Baidu Q3 Revenue Rises 76.4Pct
Third-quarter revenue for Baidu rose 76.4 percent to 2.256 billion yuan, the largest Chinese search engine announced in its latest results.
China Mapped out Energy Program During 12th 5-Year Plan
The objective of energy program is to maintain coal as dominating energy, while enhance production of other energies including hydroelectric, wind power, biomass energy, nuclear power and solar energy.
China Q4 GDP Growth to Drop to 8.8Pct: Essence Securities
The economic momentum on a quarterly basis turned into a modest recovery spiral from the rapid decline in the second quarter.
Latin America Becomes China's Second-largest Investment Destination
China has tightened its economic ties with Latin America countries, making the region the second largest investment destination.
U.S. Gov. Plans Arms Sale to Saudi Arabia
The 60 billion U.S. dollars worth of deal will be completed over next 15 to 20 years; Once approved, it will be the largest arms sale in U.S. history.
China Growth to be Around 9Pct, Thanks to 3 Growth Engines: Official
Three growth engines – urbanization, expansion of domestic consumption and greening capacity – will sustain China’s economy growth at 9 percent over the next five to ten years.
Minmetals Agrees to Buy MMG for $1.846 Bln
Monmetals Resources Ltd., has agreed to pay 1.85 billion U.S. dollars in cash and shares for MMG, marking a shift in its international role.
China to See Three Hikes of Reserves Next Year: Nomura
China will expect another three hikes of required deposit reserves in its banks next year, as large capital inflows continue flooding into the country due to loosening monetary policies in G3.
China Central Bank Unexpectedly Raises Interest Rate
The central bank on Tuesday raised interest rates for the first time in nearly three years in an attempt to combat inflation and soak up excessive market liquidity.
China Top Official Reaffirms Gradual Currency Reform
China is committed to pushing forward the gradual currency reforms while maintain the currency at a stable and balanced level.
World Bank Projected East Asia GDP Growth at 8.9Pct
The World Bank projected East Asia's economic growth at 8.9 percent, while warning capital risks to the stability of economy.
China Raises U.S. Debt Holdings in August
China increased its holdings by 21.7 billion U.S. dollars to 868.4 billion U.S. dollars in August from 846.7 billion U.S. dollars in July.
AIA Sets Prices for Hong Kong IPO
The offering would make it the second largest global initial public offering after the Agricultural Bank of China.
China Hit Back over U.S. Probe into Chinese Clean Energy Policies
A Chinese official warned the United States cannot win the trade fight, referring to the U.S. probe into China’s clean energy policies.
China Leading Economic Index Continues to Rise in August
“The China LEI’s increase in August suggests continuing growth and receding risks of a slowdown in coming months.”
China's Growing PE Funds to Change the Existing Market Structure: DTT
Investors are optimistic about China’s private equity funds market and RMB funds, and competitions generated by RMB funds will emerge as a new challenge for PE investment activities.
2010 Asian Games Cost More than 120 Bln Yuan
The Chinese city Guangzhou has spent more than 120 billion yuan to stage the Asian Games, with 109 of them coming to the city's infrastructure construction.
Hot Money Influx May Stand at $16 Bln in Q3
The hot money inflows into China are likely to reach 16 billion U.S. dollars in the third quarter this year, according to Morgan Stanley chief economist.
Alibaba, Microsoft Launch New Search Site
Etao has limited its searching services to areas in online shopping currently, is likely to develop into a comprehensive search engine, competing Baidu and Google.
Obama's Difficult Fiscal Summer
Voters have a way of holding elected officials accountable for their pronouncements. Fortunately, it appears that voters in the US are far ahead of the politicians.
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