China's glaciers in meltdown mode: study
Paris (AFP) Oct 25, 2011 - Sharp increases in temperature driven by global warming are melting China's Himalayan glaciers, an impact that threatens habitats, tourism and economic development, says a study released Tuesday. Of 111 weather stations scattered across southwestern China, 77 percent showed significant upticks in temperatures between 1961 and 2008, according to the study, published in a British peer-reviewed ... more
Michele Kearney's China Blog - Economics, Research and Technology, Energy, Nuclear, Currency, and Foreign Policy
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Tuesday, October 25, 2011
Greece, China to sign new trade memorandum: ministry
Greece, China to sign new trade memorandum: ministry
Athens (AFP) Oct 24, 2011 - Greece and China will sign a trade memorandum on Monday during a visit by senior Chinese officials and conclude orders worth around 550 million euros ($766 million), the development ministry said. The head of China's national consultative assembly, Jia Qinglin, is on a five-day business trip to Greece, accompanied by deputy trade minister Zhong Shan and a large business delegation. Four ... more
Athens (AFP) Oct 24, 2011 - Greece and China will sign a trade memorandum on Monday during a visit by senior Chinese officials and conclude orders worth around 550 million euros ($766 million), the development ministry said. The head of China's national consultative assembly, Jia Qinglin, is on a five-day business trip to Greece, accompanied by deputy trade minister Zhong Shan and a large business delegation. Four ... more
Sunday, October 23, 2011
Glaciers in China shrinking with warming
Glaciers in China shrinking with warming
Beijing (UPI) Oct 21, 2011 -
Global warming is causing glaciers in southwest China, the major source of the country's largest rivers, to melt faster than ever, researchers said. Experts have been monitoring glaciers in China's Qinghai province that feed the Yangtze, Yellow and Lancang rivers since 2005, China's state-run news agency Xinhua reported Friday. Researchers said a large area of the glaciers has me ... more
Beijing (UPI) Oct 21, 2011 - Global warming is causing glaciers in southwest China, the major source of the country's largest rivers, to melt faster than ever, researchers said. Experts have been monitoring glaciers in China's Qinghai province that feed the Yangtze, Yellow and Lancang rivers since 2005, China's state-run news agency Xinhua reported Friday. Researchers said a large area of the glaciers has me ... more
Top China official visits N.Korea amid talk hopes
Top China official visits N.Korea amid talk hopes
Shanghai (AFP) Oct 23, 2011 - The man widely expected to be China's next premier arrived in North Korea Sunday, amid hopes for progress on restarting six-nation talks on the North's nuclear disarmament, state media said. Li Keqiang, China's vice premier, visited the capital Pyongyang the day before the United States and North Korea are due to meet in Geneva for their second round of direct discussions aimed at reviving t ... more
Shanghai (AFP) Oct 23, 2011 - The man widely expected to be China's next premier arrived in North Korea Sunday, amid hopes for progress on restarting six-nation talks on the North's nuclear disarmament, state media said. Li Keqiang, China's vice premier, visited the capital Pyongyang the day before the United States and North Korea are due to meet in Geneva for their second round of direct discussions aimed at reviving t ... more
Panetta praises China response to Taiwan arms sale
Panetta praises China response to Taiwan arms sale
Nusa Dua, Indonesia (AFP) Oct 23, 2011 - US Defence Secretary Leon Panetta on Sunday praised China for what he said was a restrained response to an arms sale to Taiwan, saying he hoped for improved military cooperation with Beijing. "I guess I would commend them for the way that they've handled the news of that sale to Taiwan," Panetta told reporters in Indonesia, on the first stop of an Asian tour. "I think we'd given the Chin ... more
Nusa Dua, Indonesia (AFP) Oct 23, 2011 - US Defence Secretary Leon Panetta on Sunday praised China for what he said was a restrained response to an arms sale to Taiwan, saying he hoped for improved military cooperation with Beijing. "I guess I would commend them for the way that they've handled the news of that sale to Taiwan," Panetta told reporters in Indonesia, on the first stop of an Asian tour. "I think we'd given the Chin ... more
Unsettling signals
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Buffett-Backed Carmaker Comes Late With Fewer Jobs Than Promised
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| Buffett-Backed Carmaker Comes Late With Fewer Jobs Than Promised BusinessWeek Initial goals for the Shenzhen, China-based company's California arrival haven't been met either in BYD jobs or indirect business created. The delays reflect a combination of construction obstacles and an electric-car market that hasn't developed as ... |
Sanders: Boom: Welcome to shale gas revolution
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Why is the oil price still so high?
