Today: CHINA Economy News, Oct 05, 2011

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Oct 5, 2011

CHINA Economy News, Oct 05, 2011


China Emissions Rising While Carbon Intensity Falls, Report Says
BusinessWeek
An economy that's expanding faster than projected will push China's overall emissions about 1 gigaton higher in 2020 than previous calculations predicted, according to a report issued today by Utrecht, Netherlands-based Ecofys, a renewable-energy ...
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European, US debt crises adds uncertainties to global economic recovery: report
Xinhua
BEIJING, Oct. 4 (Xinhua) -- China's foreign exchange regulator said that the European and US sovereign debt problems could cause three major impacts on the global economy and the financial markets. The State Administration of Foreign Exchange said in a ...
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The China Economic Model Is Unsustainable, Just a Redder Version of Keynesianism
The Market Oracle
Writing for the Casey Report, James Quinn described China's economy as "a house of cards," and pointed out, "Fitch downgraded the country's credit rating and warned there was a 60% chance the Chinese banking system will require a bailout in the next ...
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The economic reality of US threats
The Express Tribune (blog)
Let's see if the war ground can really be extended to Pakistani mainland, given the vulnerable interests of other fast growing economic players of the region, specificallyChina and India. The 2011 report titled “Asia 2050: Realizing the Asian Century” ...
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The Express Tribune (blog)
US bill sparks China trade warning: report
Business Spectator
Experts say a trade war is unlikely, but concerns about China's economic outlook persist and speculation is growing that the Chinese government may begin to look at possible monetary easing to address its slowing economy. “Our view is that there is ...
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Asia Monsoon Economic Losses Near $7bn According to Aon Benfield September ...
MarketWatch (press release)
Published by Impact Forecasting, the firm's catastrophe model development center of excellence, thereport reveals that seasonal monsoonal rains triggered significant flooding and landslide events throughout parts of Asia during the month, with China, ...
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Lawmakers get tough on China over currency, Taiwan, unprecedented threats of ...
Washington Post
As China has emerged as the world's second-largest economy and military power, it is has become an increasingly familiar target of criticism in Congress as the US heads into an election year. Copyright 2011 The Associated Press. All rights reserved. ...
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Goldman Sachs says world economy will probably expand 3.5% in 2012
Economic Times
The world economy will probably expand 3.5% in 2012, compared with an earlier prediction of 4.2%, Goldman's economists Jan Hatzius and Dominic Wilson wrote in an October 3 report. "With recent GDP revisions by our economists falling hardest on Europe ...
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Economic Protests Spread Across Country
Fox News
Well, China 30 years ago introduced corporate personhood, meaning capitalism into its economy, even in an imperfect way. And as a result of that one decision, more people were lifted out of destitution and poverty than any in the history of the world, ...
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Goldman Sachs Cuts GDP Forecast for Australia
CNBC.com
Goldman Sachs has downgraded its growth outlook for the Australian economy, driven by expectations of a recession in Europe in the near-term as well as weaker growth in most other parts of the world including the US, China, India and Korea. ...
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CNBC.com
J. Peter Zhang: U.S. Manganese Supply Is a Strategic Necessity
Business Insider
The Critical Metals Report: The United States Department of Defense named manganese a strategic metal 30 years ago, but China still dominates the global production of electrolytic manganese (EMM) with 98% of production. What are the safety and economic ...
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Dow Sticks to $10 Billion Profit Target as Economic Growth Slows
Bloomberg
The forecast assumes zero to 1 percent economic growth in developed Western economies and continued “robust” growth in China and other developing countries, he said. Liveris, who advises President Barack Obama as co-chair of the Advanced Manufacturing ...
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Citigroup revises Taiwan's forecast 2011 GDP growth to 4.8%
eTaiwan News
Other major factors include the stability of China's economy and the Chinese yuan, and cross-strait development from now until late 2012, during which both governments will face transitions, Cheng said. Because growth forecasts in Europe and the US ...
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Fuzzifying fossil subsidies
National Post
With green-energy policies proving increasingly costly and destructive, the attack on alleged fossil-fuel subsidies has been given a new slant: Now it's all about confronting the global economic crisis. On Tuesday, the International Energy Agency and ...
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Central bank chief reiterates TWD stability amid turmoil
China Post
The remarks by Perng Fai-nan, governor of the Central Bank of the Republic of China (Taiwan), were made in a report submitted to the Legislative Yuan, where Perng will make a policy briefing today. According to Perng, since the beginning of September, ...
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China pledges support for necessary, reasonable reform in UN
Xinhua
Speaking at a plenary meeting of the General Assembly which reviewed the UN secretary-general'sreport on the work of the organization, Wang Min, Chinese deputy permanent representative to the UN, said that China supports the necessary and reasonable ...
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Locked into a dangerous US alliance
The Guardian (Australia)
China's economy has grown by a factor of 20 in the last 25 years. India's economy is projected to overtake the size of the US economy by mid-century. Even Indonesia's economic growth rate is putting that of developed countries in the shade. ...
