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Sep 10, 2011

CHINA Economy News, Sep 10, 2011


China's mooncake economy
Los Angeles Times
The mooncake, once a calorie-rich treat in times of scarcity, has become the Christmas fruitcake ofChina, regifted ad infinitum. They're unhealthful, expensive, and very often, unwanted gifts. By Benjamin Haas, Los Angeles Times Zou Jin has one ...
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China yuan likely convertible by 2015-c.bank adviser
Reuters
Li's comments come a day after Chinese officials reportedly told the EU Chamber of Commerce inChina that there are plans to make the yuan "fully convertible" by 2015. Beijing has denied thereport, saying no timetable exits. ...
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Is Romney for Real on Trade?
Huffington Post (blog)
"The United States does not have to accept forever the practices that have led to a huge and seemingly perpetual trade deficit with China. We have opened our economy to China, and Chinamust be persuaded to extend the same privilege to us. ...
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China sees surge of independent candidates
Washington Post
“Some are cheering from the sidelines,” said Elizabeth Economy, a China expert with the Council on Foreign Relations. “There are certainly others who view this as very threatening.” The wide swath of candidates running, Economy said, “shows the breadth ...
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China's empty city of Ordos
Al Jazeera
Despite high inflation levels, China's economy is the world's second largest. And as it continues to grow, so too do the building projects. Investors see them as a safe bet to place their money. Al Jazeera's Melissa Chan has this report from Ordos, ...
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US slips to fifth place in Global Competitiveness Report
DigitalJournal.com
Due to its current economic woes Greece has slipped into near oblivion, ranking at 90. Qatar leads the Middle Eastern countries, whilst Chile takes the lead in Latin America. China rises to position 26. Libya is not listed in this year's report. ...
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DigitalJournal.com
Is China's Military a Competitor or Potential Ally?
The Atlantic
By Elizabeth Economy Anyone who needs convincing that China's military trajectory is cause for alarm should take a look at "Asian Alliances in the 21st Century," a newreport co-authored by several well-known Asia security experts, including Dan ...
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The Atlantic
China close to hat-trick on commodity demand: Report
Economic Times
Fears that the world's biggest commodity user is heading for a hard economic landing were ameliorated by data showing industrial output growth remained strong and consumer inflation finally started to ease. The final of three legs to support the ...
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Jobs lost for first time in five months, StatsCan reports
CTV.ca
The fundamental problem we have in Canada is that everything we buy is made inChina. We exported our labour market when we signed on to NAFTA. For the people from out west saying just pick up and move to find a job, that's not always possible. ...
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CTV.ca
Salehi Dismisses US Pressures on China to Stop Investment in Iran Energy Projects
Fars News Agency
Despite western media reports which claim Beijing has pulled the break to reverse growing economic ties and cooperation with Tehran, China has bought more crude from Iran in recent months. US President Barack Obama and key members of his cabinet have ...
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Fars News Agency
EIA Cuts Demand Outlook for 2012 as Economic Activities Weaken
International Business Times
Headline CPI in China eased to +6.2% y/y in August, from +6.5% in July, as the rise in food prices moderated. Core inflation (excluding food), however, increased to +3.0%, up from +2.9% in July. While staying at elevated level, the report sent further ...
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India debt ratio swells, signals worsening external economy
Livemint
According to the World Bank's latest Global Development Finance report, which contains external debt numbers for 2009, India's position was fifth, after China, Russia, Brazil and Turkey, in terms of absolute debt stock among the top 20 developing ...
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Bowen Basin to help $480b growth
Mackay Daily Mercury
A report by the ANZ Bank and economic consultants Port Jackson Partners also predicts the sector's growth will create 750000 new jobs during the next 20 years due to growing demand fromChina and the Asian region for commodities. ...
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Love and Fear of Chinese Investment
CRIENGLISH.com
Along with China's deepening interaction with the world economy, however, some have cast doubts on China's overseas investment, especially within natural resources, energy and high-tech sectors.China's economic efforts have been categorized in some ...
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UN body sees moderate growth in Malaysia's exports and imports
Malaysia Star
However, exports would expand even further if Malaysia could diversify its capability to meet intra-regional demands from other major importers such as Australia, China, India, Indonesia, Russia and Turkey, it added. The report said that in 2009, ...
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Governor Can Help California Economy, Farmers and the Environment by Signing ...
MarketWatch (press release)
Near the end of the pilot program the Attorney General will report to the legislature on law enforcement impacts, and the Hemp Industries Association (HIA) will provide a report on theeconomic impacts. "Hemp is a versatile cash and rotation crop with ...
