Today: CHINA Economy News, Oct 04, 2011

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Oct 4, 2011

CHINA Economy News, Oct 04, 2011

Congress taking aim at China over currency valuation
Washington Post
By Steven Mufson, Every six months, the Treasury issues a report declaring that China's currency is undervalued, draining dollars and jobs out of the US economy. And every six months, the Treasury defers action, saying the Beijing government is not ...
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New Report: Falling Birth, Marriage Rates Linked to Global Economic Slowdown
University of Virginia
Phillip Longman, senior fellow at the New America Foundation and a co-author of the report, said, "On current course, China is headed for demographic trouble, compared to other rising economicpowers like India. Although marriage remains strong in ...
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Global Manufacturing Clings to Growth Amid Slump in Europe
BusinessWeek
A UK manufacturing index unexpectedly increased in September from the previous month, while an indicator of euro- region output dropped less than initially reported, London-based Markit Economicssaid in separate reports today. In China, output growth ...
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Macau casino stocks hit by VIP revenue worry
MarketWatch
Organizers of gambling junkets are generally risk-averse and prone to scale back their credit risk in a weakening economic climate, according to research by Hong Kong brokerage CLSA, cited in a South China Morning Post report Monday. ...
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MarketWatch
Economy on the Edge of a Nervous Breakdown
Business Insider
The topic was the question on everyone's mind these days: the outlook for China's economy. Over the past several weeks, a number of news reports and market figures have caught my attention, which appear to indicate that China's economy may be ...
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China Consumers Say 'Yum' to Fast Food
Wall Street Journal
By KELLY EVANS Amid growing jitters over the health of the world's second-biggest economy, along comes global restaurant giant Yum Brands with its fiscal third-quarter earnings report due after the closing bell Tuesday. Yum—owner of restaurant chains ...
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U.S. Economy: Manufacturing Unexpectedly Gains on Exports
San Francisco Chronicle
Manufacturing, which accounts for about 12 percent of the economy, may prevent the recovery from being cut short even as consumer spending cools. The report points to "an economy that continues to move sideways, certainly not one that is falling off a ...
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China treads carefully amid US-Pakistan rift
The Express Tribune
Maintaining that delicate balance, China will continue supporting economiccooperation with Pakistan but go slow on defense cooperation. While outwardly all smiles and warm pledges of friendship, China will quietly keep things at arms length....
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The Express Tribune
Asian Economies Weaken as European Crisis Crushes Confidence
BusinessWeek
An increase in a manufacturing index for China released Oct. 1 suggests that the nation's economyis so far weathering the global financial turmoil, although a separate HSBC survey indicated smaller companies are suffering. ...
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Markets: Greece, China Fears Drive Markets Lower
International Business Times AU
Marketwatch reported that on a note CLSA Asia-Pacific Markets analyst Christopher Wood cited a Financial Times report that Chinese officials appeared ready to let many real-estate developers there fail in an economic "survival of the fittest. ...
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Obama administration attempts to lure wealthy tourists to boost consumer spending
Daily Caller
The report notes that while America's economic growth has been relatively stagnant, “China's and India's shot up 10 percent.” The American economy's dependence on consumer spending is well-known, but consumers at home have responded to economic ...
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Volatile $A, China ties hurt investment: report
Business Spectator
International fund managers have told leaders of some of Australia's largest companies that political uncertainty in Australia, as well as a volatile Australian dollar and concerns about the outlook forChina's economy pose significant barriers to ...
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Hedge Funds Cut Oil Bets Most in Seven Weeks: Energy Markets
San Francisco Chronicle
Oil fell 2.8 percent, reaching a seven-week low during the period covered by the report, as the Federal Reserve said there are "significant downside risks" to the US economic outlook. Prices also dropped as data showed China's manufacturing shrank for ...
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China, US drive base station growth
ZDNet Asia
The global market for wireless base station is growing despite the gloomy economic outlook, driven largely by the Chinese and US market, according to a new report released Monday. ABI Research reported that base station shipments this year would ...
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Mid-Day Update: Stocks Fall as Greece Concerns Outweigh Economic Uptick
NASDAQ
(+) YHOO (+4.4%) gains amid WSJ report that China's Alibaba interested in search firm; inks ABC News content deal. (-) BAC (-2.3%) reportedly mulling the sale of its stake in Archstone. (-) ACI (-6.5%) warns for earnings after partial short-term mine ...
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Indonesia's Economy Likely Grew 6.6% On Year In 3Q - Report
NASDAQ
Martowardojo said economic growth is resilient to global uncertainties due to its domestic-driveneconomy, which has attracted new investment into the country, according to the report. Martowardojo said the slowdown in European nations and the US would ...
