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Sep 21, 2011

CHINA Economy News, Sep 21, 2011


China Growth Forecasts Trimmed by IMF as Export Demand Softens
BusinessWeek
For the world as a whole, “the forecast is for an increase rather than a decrease in imbalances,” Olivier Blanchard, the IMF's economic counselor, said in the report. China needs to raise the contribution of household consumption to growth, ...
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BHP's China sales jump, but weaker growth a risk
MarketWatch
In its annual report released Wednesday, BHP identified a slowdown in China's economy among the biggest risks it faces. Weaker Chinese growth could mean lower commodity prices and demand, denting its earnings. Demand may also be hit by China's strategy ...
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Report: Michigan lost 79800 jobs to China from 2001 to 2010
Michigan Radio
By Mark Brush Map showing the percentage of jobs displaced by trade imbalance with China as a share of state employment. A report by the Economic Policy Institute looked at the growing trade deficit between the US and China and its effect on jobs. ...
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China's Jamaican economic outreach
Jamaica Observer
And so it was with a small, hardly noticeable Gleaner report on 17/09/2011 tilted: "We'll be your partner in development — China." These glad tidings are desperately needed at this our worst of economic times, due to the soaring cost of living and ...
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Jamaica Observer
China's Stock Futures Rise; Nuclear Power Companies May Advance
San Francisco Chronicle
The 2012 forecast for China's economic growth was lowered to 9 percent from 9.5 percent, IMF said yesterday in its World Economic Outlook report. Gross domestic product will grow 9.5 percent this year, less than a June estimate of 9.6 percent, ...
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Australian dollar boosted on hopes for US economic stimulus
The Australian
China's Conference Board Leading Economic Index increased 0.6 per cent in July to 158.6, following a 0.9 per cent increase in June and a 0.4 per cent increase in May. With Australia'seconomic fortunes closely tied to China, the report lifted stocks ...
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China Aug FX purchases surge amid yuan strength
Reuters
Economists at China International Capital Corp (CICC), a Beijing-based investment bank, wrote in a research report that a stronger yuan in August may have boosted hot money flows into China. The yuan rose 0.8 percent in August alone against the dollar, ...
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Japanese Stocks Reverse Losses as China Growth Lifts Exporters
BusinessWeek
In New York, the S&P 500 index lost 0.2 percent yesterday after a report that international officials won't decide on Greece's next aid payment until October. Officials plan to finish a review of Greece'seconomy next month, Athens News Agency reported ...
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Production efficiency is key to maintaining China's economic growth
FinanceAsia
A longer version of this article was published in Standard & Poor's Global Economic Outlook specialreport. Individual articles on the economic outlook for Korea, India, Asean, Japan and Australia are available by clicking here.
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Latin American Buffered Against Global Shock, World Bank Says
Bloomberg
That's down from about 6 percent during the 2010 economic rebound, according to the report. In the less pessimistic scenario for the global economy, the World Bank foresees emerging markets, including China, continuing to outgrow the developed world, ...
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In close race for No 1, Deloitte, PwC grow apace
Reuters
With audit revenues leveling off in developed markets, the firms have been making a push in growing countries such as China and India and plowing ahead with investments in consulting, where business is growing after a recessionary slump. ...
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Global economy in danger zone: IMF
Toowoomba Chronicle
"Strong policies are needed both to improve the outlook and to reduce the risks." In its twice-yearly World Economic Outlook report, the IMF predicted growth would be patchy across the developed and developing world. The global economy, which rebounded ...
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'Economic freedom degrading in Nepal'
Republica
This year, the average global economic freedom score fell to 6.64, the lowest in nearly three decades, from 6.67 in 2008, reads a statement. Interestingly, the report states that communistChina has more economic freedom than democratic India. ...
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China stuck in a gender balance time warp
Globe and Mail
“It has some important social consequences and economic consequences down the line,” said report co-director Ana Revenga in a videoconference briefing. The imbalance comes in striking contrast to China's other, more successful efforts to improve the ...
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Globe and Mail
China to restart nuclear projects in 2012: report
Hindustan Times
China, the world's second largest economy, has said it aims to get 15 percent of its power from renewable sources by 2020, compared to just over one percent now. It currently has 14 nuclear reactors and is building more than two dozen others ...
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Samba's Hidary Says China `Crushing' Solar Energy Prices
Washington Post
20 (Bloomberg) -- Jack Hidary, chief executive officer of Samba Energy, and Derek Scissors, a research fellow for economics at the Heritage Foundation, talk about China's economy and alternative energy industry. They speak with Pimm Fox on Bloomberg ...
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Asian century: How B.C. can profit
Vancouver Sun
How long before a surging China eclipses a slumping United States as the largest nationaleconomy? The question is timely as the world continues to recover from the 2008-09 financial crisis and economic downturn. A few years ago, ...
