Today: CHINA Economy News, Oct 06, 2011

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Oct 6, 2011

CHINA Economy News, Oct 06, 2011

“China's economic espionage has reached an intolerable level” – US Congressman
Social Barrel
A US lawmaker has said that Chinese economic espionage through cyber attacks has reached an “intolerable” level. Image: ppinacio / Flickr (CC) According to the report, Representative Mike Rogers said that “China's economic espionage has reached an...
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The Global Economic Recovery is Over - Say Finance Professionals
MarketWatch (press release)
The report stresses that, while the economic situation is tough, the constant flow of depressing headlines may be making finance professionals even more pessimistic than conditions actually justify. Three quarters of the 2873 professionals who took ...
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China to Meet Carbon Goals as Total Emissions Rise, Report Says
China Digital Times
China is meeting a pledge to lower its greenhouse-gas emissions relative to its economic growth even as total pollution rises faster than forecast, according to a report from climate researchers. The world's largest greenhouse-gas emitter is reducing ...
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China set to exceed carbon emission forecasts, figures show
The Guardian
Photograph: Carlos Barria/Reuters China is on course to exceed forecasts for greenhouse gas emissions because its economy is growing faster than expected and becoming "locked in" to carbon-intensive activities, two studies warn this week. The reports ...
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TPSC Hearing on China Compliance with WTO Commitments
American Iron and Steel Institute
China is today the world's second-largest economy and the number one country in terms of manufacturing output and exports. Steel producers and other US manufacturers cannot sit idly by for yet another report identifying China's failures to comply with ...
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Fears surface over Chinese debt
BBC News
Investors are worried that China's economy could experience a "hard landing" - a sudden slowdown after years of blistering growth. The property market is thought to be particularly vulnerable, with house prices soaring in the past two years. ...
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BBC News
Our Economy Is Teetering On the Brink of Recession
Fox News
By Peter Morici Friday forecasters expect the Labor Department to report theeconomy added only 65000 jobs in September—my estimate is 80000. Either would be much less than the 130000 needed for the economy to stay even with adult population growth. ...
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Fox News
Inflation saps workers' real wages in major Chinese cities: report
Xinhua
Real wages in those cities have risen just 1 percent since January 2010, the report said. A slowdown in China's economic growth resulted in a month-on-month decrease in the total number of people employed in the 15 cities in June, although the number ...
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HSBC Cuts Asia Growth Estimates on Export Risks, Market Turmoil
BusinessWeek
Emerging-market central banks from China to Brazil have left interest rates unchanged in recent weeks or cut borrowing costs to shield expansion. About $8.4 trillion has been wiped off stocks worldwide this year on concern the global economy faces a ...
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Latam economies to see "modest worsening" -IMF
Reuters
LIMA, Oct 5 (Reuters) - Latin America's fast-growing economies will experience a "modest worsening" in 2011 and 2012 due to the global economic slowdown, the International Monetary Fund said in a report released on Wednesday. ...
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In China, record breaking is all the rage
USA Today
Besides social change, China's growing record list charts economic shifts, too, as the world's second-largest economy starts to enjoy its newfound status. Chinese cities and companies eager for self-promotion account for most new record attempts....
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USA Today
'India-China relations are very complex and very sensitive'
Rediff
The government has told China that it wants to push export of pharmaceuticals and computer software. On September 26 and 27, the first-ever Indo-China Strategic Economic Dialogue took place in Beijing [ Images ] which was led by deputy chairman of the ...
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Daimler's Mercedes sees higher September sales as China, US grow
Washington Post
By AP, BERLIN — Daimler AG says its core Mercedes-Benz unit saw worldwide deliveries rise 2 percent in year-on-year terms in September — with sales in China and the US powering ahead despite growing concerns about the global economy. ...
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US walks fine line on China trade
The National
It hurts our economy. It costs American jobs." Only last month, a report from the research organisation the Economic Policy Institute said the US's trade deficit withChina, which last year hit a record high of US$273.1 billion (Dh1 trillion), ...
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The National
Fitch: LatAm Countries Could be Negatively Impacted by US Double-Dip or China ...
MarketWatch (press release)
NEW YORK, Oct 05, 2011 (BUSINESS WIRE) -- According to a new special report issued by Fitch Ratings today, a potential 'double-dip' in the US or a hard-landing in China would have negativeeconomic implications for Latin American countries. ...
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China Oumei Real Estate Inc. Reports Second Quarter 2011 Results
MarketWatch (press release)
"China's evolution towards a true free-market economy is irreversible, and that's why we do not believe these administrative means to arbitrarily control the market will last in the long term. We are confident that buyers will return to the market as ...
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Renminbi more stable than greenback, euro: Central Bank chief
AsiaOne
He warned that if a trade war between China and the US breaks out, it will be detrimental to mainland China, the US and other parts of the world, including Taiwan. As China is now the world's largest exporter and the second biggest economy, ...