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Manhattan Apartment Sales Gain as Economy Fuels 'Bipolar' Market
BusinessWeek
New York real estate demand is holding up as a broader economic slowdown provides an opportunity to enter the market. Buyers from China, Korea, South America and Europe fueled a 33 percent increase in condo transactions in the quarter, said Jonathan ...
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Recommended: Cain walks back Perry criticism on race; claims economic plan ...
msnbc.com
He called the whole story a "distraction" and presented to reporters a "lets-get-down-to-business" attitude, saying he was excited to talk to Trump about China and the American economy. That's a major change in tune from Cain, who yesterday said of the ...
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Fast says Canada close to investment deal with China
CTV.ca
At the present rate, the US share of Canadian exports could fall to 60 per cent by the end of the decade, the report states, with countries like China picking up most of the slack. "The post-Great Recession era, and the new mix of economic growth that ...
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CTV.ca
We must get past economics as usual
Ottawa Citizen
With even modest economic growth (certainly much less than we have seen in India and China over the past decade) we are likely to see our current $60 trillion US world gross domestic product (GDP) rise to more than $200 trillion US by the middle of the ...
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Molycorp Set to Announce a Rare Earth Rediscovery
New York Times
An Energy Department report released in December 2010 warned that disruptions in imports of crucial minerals, particularly heavy rare earths, could damage the American economy. Despite their name, rare earths are fairly abundant in the earth's crust. ...
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Agricultural trade deficit with China reducing: COA
eTaiwan News
Taipei, Oct. 3 (CNA) Council of Agriculture (COA) Deputy Minister Hu Sing-hwa said Monday that the agricultural trade deficit with China has continued to reduce, rebutting a contrary report by a local daily published that day. ...
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Race for crown
China Daily
It may be the same rationale that prompted the Southern Media Group to buy the license last year to organize Miss China pageants for the next five years, feeding winners to the Miss World event. "The so-called beauty economy is a platform for ...
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China Daily
Fitch slashes forecasts for global economic growth
Xinhua
Meanwhile, Fitch also revised down its 2011 and 2012 GDP forecasts for Brazil, Russia, India andChina, signaling that emerging markets will not decouple from advanced economies despite having more robust growth prospects. Fitch expects China's economy ...
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Recession Is the Outlook, Despite Manufacturing Report
New York Sun
Mr. Darda believes weak data in the US, plus the ongoing European crisis, plus the China slowdown, plus widened corporate credit spreads and stressful financial conditions, all point to a decliningeconomy and additional stock market drops. ...
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Chicago marathon - bonanza or blip?
WBEZ
He once analyzed the marathon's economic impact report for a previous sponsor, LaSalle Bank. And he thinks the event is great for Chicago. But he says economicimpact statements almost never take into account what he calls leakage. ...
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WBEZ
Foreign banks cut economic forecasts
Taipei Times
Gross fixed capital is expected to contract 1.5 percent this year from last year and expand a modest 1 percent next year, the Citigroup report showed. Taiwan, however, may take some comfort in its trade ties with China, which is forecast to drive 30 ...
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Developers in China slash housing prices
Straight.com
Writing on the American Perspective from China blog, Patrick Chovanec suggests that "China's economy may be approaching a crisis". Chovanec, a professor at Tsinghua University's School ofEconomics and Management in Beijing, adds that "one potential ...
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Canada weaning itself off exports to US
Financial Post
Canadian companies are now 30% less dependent on exports south of the border than they were a decade ago, and if Canada's economy wants to avoid a US recession the best bet is to keep that trend going, according to a new report from CIBC World Markets. ...
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HP Powers Expansion for China's Range Technology
MarketWatch (press release)
"HP will give us end-to-end support for data center design as well as cloud technologies to help us open a green data center and further strengthen the economic development of China." Set to measure more than 7500 square meters, the center will be ...
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U.S. Manufacturing Expands
Wall Street Journal
"So much manufacturing in places like China is geared toward US and European markets." Most data indicate the US economy continues to grow, albeit very slowly. Automobile sales rose in September, driven by a rise in truck and SUV sales, the latest sign ...
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The week ahead on the Hill: China currency, 2012 funding bill on the agenda
Washington Post (blog)
10 am: Federal Reserve Chairman Ben Bernanke testifies at a Joint Economic Committee hearing on “The Economic Outlook.” 10 am: The House Armed Services Committee holds a hearing on “National Defense and the US Military Ten Years After 9/11: ...
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As Myanmar Reforms, Observers Wonder: Who's in Charge?
Wall Street Journal
The move also appears to have upset China. "Even for someone as critical as I, I would say this kind of governmental action needs to be encouraged and welcomed publicly," said Maung Zarni, a Myanmar research fellow at the London School of Economics. ...