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China trade petition divides solar industry
| China trade petition divides solar industry The Hill (blog) The rift within the industry – which has pitted a group of seven solar panel manufacturers against major solar developers and power generators – underscores the complexity of the United States' trade relationship with China on renewable energy. ... |
Toyota to Share Technology in China Wall Street Journal But now, with rivals including General Motors Co. committing to producing electric and hybrid cars in China—in part to showcase a willingness to share "new energy" technology—Toyota also has decided to produce the current-generation Prius in China, ...
| Toyota to Share Technology in China Wall Street Journal But now, with rivals including General Motors Co. committing to producing electric and hybrid cars in China—in part to showcase a willingness to share "new energy" technology—Toyota also has decided to produce the current-generation Prius in China, ... |
China to issue regional energy quotas soon: report
China to issue regional energy quotas soon: report
Reuters
BEIJING (Reuters) - China will set regional energy consumption quotas in the near future to cap demand by the world's top energy user, the Xinhua news agency reported on Sunday, citing an official with the National Energy Administration (NEA). ...
Reuters
BEIJING (Reuters) - China will set regional energy consumption quotas in the near future to cap demand by the world's top energy user, the Xinhua news agency reported on Sunday, citing an official with the National Energy Administration (NEA). ...
Saturday, October 22, 2011
Hu calls for Taiwan reunification - Bangkok Post
Hu calls for Taiwan reunification - Bangkok Post
BEIJING: China's President Hu Jintao on Sunday called for Taiwan and the Chinese mainland to reunite, as he marked the 100th anniversary of the revolution that ended the nation's long imperial history. Speaking at a ceremony attended by top Communist Party ...
Non-Communist parties urged to boost soft power building - China Daily
Non-Communist parties urged to boost soft power building - China Daily
BEIJING - Hu Jintao, chief of the Communist Party of China (CPC), has expressed hope that non-Communist parties and people of influence contribute more to the country's cultural development and soft power building. Hu, general secretary of the CPC Central ...
Eyeing oil, China's Hu promises strong ties with South Sudan - msnbc.com
Eyeing oil, China's Hu promises strong ties with South Sudan - msnbc.com
BEIJING — Chinese President Hu Jintao congratulated South Sudan on its independence, promising strong ties between the two countries as China seeks to retain its access to Sudanese oil supplies. China is a major buyer of Sudanese crude oil ...
Hu stresses quality in weaponry production - China Daily
Hu stresses quality in weaponry production - China Daily
BEIJING - President Hu Jintao has urged the country's military industry to improve its quality and efficiency in weaponry research and production so as to promote the modernization of national defense and the army. Hu made the remarks in a congratulatory ...
China warns of winter power shortage
China warns of winter power shortage
Beijing (AFP) Oct 21, 2011
China has warned that the country faces another power shortage this winter as coal prices soar and a severe drought hits hydropower plants. The shortfall could reach 26 million kilowatts in the coming months, with southern and central areas hardest hit due to the lack of coal and water in those regions, the State Electricity Regulatory Commission said Thursday.
China's Wen says reform key to solving EU crisis
China's Wen says reform key to solving EU crisis
Beijing (AFP) Oct 21, 2011
China's Premier Wen Jiabao told the European Union president Friday that financial reforms were key to solving the eurozone debt crisis threatening the world economy. Wen said China, the world's second-largest economy, supported EU efforts to solve the crisis after leaders of the 17-nation bloc called a second summit for next week amid persisting disagreements over how to tackle it.
Friday, October 21, 2011
China May Lower 2020 Nuclear Target by 10%,
| China May Lower 2020 Nuclear Target by 10%, Association Says BusinessWeek By Guo Aibing Oct. 21 (Bloomberg) -- China, the world's biggest energy user, may cut its 2020 nuclear power capacity goal by about 10 percent under a revised development plan to be announced this year, said a group tasked to help implement atomic ... |
'Where China Meets India'
'Where China Meets India'
By THANT MYINT-U
Reviewed by JAMES FALLOWS
Thant Myint-U explains why Myanmar is destined to play an increasingly crucial role in the world.
'Deng Xiaoping and the Transformation of China'
'Deng Xiaoping and the Transformation of China'
By EZRA F. VOGEL
Reviewed by JONATHAN MIRSKY
A look at the career of Deng Xiaoping, who changed China's course.
Over the Horizon: Leveraging Declining Russia-China Arms Ties
Over the Horizon: Leveraging Declining Russia-China Arms Ties
By: Robert Farley | ColumnA new report has shed light on one of most important developments in the international arms trade market of the past 10 years: the decline in Russian arms sales to China. While diplomatic relations between the two powers remain relatively strong, their trade in arms has collapsed since the middle of the last decade. The deterioration of the two countries' arms relationship is anything but a local concern.