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AsiaOne
China doubts dent iron ore price
The Australian
IRON ore prices took a significant hit in the September quarter as steel prices weakened in China, adding to uncertainty about the trajectory of the world's second-largest economy. The price of Australia' single-biggest export product is expected to ...
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FTSE live: as it happened - October 5, 2011
Telegraph.co.uk
But Bernanke also said that the economy was weaker than he expected, and that poor job growth continued to undercut consumer confidence. Following another slump, the market began rising again following reports that European financial ministers were...
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Telegraph.co.uk
Economic Data, Europe Hopes Send Stocks Higher
Seeking Alpha
Shares of ConocoPhillips (COP) gained while Bloomberg reports that China's State Oceanic Administration said the Boahi Bay field where the oil major, along with its Chinese partner, conducted oil field operations, is still leaking oil. ...
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Is the Arab world poised for a growth spurt?
Jerusalem Post
By DAVID ROSENBERG / THE MEDIA LINE Report says that reforms could spur region's economies to expand 6% annually, labor force participation must be increased. The Middle East and North Africa (MENA) could enjoy a period of rapid economic growth if the ...
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Economic freedom: Are we really progressing?
Business News Americas
The Washington, DC-based Heritage Foundation, in its 2011 Index of EconomicFreedom, once again (for the 17th year in a row, despite or because of the handover to the People's Republic of China), put Hong Kong at the top of the ranking. ...
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Business News Americas
StanChart's McDonnell Favors Korea Stocks Over China
Washington Post
McDonnell also discusses Europe's sovereign debt crisis and the US economy. He speaks from Singapore with Rishaad Salamat on Bloomberg Television's "On the Move Asia." (Source: Bloomberg) (/Bloomberg) Correction: Clarification: SuperFan badge holders ...
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US stocks jump on US data, Europe efforts
MarketWatch
“While the US economy still remains challenging, the view was of Europe and China in the last two months and a wait-and-see attitude seems to be the result rather than a big change in behavior,” he added. Automatic Data Processing reported US companies ...
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Asian markets jump on signs of hope for European debt crisis, positive US data ...
Washington Post
By AP, HONG KONG — Asian stocks rose strongly Thursday following gains on Wall Street, which was boosted by signs that European policymakers will act to support struggling banks and positive US economic data. The dollar strengthened against the euro ...
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FTSE rallies on hope for economic stimulus, banks
Reuters
Luxury goods group Burberry , which has big exposure in Asia and has recently hit by concerns over a slowdown in China, rallied 2.4 percent. Mid-cap British youth fashion retailer SuperGroup , however, slumped 23 percent after it said full-year profit ...
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Evening markets: corn and wheat star as commodities rebound
Agrimoney.com
The US private sector added 91000 jobs last month, above forecasts of 75000 posts, a report from payrolls group ADP said, signalling that all is not lost in the world's biggest economy. A second prop to prices was talk of concerted action among ...
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Molybdenum Price Weak Despite Strong Steel Production
Resource Investing News
There are signs that the Chinese economy is cooling off as well. According to a recent report from Bloomberg, “China's manufacturing may shrink for a third month in September, the longest contraction since 2009.” The report cited the HSBC manufacturing ...
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Half of NYC's small-biz owners are immigrants
Globe and Mail
And as one reflection of the importance of foreign-born people to the economy, a new study finds that nearly half of New York's small-business owners are immigrants, as reported by The New York Times. The study, by the Fiscal Policy institute, ...
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Globe and Mail
Oil's Best See No Reversing Worst Run Since 2008: Energy Markets
BusinessWeek
Manufacturing in China shrank a third month, the longest streak since 2009, an HSBC Holdings Plc and Markit Economics index showed Sept. 30. Fourth-quarter oil demand will increase by 400000 barrels a day to an average of 90.2 million a day, ...
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Russia claims China spy arrest
Channel News Asia
... why it had failed to report the incident. The announcement was made just a week before Prime Minister Vladimir Putin begins a two-day state visit to Beijing aimed at reaffirming the neighbours' joint diplomatic clout and economic importance. ...
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Some Upsides To The Downside
istockAnalyst.com (press release)
The decline, Brady said, is because of poor economic news. "Weak economies cause consumers to cut back on spending and travel" in the United States, she said. European retail sales declined last month. Reports also showed that China's manufacturing ...
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Clinton says China and Russia on wrong side of history in vetoing UN ...
Washington Post
She said she had seen a “gruesome cartoon” on one opposition website that depicted two oil spigots labeled “China” and “Russia” with blood dripping from them. Meanwhile on Wednesday, the Syrian government denied reports, including one from Amnesty ...
