Today: CHINA Economy News, Sep 27, 2011

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Sep 27, 2011

CHINA Economy News, Sep 27, 2011

China Banks Shunned as Investors Eye 2003 Low in Credit Bust
BusinessWeek
China's economy is very distorted, and the banks, as ever, are at the epicenter of the distortions,” Edward Chancellor, who helps oversee about $106 billion as a strategist at Grantham Mayo Van Otterloo & Co. in Boston and warned of a “sucker's rally” ...
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Premiers of N. Korea, China vow to boost economic cooperation
Korea Times
Wen hailed the North's achievements in developing its economy and vowed that Beijing will continue to offer assistance within its capability, according to the report. He then called on the two sides to speed up mutually beneficial cooperation in fields ...
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Analysis: Greentown woes reveal risks in China property boom
Reuters
The China Banking Regulatory Commission scrutiny of Greentown's lenders highlighted Beijing's determination to bring down housing prices that it views as a threat to social stability and economicgrowth. It also raised the risks of investing in what ...
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Gold Could Fall to $1100: Faber
CNBC.com
However, Faber said that long-term investors who "believe in the Asian economicgrowth story" should not be spooked. "In China at least deficits and government intervention is leading to infrastructure spending. There are overcapacities but ultimately...
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CNBC.com
China's richest man 'to join the Politburo'
Telegraph.co.uk
However despite the modernization of China state-owned industries, analysts reportthat the country's ruling Party has entrenched its hold over the economy, controlling access to credit and using backdoor mechanisms to ensure the Party controls the ...
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Telegraph.co.uk
US Senate to move next week on China bill
AFP
But a study released this week by the left-of-center Economic Policy Institute found that the US trade deficit with China has eliminated or displaced nearly 2.8 million jobs since 2001. And US lawmakers have increasingly criticized Beijing on other ...
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AFP
China set to be GCC top trade partner in 2020 - EIU
SteelGuru
According to a new report by the Economist Intelligence Unit, China is expected to be the GCC's most important economic partner by 2020. As per report, the emergence of China and India and the growing economic importance of sub Saharan Africa present ...
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Prospects in the Spotlight
Beijing Review
Given the complicated situation, many people looked to the five-day meeting, which adopted the theme Mastering Quality Growth, for insights on China's economicoutlook. The meeting brought together more than 1500 industrial and government leaders from ...
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Beijing Review
Record Tire Sales Rally Rubber on China-Japan Trend: Commodities
BusinessWeek
Vehicle sales in China, the biggest rubber consumer, may expand about 5 percent this year, the Association of Automobile Manufacturers said July 8, cutting its previous forecast of 10 percent to 15 percent. China's economy will expand 9.3 percent this ...
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Higher labor pains in U.S.-China trade?
CNN International (blog)
According to the Economic Policy Institute, the trade deficit with China cost the US 2.8 million jobs from 2001 to 2010. The value of annual Chinese imports has increased “a staggering 1156% from 2001 to 2007,” according to the report, written by David ...
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Economics 101: Why gold & rupee rose and are now falling
Economic Times (blog)
Moreover, they perceive India as risky because of the volatile inflation and political situation, which might reflect on economic performance in the near future. So they'd rather keep their money in cash than have to report a dip in performance. ...
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Ford chief executive says growth in China auto market is sustainable
Washington Post
Alan Mulally said Monday that China is a sustainable market with the country's leadership focused on keeping inflation in check without derailing economic growth. Ford made a comeback last year with $6.6 billion in profit, its biggest in 11 years. ...
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Feature: NATO's War on Libya is Directed against China
Myjoyonline.com
In reality it is part of a larger strategic assault by NATO and by the Pentagon in particular to entirely control China's economic achilles heel, namely China's strategic dependence on large volumes of imported crude oil and gas. ...
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Myjoyonline.com
Today's VIE Rumorfest
Business Insider
Their headline, “Listed Companies to be Exempted from VIEs Regulation, Chinese Media Reports,” is not exactly the message I take from the Economic Observer article. The Economic Observer, one of China's most renown business newspapers, ...
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Job opportunities develop in other countries
Daily Sundial
Credit Suisse also lists e-commerce, life insurance and wealth management as developing industries in China. China's economy is the second largest in the world, according to the International Monetary Fund (IMF). Though it ranks just below the US, ...
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Busy Economic Calendar This Week
InvestorIdeas.com (press release)
Data showing a slowing trend in China's manufacturing sector added to these growth fears, with the unresolved debt situation in Europe playing a constant destabilizing role. We did not get any fresh negative reports on the European situation over the ...
