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Sep 8, 2011

CHINA Economy News, Sep 08, 2011


Nation sharpens ability to succeed globally
China Daily
Improved access to healthcare and education, which economists at the World Economic Forum said are the key measures of a country's competitiveness, also enhances China's performance in the ranking. According to the report, China has made remarkable ...
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Most China Stocks Rise on Valuations, US Economic Plans
Bloomberg
Zijin Mining Group Co., China's biggest gold producer, lost 1.1 percent before a report tomorrow that will probably show Chinese inflation slowed last month. The Shanghai Composite Index, which tracks the bigger of China's stock exchanges, ...
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For China's richest, after the money and fancy homes it is time for a foreign ...
Washington Post
By Associated Press, BEIJING — Chinese millionaire Su builds skyscrapers in Beijing and is one of the people powering China's economy on its path to becoming the world's biggest. He sits at the top of a country — economy booming, influence spreading, ...
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SA placed second among Brics in global competiveness report
Creamer Media's Engineering News
South Arica ranked 50th in the World Economic Forum's 'Global Competitiveness Report 2011-2012', which was topped by Switzerland, followed by Singapore and Sweden. China, the world's most populous country, continues to lead the Brics economies by a ...
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China-bashing hits '12 race
The Hill (blog)
“Yet when they get in, it's a different story,” he said. “Since [President Richard] Nixon, US policy toward China has been consistent within a narrow band.” Economic officials in Republican and Democratic administrations alike have warned against ...
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Israel overtakes NZ for competitiveness
TVNZ
New Zealand has slipped to 25th most competitive economy in the world, while China has edged up to 26th, in a David and Goliath demonstration of the shift in geo-political power that has accelerated since the global financial crisis of 2008. ...
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Mitt Romney's flawed economic plan
Washington Post
And his calls to impose sanctions on China for manipulating its currency fall into that great bipartisan tradition among candidates of bashing China; like his predecessors, Mr. Romney would no doubt discover that the relationship with Beijing is more ...
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Advanced Nations Lose Edge in Economy
Wall Street Journal
Meanwhile, China marked its sixth annual rise in forum's annual rankings, gaining one place to No. 26. China's strong economic growth and low debt outweighed persistent problems with corruption and financial market development, according to the survey. ...
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China starts local govt bond sale trial: report
Channel News Asia
But excessive borrowing to fund infrastructure and other projects has caused concern that some local authorities may default on their loans, posing a threat to China's economy. "Currently local governments have various channels and means to raise debt ...
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Chinese learn the art of the resources deal
The Australian
Just as an aside, there wouldn't be too many Australian who are not aware that China is somehow the generator of our new era of economic opportunity and trial. But the PwC report helps us appreciate just why that is. It wasn't too long ago, ...
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All the Tea in China: Meet Asia's New Megarich
Wall Street Journal
... the economy by clamping down on real-estate speculation and cutting back on massive infrastructure projects. Liang Wengen, chairman of heavy-equipment manufacturer Sany Group, took the top spot on the latest China Rich List from the Hurun Report, ...
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Wall Street Journal
The future of Alberta energy policy
Globe and Mail
While Alberta has a role to play in reducing GHG emissions and must continue to do so, we must ensure the targets are realistic and do not unfairly penalize the Albertaeconomy. Energy production generates more CO2 emissions -- but energy has to be...
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Globe and Mail
RIL falls nearly 2% as CAG submits final report on KG-D6
India Infoline.com
The key benchmark indices in China, Singapore and Hong Kong fell by between 0.14% to 1.01%. The Bank of Korea held off from raising borrowing costs today, amid mounting risks that the global recovery will stall. China will unleash a host of economic ...
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Wealthy Asia: Surge in high net worth individuals: CLSA report
India Infoline.com
The report analyses wealth distribution in 10 Asian economies: China, Hong Kong, India, Indonesia, Malaysia, Philippines, Singapore, South Korea, Taiwan, and Thailand. These countries are estimated to have 1.2 million HNWIs, defined as those with ...
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China's steel output running red hot
The Australian
RECENT turmoil in the global economy has yet to touch China's still-booming steel sector, which looks set to produce a record 700 million tonnes this year, keeping iron ore prices near record highs with Australian miners major beneficiaries. ...
