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Sep 7, 2011

CHINA Economy News, Sep 07, 2011

China's GDP growth likely to fall below 9 pct in 2012: report
Xinhua
7 (Xinhua) -- China's economy is likely to grow at a rate of less than 9 percent next year, due to the faltering economic recovery of the largest developed countries, China Daily reported Wednesday. If the global demand fails to improve next year, ...
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UNCTAD projects 8.1% GDP growth for India in 2011, next only to China
The Hindu
In its 'Trade and Development Report 2011' released here on Tuesday by economist and JNU professor Jayati Ghosh, UNCTAD stated that despite the slowdown in developed countries, the Indian economy is set to grow by 8.1 per cent in 2011 as against to 8.6 ...
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The Hindu
Top of Chinese wealthy's wish list? To leave China
Forbes
The report estimates that rich Chinese - those with assets of more than 10 million yuan - have about 3.6 trillion yuan ($564 billion) invested overseas. "The Chinese economy now looks like a massive funnel," said Zhong Dajun, director of the ...
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SEB's China Financial Index - North European companies less positive in China
Reuters (press release)
China's monetary tightening combined with concerns about slower global growth impacting the Chinese economy have made senior managers of North European subsidiaries in China less optimistic about the market prospects and profit expectations on the ...
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Millionaires Abound as China Misses the Point: William Pesek
Bloomberg
Spend a few days in Mumbai and the conversation is all China, China, China. How can we compete? In what way is India's economy superior? Why does our impressive post-Lehman-Brothers performance get no attention? Then head to China's business center, ...
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Australian dollar jumps on economic rebound in GDP data
The Australian
Talk that China may move to ease monetary policy also spurred the Australian dollar, traders said.Reports in the China Securities Journal suggested China may soon lower bank reserve requirements, in the expectation that inflation will ease in coming ...
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Autobase Wash Systems: New Economic Power Stimulates the Development of ...
San Francisco Chronicle (press release)
China carwash equipment leader, Autobase Wash Systems, recently released a report of car wash industry predicting that the emergence of the world's new economic power like China will greatly stimulate the development of car wash industry in developing ...
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SA improves competitiveness on WEF index
Times LIVE
In compiling the report, the World Economic Forum's Centre for Global Competitiveness and Performance looks at the business operating environment and competitiveness of over 130 economies worldwide.
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Clean Energy Investment Lays Groundwork for Green Jobs
Politic365
ARPA-E is intended to stimulate innovation and the development of America's greeneconomy. Green energy incentives are needed. According to the Obama administration's Clean Energy Report, released last week, the United States has fallen behind China ...
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Politic365
Report: Obama to propose $300B jobs plan
CBS News
In his speech Thursday before Congress on improving the nation's dismal jobs outlook, President Barack Obama will propose injecting more than $300 billion into the economy next year, Bloomberg News reports. That figure will be reached through a ...
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Foreign Companies Suffer As China Moves To Save Its Shipping Industry
NASDAQ
However, the current rate has been lowered to $25000 due to the recent economic slowdown. The global economic downturn has led to oversupply of vessels and low freight rates, a Reuter reportsaid. In an attempt to restructure negotiations and thereby, ...
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Mitt Romney jobs plan: Can it create 11 million jobs in four years?
Christian Science Monitor
Speaking in Nevada, he laid out proposals including tax cuts, reduced regulation, and promoting exports through an emphasis on both expanded free trade (in a new "Reaganeconomic zone") and a crackdown on China for alleged failures to abide by its ...
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Christian Science Monitor
Hong Kong's Peg raises risk real estate prices may 'roll over'
Financial Times (blog)
Recruitment by Indian IT companies witnessed a slowdown in the month of August, owing to the crisis in the US and Europe region, but the overall hiring mood in the country is upbeat, theEconomic Times reports. It might take 2-3 months for recruitment ...
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Battle of the Jobs Plans: Romney Unveils His Economic Growth Agenda
ABC News
If elected, Romney said he would create a free trade conglomerate with multiple countries that he calls a "Reagan Economic Zone." The former Massachusetts governor said the group will put pressure on China and other countries that "violate trade rules ...
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HK, China shares gain, lifted by oil stocks
Reuters
In a research report on Wednesday, ICBC International analysts said CNOOC's ongoing production woes could cut its output by 1.5 percent this year. ICBC-I cut its earnings forecast for CNOOC by 2.4-2.6 percent for 2011-12, but maintained a buy rating on ...
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How Congress Let China Take US Jobs
Huffington Post (blog)
In May 2011 the US International Trade Commission (ITC) issued a wake-up report on the impact ofChina's underhanded IP practices. The report, "China: Effects of Intellectual Property Infringement and Indigenous Innovation Policies on the US Economy," ...
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U.S. Economy Must Be Open To More Foreign Investment
Investor's Business Daily
... economic partners like Canada, Japan and the European Union, global investment is rising from the emerging "BRIC" nations of Brazil, Russia, India, and China, according to a recent report from the president's Council of Economic Advisors. ...
