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Aug 23, 2011

CHINA Economy News, Aug 23, 2011


Australia, Kiwi Dollars Weaken on Signs Global Economy Is Losing Momentum
Bloomberg
By Masaki Kondo and Mariko Ishikawa - Tue Aug 23 04:04:21 GMT 2011 The Australian dollar reversed earlier losses against its US counterpart after a private report showed China'smanufacturing shrank at a slower pace this month, easing concerns that the ...
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Asia Stocks Climb as Exporters Rise on Fed Stimulus Hopes, China
BusinessWeek
Global equities erased more than $8 trillion in market value in the past four weeks amid worseningeconomic data in the US and Europe's smoldering sovereign-debt crisis. The economic reportssparked speculation the US Federal Reserve will begin a ...
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Euro Holds Decline Versus Dollar Before Manufacturing, Confidence Reports
Bloomberg
A preliminary gauge of China manufacturing in August was 49.8, according to a reading of the Purchasing Managers' Index reported by HSBC Holdings Plc and Markit Economics today. The final reading for July was 49.3. A figure below 50 indicates a ...
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Stocks, Commodities Gain on Fed Speculation, China; Dollar Slips
BusinessWeek
China's Shanghai Composite Index rallied 1.5 percent after the manufacturing report from HSBC Holdings Plc and Markit Economics. The reading still indicates a second month of contraction. The final August figure is due Sept. 1. Nikon Corp., the world's ...
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China Stocks Rise on Manufacturing Data, Fed Stimulus Outlook
San Francisco Chronicle
23 (Bloomberg) -- China's stocks rose for the first time in six days after a report on manufacturing eased investor concerns the economic slowdown is deepening and speculation intensified the US will announce a plan to boost growth. ...
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North Korea opens int'l trade show amid efforts to revive economy
Washington Post
North Korea and China broke ground in June on the initial stage of the Rason economic zone amid the North's efforts to revive its economy. Footage from Associated Press Television News in North Korea shows hundreds of people crowding booths showcasing ...
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Hong Kong Stocks Gain on China Data, Fed Stimulus Speculation
Bloomberg
By Kana Nishizawa - Tue Aug 23 05:51:25 GMT 2011 Hong Kong's Hang Seng Index (HSI) rose, headed for its biggest gain in a week, after a report on China's manufacturing eased concern itseconomy is slowing, and as investor confidence got a boost from ...
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The Western Region Rising
Beijing Review
Yao's team, in cooperation with the Chinese Academy of Social Sciences (CASS), released the Annual Report on Economic Development in the Western Region ofChina (2011) on July 24. The report says, the west's economic growth rate will continue to drive ...
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Beijing Review
Ringgit Weakens Before China Manufacturing Report; Bonds Gain
Bloomberg
China, South Korea, Taiwan, Thailand, Hong Kong, Malaysia and Singapore all reported economicgrowth for the second quarter that was the slowest since 2009. China is Malaysia's second-largest overseas market, after Singapore, and accounted for 12.7 ...
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Chinese economy to grow by 9.28 percent in 2011: Report
TruthDive
Beijing, August 22 (ANI): The Chinese economy will grow by 9.28 percent this year if the United States avoids a double dip recession and eurozone clears a debt crisis, a report has said. According to economists from China's Xiamen University and the ...
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Revisiting the Ring of Fire
Korea IT Times (press release)
Skeptics in the west have accused that China will face a hard economic landing due to the municipal debt bubble, over-heated property market and uncontrollable inflation and bubble will burst to incur drastic fallout in world economy. ...
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Rivalry between China and India will continue through 2025
Washington Post (blog)
India's prime working-age population will overtake China's in 2028, but China has advantages in science, technology, and national defense capabilities, according to the report. However, India's more open and flexible political and economic systems ...
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New fees undermine NZ visa "improvements" for Chinese visitors: report
Xinhua
Chinese visitor numbers rose by more than 25 percent in the year to June and they pumped about 410 million NZ dollars into the economy, according to New Zealand's Ministry of EconomicDevelopment. "Visitor numbers from China continue to increase ... as ...