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SA scores in WEF index on business conditions
Business Day
"The complexity of today's global economic environment has made it more important than ever to recognise and encourage the qualitative as well as the quantitative aspects of growth," the WEF said in its report.
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Sanusi Says Nigeria Plans to Get Yuan to 10% of Reserves Soon as Possible
Bloomberg
The nation plans to start holding the Chinese currency next quarter, predicting it will appreciate given the strength of China's economy, Sanusi said today in an interview in Hong Kong, adding that the target was set more than a year ago. ...
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Asian Stocks Rise for Second Day on U.S. Stimulus Optimism, European Debt
Bloomberg
(Source: Bloomberg) Asian stocks swung between gains and losses as job declines in Australia, share sale concerns and a report China may raise interest rates countered speculation the US will do more to stimulate economic growth. ...
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Cramer's 'Mad Money' Recap: China Report Could Fuel Rally (Final)
TheStreet.com
He said the thinking is that a slowdown there will eventually spell a slowdown for the US Meanwhile, the cyclical stocks rallied on a research report from JPMorgan Chase (JPM), which said that Chinamay be done raising interest rates, ...
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Silver Dragon Completes Positive Preliminary Feasibility Study on Its Dadi ...
MarketWatch (press release)
The full report titled "NI 43-101 Report Preliminary Feasibility Study Dadi Silver-Polymetallic Property Keshiketeng County, Inner Mongolia Peoples Republic of China," dated August 25, 2011 and prepared for the Company by Southampton Associates Inc., ...
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U.S. fuel costs likely remain high in 2012 amid China growth
CattleNetwork.com
US oil prices next year will be lower than previously forecast as the nation's economy struggles, but motorists will see little reprieve from high gasoline and diesel costs at the pump because of strong growth in China and other emerging countries, ...
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China Power Transformer Industry Report, 2010-2011 - Latest Market Report
SBWire (press release)
In 2010, with the fade-out of China's national economic stimulus plan, China's power grid investment fell to RMB341 billion, down 11.36% year on year. As a result, the demand in Chinese transformer market decreased in 2010. ...
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South China Sea, India And China's Assertiveness – Analysis
Eurasia Review
Chinese exports to India, though comprising $ 40 billion of the $ 60 billion do not help India's economic base, and Beijing continues to close doors to exports India wants. Reacting to the recent US Defence Department's Annual Report on China which ...
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Eurasia Review
Report: Obama jobs plan could cost more than $400 billion
SanFranciscoSentinel.com
While the US slipped, emerging markets gained traction with China up to 26th place, Brazil 53rd and India 56th. According to leaked details of the president's plan, it would inject more than £200 billion into the US economy next year through tax cuts, ...
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China's aircraft fleet to triple by 2030
Xinhua
... economic growth, growing trade activity and increasing personal wealth, China Daily reported Thursday. China will need 5000 new commercial airplanes worth at 600 billion US dollars over the next 20 years, the English newspaper said, citing a report ...
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The US economy is in the dumps and growth is slowing
FXstreet.com
Additionally, reports suggesting that China and India are considering easing monetary policy in the near future contributed to a rally by stocks in the Asia-Pacific region and also generated some buying interest in the US Asia: Asian stocks gained ...
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Dagong Grants Small Firms AAA Grade Denied to U.S.: China Credit
San Francisco Chronicle
Outstanding loans to the businesses, including bank bill financing, surged 18 percent to 20.1 trillion yuan in the year to June, the central bank said in its second-quarter monetary policy report last month. The credit insurance is similar to the US, ...
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Panelists, GOP rivals target Perry from outset of debate
USA Today
Ron Paul of Texas; Jon Huntsman, a former Utah governor and former Obama administration ambassador to China; former Pennsylvania senator Rick Santorum; and Herman Cain of Georgia, former CEO of Godfather's Pizza. As well as criticizing Perry's economic ...
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USA Today
Chinese NGOs Accuse Apple Suppliers of Pollution
The Epoch Times
By Qiao Qi A sales staff member at an Apple store in Beijing, China. Five Chinese environmental watchdog groups jointly published a report accusing Apple of ignoring pollution produced by its Chinese suppliers. (Lintao Zhang/Getty Images) Five Chinese ...
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World stocks mixed amid dour economic signals
BusinessWeek
A wave of negative sentiment was unleashed Friday, when a government report said the USeconomy failed to add any new jobs in August. That caused European and Asian stock markets to sink sharply Monday. The August jobs figure was far below economists' ...
