Today: CHINA Economy News, Oct 24, 2011

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Oct 24, 2011

CHINA Economy News, Oct 24, 2011


Chinese Officials Receive Prison Terms for Economic Data Leaks
New York Times
By DAVID BARBOZA SHANGHAI — China sentenced two government officials to prison terms Monday for leaking confidential economic data to stock traders before the official releases, according to state prosecutors. Wu Chaoming, a researcher at the Finance ...
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Chinese Manufacturing Rebounds in October
Fox Business
The PMI data could soothe persistent investor fears of an abrupt slowdown, or hard landing, in China's economy that could send an already fragile world economy into a recession. "Thanks to the pick-up in new orders and output, the headline flash PMI ...
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China Economy Is Rebalancing, Surplus Declining, Zhou Says
BusinessWeek
It would allow manufacturers to seek duties on Chinese imports if they can prove they were harmed by manipulation of the yuan. Treasury Secretary Timothy F. Geithner said in an Oct. 11 interview that China should allow its currency to appreciate and ...
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Analysis: Dragon tail risk: The cost of a China crash
Reuters
The Chinese national flag is seen in the financial district of Pudong in Shanghai September 22, 2011. By Emily Kaiser, Asia EconomicsCorrespondent (Reuters) - The China hard-landing debate is a classic tail risk story -- an unlikely scenario, ...
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Reuters
Chinese backs up against wall
Sydney Morning Herald
With more deposits at their disposal and a more flexible interest rate policy, banks would be able to price risks more easily and thus lend more to SMEs. Yao Yang is director of the China Centre for EconomicResearch at Peking University. ...
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Sydney Morning Herald
Spread Over Treasuries Shrinks as Economy Slows: China Credit
BusinessWeek
By Kyoungwha Kim and Lilian Karunungan Oct. 24 (Bloomberg) -- Chinese government bonds' yield premium over US Treasuries is shrinking at the fastest pace this year aseconomic growth prospects dim, discouraging capital inflows that stoke inflation and ...
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Brent crude rises above $110 on EU optimism
Reuters
By Philip Baillie LONDON (Reuters) - Brent crude oil rose above $110 a barrel on Monday after stronger Chinese manufacturing data suggestedChina's economy may not be in as much danger as feared, supporting fuel consumption and outweighing fears over ...
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Reuters
Chinese market increasingly important to US economy, jobs: business council
Xinhua
WASHINGTON, Oct. 24 (Xinhua) -- The US-China Business Council (USCBC), a leading bilateral business organization, said on Monday that the Chinese market is becoming increasingly important to the US economic growth and job creation. ...
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Chinese leader urges North Korea to better US ties
BusinessWeek
China has for years urged North Korea to refrain from ratcheting up tensions and to undertake serious reforms to strengthen an anemic economy that is failing to meet basic needs for its people. The visit of the Chinese vice premier is highlighting ...
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China's Economic Slowdown Could Signal Significant Downturn in Silver Demand
MarketWatch (press release)
"Concerns about a possible hard landing for the Chinese economy has weighed on mining stocks," David Jones, chief marketing strategist at IG Index, explains. "It is difficult to see a catalyst for further gains in the short term. ...
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Chinese vice premier meets DPRK's top lawmaker on ties
Xinhua
The DPRK side is willing to work side by side with China to deepen cooperation in such fields as politics, economy and culture, said Kim, who is also chairman of the Presidium of the Supreme People's Assembly of the DPRK.
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Levelling the Chinese economic playing field
Business Standard
By adding this in, the Chinese government is looking at a few different things. Number one, it increases overall the funding going into its social services. This is important asChina's wealth gap grows and as the Chinese look at potential economic ...
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Global Economy Woes Dim Forecasts for China's Copper Demand
China Briefing
Westgate also expressed a similar opinion, adding that the price factor is also affectingChina's copper replenishment. “Chinese buying is highly price-sensitive and we do not expect current (import) activity to morph into a major restocking episode,” ...
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Chinese Slowdown Could Hurt Korean Exporters
The Chosun Ilbo
The reason Korean businesses were able to weather the global economic crisis was that China's economy remained relatively unscathed. But if China's economywobbles, Korean businesses will inevitably be hit. Danger signs are appearing. Chineseexports ...
