy. It says growth has hit 3.2%, and will accelerate still further. Inflation has dropped from 25% to 12% in just two years. And Tehran has managed to do what every ...
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China: the booming giant
Jamaica Gleaner
Deng led the economic, social and political reforms that brought about China's rapid and continued economic ascension. It is expected that in October next year, the CPC will hold a national party congress. The Economist, in its special report, ...
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Jamaica Gleaner
China bank, energy firm results, flash PMI on tap
MarketWatch
Three of the mainland's top four banks are set report their half-yearly results. In an exclusive interview with the Wall Street Journal, Australian Prime Minister Julia Gillard discusses the EU and US financial problems and China's economic growth. ...
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<B>Rajeev Anantaram:</B> Making FDI work for the host country
Business Standard
FDI is not always a barometer of the health of the economy. In countries such as China, where “round tripping” (domestic capital leaves the country and returns as FDI for tax benefits) conservatively accounts for 30 to 40 per cent of annual inflows, ...
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NBA Lockout: It's Time to Stop Talking About Superstars Playing in China
Bleacher Report
However, there are reports that some teams could ignore the rule and continue with plans to throw boatloads of cash at some of the NBA's brightest stars. China's large population and booming economy are both enticing factors for NBA players, ...
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Bleacher Report
Six accused involved in Chakra Goth incident held; Rehman Malik
Associated Press of Pakistan
WASHINGTON, Aug 20 (APP): Pakistan lies at the heart of tremendous trade prospects between Central and South Asia and Pakistan-India relationship will also be integral to realizing regionaleconomic integration, a senior US official said. ...
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Trade deficit rise kills jobs in factories
Pittsburgh Post Gazette
That's not the most troubling information in a report last week from Manufacturers Alliance/MAPI, a research and policy firm that advises US manufacturers. The group's report documents China's shift away from labor-intensive manufactured goods such as ...
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China's Powerful SOEs
The Diplomat
But our pessimistic takeaway is on the execution side of it – we think the political and economicinstitutions they've built are not apt to facilitate this kinds of changes.' The report emphasizes an important development in China's political economy ...
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Reuters: Vice President Joe Biden's 'Charm Mission' To China Involves 'Punchlines'
Mediaite.com
It appears things went a bit better than the Reuters report makes them out to have, however, as today, President Biden was scheduled to meet yet against with Vice President Xi, this time after a tour of economy boom town Chengdu and once again casually ...
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Eleven die due to food poisoning in Xinjiang -
Associated Press of Pakistan
BEIJING, Aug 21 (APP): Eleven people died due to food poisoning in northwest China's Xinjiang Uygur Autonomous Region Saturday, local authorities said Sunday.Over 150 people had shown symptoms of poisoning and were sent to hospitals Saturday evening, ...
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The Chinese connection
Trinidad News
The Chinese Ambassador in Suriname, Yuan Nansheng, stated that the gift is likely to be discussed at a key summit between regional officials and China. That summit, the third China-CaribbeanEconomic and Trade Cooperation Forum, will take place next ...
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More Chinese tourists coming to visit Nepal
People's Daily Online
20 (Xinhua) -- Annual tourist arrivals from China crossed the 46000 mark in 2010, a five-fold jump from 2001, attesting to the growing popularity of the Himalayan country among Chinese vacationers. According to Saturday's eKantipur.com report, ...
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Stalled recovery wouldnt hit airplane orders, analysts say
Seattle Post Intelligencer (blog)
Click picture for photo gallery A stalling of the economic recovery would not impact airplane demand, according to a new analyst report. But some other market observers aren't so sure. Huge backlogs have Boeing and Airbus cranking up output, ...
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Biden reassures China US is solvent
UPI.com
Biden met with China's Deputy Foreign Minister Cui Tiankai in Beijing, where he said China and the United States together should work at improving the global economy. "Both China and the United States have showed the confidence in the fundamentals of ...
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Too big to be ignored
Sunday Observer
Tourism appears to be one of the most valuable sectors for reducing the economicmarginalisation of developing countries in the global economy, as well as that of relatively underdeveloped regions and social groups within a particular country. ...
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Sunday Observer
Stock Plunge: Digging a Hole in China
Barron's
Tuesday's plunge followed an anonymous skeptical report published on a Website called Alfredlittle.com. Those skeptics noted that SinoTech spent $6.5 million for drilling rigs commonly available for under $1 million. The Alfredlittle authors ...
