Wednesday, July 10, 2013

Dismal China trade data points to weaker second quarter GDP growth

  • Beijing News.Net - Tuesday 9th July, 2013

    A new study of China has revealed that high level of air pollution, in the form of particulates produced by burning coal, significantly shortens the lives of people exposed to it. According to the report co-authored by an MIT economist, 500 million Chinese who live north of the Huai River are set to lose an aggregate 2.5 billion years of life expectancy due to the extensive use of coal to power ...

  • China June trade falls in new sign economy fading

    San Diego Union-Tribune - Wednesday 10th July, 2013

    In this photo taken Monday July 8, 2013, containers are piled at a port in Qingdao in eastern China's Shandong province. China reported Wednesday, July 10, 2013 that imports and exports both fell abruptly in June. The statistics are a new sign of weakness in the world's second-largest economy. (AP Photo) CHINA ...

  • China-US dialogue to transcend talks of cyber security

    Global Times - Wednesday 10th July, 2013

    As dozens of senior officials from China and the United States are converging in Washington for a high-level forum between the world's two biggest economies, much of the US media attention was drawn to the topic of cyber security.On its own merit, the issue deserves a good discussion between the two sides, both major players of the Internet domain, and a newly-formed bilateral working group ...

  • China speeds up cultivation of future military engineers

    Global Times - Wednesday 10th July, 2013

    China's education and military authorities have jointly launched a program to step up the cultivation of future military engineers from selected university students, an official statement said ...

  • Dutch firm to set up China Fund to boost biotech sector

    China Daily - Wednesday 10th July, 2013

    venture capital firm, announced on Tuesday that it will establish a China Fund, which will raise money in China and to be used to assist the development of ...

  • US-China SED needs more substance

    China.org.cn - Wednesday 10th July, 2013

    U.S.-China Strategic and Economic Dialogue (S&ED) approaches, the sentiments in the China-watching community about this high-level forum are decidedly mixed. The good news is that this meeting, convened shortly ...

  • Probes raise worry of China retaliation

    Asia News Network - Wednesday 10th July, 2013

    Is it a mere coincidence or is China targeting foreign companies to exact revenge or gain market dominance for its local firms? Such concerns arose last week when China's watchdogs fired off three separate anti-monopoly investigations in various industries that involved several high-profile foreign firms. The latest was Tetra Pak, the world's largest packaging company, which last ...

  • Coal burning in Chinas north can shorten lives study

    Asia News Network - Wednesday 10th July, 2013

    Heavy air pollution reduces life expectancy, a new study has found, ringing an alarm for China's policymakers looking to create their future energy roadmap. The research published in the Proceedings of the National Academy of Sciences, a US multidisciplinary scientific serial, said on Tuesday that air pollution from burning coal caused people in northern China to live an average of 5.5 ...

  • Beijing talks tough on Dalai Lama

    The Standard - Tuesday 9th July, 2013

    (21 mins ago) China's top official for ethnic affairs indicated there will be no softening of the Communist Party's struggle against the Dalai Lama by the country's new leadership. The Dalai Lama has deviated from Tibetan Buddhist tradition and remains intent on splitting Tibet from China, the party's fourth-ranking official, Yu Zhengsheng, said yesteray on a visit to a ...

  • Economic Report China trade data disappoint as exports fall 3.1

    CBS Marketwatch - Tuesday 9th July, 2013

    LOS ANGELES (MarketWatch) -- China's trade performance for June showed drops in both exports and imports, according to reported customs data out Wednesday, disappointing for a second month in a row after May's results missed estimates by a wide ...

  • China and Russia catch up with USA in rearms race

    Pravda - Tuesday 9th July, 2013

    World spending on defense for the first time in 15 years fell by $1.75 trillion in 2012, which marked a 0.5-percent reduction in comparison with 2011, according to the Stockholm International Peace Research Institute (SIPRI). The share of the U.S. has fallen below the level of 40 percent for the first time since the collapse of the Soviet Union. Russia and China entered the top three of the ...

