Reforming Bank Reform
[2011-04-19]
By providing an honest, rigorous assessment of the major reform proposals, the Independent Banking Commission has performed an invaluable service, and deserves recognition for a job elegantly done.
Chinese Social Network Files for U.S. IPO
[2011-04-18]
China’s largest social network, Renren, has filed for a U.S. IPO to raise up to 58.4 billion U.S. dollars, the first of the country’s networking sites aiming to tap the U.S. capital market.
Chinese Premier Wen Slams Food Scandals
[2011-04-18]
Premier Wen delivered a harsh speech recently, slamming illegal and conscienceless food producers.
Fresh Deposit Reserve Ratio Hike may Freeze 375Bln Yuan of Capital
[2011-04-18]
The new hike in banks' deposit reserve ratio is estimated to freeze up to 375 billion yuan of capital in banks.
Chinese President Hu Calls for Domestic Demand Expansion, More Openness
[2011-04-15]
Chinese President Hu Jintao vowed today to boost domestic demand vigorously and take proactive opening strategies.
China Sees Soaring Trade Volume with BRICK Partners
[2011-04-15]
The growth of China’s trade with other four members of BRICK, namely Brazil, India, Russia and South Africa, has outpaced that of overall foreign trade in the first quarter this year.
China GDP Ups 9.7Pct in Q1, March CPI Rose 5.4Pct
[2011-04-15]
China’s economy grew 9.7 percent in the first quarter of 2011 from a year earlier, while consumer prices hit a 32-month-high of 5.4 percent in March, government data shows today.
ExxonMobil Enters Agreements with Chinese Oil Giants over LNG Transportation
[2011-04-14]
ExxonMobil will supply 2 million tonnes of LNG from Papua New Guinea annually for China Petroleum and Chemical, or Sinopec, and 2.25 million tonnes of LNG from the Gorgon gas filed in Australia for China National Petroleum Corporation, or PetroChina.
Price Controls May Lead to Hyperinflation in China
[2011-04-14]
Edible oil producers would be in more difficult straits if price controls persist.
China to Monitor Banks' Daily LDR from June
[2011-04-13]
Chinese commercial banks may have to report their average daily loan-to-deposit ratios on a monthly basis from June this year, as the banking regulator specifies regulation on lending activities.
Fitch Cuts China's Yuan Debt Outlook to “Negative”
[2011-04-13]
Rating agency Fitch on Tuesday downgraded the outlook on China’s currency debt rating to “negative” from “stable,” and sustained the current rating at “AA-.”
12 Killed in Belarus Station Blast
[2011-04-12]
Death toll rose to 12 in a rush-hour explosion which tore through a metro station in the Belarus capital Minsk late on Monday.
IMF Says Chinese Economy to Grow 9.6Pct in 2011, 9.5Pct in 2012
[2011-04-12]
Economists at the International Monetary Fund say growth in China is projected to be robust at 9.6 percent this year and 9.5 percent in 2012.
The Anatomy of Slow Recovery
[2011-04-12]
So, what America needs now is not just a recovery in demand, but also structural adjustment. Unfortunately, the market cannot produce a demand recovery rapidly by itself.
Chinese Yuan Hits New High; Pressures Remain
[2011-04-12]
Chinese yuan continued its upward strength Monday despite a weaker-than-expected trade deficit data recorded in the first quarter, while pressures for yuan’s revaluation are still lingering.
Rising Oil Prices, Policy Restrictions Pull Down China Auto Sale Growth in Q1
[2011-04-11]
New Chinese car sales stood at 4.98 million units in the first three months, marking a sharp decline of 63.7 percent in growth from the same period of last year.
Can Radiation Be Good For You?
[2011-04-11]
One thing is certain: at all but extremely low doses – perhaps only slightly higher than background levels – radiation causes cancer.
Three Paths for Indebted Democracies
[2011-04-11]
One is that they intervene directly in markets, both domestic and across borders. Another is that they muzzle democracy to suppress public anger. A third is that they find scapegoats.
China Posts First Quarterly Trade Deficits on Higher Imports
[2011-04-11]
China has posted its first quarterly trade deficit in seven years, with imports rose to a new high, according to the customs data released Sunday.
EMU 2.0?
[2011-04-08]
The new emphasis on national budgetary rules is a welcome development – but it is only a first step.
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