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Sep 1, 2011

CHINA Economy News, Sep 01, 2011


China to Have Half of Asia's Millionaires by 2015, Baer Says
Bloomberg
China, the world's fastest-growing major economy, had 502000 millionaires last year, according to the report. State and private investments helped drive a 9.5 percent expansion in second-quarter gross domestic product, the government said in July, ...
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Apple criticized for China supply chain pollution
Reuters
... said on Wednesday in a 46-page report alleging efforts to conceal pollution. Widespread environmental degradation has accompanied China's breakneckeconomic growth, and the government has been criticized for failing to take steps to curb pollution. ...
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Reuters
China manufacturing shows slight gain in August
The Associated Press
... sluggish US economy have prompted many analysts to revise growth forecasts for Chinadownward. Given the bleak global outlook, China still needs to build a more solid foundation for growth, the federation's analyst Zhang Liqun, said in the report. ...
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China's Stocks Rise Most in Week on Manufacturing, U.S. Data
San Francisco Chronicle
Starway Bio-technology Co. paced a rebound for small-company stocks after the EconomicObserver reported China's central bank may cut required reserve ratios for small and medium-sized banks to support lending. "The manufacturing data will remove ...
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100 Million Elderly: China's Demographic Time Bomb
TIME
The article below was originally published in Economic Observer. BEIJING — Proof is multiplying that China is aging at an alarming pace. If measured by international standards, China has been an aging society since 1999, announced Li Jianguo, ...
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Surprise Rate Cut Follows Turkey as Economy Slows: Brazil Credit
BusinessWeek
Growth in Brazil, the world's second-largest developing economy after China, will slow to 3.9 percent this year, according to a central bank survey published this week, after a 7.5 percent expansion in 2010, the fastest in more than two decades. ...
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Global-Tech Announces That Its Fiscal 2011 Annual Report on Form 20-F is ...
MarketWatch (press release)
... including the revaluation of the Chinese Renminbi, the imposition by China's trading partners ofeconomic sanctions and/or protective tariffs on Chinese manufactured goods, uncertainties associated with investments, the regulatory environment, ...
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GLOBAL MARKETS-European shares seen mixed, eyes on data
Reuters
US economic data on Wednesday showed the economy continues to struggle, and the US Institute for Supply Management's national manufacturing index was due later on Thursday, followed by the US Labour Department's employment report on Friday. ...
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China Appeals WTO Ruling on Raw Material Export Controls
San Francisco Chronicle
The world's second largest economy asked the WTO expert panel to overturn parts of its ruling, according to a statement on the Commerce Ministry's website that didn't specify what parts should be overturned. The WTO panel report on July 5 said that ...
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World Bank president to discuss China's growth model
Monsters and Critics.com
Beijing - World Bank President Robert Zoellick was set to arrive in Beijing on Thursday to discussChina's economic prospects and possible lessons for other developing nations. 'I am looking forward to visiting China to listen and learn, and to discuss ...
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Europe's Markets Start Higher
Wall Street Journal
On the data front for August, China's official purchasing managers' index offered a mixed lead as it rose, for the first month since March, to 50.9 from 50.7 in July. While the rise will likely alleviate concerns about an economic slowdown on the ...
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China's Wen says curbing inflation is priority
AFP
"Currently our country's economic development is still facing a very complicated domestic and external environment that is unstable and fraught with many uncertain elements," Wen said, according to China National Radio, which was quoting from areport ...
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AFP
China May Cut Reserves for Smaller Banks: Observer
Bloomberg
By Bloomberg News - Thu Sep 01 00:55:02 GMT 2011 China's central bank may cut required reserve ratios for small and medium-sized banks to support lending to small companies, EconomicObserver reported today, citing unidentified analysts. ...
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ANZ's Liu Says China `Hard Landing' Difficult to Imagine: Video
Washington Post
1 (Bloomberg) -- Liu Li-Gang, chief China economist at ANZ Banking Group Ltd. in Hong Kong, talks about the outlook for China's economy. A Chinese manufacturing index stayed near the borderline between expansion and contraction in August, ...
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China needs to act fast on oil spills
China Daily
The strategy of deepwater exploration seems to be a necessary choice for China and for CNOOC. Formulating effective, safety-oriented and environmentally friendly development strategies will be the key for avoiding future spills. The final report on the ...