India PM concedes 'problems' in China relations
India PM concedes 'problems' in China relations
New Delhi (AFP) Oct 20, 2011 - Indian Prime Minister Manmohan Singh has conceded that there are "problems" with New Delhi's ties with China but overall he believes "relations are quite good." "We have problems, the border problem is a long-standing problem," Singh told reporters accompanying him home on Wednesday night from a summit of Brazil, India and South Africa in Pretoria. Despite a brief but bloody border war i ... more
New Delhi (AFP) Oct 20, 2011 - Indian Prime Minister Manmohan Singh has conceded that there are "problems" with New Delhi's ties with China but overall he believes "relations are quite good." "We have problems, the border problem is a long-standing problem," Singh told reporters accompanying him home on Wednesday night from a summit of Brazil, India and South Africa in Pretoria. Despite a brief but bloody border war i ... more
Note from the Editor
To All
I have been away on a medical emergency leave of absence and am hoping
to resume coverage over the next week or two. I will occasionally post the
more pressing news and commentary as my health permits, but am looking
forward to a recovery back to full time soon.
To all - take care of yourselves and protect your health.
I have been away on a medical emergency leave of absence and am hoping
to resume coverage over the next week or two. I will occasionally post the
more pressing news and commentary as my health permits, but am looking
forward to a recovery back to full time soon.
To all - take care of yourselves and protect your health.
Tuesday, October 18, 2011
China's economy grows 9.1% in third quarter
China's economy grows 9.1% in third quarter China’s gross domestic product expanded 9.1 per cent in the third quarter from a year earlier, the slowest pace in more than two years for the world’s second largest economy, which expanded 9.5 per cent in the second quarter.
But the slowdown in growth, announced on Tuesday by China’s National Bureau of Statistics, is likely to add to the consensus among most economists that the country is on track for a “soft landing” of moderating growth and cooling inflation.
http://link.ft.com/r/OZMCDD/
But the slowdown in growth, announced on Tuesday by China’s National Bureau of Statistics, is likely to add to the consensus among most economists that the country is on track for a “soft landing” of moderating growth and cooling inflation.
http://link.ft.com/r/OZMCDD/
# # China's Economic Growth Slows By: AARON BACK | The Wall Street Journal
China's Economic Growth Slows
By: AARON BACK | The Wall Street Journal
By: AARON BACK | The Wall Street Journal
* China's Political System Is More Flexible Than U.S. Democracy By: Eric X. Li | The Christian Science Monitor
- China's Political System Is More Flexible Than U.S. Democracy
By: Eric X. Li | The Christian Science Monitor
Monday, October 17, 2011
China to improve ocean disaster safeguards
| China to improve ocean disaster safeguards People's Daily Online He also added that the ocean is now experience the great influence of increasingly serious climate change. A warming climate can generate various negative phenomena such as worldwide ocean acidification, sea level rise, marine ecosystem retrogradation ... |
Sunday, October 16, 2011
The China Big Picture
The China Big Picture
A few months ago, I wrote about the Indian ‘truck’ and the Chinese ‘Ferrari,’ and argued that the media in and outside India wastes too much time focusing on India-China rivalry. Indeed, many in the Indian establishment, including Indian Prime Minister Manmohan Singh, have openly rubbished the idea that India and China are inevitably going to be rivals. But while senior Indian policymakers have noted that the world is big enough for both countries, the question remains whether China’s leadership sees things the same way. The recent spat between the two countries over India’s exploring energy reserves with Vietnam in the South China Sea certainly raises some doubts. Even if it’s the Chinese media that has hyped the differences between India and China, it would still have been useful for someone from the Chinese establishment to go on record to defuse tensions. Doing so is ever more important bearing in mind the ... Read More...China’s Wind Power Boom?
China’s Wind Power Boom?
China is seeking to challenge General Electric and other Western firms in the wind turbine market, a move backed by more than $15 billion in government support. Already the country with the highest wind power installed capacity, Chinese windmill makers such as Sinovel Wind Group and Xinjiang Goldwind Science & Technology are planning to set up plants overseas, including in the United States, Bloomberg notes today. ‘China has become the single largest driver for global wind power development. In 2010, every second wind turbine that was added anywhere in the world was installed in China,’ according to Steve Sawyer, secretary general of the Global Wind Energy Council. According to the Council, China’s wind turbines market ‘doubled every year between 2005 and 2009 in terms of total installed capacity, and it has been the world’s largest annual market since 2009.’ Last year, China added 18.9 GW of new wind energy capacity, meaning its total ... Read More...Russia/China: energy cooperation is the biggest challenge
Russia/China: energy cooperation is the biggest challenge
During Prime Minister Vladimir Putin’s visit to China on 11-12 October, a memorandum was signed on cooperation in the field of economic modernisation, as was an agreement to establish a Russian-Chinese investment fund with capital of US$3-4 billion, whose activities will primarily (up to 70%) focus on investments in Russia and the CIS.
