Today: CHINA Economy News, Sep 23, 2011

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Sep 23, 2011

CHINA Economy News, Sep 23, 2011

China Stock Index Falls to 14-Month Low on Policy, Global Economic Outlook
Bloomberg
(This is the second half of the report. Source: Bloomberg) China's stocks fell, dragging the benchmark index to its lowest level in more than 14 months, as mounting concerns over the faltering global economy prompted speculation the government will ...
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Four More Signs a China Cool-Off is Coming
Wall Street Daily
According to its World Economic Outlook report, the IMF now expects China's economy to grow by 9.5% this year – down from June's estimate of 9.6%. And then slow to 9% in 2012. I know. That's still blockbuster growth juxtaposed against forecasts for ...
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Crude Oil May Fall Next Week on U.S., China Outlook, Survey Says
Bloomberg
The Federal Reserve this week cited “significant downside risks” to the US economy and said it will replace $400 billion of short-term debt with longer-term Treasuries in an attempt to spur growth. Areport yesterday showed manufacturing in China may ...
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China's Stocks Fall to 14-Month Low on Policy, Economy Outlook
BusinessWeek
Several trust firms confirmed they had received requests from the China Banking Regulatory Commission to report on their business with Greentown China Holdings Ltd., the newspaper said. Greentown, the largest builder in the eastern province of Zhejiang ...
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Dollar is 'king' during periods of stress
MarketWatch
An intense bid for safety drives Treasury prices sharply higher despite the latest US economic report showing weekly jobless claims falling more than expected. The dollar soared against most of its major rivals on Thursday as US stocks suffered a heavy ...
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Global economy alarm bells ring
CNN
The latest monthly readings released Thursday on manufacturing in the eurozone, the UK and Chinaall were weaker than they had been, as was a report on the service sector in Europe. With the Federal Reserve warning Wednesday that the US economy is ...
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SA economic freedom rank down sharply
Independent Online
In the category of Government Enterprises and Investment as a proportion of theeconomy, South Africa now ranks 116th, dropping 27 places this year. The reportdefines economic freedom as the right of individuals to acquire property through lawful...
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Independent Online
Bipartisan Group Of Senators Intro Bill To Combat China's Weak Yuan
Talk Radio News Service
By Lisa Kellman A bipartisan group of senators unveiled legislation Thursday seeking retribution forChina's alleged currency manipulation. The bill comes after the Economic Policy Institute's reportTuesday showed that America lost 2.79 million jobs ...
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Senate Economic Committee Hearing
Middle East North Africa Financial Network
Just yesterday, the Economic Policy Institute released a new update on the impact of our current trade policies towards China. n5 Since China entered the World Trade Organization in 2001, * in Pennsylvania alone, the trade deficit with China eliminated ...
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Economic freedom
Himalayan Times
India ranks at 94th, and communist China ensuring economic freedom ranks at 92nd position in theEconomic Freedom of the World report, but how long will it take UCPN-Maoist to come out of its own ideology dogma?
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Politicians grope for solutions as world economy enters danger zone
The Australian
Stock markets in Asia, Europe and the US fell sharply yesterday, partly in response to the Federal Reserve's gloomy outlook for the domestic economy. But investors also were alarmed by fresh data showing slowing economic activity in Europe and China. ...
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Global confidence collapses: Canadian dollar, stocks, gold, oil sink
Globe and Mail
Economic fears bloodied global financial markets today, driving down stocks, currencies and commodities. Weak numbers from China and Europe this morning added to jitters sparked yesterday afternoon by the gloomy outlook from the Federal Reserve. ...
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ADR REPORT-ADRs sink 4 pct as global economy fears mount
Reuters
Recent US data has also suggested the economy is struggling to keep momentum. Adding to those worries, the euro zone debt crisis is still far from resolved, also threatening the global outlook. Also on Thursday, data showed a contraction in China's ...
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Hong Kong Stocks Poised for Biggest Weekly Decline Since 2008
BusinessWeek
1 lender by market value, fell 2.1 percent on speculation the bank may report lower revenue as the industry faces funding challenges arising from Europe's debt crisis. Jiangxi Copper Co., China'slargest producer of the metal, slumped 5 percent as ...
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FTSE live: market report - as it happened September 22, 2011
Telegraph.co.uk
Mining stocks continue to be heavily sold off on fresh fears China's economy is slowing down. For example, Antofagasta has plunged 12pc and Vedanta Resources has slumped 11pc. London's blue chip shares joined a global stock market rout after the US ...
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Telegraph.co.uk
China Resources Are Best Hedge Amid Growth Slowdown, Bosera Says
BusinessWeek
23 (Bloomberg) -- China's resource companies are the safest investments in the fourth quarter as global economic growth will slow and the Chinese government is unlikely to loosen its monetary policies, Bosera Asset Management Co. said. ...
