Tag: China

• Thursday, May 10th 2012 - 20:26 UTC

  China’s trade feeling the pinch of EU recession and US anaemic recovery

  

  China's export and import growth slowed in April raising fears about a sharp slowdown in its economy and triggering calls for monetary policy easing. Exports rose by 4.9% in April from a year earlier, down from the 8.9% annual growth seen in the previous month, a sign that global demand may be slowing.

• Tuesday, May 8th 2012 - 22:37 UTC

  China buying oil from Iran using the Yuan, reveals Teheran ambassador in UAE

  

  China is buying crude oil from Iran using its currency the Yuan, an Iranian diplomat has said. Oil transactions are usually settled in dollars but US sanctions make it difficult for Iran to accept payments in the US currency.

• Friday, May 4th 2012 - 17:16 UTC

  Brazil committed to compete with China in Africa for resources and growing market

  

  Brazil pledged major investment and technology transfer to Africa to repay a “solidarity debt” from a country with a huge black population to the poorest but resource-rich continent.

• Thursday, April 19th 2012 - 05:08 UTC

  YPF nationalization allegedly killed Repsol’s Chinese option to leave Argentina

  

  China's state-owned Petrochemical Corp (Sinopec) spokesman Huang Wensheng came on stage to play down rumours indicating that Argentina's move to nationalize local oil company YPF, controlled by Spain's Repsol, has spoiled years of planning by Sinopec to buy the energy giant.
  “We don't comment on market rumours,” Wensheng said.

• Tuesday, April 17th 2012 - 00:24 UTC

  “Corruption the greatest threat” to the ruling party admits China’s Wen Jiabao

  

  An influential Chinese journal has reprinted comments from China's premier calling for tougher anti-corruption rules, as a political scandal deepens. Wen Jiabao said corruption was the greatest threat to the ruling party

• Sunday, April 15th 2012 - 16:03 UTC

  China allows wider flotation margin for the Yuan against the US dollar

  

  China will allow the Yuan to trade in a wider daily range against the US dollar from Monday, taking another major step to further liberalise its exchange rate regime and make its currency more market oriented.

• Monday, April 9th 2012 - 15:50 UTC

  China’s inflation rebounds in March conditioning easier monetary policy

  

  China's inflation rebounded slightly in March after logging an extremely low growth in February, backing lingering uncertainty regarding the country's ability to contain price rises.

• Monday, April 9th 2012 - 15:40 UTC

  China planning 200m state of the art icebreaker for service in 2014

  

  A new icebreaker is scheduled to join Xuelong, China’s only Antarctic research vessel, in 2014, highlighting Beijing’s ambition for further exploration and scientific study in polar regions.

• Monday, April 2nd 2012 - 05:28 UTC

  China’s Sinopec buys 30% stake in Portugal’s Galp operations in Brazil

  

  Chinese oil group Sinopec officially completed a deal to buy a 30% stake in Petrogal Brasil which is responsible for oil and gas exploration and production activities of Portugal’s Galp Energia in Brazil.

• Saturday, March 24th 2012 - 08:35 UTC

  Chinese manufacturing slumps for fifth month; Euro zone shows signs of recession

  

  Chinese manufacturing slumped for a fifth month in March and the Euro zone economy is showing new signs of wilting, according to surveys revealed this week that pointed to weakening global demand.