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Pigs in China are driving the world economy
Asahi Shimbun
(Keiko Yoshioka) BEIJING--Of the 1 billion pigs being raised in the world, about half are in China, where pork consumption is increasing as the Chinese economy develops. As a result, pork prices are rising, a trend that is impacting the world economy. ...
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Asia must build domestic demand as West reels: IMF
AFP
The twice-yearly IMF report envisaged a modest slowdown in China, and said Japan would contract this year but bounce back in 2012 as reconstruction from its March 11 disasters begins to trickle through and sentiment picks up. Asia's exports have eased...
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AFP
BOC halts forex swaps with European banks: report
AFP
French banks BNP Paribas and Societe Generale and Swiss lender UBS, which is currently facing a rogue trading scandal, are among those affected by the suspension, the report said. Bank of China halted the trades after it reached the limit on its ...
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AFP
Anand Sharma calls for greater US investment in India
Economic Times
Sharma noted that India was now positioned at number two after China in the global manufacturing competitiveness index in a new Deloitte report. "India's rich talent pool of scientists, researchers and engineers, as well as its large, well-educated ...
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China Trains Sight on More U.S. Treasury Purchases, Report Says
International Business Times AU
The assessment, according to a report by Reuters, signals China's continued patronage of US Treasuries despite America itself trying to extricate from economicstagnation and political bickering that invited a credit downgrade from Standard & Poor' in ...
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International Business Times AU
Gold back above $1800 an ounce as traders expect the Fed will move to help ...
Washington Post
A successful effort to boost spending and economic growth would likely lift demand for gold and other commodities. Analysts said gold prices also got a lift Tuesday from a report that China's gold production has slipped this year. ...
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World's Third Largest Economy: India to Beat Japan
Siliconindia.com
By SiliconIndia, Tuesday, 20 September 2011, 16:55 IST Bangalore: For long Japan stands as the World's third largest economy making it one of the powerful nations in the World. But the recentreport by the Purchasing power parameter (PPP) will make ...
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Stocks Finish Mixed With Eye on 'Operation Twist'
TheStreet.com
Brazil plans to propose that emerging market inject billions of dollars into the eurozone region to help ease the crisis, according to a Reuters report. Europe's crisis as well as weakness in the US economy have put a strain on the global economy. ...
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TheStreet.com
Taiwan's Export Orders Increase at Slowest Pace in 22 Months
Bloomberg
The Taiwan dollar declined 0.4 percent to NT$29.888 against its US counterpart at the 4 pm close, according to Taipei Forex Inc. Overseas shipments account for about two-thirds of Taiwan's $355 billion economy, with China its largest trading partner. ...
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Asian markets mixed...Japan flat, China up
India Infoline.com
The world economy will grow by 4% this year and next, the IMF said in its latest World EconomicOutlook report. This is lower from its June forecasts of 4.3% in 2011 and of 4.5% in 2012. The GDP growth in the US has been scaled down to 1.5% for 2011, ...
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Won Leads Asia Currency Gains on Greek Progress; Rupiah Weakens
BusinessWeek
The global economy will expand 4 percent this year and next, the International Monetary Fund said in its World Economic Outlook report, compared with June forecasts of 4.3 percent for 2011 and 4.5 percent for 2012. The US economy will expand 1.5 ...
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Oil Declines on Speculation Demand to Falter; Brent Erases Drop
BusinessWeek
An Energy Department report today is forecast to show they fell 1.3 million barrels. Brent oil erased its decline after a report showed an improvement in the economic outlook for China, the world's second-biggest crude consumer. ...
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IMF cuts global growth projections, says action needed
CPI Financial
"In a highly uncertain environment dominated by tension from the euro area sovereign debt crisis, risks to growth are mainly to the downside," the IMF said in the latest edition of its World EconomicOutlook report. The flagship report, warned that the ...
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Not A Time To Take Lot Of Risks
istockAnalyst.com (press release)
Months ago, I cited slowing industrial activity around the world as one of my concerns, and during the past couple of weeks economic news was dominated by reports of slowing economies in Chinaand Europe as well as the US Having my observations proven ...
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BRICS as locomotive of world economy
The Voice of Russia
In the conditions of a lingering crisis endured by western countries, the BRICS member-states (Brazil, Russia, India, China and South Africa) will play the role of a locomotive of the world economy. A new report of the International Monetary Fund (IMF) ...
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The Voice of Russia
Western internet companies complicit in Chinese online censorship: Solutions ...
MarketWatch (press release)
The report provides an overview of the 'Great Firewall' of China, the past participation of five US technology giants (Google, Yahoo!, Microsoft, Skype and Cisco) in China's censorship regime, and the legal and ethical obligations and commitments that ...