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Signs of world economy slowing down
Equitymaster.com
HSBC's preliminary China Manufacturing Purchasing Managers Index, or flash PMI, fell to a 2 month low in September, indicating a broadening slowdown in the Chinese economy, with industrial output swinging from a modest expansion to deterioration. ...
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Is Manmohan Singh the Perfect Economic Hit Man?
Salem-News.Com
Given persistent border violations by China, recent threats to Indian oil exploration projects off the Vietnamese coast, and reports of Naval interference show a distinct security threat. [10] It is worth noting that the manufacturing capability of USA ...
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Salem-News.Com
Canadian Stocks Fall as World Data Signal Slower Economic Growth
Bloomberg
A report in Brussels showed that European services and manufacturing growth contracted for the first time in more than two years this month. China's manufacturing may shrink for a third month in September, the longest contraction since 2009. ...
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U.S. Economy: Consumer Sentiment Is Lowest Since Recession
San Francisco Chronicle
The index of leading economic indicators rose more than forecast in August, boosted by a surge in money supply that signaled investors were losing confidence in the global economy and reducing their holdings of riskier assets, another report showed ...
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AfDB says Africa need not fear China
Radio Netherlands
The latest AfDB report also highlights, with much significance, the diversification of economicrelations between China and Africa: Pekin is no longer the sole decision-maker. Last year, Sino-African trade amounted to 100 billion dollars, an eightfold ...
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A costly China trade deficit: 2.8 million jobs in 10 years, report says
News & Observer
Most of those jobs - 1.9 million - were in manufacturing, according to research out this week from theEconomic Policy Institute, a left-leaning think tank. The computer and electronic parts industries were particularly hard hit. ...
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Copper Prices Crater on China's Loss of Appetite
TheStreet.com
This, as bad economic news continued flowing out of Europe and North America, which are responsible for 19% and 11% of the world's copper demand respectively. The US Labor Department's report, yet again, of a weak jobs market marked by below-expected ...
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TheStreet.com
Copper Falls Most Since 2008 on China Data, Economic Concerns
BusinessWeek
Euro-area services and manufacturing output contracted in September for the first time in more than two years, a report from Markit showed today. Europe accounts for 19 percent of global copper demand, compared with China's 37 percent and 11 percent ...
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Commodities Erase 2011 Gain on Fed's 'Downside Risks' Forecast
San Francisco Chronicle
AP Exclusive: Caesars plans hotel in Hainan, China 09.22.11 Sept. 22 (Bloomberg) -- Commodities erased this year's gains after the Federal Reserve said the US economy, the world's biggest, faces "significant downside risks," spurring speculation that ...
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Britain's FTSE plunges on fears over global economy
Reuters
HSBC's China Flash PMI survey showed factory output fell for a third consecutive month in September, pointing to a slowdown in the world's second largest economy. The data suggested thatChina, the engine room of global growth in recent years, ...
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Martin Says China `Cash Crunch' May Be Gaining Momentum
Washington Post
23 (Bloomberg) -- Todd Martin, an Asia equity strategist at Societe General SA, talks about the outlook for China's economy and credit market. Martin also discusses global stocks and commodities. He speaks with Rishaad Salamat on Bloomberg Television's ...
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Asia mostly off lows after G-20 statement
MarketWatch
However, commodity firms were hard-hit on Friday amid concerns about global growth after a series of weak economic data this week. “The triple whammy of weak [manufacturing purchasing managers' index] in China and the euro-zone, plus a downbeat ...
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China Pension Fund Cleared To Inject More Than CNY10B Into Stock Market -Report
Wall Street Journal
The government is signalling that it remains confident in future economic development, the paper said, citing the source. However, the source didn't reveal the timing of the investment. The funds will come from the public welfare fund component, ...
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ADR Report: Wall Street Trade Lower on Fed's Economic Indications
NewsyStocks.com
Among the biggest decliner was China-based real estate internet portal operator, Soufun Holdings Limited (NYSE: SFUN) was trading lower by 13.41 percent to $12.66 an ADR today. The European Index for the ADR's was trading down by 4.35 points, ...
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The Overnight Report: Ghosts Of Lehman
International Business Times AU
But this is China ? the only economic power with the capacity to save the global economy through growth. The August PMI has rebounded slightly from the July PMI suggesting China's forced slowdown had bottomed out. This tick down was very unwelcome from ...
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US Stocks Plunge as Global Economic Worries Deepen
The Epoch Times
Other industrial commodities such as copper, as well as oil, dropped due to slowing demand from emerging markets such as China and India. An industrial report Thursday signaled that manufacturing activity in China slowed in September, hurting demand ...
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Euro-Zone Economy in Retreat
Wall Street Journal
Germany's export-driven economy benefited more than any other developed country from the revival in global demand last year, particularly in fast-growing emerging markets such as China and Brazil. But those countries are taking steps to cool ...
