Today: CHINA Economy News, Sep 22, 2011

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Sep 22, 2011

CHINA Economy News, Sep 22, 2011

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China Stocks Fall on Economic Slowdown, Tighter Lending Concern
BusinessWeek
The property market will start “de-stocking” and that may cause weaker-than-expected recovery in industries dependent on the economy, Chen Li, head of China equity strategy at UBS, wrote in areport dated yesterday. The brokerage recommends stocks of ...
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Asian stocks tumble after Fed meeting
MarketWatch
Weak Chinese data helped weigh on those markets, as HSBC's preliminary China Manufacturing Purchasing Managers' index, or “flash” PMI, fell to a two-month low in September, indicating a broadening slowdown in the Chinese economy. See report on China's ...
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China subsidies to agriculture increased by 40% in 2010: OECD
Mainichi Daily News
GENEVA (Kyodo) -- The Chinese government's support to its agricultural sector increased by 40 percent year-on-year to $147 billion in 2010, the Organization for Economic Cooperation and Development said in a report released Wednesday. China's Producer ...
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China's Manufacturing May Contract for a Third Month, HSBC Survey Shows
Bloomberg
Today's data adds to evidence the world's second-biggest economy is slowing after the central bank raised borrowing costs and curbed lending to cool inflation. China has joined policy makers in Asian economies from South Korea to Malaysia in limiting ...
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Report: Trade deficit with China cost Maine 9545 Jobs
Bangor Daily News
Mike Michaud, chairman of the House Trade Working Group, highlighted a new reportissued by the Economic Policy Institute on Wednesday, discovering that the US trade deficit with China has cost the United States 2.8 million jobs since China entered the...
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Bangor Daily News

Heathrow falls behind rival European airports -study
Reuters
The government is also considering a 5 billion pound rise in spending on non-aviation infrastructure in a bid to kick-start the UK's struggling economy, according to a BBC report. A slew of bad news from the economy, the ongoing euro zone debt crisis ...
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Australian dollar rises after falling below parity
The Australian
The China report followed a move by the International Monetary Fund this week to downgrade forecasts for world growth and moves yesterday by the US Federal Reserve to try to lower borrowing costs in the moribund US economy. The dip below parity took ...
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IMF Getting a Little More Worried About China
Wall Street Journal (blog)
If the government does step in, the IMF report says, “the consequences could be a substantial worsening of China's public debt metrics and a narrower scope for future fiscal stimulus” if theeconomy does slump.
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Brazil sees BRICS rising, euro zone default chance
Reuters
"In short, the world is undergoing an economic rearrangement that might culminate in a new balance of power, with increase in the importance of the most dynamic emerging market economies like Brazil, China and India," the report added. ...
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Nikkei drops 2 pct after Fed; Softbank plunges
Reuters
Also weighing on Japanese shares were reports from China that suggested the world's No. 2economy may not be able to pick up the slack from flagging US and European growth. A preliminary survey showed China's manufacturing sector contracted for a third ...
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FTSE OUTLOOK: Economic gloom over US and China grips markets; TUI Travel ...
This is Money
The data suggested that China, the engine room of global growth in recent years, may not be able to provide much of a counterweight to flagging US and European growth. On the domestic economicfront, only September's CBI orders trends report will be ...
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China paper condemns Vietnam-India energy cooperation
Reuters
The report said that if Vietnam and India pursued any joint interest that damaged relations withChina "as well as the stability and peaceful economic development of the entire South China Sea region, the losses will outweigh the gains". ...
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Europe's Debt Woes Pose Opportunities for China
Voice of America
September 21, 2011 Europe's Debt Woes Pose Opportunities for China Peter Simpson | Beijing Beijing officials reaffirmed China's commitment to the euro currency and the European economy as uncertainty grows over whether EU officials can quickly recover ...
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China Not Fooled by Gary Locke, Zimbabwe Snubbed by Chicago
The Atlantic Wire
Ever since Gary Locke (pictured with his family above) became the US ambassador toChina last month, the Chinese public has been buzzing about Locke's modesty--as encapsulated in his flying economy class, lugging his own luggage around a Beijing ...
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The Atlantic Wire

