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Tag Archives: China

China Finance Pay to Grow by Double Digits

china dragon

Feb. 28 (Bloomberg) — Pay for newly hired senior investment professionals in China and emerging Asian countries may see double-digit growth this year as banks in the region compete for talent and avoid European debt crisis fallout. Compensation for a senior corporate banker in Beijing, excluding bonuses, is projected jump 42 percent this year to at least 2 million yuan ... Read More »

China’s natural gas imports rose 66.7 percent in January

Asian Pipelines

BEIJING, Feb. 26 (Xinhua) — China’s natural gas imports rose 66.7 percent year-on-year to hit 3.6 billion cubic meters in January, the country’s top economic planner said. The rapid increase has further pushed up the share of imported natural gas in the country’s natural gas consumption, the National Development and Reform Commission (NDRC) said in a statement on its website. ... Read More »

China’s PBOC may cut interest rate before July

china mao yuan

BEIJING, Feb. 26 (Xinhuanet) — China’s central bank may cut the interest rate in the second and third quarters this year, as the economies in the EU and US slow down further while domestic inflation pressure gradually eases, economists said on Saturday. According to research co-sponsored by Xiamen University and the National University of Singapore, China’s monetary policy is very ... Read More »

Zhu Guangyao: $100 Billion IMF Investment Is ‘Purely Rumor’

China's Vice Finance Minister Zhu

MEXICO CITY -(Dow Jones)- Reports that China is prepared to lend $100 billion to the International Monetary Fund are “purely rumor,” China’s Deputy Finance Minister Zhu Guangyao said Saturday. Speaking to reporters on the sidelines of a meeting of finance ministers and central bankers from the Group of 20 nations, Zhu said he was confident the euro zone’s problems can ... Read More »

China Encourages Solar Makers expansion

china-solar-photovoltaic-panels-manufacture

China set targets for increasing production capacity at key polysilicon and solar cell makers, part of the government’s plan to ensure its companies survive a slump in prices. China wants each “leading” company to have 50,000 tons a year of polysilicon capacity by 2015 and targets 5 gigawatts for each of its top solar-cell makers, according to a five-year plan ... Read More »

Asian Stocks Cap Record Weekly Win Streak

STOCKS

Asian stocks rose this week, sending the regional benchmark index to its longest-ever streak of weekly gains, as U.S. economic reports and signs of policy easing in China buoyed the outlook for Asian earnings. Shui On Land Ltd. (272) led Chinese developers higher on speculation more cities will attempt to lower restrictions on the property market amid signs the economy ... Read More »

China’s Growth May Slip to 8.6%

made in China

China’s economic growth may slip to 8.59 percent this year due to slowing in Europe, while inflation will ease to 3.3 percent, according to a Xiamen University and National University of Singapore joint forecast. Growth may bottom out in the second quarter, slowing to 8.35 percent before picking up again, according to the forecast released today at a forum in ... Read More »

China Can’t Rely on U.S. and Europe

china economy

  Feb. 23, 2012 – Feb. 23 (Bloomberg) — Nathan Sheets, global head of international economics at Citigroup Inc. and former head of the Federal Reserve’s international economic division, talks about the outlook for China’s economy. Sheets speaks with Tom Keene on Bloomberg Television’s “Surveillance Midday.” (Source: Bloomberg) (Bloomberg) Read More »

Market betting that Alibaba privatisation will be successful

Alibaba-China

The Alibaba Group offers up to $2.5 billion to take its Hong Kong-listed B2B trading platform private, four years after the company went public. The market gave a thumbs up yesterday to Alibaba Group’s proposal to privatise its Hong Kong listed business-to-business (B2B) unit Alibaba.com a little more than four years after it went public. Or how else does one ... Read More »

Manufacturing activity in China weakens in Feb: HSBC

Workers are seen inside a Foxconn factory in the township of Longhua in the southern Guangdong province

BEIJING: China’s manufacturing activity continued to contract in February as export orders weakened, HSBC said, in a further sign that the eurozone crisis and US weakness are hurting demand. HSBC’s preliminary purchasing managers index rose to 49.7, the highest level in four months, from a final reading of 48.8 in January, the British banking giant said in a statement, released ... Read More »