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Markets tumble as debt crisis fears go global
The Australian
FEARS that the European crisis is spreading to the global economy generated heavy falls on sharemarkets throughout Asia yesterday and took the Australian market back to levels not seen since 2009. Falling manufacturing production in China led to ...
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China Stocks Fall Most in 6 Weeks on Factory Data, Funding Risks
BusinessWeek
“Companies' earnings will slide in the third quarter as the tight monetary policy curbs economicgrowth and increases lending costs,” said Yang Delong, a fund manager at China Southern Fund Management Co., which oversees $21 billion. ...
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Jobless claims fall in latest week
Reuters
"The economy is chugging along near stall speed," he said. Fears of a renewed downturn are growing around the world. Reports in Europe and China showed private sector business activity declined sharply this month as the euro zone debt crisis and a...
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Reuters
Asian Stocks Set for Lowest Close in a Year on Economic Risks
San Francisco Chronicle
Hong Kong's Hang Seng Index sank 4.2 percent following a report that a measure of Chinese manufacturing weakened in September. Developers led declines on reports China may attempt to restrict their funding sources. Futures on the Standard & Poor's 500 ...
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Focus on International Economics
The Fiscal Times (blog)
An August 22 RAND report examined the economic competition between India and China. In an August 11 commentary, University of California, Berkeley, economist Barry Eichengreen discussed options for replacing the dollar as an international reserve ...
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UK Stocks Plunge Most in 2 1/2 Years After Fed Economy Warning
BusinessWeek
Rio Tinto Group, the world's second-biggest mining company, retreated 11 percent and Antofagasta Plc plunged 13 percent as a report showed manufacturing in China may shrink for a third month. BP Plc, Europe's second-biggest oil company, ...
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Asia Remains Under-Represented at the IMF: Experts
CNBC.com
International Monetary Fund Deputy Managing Director Zhu Min's visit to China for the recent World Economic Forum meeting was like a jubilant homecoming. Zhu, a former deputy governor of the People's Bank of China, was mobbed by the local media, ...
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CNBC.com
Deloitte reports record 2011 revenue of $28.8 billion
Reuters
Deloitte will likely post similar growth in fiscal 2012, despite a challenging economic picture, the firm's global chief executive, Barry Salzberg, said on Thursday. "Our first quarter (fiscal 2012) results are very much in line with what we've ...
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US-China Chamber President 'Doesn't See Significant Economic ...
US-China Chamber President 'Doesn't See Significant Economic Value' in Midwest China Hub. Missouri Digital News reports in a series of segments this morning that Siva Yam, president of US-China Chamber of Commerce, is cautioning ...
Show-Me Daily
Ahluwalia to lead India-China strategic economic dialogue News
By Staff
'The first India-China Strategic Economic Dialogue will take place at Beijing Sep 26-27, 2011. The Indian side will be led by Ahluwalia, deputy chairman, Planning Commission. The Chinese side will be led by Zhang, chairman, National ...
News One
XE.com - Thousands riot in south China over land grab -report
HONG KONG, Sept 23 (Reuters) - Thousands of people have attacked government buildings in southern China in protest at land sales, a newspaper reported on Friday, the latest outbreak of trouble in the economic powerhouse of Guangdong ...
XE Forex News
Study says thousands of Michigan jobs lost to China, Mexico : News ...
By Lauren Amstutz
Michigan lost 80000 jobs to China alone. Governor Rick Snyder ... 7&4's Lauren Amstutz talked with the Traverse City Area Chamber of Commerce and lawmakers to find out what else is being done in light of this new report. save. send. print ...
Up North Live - Local News
Guangdong SMEs get boost | China business news
By CBN
“Intel hopes this is the beginning of a much broader effort across China … SMEs are a crucial part ofChina's economy. Helping SMEs grow and innovate for the future is important to all of us,” said Douglas Cougle, managing director of Intel ...
China business news
China Can Help Europe, World Economy 'At the ... - Financial News
By forex - Google News
Financial Newsbusiness news. Stock Market, Forex, Commodities, Business news. Recent Posts. G20 pledges to ... financial news finance newsChina Can Help Europe, World Economy 'At the Margin,' Yi Says – San Francisco Chronicle ...
Financial News
Economy News - Part 6 - China Study Group
According to Voice of the economy, “Financial World” report, released by the EU ... The Voice ofChina “CNR News” reported recently, a “bar code prefix can be ...
www.chinastudygroup.org/economy-news/page/6
IMF trims China's economic growth to 9.5 percent in 2011
IMF trims China's economic growth to 9.5 percent in 2011, Print / Comments ... The IMF said in its latest World Economic Outlook (WEO) report that investment ...
www.andhranews.net/.../IMF-trims-Chinas-economic-growth-...
Economic Report: China manufacturing data paint weak ... - Wopular
BING NEWS: Dow closes down 3.5%: Stocks slide on global fears - USA Today Disappointingeconomic reports from China and Germany, thought to be the last ...
www.wopular.com/economic-report-china-manufacturing-dat...

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