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With Proposed Law Change, China is Threatening to Legalize Repression
Wall Street Journal (blog)
The most famous example of a Chinese citizen who was subjected to such a secret detention is artist Ai Weiwei, who was held for 81 days on suspicion of “economic crimes,” kept for much of that time in a windowless cell on the outskirts of Beijing, ...
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ADR Report: Wall Street trades higher after Economic Data
NewsyStocks.com
Among the biggest gaining ADR's, is a China-based agricultural company, Agria Corporation was up 4.31 percent to $1.21 an ADR, WSP Holdings Ltd. (NYSE: WH) was trading higher by 8.89 percent to $0.49, and China-based men's apparel maker, Zuoan Fashion ...
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Economics for the Silly Season
AmericanEconomicAlert.org
Although productivity is undoubtedly even harder to measure accurately inChina than it is in the United States, in recent months, noted Chinese economist Fan Gang and an Asian Development Bank report have both pegged the increases well into the ...
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AmericanEconomicAlert.org
Solyndra's Shutdown Raises Questions about Stimulus, Green Jobs
The Bay Citizen
“But we can't stop investing in game-changing technologies that are key to America's leadership in the global economy.” According to a report released in July by the nonpartisan Brookings Institution, approximately 3600 people work in the solar sector...
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The Bay Citizen
A miracle that masks a mirage
The Australian
According to the Fraser Institute's latest economic freedom report, there is less freedom in Germany's labour market than in countries such as Zimbabwe, Iran and Syria. German manufacturers have reacted to complex labour market regulation and high ...
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Swan relishes investors' 'great faith'
Sydney Morning Herald
"What that shows is that investors have great faith in the future of the Australian economy," Mr Swan told reporters in Townsville after returning from a whistle-stop trip to Hong Kong and China. "International investors ... want to invest here because ...
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US Thumps China in Solar Panel Shipment
EBN
China has a huge trade surplus with the United States in many segments of the economy but not, surprisingly, in the sale of solar panels, according to GTM Research and the Solar Energy Industries Association. A recent report from the two organizations ...
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Brent climbs to 1-month high on China manufacturing
Economic Times
"We acknowledge the difficulties for China's policymakers to deal with inflation, but we still think that the economy will be stronger than the market is fearing." China Premier Wen Jiabao signalled on Thursday that controlling inflation will remain a ...
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Factory orders rise
Detroit Free Press
Other regional reports for this month signaled manufacturing, which accounts for about 12% of theeconomy, is cooling. New York-region factories shrank for a third-straight month, and manufacturing in the Philadelphia area contracted by the most since ...
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Goldman Takes a Dark View
Wall Street Journal
The report also includes detailed information about European financial institutions and pointed language about the depth of the problems in Europe, the US and China. A Goldman Sachs spokesman said: "As a matter of course, financial institutions publish ...
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My chat with Jon Huntsman about his economic plan
Reuters Blogs (blog)
And the core that I'm talking about is our economy. This world always needs an engine of growth to pull the global economy along, and China has been an engine of growth. And the next two or three years could prove problematic in terms of China ...
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Australian Dollar Is Near Four-Week High Before China's Manufacturing Data
Bloomberg
By Mariko Ishikawa and Candice Zachariahs - Thu Sep 01 05:42:21 GMT 2011 Australia's dollar rose for a sixth day against the yen and the nation's bond yields increased after a report showed retail sales gained by more than economists forecast. ...
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ADR Report: Shares Higher Amid Positive US Data, Stimulus Hopes
Wall Street Journal
By Corrie Driebusch Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York ended higher Wednesday, in line with the broader market, as a round of modestly positive US economic data and hopes for further stimulus from ...
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Daily Report: Risk Rally Continues Cautiously as Manufacturing Data in ...
Action Forex
Appetite for risks is also dampened mildly by slightly weaker than expected China Manufacturing PMI as well as the surprised rate cut from Brazilian central bank. Euro and sterling are mildly softer as dragged down by rebound in Swiss Franc in EUR/CHF ...
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East Asian Bond Issuance Drops
Wall Street Journal
"Following the US credit rating downgrade and the slowing in the global economy, the main challenge is no longer inflation--the pendulum is swinging toward weakening growth." The reportdescribed the external outlook as "bleak," and said risks for Asia ...