The long-term challenge for Russia in its relations with China is the unfavourable structure of trade between the two countries while the principles of their energy cooperation are a central immediate problem. The countries have been unable to conclude several years of negotiations on constructing a pipeline and a long-term contract on gas supplies to China because of a dispute over gas prices. As for petroleum, since January 2011 the Chinese company (CNPC) has been paying a smaller amount than provided for in the 20-year contract. The issue under dispute is the cost of transporting crude through Russian territory via the ESPO pipeline, which according to the Chinese has been overestimated. According to the Russians, consensus was reached during the visit on how to resolve the dispute. The Russian electricity producer Inter RAO has been attempting to conclude an agreement with the Chinese about electricity exports since 2008, but prices are also still a contentious issue.
During Prime Minister Vladimir Putin’s visit to China on 11-12 October, a memorandum was signed on cooperation in the field of economic modernisation, as was an agreement to establish a Russian-Chinese investment fund with capital of US$3-4 billion, whose activities will primarily (up to 70%) focus on investments in Russia and the CIS.
The long-term challenge for Russia in its relations with China is the unfavourable structure of trade between the two countries while the principles of their energy cooperation are a central immediate problem. The countries have been unable to conclude several years of negotiations on constructing a pipeline and a long-term contract on gas supplies to China because of a dispute over gas prices. As for petroleum, since January 2011 the Chinese company (CNPC) has been paying a smaller amount than provided for in the 20-year contract. The issue under dispute is the cost of transporting crude through Russian territory via the ESPO pipeline, which according to the Chinese has been overestimated. According to the Russians, consensus was reached during the visit on how to resolve the dispute. The Russian electricity producer Inter RAO has been attempting to conclude an agreement with the Chinese about electricity exports since 2008, but prices are also still a contentious issue.
The Quest: Energy, Security and the Remaking of the Modern World by Daniel Yergin – review An enjoyable assessment of our energy needs from an industry insider
The Quest: Energy, Security and the Remaking of the Modern World by Daniel Yergin – review
An enjoyable assessment of our energy needs from an industry insider
Turkmenistan At Forefront Of Global Energy Security Needs – Analysis Written by: Eurasia Review
Turkmenistan At Forefront Of Global Energy Security Needs – Analysis
Written by: Eurasia ReviewChina is Not a Problem, But a Help (When It Comes to Our Solar Power Goals)
China is Not a Problem, But a Help (When It Comes to Our Solar Power Goals)
India from Inside China from The Diplomat by Mukul Sanwal
India from Inside China
Chinese Premier Wen Jiabao and his Indian counterpart Manmohan Singh agreed to establish a regular bilateral strategic economic dialogue mechanism during Wen's visit to India last December, and the first one day meeting of the China-India Strategic Economic Dialogue was held in Beijing late last month. While the event was generally only reported in the Indian press based on quotes from the official Chinese news agency Xinhua, it was primetime news on China’s state-run TV channel, with Wen saying the dialogue had achieved ‘positive results.’ Wen said: ‘We discussed our economic situations, macroeconomic policies, and policies and cooperation in areas such as investment, infrastructure construction, high technology, energy conservation and environmental protection.’ He also expressed the hope that ‘the two countries will continue to make efforts to give the dialogue a greater role in promoting mutual trust, bilateral relations and cooperation, and to expand our strategic partnership of cooperation.’ Wen said that China ... Read More...Saturday, October 15, 2011
China's nuclear energy program continues in spite of Fukushima
Chinas nuclear program continues and even the completion of nuclear
plants already under construction will
increase China's nuclear power to about 45GWe.
http://nextbigfuture.com/2011/
plants already under construction will
increase China's nuclear power to about 45GWe.
http://nextbigfuture.com/2011/
Panda Mugging Can the 2012 candidates China-bash their way to victory?
Panda Mugging
Can the 2012 candidates China-bash their way to victory?
Friday, October 14, 2011
“Strong Indignation,” but Limited Retribution: China’s Response to U.S. Arms Sales to Taiwan
“Strong Indignation,” but Limited Retribution: China’s Response to U.S. Arms Sales to Taiwan
Tiangong-1 Launch Makes China’s Space Station Plans a Reality
Tiangong-1 Launch Makes China’s Space Station Plans a Reality
Beijing Battles Brewing Crisis in Financial Sector
Beijing Battles Brewing Crisis in Financial Sector
Sinopec Group seeks more overseas acquisitions: Chairman
Sinopec Group seeks more overseas acquisitions: Chairman
The Blame China Game by Nino Marchetti, October 14th, 2011
The Blame China Game
by Nino Marchetti, October 14th, 2011
China Targets GE Wind Turbines With $15.5 Billion War Chest
China Targets GE Wind Turbines With $15.5 Billion War Chest
Steve Schwarzman Explains How The Stability Of The Future Is Riding On The U.S. And China
Steve Schwarzman Explains How The Stability Of The Future Is Riding On The U.S. And China
Book Review: Building Detroit's Best in China
Book Review: Building Detroit's Best in China
• (http://twitter.com/share) American Wheels, Chinese Roads: the Story of General Motors in China. By Michael J. Dunne. John Wiley, Sons, Singapore. Hard cover, 227 pp with index, available through Amazon, US$18.14.
