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Sep 28, 2011

CHINA Economy News, Sep 28, 2011


China think-tank tips 2011 GDP growth above 9%
MarketWatch
This would help boost the global economic recovery and prevent a double dip in the world economy, he added. Lu said that China's GDP growth will gradually slow in the coming years, the report said. GDP will likely grow at above 8% in the next five ...
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Trade With China Destroys American Jobs, Drags Down American Wages: Study
Huffington Post
The US has lost nearly 2.8 million jobs in the past decade as manufacturing in China has become cheap and plentiful, according to a recent report from the Economic Policy Institute. The job losses have affected all 50 states and the District of ...
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China to overtake western nations emissions
Vancouver Sun
"Due to its rapid economic development, per capita emissions in China are quickly approaching levels common in the industrialized countries," wrote the authors of the report, Long-Term Trend in Global CO2 Emissions. "If the current trends in emissions ...
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China's Stocks Drop to 14-Month Low, as Property, Railway Companies Sink
Bloomberg
Commerce Department data today may show US durable goods orders fell, after a report confirmed France's economy stalled last quarter and South Korea's central bank said sentiment among manufacturers held at a 21-month low. An index tracking property ...
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Hong Kong Stocks Head for Biggest Monthly Drop in Three Years
BusinessWeek
28 (Bloomberg) -- Hong Kong stocks dropped, dragging the Hang Seng Index toward its biggest monthly decline in almost three years, amid lingering concerns over the global economy and Europe's debt crisis. Industrial & Commercial Bank of China Ltd., ...
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Asian stock market, economy and companies update (September 28, 2011)
Stock Markets Review
US markets gained on an FT report that as many as seven of the 17 EMU members said to be pushing for private bondholders to take a steeper writedown on their holdings, however there is little new information to suggest that the EU is closer to finding ...
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Top 10 economic development zones in China
China.org.cn
By Xu Lin China's Ministry of Commerce on Wednesday released an evaluation report on the investment environment in the country's national-level economic and technological development zones for 2010. A total of 90 national-level development zones were ...
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Australia to probe risks, rewards of Asia boom
AFP
Mining-powered Australia is enjoying unprecedented wealth due to surging demand for its iron ore and coal from China and India, two nations Gillard noted had almost tripled their share of the global economy in just 20 years. ...
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AFP
China cables reveal military fear
The Australian
The main concern about the Chinese economy, as expressed by Australian diplomats in the cables, is the lack of impetus for critically needed economic reforms. "Compared with last year's workreport (not to mention other speeches Mr Wen has made over ...
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China's Hong Kong Succession Takes Shape as Tang Steps Down
BusinessWeek
Preparations to replace Tsang take place against the backdrop of an economy contracting at the same time as surging prices of have stoked anger at a government seen as favoring business. While Tang's path from finance secretary to chief secretary ...
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Obama's Fighter Plane Refusal Dooms Taiwan
Human Events
Finally, Obama's decision tells the American people he is willing to forgo significant economicbenefits to the US economy by abandoning the sale of the F-16C/Ds to appease China. This is tough news in a job-thirsty US economy. A report by the Perryman ...
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India, China to boost investments, open up markets
domain-B
India and China have agreed to deepen their economic cooperation amidst concerns in India thatChina is not providing a level playing field for India when it comes to trade. At the conclusion of their maiden strategic economic dialogue on Monday, ...
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Fed on alert amid gloomy outlook: officials
Reuters
Recent reports in Europe and China showed private sector business activity declined sharply this month as the euro zone crisis and the wavering US recovery have dented confidence. In the latest warning sign for the US economy, an industry report showed...
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Reuters
Yen Strengthens as Global Slowdown Concern Boosts Haven Demand
Bloomberg
The euro snapped a three-day gain against the dollar after a report showed France's economystalled and as Royal Bank of Scotland Group Plc slashed its forecast for the common currency.China's yuan climbed amid bets that policy makers will favor a ...
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China Tiangong 1 Readied for Orbit
Voice of America
September 27, 2011 China Tiangong 1 Readied for Orbit VOA News Beijing says it will launch an experimental space platform later this week as the growing Asian economic power moves closer to rivaling the United States and Russia with plans for its own ...
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Bailout Baby!
FXstreet.com
... of the Energy Report know that bailouts are bullish. With oil's focus off of imminent economicdemise we can start to focus on other fundamentals. We will be watching China's and theireconomic data to see just how fast their economy is slowing. ...
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UPDATE 1-China authorities under fire after Shanghai subway train crash
Reuters
By Royston Chan and Samuel Shen SHANGHAI, Sept 28 (Reuters) - Chinese authorities came under fire on Wednesday after the worst subway train accident in 42 years raised fresh concerns that the world's second biggest economy was sacrificing safety in the ...
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Why Small Businesses Should Be Adding More Green Jobs
Forbes
According to a recent report of the Brookings Institution, the clean economy is surging and green jobs already pay more than the median wage. A new breed of business leader is pursuing environmental sustainability for profit, and it's not only niche ...
