A nuclear power facility opening in China has been cancelled in response to the opposition by a majority of residents. A planned facility to process nuclear fuel in Jiangmen of Guangdong province with an investment of up to 37 billion yuan was the first industrial park planned in South China for nuclear fuel production. The Chinadaily.com reports that the 229-hectare Longwan Industrial Park ...
Inquries over bribery up in China
BEIJING - Chinese prosecutors received more than 600,000 inquiries about bribery records involving companies or individuals in the first six months, the Supreme People's Procuratorate (SPP) said in a statement Sunday. The figure represents a 76.5 percent rise from the same period last year, as more government departments and trade associations are taking advantage of such inquiries to ...
China economic data preview Slowing expected
LOS ANGELES (MarketWatch) -- Economists expect a bundle of Chinese data due out later Monday to show slowing in the world's second-largest economy, given weakness in recent data. China is slated to report second-quarter gross domestic product, as well as June industrial production, retail sales and fixed-asset investment, among others. A Reuters survey indicated economists see GDP growth ...
Tension ahead of Chinas GDP release
Trimming its first weekly advance in four the Australian dollar tumbled on Friday as investors increased speculation that the Reserve Bank will cut official interest rates when they meet early next month. Having reached a mid-week high in excess of the 93 US Cents level, the Australian dollar reached its lowest point since September 2010 on Friday with traders once again pushing the Greenback ...
Aust bond futures lower ahead of China GDP
Australian bond futures prices are slightly lower as investors await the release of Chinese quarterly gross domestic product (GDP) figures.Nomura rates strategist Martin Whetton said the Australian bond market had been quiet since Friday, managing to retain most of the gains made last week after US Federal Reserve chairman Ben Bernanke eased concerns over the possible withdrawal of economic ...
Euro China loans A nation?s folly
The fresh Eurobond is primarily also targeted at consolidating market benchmarks for long-term external loans for the country's public and private sector borrowings. Curiously, since the DMO was established, Nigeria's domestic and external debt has exploded from below N1tn ($6bn) and $4bn to over N6tn ($36bn) and $6bn ...
Seoul shares may rise but gains limited before China GDP
SEOUL, July 15 (Reuters) - Seoul shares may open slightly higher on Monday after Wall Street rose the session before, but caution ahead of a raft of key Chinese economic data later in the day will likely cap gains, analysts said. "All eyes are on China today. The market will likely move sideways as investors await the data," said Lee Eun-taek, a market analyst at Dongbu ...
Tiger Rory set for 2nd duel in China
/enpproperty--> Tiger Woods and Rory McIlroy will go head-to-head in a two-man exhibition for the second time in China following last year's outlandish Duel at Jinsha Lake, organizers said on Saturday. Golf's world No 1 and No 2 will appear at an as yet unnamed venue on Oct 28, reprising their one-day meeting a year earlier which became infamous for its unruly crowds and ...
Tighter car loans in Beijing but cash still king for buyers
/enpproperty--> The lack of liquidity at domestic banks is making it harder to get a car loan in Beijing, but that is likely to have minimal impact on the mostly cash market. An attendant of China Merchants Bank told China Daily that applying for car loans in Beijing is now more difficult than in other cities. Applicants must now have real estate worth at least 1.5 million yuan ...
Will a job market scare push Beijing to act
The bizarre story of a U.S. businessman being held captive by his workers in a Beijing factory in a row over wages last month is among a series of signs recently that China's once tight labor market may be unraveling as policymakers tolerate slower growth. Employment indicators like HSBC's purchasing manager's sub employment index for June also point to a fast rate of job shedding ...
Recording diversity of dialects gives window into Chinas soul
/enpproperty--> Language is a window into a country's soul. It shows the diversity of words and the richness of expression. But in an age of instant electronic communication, the spoken word in its various forms is in danger of being drowned out. Now, a website is dedicated to preserving the richness of different dialects across China. The Phonemica homepage shows a map of ...
Economic Preview China news agency corrects 7-growth comments
original Xinhua news agency report quoted Finance Minister Lou Jiwei as tipping 7% growth for 2013, which would have marked a significant slowing from the 7.8% recorded in 2012 and half a percentage point below Beijing's stated goal for the ...
Australia shares seen higher on Wall St eyes on China GDP
SYDNEY, July 15 | Sun Jul 14, 2013 6:51pm EDT SYDNEY, July 15 (Reuters) - Australian shares are set to open higher on Monday, following Wall Street's rally last week on strong earnings and the Federal Reserve's stimulus reassurance, but investors are likely to be cautious ahead of China's GDP data due later on the day. * Local share price index futures edged up 0.3 percent, ...
China Data On Tap For Monday
China is scheduled to release a raft of economic data on Monday, highlighting a busy day for Asia-Pacific economic activity. On tap are Q2 numbers for gross domestic product, plus June figures for industrial production, retail sales and fixed-asset investment.GDP is expected to rise 7.7 percent on year and 1.8 percent on quarter after rising 7.7 percent on year and 1.6 percent on quarter in the ...
China fears drag NZ dollar down
THE New Zealand dollar is trading near a week low on concern about a slowdown in China, the country's second-largest trading ...
China economic slowdown seen deepening as Beijing pushes reform
By Langi Chiang and Jonathan StandingBEIJING (Reuters) - China's GDP growth is expected to have slowed down in the second quarter as weak overseas demand weighs on output and investment, providing a test for Beijing's resolve to revamp the world's second-biggest economy in the face of deteriorating data.Second-quarter GDP figures are due to be published on Monday along with other ...
China cancels plans to build $6bn uranium processing plant
China has abruptly cancelled plans to build its largest uranium processing plant in a southern Chinese city, a day after hundreds of protesters took to the streets demanding the project be scrapped, a local government website said on ...
Belarussian President to start his three-day visit to China
MINSK, July 15 (Itar-Tass) - Belarussian President Alexander Lukashenko will begin his three-day visit to China on Monday at the invitation of his Chinese counterpart Xi Jinping, the presidential press service said. Lukashenko is expected to meet with Xi Jinping, Premier of China?s State Council Li Keqiang and Chairman of the National Committee of the Chinese People?s Political ...
Confusion over China growth drove $A lower
THE Australian dollar has dropped below 90 US cents after China's finance minister was quoted as saying the world's second largest economy was growing at a slower pace than the previously forecast 7.5 per cent. At 0700 AEST on Monday, the local unit had rebounded and was trading at 90.70 US cents, but was still down from 91.67 cents on Friday. The Australian dollar briefly dropped below ...
Analysis As Chinas economic pain increases so does reform effort
Construction workers wait for a bus after their workday at Pudong financial district in Shanghai July 8, 2013. China's resolve to revamp its economy for the long-term good will be tested this month when a slew of data show growth is grinding towards a 23-year low, with no recovery in ...
$A weakens as China justifies rate rise
The Australian dollar is one US cent weaker after the People's Bank of China said a short-term jump in interest rates would not hurt the world's second biggest economy.At 0630 AEST on Monday, the local unit was trading at 90.68 US cents, down from 91.67 cents on Friday.The currency struggled during offshore trade as the Chinese central bank on Sunday said liquidity in the banking ...
China concerns weigh on NZ dollar
The New Zealand dollar is trading near a week low on concern about a slowdown in China, the country's second-largest trading partner. The kiwi recently traded at 77.81 US cents, unchanged from late New York trading Friday, and down from 78.68 cents at the 5pm close in Wellington. During New York trading, the local currency slipped to its lowest in almost a week of 77.50 cents. The trade-weighted ...
Source: http://www.beijingnews.net/index.php/sid/215826841/scat/55582c89cb296d4c
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