Monday, February 18, 2008

Chinese Leadership Trading Carefully in Controlling Food Prices

by Richard York

Food prices in China are rocketing to the skies and this has got the Chinese Communist leadership worried for the fear of a social unrest in the country. The Chinese government is finding it hard to reign in food prices and at the same time tame the inflation rate and the government this time is [...]

Friday, February 15, 2008

Nuclear Power- China’s Biggest Energy Resource

by Richard York

The energy needs of the fastest growing economy of the world China are huge and the nation is looking at nuclear power as the best source of energy to fuel its exponential economic growth. China is the world’s second biggest energy consumer and hence it needs different energy resources. Nuclear power has now assumed a [...]

Thursday, February 14, 2008

Snowstorm Insurance Claims in China Reach $165 Million

by Richard York

The recent snowstorms may not have much affected the economy of China but it has certainly shaken the insurance industry of China. The recent ice and snow storms in China that began to wreck havoc from January 10 were the worst that the nation experienced in the last fifty years according to the Xinhua news [...]

Wednesday, February 13, 2008

Chinese Stock Market Unshaken Despite Global Recession

by Richard York

The Chinese stock market has remained unaffected and on the contrary it appears strong in the face of economic slowdown in the world and it has also withstood the upheavals in the stock market that occurred for the past many weeks. Experts are of the opinion that the acute decline in the prices of A-share [...]

Tuesday, February 12, 2008

Government Procurement in China Hits Record

by Richard York

The Chinese government procurement reached new heights in the year that concluded and the procurement by the government stood at about 400 billion Yuan which is $55.6 billion. The procurement of services and goods of China in the previous year had stood at 368.1 billion Yuan. These were the preliminary figures that were released by [...]

Monday, February 11, 2008

Chinese GDP Rises by Almost 11.4 Percent

by Richard York

The fast growing economy of China has yet again proved itself because the official figures released by the Chinese government indicate that the economy expanded by almost 11.4%. This expansion of the Chinese economy is the fastest one in thirteen years which was recorded in the year 2007. China managed this expansion even if there [...]

Friday, February 8, 2008

Chinese Grain Yield Unaffected by Heavy Snow Storms

by Richard York

The grain harvest of China for the current year is expected to remain steady despite the heavy snow that has assumed a worsened form as compared to the last five decades. The fact was confirmed by the State Grain Administration or SGA of China. The SGA has said that if there are no more natural [...]

Tuesday, September 25, 2007

China In WTO Investigation Over Copyright Problems

by Stewart Douglas

China has today become the subject of a formal investigation by the World Trade Organisation on behalf of the US, following a number of high profile complaints of piracy and copyright infringement, particularly in manufacturing sectors.
The US authorities have officially alleged that China is not doing enough to tackle the problems of piracy and counterfeiting [...]

Friday, September 21, 2007

Developed Economies Not Doing Enough To Recognise Asian Growth

by Stewart Douglas

The more developed global economies are not doing enough to keep up with the rise of India and China as economic superpowers, which could lead to significant global economic problems, according to a speech made today by a former president of the World Bank.
The richer economies have not yet adapted to the fact that the [...]

Thursday, September 20, 2007

China Price Freezes To Stop Inflation

by Stewart Douglas

The Chinese government has today announced it is freezing certain prices within the economy in order to help keep inflation under control to prevent further economic detriment, as part of its ongoing commitment to keeping inflation under control.
The move came after inflation for the month of August on the consumer price index rose to 6.5% [...]

Tuesday, September 18, 2007

China Announce Congo Mineral Development

by Stewart Douglas

China has today announced a strategic partnership with Congo in relation to developing and constructing infrastructure for mineral and resource extraction, which is set to see heavy investment in transport and welfare projects.
The deal will see China loan Congo $5 billion in establishing more scalable extraction infrastructure for the vast mineral resources the country has [...]

Thursday, September 13, 2007

Yuan Up To Record Value Against Dollar

by Stewart Douglas

The Chinese yuan has closed at a record high against the dollar, as continuing weakness in the US economy sees even further devaluation of its currency.
At the close yesterday, the yuan was up at 7.5596 to the dollar, its highest ever rate against the dollar. Since the Chinese authorities ended the fixed rate of [...]

Tuesday, September 11, 2007

China Inflation Peaks Beyond Ten-Year High

by Stewart Douglas

The national Chinese rate of inflation has grown beyond its previous ten year high off the back of steadily rising meat and pork prices, according to official figures released today.
In figures released by the National Bureau of Statistics today, the Chinese consumer price inflation rate was up to 6.5% over the year to August, an [...]

Tuesday, September 4, 2007

China Says Reserves Are Not Invested In Sub Prime Lending

by Stewart Douglas

The Chinese government has today been quoted in local press as saying that foreign reserves are not tied up in the US troubled sub-prime sector, in a week that has seen many other major organizations detail the extent of their exposure to the sector.
Many national reserves and investment funds around the world have been hit [...]

Wednesday, August 29, 2007

Air China Profits Increase By 300%

by Stewart Douglas

Air China has today announced a tripling of profits over the first two quarters of 2007, according to reports from the region today.
The Chinese airline, owned by the government, has seen its profits skyrocket to around $205 million for the half ended June, compared to just around $70 million this time last year.
The airline has [...]

Tuesday, August 21, 2007

China In Interest Rate Hike

by Stewart Douglas

The People’s Bank of China has today announced it’s decision to raise interest rates for the fourth time this year, on the back of mounting inflationary pressures within the economy.
The central bank of the world’s fastest growing economy has decided to raise interest rates four times this year in an attempt to stop rising prices.
The [...]

Tuesday, August 14, 2007

China Sees Rampant Consumer Sales Growth

by Stewart Douglas

Chinese consumer sales growth is rampant, expanding at the quickest rate in over three years, according to figures released today.
The Chinese economy, growing quicker than any other economy worldwide, is seeing a rise in retail sales, driven by rising wages and disposable incomes nationwide.
China grew economically by eleven and a half percent over the first [...]

Friday, August 10, 2007

China Money Supply On The Increase In July

by Stewart Douglas

China have today released figures showing an increase in money supply nationwide, leading to increasing fears of inflationary pressures.
The figures released today by the Chinese central bank reflected an increase of in excess of 18.45% on a yearly basis for the month of July.
The money supply in July totalled a highly significant 38.39 trillion yuan, [...]

Saturday, August 4, 2007

Shanghai set a third record within a week

by Stewart Douglas

For what has now happened for the third time this week, Shanghai Composite Index closed at a record today.
The share index based in China reported strong trading in its shares as confidence in Chinese markets remains extremely high. This news comes in spite of interest rate and cash reserve ration increases of recent weeks, designed [...]

Monday, July 30, 2007

China Steps In To Regulate Pollution

by Stewart Douglas

The Chinese government environment department has taken action today against what it sees as the major commercial contributors to pollution nationwide.
The agency has created what is being referred to as a ‘blacklist’ of thirty of the worst offenders across the country, with sanctions being imposed for those ‘named and shamed’.
After China’s recent rapid economic growth, [...]

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