How About 'Occupy Hong Kong?'
How About 'Occupy Hong Kong?'
• (http://twitter.com/share) Resentment of the property oligarchs and the government means it’s not out of the question
Crude down in Asia on China demand fears
Crude down in Asia on China demand fears
Singapore (AFP) Oct 14, 2011
Oil prices fell on demand fears in Asia Friday after a weak batch of trade data from China, the world's biggest energy user, analysts said. New York's main contract, light sweet crude for delivery in November, fell 11 cents to $84.12 per barrel and Brent North Sea crude for December delivery dipped a cent to $111.10. "Crude oil imports into China, one of the largest engines of demand gro
Oil prices fell on demand fears in Asia Friday after a weak batch of trade data from China, the world's biggest energy user, analysts said. New York's main contract, light sweet crude for delivery in November, fell 11 cents to $84.12 per barrel and Brent North Sea crude for December delivery dipped a cent to $111.10. "Crude oil imports into China, one of the largest engines of demand groTaiwan's Uni-President to invest $1.88 bn in China
Taiwan's Uni-President to invest $1.88 bn in China
Taipei (AFP) Oct 14, 2011
Uni-President Enterprises Corp, Taiwan's leading food company, said Friday it plans to invest $1.88 billion in China to build 17 new plants by 2013. Uni-President, which currently runs 14 factories in China, said the new facilities will produce more instant noodles and beverages to meet rising demand, a company official said. Uni-President is the third biggest food and drinks provider in
Uni-President Enterprises Corp, Taiwan's leading food company, said Friday it plans to invest $1.88 billion in China to build 17 new plants by 2013. Uni-President, which currently runs 14 factories in China, said the new facilities will produce more instant noodles and beverages to meet rising demand, a company official said. Uni-President is the third biggest food and drinks provider inChina's Feed-in Tariff Policy Stimulates 14 GW PV Pipeline
China's Feed-in Tariff Policy Stimulates 14 GW PV Pipeline
Beijing, China (SPX) Oct 14, 2011
The release of a national photovoltaic (PV) Feed-in Tariff (FiT) policy in July has resulted in a significant increase in PV project development activity in China, according to the first edition of the Solarbuzz China Deal Tracker. As of the end of September, the non-residential PV project pipeline in China stands at 14 GW. Solarbuzz has identified 1,007 non-residential projects in China t
The release of a national photovoltaic (PV) Feed-in Tariff (FiT) policy in July has resulted in a significant increase in PV project development activity in China, according to the first edition of the Solarbuzz China Deal Tracker. As of the end of September, the non-residential PV project pipeline in China stands at 14 GW. Solarbuzz has identified 1,007 non-residential projects in China t# # Bridging the Security-Development Divide in Southeast Asia By: Johan Bergenas and Brian Finlay | World Politics Review
Bridging the Security-Development Divide in Southeast Asia
By: Johan Bergenas and Brian Finlay | World Politics Review
By: Johan Bergenas and Brian Finlay | World Politics Review
China Must Respect the Free-Trade System By: Mitt Romney | The Washington Post
China Must Respect the Free-Trade System
By: Mitt Romney | The Washington Post
By: Mitt Romney | The Washington Post
Thursday, October 13, 2011
William Pfaff on China's Military Power
William Pfaff on China's Military Power
"China Fears Are Misplaced" -- The preoccupation of American think tanks and policymakers with China's growing military and economic power is unrealistic.
http://www.truthdig.com/
"China Fears Are Misplaced" -- The preoccupation of American think tanks and policymakers with China's growing military and economic power is unrealistic.
http://www.truthdig.com/
Some People In China Are Absolutely LOVING Occupy Wall Street
Some People In China Are Absolutely LOVING Occupy Wall Street
China Warns US of Trade War
China Warns US of Trade War
China has warned that the bill over its alleged currency manipulation, which has just passed the US Senate, risks triggering a trade war between the two nations. ‘Should the proposed legislation be made into law, the result would be a trade war and that would be a lose-lose situation for both sides,’ said Vice Foreign Minister Cui Tiankai of a bill that supporters say would force China to revalue the Yuan and so help bring jobs back to the United States. ‘It would be detrimental to the development of economic ties and might have an adverse impact on bilateral relations.’ The Senate voted 63-35 to introduce new duties on imports from countries whose currencies are considered by the US to be undervalued. However, the bill has clearly been drafted very much with the Yuan in mind, which analysts believe could be as much as 30 percent undervalued, thus making Chinese goods cheaper ... Read More...Israel Electric Corp. to Build $1.3 Billion Chinese Solar Project
Israel Electric Corp. to Build $1.3 Billion Chinese Solar Project
Israel Electric Corp. has signed contracts to build a $1.3 billion 240 megawatt solar energy project in China.