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BASE METALS: NY Copper Slides On Gloomy Economic Outlook
Wall Street Journal
Copper also came under pressure as a report that Chinese inflation remained high last month kept traders on the lookout for further monetary tightening that might upset demand from the world's top consumer. China's consumer price index rose 6.2% in ...
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Ping An Once Again Tops CEIBS List Of China's Private Firms; New Era Seen
Forbes
The report aims to give a glimpse into the performance of non-state-owned companies in China. Since the end of its Maoist days more than three decades ago, China has embraced market-basedeconomic reforms. The country today is home to 8.4 million ...
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METALS-Copper edges down after China data; uncertainty persists
Reuters Africa
A separate report showed China's factory output grew 13.5 percent in August from a year earlier, in line with forecasts, and affirming hopes the economy is not headed for a sharp slowdown. Three-month copper on the London Metal Exchange lost 0.4 ...
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China Has Entered The "Show-Off" Stage Of Luxury Evolution
Business Insider
With the liberalization of the economy, a new class system was created where your place on the ladder may depend on how much money one earns, and owning luxury goods can help display the level of one's wealth. The report cites a book that details the ...
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Business Insider
World Economy Is Fragile - Gold Continues To Surge
Inside Futures
Fitch indicated they could downgrade China's credit rating within 2 years, as the country's banks struggle with debt loads. Fitch said Japan, which is weighed down by a public debt load that is twice the size of the $5 trillion economy, is faced with a ...
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European Stocks Fall on Growth Concern as Porsche Shares Plunge
Bloomberg
In China, a separate report showed that the country's inflation eased in August from a three-year high as gains in food prices moderated, giving policy makers more room to pause monetary tightening as the economy cools and a global slowdown threatens ...
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China Trade Surplus Falls
Voice of America (blog)
As a result, the report said, China's trade surplus narrowed to $17.8 billion from July's 30-month high of $31.5 billion. China's trade surplus is a major point of contention for its key trade partners, the United States and Europe, who seek better ...
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Waiting for the floodgates to open
Sydney Morning Herald
''If China follows the typical pattern of an emerging economy, it will ship $US1 trillion to $US2 trillion in direct investment abroad by 2020.'' And yet, as the report points out, it hasn't happened yet.China has invested the vast bulk of its $US3.2 ...
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At a Loss? Where to Look for Growth
Moneyshow.com
That wouldn't put an immediate end to China's rounds of higher interest rates and reserve requirements, but it would tell financial markets that the end of this cycle is near. China's economywould most likely still slow, as past monetary tightening ...
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World economy to grow slower this year: US think tank
Xinhua
9 (Xinhua) -- Global economy is expected to grow 3.8 percent in 2011, a slower pace than what was projected in spring, according to a report released by a leading think tank in Washington on Friday. After solid performance across most of the world ...
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A Cross Country Comparison Of Corporate Income Taxes
Forbes (blog)
In the Republican view, yes; and in this economy, I'd have to say, as well,” says Randy Schwartzmann, an international tax partner at BDO in New York. In the House Republicans' 10 page report titledAmerica's Job Creators, the party members agreed to ...
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Forbes (blog)
Hyatt Announces Plans for Two New Hotels in Vladivostok, Russia
MarketWatch (press release)
Currently, there are more than 140 Hyatt Regency hotels in operation globally, with more than 25 hotels under development in the China, India, Latin America, the United States, Saudi Arabia, and Vietnam. Hyatt-branded hotels in Russia include Ararat ...
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This endless currency war is set to benefit gold
Equitymaster.com
For instance, according to the Global Competiveness Report (GCR) 2011, over the last five years several countries in the Asian Pacific regions, including China, Indonesia, Vietnam and Sri Lanka, have made big strides in the GCI rankings. ...
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Daily Crosses Fundamental: AUD/USD, NZD/USD, USD/CAD, EUR/CHF
FXstreet.com
On Friday, the US economy will release the Wholesale Inventories for July at 14:00 GMT, where it's expected to come at 0.80% from the previous reading of 0.6%. The USD/CAD pair was slightly higher on Thursday after several economic reports were ...
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China Province Had Government Debt Payment Problems In 2010
Wall Street Journal
BEIJING (Dow Jones)--Nearly 85% of the local government financing platforms in China'snortheastern province of Liaoning were unable to meet some payments last year, an official auditreport posted on the Liaoning Daily website showed, ...
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Hon Hai Aug. sales fall but still stand above NT$200 billion
Focus Taiwan News Channel
Hon Hai is the flagship company of Hon Hai Group, which operates a broad production base worldwide, in particular in China, churning out iPads and iPhones for Apple, while also producing gadgets for other multinational high tech giants, such as Dell, ...
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Laughter seen as reviver after 9/11
CNN International
By Elizabeth Yuan, CNN Hong Kong, China (CNN) -- Humor was Jami Gong's answer to helping bring back life to New York City's Chinatown in the aftermath of the September 11, 2001, attacks. Born and raised in Chinatown, where the twin towers of the World ...
