Mar. 8 – Key events in Asia next week include the official crowning of China’s next president, earnings from the world’s biggest mobile phone operator and the possible naming of a new Bank of Japan governor.
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(Reuters) – China’s Export-Import Bank will provide a loan of $278.2 million to Sri Lanka to help lay a rail track to a key port which Beijing is building that has stoked concern in neighboring India. The port of Hambantota on the southern tip of the Indian Ocean island nation is envisioned as a refueling and service point for cargo …
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(Reuters) – Rosneft is seeking to borrow up to $30 billion from China in exchange for possibly doubling oil supplies, making Beijing the largest consumer of Russian oil and further diverting supplies away from Europe. Four industry sources familiar with the situation told Reuters that Rosneft was in talks with Chinese state firm CNPC about the borrowing, which would echo a $25 …
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Gold imports into China rose to an all time high last year according to a Bloomberg report. Driven by rising incomes, imports rose from 431.2 tonnes to a 834.5 tonnes according to data from the Census and Statistics Department of the Hong Kong government. Imports in December alone were 114,405 kilograms, a monthly record. Demand is expected to be boosted …
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THE use of the yuan worldwide surged to a record high in December partly due to increased yuan deposits in Hong Kong, a report showed yesterday. The monthly indicator that tracks the globalization of the yuan, compiled by the Standard Chartered Bank, jumped 2.8 percent, the largest since August 2012, to 748 in December from November’s 728 partly due to …
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CHINA’S reliance on trade may decrease further as the country turns toward domestic consumption to drive the economy, the top customs authority said yesterday. The total value of imports and exports accounted for 47 percent of China’s gross domestic product in 2012, a sharp fall from a record 67 percent in 2006 and 50 percent in 2011, the General Administration …
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Remarkable equity rallies in Japan and China in December have signalled a strong start to 2013. The FT’s Josh Noble talks to Tai Hui, chief strategist Asia for JP Morgan Asset Management about the prospects for Asian markets in the coming year.
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LOS ANGELES — Any foreign movie knocking on China’s door must pass through powerful gatekeepers — the China Film Group and its chief executive, Han Sanping. The China Film Group functions as the Chinese government’s guardian of a film market that recently shot past Japan’s to become the world’s second-largest in box-office receipts behind the United States. On a broad …
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China, Russia signed 27 trade deals worth $15 billion, Chinese Vice Premier Li says China, Russia should explore different field of cooperation, Li says Both countries should boost trade volumes and mutual investment, Li says WARSAW (Dow Jones)–China and Russia have signed 27 trade contracts worth $15 billion, as the two countries seek to deepen their trade and investment links, …
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BEIJING, April 11 (Xinhua) — China’s economic growth is set to moderate slightly over the next two years but will exceed 8 percent, on the back of strong investment, rising private consumption and a more stable global economy, the Asian Development Bank (ABD) said Wednesday. In its annual economic report released at a press conference in Beijing, Paul J. Heytens, …
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