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Americans aren't moving as much
USA Today
"At one point, textiles moved from New England to North Carolina and South Carolina," Lang says. "Now they move to China." The bad economy has kept people in place — those who have jobs and those who don't. The employed are afraid to give up their ...
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BMW Dangles 19% Discounts as China's Luxury Market Cools: Cars
BusinessWeek
A tightening Chinese economy may cause “aspirational” buyers, such as those in mid- to upper-level management jobs, to rethink or delay luxury purchases, Laprise said. China's central bank raised interest rates five times in the past year to curb ...
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Stocks start new quarter on back foot
Financial Times
Investors are facing a big week of economic data – culminating in Friday's US jobsreport – from which the bulls will be desperate to glean some succour. The start has been mixed. While China's PMI was a bit better than expected, India's report showed...
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Financial Times
NBR Transcripts for October 3, 2011-Full Episode
PBS Nightly Business Report
FRIEDMAN: I don't think we need to copy anything about China except this. China today is getting 90 percent out of what I would call an inferior political economic model. We are getting 50 percent out of a superior model. ...
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Bleak economic news sends market plummeting
MoneyRates (blog)
Although investors later came back and gobbled up some bargain-basement buys on stocks, the economic news in general from the Federal Reserve, foreign markets and even China has not been good. The Fed's plan to sell $400 billion in shorter-term ...
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MoneyRates (blog)
Obama's likeness used to sell fried chicken in China
Atlanta Journal Constitution (blog)
While President Barack Obama seeks the secret recipe for US economic growth, a fast-food restaurant in China is inferring he's already privy to Colonel Sanders' secret for fried chicken. The Daily Mail and other media outlets report Obama Fried Chicken...
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Atlanta Journal Constitution (blog)
South Florida gas prices fall amid bleak economic conditions
Bizjournals.com
Oil prices fell last week amid reports of slowing consumer spending in the US, China'smanufacturing index falling for a third consecutive month and European retail sales declining further. "Economic news is not looking good in the long term, ...
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Economic woes sink stocks globally
Chinavestor.com (blog)
Consequences of Greece's default are too dire to contemplate. China has its own problems. A slowing global economy is hurting exports while inflationary pressure and bad bank loans prompted additional monetary tightening measures. ...
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Economic Outlook: Business as unusual
istockAnalyst.com (press release)
"One time, gigantic military expenditures were left out, and another time billions in hospital debt," thereport said. The issues with dishonesty went further than that with huge cross-currency swaps involving Greek debt, a brazen disregard of Europe's ...
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The great end of Q3 bloodbath could prove to be a great buying opportunity
FXstreet.com
However Friday saw better US readings and this weekend has produced stronger export data fromChina, belying fears that they are in a slowdown. In our euro commentary we argue that the ECB will eventually be forced into a massive injection of freshly ...
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The Clinton doctrine on economic statecraft: Clinton to urge US diplomats to ...
Yahoo! News Blogs (blog)
(David Karp/AP) As a practical matter, the complex work of managing American relations with China--the leading creditor of the United States--falls only in part to America's top diplomat, Secretary of State Hillary Clinton. ...
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Yahoo! News Blogs (blog)
Why the Gold Market Action is Not What You Think
Resource Investor
I believe that a few central banks – central banks that have been fairly regular buyers including Russia and China (which does not report or publicize its purchases) have stepped up their purchases in reaction to the lower, more attractive, ...
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Economy on the Edge of a Nervous Breakdown « Patrick Chovanec
By prchovanec
The topic was the question on everyone's mind these days: the outlook for China's economy. Over the past several weeks, a number of news reports and market figures have caught my attention, which appear to indicate that China's economy ...
Patrick Chovanec
China: Economy on the Edge of a Nervous Breakdown @ Forex Factory
The topic was the question on everyone's mind these days: the outlook for China's economy. Over the past several weeks, a number of news reports and market ...
www.forexfactory.com/news.php?do=news&id=318420
China Is An Economy On The Verge Of A Nervous Breakdown
Over the past several weeks, a number of news reports and market figures have caught my attention, which appear to indicate that China's economy may be ...
www.businessinsider.com/the-truth-about-the-china-an-econo...
Tibetans face up to China's economic juggernaut - ABC News ...
ABC's Foreign Correspondent gains extensive access to China's wild and isolated Yunnan ... But now the region is coming face-to-face with China's economic juggernaut. ... You can see more of this story on Foreign Correspondent here. ...
www.abc.net.au/news/2011-09-27/mcdonell-tibet/2956270
Dailymotion - ECONOMY REPORT 2011.09.30 (21:30) - a News ...
TUSSLE CONTINUES] China and Europe continue to spar over the former's WTO status.Hello and welcome to Economy Report. I'm ...
www.dailymotion.com/.../xlewcz_economy-report-2011-09-3...

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