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Boost local manufacturing: Make it here, make it soon
Richmond Times Dispatch
Do you think we'll cut into the massive national debt by buying more goods from China? Do you think we'll get out of the foreclosure mess without paychecks from local employers? Do you think another round of alleged stimulus is the way to expand a ...
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China currency bill could delay passage of free trade deals
The Hill (blog)
In calling for passage of his bill, Brown has noted that the Economic Policy Institute released areport in June showing that addressing Chinese currency manipulation could support the creation of 2.25 million jobs and could increase economic growth by ...
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Oil-for-infrastructure: How Nigeria lost over $10bn in oil deals•The Yar'Adua ...
Nigerian Tribune
The Asian oil companies, the report noted, appeared more honest and transparent in their dealings with the Angolan government, citing the high-level political and economic discipline of the Angolan system as responsible. The failed deals and Nigeria's ...
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Capital builders hit by soaring cement
The National
A report released yesterday by the Statistics Centre Abu Dhabi (SCAD) found that the price of construction materials including cement, steel and wires for residential towers, increased steeply last month compared with June. ...
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The National
Arm twisting, peace and reconciliation
Sunday Observer
There is economic instability in the EU, Italy, Norway, Greece and many other Western countries. Now it is the era for Asians with leading countries such as India and China at the zenith, for a new economic and political order coupled with equality and ...
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Sunday Observer
Dancing on Wal-Mart's Grave
Huffington Post (blog)
In his August 16th earnings report, Wal-Mart US President Bill Simon admitted that his company was feeling the recession. "We remain concerned about the economic pressure on our customers and the uncertain impact it can have on their shopping behavior. ...
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ICIS pricing launches new Isocyanates report for the Middle East
SteelGuru
Macro economic and political impacts, supply and demand and production news of plants based in Middle East, Asia and Europe 3. Price movements of trades from China and Europe ICIS pricing's extensive coverage of the chemical markets gives you the ...
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Ripple Effect: Cars Come First
Barron's
A similar report from the Philadelphia Federal Reserve last week showed the regional economycontracted by 31%. July durable-goods orders, the week's most widely watched indicator, are expected to fall 2.1%. Says MFR economist Joshua Shapiro: "The ...
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Challenges beset Chinese agriculture
Dubuque Telegraph Herald
While China's farming faces challenges in feeding its 1.3 billion people, US agricultural exports have reached an all-time high. A recent National Corn Growers Association report predicts that American exports will rise more than 14 percent in 2011 to ...
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The MasterCard Worldwide Index of Consumer Confidence posted the country's ...
Financial Express Bangladesh
"In fact, the latest consumer confidence score for the UAE is the highest that it has been since 2004 and is significantly higher than markets such as China (78.3), Hong Kong (69.9) and India (75.2)." The scale of the study is weighed with 100 being ...
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Profits slip for Sharp, SEH parents
The Columbian
Sharp's quarterly earnings report indicates concerns about another economic downturn in the United States and corporate worries about Europe's financial stability. Its electronic component sales were down 22 percent, a figure that encompasses drops of ...
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Howell: Cotton rebounds to finish ahead in upper reaches of trading range
LubbockOnline.com
The cotton market gave back a relatively small portion of the advance amid broad losses in commodities and a rout in global equities as the period ended on heightened worries about the USeconomy and dim prospects for a quick fix for the euro zone debt ...
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Farm, hotel workers out in the cold
Jamaica Observer
If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com. 7. Lastly, read our Terms and Conditions and Privacy Policy, and before commenting you need to register, conveniently, ...
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Asia: Fears play out on Friday as shares plunge and gold hits record level
Spero News
They are also worried by China's growth, which has driven the world economy so far, but is now facing structural problems like overreliance on Western markets and high inflation. The worldwide selloff came after Wall Street investment bank Morgan ...
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Bachmann Stands by Pledge: Gas Under $2 a Gallon
The New American
The economy, though still weak, has recovered somewhat since early 2009, Kloza said, and demand for oil has increased in the US and has risen sharply in developing countries like China, India and nations in South America. ...
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WEEKLY MARKET MOVERS 1: PIIGS BOND EXPOSURE UNDERMINING BANKS, MARKETS
Business Insider
Top market movers included First, there was the prior day's report noted above that suggested at least one big bank was having trouble finding short term borrowing sources and needed to resort to a rarely used ECB facility. ...