  • GLOBAL MARKETS-Asian shares pare gains after weak China trade data

    Reuters - Tuesday 9th July, 2013

    Tue Jul 9, 2013 11:20pm EDT * Asian shares trim gains after dismal China trade data * Euro stabilises after sliding to 3-month low vs dollar * Dollar hovers near 3-year high vs basket of currencies By Dominic Lau TOKYO, July 10 (Reuters) - Asian shares cut gains on Wednesday after data showed Chinese exports fell for the first time since January 2012, adding to signs that its economy continues ...

  • Dismal China trade data points to weaker second quarter GDP growth

    West Australian - Tuesday 9th July, 2013

    Reuters ? A worker walks past trucks as they line up to upload containers onto a ship at a port in Ningbo, Zhejiang province July 9, 2013. REUTERS/William ...

  • $A lower as Chinas exports drop

    West Australian - Tuesday 9th July, 2013

    The Australian dollar is lower due to weaker than expected Chinese trade data.At 1200 AEST on Wednesday, the local unit was trading at 91.36 US cents, down from 91.83 cents on Tuesday.Shortly before noon, data from China showed the country's monthly trade surplus fell by 14 per cent in June, as imports and exports both declined.CMC Markets foreign exchange dealer Tim Waterer said the ...

  • China preparing to hand over audit documents to U.S. regulators

    Reuters - Tuesday 9th July, 2013

    SHANGHAI, July 10 | Tue Jul 9, 2013 11:13pm EDT SHANGHAI, July 10 (Reuters) - China's securities watchdog said it is poised to turn over audit documents of a Chinese company listed in the United States to U.S. regulators, signaling a possible breakthrough in an international dispute over accounting scandals. The U.S. Securities and Exchange Commission has been struggling to get ...

  • China reports imports exports both fell in June in sign of growing economic weakness

    Star Tribune - Tuesday 9th July, 2013

    BEIJING -- China's trade declined abruptly in June in a new sign of weakness in the world's second-largest economy. Exports fell by 3.1 percent compared with a year ago and imports contracted by 0.7 percent, customs data showed. Both figures were below private sector forecasts of low single-digit growth. China's economic expansion has slowed this year and is expected to slow ...

  • China Has $27.1 Billion Trade Surplus

    RTT News - Tuesday 9th July, 2013

    China posted a merchandise trade surplus of $27.1 billion in June, the government said on Wednesday.That was slightly below expectations for a surplus of $27.8 billion following the $20.42 billion surplus in May.Exports were down 3.1 percent on year - well below estimates for an increase of 3.7 percent after adding 1.0 percent in the previous month.Imports dipped an annual 0.7 percent versus ...

  • Chinas foreign trade rises 8.6 pct in H1

    Global Times - Tuesday 9th July, 2013

    China's foreign trade neared 2 trillion US dollars in the first half year, up 8.6 percent year on year, the General Administration of Customs said on ...

  • Wall collapse kills 12 injures 7 in N China

    China Daily - Tuesday 9th July, 2013

    /enpproperty--> TAIYUAN - Twelve construction workers were killed and seven others injured after their make-shift house was buried by a collapsed wall in North China's Shanxi province, local authorities said Wednesday. The accident occurred around 7:30 pm Tuesday at a construction site of a coal cleaning plant of Dacheng Liyuan Coalification Co., Ltd. in Pingshu village, Shouyang ...

  • China export down 3.1 in June

    China Daily - Tuesday 9th July, 2013

    year on year in June to $174.32 billion, while import down 0.7 percent from a year earlier to $147.19 billion, new data showed Wednesday. Total ...

  • Lew expects reforms in China

    CNN Money - Tuesday 9th July, 2013

    U.S. Treasury Secretary Jack Lew has high hopes that the new Chinese government will undertake some of the economic reforms the United States has been pushing for ...

  • China June exports shrink 3pc surplus narrows

    The Standard - Tuesday 9th July, 2013

    (14 mins ago) China's monthly trade surplus fell 14 percent in June to US$27.13 billion, government data showed as imports and exports both declined. Exports fell 3.1 percent to US$174.32 billion, according to figures from Customs, while imports decreased 0.7 percent to US$147.19 billion. ';Currently China's foreign trade is facing grave challenges,'' Customs ...

  • Source: http://www.beijingnews.net/index.php/sid/215730848/scat/55582c89cb296d4c

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