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Jiangsu tire makers struggling with EU fuel economy standards
Tire Business
JIANGSU PROVINCE, China (Aug. 22, 2011) — A report on the website of the China Rubber Industry Association (CRIA) says tire makers from Jiangsu are finding it difficult to meet European Union (EU) standards for tires both for rolling resistance and ...
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Investing in ecosystem services can boost food security, raise incomes: UN Report
Associated Press of Pakistan
UNITED NATIONS, Aug 22 (APP): Investing in healthy ecosystems can boost food security, improve resilience to climate change and provide economic benefits for poor communities, says a newreport by the United Nations Environment Programme (UNEP) and its ...
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Nixon includes China hub, local control on special session agenda
STLtoday.com
The economic development and police control bills died in May when Republican leaders in the state House and Senate deadlocked on how to cap big tax credit programs used by historic preservationists and housing developers. ...
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China lacks support for more stimulus: CS
MarketWatch
“The government is still in the process of estimating the chance and impact of a global economicslowdown, and is still far from having a stimulus package ready,” the bank's Hong Kong-based analysts Vincent Chan and Peggy Chan wrote in a report ...
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10-Q: CHINA PHARMACEUTICALS INC
Middle East North Africa Financial Network
... "Xian Pharmaceuticals," refer to China Pharmaceuticals, Inc. We make certain forward-looking statements in this report. Statements concerning our future operations, prospects, strategies, financial condition, future economic performance (including ...
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China attractive FDI destination
China Daily
Some developing countries with promising economic growth were the major FDI recipients, and nearly half of the investment flowed to new manufacturing projects, according to the report. In China, FDI inflows registered a stronger recovery. ...
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China Daily
Australian Dollar Up Late On China PMI, RBA Comments
Wall Street Journal
SYDNEY (Dow Jones)--The Australian dollar pushed higher Tuesday, lifted by a better-than-expectedreport on manufacturing in China and reassuring comments from a member of Australia's central bank. Australian bonds fell, particularly on the short end ...
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Research and Markets: Global and China Titanium Dioxide Industry Report, 2010 ...
Business Wire (press release)
Meanwhile, the capacity of titanium dioxide in China reached 2300000 tons in 2010. Since 2010, both the Chinese and world economy began to witness stability and recovery. However, if the worldeconomy falls into a double-dip recession, the market price ...
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Malaysia stock market and companies daily report (August 23, 2011)
Stock Markets Review
Going forward, Aeon is open to more business opportunities and could enter more franchises. This article is contributed by Shares Investment. Visit Sharesinv.com for the latest Singapore, Malaysia and China stock market news and reports.
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Chinese oil giant ends ops in Libya, Syria: report
AFP
China is always on the look-out for natural resources around the world to fuel its fast-growing economy. But the state-run Beijing Times said experts had warned Chinese companies to be cautious about investing in politically turbulent areas, ...
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AFP
China and Germany ahead on cleantech: Q&A with Devashree Saha from the ...
New York Forum (blog)
Earlier this year she co-authored a report on the clean economy. Over email, she tells the New York Forum why this industry matters, and — with China and Germany taking the lead — ponders its future in the US. NYF: Hopes of investment in green energy ...
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New York Forum (blog)
Parliament fails to start processing the 3 billion dollar loan
Ghana News Agency
Majority Leader, Mr Cletus Avoka said the item which was the first on the order paper could not be laid because the joint committee report of Ministry of Finance andEconomic Planning and that of Poverty Reduction Strategy was not ready. ...
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Ghana News Agency
Feigenbaum Says China's Growth Model Is Vulnerable
Washington Post
22 (Bloomberg) -- Evan Feigenbaum, director at Eurasia Group, talks about the China's economicoutlook and growth strategy. Feigenbaum, speaking with Tom Keene on Bloomberg Television's "Surveillance Midday," also discusses China's inflation and labor ...