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Local market surges on China, Europe news
ABC Online
Shares ended the day up, bolstered by good news about the Chinese economy and optimism about Europe. Local shares have surged nearly 3 per cent, or about $35 billion, amid good news about the Chinese economy and optimism in Europe. ...
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FTSE rises as Chinese data boosts miners
Reuters
By David Brett LONDON, Oct 24 (Reuters) - Commodity stocks helped Britain's FTSE 100 rise early on Monday as manufacturing data from China boosted demand hopes and as some progress was seen in talks to solve Europe's debt crisis. ...
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Chinese ambassador calls for new strategic, long-term perspective on China-US ...
Xinhua
The core of China's 12th Five-Year Plan is to transform the mode of economicdevelopment and the US is striving to jumpstart its economy through revitalizing its manufacturing, strengthening infrastructure and expanding export, said Zhang. ...
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China's passenger and freight traffic growth forecast cut amid deteriorating...
CAPA - Centre for Aviation
China Eastern Airlines executive director Luo Zhuping said this month the global economic slowdown had made it more difficult for Chinese carriers to operate long-haul international routes. Separately he noted the carrier is “not optimistic about the ...
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CAPA - Centre for Aviation
China Growth to Weaken to 7% in Next 12 Months, Pimco Says
BusinessWeek
Chinese gross domestic product increased at the slowest annual pace since 2009 in the third quarter, driving concern Europe's debt crisis may dent growth in the world's fastest- growing major economy. China's policy makers will move to decrease its ...
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Still Strong
Beijing Review
The Chinese Academy of Social Sciences (CASS) expected China's economy to grow 9.4 percent in 2011, down from 10.3 percent last year. It attributed the slowdown partly to the country's intense economicrestructuring that allows the economy to depend ...
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Beijing Review
China has undermined its moral system: Barme
ABC Online
I mean, you're facing a China - and the Chinese world; it's not just the People's Republic of China, but Taiwan and Hong Kong, Singapore and the global Chinesecommunities. These are communities that are part of a remnant socialist economy and...
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Cultural industry crucial to China's economic development
Xinhua
The total value-added output of the cultural industry across China in 2010 topped 1.1 trillion yuan (around 172.95 billion US dollars), or about 2.78 percent of the country's GDP. The Chinese cultural industry is showing vigorous vitality. ...
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In China, Nixon focuses on trade deals, not tax credits
STLtoday.com
Jay Nixon this morning (or tonight in China) got on the phone with reporters back home to tout a new trade deal between his state and the world's fastest-growing economy. But, as you might expect, most of the questions centered on the legislative deal ...
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Chinese See Communist Land Sales Hurting Mao's Poor to Pay Rich
BusinessWeek
Some 60 million farmers will be uprooted over the next two decades as the urbanization that propelled China to the world's second-largest economy gathers pace, according to an estimate by the Chinese Academy of Social Sciences in Beijing. ...
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China Faces 'Huge' Income Gap, Instability, Soho's Zhang Says
BusinessWeek
By Bloomberg Oct. 24 (Bloomberg) -- Soho China Ltd. Chief Executive Officer Zhang Xin comments on the Chinese economy and social stability. “The Chinese government now is in a very tricky place. For the last 30 years, it's been just growth; ...
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Chinese officials jailed for leaking economic data | The Associated ...
By The Associated Press
Two Chinese officials have been jailed for leaking key economic data that can move global financial markets, in a breach that triggered a government crackdown to tighten secrecy, officials said Monday.
Examiner AP RSS
The 4th Media » Made for China …
By Jason Lee
Imported beverages at an international food exhibition in Zhengzhou, Henan province.China's drive to increase imports could provide a boost for the crisis-ridden globaleconomy. [Photo/ China Daily. Foreign firms are eyeing the Chinese ...
The 4th Media
Global Economy Woes Dim Forecasts for China's Copper Demand ...
By China Briefing
By Vivian Ni Oct. 24 - The debt crisis in Europe as well as the struggling economy in the United States may cloud the prospect of China's demand for copper,
China Briefing News
Research on the Crisis Warning Mechanism and Evaluation System ...
By rain
Also foreign trade has become a major driving force stimulating national economicgrowth. Foreign trade enterprises are the main body of China's foreign trade. When the country's foreign trade operation rights is opening and a growing ...
Economics Papers,Economics Term...
