Wednesday, March 19, 2008

Stocks Up In Spite Of Rate Cut

by Rohan Parker

Stocks in Asia rose higher last month than any other increase in a month seen this year. This comes on the back of the Federal Reserve cutting interest rates and China Mobile Ltd. bringing in more than they had forecasted. Good news like this helps to alleviate growing concerns over the global market becoming more [...]

Monday, March 17, 2008

Fed Reserve Cuts Spark No Actions

by Rohan Parker

Over the weekend, the U.S. Federal Reserve held an emergency meeting in which they have decided to cut the rates of direct loans to commercial banks. Financial officials from across Asia, as well at the Central bank, have stated that they will take no action in response, at this time.
Bank of Korea Deputy Governor, Rhee [...]

Friday, March 14, 2008

Toyota and Nomura Stocks Down Second Week In A Row

by Rohan Parker

For the second week in a row, Asian stocks declined, which has raised concerns anew over losses increasing in the credit market turmoil and the increased instability of the dollar.
As the dollar traded against the yen at a 12-year low, Toyota Motor Corp. was stung in the market, as they gain 37% of sales from [...]

Thursday, March 13, 2008

Hartcourt forms strategic advisory committee

by Jo Black

China based Hartcourt Companies, Inc. has formed the Strategic Advisory Committee. Six members have been appointed to the Advisory Committee. These members are Xiping Tao, Senior Education Expert; Min Tang, Deputy Chief Representative and Chief Economist, Asian Development Bank, Beijing Office; Gary Locke, Partner and Co-Chair of China Practice Group, Davis Wright Tremaine LLP; [...]

Renminbi Deposits Increase In February

by Elisha Sanders

The People’s Bank of China reported last Wednesday, that individual deposits of Renminbi have raised, and loan growth in the country was stable.
China’s financial institutions have made such impressive deposits that so far they are up to 40.49 trillion yuan ($5.70 trillion) for this year alone. That is an increase of 17.22% from this time [...]

China Aware Of Global Economy: Will Not Alter CPI

by Elisha Sanders

According to China’s Commerce Minister, Chen Deming, China will not be altering the consumer price index (CPI) if it will in any way adversely effect the global market.
During a speech at a press conference, Chen stated that due to the size of population within China, every move they make has broad-scale ramifications on the global [...]

Snowstorms Hold Up Chinese Investment Growth

by Rohan Parker

The fiercest snowstorms seen in the past 50 years have dramatically slowed growth in factory and property spending in the central provinces.
Bloomberg surveyed 21 economists and found that, using the median, fixed-asset investment in urban areas saw an increase of 24% in the first two months of this year. The increase in the same sort [...]

Thursday, March 6, 2008

Chinese Fiscal Income Touches 5.13 Trillion Yuan for 2007

by Richard York

According to the Chinese Ministry of Finance’s figures the fiscal revenue of China for the year 2007 touched 5.13 trillion Yuan that is US$733 billion. This fiscal revenue for the country is an increase by 1.25 trillion Yuan, or 32.4% year on year. The main source of revenue for China is the tax income and [...]

Wednesday, March 5, 2008

Chinese Inflation Target for 2008 to be 4.8%

by Richard York

The Prime Minister of China Wen Jiabao is committed to control the nation’s consumer price index or CPI growth rate under 4.8% for the current year which is the average level of the CPI for the last year. This target set by the Chinese leadership will help in relaxing the growing pressure of inflation. The [...]

Tuesday, March 4, 2008

Reconstruction Work in China Creating Extra Business

by Richard York

China experienced the worst in a century snowstorm and winter which hit the infrastructure, agriculture, and normal life hard in the New Year. The Chinese government has initiated reconstruction work in many of its provinces that were badly hit by the snowstorm and winter and this reconstruction work is now generating extra business in a [...]

Monday, March 3, 2008

China on Way to Become the Shipyard of the World

by Richard York

Shipbuilding in China is fast growing up with orders for new ships coming from all over the world and from major companies like Maersk, Gear Bulk, Stena AB and many others. The dry-dock of a shipyard in Dalian city of China which is in the northeast region of the country is abuzz with shipbuilding activity. [...]

Friday, February 29, 2008

Pension funds to improve Equity stakes

by Richard York

The $70 billion national pension fund that has been approved is believed to improve the equity stakes in the domestic companies. It is also supposed to boost the investment that is there in the infrastructure industry, the national pension chairman Dai Xianlong said on the 29th of February.
He also said that, even though many other [...]

Thursday, February 28, 2008

Beijing Unveils Largest Airport Terminal as Summer Olympics Draw Closer

by Richard York

The Beijing Capital International Airport Company is all set to unveil its third airport terminal which is larger than all the five air terminals at the Heathrow Airport in London. The opening of this air terminal will enhance Beijing’s ability to handle air passengers as the city prepares for the approaching Summer Olympics. This air [...]

Wednesday, February 27, 2008

Chinese Property Prices on the Decline

by Richard York

The biggest property developers of China are now seeking the help of discounts and incentives for customers so that the declining sales and credit crisis can be kept in control. The problems of declining sales and the credit shortage have begun since the end of 2007. The biggest developer by assets on the mainland, Vanke [...]

Tuesday, February 26, 2008

SEPA of China Blacklists 141 Serious Pollutants

by Richard York

The State Environmental Protection Administration or SEPA, the Chinese environmental agency on Tuesday came down harsh on as many as 141 pollutants and blacklisted them due to their serious danger to the environment and serious pollution these pollutants were causing. Deputy Director of the State Environmental Protection Administration, Pan Yue told that the blacklisted items [...]

Monday, February 25, 2008

Inadequate Coal Supply to Affect Power Production in China

by Richard York

The worst in fifty years snowstorms in China is showing its effect on the economy of China which has already suffered loss of lives and agriculture produce. Although news had it that the limited Chinese coal supply in Asia had increased coal prices in the region, now the country itself is under serious trouble of [...]

Friday, February 22, 2008

Chinese Government Subsidy to Farmers for Buying Refrigerators and Televisions

by Richard York

Farmers in the rural regions of China now have reason to smile since their government is helping them to buy things like television sets, mobile handsets and refrigerators. When one such farmer Yuan Shanchun became the first such beneficiary of the government’s grace and when this 51 year old farmer was able to buy a [...]

Thursday, February 21, 2008

Tough Times for Chinese Banking in 2008: Analysts

by Richard York

The year 2007 for the Chinese banking sector was the most brilliant. However, in the current year, the banking sector of China will have to face tougher times, as fear of global economic slowdown led by the US economy begins to take its effect. In addition to this global slowdown in the economy, the tight [...]

Wednesday, February 20, 2008

China Likely to Continue Tightening Policy to Tame Inflation

by Richard York

Economic analysts are of the opinion that the rising inflation pressure will force the Chinese policy makers to continue with their tightening policy despite the global economic slowdown due to the sluggish US economy. Analysts say that the Chinese leadership is most likely to tighten its monetary policy still further and let the Yuan quickly [...]

Tuesday, February 19, 2008

Chinese FDI Doubles

by Richard York

The Chinese foreign direct investment more than doubled in the first month of the New Year from the figures recorded in the earlier year. The doubling of the FDI in China added more fuel to the fastest growing economy of the world and threatened overheating of the economy. Foreign cash has been flooding the Chinese [...]

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