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In India, industries boom, but logistics lags behind
Washington Post
By Rama Lakshmi, KAPASERA, India — In India's burgeoning consumer economy, transporting items from factory to store is a painfully slow process. Trucks jostle for space on pothole-filled roads that lack clear lanes, moving at an average speed of 19 ...
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HK Shares End Higher On Gains In European Markets
Wall Street Journal
HONG KONG (Dow Jones)--Hong Kong shares ended higher Monday, as gains on the European markets lifted sentiment and reversed earlier losses caused by the declines on the China bourse and Wall Street amid worries over a potential global economic ...
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Indian banking sector to be third-largest by 2025
Hindustan Times
Riding on the back of an economic boom, the India banking industry is slated to become the third-largest in the world by 2025, after China and the US, a reportreleased by Boston Consulting Group, Federation of Indian Chambers of Commerce and Industry ...
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Hindustan Times
If the US sneezes, we probably catch a cold
Montreal Gazette
But if there were a renewed economic crisis, there just isn't as much room for this performance to be repeated, Burleton warns in a report published Monday. Government deficits in Canada have already been swollen by stimulus spending, making it tougher ...
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Steel prices likely to go up further in Oct
Hindu Business Line
Iron ore prices are ruling high due to the ban imposed by the Supreme Court on mining in Bellary and a huge demand for the commodity from China, the report said. Most companies have signed coking coal contracts for the September quarter at $315 a tonne ...
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BHP Illawarra Coal plans online jobs centre to help laid off steelworkers
The Australian
His comments yesterday came as an independent report released by the National Institute ofEconomic and Industry Research showed local steel content in Australia's major resources projects stood at only 10 per cent, with the rest imported from Asia. ...
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China Press Digest - Aug 23
Reuters
Total losses in the thermal power sector reached 18.1 billion yuan ($2.8 billion) from Jan-July, up 166 percent from a year earlier, according to a report by the China Electricity Council. -- French President Nicolas Sarkozy will make a brief stopover ...
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The iPhone is the Best-Selling Smartphone in the US [Report]
Cult of Mac
Why only Asian companies score out of Googles android? Licensing is killing USA economy.And it is Apple who creates jobs in China? Imagine if Microsoft didn't license its OS and do makes its own hardware?Wouldn't computer innovation have been more ...
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China Nepstar Chain Drugstore Announces Share Repurchase Program
PR Newswire (press release)
Nepstar's strategy of centralized procurement, competitive pricing, customer loyalty programs and private label offerings has enabled it to capitalize on the robust economic growth in China and to take advantage of the demographic trend in China to ...
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Pentagon's Overdue China Report Said to Be Likely This Week
Bloomberg
Last year's report said China is pursuing a military capability to reach as far as the Indian Ocean and the western Pacific, even while it maintains its military buildup opposite Taiwan amid improvedeconomic ties across the strait.
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UPI NewsTrack Business
UPI.com
22 (UPI) -- There is no trend of a double-dip recession in the world economy, a senior Chinese economist told the annual China Bankers Forum 2011 in Beijing. Fan Gang, a former adviser to the Chinese central bank's monetary policy committee, ...
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China Medicine Corporation Dismisses Frazer Frost as Auditor
PR Newswire (press release)
All forward-looking statements are expressly qualified in their entirety by this cautionary statement and the risk factors detailed in the Company's reports filed with the Securities and Exchange Commission. China Medicine Corporation undertakes no ...
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Perfect World Announces Recent Business Developments
MarketWatch (press release)
... regulatory environment in China, and economic slowdown in China and/or elsewhere. Further information regarding these and other risks is included in Perfect World's filings with the US Securities and Exchange Commission, including its annual report ...
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Valuations Compelling, Economic Outlook Cloudy
InvestorIdeas.com (press release)
That would be a very good thing for the economy. Go ahead China, make our day and sell your T-notes. Does that sound to you like a crisis in confidence about the ability of the US Government to repay its debts? It sure doesn't to me. ...