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Corona: Combustion Associates powered for global growth
Press-Enterprise
That trend is expected to slow down this year to an estimated loss of 0.5 percent, according to areport compiled by the Los Angeles County Economic Development Corporation. "CAI is a shining example of how companies in Riverside County can dominate ...
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Gold rallies as growth fears linger, WGC sees strong demand in second half
Proactive Investors UK
In its latest Gold Demand Trends report, WGC noted that despite sky high prices, demand for gold from India and China rose 38 percent and 25 percent respectively in the second quarter compared to the same period last year. WGC said that this growth is ...
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Proactive Investors UK
Democrats win remaining two recall elections
Ashland Current
Speaking of the world economy, Brinkman says manufacturers are re-thinking off-shore production in countries like China. He says labor costs there are going up, the dollar is weak, and companies question the wisdom of having a 12000 mile supply chain. ...
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Huntsman Says Republican White House Rivals Showed No Leadership on Debt
Bloomberg
“There was zero leadership on display” from “some of my Republican opponents who basically, I think, recommended something that would have been catastrophic for this economy,” he said. Huntsman called House Speaker John Boehner, an Ohio Republican, ...
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Scrap metal thefts escalating around Tampa Bay
Tampabay.com
With a sour economy and foreclosed homes pockmarking the landscape, scrap metal thievery in Tampa Bay is increasing and the people behind it are going to greater and more destructive lengths to obtain the valuable metals. Though the metal thieves are ...
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China backs resilience of debt-hit US economy | Set You Free News
By Mario A.
China backs resilience of debt-hit US economy · Economy World — 20 August 2011. China backs resilience of debt-hit US economy · Gulf Daily News. Beijing: China's Vice-President and heir apparent gave a ringing endorsement of the resilience of the debt-ridden US economy during a second day of talks with his counterpart Joe Biden yesterday. The upbeat tone of Xi Jinping, ...Making a Killing: The Untold Story of Psychotropic Drugging (Full Documentary). July 27, 2011 ...
Set You Free News
Asia Markets: China bank, energy firm results, flash PMI on tap ...
By RSS Feed
and Agricultural Bank of China Ltd. /quotes/zigman/9118 HK:1288 -2.40% · /quotes/zigman/1440017 CN:601288 -0.77% are all expected to report profit growth of at least 20% from the year-ago period on strong interest rate and fee incomes. ... In economic news, HSBC will release the preliminary results of its survey on China manufacturing activity for August on Tuesday. In July, HSBC's flash manufacturing data had shown a contraction and the PMI reading was at a 28-month low. ...
Clearing and Settlement — Clearing...
Joe Biden. to witness economic boom in China's Sichuan | Latest ...
By AFP
BEIJING: US Vice President Joe Biden comes face to face with China's economic boom Saturday after Chinese leaders expressed confidence in a flagging American economy dependent on credit from the Asian giant.
Latest news, Breaking news, Pakistan...
Biden - Chinese leaders say confident in US economy ...
By admin
Biden – Chinese leaders say confident in US economy · China announces new plans to boost yuan globally · Georgetown basketball team brawl with China's national team · China Threatens to Use 'Financial Weapon' Against America ...
SurviveinChina China Blog News
Chinese magazine president and editor punished for citing ...
By chinaview
China Central Television's “24 Hours” news producer Wang Qinglei was suspended earlier this month. He had reported on a July 23 train wreck, defying propaganda regulations to probe the cause of the crash. Beijing-based China Economic Times' investigative unit, headed by veteran muckraker Wang Keqin, was disbanded in July for reasons that remain unclear. Two Guangzhou-based journalists also lost their jobs in March: Time Weekly's Peng Xiaoyun for interviewing dissidents, ...
Status of Chinese People
Another Nasty Week For Wall Street - Project Economy News Story ...
In 2010, China's economy grew at a robust rate above 10%, and is forecast ... Gap shares were up 3% after the retailer reported better-than-expected results ...
www.wesh.com/money/28914625/detail.html
China growth; economy; inflation; stimulus - Los Angeles Times
Housed in a five-story glass cube with a multiplex cinema and western brands ... domestic product in 2008 and 2009, China's economy expanded by more than 9% ...
articles.latimes.com/2011/aug/.../la-fi-china-economy-201108...

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