Canola shines in gloomy market
Regina Leader-Post
Strong global demand for the yellow-flowered oilseed is helping to keep canola prices high, even after two months of modest declines, according to a new report from BMO Economics. While canola prices were down one per cent to average $558 a tonne in ...
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BHP and RBA paint bright picture for the economy
The Australian
Meanwhile, deputy Reserve Bank governor Ric Battellino said market expectations of an interest rate cut could be misguided and there were grounds for optimism about the Australian economy. Mr Nasser's comments, made in BHP's annual report yesterday, ...
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BHP 'positive on long-term outlook for economy'
Business Day
The IMF, in its World Economic Outlook report on Tuesday, forecast a decline in commodity prices in the second half of this year and next year, partly as slower economic growth weighs on demand for base metals. It cut its China growth estimate for this ...
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Iron Ore's Longest Slide Since '82 Threatens Mining Earnings: Commodities
Bloomberg
World trade in iron ore is forecast to gain 8 percent next year to 1.2 billion tons, with China expected to account for the largest share, Australia's Bureau of Resources and Energy Economics said this week in a report. Meanwhile, the pace of growth in ...
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China's demand for luxury goods still growing
FinanceAsia
Luxury goods makers such as Hermes and Bulgari report continued strong demand in China, despite grim economic conditions elsewhere. By Ivan Zhang | 22 September 2011 China's taste for luxury goods seems to be unaffected by the pessimistic global ...
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Crumbling coal demand signals slowing Asian economy
Globe and Mail
On Wednesday, consultancy Asian Metal Ltd. cited that prices for steel in China were falling as demand among domestic customers in the country slips. “Insiders deem that the price will further go down,” Asian Metal said in a report. ...
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Globe and Mail

China Stocks May Fall in 4th Quarter on Slowing Growth, UBS Says
Bloomberg
Fourth-quarter profit may drop 7.7 percent from a year earlier as companies clear inventories, hurting margins, Chen Li, head of China equity strategy at UBS, wrote in a report dated yesterday. Earnings growth may slow to 6.8 percent this year for ...
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The Costs of the Great War on Terror
CounterPunch
The International Monetary Fund (IMF) now reports that by 2016, China will have the largesteconomy in the world. This is a consequence of 9/11. VIJAY PRASHAD is the George and Martha Kellner Chair of South Asian History and Director of International ...
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Steel consumption in India grows by just 1.3% in August
Livemint
... Monetary Fund's World Economic Outlook report paints a relatively rosier picture for the base metals market, citing better economic growth prospects in China, as the country's economy is projected to grow at 9.5% in 2011 and 9% in 2012. ...
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Report: Trade with China costs Illinois jobs
WJBC News
(Photo by ChinaFotoPress/Getty Images) Illinois has lost 118200 jobs to trade with China over the last 10 years, according to a report by the left-leaning Economic Policy Institute. The losses have been in areas such as steel and machine tools, ...
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Seoul shares drop 3 pct on Fed comments, China data
Reuters
By Jungyoun Park SEOUL, Sept 22 (Reuters) - Seoul shares fell on Thursday as the Federal Reserve's warning that the United States faced a gloomy economic outlook spooked investors and data from China offered more evidence of a slowdown. ...
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Yuan Options Turn More Bearish on Global Slump: China Credit
Bloomberg
The IMF also cut its 2012 economic growth projection for China to 9 percent from 9.5 percent in its Sept. 20 report. The US and European Union were the destinations for 37 percent of Chinese shipments in August, government data show. ...
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Signs of hope for regional markets
Malaysia Star
By CHOONG EN HAN KUALA LUMPUR: Regional markets clawed back some of their lost ground as investors found signs of hope in economic indicators that signalled growth in China amidst economic uncertainties in Europe and the United States. ...
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Malaysia Star