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Global Bulldozers Market Analysed in New Report Package Recently Published by ...
MarketWatch (press release)
With the world economy being out of recession now, due to the revival of numerous construction initiatives and increased investment flaws in new projects the global bulldozers market is forecast to experience rapid growth in years to come. New report ...
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Second Wind Achieves Fifth Consecutive Ranking on Inc. 5000
MarketWatch (press release)
Over the past three years Second Wind has been a driver of economic growth in its home state of Massachusetts, more than doubling the size of its workforce and increasing technology exports toChina, India, Southeast Asia, western and eastern Europe, ...
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Consumer confidence expected to drop in August
BusinessWeek
By ANNE D'INNOCENZIO Consumer confidence likely dropped in August as worries about theeconomy fueled the widest stock market swings since the financial meltdown in 2008. The souring mood raises concerns about shoppers' ability to spend during the ...
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Is Gold not a safe haven?
Equitymaster.com
But some of these steps would also impact the country's economic growth. China's central bank has already increased interest rates several times in recent months. As inflation continues to remain high, there is likelihood that it may yet again increase ...
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Crude Oil Climbs as Much as 0.3% in New York; Brent Premium to WTI Widens
Bloomberg
A report today may show US jobless claims fell last week. Brent futures rose for an eighth day. “We've got a reassuring PMI number from China, and if the US turns out to have more jobs than expected, I think we're off and running for Brent,” said ...
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Russian Chess on the Korean Peninsula
CounterPunch
North Korea needs to develop commercial linkages with Russia to circumvent US-led sanctions which have such a devastating effect on its economy. It also needs Russia as an economic and political counterbalance to China. North Korea's overdependence on ...
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Rick Santorum Unveils His Jobs Plan: 'America's Might Is Tied to Our Economic ...
Fox News
VAN SUSTEREN: I didn't just mean money it of the military, but even in terms of our products, and you know, the fact if we're sort of scrambling and trying to make ends meet and our politicians at each other's throats and we've got China, we owe China ...
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Decline by design
Asia Times Online
By Peter Morici Forecasters expect the US Labor Department on Friday to report the economyadded only 67000 jobs in August - my estimate is 63000. Either would be much less than the 130000 the economy must create each month to stay even with adult ...
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Signs that economy and unemployment aren't going to get worse - at least not ...
Michigan Business Review - MLive.com
We have serious economic problems ("systemic" is the catchword), and the above list is just the tip of the iceberg. Europe and China have major problems, too. If the economy isn't getting worse, it certainly isn't getting any better. ...
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Gold ends higher, gains 12% in August
MarketWatch
See report on Tuesday's gold trading. India's economy is slowing as interest-rate increases and a global slowdown hit, combined with a lack of local reforms. Demand for physical gold is strong in Asia and Europe, but the metal is likely to remain ...
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Gold and silver prices hovered near their ... - China Business News
By CBN
Gold and silver prices Wednesday hovered near their previous day's closing prices as traders sorted through a mix of positive and negative economic news. A widely followed monthly report on private-sector job creation showed the nation ...
China business news
XE.com - China Premier Wen says world economy is fragile
China Premier Wen Jiabao warned that debt problems in Europe and the United States cannot be solved in the short term, and that the world economy is still fragile. ... News Providers: Thompson Financial, AP, XFN-Asia, Daily FX, Reuters Date format: yyyy-mm-dd. Refresh Articles. ChinaPremier Wen says world economy is fragile ... (Reporting by Koh Gui Qing and Zhou Xin; Editing by Ken Wills) Keywords: CHINA ECONOMY/WEN. (guiqing.koh@thomsonreuters.com)(+86 10 6627 ...
XE Forex News
JPMorgan's Mowat on Japan Politics, China, US Economy
Brazil English Multimedia China Economy General News Markets Economy Media ... Japan Government News India and China Syndicated AV Reports Peoples ...
www.dailymotion.com/.../xks11e_jpmorgan-s-mowat-on-japa...
The Defense Drumbeat Blog - News - Armed Services Republicans
"China's Economic Sword". The Defense Department recently released a report on the Military and Security Developments in China, specifically referencing ...
armedservices.house.gov/.../defense-drumbeat-blog?...