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Skilled Indians face a 70-year green card wait
Economic Times
This would "reap significant benefits to the competitiveness of US companies and to the economyoverall" suggests the reports - "Keeping Talent in America" and "Waiting and More Waiting: America's Family and Employment-Based Immigration System. ...
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Europe, economic news take driver seat
Chinavestor.com (blog)
Looking at the economic calendar for the day, the ADP September employment report is first on the menu. 75000 jobs are to be created according to concensus estimates. The Institute for Supply Management will release Spetember non-manufacturing index on ...
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Why Corporate Earnings Don't Reflect The Economy And What To Do About It
Seeking Alpha
Europe is on the verge of some major changes and China is looking more like a bubble every day. On Sept. 13, the Census Bureau released its annual report on income, poverty, and health insurance in the United States. The report said that the number of ...
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Webb: No tech help to China
GoDanRiver.com
In many cases, those technologies were developed through grants, loans and other domestic incentives designed to bolster the US economy and provide a competitive edge for America. A recent US Chamber of Commerce report pointed out that a massive push ...
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Wonkbook: We know what to do. We just can't seem to do it.
Washington Post (blog)
5) Congressional Democrats are considering a millionaires' surtax to pay for the jobs bill, reportsJames Politi: "Democrats in the Senate have discussed a new tax on US millionaires to pay for at least part of $447bn in fresh economic stimulus ...
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SMMEs critical for job creation - Pravin Gordhan
Politicsweb
In the latest World Economic Forum (WEF) Global Competitiveness Report, South Africa gained four places in the rankings. As a country, we now rank 50th in the world, out of 142 countries, and second, behind China, among our BRICS counterparts,. ...
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Seeking Shelter in Consumer ETFs
TheStreet.com
In recent weeks, however, the pressure of economic doubts facing Europe, China and other regions of the globe have begun to take their toll on this hardy market component. Evidence of this shakiness could be seen last Friday when personal income data ...
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China Recycling Energy Announces Acquisition of Shenqiu Power Generation System
Sacramento Bee
Currently, recycled energy represents only an estimated 1% of total energy consumption and this renewable energy resource is viewed as a growth market due to intensified environmental concerns and rising energy costs as the Chinese economy continues to ...
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Yum! Brands' CEO Discusses Q3 2011 Results - Earnings Call Transcript
Seeking Alpha
What I would say though is that I've seen a lot of reports on China, and people are trying to estimate what's going to happen in their economy. And I'm not sure if they're going to be any better than people trying to estimate what happens in the US ...
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Abolish state income tax
Eastern Echo
By James Tatum | THE EASTERN ECHO “China is Michigan's third-biggest export market after Canada and Mexico…” reported the Detroit News, commenting on Gov. Rick Snyder's eight day tour around Asia. “Sales to China in 2010 totaled $2.2 billion, ...
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Editorial Roundup: Excerpts From Recent Editorials
NECN
China is undeniably manipulating its currency. Countries around the world, including the United States, are losing jobs because their manufacturing industries cannot compete with artificially cheap Chinese goods. For the good of the world economy, ...
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Republicans Call for Voluntary Cybersecurity Incentives
PCWorld
Information stolen from US databases equals jobs stolen from the US economy. There are many stories of a small business developing a new product, being hacked, and finding copies of its new product flooding the market at cut-rate prices from China ...
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Inflation saps workers' real wages in major Chinese cities: report ...
By CBN
Real wages in those cities have risen just 1 percent since January 2010, the report said. A slowdown in China's economic growth resulted in a month-on-month decrease in the total number of people employed in the 15 cities in June, although ...
China business news
India and China Enhance Economic Ties Amidst Growing Maritime ...
By Rebecca Graebner
The most recent reminder of the complex relationship dynamics between India and China was the first “Strategic Economic Dialogue” that took place last. ... The Foundry: Conservative Policy NewsBlog from The Heritage Foundation ...
The Foundry: Conservative Policy...
U.S. Solar Panel Manufacturers Seek to File ... - Economy In Crisis
By Dustin Ensinger
In 2009, China became the world's leader in private investment in renewable energy, according to areport by the Pew Charitable Trusts. Even in the midst of the worst recession since the Great Depression, China invested $34.6 billion in ...
Economy In Crisis
Chinese stocks tumble on reports of US accounting probe ...
A number of Chinese companies listed in the US have seen their stock price slump on news that authorities are conducting an investigation into accounting practices. ... Shaken by the report, shares of leading Chinese video-sharing site Tudou ... Party of China · Cross-Straits EconomicCooperation Framework Agreement ...
www.wantchinatimes.com/news-subclass-cnt.aspx?id...cid...
China Economic Report – Live Trading News
Live Trading NewsChina Economic ReportLive Trading NewsShayne Heffernan holds a Ph.D. inEconomics and brings with him over 25 years of trading ...
www.financialbull.org/?p=9784

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