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China groups fuel growth of shadow banking
Financial Times
China Economic Daily, a state-run newspaper, reported that 64 listed non-financial companies had issued loans this year as of the end of August. It said that they had lent a total of $16.9bn, up 38.2 per cent from last year, according to stock market ...
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Financial Times
Sutor Technology Group Limited Announces Preliminary Financial Results for ...
MarketWatch (press release)
Despite the uncertainty in the global economy and high volatility in the capital market, we remain focused on seeking operating excellence and delivering outstanding customer services. We encourage investors to tour around our manufacturing facilities ...
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OIL FUTURES: Crude Oil Sinks As Economic Concerns Mount
Wall Street Journal
Nymex crude-oil futures followed stock markets lower as investors returned from a three-day US holiday weekend with fresh concerns about the health of the global economy. Friday's nonfarm-payrolls report, which showed zero jobs added in August in the ...
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Van Rompuy wants to stay at EU helm
China Daily
By Fu Jing (China Daily) BRUSSELS - European Council President Herman van Rompuy will seek another term to help shape sound economic governance and revive the European economy, which is now losing momentum. Van Rompuy, whose first two-and-a-half-year ...
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The Coin Analyst: China's Gold Policy and Alleged U.S. Government Suppression ...
CoinWeek (blog)
Their basic argument is that the price of gold is a kind of report card on the US government's handling of the economy, and that rising gold prices are viewed as a negative development by US government officials. According to this perspective, ...
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CoinWeek (blog)
Lawyer: Oil firm should face criminal charges for leaks
China Daily
The administration said in a recent investigation report that the leak was caused by human error. "As well as 5500 square kilometers of seawater being polluted, the economic loss for the fishery industry reportedly surpassed 1 billion yuan, ...
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2011 CIFIT to be bigger, better, says vice-governor
China Daily
This year is the 10th anniversary of China's entry into the World Trade Organization (WTO). It is also the 30th anniversary of the Xiamen Special Economic Zone, one of the country's six special economic zones approved by the State Council. ...
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China Daily
Stable outlook for auto industry despite weaker global economy, says Moody's
The Edge Malaysia
As a result of this weakness, fundamental credit conditions for global auto manufacturers are considered to be stable rather than positive, hence the corresponding change in outlook, Moody's said in an Industry Outlook report published on Sept 6. ...
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Advanced Semiconductor Engineering, Inc. Announces Monthly Net Revenues
MarketWatch (press release)
For a discussion of these risks and other factors, please see the documents we file from time to time with the Securities and Exchange Commission, including our 2010 Annual Report on Form 20-F filed on June 17, 2011. ASE, Inc. Joseph Tung, ...
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Yulon, Swire deny report about Volkswagen investment in Taiwan
Focus Taiwan News Channel
"During their stay, the economics ministry also recommended possible locations to house their new production facility, but no new information has since been available about the plan," the premier said. On the UDN report, Wu said the government will ...
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China Renewable Energy Industry Report: Sept. 6
China Briefing
China Longyuan Power Group Corp recently unveiled a strategic cooperation agreement with the regulatory commission of the Tianjin Harbor economic area for the development of offshore wind power projects. The agreement is in line with the wind farm ...
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The Japan Equity Fund Announces Third Quarter Earnings
MarketWatch (press release)
Paralysis stemming from Euro-zone debt problems, however, had a negative impact on the globaleconomy. The Tokyo market, along with those markets in its peer countries, continued to swing between optimism and pessimism. Ironically, what remained stable ...
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Expect a slowdown: Tharman
TODAYonline
Concurring, CIMB-GK regional economist Song Seng Wun added: "If half the world economy were to experience a sharp slowdown, demand for Singapore's goods and services will definitely plunge." He felt that strength within regional economies such as China ...
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Obama approval rating sinks to lowest level
ABC Online
And now even Democrats are openly warning that Barack Obama could become a one-term president unless the economy picks up. This report from our North America correspondent Jane Cowan. JANE COWAN: For the millions of Americans still out of work these ...
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Breaking Up Is Hard to Do
FXstreet.com
Worries surrounding Europe and China are playing into global slowdown fear that can impact the demand prospects for oil. The Wall street Journal said that, "Top European central bankers said Monday its urgent that euro-zone members quickly implement ...
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Goldman Sachs Report Warns of New Financial Crisis
Moneynews
By Forrest Jones Europe needs $1 trillion in capital to shore up its banks, US employment looks bleak thanks to languishing small businesses and China's growth may be due for a breather, according a key Goldman Sachs strategist. ...
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US service sector picks up, jobs still a worry
Khaleej Times
Last week, government data showed the economy added no new jobs in August, leaving the jobless rate at or above 9 percent for a fifth consecutive month. “The unexpected rebound (in the ISM report) will help to ease recession fears following last week's ...
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US Manufacturing Competitiveness at a Critical Crossroads, Says New Report by ...
MarketWatch (press release)
NEW YORK, NY, Sep 06, 2011 (MARKETWIRE via COMTEX) -- While the debate over American manufacturing competitiveness intensifies, a new study shows that the sector is at a critical moment where it could either prosper and help bring economic recovery, ...
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Cohen Milstein Sellers & Toll PLLC Announces Investigation of Sino-Forest Corp.