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Some Area Private Schools Report Enrollment Increase for 2011-2012
Patch.com
Despite poor economy, Renbrook, Northwest Catholic see gains, while others have small decreases in enrollment. By Lisa Lenkiewicz Due to flooding in the Kindergarten and JK classrooms there was no school for Kate Cianfanglione on opening day but she ...
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Deepening fears about Europe sink stocks
CNN
World markets: Rapidly rising prices in China finally started to slow, giving some relief to consumers in the world's second-largest economy. China's Consumer Price Index showed prices rose 6.2% over the 12 months ending in August. ...
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Pre-Opening Soy Complex Market Report
NASDAQ
China futures were up 0.3% overnight, and palm oil futures at their mid-session were up 0.5% overnight in Malaysia. There were 635 deliveries against the September soybean contract this morning. Oil deliveries totaled 299 contracts, and meal deliveries ...
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Obama's Big Jobs Speech (An Annotated Version)
Big Government
Building a world-class transportation system is part of what made us an economic superpower. And now we're going to sit back and watch China build newer airports and faster railroads? At a time when millions of unemployed construction workers could ...
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Asian Stocks Fall On Growth Concerns
RTT News
US President Obama's $447 billion plan to stimulate job growth in the world's largest economy was in line with expectations, but failed to dispel lingering concerns over the US economy. China'sinflation data helped to bolster the euro and ...
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Chinese Cement Industry Report, 2011H1- Latest Market Research Report
SBWire (press release)
However, seen from domestic demand for China's cement, the national economy would still maintain rapid growth, and fixed assets investment was expected to continue its high growth momentum. In particular, the construction progress of indemnificatory ...
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AP Business NewsBrief at 7:16 am EDT
TMC Net
The China Association of Automobile Manufacturers said 1.38 million vehicles were sold in August, compared with 1.32 million a year earlier. Production outstripped sales, rising 8.7 percent from a year earlier. New US envoy says strong US economy good ...
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Fascination with gold hampering India's growth story | China ...
Fascination with gold hampering India's growth story. ... Money locked up in the yellow metal effectively disappears from the economy to become jewellery or sits idle in bank lockers. “Money spent on gold is mostly wasted because it's only ...
China business news
New US envoy says strong US economy good for China | The ...
By The Associated Press
U.S. Ambassador to China Gary Locke said Friday a stronger U.S. economy is in China's interest and he will promote trade and human rights as the new envoy in Beijing, a focal point for U.S. diplomacy.
Examiner News RSS
XE.com - UPDATE 2-China Aug trade surplus dips, exports off peak
China's trade surplus fell sharply in August as exports pulled back from a record high and imports jumped, indicating the world's second-largest economy is feeling the pinch from weaker global growth while domestic demand remains resilient.
XE Forex News
Trinidad and Tobago Government News - Vice Premier of China in ...
VISIT OF HIS EXCELLENCY WANG QISHAN, VICE PREMIER OF THE PEOPLE'S REPUBLIC OFCHINA TO TRINIDAD AND TOBAGO TO PARTICIPATE IN THE 3RD CHINA – CARIBBEANECONOMIC AND TRADE COOPERATION FORUM ...
Trinidad and Tobago Government News
New US envoy says strong US economy good for China - Hawaii ...
Hawaii News Now, Hawaii's live local late breaking news leader. News, weather, sports, video, employment and real estate classifieds.
www.hawaiinewsnow.com/.../new-us-envoy-says-strong-us-ec...
China's Inflation Rate Eases As Economy Cools - Consumer News ...
SHANGHAI -- China's inflation rate retreated from a three-year high in August ... slump in global demand," said Mark Williams, of Capital Economics, in a report. ...
www.whiotv.com/money/29125792/detail.html
Yulon, Swire deny report on VW investment in Taiwan|Economy ...
Regarding the United Daily News report, Wu said the government would definitely welcome the project if the German automaker is indeed determined to open a ...
www.wantchinatimes.com/news-subclass-cnt.aspx?id...cid...
Slow-down of over-heated economic growth "good news" for China ...
Email this story Print this page Twitter Facebook Google Buzz Digg Delicious ... 7 (Xinhua) -- Slow-down of Chinese economy from an over-heated growth is good news for China, Fan Gang, director of China's national economic research ...
latestchina.com/article/?rid=45043
China's Economy - News and Projects III - Page 53 - SkyscraperCity
China's Economy - News and Projects III Mainland China Forums 中国大陆论坛. ... their Competitiveness Report in innovation and sophistication, very different! ...
www.skyscrapercity.com/showthread.php?p=83632352

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