Tag: China

• Friday, March 9th 2012 - 01:12 UTC

  Latam vulnerable to trade shocks and highly China-dependent, warns IIF

  

  Economic growth in Latin America should speed to 4.5% in 2013 thanks to monetary stimulus and steadier global conditions, raising the risk of policy complacency, the Institute of International Finance said on Thursday.

• Tuesday, March 6th 2012 - 23:55 UTC

  China boosts domestic security budget to face growing unrest

  

  Premier Wen Jiabao said China would strengthen its military's capabilities to win “local wars under information-age conditions”, even as the government announced a steep 11.5% rise in domestic security spending to ensure stability ahead of a leadership transition.

• Tuesday, March 6th 2012 - 04:51 UTC

  China increases defense budget to 100bn dollars; India says it is closer to 150bn

  

  China has announced it will increase defense spending by 11.2% in 2012, for the first time taking its annual military expenditure beyond 100 billion dollars as it puts in place plans to modernize its Army against the backdrop of an uncertain regional environment.

• Tuesday, March 6th 2012 - 01:06 UTC

  China targets 7.5% economic growth as it prepares for change of leadership

  

  China expects economic growth of 7.5% this year as it looks for more sustainable expansion, prepares for a change in leadership and rides out a global slowdown. Premier Wen Jiabao unveiled the target at the start of the annual National People's Congress.

• Monday, February 27th 2012 - 17:39 UTC

  China at turning point: current model is unsustainable says the World Bank

  

  The World Bank has warned China’s government that it must relax its grip on industry and move towards a free-market economy.

• Tuesday, February 14th 2012 - 20:51 UTC

  New Year or Euro crisis: China’s January exports fall, imports plummet 15.3%

  

  China's exports fell in January the first decline in more than two years, raising fresh concerns about the impact of a global slowdown on its economy. Exports dipped 0.5% from a year earlier hurt by sluggish demand and factories being shut during the Lunar New Year.

• Monday, February 13th 2012 - 20:06 UTC

  “We may be poor but not stupid”, China is not interested in EU government bonds

  

  The head of China’s 410 billion dollars sovereign wealth fund CIC brushed aside a call by German Chancellor Angela Merkel to buy European government debt, saying such investments were “difficult” for long-term investors.

• Tuesday, February 7th 2012 - 06:09 UTC

  China growth could drop by half in 2012 because of the Euro crisis warns IMF

  

  Economic growth in China could drop by half this year in the event of a sharp recession in Europe, the IMF predicted on Monday in a report that underscored the importance of global trade to the world's second largest economy.

• Monday, February 6th 2012 - 06:51 UTC

  Chavez supports Russia/China veto on UN Syrian resolution as “very positive”

  

  While Western and Arab countries responded with outrage after Russia and China vetoed a UN Security Council resolution that would have urged Syrian President Bashar al-Assad to give up power, Venezuelan president Hugo Chavez considered the veto as “very positive”.

• Sunday, February 5th 2012 - 07:52 UTC

  Jackie Chan to promote Brazilian manufactured executive aircraft in China

  

  Brazil’s aircraft manufacturer Embraer has delivered a Legacy 650 to celebrity Jackie Chan for the Chinese market. The aircraft is painted with a dragon logo.