Today: CHINA Economy News, Aug 27, 2011

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Aug 27, 2011

CHINA Economy News, Aug 27, 2011


UBS cuts predictions for China's economic growth
Middle East North Africa Financial Network
Aug 26, 2011 (M2 EQUITYBITES via COMTEX) -- A report published on Thursday by Swiss bank UBS has trimmed previous predictions of growth in the Chinese economy over the next 18 months. UBS said it was cutting its forecast of growth in China's gross ...
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Obama, IMF chief Christine Lagarde discuss global economy, development in ...
Washington Post
They also agreed on the importance of encouraging emerging economies, like China, to baseeconomic growth more on domestic consumption instead of on exports to the US Lagarde replaced Dominique Strauss-Kahn as managing director of the IMF in July after ...
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US 'double dip' tipped to slow Chinese growth, cut commodity prices
Sydney Morning Herald
AUSTRALIA'S biggest trading partner, China, would suffer a 2.7 percentage point hit toeconomic growth and commodity prices would fall in the event of a double-dip recession in the US, a report says. The warning came as the Reserve Bank said Australia ...
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Sydney Morning Herald
Mongolia does poorly in economic freedom report
UB Post
By B.Bulgamaa Mongolia's debut in The Economic Freedom of the World Index Report has not been a particularly happy one. It has been allotted a place in the bottom quartile. It has also gained the 74th rank among 130 countries rated, but most ranks have ...
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China rejects Pentagon report about its military development
Channel 6 News Online
Yang said China's defense building "is solely to safeguard its own sovereignty and territorial integrity, and ensure smooth economic and social development, and does not target any country." Yang added: "Given the progress of science and technology, ...
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Seth Tekpeh: Gov't only updated report on $3bn China loan agreement
Myjoyonline.com
Government is calling on the critics of the $3billion Loan Agreement from the ChinaDevelopment Bank, not to conclude that the agreement has been withdrawn. Government says the Ministry of Finance and Economic Planning updated the reporton the loan ...
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Myjoyonline.com
Surging economy boosting airlines
China Daily
The two airlines, the world's biggest by market value, both boosted sales more than 20 percent as they added planes and benefited from China's surging economy. The yuan's 5.2 percent gain against the dollar in the year ended June also pared the value...
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China Daily
7 Days Inn CFO: We Can Expand to 200 Cities in China
Business Insider
Wu: During our rapid expansion, we launched the first ever quality certificate system in China's economy hotel business, the Q+ Program, to enhance customer experience. In this Program we specify the customers' general core demands for a economy hotel ...
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China Criticizes Pentagon for Exaggerating Military Threat
2point6billion
In fact, even the Pentagon report admits China's defense budget – which reported a 12.7 percent increase last year and grew at an average annual rate of 12.1 percent over the past decade – imposes a negligible burden on the economy if the official ...
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2point6billion
Asian Stocks Snap Four-Week Losing Streak Before Speech Given by Bernanke
Bloomberg
Hong Kong's Hang Seng Index (HSI) advanced 0.9 percent this week after a report showed China'sfactory output may contract at a slower pace in August, easing concern the mainland's economy is slowing. Shanghai's Composite Index added 3.1 percent. ...
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Q2 2011 GDP Revised Estimate - 1.0%
Economic Populist
Also, much of this report we actually gave some reasonable estimates on this revision. I still expect imports are low balled, but the revisions do match the various monthly economic reports and their revisions. Remember, the advance GDP report has to ...
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Unrest Builds as India Adds a Slowing Economy to Its Corruption Woes
New York Times
And it would pose yet another challenge to the global economy, which is increasingly depending on emerging markets like India and China to make up for stagnation in the West. The Indian slowdown was in the making long before most analysts were ...
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New York Times
Filipinos stand tall in China
Manila Bulletin
... and places It also places the Philippines in an extremely good vantage point to engage Chinatowards a stronger economic partnership, especially as the latter has recently become, according to the UN World Investment Report of July 2011, ...
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These Threats Will Not Collapse America's Economy
Lew Rockwell
Wikipedia reports: "The United States is the world's largest manufacturer, with a 2007 industrial output of US$2.69 trillion. In 2008, its manufacturing output was greater than that of the manufacturing output of China, India, and Brazil combined, ...