Aluminum Stocks Maintain Shine in Sluggish Economy
MarketWatch (press release)
Emerging markets have been a huge source of revenue as populations and economies in China, Brazil and Russia have become richer, leading to higher levels of building. Meanwhile, aluminum has been taking on a bigger role in electronic products as ...
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COVER STORY: Sister Cities
BCLocalNews
He says marketing North Vancouver as an educational haven makes good economic sense. "These are people coming from China with dollars from outside the North Shore that they are spending in our restaurants and at our university," says Fearnley. ...
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Jamaica, China sign grant agreements, MOU for agricultural support
Jamaica Observer
Another agreement for RMB 30 million (approximately US$5.617 million) was signed at the 3rdChina/Caribbean Trade and Economic Forum in Trinidad last week. That amount brings the total agreements signed between the two countries in just over a week to ...
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Real Economy Report
Creamer Media's Engineering News
The World Bank's special envoy for climate change, Andrew Steer, says mitigation and adaptation, political smartness and smart policy are crucial to developing Africa's agricultural industry. That's Creamer Media's Real Economy Report. ...
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Daily Report: Post FOMC Risk Selloff Continues, Dollar Firm
Action Forex
Additional pressure is seen markets after China HSBC manufacturing PMI dropped to 49.4 in September as export and output declined. The index has been staying in contrationary territory for three consecutive months and suggests further mild contraction ...
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India, China have the world's poorest sex ratio: Report
Hindu Business Line
The world's two growing economic superpowers – China and India – and Sub-Saharan Africa have the most skewed sex ratio in the world. China (population of 1.3 billion), India (1.15 billion), and Sub-Saharan Africa (0.8 billion) together account for 87 ...
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ADR REPORT-ADRs end 3 pct lower; energy, miners tumble
Reuters
Shares of China Petroleum & Chemical Corp (SNP.N) were down 4.2 percent at $93.50. The Fed, at the close of its two-day policy meeting on Wednesday, said in its policy statement that it would launch a $400 billion program to twist its $2.85 trillion ...
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S. Korean economy to grow 3.6 pct next year: report
Yonhap News
The Samsung Economic Research Institute (SERI) said major economies such as the US andChina are expected to see a drop in their growth rates, which will lead to a decline in exports by Asia's fourth-largest economy. It predicted that the world economy ...
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Commercial Vehicle Orders Hold Up Despite Economy
Truckinginfo
The report covers Class 5 through 8 vehicles for the North American market. "The events that caused confidence to wane are still in play and are likely to haunt the economy in coming quarters" said Kenny Vieth, president and senior analyst at ACT. ...
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Israel GDP Outperforms Developed World
Bloomberg
Seventy-six companies raised funding in the three-month period, compared with only 60 last year, thereport said. “One reason that the economy continues to do well is the component of innovation and ability to adapt to a changing environment,” ...
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Analysis - Jobs deficit fuels U.S. Senate action on China yuan
Reuters
The left-leaning Economic Policy Institute estimated in a report this week that the huge US trade gap with China has cost the United States 2.8 million jobs over the past decade. The US-China Business Council, which represents American companies that...
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Reuters