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Asia Pacific Solar Photovoltaic Market Outlook to 2015 - China and Taiwan ...
MarketWatch (press release)
China Solar PV Annual Installed Capacity, 2011-20154.9.3. China Solar PV Power Per Capita, 2011-20154.9.4. China Total Electricity Demand and Solar PV Electricity Contribution, 2009-20154.10. China Macro Economic Indicators: Current and ...
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MarketWatch (press release)
India-China Strategic Economic Dialogue: Another Positive Step - Analysis
Eurasia Review
In the past there had been mechanisms such as the India-China Joint Economic Group (JEG) onEconomic Relations and Trade, Science and Technology (ministerial-level; established in 1988); a Joint Study Group (set up in 2003); a Joint Task Force (report ...
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Shanghai Closes Plants Using Lead
Wall Street Journal
"Underpinning China's lead-poisoning epidemic is a tension between the government's goals for economic growth and its efforts to curb environmental degradation," says the June report, which is based on examination of the ill effects of manufacturing in ...
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Wall Street Journal
Turkey M&A Beats BRICs as Economic Boom Attracts Goldman, Diageo
BusinessWeek
Deals dropped this year in Brazil, India and China, while mergers and acquisitions grew 50 percent in Russia, the data show. Turkey's $735 billion economy grew 8.8 percent in the second quarter, faster than India's and more than four times the euro ...
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Analyst View, Impact of Global Events - Research Report on China Mobile Ltd ...
MarketWatch (press release)
As of March 31, 2011, its total number of customers was approximately 600.8 million. The entirereport on China Mobile Ltd. (ADR) /quotes/zigman/263044/quotes/nls/chl CHL +1.28% is available here: www.WorldStreetFundamentals.com/Report.php?id=CHL . ...
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Strong retail spending in August clouds outlook for interest rates
The Australian
AUSTRALIAN consumers shrugged off rising unemployment and fears of a two-speed economy in August, increasing spending broadly for the second straight month. For the month, Australian retail sales rose a higher-than-expected 0.6 per cent to a seasonally ...
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China ETFs and the Regulatory Hammer
TheStreet.com
With macroeconomic concerns weighing heavily across the globe, fears of a "hard landing" for this global economic growth engine are once again making the rounds. Slowdown fears will likely present a challenge for ETFs designed to target the Chinese ...
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Sex Gap Isn't Just Stupid, It Squanders Billions: William Pesek
BusinessWeek
In 2010, it ranked a dismal 104th in a World Economic Forum report on the gap between men and women. It trailed the United Arab Emirates, Suriname and Azerbaijan. That's quite a blemish on an otherwise successful economy (Japan ranked 94th, ...
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Copper Rout Unlikely to Halt Chile $67 Billion Bet: Commodities
BusinessWeek
While there has been “some adjustment” in China's imports, the change hasn't been “significant,” the minister said. Copper slumped 32 percent since reaching a record $10190 a metric ton in February as mounting concern about growth eroded expectations ...
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Report: Base station spending to jump 14% in 2011
FierceWireless
Worldwide spending on mobile base stations will increase 14 percent in 2011 despite continued sluggishness in the global economy, according to a new report from ABI Research, indicating that carriers will continue to try and keep up with surging data ...
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US senator urges Twitter diplomacy in Latin America
Reuters
The State Department should do more to help Latin American countries address shortfalls in infrastructure and know-how, particularly as economic competitors such as China compete with the United States for influence in the region, it said. ...
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China sales could be game changer for rice farmers
The Associated Press
With the decision to import US rice fraught with economic and cultural consequences, Zhan wouldn't say when the Chinese inspection agencies might make a decision. "It's not easy for me to give a prediction," he said. The great hope is that as China's ...
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The Associated Press
Russia, China veto U.N. resolution against Syria
USA Today
Article 41 authorizes the council to impose nonmilitary measures which can includeeconomic and diplomatic sanctions. The draft also would have strongly condemned "the continued grave and systematic human rights violations and the use of force against ...
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USA Today
ADR REPORT-Euro banks gain late; recapitalization plans cited
Reuters
Chinese stocks fared the best after investors dumped them recently due to fears of a hard landing in the world's second largest economy. Hong Kong shares fell earlier on Tuesday for a fourth straight session to 2-1/2 year low. "China is going to be an ...
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Crude oil pulls back from 1-year low on Bernanke comments
Moneycontrol.com
Forexpros - Crude oil futures pared sharp losses on Tuesday, pulling back from the lowest level since September 2010 after Federal Reserve Chairman Ben Bernanke said the central bank is prepared to take further steps to support the US economy. ...
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US lawmakers demand action over alleged China cyber attacks
Los Angeles Times
Coviello did not blame China at the hearing, but a report in the September issue of Vanity Fair magazine said experts working for US intelligence identified China as the culprit. The US government does not spy on behalf of individual companies or ...
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Senate Democrats Eye Elections in Split With Obama Over Jobs
BusinessWeek
The disunity is on display this week in Washington, where Senate Democratic leaders delayed action on Obama's $447 billion jobs bill to advance a measure he doesn't support that would retaliate against China for undervaluing its currency. ...