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Copper miners tap into China growth
ShareCast
Of course, the world copper price is largely dictated by the rise of China no matter who the customer. But transportation costs are also an issue, so if China really is destined to become the world's biggest economy, Kazakhstan's geographical position ...
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China considers legalising secret detentions
AFP
Police would need permission from a prosecutor or public security agency to detain people in a "specified location" in such cases when they believe holding them at home could "obstruct the investigation", the report said. The proposed changes -- part ...
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AFP
US watches as China raises Mideast clout
Hurriyet Daily News
Strengthened by its growing clout in the global economy, China is flexing its muscles in the Middle East, Asia-Pacific and elsewhere, posing a new challenge for the traditional dominance of the United States in regions of key strategic importance. ...
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Hurriyet Daily News
China studies energy cap plan for local governments
Reuters Africa
... by setting quotas, and some details of how China could enforce the cap were disclosed by the National Development and Reform Commission (NDRC), the nation's top economic planner, in areport to the parliament, Xinhua reported late on Friday. ...
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Helen O'Malley: The Manganese Market, a New Economic Growth Barometer?
Citizen Economists (blog)
By The Gold Report, on August 26th, 2011 Manganese's many uses in infrastructure and building materials make its market a strong barometer for gauging the world economy. Soaring growth in countries like China and India has led to high global demand. ...
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Economic indicator growth slows
Taipei Times
The latest leading economic indices for G7 countries, the OECD and five Asian countries — China, India, Indonesia, Japan and South Korea — all decelerated. Rising risks in the global economy also led the Directorate--General of Budget, Accounting and ...
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What BHP Billiton's Earnings Report Says About Future Commodity Prices
Seeking Alpha
Given how hard China is trying to cool off its economy, investors should consider this risk to global commodity prices in the near term. This could also be an issue in other emerging nations, specifically Brazil and India, which are experiencing high ...
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Market Report: All-weather appeal helps Burberry to shoot up
The Independent
Estimating its sales in China could reach £1500ma year by 2016, the analysts added that it could also double its sales in the United States, while both India and Brazil provided longer-term opportunities. The news that Britain's economic growth for the ...
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5 Top China Plays Now
Moneyshow.com
I continue to be of the opinion that the strong economy in Asia should help emerging-market stocks outperform for the rest of the year. The second-quarter earnings season is winding down for many US companies, but Chinese companies tend to report later ...
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The Week Ahead: The Market Doesn't Need Another Storm
Forbes
The economic news generally did not help; Wednesday's durable-goods report was one of the few bright spots for the US economy. The preliminary reading of the GDP on Friday showed a meager 1% gain. There was some slightly better news from China, ...
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UPI NewsTrack Business
UPI.com
26 (UPI) -- US markets posted solid gains Friday after Federal Reserve Chairman Ben Bernanke said the central bank was in a wait-and-see mode concerning economic policy. Bernanke declined to announce a third round of quantitative easing, ...
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Caterpillar Lowered to Neutral
Zacks.com
Caterpillar Inc. (CAT - Analyst Report) posted a strong second quarter with EPS surging 58% and sales jumping to an all-time quarterly record on the back of increase in machine demand and continued economic growth. However, results failed to meet the ...
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Fallacies of consumer economics
PakistanToday.com.pk
The analysis goes on to mention that economies based on consumer spending, for example those of the west, are less vulnerable to any disturbance in consumer demand than an economic system that rests on exports and mentions China in this regard. ...
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China Announces New Top Official for Tibet
New York Times
By EDWARD WONG BEIJING — Chinese leaders have appointed a new Communist Party leader to govern the vast and sometimes restive region of Tibet, where economic development has been rapid but tensions between indigenous people and immigrants from China's ...
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UN forecast
Caspionet
The report also says that currently the global economy continues its gradual recovery; however this process is not balanced, since China, India and other developing countries are developing more intensively. These countries are the driving force of the ...
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China Bank Chief Warns on Seeking Funds
Wall Street Journal
China's five biggest banks sold 413 billion yuan ($65 billion) worth of equity and convertible debt last year to restore capital after a massive economic stimulus program to cushion the impact of the global financial crisis. China Merchants itself in ...