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Wall Street Looks To Stem Slide
RTT News
The major Asian markets rebounded strongly from their recent losses, encouraged by the positive non-manufacturing reading, a better than expected GDP report from Australia and reports of possible interest rate easing by China in the near term. ...
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RTT News
Pele Mountain Files Preliminary Economic Assessment for Eco Ridge, Providing ...
MarketWatch (press release)
The technical and economic information relating to the PEA in this press release has been reviewed and approved by Jason Cox, P.Eng., Director of Mine Engineering for RPA, an independent qualified person under NI 43-101. The PEA technical report can be ...
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Conservation group slams Mississauga report on shark fin ban
Toronto Star
Victor Oh, Chairman of the Canada-China Business Communication Council, said at Wednesday's meeting that his group supports a ban. But Oh said a municipal ban would be unfair to Mississauga restaurants. “These are tough economic times. ...
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Manufacturing Renaissance In America?
istockAnalyst.com (press release)
By 1959, that number had grown to approximately 30 percent, and manufacturing was widely regarded as the driving force of the US economy. However, by 2004 it was down to 9 percent. In addition, according to US Bureau of Labor statistics data, ...
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The Energy Report - Brent Gone Crazy!
IBTimes Canada
At the same time there are fears surrounding China's oil leak and its impact on Chinese offshore oil production's. Due to a leak, Conoco Phillips has been told to shut China's biggest offshore oil field. That lack of production means China will be in ...
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Weak jobs data could boost Australian shares
MarketWatch
“This is highly dependent on the outlook for China and commodity prices, both of which look to be holding up well so far,” he added. Although the jobs report comes one day after data showed a rebound in economic growth during the June quarter, ...
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China Shares End Up On Bargain Hunting, Policy Loosening Expectations
Wall Street Journal
Analysts said the Shanghai index faces immediate resistance at 2520 and a firm ceiling at 2600 amid continued global economic uncertainty, and ahead of the release of domestic economic data for August on Friday. A commentary piece on the front page of ...
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Commodity prices still resilient
Livemint
Unctad feels that with investors keeping commodity prices high, this could “provoke a premature tightening of monetary policy” and says it has played an important role in the recent interest rate hikes in India and China. The report says: “The fact ...
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Stocks May Show Strong Move Back To The Upside - U.S. Commentary
RTT News
The report, a compilation of anecdotal evidence on economic conditions from each of the 12 Fed districts, is due to be released at 2 pm ET. After falling sharply in early trading on Tuesday, stocks showed a significant recovery attempt over the course ...
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Standex Reports Double-Digit Sales and Profitability Growth in Fourth Quarter ...
MarketWatch (press release)
(1) Our ongoing focus on emerging economies is yielding good results as evidenced by the record year reported by our mold texturizing business in China, which continues to deliver strong growth on both the top and bottom lines. ...
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Nation sharpens ability to succeed globally | China business news
By CBN
China ranks 26th in competitiveness, up one notch from a year earlier, on the back of strongeconomic fundamentals, according to the Global Competitiveness Report released by the WorldEconomic Forum on Sept 7. “China continues its ...
China business news
China bashing no cure for US economic ... - Live Trading News
By Shayne Heffernan
The facts show that China is a responsible player on the World stage, whose impressive economicdevelopment benefits all and threatens none. The Los Angeles Times reported that the US$45-B contracts reached between Chinese and US ...
Live Stock Trading News | Equities,...
Investor sentiment bearish on HK-listed ... - China Economic Review
By christopher.beddor
The increase comes amid turmoil in the European and US equity markets, and mixed signals thatChina's economy may be slowing. "Investors are focused more on the bad news, on the risk, rather than the valuations, which are very cheap at ...
China Economic Review primary...
Romney Supports Branding China a Currency ... - FDL News Desk
By David Dayen
Speaking of jobs plans, Mitt Romney released his yesterday (if you want the nickel version, read this USA Today op-ed).
Firedoglake
(Economic) World Economic Forum "Global Competitiveness Report ...
Xinhua News Agency, Beijing, September 7 - (Reporter Chen Mengyang, Like Yao 7 by the WorldEconomic Forum Geneva - Beijing issued a way to connect ...
www.f-paper.com/?i886520-(Economic)-World...