China Economy: HSBC Flash PMI Points to China Factory Upturn ...
China's vast manufacturing sector picked up moderately in October, snapping a three-month contraction and underscoring the resilience of the world's second-largest economybacked by robust domestic demand.
CNBC Top News and Analysis
NewsDaily: China flash PMI rebounds to ease hard-landing fears
By Kevin Yao
China's vast manufacturing sector expanded moderately in October to snap three months of contraction, reflecting the resilience of robust domestic demand that is likely to soothe fears of an abrupt slowdown in the world's second-largest ...
NewsDaily: Top Headlines
Craig Stephen's This Week in China: Beijing talks tough on ...
By RSS Feed
A figure of $464 billion was quoted, which was about one-and-a-half times the size of TARP, after adjusting for the size of China's economy, reckoned analysts at Societe Generale. Further details on that bailout have been largely absent, which ...
Clearing and Settlement — Clearing...
China's political reform challenge | East Asia Forum
By Peter Drysdale
Despite its positive role in promoting China's economic growth, the production-oriented government distorts the whole structure of the Chinese economy. The most serious distortion driving China's domestic economic imbalance is caused by a ...
East Asia Forum
World Bank Chief Economist Defends Official Statistics in China ...
By The Editors
Prior to joining the World Bank, Dr. Lin founded the China Center for Economic Research at Peking University, and was a key advisor to the State Council. Despite Dr. Lin's official capacity in the World Bank, students were mostly interested in ...
CHINESE PMI SHOWS EXPANSION IN OCTOBER | PRAGMATIC ...
By Cullen Roche
Commenting on the Flash China Manufacturing PMI survey, Hongbin Qu, Chief Economist, China & CoHead of Asian Economic Research at HSBC said: “Thanks to the pick-up in new orders and output, the headline flash PMI rebounded back ...
PRAGMATIC CAPITALISM
China's economy: Afraid of a bump | The Economist
PERHAPS the only thing growing faster than China's economy is worry about the country's economy. Figures released this week showed China's GDP still ...
www.economist.com/node/21533405
China's economy slows in third quarter - latimes.com
China's economy grew by 9.1% in the third quarter, it's slowest pace in two years.
latimesblogs.latimes.com/.../chinas-economy-slows-in-the-thir...
Chinese Economy Cools Slightly in Third Quarter - NYTimes.com
Gross domestic product grew at an annual pace of 9.1 percent in the quarter, as measures to rein in inflation and head off speculation put a brake on growth.
www.nytimes.com/.../chinese-economy-cools-slightly-in-third-...
China Economy Grows Least in 2 Years as Europe Demand Cools ...
China's economy grew 9.1 percent in the third quarter from a year earlier, the slowest pace since 2009, driving stocks lower on concern that Europe's debt crisis ...
www.businessweek.com/.../china-economy-grows-least-in-2-y...
China's Economy: The Correction History Will Remember - Forbes
So far, the official numbers point to a “soft landing” for the Chinese economy, which means growth around 8% and inflation about 5%. “China will not experience ...
www.forbes.com/.../chinas-economy-the-correction-history-wi...
China GDP: Economy grows 9.1% in third quarter - Oct. 18, 2011
China's economy grew 9.1% in the third quarter, marking a slight slowdown from the prior quarter, as the Chinese government continues to focus on its fight ...
money.cnn.com/2011/10/17/news/international/.../index.htm
China economy slows amid fears of credit bust
Far from providing a way forward for the world economy, China's growing economicproblems are themselves an expression of the deepening global crisis.
www.wsws.org/articles/2011/oct2011/chin-o20.shtml
China Economy: HSBC Flash PMI Points to China Factory Upturn ...
China's vast manufacturing sector picked up moderately in October, snapping a three-month contraction and underscoring the resilience of the world's ...
www.cnbc.com/.../HSBC_Flash_PMI_Points_to_China_Factor...
BBC News - China's economic growth slows to 9.1% in third quarter
China's economic expansion slows during the third quarter of the year as government measures to control inflation hurt growth.
www.bbc.co.uk/news/business-15331523
Of Blind Men and Elephants – Grasping China's Economy - China ...
How healthy – or otherwise – is China's economy? China Real Time put a property developer, a private equity executive, a former ambassador and newly ...
blogs.wsj.com/.../of-blind-men-and-elephants-–-grasping-chin...

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