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Orders for Durable Goods in US Probably Decreased in August
BusinessWeek
Manufacturers are facing a slowdown in consumer spending, which accounts for about 70 percent of the economy, leaving companies like General Electric Co. depending on sales to China, India and other emerging markets. Less growth in the US also raises ...
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Cheapflights.co.uk Finds 'Destination Diversity' Is Travel's New Black
MarketWatch (press release)
LONDON, Sep 27, 2011 (MARKETWIRE via COMTEX) -- Travellers continue to travel in spite of a direeconomy, casting their net further afield to Pound stretching destinations and new adventures. In its latest Rising Stars report, Cheapflights.co.uk, ...
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Collusion and Collision in Internet Censorship
The Mark
A new report targets the likes of Yahoo!, Google, Microsoft, Skype, and Cisco for their role in aidingChina's "Great Firewall." In the pursuit of profits, principles often become collateral damage. This is the dilemma US-based internet companies ...
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MKB Unionbank: Bulgaria's economy to continue improving in 2012 despite euro ...
Sofia Echo
Bulgaria's economy will continue to grow in 2012 despite the debt crisis in the euro zone, according to a report by MKB Unionbank. For the rest of 2011, the analysts expect that the economy will improve at a slower pace, irrespective of the tough ...
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Sofia Echo
Report: Florida has lost 115000 jobs to China
Bizjournals.com
5 on the list of states that have lost the most jobs to China, according to The US Economic Policy Institute. Between 2001 and 2010, Florida lost 134500 jobs — and nearly 115000 of those, mostly in manufacturing, were to China. ...
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G20 ministers promise to help jobs, social justice
Reuters
CoOrganization's-day meeting in Paris, G20 ministers promised to implement basic social protection and respect the International Labor Organization's (ILO) fundamental standards, with the aim of building a balanced globalised economy as the world ...
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China key to zinc market growth
SteelGuru
China accounted for more than 40% of the world's refined zinc consumption in 2010. A recent reportpegs China's growing zinc demand as a key driver in reducing surpluses and driving prices higher over the next 3 years. However, this week's news of ...
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Developers at risk if China home sales ease: S&P
MarketWatch
Asia Today: A study suggests that the impact of trading with China could be worse for the USeconomy than previously thought. “Weakening property sales and tightening credit conditions at home and globally are the key drivers that increase liquidity ...
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Thai Manufacturing Output Rises More Than Estimated on Autos
BusinessWeek
Hard-disk drive production increased 17.3 percent last month, boosted by new products, and rubber output gained 13.9 percent on demand from local automakers and buyers in China, the Office of Industrial Economics said. Thai exports are expected to ...
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Does US-China Strategic Cooperation Have To Be So Hard?
Council on Foreign Relations (blog)
(China Photo / Courtesy of Reuters) Can the United States and China cooperate to forestall threats to stability? A new CFR report, Managing Instability on China's Periphery, asks this question in the context of fragile states and regions that share ...
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Don't take your laptop with sensitive info to China: Experts
Economic Times
China's brazen use of cyber-espionage stands out because the focus is often corporate, part of a broader government strategy to help develop the country's economy, the report quoted experts who advise American businesses and government agencies as ...
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Singapore stock market and companies daily report (Guangzhao, Sembcorp, KSH ...
Stock Markets Review
Sembcorp is set to enter three memoranda of understanding (MOU) to explore further collaboration on utilities projects in the Liaoning province, China. For the first MOU, with the Liaoning Provincial Bureau of Foreign Trade and Economic Cooperation, ...
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Esprit's 68% Sales Discount Signals World's Cheapest Apparel LBO: Real M&A
Bloomberg
With Hong Kong-based Esprit betting on China to boost flagging demand and its equity valued at a record discount to both cash flows and net assets, the clothing retailer may now attract private equity buyers seeking to turn it around, according to ...
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BP May Quadruple $5 Billion Indonesian Gas Plant as Part of Asian Drive
Bloomberg
(Source: Bloomberg) BP Plc (BP/) is studying a fourfold expansion of the $5 billion Tangguh liquefied natural-gas plant in Indonesia as the region's economic growth surges and Japan raises imports following its nuclear disaster. ...
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Placing a Bet on Brazil
New York Times (blog)
The economy in Latin America is getting a fair amount of attention as a relative bright spot. A World Bank report published last week attributes the region's growth to its increasing economic ties toChina. Ten years ago, there was almost no commerce ...
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SUNY "Report Card" Shows Need for STEM Students
WNED
While SUNY waits for that effort to pay off, they'll recruit more readymade STEM enrollees: international students from places like India, China and Russia. "It's a no brainer that we should be recruiting those students in these programs. ...