China must rebalance economy: World Bank chief - One News Page ...
China must rebalance economy World Bank chief (news article) ... Full news story ... World Bank chief urges China to rebalance economy (news article) ...
www.onenewspage.com/.../China-must-rebalance-economy-W...
China revises 2010 economic growth up | News | Business Spectator
QUICK SUMMARY | FULL STORY | ECONOMY. AAP. China says it has revised its 2010 economic growth up to 10.4 per cent from the 10.3 per cent announced ...
www.businessspectator.com.au/.../China-revises-2010-econom...
CRI-Research Report on Chinese Logistics Industry, - The Edge
Asia Times Online - News and analysis from Asia. CRI-Research Report on Chinese Logistics Industry, - ATol Discussion by Category - Asian Economy - The ...
www.atimes.net/.../182774-CRI-Research-Report-on-Chinese-...
China manufacturing shows slight gain in August - Economy news
China's manufacturing firmed in August, according to a survey released Thursday , with data indicating the economy is ... Economy breaking news and pictures ...
www.mail.com/.../659122-china-manufacturing-slight-gain-au...
NEWSMEAT ▷ China Revises 2010 Economic Growth Up to 10.4%
China said on Wednesday it had revised its 2010 economic growth up to 10.4 ... Reuters, REUTERS US ONLINE REPORT BUSINESS NEWS - 11 minutes ago ...
www.newsmeat.com/news/meat.php?articleId...2951...

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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FINANCIAL News, Money, Banks, Economic and Financial Crisis, Sep 08, 2011


G7 ministers see urgency but to offer no grand plan
Reuters
But euro zone sources said governments have no plans to inject any further capital intobanks over and above the money earmarked for the financial sector in emergency loan programs to Greece, Ireland and Portugal. With Asian economies deeply concerned ...
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Reuters
euro zone bright spots are 'clouded'
Washington Post
(Source: Bloomberg) Economic analysts are holding up Ireland as a model of how countries in abanking crisis should tackle their financial firms — putting some out of business, injecting moneyinto others, and moving with haste. The IMF and the United ...
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Return of the Eurozone Crisis
Council on Foreign Relations
As a result, the European banking sector (DerSpiegel) could face a liquidity crisis, with profound effects for the US financial system. The European banking crisis could spread rapidly from Greece throughout the eurozone and beyond, just as the 2008 US...
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Council on Foreign Relations
Enhancing Financial Stability: The Role of Transparency
Brookings Institution
In the wake of the financial crisis, I can think of no more important task than to bring a broadeconomic and financial perspective to the supervision and regulation of the financial system. An element of that perspective has always been applied to the ...
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Few See Hope in European Crisis
The New American
He added: “Sometimes people hope that you can muddle through by providing financing and liquidity, in the case of Europe, from the European Financial Stability Facility or the European Central Bank. They now recognize that's not going to happen and ...
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The future of banking: Hunt for a common front
Financial Times
A case in point was their surge in lending during the global financial crisis, when the government used the banks to fund its stimulus spending. The damage in bad loans is just beginning to emerge and analysts say it will cast a shadow over the Chinese ...
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Financial Times
Euro slips, stock rebound fades ahead of ECB
Reuters
... only major Western central bank to have raised rates since the end of the globalfinancial crisis, but is expected to signal a change in policy tack and halt its tightening cycle in response to the sovereign debt crisis and slowing economicgrowth. ...
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Reuters
EU's Rehn warns pressure on banks is rising
Reuters
BRUSSELS, Sept 7 (Reuters) - Funding pressures for European banks have intensified and the situation on financial markets is serious and spilling over into the economy, the European Union's top economic official said on Wednesday. "Stress in financial ...
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The Globe and Mail
Globe and Mail
“The European sovereign debt crisis has intensified, a broad range of data has signalled slower global growth, and financial market volatility has increased sharply,” Bank of Canada Governor Mark Carney and his colleagues said in their policy ...
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Inflation Scare Passing Spurs Central Banks to Refocus on Recession Risks
Bloomberg
Central bankers are already taking advantage of that outlook to focus more on supporting growth as the world economy loses momentum and financial markets are roiled by the euro- area's failure to contain its debt crisis. Those from the Group of Seven ...
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The New Triumvirate - by Mansoor Dailami
Foreign Policy (blog)
Although the dollar has since become the unquestioned principal international currency, even through the global financial crisis, another iteration of the global currency triumvirate is on the horizon. Fast-forward to 2025, and a system centered on the ...