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WikiLeaks: China constantly ignores air pollution
DigitalJournal.com
According to an earlier report by The New York Times, "only 1 percent of the country's (China) 560 million city dwellers breathe (safe and fresh) air" while "500 million people lack access to safe drinking water." China has enjoyed massive economic ...
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Business / In Brief • August 26, 2011
Maui News
That's according a report released Wednesday by the state Department of Business, EconomicDevelopment & Tourism. The report says Hawaii's economy is now projected to show a 1.3 percent increase in 2011, down from the 1.6 growth forecast last quarter. ...
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Biden Wants Stimulus
International Business Times
By Paul A. Ebeling, Jnr. | August 26, 2011 8:24 PM GMT Vice President Biden aboard Air Force 2, said Friday the US economy needs more stimulus to get it moving, putting in a plug for government intervention shortly before the White House unveils new ...
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Horizon Lines Enters Into Modified and Committed Agreement with Convertible ...
MarketWatch (press release)
The company will file with the SEC a Current Report on Form 8-K containing certain financial and other information about the company that was previously disclosed under confidentiality agreements at investor meetings with certain holders of the 4.25% ...
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McAfee Defends Its Position on Operation Shady RAT
WebProNews
“This really provided us a very complete picture of the full impact of these attacks on our entireeconomy, as well as nationally,” said Alperovitch. Other security firms, however, do not see eye-to-eye with McAfee's report. Symantec has said that the ...
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China Tops 100 Million Elderly – Crunching The Numbers Of A Demographic Time Bomb
Worldcrunch
A new report shows China sliding faster and faster into an "aging society," which creates botheconomic and social pressures on the world's most populous country. BEIJING – Proof is multiplying that China is aging at an alarming pace. ...
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How the Baby Boomer Retirement Wave Will Impact Wall Street
Fox Business
This generation, ages 47 to 65, has the potential to further weaken an already shaky economyduring their retirement years, pushing down equity values over the next 20 years, according to recent research from the San Francisco Federal Reserve Bank. ...
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How Risky are 'Safe-Haven' ETFs?
ETF Trends
“A safe asset is something that is going to be safe across economic environments,” remarked William De Vijlder, chief investment officer at BNP Paribas Investment Partners, in the report. “It means you'd better make sure your forecast is right. ...
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ETF Trends
Weekly Gold and Silver Report
International Business Times
Other than the CME GROUP raising margin requirements nothing in the world's economic condition has changed. Therefore Gold reverted back to its rally today.... Another wild ride in the Gold futures market as the December Gold Futures contract traded ...
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Chen Lin: Betting on Gold and Silver Stocks
Business Insider
I read a report that some banks in China have low gold inventories because individual investors are buying gold like crazy. It's very possible gold goes to $2000/oz., but I hope it goes slower. I invest in gold. I have gold exchange-traded funds, ...
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NYMEX-US ends higher on Fed hopes, awaits Irene
Reuters
NEW YORK, Aug 26 (Reuters) - US crude oil futures ended higher on Friday, on hopes the US Federal Reserve would come up with more stimulus for the weak economy, though its chief, Ben Bernanke, stopped short of detailing further action. ...
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Guess (GES) Fails to Impress
InvestorGuide
The company attempted to increase profitability by focusing on full price sales, using the high-margin lower-volume approach in favor of rampant markdowns, which many retailers have been adopting in times of economic uncertainty. ...
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Pentagon panicking over storm in a China teacup — RT
By RT
A new Pentagon report warns China will become a leading military power by 2020. But Conn Hallinan, an expert on Asian ... RT's online golf contest. breakingnews. Go to main page NewsPentagon panicking over storm in a China teacup ...
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Gold advances as Bernanke fails to offer plan for stimulating U.S ...
By CBN
Gold advances as Bernanke fails to offer plan for stimulating U.S economy. ... Subscribe to free RSS and email updates from China Business News. Subscribe via Email · Subscribe in a Reader · Follow us on Twitter · Connect on Facebook ...
China business news
China facing high inflation pressure: Economic ... - Yahoo! News
Read 'China facing high inflation pressure: Economic planning official' on Yahoo! ... Full Story»State news agency reports China's inflation edged up to 6.5 ...
news.yahoo.com/china-facing-high-inflation-pressure-econom...

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