The facility, to be situated in northern China, will consist of three photovoltaic solar energy arrays. Israel Electric Corp. will not invest equity in the project.
The solar array represents Israel Electric Corp.’s first foray into solar renewable energy and is awaiting the Israeli Government Companies Authority’s approval. The project is Israel Electric Corp.’s largest foreign undertaking.
The Israel Electric Corp. will build the facility in conjunction with its joint venture partner, a Chinese businessman, with the 240-megawatt PV solar arrays being constructed on the
Read more...
The facility, to be situated in northern China, will consist of three photovoltaic solar energy arrays. Israel Electric Corp. will not invest equity in the project.
The solar array represents Israel Electric Corp.’s first foray into solar renewable energy and is awaiting the Israeli Government Companies Authority’s approval. The project is Israel Electric Corp.’s largest foreign undertaking.
The Israel Electric Corp. will build the facility in conjunction with its joint venture partner, a Chinese businessman, with the 240-megawatt PV solar arrays being constructed on the
Read more...
China invests billions to avert water crisis
China invests billions to avert water crisis
Beijing (AFP) Oct 12, 2011 -
China is to invest up to 4 trillion yuan ($600 billion) over the next decade to overcome a huge water shortage that threatens the country's economic growth, a senior official said on Wednesday. The vice minister of water resources said China's unbridled economic growth had left up to 40 percent of its rivers badly polluted and the country faced "huge pressures" on supplies of water. "Ind ... more
Beijing (AFP) Oct 12, 2011 - China is to invest up to 4 trillion yuan ($600 billion) over the next decade to overcome a huge water shortage that threatens the country's economic growth, a senior official said on Wednesday. The vice minister of water resources said China's unbridled economic growth had left up to 40 percent of its rivers badly polluted and the country faced "huge pressures" on supplies of water. "Ind ... more
Chinese trade growth slows significantly
Chinese trade growth slows significantly Growth in Chinese trade slowed significantly last month as the world’s second-largest economy began to feel the effects of the economic turmoil hitting its most important trading partners in Europe and the US.
Overall Chinese exports increased 17.1 per cent in September from a year earlier, down from a 24.5 per cent increase in August and well below most forecasts, according to data released by Chinese customs on Thursday.
Imports also decelerated, rising 20.9 per cent from a year earlier, compared with August’s 30.2 per cent rise.
http://link.ft.com/r/6NPSBB/
Overall Chinese exports increased 17.1 per cent in September from a year earlier, down from a 24.5 per cent increase in August and well below most forecasts, according to data released by Chinese customs on Thursday.
Imports also decelerated, rising 20.9 per cent from a year earlier, compared with August’s 30.2 per cent rise.
http://link.ft.com/r/6NPSBB/
Why Americans should learn to love the renminbi By David Pilling
Why Americans should learn to love the renminbi
Wednesday, October 12, 2011
China and Vietnam Move to Reduce Tensions in South China Sea -- New York Times
China and Vietnam Move to Reduce Tensions in South China Sea -- New York Times
HONG KONG — China and Vietnam announced an agreement Wednesday on a series of steps to reduce tensions in the South China Sea, where rival claims to islands and undersea minerals have been a source of frequent friction.
The two sides agreed to hold discussions twice a year to resolve their differences, and to set up a hot line between the two countries to address any disagreements more promptly.
Read more ....
More News On China and Vietnam Moving To Reduce Tensions In South China Sea
A Step Back From the Brink in the South China Sea -- Time
China and Vietnam sign agreement to cool sea dispute -- Reuters
China, Vietnam sign deal to try to resolve dispute over South China Sea -- Washington Post
China and Vietnam sign deal on South China Sea dispute -- BBC
China-Vietnam agreement to guide settlement of maritime issues: spokesman -- Xinhuanet
Chinese premier calls for stronger trade, economic links with Vietnam -- Xinhuanet
China, Vietnam agree to settle sea row peacefully -- AFP
Chinese reveal size of copper inventory
Chinese reveal size of copper inventory Chinese copper inventories stood at 1.9m tonnes at the end of 2010, more than the US consumes in a year. The estimate is significantly higher than the 1.0m-1.5m tonnes range foreign executives had assumed and may indicate lower demand than thought.
http://link.ft.com/r/G8OTZZ/
http://link.ft.com/r/G8OTZZ/
Hu calls for Taiwan unity talks - Morning Star
Hu calls for Taiwan unity talks - Morning Star
Chinese President Hu Jintao appealed to Taiwan's rulers today to work with Beijing to achieve peaceful reunification and "rejuvenate the Chinese nation" in a keynote speech to mark the 100-year anniversary of the 1911 revolution that ended imperial rule in China.
