Tag: China

• Tuesday, October 9th 2012 - 21:07 UTC

  World Bank further lowers China’s growth prospect as Euro zone and US falter

  

  World Bank has lowered its growth forecast for China citing weak demand for its exports and lower investment growth. The bank said it expects China's economy to grow by 7.7% this year, down from its projection of 8.2% in May.

• Friday, September 28th 2012 - 02:37 UTC

  Chile becomes the leading exporter of cherry and dried plums to China

  

  Chilean fruit exports to China have experienced a great increase in recent years having jumped 35% in 2011 (over 2010), with a value of 438 million dollars, according to statistics provided to the Chilean Ministry of Agriculture, which place Chile as one of the main fruit providers from the southern hemisphere.

• Wednesday, September 26th 2012 - 07:19 UTC

  China denies influencing the Venezuelan election in favour of President Chavez

  

  China has “no intention of influencing” the coming Venezuelan elections said a Foreign ministry spokesperson in Beijing following allegations from opposition presidential candidate Henrique Capriles that recent economic agreements signed between Beijing and Caracas are part of that strategy.

• Wednesday, September 26th 2012 - 00:07 UTC

  China’s first aircraft carrier enters into service, “a cause for patriotic passion”

  

  China's first aircraft carrier has entered into service, the defence ministry announced. The 300 meters Liaoning - named after the province where it was refitted - is a refurbished Soviet ship purchased from Ukraine (ex Varyag).

• Tuesday, September 18th 2012 - 06:33 UTC

  US presidential campaign reaches WTO with new case against China

  

  The United States launched on Monday a new trade case against Chinese auto and auto-parts subsidies as President Barack Obama stumped for votes in Ohio, an auto manufacturing state that could be decisive in the November presidential election.

• Friday, September 7th 2012 - 05:34 UTC

  Land Rover will manufacture the Freelander and Evoque in China

  

  British luxury car company Jaguar Land Rover has announced plans to build two of its models in China. It will be the first full manufacturing plant for the company outside the UK. Although the plans still have to be given final approval by the Chinese government, Jaguar Land Rover has already found a site for the plant, just north of Shanghai.

• Tuesday, September 4th 2012 - 00:20 UTC

  Growing fears China is slowing down faster than estimated

  

  China's manufacturing activity fell to a nine-month low in August, adding to fears that its economy is slowing faster than estimated. The official Purchasing Managers' Index (PMI) fell to 49.2, the lowest reading since November 2011, data released over the weekend showed.

• Friday, August 31st 2012 - 01:20 UTC

  China pledges support for Euro-zone; orders 50 planes from Europe Airbus

  

  China has signed a deal to buy 50 planes worth 3.5bn dollars from Europe's Airbus. The agreement is part of a slew of trade deals signed by German Chancellor Angela Merkel at the start of a two-day visit to China.

• Thursday, August 30th 2012 - 04:36 UTC

  China and Germany, world’s exporting giants meet in Beijing to discuss Euro-crisis

  

  German leader Angela Merkel is due to hold top-level talks Thursday on her second visit to China this year, with Europe's debt crisis taking centre stage as it begins to drag on the two global powers.

• Wednesday, August 29th 2012 - 05:59 UTC

  Brazil to deploy first floating oil terminal for refueling tankers in the high seas

  

  Brazil’s energy giant Petrobras said on Tuesday it will deploy the world’s first floating oil terminal capable of refueling tankers on the high seas.