Copper Slumps Into Bear Market as Fed Assessment Hurts Outlook
BusinessWeek
The world economy will expand 4 percent this year and in 2012, the International Monetary Fund said on Sept. 20, cutting June forecasts of 4.3 percent for 2011 and 4.5 percent for next year. AChina manufacturing index was 49.4 for September, ...
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International Trade and US Prosperity
American Enterprise Institute
While there are certainly serious issues with China's economic policies, the bilateral trade balance can be a deeply misleading measure. It evokes a two-country world, in which any job not undertaken in China would be done in the United States. ...
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Alcoa Reorganizes Midstream Businesses Around Five Key Markets to Accelerate ...
MarketWatch (press release)
In 1998, he earned an MBA degree from The Academy of National Economy under the Government of the Russian Federation. Jiming Zhu joined Alcoa in July 2011 as President of Alcoa China Rolled Products. Two months later he added President, ...
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4% IMF lowered global economic growth expected | Finance online ...
By admin
Xinhua News Agency Figure. According to Xinhua News Agency Xinhua International Monetary Fund (IMF) 20 release of the second half of 2011, “World Economic Outlook 'report predicts that globaleconomic growth this year is 4% lower than the six ... on the evening news, the International Monetary Fund (IMF) today cut the first time in China's economic growth is expected to 2011GDP increase of 9.5%, lower than the expected 0.1 percentage point 6, but continued to hold the world's...
Finance online - Financial Advice|Fin...
Markets News Wednesday: Leading Economic Index for China rises
The Conference Board Leading Economic Index (LEI) for China, a composite measure of keyeconomic indicators, increased 0.6% in July to 158.6 (2004 = 100), following a 0.9% increase in June and a 0.4% increase in May. Four of the six components contributed positively to the index in ....Markets News Wednesday: Japanese industrial output in May in biggest rise since 1953; C&Creports robust start to fiscal year · Clever Countries: Group intelligence - - a Hive Mind - - crucial to ...
Finfacts Ireland Business & Finance...
IMF cuts China 2011-12 growth estimates | China business news
By CBN
IMF cuts China 2011-12 growth estimates. ... The forecast for China's GDP growth this year was cut to 9.5 percent, compared with the June estimate of 9.6 percent, IMF said in the September 2001 edition of its World Economic Outlook. The forecast for 2012 was lowered to 9 ... The lower forecast is based on the ongoing policy of tightening and decreasing external demand, combined with decelerating investment as the fiscal stimulus unwinds, the report said. The global economic ...
China business news
XE.com - GLOBAL ECONOMY-China's manufacturing slows as US ...
China's manufacturing sector contracted for a third consecutive month in September while a measure of inflation picked up, suggesting the world's No. 2 economy may not be able to provide much of a ...News Providers: Thompson Financial, AP, XFN-Asia, Daily FX, Reuters Date format: yyyy-mm-dd. Refresh Articles ... (Reporting by Kevin Yao; Writing by Emily Kaiser; Editing by Vidya Ranganathan) Keywords: GLOBAL ECONOMY/. (kevin.yao@thomsonreuters.com)(+8610 6627 ...
XE Forex News
'Western prosperity fading, China facing recession' — RT
By RT
Go to main page News 'Western prosperity fading, China facing recession'. MORE ON THE STORY. Federal Reserve Board Chairman Ben Bernanke (Chip Somodevilla / Getty ... International experts are losing faith in the United States' ability to overcome the country's financial crisis, as demonstrated in a new report issued by the World Economic Forum on Wednesday. Riot policemen spray tear gas as they clash with demonstrators in front of the Greek parliament 06.09, 19:21 6 ...
News RSS : Today
Economic Report Card: September 21, 2011 | Wall Street Sector ...
By Wall Street Sector Selector Staff
Housing and FOMC statement dominate today's economic news. ... The FOMC statement regarding “Operation Twist” dominated the news and painted a relatively glum picture of U.S. unemployment and economic growth. See Fed Statement ...
Wall Street Sector Selector
Recent Reports on China - Economic Observer News- China ...
Economy. Mainland China Banking Survey 2011, KPMG, September 2011 ... articles or updates on the latest books and reports, through China Buzz we'll keep ...
www.eeo.com.cn/ens/2011/0914/211191.shtml
Gov. Quinn to Travel to China to Strengthen Illinois-China Economic ...
Quinn to Travel to China to Strengthen Illinois-China Economic Ties' on Yahoo! News. ... Yahoo!News. Search query ... This story comes from the Yahoo! ...
news.yahoo.com/gov-quinn-travel-china-strengthen-illinois-ch...
Dailymotion - (0914 CR M04)CHINA ON EUROPEAN ECONOMY - a ...
(0914 CR M04)CHINA ON EUROPEAN ECONOMY ... China Report has the details. ... The spokesperson says China supports European countries' efforts to ...
www.dailymotion.com/.../xl392k_0914-cr-m04-china-on-eur...

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