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Volatile Market Wreaks Havoc on High-Beta Chinese Internet Firms
MarketWatch (press release)
The Bedford Report examines the outlook for companies in China's Internet Sector and provides stock research on E-Commerce China Dangdang Inc. /quotes/zigman/3000986/quotes/nls/dang DANG +1.99% and Sohu.com, Inc. /quotes/zigman/83411/quotes/nls/sohu ...
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China Construction Bank Chairman: Yuan Meets Conditions For Full ...
Wall Street Journal
"It's completely possible for the yuan to become an international currency soon but replacing the dollar is a different story," he said. Commenting on the European debt crisis, Guo said it was unlikely and unrealistic to expect China to resolve the ...
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UN tells Asian-Pacific countries to go 'green'
Daily Pioneer
The report estimates that in 2005, 60 per cent of all materials consumed in Asia-Pacific region were used in China and 20 per cent in India. The report categorises India as a high population density developing country. Tracing its consumption of ...
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S'pore-Russia ties great value for all
AsiaOne
By Reico Wong Singapore's economic relations with Russia have been strengthening over the last few years, with total trade between the two rising at an annual compound rate of 28 per cent since 2003 to hit a record $5.2 billion last year. ...
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AsiaOne
China to overtake Japan as top luxury goods consumer
People's Daily Online
China is expected to top Japan to become the world's largest luxury consumer this year, a researchreport on luxury goods released last week by the Hong Kong and Shanghai Banking Corporation (HSBC) said. Statistics revealed by the report said China ...
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U.S. Commodities Day Ahead: Raw Materials Rise After Price Slump
Bloomberg
China's biggest cash shortage will ease in the fourth quarter as the risk of a global economic slump prompts the central bank to halt monetary tightening, a survey of bond analysts showed. China'syuan may become a fully convertible currency in five ...
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Trio-Tech Reports Fiscal 2011 Results
MarketWatch (press release)
We increased production capacity at our Malaysia semiconductor testing facility and launched operations at our newest test services facility, in Tianjin, China. At the same time, we won significant contracts in our Indonesia-based oil and gas equipment ...
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Struggles at DryShips and General Maritime a Reflection of Global Economy
MarketWatch (press release)
As the global economy teeters on the brink of a double dip recession, the ever-growing fleet of ships is starting to idle. The Bedford Report examines the outlook for companies in the Shipping Industry and provides investment research on DryShips, ...
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China's Rare Earths Monopoly - Peril or Opportunity?
OilPrice.com
Technology transfer is the essential overlooked component in China's economic rise, and Beijing played Western greed on the subject like a Stradivarius, promising future access to China's massive market in return, an opium dream that rarely occurred ...
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Livestock ID/traceability economic assessment report
Dairy Herd Management
In addition, China's beef market remains closed to imports from the United States due to BSE-related restrictions. The report notes that competing beef exporting nations are using their industries' mandatory traceability systems as marketing tools to ...
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Cash Dash from China's Banks to Private Lending Market
NTDTV
Recent reports from other local media claim private lending is feeding large sections of theeconomy, with funds flowing from state-run enterprises, listed companies and even commercial banks. Some, like professor Guo Tianyong of the Central University ...
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opinionChinese expansion not for the faint of heart
CBC.ca
But now, to keep his business thriving, he's contemplating what he never wanted to consider: moving production to China. "Retailers want cheap and cheerful," he explains. "That's what they want to offer their customers, especially now with theeconomy ...
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CBC.ca
Doug Casey: Glowing Prospects for Uranium
Resource Investor
In fact, "I'd say uranium is a great place to be for at least the next generation," he tells us in this Energy Report exclusive. With ever-advancing technology enablingeconomic recovery in places where it previously wasn't possible, ...
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Resource Investor
The High Price of Gas (in Lives)
Huffington Post (blog)
Having a leading solar panel manufacturer, like Sunpower and others, at a time when China is investing multi-billions in clean energy could be key to US economic growth. A report by The Pew Charitable Trusts states that China has developed the world's ...
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G-20 May Fail to Regain 20 Million Jobs Lost by 2015, OECD Says
Bloomberg
Sluggish economic growth may depress the job-increase rate to 0.8 percent, according to the analysis. A meeting of G-20 labor ministers is scheduled to begin today in Paris. Members are Argentina, Australia, Brazil, Canada, China, France, Germany, ...
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Coke chief criticises US tax rules
Financial Times
China now accounts for 7 per cent of Coke's global sales volume and in the first half of this year it sold more than 1bn cases of its products in China, doubling the rate of its sales there five years ago. Although Coke does not report its profits by ...
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Financial Times
NRF Says Bill to Shorten Visa Processing Time Will Create US Jobs
MarketWatch (press release)
Heck's legislation would require the State Department to hire sufficient staff at embassies and consulates in China, India and Brazil to allow visa applications to be processed in no more than 12 days. It can currently take as long as 120 days in China ...
