Tag: China

• Wednesday, August 18th 2010 - 04:28 UTC

  China points out: second-largest economy but not second largest economic power

  

  This week’s news that China had overtaken Japan to become the world's second-largest economy in the second quarter of this year made headlines around the world. The economic milestone was seen as a telling confirmation of the shifting balance of economic power in Asia, and as a culmination of China's stunning three-decade economic resurgence.

• Tuesday, August 17th 2010 - 09:20 UTC

  Chinese biggest state-owned bank raises 22 billion in initial public offering

  

  Agricultural Bank of China raised a record 22.1 billion USD in its initial public offering (IPO) in July despite a lukewarm response when the shares first went on sale. The IPO is the last by China's four biggest state-owned banks.

• Friday, August 13th 2010 - 07:00 UTC

  “Discriminatory trade” measures could limit Chinese interest in Argentina

  

  As China is gaining ever wider economic influence, Argentina runs the risk of losing the opportunity to benefit from the trend by keeping discriminatory measures against Chinese products, an Argentine expert warned.

• Thursday, August 12th 2010 - 04:05 UTC

  China on course to become biggest foreign direct investor in Brazil

  

  China's direct investment in Brazil has surged, putting China on course to be the biggest foreign direct investor in Latin America's largest economy this year.

• Wednesday, August 11th 2010 - 23:56 UTC

  Chinese industrial growth slows down for fifth consecutive month

  

  Chinese industrial growth slowed again in July, adding to data suggesting that the country's economy is cooling. Factory output was up 13.4% from July 2009, but this was the fifth consecutive month the annual pace had slowed and the lowest rate of 2010.

• Friday, August 6th 2010 - 00:28 UTC

  Chinese auto maker planning a plant with a production capacity of 170.000 units

  

  Chinese auto-maker Chery Automobile Co. will spend 700 million US dollars on a plant in Sao Paulo, Brazil's wealthiest state, the local newspaper o Estado de S. Paulo reported in its Thursday edition.

• Saturday, July 31st 2010 - 19:00 UTC

  China overtakes Japan as world’s second largest economy, says Beijing

  

  China has overtaken Japan to become the world's second-largest economy behind the United States, the country's chief currency regulator and vice-governor of the People's Bank of China (PBOC) said this week.

• Friday, July 30th 2010 - 06:00 UTC

  Citibank agrees fine to settle charges it misled investors with high risk mortgages

  

  Banking giant Citigroup has agreed to pay 75 million US dollars to settle civil charges that it misled investors over potential losses from high-risk mortgages. It agreed the settlement with US financial watchdog the Securities and Exchange Commission (SEC).

• Tuesday, July 27th 2010 - 02:37 UTC

  Soy-oil: Argentina hopeful India will replace China as main client

  

  India could become the main buyer of Argentine soybean oil according to Industry Minister Deborah Giorgi. The official made the announcement following a meeting on Monday with Indian in Buenos Aires Rengaraj Viswanathan.

• Friday, July 23rd 2010 - 02:44 UTC

  Argentina imposes antidumping measures on Chinese and Brazilian imports

  

  In spite of the ongoing dispute with China over the soy-oil import ban, Argentina this week imposed antidumping measures in the form of ad valorem rights on multi-processors originated in China and Brazil.