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Sep 12, 2011

CHINA Economy News, Sep 12, 2011


China's False Promises
Wall Street Journal
By JOHN LEE A report in China's state-run Economic Information Daily last week suggested that Beijing will make the yuan fully convertible by 2015. The prospect that market forces will determine the value of the yuan within the next four years may ...
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China: Data Solid, Pity About Europe's New Woes
IBTimes Canada
While markets took a hit late last week from another upsurge in fears about the euro and especially Greece, the August economic report from China was reassuringly benign. Those fears about the eurozone and the European Central Bank was sparked by the ...
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Catering to China's millennials
UT Daily Beacon
Chinese millennials are globally connected and participate in the international economy more than any previous Chinese generation. According to a report in January 2010 by the China Internet Network Information Center, China has 384 million web users, ...
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Muslims also join to give warm send off to MP CM for China visit
TwoCircles.net
People line up at Bhopal airport to see off Madhya Pradesh Chief Minister Mr. Shivraj Singh Chouhan who left for New Delhi enroute China on Sunday According to a report of Centre for Monitoring IndianEconomy, 925 projects worth US $ 119.24 million are ...
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Contract errors trap China's Cosco in choppy wake
MarketWatch
Cosco's /quotes/zigman/34517 HK:1919 -4.33% /quotes/zigman/34516 CICOF -6.14% latest financialreport underscores the company's financial stress — notably a first-half loss of 2.8 billion yuan ($438 million) — tied to a weak global economy and ...
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Asian stock market, economy and companies update (September 12, 2011)
Stock Markets Review
In a separate press report, China govt may soon allow foreign direct investment in yuan as part of effort to promote currency use. Nigeria plans to hold 10% of their foreign reserves in yuan and Thailand Central Bank said it plans to expand reserves to ...
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Secret Bid to Arm Qaddafi Sheds Light on Tensions in China Government
New York Times
After vigorous protests by the Chinese, the report identified China only as “a neighboring third country.” Chinese companies were major suppliers in the past decade of small arms and ammunition to Sudan, where they fueled the conflict in Darfur despite ...
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US brands open 2nd phase in China expansion
USA Today
To report corrections and clarifications, contact Standards Editor Brent Jones. For publication consideration in the newspaper, send comments to letters@usatoday.com. Include name, phone number, city and state for verification. To view our corrections, ...
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USA Today
Australian Stock Market - Morning Report 09/12/2011
International Business Times (press release)
Meanwhile China´s trade surplus narrowed to US$17.8bn with imports up 30.2pct on a year earlier with exports up 24.5pct. Group of Seven finance ministers, meeting in Marseille, say they are ´´committed to strong and coordinated international response´´ ...
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VEGOILS-Palm oil firms ahead of USDA report
Reuters Africa
* Soy supports in thin trade; economic woes cap gains * USDA report expected from 1230 GMT, seen positive for palm By Michael Taylor JAKARTA, Sept 12 (Reuters) - Malaysian palm oil futures traded near one-month highs on Monday, supported by comparable ...
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CNOOC Approved COPC's Plans for Depressurization and Sealing
MarketWatch (press release)
Those Plans should receive approval from China National Offshore Oil Corporation ("CNOOC"). Today, CNOOC announced that it has approved such Depressurization Plan and Sealing Plan. According to the Depressurization Plan, a number of wells in the field ...
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Solar An Economic Bright Spot In US
EarthTechling
China and Mexico were the top two sources of PV goods headed to the US in 2010. The report goes on to state that the solar industry provides plenty of value to the USeconomy outside of PV manufacturing. Site preparation, labor, permitting, ...
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EarthTechling
Asia's Fab 50
Forbes
The story of Asia is increasingly the story of China and this year's list of the 50 best publicly traded companies in Asia-Pacific certainly reflects that. Virtually half of the companies–23, to be exact–hail from China. No country has ever boasted ...
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Toyota Losing No. 1 Makes Prius Priority to Escape Fading Japan
Bloomberg
Analysts including IHS's Nishimoto say Toyota's advances in fuel economy will underscore its recovery even as rivals narrow the gap in quality and outsell the Japanese company in emerging markets such as China. Toyoda's effort to win back market share, ...
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Larry Morrissey, Ken Ryan head to China on trade mission
Rockford Register Star
Rockford, where a 12.1 percent unemployment rate is a symptom of an economy that's been chronically weak for three years, needs the kind of investment opportunities China has been delivering across the country. Last year, the US Census Bureau says, ...
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GRAINS-US grains off to cautious start, await US crop report
Reuters Africa
China, the world's largest soy buyer, imported 4.51 million tonnes of soybeans in August, down 15.7 percent from 5.35 million tonnes in July. * US crude futures slumped more than 2 percent on Friday on economic worries and as a stronger dollar ...
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Study: Minorities underrepresented in STEM jobs
Washington Post (blog)
The Obama administration has made increasing and improving STEM educationa priority, asserting that the country's economic future depends on a strong workforce in these fields. The report, issued by the Commerce Department's Economics and Statistics ...
