Saturday, March 13th 2010 - 02:23 UTC

China calls on US not to make the Yuan de facto dollar peg “a political issue”

President Obama must decide by next month if China is labelled a “currency manipulator”

The United States should not make a political issue out of the Yuan, a Chinese central banker said as the long running friction between the world’s two leading economies approaches a critical deadline.

Saturday, March 13th 2010 - 01:56 UTC

Google will “pay the consequences” if it does not comply with China’s filtering

 Minister of Industry and Information Technology Li Yizhong

China's top internet official has warned that Google will “pay the consequences” if it continues to go against Chinese law. Google announced in January that it would no longer comply with China's internet censorship laws.

Saturday, March 13th 2010 - 00:55 UTC

To be a good journalist, first you must be a good Marxist, says Beijing

Hong Kong-based South China Morning Post broke the news

Chinese journalist must take tests on Marxist theory and the Chinese Communist Party is the last of Beijing’s drive to improve standards and ensure closer adherence to government media policies, reports said this week.

Saturday, March 13th 2010 - 00:45 UTC

China with 54 billionaires, only second to the US, says Forbes

 Indian industrialists Lakshmi Mittal  and Mukesh Ambani among the top five

India and China may still be considered developing countries, but that has not stopped them from producing some of the world's richest people.

Saturday, March 13th 2010 - 00:14 UTC

China oil demand in January jumps “astonishing 28%” says IEA

Emerging countries, particularly from Asia will underpin oil demand in 2010

China's demand for oil jumped by an “astonishing” 28% in January compared with the same month a year earlier, the International Energy Agency (IEA) says.

Friday, March 12th 2010 - 23:25 UTC

German Left leader warns on “extreme presidentialism” in Socialist Latinamerica

 Gregor Gysi: “I’m a democratic Socialist”

Gregor Gysi the leader of Germany’s Left considers a serious problem the extreme “presidentialism” of the new left wing governments in Latinamerica and said Cuba was on the wrong track if it believes social justice demands sacrificing liberties.

Friday, March 12th 2010 - 20:44 UTC

Beijing proposes Paraguay trade and cultural links

Foreign Affairs minister Hector Lacognata has had talks with Beijing peer, Yang Jiechi

China has proposed to Paraguay a gradual process of rapprochement with special emphasis in trade and cultural fields at a first stage, revealed Paraguay’s Foreign Affairs minister Hector Lacognata.

Friday, March 12th 2010 - 01:03 UTC

Forbes list includes 36 Latinamericans with fortunes above a billion dollars

Telecommunications tycoon Carlos Slim Heliú is also the richest man on earth

A total of 36 Latinamericans figure in the Forbes list of men with fortunes greater than a billion dollars, like the Mexican Carlos Slim, the new Chilean President Sebastián Piñera, and the Brazilian Eike Batista, as well as drug lord Joaquín Guzmán Loera, “El Chapo,” informed Forbes magazine.

Friday, March 12th 2010 - 00:00 UTC

February inflation in China anticipates further tightening of credit

The official line is that price rises will be “mild and controllable”

Chinese inflation hit a 16-month high in February, causing economists to call for the government to tighten the economy to prevent overheating. The annual rate of consumer price inflation rose to 2.7% in February, up from 1.5% in January, and ahead of analysts' expectations of 2.3%.

Thursday, March 11th 2010 - 23:45 UTC

China’s exports, imports soar in February, in spite of New Year festivities

 Growing rift with the US over the value of the Yuan

China's exports jumped by 46% in February compared with a year ago, raising hopes of a strong recovery in global trade. The increase was higher than analysts' expectations of a rise of between 35% and 40%.


Get Email News Reports!

Get our news right on your inbox.
Subscribe Now!