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Deloitte: U.S. Could See $53 Billion in 4G Network Investments by 2016 ...
PR Newswire (press release)
The Deloitte report, "The Impact of 4G Technology on Commercial Interactions, Economic Growth, and US Competitiveness," investigates the economic dynamics surrounding 4G technology and explains how the US can maintain the global leadership position in ...
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Research and Markets: Nutritional and Dietary Supplements Market in China ...
Business Wire (press release)
The report on China Nutrition & Dietary Supplements Industry includes a detailed study of the nutrition & supplements industry of the country. It analyzes the industry and its various categories/ segments and trends prevailing in the market. ...
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Blogs7 new results for CHINA Economy News, Report
Jamie Metzl: China and Cyber-Espionage
By Jamie Metzl
In its 2010 report to Congress, the U.S.-China Economic and Security Review Commission stated that "China's government, the Chinese Communist Party, and Chinese individuals and organizations continue to hack into American computer ...
The Full Feed from HuffingtonPost.com
Studying China Online: Editorial Review | Interface
By Editor
Seemingly free, though many special reports are not. http://www.economist.com/node/18709581. Financial Times: http://www.ft.com/world/asiapacific/china Free registration for limited use. A wide variety of economic news. ...
Interface
China factory output cools in August: HSBC - Recent Business News
By admin
The listless performance attests to China's gently slowing economy, and does little to dispel market worries that global demand is faltering on Europe's persistent debt problems and sluggish U.S. growth. The flash Purchasing Managers' Index (PMI), ... Stock markets rose in China and in big commodity supplier Australia on relief that the report did not show an even sharper slowdown. There had been some market speculation that the reading could be considerably weaker. ...
Recent Business News
Most listed Chinese firms forecast profit ... - China Business News
By CBN
A majority of listed Chinese companies have forecasted growing profits in the first three quarters of this year despite growing concerns over a global economic downturn, according to recent data. ...quarters as of Sunday night, 402 firms said they will stay in the black and 312 expect profits to grow from the previous year, accounting for 78.8 percent and 61.2 percent of the total, respectively, according to Wind Information, a Shanghai-based financial data provider. ...
China business news
XE.com - UPDATE 1-China trade faces weaker demand, rising costs ...
China's trade outlook faces weakened external demand and rising costs, the country's Ministry of Commerce said on Tuesday, warning that the debt problems of advanced economies would bring challenges to China. ... the spreading sovereign debt crisis and rising global inflation is slowing recovery in the world economy. These problems will have a big impact on Chinese imports and exports,' Chinese Vice Commerce Minister Jiang Yaoping told a news conference. ...
XE Forex News
Lujiazui Breakfast: News And Views About China Stocks (March 17 ...
By Gestbiz
Investors and traders in China's main financial district are talking about the following before the start of trade today: China's stocks may be mixed today after stocks fell globally yesterday amid worries about economic fallout from the ... Besides keeping an eye on Japan, investors today will be digesting a wave of earnings reports. Among the flurry of Chinese companies to report 2010 results,China Mobile, whose shares trade in the U.S and Hong Kong, dropped 4% in U.S. ...
Business Watch by Gestbiz
China Says US On Way To Default, Implies America May Be Falsifying ...
By Alexander Higgins
The Dow Jones news wire reports that a Chinese Think Tank has stated that “the U.S. may be on its way to default on its debt despite the U.S. government's ability to print more money” which went on to implicitly accuse the US of ... There is no guarantee for sovereign debt, which increases the risks the lenders face, said Wang Tianlong, a researcher at the China Center for International EconomicExchanges, a think tank supervised by the country's economic planner, ...
Alexander Higgins Blog
China's Wen confident in US economic growth - Yahoo! News
Read 'China's Wen confident in US economic growth' on Yahoo! News. ... The state -run Global Times newspaper reported Wednesday that the boomtown has already ...
news.yahoo.com/china-says-us-economy-remains-resilient-08...

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