Tag: China

• Thursday, October 27th 2011 - 23:31 UTC

  China ready to support Euro rescue fund and held stabilize global markets

  

  French president Nicolas Sarkozy conferred with his Chinese counterpart Hu Jintao as European policy makers seek to build support for an enlarged rescue fund designed to resolve the region’s sovereign-debt crisis.

• Tuesday, October 25th 2011 - 03:49 UTC

  Chinese leaders growing concern with food and property prices

  

  China's Premier Wen Jiabao said the country must control food and property inflation to ensure social stability. The remarks came after the premier visited fresh food markets in south western China over the weekend.

• Monday, October 24th 2011 - 20:19 UTC

  Brazil preparing strict imports’ controls to safeguard domestic industry

  

  Brazil is preparing to implement more strict controls on imports from Asia, particularly China arguing that Beijing will try to take advantage of the positive performance of South America to compensate for the fall of sales in the European Union and the US currently under the burden of the Euro and debt crises.

• Friday, October 21st 2011 - 05:03 UTC

  Brazil Supreme Court suspends 90 days higher tax on imported cars

  

  Brazil’s Supreme Court suspended until mid-December a higher tax on imported cars imposed in September to protect local manufacturers from cheap import from China, Korea and elsewhere.

• Wednesday, October 19th 2011 - 16:48 UTC

  China’s economic expansion slowed down in third quarter; fears of Euro crisis impact

  

  China's economic expansion slowed during the third quarter of the year as government measures to control inflation hurt growth. China's economy grew by 9.1% in the three months to the end of September from a year earlier, down from 9.5% in the previous quarter.

• Wednesday, October 19th 2011 - 16:33 UTC

  Great China (Beijing, HK, Singapore, Taiwan) reducing holdings of US debt

  

  China has reduced its holdings of US debt to their lowest level in a year, after the US's credit rating was downgraded by Standard & Poor's (S&P). China sold 36.5bn dollars in US Treasuries or bonds to cut its holding to 1.137bn in August, latest data by the US Treasury Department showed.

• Monday, October 17th 2011 - 19:12 UTC

  What crisis? Luxury sector forecasted to expand 10% this year; Great China leads

  

  The luxury sector is set to post double-digit growth this year to 191 billion Euros driven by the appetite of the Great China consumers for top-quality goods, according to a study by Bain & Company released on Monday

• Friday, October 14th 2011 - 22:00 UTC

  September inflation in China eased but high prices for food remain a concern

  

  Inflation in China eased slightly in September but high prices, especially for food, remain a concern for the country's population. Consumer prices rose 6.1% last month, compared with the same month last year, the National Bureau of Statistics said.

• Thursday, October 13th 2011 - 23:41 UTC

  IMF says China can partially offset the impact of a global crisis

  

  China has the scope to respond if global economic risks materialize, and the country's response could partially but not entirely offset the impact of a global crisis, the International Monetary Fund's Asia and Pacific director said on Thursday.

• Tuesday, October 11th 2011 - 07:48 UTC

  China to increase oil and sales tax (5 to 10%) to reduce consumption

  

  China will expand a tax on oil and natural gas sales to the entire country as of November first to try and reduce consumption. The tax will be 5-10% of sales, the State Council said Monday.