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Dow Closes Above 11000 on Hope for Europe
TheStreet.com
Economic reports for the US were disappointing, although investors put an overwhelming amount of their focus on headlines from Europe. Chicago Federal Reserve's index on national economic activity, a measure of several economicindicators, decreased to ...
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TheStreet.com
The Economy ldquo;Twistingrdquo; In The Wind
Daily Markets
Instead, we had the worst one since late 2008. However, it is not just the US economy that affects the market. We got some weak numbers out of both Europe and China as well, and that helped throw the market for a loop. The Greek saga continued with ...
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Apple Cuts IPad Supply Chain Orders: JPMorgan
Bloomberg
Carolyn Wu, a Beijing- based spokeswoman for Apple, didn't respond to calls for comment on thereport today. Edmund Ding, spokesman for Hon Hai, didn't respond to an e- mail or answer calls to his Taiwan and China mobile phones. ...
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[ BUSINESS BRIEFS ]
Taipei Times
The measures and results of China's “domestic demand expansion” and “emerging strategic industries” over the next five years will affect not only the country's economic growth, but also the direction of the Asia-Pacific region and global economy, ...
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Obama pushes for jobs bill in Silicon Valley forum
USA Today
"The economy is more (digitally) linked, with more opportunity," Obama said. Unless America better trains its workforce, builds infrastructure and invests in research and education, he said, the US cannot effectively compete with China, ...
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USA Today
Debt crisis as it happened: September 26, 2011
Telegraph.co.uk
The United States and other major economies turned up the pressure on Europe to act fast to stop the Greek debt crisis spreading to other eurozone nations and the worldeconomy. According to a Reuters report, officials said media reports that planning ...
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Telegraph.co.uk
Aristides J. Pittas, Chairman and CEO of Euroseas Ltd., Discusses the Company ...
MarketWatch (press release)
Recently, we have seen downward revisions of economic growth for 2011 and 2012 for a number of economies including China. China's growth is generally expected to be around 9% for 2011 and 2012, down from recent estimates of 9.6%. Still China's GDP rate ...
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India-China Strategic Economic Dialogue achieved ... - APN News
By admin
Chinese Premier Wen Jiabao has said that the first India-China Strategic Economic Dialogue (SED) being held in Beijing has achieved positive results. Mr. Wen.
APN News
China Renewable Energy Industry Report: Sept. 27 | China Briefing ...
By China Briefing
China Briefing. China Briefing is a monthly magazine and daily news service about doing business inChina. We cover topics relating to the Chinese economy, the market in China, foreign direct investment and Chinese law and tax. It is written ...
China Briefing News
Slower GDP growth in Q4 predicted | China business news
By CBN
“At present and in the following period, China's economic growth momentum remains relatively strong, but in the short term, China faces challenges of rapid price increases and more capital inflows,” said Zhou Xiaochuan, China's central bank ...
China business news
Busy Economic Calendar This Week | Gamut News
By Zacks Research
Investors had been fretting about the economic outlook all summer long. But it got spooked by the apparent downgrade to the Fed's growth outlook in the post-FOMC meeting statement last week. Data showing a slowing trend in China's ...
Gamut News
India, China to enhance investment, open up ... - India Business News
By giangnl
Holding their maiden strategic economic dialogue against the backdrop of their growing trade imbalance, India and China Monday agreed to deepen bilateral investments, further open up markets and share developmental experiences. ...
India Business News
Stocks Set For Higher Open - Project Economy News Story - WMUR ...
A raft of bad news from around the globe last week, including reports of manufacturing slowdowns inChina and Europe and a dour economic outlook from the U.S. Federal Reserve, kept investors worldwide in a state of heightened fear. ...
WMUR.com
China to invest RMB2 trillion in green economy: report|Economy ...
China to invest RMB2 trillion in green economy: report ... the end of 2015, compared with 2010 levels, the newspaper said, quoting Xie Zhenhua, vice chairman ...
www.wantchinatimes.com/news-subclass-cnt.aspx?id...cid...
India, China to hold strategic economic dialogue
India and China, the world's fastest-growing economies, will hold their first ... To report news via SMS or MMS check out the following link for instructions. Close ...
www.allvoices.com/.../10436621-india-china-to-hold-strategic...
India, China growth good for world economy: US [newKerala.com ...
India, China growth good for world economy: US - By Arun Kumar , Washington, ... Read other us-news stories ... the state chief, D V Sadananda Gowda to report to him about the real estate scam in which the forest minister C P Yogeshwar. ...
www.newkerala.com/news/2011/worldnews-70547.html
China's economy shows signs of losing steam - Silobreaker
NEWS SEARCH ANALYSIS INSIGHT ... Chinas hot economic engine helped propel the world out of the last ... There are no more reports on this story yet. ...
www.silobreaker.com/chinas-economy-shows-signs-of-losing-...

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