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Inequality of wealth and income helped cause our current economic problems
San Francisco Chronicle (blog)
A recent report from the IMF looked at the causes of the two major US economiccrises over the past 100 years--the Great Depression of 1929 and the Great Recession of 2007. There are two remarkable similarities in the eras that preceded these crises:...
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San Francisco Chronicle (blog)
Asian Stocks Fall on Concern Greece May Default on Debt; Cochlear Tumbles
Bloomberg
Pedley, speaking in Hong Kong with Rishaad Salamat on Bloomberg Television's "On the Move Asia," also discusses the US economy and President Barack Obama's proposal to enact a $447 billion package of tax cuts and spending aimed at boosting hiring. ...
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Another mixed week for the world's leading economy…
Middle East North Africa Financial Network
Plus it has been pointed out as we saw this week the demand for services remain positive across the whole nation unlike gloomy services reports released from major economies such as China, the Euro area and the United Kingdom, to actually watch the ...
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Money Show Report
GuruFocus.com
Among emerging markets, Brazil is facing a serious inflation problem while China has to deal with a growing issue of bad loans at all levels of the economy. Mr. Jubak's safe havens: gold, strong currency bonds, and dividend-paying stocks. ...
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JLL: Predicted Retail Recovery Faces Significant Economic Hurdles
Citybizlist Real Estate
"Savvy retailers with transferable concepts continue to look to overseas markets for expansion opportunities with continued emphasis in China, Brazil and Europe." Beyond the volatile economy, technology will probably have the most important ...
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Can the American Jobs Act work?
UPI.com
UPI/Roger L. Wollenberg US President Barack Obama tried to rev up the economy by exhorting Congress to immediately pass the American Jobs Act he plans to send over this week, saying his formula of tax cuts, credits and relief is what the country needs ...
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When Will the Economy Recover?
Santa Barbara Independent
Their job is to act as an economic think tank for the financial officials of 34 counties including the United States, Canada, Mexico, most of Europe, and Australia. (They do not serve China or Russia.) In their opinion, the global economy is on track ...
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Aganga's curious auto industry strategy
BusinessDay
The ministry of trade and investment should be doing more to look towards even India and China and follow their approach with commitment to making manufacturing a more central part of the economy. One way to do this is to refocus the banking system to ...
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BusinessDay
Tracks of progress
China Daily
By Dachong and Peng Yining (China Daily) How Qinghai-Tibet rail link has changed lives. Dachong and Peng Yining report from Lhasa. As the train's engine burst into life, thousands of Tibetans stared in anticipation from the platform of Lhasa Railway ...
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China Daily
Asian stocks tumble amid Europe debt worries
Forbes
By TOMOKO A. HOSAKA , 09.12.11, 03:36 AM EDT Asian stock markets fell sharply Monday amid fresh anxiety over Europe's debt problems and a potential default by Greece that would wreak havoc on the global economy. Japan's benchmark Nikkei index hit a ...
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Gold to trade higher today Angel Commodities
Moneycontrol.com
Angel Commodities has come out with its report on Gold and Silver. According to the research firm gold to trade higher today, as rising economic uncertainties will boost safe-haven demand for gold. Gold: Spot gold prices declined sharply 1.4 percent in ...
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Moneycontrol.com
Martin Luther King Jr. would weep: Contempt for American labor on his memorial
Philadelphia Inquirer
And, adding insult to injury, the UK's Telegraph reports that it remains unclear if any money was actually saved by sending the job to China. This wasn't a decision rooted in savings, it was rooted in a lack of respect toward our own working people. ...
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Gridlock nation
Times of India
But for ordinary citizens' crumbling urban infrastructure is a deadly serious issue' both in terms ofeconomic cost and sheer livability. The creed of ruralism and urban neglect continues to dominate political space. But various reports - by McKinsey ...
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Gross Raised Credit Risk While Dumping Treasuries for Worst Run in Decade
Bloomberg
As the US economy slowed and Europe's debt crisis worsened, investors sought the safety of Treasuries and sold the bonds Pimco had bet on, leaving the fund trailing 89 percent of competitors in August and 67 percent this year through Sept. ...
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Merkel shaky as eurozone crisis deepens
The Australian
Yet, according to the same report, the cost of the collapse of the euro would be so high, especially on the currency union's largest economy, Germany, that more integration in Europe is now obligatory. On the brink, consensus is building on increased ...
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Chouhan to hold roadshow in China to woo investors
iNewsOne
The report of the Centre for Monitoring Indian Economy said 925 projects worth $119.24 million are under process in Madhya Pradesh. The focus sectors of investment include mining, energy, infrastructure, engineering and automobile, agriculture and food ...
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Dairy outlook positive despite milk war
Perth Now
Source: The Courier-Mail MORE dairy farmers are feeling confident about the future of their industry, with milk production forecast to rise slightly, an outlook report shows. The sense of confidence comes despite global economic uncertainty and the ...
