Tag: China

• Monday, April 11th 2011 - 05:07 UTC

  China posts surprise quarterly trade deficit of 1.02 billion USD, first in six years

  

  China on Sunday reported a surprise quarterly trade deficit of 1.02 billion US dollars, the first in six years as it settles to rebalance its export oriented economy to boost domestic consumption in the next five years.

• Tuesday, April 5th 2011 - 21:23 UTC

  China anticipating higher inflation hikes interest rate by 25 basis points

  

  China’s central bank announced Tuesday it would raise the benchmark one-year borrowing and lending interest rates by 25 basis points beginning Wednesday. This is the second time that The People’s Bank of China raises the benchmark interest rate this year and the fourth such increase since the start of last year.

• Monday, April 4th 2011 - 01:55 UTC

  Almost half of China’s dairies closed down following quality inspections

  

  Nearly half of China's 1,176 dairies are being shut down after failing to obtain new licences, the country's quality inspection agency says. It says that 533 dairy producers have been ordered to halt productions after a government safety audit.

• Saturday, April 2nd 2011 - 06:53 UTC

  The delicate balance of ‘cooperation’ and ‘competition’ between China and Brazil

  

  Brazilian president Dilma Rousseff and her Chinese peer Hu Jintao will address the Libyan crisis and other issues related to the Chinese currency, Yuan, which has Brazilian manufacturers most concerned, anticipated the Brazilian Foreign Affairs ministry.

• Wednesday, March 30th 2011 - 05:03 UTC

  G20 meeting in China expected to address Japan, Libya and European debt crisis

  

  China hosts Wednesday a Group 20 leaders meeting, originally scheduled to address the international monetary system, most probably criticism of the US Federal Reserve for flooding the world with money, but the latest world events, Japan, Libya and Europe’s debt crisis are bound to change the emphasis of the agenda.

• Monday, March 21st 2011 - 19:11 UTC

  Fearing social unrest, Beijing bans “hedonistic, high-end” lifestyles advertising

  

  China's capital has banned outdoor advertising that promotes hedonistic or high-end lifestyles as the government seeks to ease public concerns about the country's widening wealth gap.

• Thursday, March 17th 2011 - 18:04 UTC

  China will finance and build 20.000 housing units in Venezuela

  

  Venezuela signed an agreement with Chinese companies Citic Group and Industrial & Commercial Bank of China Ltd. to negotiate a 4 billion US dollars loan to finance oil and construction projects, President Hugo Chavez said in Caracas.

• Thursday, March 17th 2011 - 15:27 UTC

  Brazilian industry creates a Chinese Studies Centre to monitor bilateral trade

  

  Brazil’s powerful Federation of Industries of Sao Paulo State (Fiesp) is set to create a Chinese Studies Centre in partnership with the federal government, the president of the federation said in Sao Paulo.

• Tuesday, March 15th 2011 - 05:32 UTC

  Corruption and inflation, main challenges to social stability admits China

  

  Premier Wen Jiabao said on Monday China would pursue political reforms only in a “gradual” manner and within the umbrella of one-party rule, even as he ruled out the likelihood of the recent West Asian uprisings having any impact on China.

• Monday, March 14th 2011 - 06:50 UTC

  Brazil preparing plan to stimulate industry and cut knick-knack Chinese imports

  

  Brazil imports too many knick-knacks from China complained Brazilian president Dilma Rousseff, who next month makes an official state visit to the Asian giant, according to reports in the Sao Paulo press