The News Hub: Chinese Economy Contracts, But Not as Much as July
Watch The News Hub - Season 2011, Episode 08.23.11 - Chinese Economy Contracts, But Not as Much as July: WSJ's Michael Casey reports China's economy ...
www.clicker.com/.../chinese-economy-contracts-but-not-as-m...
InvestIdeas • View topic - China - Economic Data & News 06 (Jul 11 ...
Before the visit, Washington appealed to China to free rights lawyer Gao Zhisheng, who has not been .... Source: Reuters US Online Report Business News ...
investideas.net/forum/viewtopic.php?f=10&p=127169

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FORBES News, Sep 01, 2011


Marsh to Acquire Brokerage Business of Alexander Forbes
MarketWatch (press release)
Mr Erwee said: "By aligning the local strengths of Alexander Forbes with Marsh's global resources, we are bringing the world's best to Africa. Marsh Africa will provide a broader offering to our clients and ensure that we can provide them with the risk ...
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New Study: Some CEOs get more than Uncle Sam
Forbes
I also head up numerous lists and reports, including our annual Forbes Global 2000 rankings and the CEO Compensation Report. I joined Forbes as a data collector in the statistics department after graduating from Iona College, and have been running the ...
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The Real Value of Sears
Forbes
Global, blog about retail trends at Dealnews.com, and teach journalism at Columbia College Chicago. Follow me on Twitter: @lfheller The author is a Forbes contributor. The opinions expressed are those of the writer. Sears as a retailer, not a holding ...
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Ron Conway, Yuri Milner, Accel and Sequoia Jump To Invest In Chinese Incubator
Forbes
I'm a deputy editor at Forbes, where I cover venture capital and startups and produce Forbes' annual Midas List. Since joining Forbes, I've helped send a bad guy to jail, picked the world's most powerful people, covered a dispute between a drug company ...
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Uniqlo To Open Two New York Stores In October
Forbes
If you have story ideas or tips, email me at helliott@forbes.com. You can also follow me on Twitter: @HannahElliott Uniqlo has announced that it will open its largest and second-largest globalflagships in New York City this October. ...
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Five Thai firms on Forbes list
Bangkok Post
"Essentially these are our picks of the companies that have best managed through the economic volatility that began in 2008," said Tim Ferguson, editor of Forbes Asia. "Most navigated the globalcredit crunch with little to no debt on their balance ...
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What Solyndra's Bankruptcy Means For Silicon Valley Solar Startups
Forbes
I'm the environment editor at Forbes. Before joining Forbes in April 2011, I wrote about all things green and tech as a contributor to The New York Times, a senior editor at Fortune and an assistant managing editor at Business 2.0 magazine. ...
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The Secret Sauce Behind CNBC..How Does CNBC Stay On Top?
Forbes
I have become an active reporter with Forbes, The Wall Street Journal Market Watch, Fortune, Business Insider, USA Today, Christian Science Monitor, New York Daily News, Boston Globe and others. The author is a Forbes contributor. ...
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35 Indian cos in Forbes Asia's 'Best Under Billion'
Hindustan Times
The companies were also evaluated in terms of return on equity, said Forbes Asia. best managed through the economic volatility that began in 2008. Most navigated the global credit crunch with little to no debt on their balance sheets. ...
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AM SCRAMBLE: Full Tilt Pleads Its Case, Another RFG Quits, Epic Gets Getty
Bluff Magazine
Forbes' Nathan Verdi has a full breakdown here. In Tuesday's AM Scramble we told you about Royal Flush Girl and MAXIM Hometown Hottie Melanie Iglesias turning in her resignation. Well, late Tuesday night another one, ahem, followed suit. ...
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Christmas Cheer Forecast by Wal-Mart Supplier Li & Fung Spurs Stock Rally
Bloomberg
Fung last month founded the Fung Global Institute, a think tank with Nobel laureate Michael Spence overseeing its research agenda. He and his brother William Fung rank fifth on Forbes' Hong Kong rich list, with an estimated combined wealth of $8.6 ...
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The Most Cyberpunk Places in the USA
io9
And according to a Forbes profile, the home of Bill and Melinda Gates, worth well over $100 million, is a model of the smart homes of the future — and exactly the sort of place one of the more corporate, wealthy, wired protagonists in a cyberpunk ...
