China - Economic Data & News 08 (Apr 12 - Feb 13)

Re: China - Economic Data & News 08 (Apr 12 - Dec 12)

Postby winston » Fri Nov 16, 2012 6:30 am

China's SOE profits shrink

Chinese SOE profits drop 8.3 pct in first 10 months

Profits at China's state-owned enterprises fell 8.3 percent year on year to 1.75 trillion yuan (HK$2.16 trillion) in the first 10 months of 2012, the Ministry of Finance said Thursday.


Source: The Standard HK
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Re: China - Economic Data & News 08 (Apr 12 - Dec 12)

Postby winston » Fri Nov 23, 2012 9:43 am

Chinese authority sets restrictions on use of public funds by senior staff of state-owned finance enterprises
Ministry of Finance has rolled out 'Rules on Work-related Consumption of Senior Staff at State-owned Finance Enterprises', pursuant to which twelve bans are imposed regarding the spending of senior staff at State-owned Finance Enterprises, including the ban of decorating offices extravagantly and claiming travel and field trip expenses that exceed the set standards.

On the other hand, state-owned finance enterprises have to raise the transparency of work-related consumption of staff, according to the Rules.


Source: AAStocks Financial News
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Re: China - Economic Data & News 08 (Apr 12 - Dec 12)

Postby behappyalways » Sun Nov 25, 2012 7:53 pm

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Re: China - Economic Data & News 08 (Apr 12 - Dec 12)

Postby winston » Tue Nov 27, 2012 4:09 am

Making enemies left, right and centre ...


Vietnam 'cancels' Chinese passports

Vietnam's passport control offices are refusing to stamp visa pages in the new Chinese passports containing a map showing islands in the South China Sea as part of Chinese territory.

To counter this, Vietnamese passport control offices are issuing separate visa sheets to new Chinese passport
holders instead of stamping inside the pages, state-run CCTV reported.

China's controversial move to print the map in the passport forced its neighbours to come out with innovative moves to counter it as it contained the disputed parts.

Diplomats say stamping visas on the passports amount to tacitly accepting China's claims over the areas.

The discreet Chinese move also riled India as the map showed Arunachal Pradesh and Aksai Chin as part of China for which the two countries are holding periodic talks to resolve the border dispute.

In a tit-for-tat move, Indian Embassy here started stamping the Chinese passports with official map of India, catching the Chinese officials by surprise.

Vietnam, along with the Philippines, also objected to Chinese maps in the passports.

Hanoi countered it with stapled visas, similar to what China had done in 2009 for residents of Jammu and Kashmir to show that it is a disputed region.

It is not yet clear whether China has taken umbrage to the stapled visas as India did.

China introduced the new e-passports, which contained an electronic chip in May this year.

Reacting to the objections from neighbouring countries to the maps, Chinese Foreign Ministry spokesperson Hua Chunying said: "The passport is not designed to target any specific country. We hope relevant countries regard it in a level-headed and rational manner so as not to bring unnecessary disruptions to normal people-to-people exchanges", she said.


Source: The Standard HK
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Re: China - Economic Data & News 08 (Apr 12 - Dec 12)

Postby winston » Tue Dec 04, 2012 4:22 pm

CN's power generation up 7.4% in Nov, implying better economy

As at November 28, power generation in China rose 7.41% year-on-year, data from State Electricity Regulatory Commission show.

Changes in demand for electricity serve as indicators of economic conditions, said Yu Yanshan, an official from the Commission, adding the growth in power generation implied a better economy.


Source: AAStocks Financial News
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Re: China - Economic Data & News 08 (Apr 12 - Mar 13)

Postby winston » Wed Dec 19, 2012 4:36 am

China's rich and skilled leave in record numbers

More than 150,000 Chinese became permanent citizens in major immigrant countries, including the United States, Canada, Australia and New Zealand last year.

Source: SCMP
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Re: China - Economic Data & News 08 (Apr 12 - Mar 13)

Postby winston » Wed Dec 19, 2012 4:59 am

China exports picture remains gloomy

China said it faces a bleak foreign trade environment next year due to ongoing global economic weakness.

Beijing set its 2012 target for total trade growth at 10 percent, but admitted recently that it was unlikely to be achieved. In the first 11 months of the year, total trade rose just 5.8 percent from the same period in 2011 to US$3.5 trillion, with exports up 7.3 percent to US$1.8 trillion, official data showed, AFP reports.

Shen Danyang, spokesman at the Ministry of Commerce, said at a regular news conference today that exporters would probably have another tough year.

“Looking into next year, the global economic situation will continue to be complicated and uncertain, world growth is expected to remain low and trade protectionism in various forms is likely to strengthen,’’ he said.

“Therefore... there is no reason for optimism about China's foreign trade environment and barriers that could keep foreign trade growth from rising steadily remain big.’’

Shen said that trade friction with major trade partners intensified this year, noting there have been 53 trade investigations against China in 2012 worth US$24.2 billion.

Last year, China came under 69 trade investigations worth US$5.9 billion, according to previous government figures.

Source: The Standard HK
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Re: China - Economic Data & News 08 (Apr 12 - Mar 13)

Postby behappyalways » Wed Dec 19, 2012 8:25 pm

薄熙来2007年底离开商务部时的欢送场面
http://www.youtube.com/watch?feature=pl ... 2JT4AmH60I
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Re: China - Economic Data & News 08 (Apr 12 - Mar 13)

Postby winston » Sat Dec 29, 2012 4:35 am

China launches rival GPS satellite system

China has launched commercial and public services across the Asia-Pacific region on its domestic satellite navigation network built to rival the US global positioning system.


Source: SCMP
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Re: China - Economic Data & News 08 (Apr 12 - Mar 13)

Postby behappyalways » Tue Jan 01, 2013 1:52 pm

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