Tag: China

• Wednesday, July 6th 2011 - 15:48 UTC

  China hikes rates for the third time this year to combat inflation

  

  China has increased its main interest rates for the third time this year to try to curb inflation. Chinese central bank, the People's Bank of China, said its one-year lending rate would rise to 6.56% from 6.31% and its one-year deposit rate to 3.5% from 3.25%.

• Tuesday, July 5th 2011 - 00:24 UTC

  Mercosur attempt to implement a common trade defence policy ‘won’t be easy’

  

  Mercosur idea of a common trade defence policy has been present since the nineties but the initiative is difficult to implement because agreeing on a joint safeguard does not necessarily meet the demands of different interests, according to a leading economist from Brazil’s Getulio Vargas Foundation, GVF.

• Saturday, July 2nd 2011 - 05:56 UTC

  Chinese president warns corruption is eroding the Communist party grip

  

  Chinese President Hu Jintao has issued a mea culpa for rampant corruption in the ruling Communist Party, warning members about alienating the public as the organisation celebrates its 90th anniversary.

• Friday, July 1st 2011 - 01:38 UTC

  Beijing-Shanghai high speed train link begins commercial operations

  

  High speed trains linking Beijing and Shanghai made their commercial debut on Thursday on a 33 billion US dollars track China hopes will open a new page to the country’s rail history and help ease its overloaded transport system.

• Monday, June 27th 2011 - 15:09 UTC

  Chinese local governments have piled a debt equivalent to 1.4 trillion USD

  

  Fresh evidence shows that Chinese local governments commit the same sins as their counterparts in South America and even Spain, where most provinces, states and regional autonomies traditionally pile billions of dollars in debt that following some political arrangement are finally bailed out by the central government.

• Monday, June 27th 2011 - 06:40 UTC

  Global rice production reaches 476 million tons in 2011; strong Mercosur recovery

  

  Global rice production is expected to touch 476 million tons in 2011, on the back of improved weather conditions, as the influence of La Niña is expected to neutralize by June, United Nation’s body FAO said.

• Sunday, June 26th 2011 - 02:46 UTC

  China loans and oil prices boost Ecuador economy two years after default

  

  Ecuador’s bonds are rewarding investors with the best performance in Latin America as Chinese loans and higher oil prices boost confidence in the economy two years after the country defaulted on 3.2 billion US dollars in debt.

• Friday, June 24th 2011 - 22:58 UTC

  China says it can control inflation and maintain robust growth

  

  Chinese premier Wen Jiabao has said that China can control inflation and maintain its robust growth. Writing in the Financial Times, Mr Wen said “price rises will be firmly under control this year”.

• Friday, June 24th 2011 - 18:33 UTC

  China readies its first carrier, “a symbol of a great nation”

  

  Chinese military officials have confirmed that the country is completing work on its first aircraft carrier, based on the hull of Russian carrier Varyag.

• Tuesday, June 21st 2011 - 02:24 UTC

  “With a few drops of its reveres, China can finance Ecuador’s development”

  

  Ecuadorian president Rafael Correa said China has one of the largest liquid international reserves in the world and could with “a few drops” finance the development of his country and the whole of Latin America.