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Malloy, Herbst speak at building dedication
UConn Daily Campus
Dannel P. Malloy spoke about the importance of education for the troubled economy at the dedication of the new Classroom Building Tuesday. He cited the trend in job loss to more competitive economies elsewhere in the world, referencing China's economic ...
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Analysis: Nike, Adidas trounce China sportswear players
Reuters
While the Chinese brands struggle, Nike Inc and Adidas, armed with heavy investment in research and development plus marketing expertise, are gaining market share in the world's second-largest economy. In the sportswear industry's battle for China's ...
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Reuters
Led by Demand in China, Energy Use Is Projected to Rise 53% by 2035
New York Times
Strong economic growth in developing countries will drive the gain, the outlook shows. Energy-related emissions of carbon dioxide will rise 43 percent, to 43.2 billion metric tons, from 2008 to 2035, the report said. Much of the increase will occur in ...
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SinoCoking Coal and Coke Chemical Industries to Issue a Detailed Response to ...
MarketWatch (press release)
SinoCoking has been producing metallurgical coke since 2002, and acts as a key supplier to regional steel producers in central China. SinoCoking also produces and supplies thermal coal to its customers in central China. SinoCoking currently owns its ...
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Greece makes required coupon payment due today
FXstreet.com
EU does not recognize China's market economy status. China banks cut swap lines with EU banks. Probably just a coincidence - After opening in negative territory, European shares recovered their earlier losses led by utilities. ...
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New hopes for resumption of NKorea nuclear talks
Atlanta Journal Constitution
South Korea's nuclear envoy Wi Sung-lac, left, departs a hotel for talks with North Korea in Beijing, China, Wednesday, Sept. 21, 2011. Nuclear envoys from the rival Koreas started talks Wednesday in Beijing on setting terms for restarting stalled ...
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Atlanta Journal Constitution
China and The US: Trading at Zero Sum? (Guest Post) | EconMatters
By EconForecast
China is feeling some economic strain of its own of late. CBS News correspondent Celia Hattonreports that could impact the prices American consumers pay during the upcoming Christmas shopping season. The expectation, from a reader's ...
EconMatters Global
China: Aid to Europe is unconditional | China business news
By CBN
CHINA pledged unconditional support to the European Union in its debt crisis but is “very disappointed” that the EU hasn't recognized the country as a market economy, the Ministry of Commerce said yesterday. “China has set no preconditions ...
China business news
Growth of foreign banks in China slowed in 2010: report|Economy ...
Earnings of foreign banks in China grew more slowly last year than those of their Chinese counterparts, China Daily reported on Sept. 20. According to a report ...
www.wantchinatimes.com/news-subclass-cnt.aspx?cid...
The report predicts that China's economic growth next year, the ...
The report predicts that China's economic growth next year, the world's leading ... the report said, 'The world economy is entering a new and dangerous phase' ...
www.f-paper.com/?i975712-The-report-predicts-that...
Apple granted 40 patents in China: Report-International Business ...
Apple granted 40 patents in China: Report. 21 Sep, 2011, 1046 hrs IST , Reuters. HONG KONG: Apple Inc has been granted 40 patents in China, which will help ...
m.economictimes.com/PDAET/articleshow/10062585.cms
Women play big role in China's economy-ResearchInChina >> News
Report, Charts, News ... Women entrepreneurs are playing a big role in China's economy and the country is making new efforts to foster women ...
www.researchinchina.com/news/NewsContent.aspx?id=23388
China's inflation rate eases as economy cools - NewsChannel5.com ...
NewsChannel5.com | Nashville News, Weather & SportsChina's inflation rate eases ... in global demand," said Mark Williams, of Capital Economics, in a report. ...
www.newschannel5.com/.../chinas-inflation-rate-eases-to-62-p...
China's Stocks Drop to One-Week Low as Economic Data Fuel ...
“Although there's a small risk of a hard landing for China's economy, ... judged to have lent excessively, the Beijing News reports, citing an unidentified person. ...
latestchina.com/article/?rid=45454
CCTV News Quick Update: Obama Jobs Package, China Economy ...
CCTV News Quick Update: Obama Jobs Package, China Economy, Libya Conflict,... UK REPORT URGES BANK REFORM CCTV Newsby ...
www.youtube.com/watch?v=0Ju9Gl--KtY
HTC mulling purchase of operating system: report - CNA ENGLISH ...
... an operating system (OS), but is in no rush, according to a recent news report. ... on impulse," Wang said in an interview with the Economic Observer of China. ...
focustaiwan.tw/ShowNews/WebNews_Detail.aspx?ID...
Economic Report: China consumer, business sentiment slips: survey ...
News about CHINA | Business | Finance | News | Opportunity | Technology ... Tags: BUSINESS, business sentiment, chinese households, economic report, ...
thechinabizz.com/.../economic-report-china-consumer-busines...

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