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Society

China’s CPI To Rise 4-4.5% In 2011: CLSA Strategist Andy Rothman

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By David Cao
David Cao
06 December 2010
Hits: 748

A surge in Chinese prices that has rattled financial markets may be poised to ease as weather improves and the economy returns to more normal growth following a period of extra stimulus following the global financial crisis, a top China economic specialist said.

In a report that rattled financial markets globally, China said last month that its consumer prices index rose by 4.4% in October from a year earlier, the biggest increase in 25 months and well above its 3% annual target for 2010. However, vegetable and fruit prices accounted for 27% of the October rise, and stripping that influence out, the CPI increase would have been only 3.5%, close to a pre-financial-crisis average of 3.6%, said Andy Rothman, the China macro strategist at brokerage CLSA.

Read more: China’s CPI To Rise 4-4.5% In 2011: CLSA Strategist Andy Rothman

Dozens of Kids Injured in China School Stampede

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By David Cao
David Cao
30 November 2010
Hits: 1207

Xingjiang kids Stamp

A mad rush to the playground turned into a stampede that left dozens of elementary school children injured in western China on Monday, state media and officials said.

Students at the No. 5 Elementary School in Aksu city, Xinjiang, were rushing downstairs for after-class exercises around noon when some students fell, the official Xinhua News Agency said. The report said that other students then pushed to squeeze through the narrow stairway, trampling on those that had fallen.

Xinhua put the numbers injured at nearly 100 while an official with the Aksu government's propaganda office said more than 40 were injured and were being treated in hospital. No deaths were reported.

Read more: Dozens of Kids Injured in China School Stampede

Beijing Chided Pyongyang, Declined U.S. Call to Stop Tehran Missile Sales

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By JEREMY PAGE
JEREMY PAGE
30 November 2010
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China has expressed frustration with North Korea, with one official calling it a "spoiled child," at the same time as brushing off U.S. requests to choke off the flow of military technology from Pyongyang to Tehran that helps to sustain the regime, according to leaked U.S. diplomatic cables.

One of the latest batches of cables released by WikiLeaks also quotes a South Korean official speculating that China might be able to accept reunification under South Korea's leadership.

Another cable quotes a Chinese official telling a U.S. Embassy official after North Korea's missile test last year that: "North Korea wanted to engage directly with the United States and was therefore 'acting like a spoiled child' to get the attention of the "adult." The Guardian, one of five news organization that got early access to the cables, names the Chinese official as Vice Foreign Minister He Yafei.

Read more: Beijing Chided Pyongyang, Declined U.S. Call to Stop Tehran Missile Sales

Made In China Is The New Mark Of Quality For Stocks

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By David Cao
David Cao
30 November 2010
Hits: 787

It has been widely reported that 2010 is the year that China passed Japan to become the second largest “country” economy in the world.

Less reported, however, is a more important fact: 2010 or thereabouts will go down in history as the year that China became a more important player in world economic growth than the United States.

The U.S. is expected to grow GDP by about 2% in 2011, while China’s GDP growth is projected at 9%. 2009 U.S. GDP, according to the IMF, was $14 trillion and China GDP was $4.8 trillion. Therefore, China will add about $200 billion more than the U.S. to overall global GDP next year.

Read more: Made In China Is The New Mark Of Quality For Stocks

Shanghai’s Air Bad, But Crazy Bad?

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By David Cao
David Cao
29 November 2010
Hits: 945

Air quality in Shanghai has plummeted since the World Expo left town, sliding from “excellent” to “polluted” and now—with levels of airborne particulates up to three times beyond what the government considers safe—downright frightening.

But even as the smog thickens, the question remains whether Shanghai can match a new standard of Sino-smokiness recently set by Beijing—a standard that (as one U.S. authority recently suggested) stretches the bounds of sanity.

According to a report in today’s China Daily, Shanghai’s air pollution index has broken 100 on eight days so far this month, at one point reaching 370—the worst reading in 10 years.

Read more: Shanghai’s Air Bad, But Crazy Bad?

More Articles …

  1. China Moves to Cool Korean Tensions
  2. China To Koreas, U.S.: Instead Of World War III, Let’s Talk
  3. Asian Games End With Record China Haul
  4. Dalai Lama: ‘I Am a Son of India’
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Banking

  • China T-bond move seen safeguarding financial stability
  • RMB expected to stay stable
  • China's policy bank provides 197.3 bln yuan in green loans in Q1
  • China central bank conducts reverse repos to maintain liquidity
  • Former president of China Merchants Bank under investigation

Business China

  • China Space Pioneer apologizes after test rocket crashes
  • China's rail freight volume hits record high in April 2022
  • China domestic travel bounces back to health
  • CES Asia 2020 canceled amid COVID-19 concerns
  • Danke Announces Updates to its Board and Senior Management

Real Estate

  • 21 Chinese cities tighten Real Estate Policy
  • LANZHOU NEW AREA new ghost town in China
  • Chinese invest $110 billion in US real estate
  • China's listed real estate companies post $461b of inventories for 2015
  • Beijing eases restrictions on foreigners buying apartments

Manufacturing

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  • Chery Revives the Legend: Electric QQ Aims to Reclaim Glory in the EV Era
  • Cargo drone TP1000 undergoes debut test in Qingdao
  • Xiaomi YU7 SUV Test Car 258 exposed on Weibo
  • EngineAI's Robot Step Into New Era

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