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Foreign Policy (blog)
There is not enough sovereign debt forgiveness
Euromoney Magazine
Meanwhile, as market participants look towards the seeming unravelling of the Greek debt crisis, on September 2 the European Commission, the ECB and the IMF said it was conducting its fifth review of Greece's economic program. ...
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A Raging Case of Bailout Fatigue
HoweStreet.com
And the ability to raise truckloads of money for almost no interest raises another disturbing question: Did the banks really need this cash to stay afloat? University of Pennsylvania finance professor Richard Herring, an authority on financial crises, ...
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HIGHLIGHTS 2-BOJ's Shirakawa says powerful easing already in place
Reuters
"Japanese banks do not have much exposure to European debt so they are unlikely to take a big direct impact from the debt problems there. But if the European financial system destabilises, it would impact the global economy and thus Japan's economy and ...
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Moynihan Tries to Keep Bank of America Intact as Mortgage Loans Fall Apart
Bloomberg
Likewise, Fannie Mae and Freddie Mac, two of BofA's other main antagonists, are each almost 80 percent-owned by US taxpayers as a result of rescues at the depths of the financial crisis. The GSEs are “we the people”; if they help take Bank of America ...
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20 Quotes From European Leaders That Prove That They Know That The Financial ...
Hawaii News Daily
The “problem” would be a horrible financial crisis and economic downturn in Europe. The “reaction” would be a cry from the European public for someone to “fix” things and return things back to “normal”. The “solution” would be a “United States of ...
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My two-step solution to Europe's democratic and economic crisis
The Guardian
Photograph: Petros Giannakouris/AP The financial crisis risks destroying half a century of European integration. It is primarily a political and not an economic crisis, and only a different political solution can solve it. ...
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The Guardian
Keep strong vigil on asset quality, Pranab tells banks
Hindu Business Line
The developed world had, post the financial crisis, adopted an easy money policy to counter their economic woes. “These are turbulent times and we should watch every step that we take. But this should not prevent us from taking bold and innovative ...
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Hindu Business Line
WB President: Rough road ahead for world economy
People's Daily Online
While coping with the financial crisis, the United States and developed countries of Europe drew on huge amounts of capital to save the beleaguered banking industry and launched abnormal financialstimulus measures to promote their economic recoveries. ...
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When fractured politics kills economic solutions
Reuters Blogs (blog)
It's a vicious circle, this situation that we entered with the advent of the global financial crisis, and neither the EU nor the US has the political will or ability to get us out of it. This is a test not only of capitalism but also of federalism and ...
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George Osborne urged to scrap 50p tax rate
The Guardian
Osborne hinted that he expected the Bank of England to take action against growing recessionary pressures with a second round of the electronic money creation process, known as quantitative easing. The chancellor made his comments as financeministers ...
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The Guardian
French lower house approves second Greek bailout
Reuters
The votes, part of a reform to the 2011 budget law which also introduced deficit-cutting measures, means France's parliament should become the first to approve the modifications to the EuropeanFinancial Stability Facility (EFSF) agreed by euro zone ...
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Some Financial Innovations That Aren't Going To End Well
Seeking Alpha
That's how financial innovations get engineered. Here are a couple of examples of financialinnovations that are not likely to end well. The Chinese authorities have been taking active steps to rein in bank lending by raising reserve ratios and ...
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Schauble austerity rant may make things worse
Globe and Mail
That is not true of Ireland, Portugal and Spain, whose debt levels were admirably low before the 2008 financial crisis hit. Spain's sins – a housing boom gone mad – were epic; but piling up debt was not one of them. Spain's national-debt-to-GDP ratio ...
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Globe and Mail
Lasting economic costs of 9/11 seen in bloated deficits
STLtoday.com
Some economists, including Nobel Prize recipient Joseph Stiglitz, attempt to draw a dotted line between terrorism and the economy's sluggish performance after the financial crisis. If we hadn't spent so much money in Iraq and Afghanistan, they reason, ...
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LHCDC to dissolve by year's end
Lompoc Record
Kate Griffith, a planning commissioner and the city's former economic development manager, said she was “browbeaten” and “taken to task” when she approached the council and city administrators about LHCDC's failure to provide financial audits. ...
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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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