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Posts Tagged ‘ Asian News ’

Jim Chanos: Property Market in China Has Entered Recession

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February 16, 2012
TEST6James Chanos photo

Hedge fund manager Jim Chanos says slowing demand in China will continue and may have ripple effects around the global economy. Feb 16, 2012 'Get ValueWalk's Daily Edition By Email and Never Miss Our Top Stories'
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China’s FDI and Trade Outlook Horrible Says Commerce Spokesperson

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February 16, 2012
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Image Caption: Propio, Trabajo. “Vista De Shanghai Desde El Hotel Peace, Shanghai View from Peace Hotel.” Amid slowing economic growth and Europe’s fiscal woes, China’s commerce ministry said the outlook for foreign investment and trade is “grim”. “Due to growing downward pressures in the world economy, the external environment for China’s imports and exports is getting tougher and overall, the situation remains grim,” Shen Dangyang, the spokesperson for the Commerce Ministry said at a...
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Canada Tries to Woo China Over Alberta Oil Sands

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February 14, 2012
TEST6China-globe

Canadian Conservative Prime Minister Stephen Harper is in the midst of an official visit to China. His mission? To convince Beijing’s mandarins to buy Canada’s Alberta oil sands hydrocarbon production, now that Republican Congressional overreach has effectively sidelined the Keystone XL pipeline, designed to transit the oil to U.S. Gulf of Mexico refineries, for the foreseeable future. Harper faces an uphill struggle, as China is questioning the delays in implementing the Northern Gateway pipeline,...
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Bank of Japan to Pump in Extra $130 Billion to Buy L/T JGBs

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February 14, 2012
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In a surprise move, the Bank of Japan (BOJ) has decided to add 10 trillion yen ($130 billion) to its asset buying and lending scheme. The central bank has said that it will increase its asset purchase programme from 55 trillion yen to 65 trillion yen, and the entire increase will be earmarked for the purchase of long-term Japanese government bonds.   “The Bank will pursue powerful monetary easing by conducting its virtually zero...
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Japan Reports Terrible Q4 GDP Numbers

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February 13, 2012
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                Japan reported a 2.3% contraction in its economy during the fourth quarter.  This comes as the third contraction in the last four quarters, a worrisome sign for its economy and chances for a double dip.   Floods in Thailand hurt production and a strong yen are the main sources for its GDP miss.  Exports were down 3.1% on a stronger yen as governments around the world were unwilling to pay a higher premium for...
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Australia’s Housing Bubble Now Popping?

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February 13, 2012
TEST6

After more than a decade of non-stop growth, Australian banks are bracing themselves for a slowdown in credit growth. In an effort to cut costs and protect profit, most of the big banks have started to announce job cuts for 2012. The latest to do so was Australia and New Zealand Banking Group (ANZ), the country’s fourth-largest bank, which on Monday said that it will cut approximately 1,000 jobs in 2012.   ANZ which...
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Trade Data: Is China Having a Hard Landing??

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February 12, 2012
TEST6Riots in China image

The latest January trade data of China showed the broadest measure of China’s global trade surplus fell to a several-year low to around 2.7% of GDP.  Export also collapsed to a negative 0.5% year-over-year in January, down from +13.4% in December.  Imports looked even more dire with a 15.3% year-over-year decline. Earlier this month, the IMF already issued a report on China stating that Real estate remains the greatest domestic risk to China, and in the most sever scenario, China’s...
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Canada Thumbs Nose at US, Starts Free Trade Takes with China

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February 9, 2012
TEST6US china flag

Canada and China are stepping up talks to begin a new free trade relationship between the two countries.  The two countries are currently undergoing a joint economic study that will be concluded in May.  After that point, the two countries will reconvene to discuss further the possibility of a strong economic relationship.  Canadian Prime Minister, Stephen Harper highlighted twenty three commercial agreements that are “worth $3 billion”.  Aside from economics, both countries’ governments talked...
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China Mobile Crushing Apple in High-End Market

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January 30, 2012
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One of the most significant marketing opportunities in the history of the global economy may be the emerging consumer market in China. According to a report in the SINO Daily dated January 17, 2012, “Urbanisation is an irreversible process and in the next 20 years, China’s urban population will reach 75 percent of the total population,” said Li Jianmin, head of the Institute of Population and Development Research at Nankai University.” The migration of...
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Is Gold The Most Valuable Currency In The World?

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January 29, 2012
TEST6Gold brick

Let’s figure out if there is any other valuable thing beside Gold that is preferred more for  storing wealth? In my opinion, I don’t really think that stocks, bonds, real estate or any other thing  now a days  can be the best option to store a good amount of wealth,  compared to Gold. People in China give more priority to Gold than in other country, they think Gold is a “safe haven” when there are  fears...
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Has China Defeated U.S. To Be Called A Superpower State? [INFOGRAPHIC]

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January 26, 2012
TEST6

China is a growing superpower. This infographic takes a look at some of China’s statistics in comparison with other countries in the world. It is very apparent from this infograph that China is being compared more with U.S than with other countries. Has China already beaten US to be called a superpower? 'Get ValueWalk's Daily Edition By Email and Never Miss Our Top Stories'
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