MarketWatch (press release)
Sino-Forest Corp. is a commercial forest plantation company that operates primarily in the People's Republic of China ("PRC"). The company acquires, cultivates, and sells standing timber or logs; and sources and sells logs, veneer, sawn timber, ...
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GRAINS-Corn, soy rise as US crops deteriorate; wheat firm
Reuters Africa
* US corn, soybeans rise after losses on economic woes * USDA report shows US corn, soy condition declining * Informa soy/corn forecasts top private estimates * Asian stocks firmer but Europe fears still linger (Adds details, quotes) By Naveen Thukral ...
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Swaps Signal Asia Will Abandon Rate Increases This Week: Chart of the Day
Bloomberg
Job growth in the world's largest economy stagnated in August, a Labor Department report showed Sept. 2. Swap prices in all four nations are near the lowest levels in eight months, data compiled by Bloomberg show. “Global growth concerns and euro-zone ...
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DATA SNAP: OECD Inflation Rate Rose Again In July
Wall Street Journal
And the annual rate of inflation continued to pick up in China, South Africa and Brazil. In its most recent report on the outlook for the global economy, the OECD urged most central banks to raise their key interest rates in order to combat rising ...
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Undeveloped markets in line for rough ride | China business news
By CBN
The report will be officially published globally on Sept 7. It shows that after a rapid post-crisis recovery, the world economy is slowing, from about 4 percent GDP growth in 2010 to 3 percent in 2011. Growth is strong in developing economies, ...
China business news
XE.com - China economy can achieve soft-landing - Fan Gang
China will be able to achieve a soft-landing for its economy, influential government economist Fan Gang, said on Wednesday. ... Search for a news provider, date, or keywords. News Providers: Thompson Financial, AP, XFN-Asia, Daily FX, Reuters Date format: yyyy-mm-dd. Refresh Articles.China economy can achieve soft-landing - Fan Gang ... (Reporting by James Pomfret; Editing by Chris Lewis and Charlie Zhu). COPYRIGHT. Copyright Thomson Reuters 2011. All rights reserved. ...
XE Forex News
Joining UNWTO/WTTC global campaign, China ... - Travelling News
By travelling
“In 2009China declared tourism a strategic pillar of its national economy and policy,” said Mr. Rifai. “Now in 2011, the country is once again demonstrating its commitment to put tourism at the center ofeconomic growth and development. ...
Travelling News
Economic Growth In China Might Decline In 2012
By Martin
Four Former News Corp Executives to Appear before British Parliamentary Committee · Flag-Pins-China-Libya · China-Libya Rift Deepens after Weapons Dealings Exposed ... Business. September 6th, 2011. 389540 comments »http%3A%2F% 2Fwww.gev.com%2F2011%2F09%2Feconomic-growth-in-china-might-decline-in-2012%2FEconomic+Growth+In+China+Might+Decline+In+20122011-09-06+19%3A59%3A05Martinhttp%3A%2F%2Fwww.gev.com%2F%3Fp%3D38954 ...
Gev.com - Latest Technology,...
Simplo, Dynapack to Strike Gold ... - China Economic News Service
Taiwan Economic News | My CENS | Inquiry Cart. ----- All Product Categories ----- , Auto Parts ...Taiwan Economic News · Daily Prime News · Special Reports ...
cens.com/cens/html/en/news/news_inner_37633.html
China must rebalance economy: World Bank chief - Yahoo! News
Read 'China must rebalance economy: World Bank chief' on Yahoo! News. ... US jobs report on Friday added to fears that the world's largest economy is facing ...
news.yahoo.com/china-must-rebalance-economy-world-bank-...
VIDEO: CROSSOVER JUDY SHELTON ON CHINA ECONOMY ...
VIDEO: CROSSOVER JUDY SHELTON ON CHINA ECONOMY. 09-05-2011 ... Schoolchildren spend holidays in front of a screen, Yang Wanli reports in Beijing. ...
english.cntv.cn/program/china24/20110905/103505.shtml
(0903 CR M03)CHINA CONFIDENT ON EU ECONOMY - Dailymotion
China Report has more. ... The premier says China is always confident in the European economy and the ... The two sides should also ...
www.dailymotion.com/.../xkvosf_0903-cr-m03-china-confide...
china needs to rebalance economy: world bank chief - Shanghai ...
Home · News; Macro Policies ... 6 (Reuters) -- China needs to rebalance its economy by boosting consumption since ... banks, Zoellick told reporters in Beijing where he is ending a five-day visit toChina. ... SMM Reports Available On Partners ...
en.smm.cn/.../23536_china-needs-to-rebalance-economy-worl...
China Investment Corp to focus on overseas portfolio|Economy ...
China Investment Corporation (CIC) will become a holding company with a focus on ... further in overseas infrastructure projects, according to the news report. ...
www.wantchinatimes.com/news-subclass-cnt.aspx?cid...
China central banker warns global economic risks increasing ...
BEIJING (Reuters) - The global economy faces risks from both slowed growth and persistent ...China Rural Commercial Bank Market Report, 2010-2011 ...
www.researchinchina.com/news/NewsContent.aspx?id=21844

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