Tag: China

• Thursday, July 19th 2012 - 18:50 UTC

  China property prices rise slightly in June as Beijing tries to boost growth

  

  Property prices in 70 Chinese cities rose slightly in June, compared to May, after eight months of decline. Home prices rose 0.3% in Beijing and 0.2% in Shanghai compared to the previous month, official data showed.

• Monday, July 16th 2012 - 23:59 UTC

  IMF cuts world growth forecast; Latam drops from 3.7% to 3.4%

  

  International Monetary Fund on Monday cut its global growth forecast and warned that the outlook could dim further if policymakers in Europe do not act with enough force and speed to quell their region's debt crisis.

• Saturday, July 14th 2012 - 07:15 UTC

  Markets find optimism in Chinese economy despite slower growth

  

  China's economy has grown at its slowest pace in three years as investment slowed and demand fell in key markets such as the US and Europe. GDP rose by 7.6% in the second quarter, compared with the same period a year ago. That is down from 8.1% in the previous three months.

• Thursday, July 12th 2012 - 06:57 UTC

  China cuts retail fuel prices 5%, the third cut in two months

  

  China, the world's second biggest consumer of fuel, has cut retail oil prices by about 5% with immediate effect. This is the third cut in two months, and some analysts say could be an attempt to increase fuel consumption. Demand for oil fell for the first time in three years in April.

• Monday, July 9th 2012 - 06:09 UTC

  China inflation down to a 29-month-low in June: 2.2%

  

  China’s consumer-price inflation eased to a 29-month low in June, giving Premier Wen Jiabao more room to relax economic policies after the second interest-rate cut in a month. The consumer price index rose 2.2% percent from a year earlier, the National Bureau of Statistics said in Beijing. Producer prices dropped 2.1%.

• Friday, July 6th 2012 - 07:16 UTC

  US trade complaint at WTO against China for imposing duties on car exports

  

  United States launched a trade complaint Thursday against China at the World Trade Organization, accusing Beijing of unfairly imposing duties on more than 3 billion dollars in exports of US-manufactured automobiles.

• Thursday, July 5th 2012 - 22:20 UTC

  China cuts interest rate a week ahead of next week’s release of second quarter stats

  

  China's central bank cut interest rates for the second time in two months to bolster an economy widely expected to record its sixth successive slide in growth in April-June.

• Thursday, July 5th 2012 - 07:17 UTC

  Puricelli in China praises the Hong Kong model as a good precedent for Malvinas

  

  Argentine Defence Minister Arturo Puricelli currently on a visit to Beijing underlined defence cooperation with China and said the “Hong Kong model” was a significant precedent for “the Malvinas cause”.

• Tuesday, July 3rd 2012 - 19:05 UTC

  China scraps plan to build 5 billion dollars steel plant in Brazil

  

  A major Chinese steelmaker has scrapped a plan to build a five-billion-dollar factory in Brazil due to high costs and a slump in global prices for the metal, state media said Tuesday.

• Tuesday, July 3rd 2012 - 18:46 UTC

  Bank of China expands in Brazil following 30bn dollars swap agreement

  

  Bank of China plans to cash in on the expanding bilateral trade between China and Brazil and the recent currency swap agreement between the two central banks.