Is China's Economy Headed for Trouble? By: Yiping Huang | The Wall Street Journal
Is China's Economy Headed for Trouble?
By: Yiping Huang | The Wall Street Journal
By: Yiping Huang | The Wall Street Journal
China to lead in new nuclear reactors?
China to lead in new nuclear reactors?
Beijing (UPI) Oct 11, 2011 - While most of the world takes a step back from nuclear power in the wake of the disaster in northern Japan, China is continuing on a path of nuclear power expansion. An earthquake and tsunami last spring wrecked a nuclear power plant at Fukushima, causing an environmental problem that is far from over. That caused many countries - notably Germany - to stop nuclear power plant c ... more
Beijing (UPI) Oct 11, 2011 - While most of the world takes a step back from nuclear power in the wake of the disaster in northern Japan, China is continuing on a path of nuclear power expansion. An earthquake and tsunami last spring wrecked a nuclear power plant at Fukushima, causing an environmental problem that is far from over. That caused many countries - notably Germany - to stop nuclear power plant c ... more
Confronting the China-U.S. Economic Imbalance
Confronting the China-U.S. Economic Imbalance
| Author: | Roya Wolverson |
|---|
http://www.cfr.org/china/confronting-china-us-economic-imbalance/p20758?cid=nlc-dailybrief-daily_news_brief-link10-20111012
Currency Wars, Then and Now
Currency Wars, Then and NowHow Policymakers Can Avoid the Perils of the 1930s
http://www.foreignaffairs.com/articles/67472/liaquat-ahamed/currency-wars-then-and-now?cid=nlc-dailybrief-daily_news_brief-link9-20111012
http://www.foreignaffairs.com/articles/67472/liaquat-ahamed/currency-wars-then-and-now?cid=nlc-dailybrief-daily_news_brief-link9-20111012
Is a Rising Yuan Inevitable?
Is a Rising Yuan Inevitable?
By Zarathustra, the founder of Hong Kong blog Also sprach Analyst. He was educated at the London School of Economics and the Chinese University of Hong Kong and was once a Hong Kong-based equity research analyst focusing on Hong Kong real estate (which he did not really like), with a secondary coverage on China real estate sector (which he actually hated). Cross posted from MacroBusinessClinton’s Sweet & Sour China Soup
Clinton’s Sweet & Sour China Soup
US Secretary of State Hillary Clinton spelled out Washington’s policy toward Asia in an essay in Foreign Policy released earlier today. Although the elaboration of this policy seems belated with the Obama administration approaching the end of its third year in office, Clinton spared no pains in describing and clarifying the various components of the United States’ Asia policy. Among the most avid readers of Clinton’s essay will be senior foreign policy makers in Beijing. The official response to the Clinton statement will most likely be muted. On the surface, at least, she didn’t announce new initiatives or policy changes. The apparent reason for Clinton issuing this document now is to reassure regional allies of the continuing US commitment to the region in spite of its domestic difficulties and rising isolationist sentiments, and to send a strong signal to China that Washington will maintain its current policy of deepening engagement with ... Read More...China Facing Subprime Crisis? -- Mu Chunshan, The Diplomat
China Facing Subprime Crisis? -- Mu Chunshan, The Diplomat
What Putin wants from China -- Fred Weir, Christian Science Monitor
What Putin wants from China -- Fred Weir, Christian Science Monitor
Tuesday, October 11, 2011
South China Sea Is No Black Sea
South China Sea Is No Black Sea
A couple of months back, writing in Foreign Policy, my colleague Prof. Lyle Goldstein likened the South China Sea today to the 2008 Russo-Georgian war. In a nutshell, he maintains that the United States unwisely staked its prestige on a weak, remote, strategically third-rate ally adjoining a far stronger nation that coveted its territory and its political subservience. The Bush administration had ‘showered’ Tbilisi with ‘high-level attention and military advisors,’ only to utter barely a ‘whimper’ when Moscow ordered armoured forces to crush the Georgian military and occupy much of the country. The United States’ credibility took a beating when it couldn’t reverse the outcome. Siding with a vastly outclassed Georgia was a clear loser as far as foreign policy ventures go. Lyle paints a doleful picture. If US leaders heed his advice, they should shed most commitments in Southeast Asia, which he portrays as a region of trivial importance situated adjacent ... Read More...Xerion forecasts China Muddling through
Xerion forecasts China Muddling through
Business week - China’s model is unbalanced and its economy has misallocated capital, but its policy makers are using the country’s plentiful reserves and policy tools to keep inflation under control and growth on a sustainable path.Energy Resources China to lead in new nuclear reactors?