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Global-Tech Announces Appointment of Chairman of the Board
MarketWatch (press release)
The primary focus of its subsidiaries is to develop and market high-quality products and services for the communications industries within the China market, as well as markets in North America, Europe, and other countries throughout the world. ...
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Report on Maine's Education System Indicates Progress
MPBN News
Governor Paul LePage (R), his education commissioner, school district officials and business executives all had the same warning Monday night at a public forum in Rockland: Maine's mediocre schools are putting the state's economic future at risk. ...
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Primary Status: Veteran GOP activist, former 'TPaw' supporter Cahill backs ...
The Union Leader
Huntsman, the former Utah governor who also served as the US Ambassador to China until earlier this year, will deliver the address on Oct. 10 at 11 am at Southern New Hampshire University's Walker Auditorium, hosted by the World Affairs Council of New ...
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The Market's European Fixation
InvestorIdeas.com (press release)
What we have been seeing in recent days is that Europe-related headlines are trumping positive domestic economic reports. We saw that with Monday's manufacturing ISM report, and that wasn't the first time this happened. It appears that the market has ...
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Interbrand Releases 12th Annual Best Global Brands Report
MarketWatch (press release)
The past year was marked by remarkable growth in the auto industry, driven primarily by aneconomic recovery in classic European markets, a resurgence of the US automotive industry and high demand for cars in China. Nissan Motor (#90), Japan's second ...
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Business Highlights
The Associated Press
Bernanke says that the economy is growing more slowly than the Federal Reserve had expected and that the biggest factor depressing consumer confidence is poor job growth. Bernanke says: "We need to make sure that the recovery continues and doesn't drop ...
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US HOT STOCKS: Yahoo, Yum Brands Active In Late Trading
Wall Street Journal
(IOC, $34.05, -$5.20, -13.25%), a developer of liquefied-natural-gas projects in Asia with startups set for beyond 2014, declined amid concerns that a global economic slowdown would hurt LNG demand in countries such as China and Japan, ...
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Cheesecake Factory, Texas Roadhouse ranked as top casual dining choices
Los Angeles Times
Casual dining patrons prefer the Cheesecake Factory by far, according to a new report suggesting that customers –- even faced with tough economic times –- are still willing to swallow a bigger bill. Revenue at the Calabasas Hills-based company is up ...
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Bonds drop as Bernanke pledge dents safety bid
Reuters
By Chris Reese NEW YORK (Reuters) - Treasuries prices fell on Tuesday after the Federal Reserve chairman reiterated the US central bank is ready to take more steps to help the economy, reducing investor anxiety and the safe-haven allure of bonds. ...
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Oil below $76 in Europe as Greece rocks markets, weak manufacturing suggests ...
Washington Post
In a separate report that could have implications for the energy markets, the investment bank cut its expectations for economic growth in China as the US and other countries order fewer Chinese-made products. Wunderlich Securities also cut its forecast ...
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UPI NewsTrack Business
UPI.com
China's central bank said the bill would do more harm than good, as it would "seriously affect" the country's process of raising the value of its currency, while not providing significant relief to the USeconomy. The Ministry of Commerce called the ...
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A 'Carbonizing Dragon': Construction Drives China's Growing CO2 ...
More news from University of East Anglia ... As a result of this transformation of China's economy, more and more CO2 was released per unit of gross domestic product – a reversion of a long-term trend. ... A new report this week in the Proceedings of the National Academy of Sciences Early Edition shows that crop productivity improvements and carbon emission limits together could prevent widespread tropical deforestation over the next 100 years -- but if relying on either one alone, ...
ScienceNewsline - Top Science News
No hard landing for China: Roach | News | Financial Post
An expected soft landing for China's economy will be a stabilizing force for global investors, but ongoing government efforts to make the country more resource efficient will likely keep commodity prices in check and could weigh on Canadian markets, says Stephen S. Roach, the non-executive chairman of Morgan Stanley Asia. ... Markets bounce back on reports of co-ordinated EU debt action · iPhone 4S announcement disappoints · Newsmore. Corporate News · Economy · Energy ...
FP Top Stories List
Markets: Investors Ignore Economic News
Or it frets about slowing economic growth, especially in China and emerging ... holding up globaleconomic growth at the moment) and ignores news reports and ...
m.ibtimes.com/markets-investors-ignore-economic-news-au-ib...
Rediscovering China 2011-09-24 Wuxi´s economic story CCTV ...
Rediscovering China 2011-09-24 Wuxi's economic story. 09-24-2011 08:46 ... Space: Chinalaunches Tiangong-1 · - Military: ... 28, 2011. Picture in news more ...
english.cntv.cn/program/rediscoveringchina/.../102388.shtml
Volatile $A, China ties hurt investment: report | News | Business ...
People in the News; Companies in the News; World Business News ... outlook for China's economy pose significant barriers to investment in Australian shares, ...
www.businessspectator.com.au/.../Volatile-A-China-ties-hurt-i...

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