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China, India poised to grow faster: OECD Paris (AFP) Nov 19, 2009 
Emerging market economies China and India are poised to accelerate due to strong stimulus measures while Japan's recession has "bottomed out" and its economy will pick up, the OECD projected Thursday. The forecasts come as many developed nations, which are only slowly emerging from recession, are looking to China and India to act as engines of global growth. South Korea, meanwhile, is ... read moreGlobal crisis a wake-up call for China, Asia: Stephen Roach 
Singapore (AFP) Nov 18, 2009The global economic crisis is a wake-up call for China and Asia's export-led economies to speed up efforts to boost domestic spending and rely less on the US consumer, a veteran Morgan Stanley executive said Wednesday. Stephen Roach, chairman of Morgan Stanley Asia, told a media briefing that the days of relying on American consumers to drive the region's economic growth were over. ... more
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70 percent of Americans see China as economic threat: poll
Washington (AFP) Nov 17, 2009A clear majority of Americans see China as an economic threat, a poll showed Monday, as Barack Obama sought to bolster relations on his first trip to Beijing and Shanghai as president. More than 70 percent of those questioned in the CNN poll said they considered the Asian giant to be an economic threat, while only 28 percent disagreed with the notion. Two-thirds of those surveyed said ... more Obama vows 'serious' bid to cut US deficit
Singapore (AFP) Nov 15, 2009President Barack Obama on Sunday vowed to take "serious steps" to cut the huge US budget deficit, which is complicating America's economic recovery hopes and threatening his own political prospects. Obama told Asia-Pacific leaders at a summit here that he intended to curtail US government debt, with the White House forecasting a whopping deficit of 1.502 trillion dollars in fiscal 2010. ... more China's output, retail sales gather pace in October
Beijing (AFP) Nov 11, 2009China said Wednesday that massive government spending was paying off as a new wave of data showed the world's third-largest economy continued to strengthen, following the worst global crisis in decades. Industrial production and retail sales picked up pace in October, while demand for Chinese exports improved, official data showed, putting the government's growth target of eight percent well ... more China urban property prices strong in October 
Beijing (AFP) Nov 10, 2009Property prices in major Chinese cities picked up in October, government data showed Tuesday, as people scrambled to buy amid fears that tax breaks and other favourable policies may soon be withdrawn. Prices of real estate in 70 medium and large cities in China rose 3.9 percent last month from a year earlier and 0.7 percent from September, the National Bureau of Statistics said in a ... more |
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IMF warns over surge in Hong Kong property prices
Hong Kong (AFP) Nov 3, 2009The International Monetary Fund said Tuesday that Hong Kong faced a potential surge in property prices and endorsed a government plan to cool any overheating in the market. The Washington-based organisation's warning came as prices in the southern Chinese city soared with luxury developments up more than 40 percent since January this year. Concerns about the price spike -- largely driven ... more China manufacturing activity expands in October: survey 
Beijing (AFP) Nov 2, 2009China's manufacturing activity continued to expand in October, as domestic and overseas demand strengthened and employment picked up, an independent survey published Monday showed. The HSBC China Manufacturing PMI, or purchasing managers index, rose to an 18-month high of 55.4 in October from 55.0 in September. A reading above 50 means the sector is expanding, while a reading below 50 in ... more What crisis? China's billionaires live it up 
Beijing (AFP) Oct 28, 2009While the rest of the world struggles to bounce back from the global financial crisis, China's billionaires are living large, snapping up luxury products at a breathtaking pace. Beijing's Jinbao Street is the must-visit address for billionaires with yuan to burn. Once a maze of alleys, the 800-metre (yard) stretch of road is now home to Rolls-Royce, Bugatti, Lamborghini, Gucci, Cartier, the ... more China's Jan-Sep energy output up 9 pct: state media
Beijing (AFP) Oct 27, 2009China's overall energy output rose nine percent on-year in the first nine months of 2009, state media reported Tuesday, in another sign its emergence from the global slump is picking up steam. Energy output from January to September totalled 2.01 billion tonnes of standard coal equivalent, as production ramped up along with the recovering economy, the People's Daily said, citing the National ... more |
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