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LYONS: Budget crisis threatens defense
Washington Times
J. Randy Forbes, Virginia Republican and the committee chairman, “We're not good to go right now,” but he said the force has a good plan. With drastic budget cuts looming, I wonder just how good the plan is. The Navy is now doing the expensive, ...
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Washington Times
Tech Today: Oracle's Dealings in Africa Investigated
Wall Street Journal (blog)
[Los Angeles Times, Forbes] Sold for $180: A Wooden iPad: The Smoking Gun reports that a South Carolina woman was approached by two men in a McDonald's parking lot selling iPads. She offered $180 and soon became the proud owner of a piece of wood ...
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Numbers - Apple
FM.co.za
200m iOS devices (which run on Apple's mobile operating systems) have been sold to date. 44% of the smartphone market is covered by this system. 1bn songs have been sold via Apple's iTunes . $8,3bn is what Forbes estimates Jobs' personal fortune to be ...
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Cognizant to Present at Investor Conferences
PR Newswire (press release)
With over 50 delivery centers worldwide and approximately 118000 employees as of June 30, 2011, Cognizant is a member of the NASDAQ-100, the S&P 500, the Forbes Global 2000, and the Fortune 500 and is ranked among the top performing and fastest growing ...
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How Did Jim Crane Slip By?
The Biz of Baseball
But, if there's something that should give those watching the baseball industry thought, it's this: according to league sources, these aspects – part of the public record – were not fully brought to light until my investigation of Crane for Forbes. ...
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SRF, Polyplex, among 35 Indian cos in Forbes' 'best under a billion' list
NDTV.com
Tim Ferguson, the Editor of Forbes Asia, said: "Essentially, these are our picks of the companies that have best managed through the economic volatility that began in 2008. Most navigated theglobal credit crunch with little to no debt on their balance ...
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What women want in a car
iAfrica.com
Johannesburg's Lorraine Forbes has always opted for reliable brands, because of safety and efficiency, as “that's very important to me."Apart from that, I love soul in a car: the interior has to appeal to my senses, yet practicality must be in the mix, ...
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Queen Rania celebrates birthday with continued focus on educating children as ...
Petra News Agency
... Morgan Global Humanitarian Award given by The Tech Museum as part of its international program, The Tech Awards. Her Majesty Queen Rania was also honored as one of Glamour Magazine's Women of the year, and received the 53rd ranking inForbes' power ...
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Petra News Agency
Century Iron Mines Corporation announces execution of joint venture agreement ...
DigitalJournal.com (press release)
WISCO Group is 340th in the list of Forbes Global 500 and is the third largest steel producer in China. The WISCO Group is one of the "big three" Chinese state-owned integrated iron and steel groups. In 2010, the WISCO Group had an annual output of 36 ...
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Chinese tycoon says no politics behind Iceland project
Khaleej Times
Listed 161 st on the Forbes list of the richest Chinese in 2010, Huang worked for the Chinese Communist Party's Propaganda Department and the Ministry of Construction in the 1980s and early 1990s. This part of his resume have made some uneasy about his ...
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Prakash Karat's 4-point fix for corruption
Firstpost
This is a country, where according to Forbes, rich people are growing at the rate of 22 percent, the highest in the world. A law isn't enough. People will find ways to bend it. While Anna deserves congratulations for his battle, the real war is the ...
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Firstpost
Fed officials debate to revitalize recovery
Press TV
Forbes The US economy grew at a rate of 0.4% in the first three months of the year. Bea.gov Some economists worry that the modest initial spending cuts in the August debt deal in Congress will only worsen the slow economic growth. ...
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Press TV
Quotes from Global Voices Online - News, photos, topics, and quotes
Marcus Garvey has joined the ancestors. So this plea for…exoneration is for us to show our magnanimity and gratitude. By honoring Marcus Garvey, we honor ...
billionaires.forbes.com/quote/08z53AP0m9133?q=Michael...

Surrender the Heart (Surrender to Destiny)Alexander Dictionary of English Idioms: English-FrenchAlexander Dictionary of English Idioms: English-SwedishUnder the SunStealing Jake
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BLOOMBERG News, Sep 01, 2011

Washington Post
1 (Bloomberg) -- Wong Sui Jau, general manager of Fundsupermart, the online division of IFAST Financial Pte, talks about Manchester United's planned initial public offering in Singapore. Analysts and fans say the sale of as much as 30 percent of the ...
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