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Clean Energy Caught in Classic Web
energybiz
The stalwarts of the “old economy” didn't advocate for reduced subsidies in the wake of the BP spill or after of deadly coal mining accident, they add. Hope glimmers. A recent Brookings Institutionreport found that the clean economy employs 2.7 ...
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Set sail for the emerging markets
Sydney Morning Herald
Despite the relatively strong economy, Australian investors are cautious nevertheless. A CoreData Investor Sentiment Research Report shows investor sentiment fell dramatically in the third quarter, with it sitting at minus 21.7 per cent, a drop of 15.7 ...
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Sydney Morning Herald
China uses IT-enabled transparency to prevent corruption
The Hindu
Director-General-level cadres of the party were asked to report on their work and clean governance, and the performance of county and township leaders were made public. In Wuxi, located in southeast Jiangsu, a hotline was opened to receive complaints ...
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Governments Foster Cloud Development in Asia
SYS-CON Media (press release)
Government prioritization - an area based on a report from the World Economic Forum - found Singapore and Malaysia at the top. Again, no surprise there. But New Zealand was third in this category, reflecting a new emphasis by its government. China ...
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SYS-CON Media (press release)
Nations with the world's BEST infrastructure!
Rediff
A report by the Switzerland-based World Economic Forum for the year 2011-12 says that many Asian countries have better and more modern infrastructure than the United States. Hampered by an almost unmanageable level of debt and other financial ...
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Rediff
Markets: Europe's New Fears Rattle Shares, Bonds, Commodities
IBTimes Hong Kong
Subscribe to The Economic Monitor to get the day's most relevant news, data and anlaysis . According to media reports on Bloomberg and other news services, BNP Paribas, Societe Generale and Credit Agricole could have their ratings cut this week because ...
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2 million attempt suicide in China every year
Phayul
In the past 50 years of economic boom that China has witnessed, the suicide rate saw a sharp rise of 60 per cent, the survey said. CDC released its report ahead of the World Suicide Prevention Day on September 9.
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Anxious about trade? Here are some cues to help you through
Moneycontrol.com
Some positive economic data emerged out of China over the weekend, reinforcing a growing consensus that Beijing may keep its key rates on hold. In commodities, crude falls with a stronger dollar as investors shunned commodity risk because of Europe's ...
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Moneycontrol.com
XE.com - UPDATE 1-China inflation too high, prudent policy in place ...
Keywords: Search for a news provider, date, or keywords. ... conditions match China's stable and fast economic growth.' The reason ... (If you have a query or comment on this story, send an email tonews.feedback.asia@thomsonreuters.com) ...
XE Forex News
Week ahead: 12-16 September | beyondbrics | News and views on ...
By beyondbrics
Trial of 10 policemen charged with killing demonstrators begins in Cairo. Asian Development Bank release latest Asian development outlook report in Hong Kong. World Economic Forum starts in Dalian, ChinaEconomic data: India reports ...
beyondbrics
Is China buying gold to challenge the U.S. ... - China Business News
A study released earlier in the year by Oxford Economics recommends holding at least 5% of your assets in gold. What if ... The China Radio International sponsored newspaper World News Journal (Shijie Xinwenbao)(04/28): According to China's National Foreign Exchanges Administration, China'sgold reserves have recently increased. Currently ... Per the same World Gold Council report, the U.S. has 8133 tonnes of gold, which represents 74% of total foreign reserves. Germany is ...
China business news
China starts to reshuffle engineers of economic boom - Yahoo! News
Read 'China starts to reshuffle engineers of economic boom' on Yahoo! News. HONG KONG (Reuters) - China has begun work on an 18-month reshuffle of its ...
news.yahoo.com/china-starts-reshuffle-engineers-economic-bo...
China trade surplus shrinks sharply - Economic Report - MarketWatch
China's trade surplus narrowed in August as imports jump sharply, suggesting domestic demand remains a bright spot for the Chinese economy.
www.marketwatch.com/.../china-trade-surplus-shrinks-in-augu...
Dailymotion - ECONOMY REPORT 2011.09.08 (21:30) - a News ...
FED ON US ECONOMY] Fed's new report unveils slowing down of US ... CHINA, A STRONGER COMPETITOR] China's competitiveness ...
www.dailymotion.com/.../xkygc9_economy-report-2011-09-0...
Chinese economy: Latest News on Chinese economy at Times of India
Read Latest news and Updates on Chinese economy, Chinese economy breaking news ... Chinabought back a lot of Bank of America assets, says a report ET ...
timesofindia.indiatimes.com/topic/Chinese-economy/news
business and the economy indicators for learn
The economy: u s and world economic news : npr china has several ... was still acting as a brake, says the federal reserve in its latest beige book report, the. ...
www.flixya.com/.../business-and-the-economy-indicators-for-l...

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