From International Herald Tribune: China plans to spend a further $21 billion on major industrial, transport and social projects to accelerate growth in its less developed western region, state media reported Monday. China’s top economic planning agency, the National Development and Reform Commission, had earmarked funds to undertake 12 top-priority projects, including investments in transport, […]
Read MoreFrom Reuters: China has squeaked by Britain by the tiniest of margins to become the world’s fourth-largest economy, according to the World Bank‘s latest calculations. The World Bank said that by its official measure China produced $2.263825 trillion in output in 2005. That was just $94 million, or 0.004 percent, more than Britain. China comfortably […]
Read MoreFrom MarketWatch: Hong Kong’s benchmark Hang Seng Index will adopt a new weighting methodology and expand the number of constituent shares to 38 from 33, in the biggest overhaul of the index in its 37-year history. Spokesmen for compiler HSI Services Ltd said Friday they will cap individual constituent weightings at 15% using a free-float-adjusted […]
Read MoreFrom AFX via Forbes.com: Chinese government interference remains a problem for the nation’s banks, China Construction Bank (CCB) chairman Guo Shuqing said. Guo told an academic forum in Beijing that the state’s targeting of the lending practices of its Big Four banks fails to take account of commercial imperatives. He also described the monopoly status […]
Read MoreFrom AFX via Forbes.com: China’s economic growth remains robust in the first half, with most indicators set to show continued double-digit growth while consumer prices and foreign direct investment appear to have booked single-digit gains, the National Bureau of Statistics (NBS) said. ‘China’s current economic growth remains fast. All major economic indicators, except for CPI […]
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