Archive for News
Jan 24, the thought of Chinese people
Don’t think the thought of Chinese people also changed a lot, they’re not so modern as Chinese buildings and other hardwares.
Jan 18, China Fortune Story: Chopstick Revolution
one of China fortune story, an electrical maintenance worker invented patching up and environmental protection chopstick
Jan 16, China’s foreign exchange reserve hit record high
China’s foreign exchange reserve reached 1.0663 trillion U.S. dollars at the end of 2006, announced the People’s Bank of China yesterday.
China became the world’s largest foreign currency depositor in the first half of 2006. Figures from the State Administration of Foreign Exchange show that China’s foreign exchange reserve stayed below one billion U.S. dollars before 1979.
Xin Hua
Jan 16, Economists predict 2007 as “bumpy boom” year
2007 will be a “bumpy boom” year, Standard Chartered Bank’s (SCB) economists said yesterday in their global and regional economic and interest rate outlook for 2007.
The SCB’s British economist Gerard Lyons said that the world economy is booming and the growth is strong, while China and India are opening up.
Commodity markets are buoyant, new trade corridors are emerging, with intra-Asian trade increasing and inter-regional trade rising sharply, albeit from low levels, he said.
“Globally, and on the ground in many of our market, the picture looks good,” he said in his report.
He figured that the economy emerges twin peaks in these years.
He noted that having boomed in 2006, emerging markets will slow this year because the United States slows, and will then see a pick-up in growth again in 2008.
He described the outlook of this year as a “roller coaster”. Financial markets start the year in a positive mood, which is particularly so for global equity markets, he said.
Nicholas Kwan, regional head of research of Asia, said Asia 2007 is a “bumpy boom” year.
He forecast that the growth of China will be 9.7 percent in 2007 and 8.5 percent in 2008, the growth of India will be 7.5 percent and 8.0 percent respectively.
While the United States will increase the same 2.5 percent in the two years and Europe will increase 1.9 percent in 2007 and 2.1 percent in 2008.
For Singapore, 2007 will be interesting with the external sector decoupling from the domestic sector, global researcher Joseph Tan said.
“Headline gross domestic product (GDP) growth set to moderate from 7.7 percent in 2006 to 4-6 percent range in 2007,” he said.
However, domestic sector will be different as the equity, property and labor market are in an upturn, he added.
A benign inflation outlook will keep interest rates in a tight range while the Singapore dollar stance could be shifted to neutral, he said.
Xinhua
Jan 16, Gasoline prices lowered, taxi price?
China National Development and Reform Commission (NDRC), the ministry-level body that plans the economy, announced on Saturday that it would cut the wholesale price of gasoline by 220 yuan ($28.21) per ton and the price of kerosene by 90 yuan ($11.54) per ton from Jan 15th.
The move marked the first price-cut for refined oil products sold on the Chinese mainland since May 2005. The price of oil products had gone up 12 times since 2003, including twice last year, in line with soaring global oil prices, Xinhua News Agency reported.
The government adjusts oil prices only when the international price changes by more than 8 per cent. For refiners, this can lead to major losses as they pay large export bills when international crude prices are high, but cannot raise prices of the products they produce, such as gasoline for automobiles.
Whether or not adjust taxi price is in discussion and will know within these few days.
Jan 15, China’s Red Person on Internet
China’s Red Person on Internet,with the internet popularization,there created many internet Red hot persons in China,causing biz,especially marketing people attention
Jan 8, China Investment Advice- From A Chinese local VC
Zhuo, a local Chinese VC give China Investment Advice, especially for those who want to invest in Chinese companies
Jan 5, Chinese Medicine Cancellation Campaign
someone initiated a Chinese Medicine Cancellation Campaign,It’s so pity for Chinese people
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