Energy Resources
China to lead in new nuclear reactors?
Special Report: Energy Awash in Oil, Canada Looks Toward China
Special Report: Energy
Awash in Oil, Canada Looks Toward China
Putin Calls on China
Putin Calls on China
Vladimir Putin’s official visit to Beijing, which began today, may be a pretty contentious one behind closed doors. As they discuss a long-awaited energy deal, which has been stalled over pricing for more ten years and is being negotiated concurrently with the visit, soon-to-be (again) President Putin and outgoing Chinese President Hu Jintao will have the two countries‘ growing competition for high-tech weapons and influence in Central Asia on their minds – as illustrated last by Russia’s accusations that a Chinese spy had attempted to buy plans for its S-300 missile system, and Putin’s announcement of plans to form a Central Asian version of the European Union. The trip is Putin’s first out of Russia since announcing his arrangements to return to the presidency, and, with Russian and Chinese official media busy lauding ‘ever-deepening China-Russia cooperation that is sure to help build a more balanced world,’ it’s unclear why Russia brought ... Read More...Growing U.S. Role in South China Sea
Growing U.S. Role in South China Sea
With China and Southeast Asian states disputing claims to the energy-rich South China Sea, the United States is likely to bolster its presence in the area, writes CFR's Joshua Kurlantzick.Monday, October 10, 2011
China Marches on With Nuclear Energy, in Spite of Fukushima
China Marches on With Nuclear Energy, in Spite of Fukushima
Questions abound about whether China will be a savior for the international nuclear power industry or a ferocious competitor.
Beijing intervenes to help stabilise banks
China Facing Subprime Crisis?
China Facing Subprime Crisis?
Most Westerners probably haven’t heard of Zhejiang, much less know where to find it on a map. But it’s likely that the clothes that you wear, the toys your children play with and your partner’s sunglasses are all made in this province located on China’s southeast coast. But the economic success that has attracted investors here risks turning sour. Dozens of businessmen unable to pay off loans have fled the area and are now missing. The Chinese media, meanwhile, is speculating over whether a situation similar to the subprime mortgage crisis in the United States might be emerging. The most dynamic city in this province is the city of Wenzhou. And, although it’s far smaller than the capital – and about 1,500 kilometres away – property prices there are similar to Beijing. The reason is simple – many private business owners have invested large sums of money into property here, which has ... Read More...China National Offshore Oil Corp. Likely to Miss 2011 Targets
China National Offshore Oil Corp. Likely to Miss 2011 Targets
A Sanford C. Bernstein and Co. report has stated that China National Offshore Oil Corp., China’s top offshore oil producer, is likely to miss 2011 output targets.Russia, China to ink 20 deals worth $7 bn: official
Russia, China to ink 20 deals worth $7 bn: official
China’s Stocks Drop to Two-Year Low After Banks, Property Developers Slump
China’s Stocks Drop to Two-Year Low After Banks, Property Developers Slump
Chinese exporters hurting as EU crisis deepens
Chinese exporters hurting as EU crisis deepens
Beijing (AFP) Oct 9, 2011 - Wu Wenlong, a belt maker in China, has seen European orders slump 50 percent as the region's debt crisis hits demand for Chinese exports and threatens to tip major economies back into recession. While Zhejiang L.F. Gifts and Decoration Co. Ltd. has not yet laid off workers at its small factory in the eastern province of Zhejiang, Wu said the outlook for the belt market was bleak. "It loo ... more
Beijing (AFP) Oct 9, 2011 - Wu Wenlong, a belt maker in China, has seen European orders slump 50 percent as the region's debt crisis hits demand for Chinese exports and threatens to tip major economies back into recession. While Zhejiang L.F. Gifts and Decoration Co. Ltd. has not yet laid off workers at its small factory in the eastern province of Zhejiang, Wu said the outlook for the belt market was bleak. "It loo ... more
Global crisis could roil Lat-Am export markets
Global crisis could roil Lat-Am export markets
Buenos Aires (AFP) Oct 9, 2011 - The global economic crisis is worrying officials in Latin America, who fear the effects of a decline in demand for the region's raw materials, particularly from China, analysts said. As the biggest customer for Latin America's raw materials and commodities, China spends billions of dollars per year as the biggest customer for unprocessed goods, from copper to gold to soybeans. But China ... more
Buenos Aires (AFP) Oct 9, 2011 - The global economic crisis is worrying officials in Latin America, who fear the effects of a decline in demand for the region's raw materials, particularly from China, analysts said. As the biggest customer for Latin America's raw materials and commodities, China spends billions of dollars per year as the biggest customer for unprocessed goods, from copper to gold to soybeans. But China ... more
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