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Oct 1, 2011

CHINA Economy News, Oct 01, 2011


US Stocks Tumble, Capping S&P 500's Worst Quarter Since 2008
BusinessWeek
A report this week showed a gauge of Chinese manufacturing shrank a third month, the longest contraction since 2009, as measures of new orders and export demand fell. US economic reportssignaling improvements weren't enough to keep stocks elevated. ...
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China manufacturing shows slight gain in September, seen as sign economy stable
Washington Post
“The domestic economy is now in good shape, but from an international point of view, the global manufacturing index has been declining since March,” the report by the Federation of Logistics noted. It said most areas showed only modest improvement, ...
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China's Top Industrial Park: Standing Out from a Growing Crowd
MarketWatch (press release)
... National Industrial Park by the country's Ministry of Commerce for the 14th consecutive year, but its investment bureau chief Mei Zhihong knows there are stiff challenges ahead as China's economyrestructures, according to a report by ZH STUDIO. ...
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China factory activity picks up, export orders recover
Chicago Tribune
Still, investors have grown increasingly concerned that China's economy may slow more sharply than anticipated. Beijing has tried to orchestrate a modest cool-down to help curb inflation, but a deepening debt crisis in Europe threatens to trigger a ...
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Misguided China Bashing
The Moderate Voice
This action follows on a report issued earlier this month by the Economic Policy Institute indicating that the US trade deficit with China has cost the US 2.8 million jobs. Their line of reasoning is immensely popular and goes as follows: because China ...
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Europe, China woes fuel earnings worries
Reuters
Next week, investors also will be bracing for data on the US job market, among the weakest parts of the economy. The government's September employment report is due Friday, while US manufacturing data from the Institute for Supply Management is due ...
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Reuters
S.&P. 500 Declined 14% in 3rd Quarter
New York Times
Reports from China and Germany fueled the decline on concerns that the global economy is slowing. All 10 categories in the S.& P. 500 slumped as companies most tied to economic growth had the biggest declines. The S.& P. 500 retreated 28.98 points, ...
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China's Premier Wen says economic policies to control inflation, maintain ...
Washington Post
China wants to steer its breakneck economic expansion to a more manageable level and cool inflation that was at a near three-year high of 6.2 percent in August. Wen says the economy has maintained fast growth, inflation has been kept in check, ...
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Global uncertainty takes steam out of commodities
Vancouver Sun
“China's economy — of vital importance to global commodity markets — also appears to be slowing, leading to some unwinding of commodity positions by financial institutions,” she stated in her report. However, Mohr noted that commodity prices, ...
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US Economy: Consumer Spending Cooled in August as Wages Fell
BusinessWeek
The economy is holding in,” he said. “It's hard to say it's accelerating, but it's not contracting either.” Stocks fell, extending the biggest quarterly drop since 2008 for the Standard & Poor's 500 Index, after reports from China and Germany fueled ...
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NYMEX-Crude falls on China data, economic worries
Reuters
Crude futures extended losses immediately after a report showing that personal income fell 0.1 percent in August, against expectations of a small rise. [ID:nCLAUKE73G] Oil prices had already felt pressure from weak manufacturing data from China, ...
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Macau Remains Strong Despite Asian Economic Slowdown
MarketWatch (press release)
The Paragon Report examines the outlook for the Resorts and Casinos Industry and provides equity research on Las Vegas Sands Corporation /quotes/zigman/355622/quotes/nls/lvs LVS -7.23% and MGM Resorts International /quotes/zigman/233898/quotes/nls/mgm ...
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Middle TN jobs gloom eases
The Tennessean
The Economic Cycle Research Institute, a New York forecasting firm that publishes a widely watched weekly economic indicator report, predicted Friday that “the US economy is indeed tipping into a new recession.” That would be part of a long-term trend ...
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Worries resurface over China's 'wild wave' lending
MarketWatch
By Chris Oliver, MarketWatch HONG KONG (MarketWatch) — Concerns over China's shadow banking system were back in focus Friday after Credit Suisse characterized the rapid growth of informal lending as a “wild wave” and warned of dire economic ...
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US Stocks Fall, Extending Biggest Quarterly Drop Since 2008
BusinessWeek
30 (Bloomberg) -- US stocks fell, sending the Standard & Poor's 500 Index to its biggest quarterly drop since 2008, after reports from China and Germany fueled concerns the global economy is slowing. The S&P 500 retreated 2.5 percent to 1131.42 at 4 pm ...
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Still a Mixed Picture
FXstreet.com
Most of this week's economic reports that dealt with the consumer continued to flash warning signals. Consumer confidence remains weak, income growth is lagging and home sales remain dead in the water. Reports from the factory sector were decidedly ...
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'Great Stagnation' Looms Without Confidence Gain, Goldman Says
Bloomberg
30 (Bloomberg) -- Qu Hongbin, an economist with HSBC Holdings Plc in Hong Kong, talks aboutChina's economy. A gauge of Chinese manufacturing shrank for a third month, the longest contraction since 2009, as measures of new orders and export demand ...