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WNED
Apple Cuts IPad Orders in China, Looks for Suppliers
Mobiledia
After the report, Apple's stock price fell two percent, prompting analysts to predict slower iPad 2 sales were to blame for Apple's scaling back on orders. A pooreconomic climate in Europe and the US potentially resulted in lower than expected sales, ...
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Mobiledia
Letter: Improve America's economy by bolstering, encouraging small business
TCPalm
Tax on goods from China — 2 percent the first year, 4 percent the second year, up to 20 percent. • Free up the money. Establish a requirement that banks must provide sound loans to small business. Miro. In the mind of the bureaucrat extorting your ...
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U.S. Ranked No. 1 In Tech Competitiveness
InformationWeek
Visit InformationWeek's Global CIO -- our online community and information resource for CIOs operating in the global economy. After making "impressive headway" in the previous IT competitiveness ranking, China moved up only one position this year, ...
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North Korean Economy Watch » Blog Archive » DPRK-China trade ...
By NKeconWatch
North Korea's trade dependence on China deepened over the past four years, in contrast to a reduction in South Korea's share in the North's external trade, Seoul's Unification Ministry said in areport Sunday. ... The North's Premier Choe Yong- rim and his Chinese counterpart Wen Jiabao “pledged to promote trade, investment and economic cooperation” between the nations during a meeting held on Monday night during Choe's official visit to China, Xinhua news agency said. ...
North Korean Economy Watch
Threat of Chinese recession could affect Canadian economy - The ...
By CanEquity News Staff
The National Post recently explained a scenario that could heavily affect the country's economy. ...CanEquity News Staff on September 27th, 2011. Canadian economy · Magnifying glass. The National Post recently explained a scenario that could heavily affect the country's economy. While Canada has remained one of the world's best-performing markets in recent months, its luck could potentially run out soon, according the report. Earlier, China recorded its third-straight month of ...
The CanEquity Blog
Investors urged to be more defensive | China business news
By CBN
“The trend of sliding earnings has just started,” Gao said, who predicted that non-financial firms mayreport negative growth in earnings in 2012. He suggested investors pay more attention to the consumer-related ... Gao said the growth in the Chinese economy may continue to slow in the fourth quarter of this year and next year, and the government is likely to maintain its monetary tightening stance since inflation will remain high. UBS has cut its forecast of growth in the world's second ...
China business news
Proposed VIE Reforms Would Require Chinese Regulatory ...
By wangxing
(iChinaStock News) Proposed reforms to China's VIE structure were disclosed by the Chinese press today. If accepted, firms would ... A leak of the report was published by The Economic Observer inChinese today. The report describes ...
iChinaStock
The Taiwan Economic News - China Economic News Service
Taiwan Economic News | My CENS | Inquiry Cart. ----- All Product Categories ----- , Auto Parts ...Taiwan Economic News · Daily Prime News · Special Reports ...
cens.com/cens/html/en/news/news_inner_37799.html
IMF cuts China 2011-12 economic growth estimates CCTV News ...
China's economy appears to be slowing, but only mildly, and growth remains relatively strong," Andrew Pease, chief investment strategist of Russell Investments ...
english.cntv.cn/20110923/109743.shtml
Does Democracy Stifle Economic Growth? TED Talk ... - China Debate
MIT economist Yasheng Huang compares China to India, and asks how China's ... Great news for our partners and clients- @China_Daily reports TMall predicts ...
chinadebate.com/.../does-democracy-stifle-economic-growth-t...
GM OK's electric vehicle cooperation with China - Economy news
Economy breaking news and pictures ... GM would not say how much it's investing in the venture with Chinese ... TO GO WITH STORY IRAQ - SAVING THE ...
www.mail.com/.../705088-gm-oks-electric-vehicle-cooperatio...
Why China is all that matters - 1 - how to invest - MSN Money
But the rally wouldn't last long if economic numbers and anecdotal news reports fed into worries about slower-than-expected growth in China. On the other hand ...
money.msn.com/.../why-china-is-all-that-matters-jubak.aspx
World Bank report suggestions Latin American long-term economic ...
World Bank report that China wants to play in Latin America, long-lasting positive impact on the need to ... Finance-ol.com: Home>>Financial News>> Reading ...
www.finance-ol.com/.../world-bank-report-suggestions-latin-a...
India, China to hold maiden strategic economic dialogue [newKerala ...
India, China to hold maiden strategic economic dialogue - New Delhi/Beijing, Sep 25 ... Read other india-news stories ... 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-74675.html
Internal and external pressure to resolve China's economy as the ...
Latest China News » Economy News » Internal and external pressure to ... September 12 O ECD's latest report, expected in the second half, the Group of Seven ...
www.chinastudygroup.org/internal-and-external-pressure-to-r...
Vice-Premier urges economic transformation in C China
Vice-Premier Wang Qishan on Monday urged six central China provinces to ... Vice-Premier urgeseconomic transformation in C China ... Report Your News ...
www.allvoices.com/.../10442581-vicepremier-urges-economic...

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