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China's PBOC Unlikely To Raise Rates In October
NASDAQ
China has shown "obvious" signs of an economic growth slowdown and a weak global economyhas pressured Chinese exports, the report said. The PBOC is unlikely to raise the reserve requirement ratio as it is already at a record high, causing funding ...
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BASE METALS: Copper Falls, Caps Largest Quarterly Drop Since 2008
Wall Street Journal
Some investors feared that a potential default-spurred financial crisis in Europe may spread to industrial sectors, while others focused on economic reports showing contraction in global manufacturing, and particularly in top consumer China. ...
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Hong Kong shares slump to worst quarter in 10 years, China slips
Reuters
"We consider the informal lending market as the most likely short-term 'time bomb' facing the Chinese economy, which could possibly be more abrupt and damaging than the local government debt situation," they said. Though the report was released late on ...
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Canada Dollar Drop Is Largest in Almost Three Years on Economy
Bloomberg
The first monthly report on output for the third quarter suggested the economy has resumed growth after shrinking in the April-to-June period. Economists surveyed by Bloomberg last month predict a third-quarter annualized growth rate of 2 percent, ...
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How to Trade on China's Slowing Economy
CNBC.com
Investors have been beaten up in any number of markets, and if a passel of economicindicators are right, there could be more to come. One of the latest signs was a reporton China's manufacturing sector, which shrank for a third month. ...
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CNBC.com
US Hill Returns to Bernanke, Geithner, China FX, FY12 Spending
MNI News
--Fed's Bernanke to Testify Tuesday on Status of US Economy --Treasury's Geithner to Testify Thursday on Financial Stability Report --Senate to Hold Procedural Vote Monday Evening on ChinaFX Bill --House Expected Tuesday to Pass FY 2012 Spending Bill ...
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UK groups may still see light in China
Financial Times
Reports on industrial production, fixed asset investment and retail sales have all pointed to a further deterioration in Chinese economic growth. Indeed, the latest Purchasing managers' index showedChina's factory sector had contracted for a third ...
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Will October bring investors relief?
MSN Money
In a week with few big earnings reports -- Costco Wholesale (COST) and Yum! Brands (YUM) are the biggest -- the focus will be on the economy, domestic and global. The focus will be not just on economic reports but on actual decisions as well. ...
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MSN Money
Surprising economists, weekly jobless claims fall markedly, but long-term ...
Job.com
Economic reports released over the past few weeks indicated the global economyhas begun to show signs of weakness. China, which has helped to drive worldwideeconomic growth over the past decade, is showing signs of weakness, as its inflated real ...
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Job.com
World stocks drop as investors close trades before quarter end, German vote ...
Washington Post
However, investors are worried about the growth outlook in Europe more than anything else and keeping rates high for longer than anticipated is likely to pinch the economy. Moreover, the euro is suffering as investors' appetite for risk has waned, ...
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GDP expands in July, soothes recession worries
Globe and Mail
Global stocks fell again Friday, capping the worst three-month period since 2008, asreports showed recoveries in powerhouse economies like Germany and China are slowing. The Canadian dollar dipped below 96 cents (US), as investors dumped risky assets ...
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Globe and Mail
Tough battle for eurozone
Malaysia Star
It adds that China is becoming an increasingly important source of final demand due to its robust domestic economy but only to some products, that is, food, fuels and basic manufactured products. Hence, only exporters of these basic products to China ...
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No Country for Old Men: Dave's Daily
TheStreet.com
The economic data that moved markets lower early was the third monthly lower manufacturing report from China and dismal Retail Sales data from Germany adding to the sense of a global economic downturn. The euro zone continues to frustrate most ...
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TheStreet.com
September 30, 2011: Some News That Matters
Business Insider
But there will be no change in the fiscal deficit target of 4.6 per cent for the current fiscal year, he added. http://www.thehindubusinessline.com/industry-and-economy/article2497590.ece?homepage=true China's economic growth will maintain annual ...
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Report: China's Medical Electronics Industry 2011 in Beijing
PCBDesign007
As is illustrated in Strategic Survey of China's Medical Electronics Industry (2011), China's medical electronics industry has maintained a momentum of rapid growth under the comprehensive influences of policy, economy, society and technology. ...
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Stocks Finish Worst Quarter Since Financial Crisis
TheStreet.com
A reading on manufacturing in China declined for a third month in September, according to a report from HSBC Holdings and Markit Economics. Retail sales in Germany, Europe's largest economy, came in below expectations, dropping 2.9% in July. ...
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TheStreet.com
Foreign Investment Brings Cambodia Growth, New Issues
Voice of America
I think the government knows that." Critics say China's economic influence is linked to its political concerns. They point to an incident in 2009 when Cambodia deported 20 Muslim ethnic Uighurs who sought asylum after fleeing violence in China. ...
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7 Days Group Holdings Limited to Hold 2011 Annual General Meeting on November ...
Sacramento Bee
7 Days Group is a leading and fast growing national economy hotel chain based in China. It converts and operates limited service economy hotels across major metropolitan areas in Chinaunder its award-winning "7 Days Inn" brand. ...
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Chinese aerospace execs get 2 years in prison for attempt to violate US arms ...
Washington Post
Two Chinese aerospace executives have each been sentenced to two years in prison for attempting to violate the US arms embargo against China by purchasing thousands of military-grade microchips. Thirty-two-year-old Hong Wei Xian (ZANN) and 33-year-old ...
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Research and Markets: China Grain Grinding Industry Report - 2011
Business Wire (press release)
... to get market shares as China is boosting its domestic needs; to forecast the future of the worldeconomy as China is leading the way; or to compete in the segment. The report provides in-depth analysis and detailed insight into the grain grinding ...
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Al Qaeda Figure Killed; Listeria Toll Rises
Wall Street Journal
The speed at which China has surged as an exporter is overwhelming the normal process of economic adaptation in the US, new research suggests. The study found that regions most exposed to Chinese competition tended not only to lose more manufacturing ...
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Wall Street Journal
Swiss Stocks Retreat on Economic Data; Swatch, Richemont Slide
Bloomberg
“To make further progress, you will need improvement in the fundamentals, either from the economicnewsflow, where data should stop surprising on the downside, but more likely from policy-maker interventions.” In China, the reading of 49.9 for the ...
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S. Korea's trade surplus shrinks to 1.44 bln USD in Sept.
Xinhua
Import growth outpaced the rise in exports, which account for around half of the Asia's No.4economy. Exports grew 19.6 percent on-year to reach 47.12 billion dollars in September, while imports stood at a fresh record high of 45.68 billion dollars ...
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Why Did My Stock Just Die?
Motley Fool
By Rich Duprey | More Articles A better economic report and Europe stepping back from the financial abyss helped drive stocks higher yesterday, but your stock went and took a nosedive. Don't panic, though. First, let's see whether it had good reason to ...
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Business Activity in US Unexpectedly Climbed in September
BusinessWeek
St. Louis-based Emerson Electric, which designs and manufactures electronic and electrical equipment and software, is forecasting robust sales to China that will help offset slower order growth at home as the economy weakens. “I would expect us to have ...
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Dow closes down 2.2%: Stocks' gloomy 3Q ends
USA Today
Traders also have made big moves in response to US economic data, which has mostly suggested a slowdown. A recession in the US looks increasingly likely, mainly because of Europe's struggles and signs of weakness in developing countries likeChina that ...
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USA Today
BP says Pan American stake sale still on
Reuters
LONDON (Reuters) - BP said its plan to sell a stake in Argentina-based oil and gas group Pan American Energy (PAE) to Bridas Corp, half-owned by China's CNOOC (0883.HK), for $7 billion was still on, despite a report Argentinean opposition could scupper ...
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Copper Rout Outpaces Analysts Focused on ... - China Business News
By CBN
While China's economic growth will slow to 9.3 percent this year from 10.4 percent in 2010, it will still be almost six times faster than the U.S., according to the median of as many as 66 economists' estimates compiled by Bloomberg. China accounts for ... It is different today.” Prices will advance to a record $11000 in 12 months as growth in emerging markets “suggest tightening copper fundamentals,” Goldman Sachs Group Inc.'s team of commodity analysts said in a report Sept. 22....
China business news
US-China trade deficit slashed 2.8m US jobs: report|Economy ...
US-China trade deficit slashed 2.8m US jobs: report. Staff Reporter; 2011-09-29; 15:08 (GMT+8). The trade deficit between the US and China has displaced ...
www.wantchinatimes.com/news-subclass-cnt.aspx?id...cid...
HTC Leads Smartphone Market in 5 European Countries | CENS ...
Taiwan Economic News | My CENS | Inquiry Cart ... Germany, Spain and Italy, so far this year, according to the report issued by comScore Inc. in September. ...
cens.com/cens/html/en/news/news_inner_37919.html
Signs of China slowdown add to dim global outlook - Economy news
September 23, 2011 — SHANGHAI (AP) — Signs that the powerhouse Chinese economy is slowing have spooked global markets and sharpened fears that the ...
www.mail.com/.../711430-signs-china-slowdown-add-to-dim-...
eFXnews : Former PBOC Vice Gov: China Economy To Cool More ...
Date: 18 Sep 2011 19:40 EDT Authored By: By China Bureau | SHANGHAI (Dow Jones via eFXnews) China's economic growth will cool down more quickly next ...
www.efxnews.com/.../former-pboc-vice-gov-china-economy-...
China Economic Watch: Manufacturing Tipped to Contract for 3rd ...
China's manufacturing sector may contract for a third straight month in September to mark the longes. ... ECONOMIC NEWSFEATURED ARTICLES ... the period, well above the average level of developing economies, an IMF report warned. ...
www.thechinaperspective.com/articles/chinaeconomicwa-8762/

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