Jay Wang News
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The following is a table of biweekly survey of crude run rates at 23 major Chinese refineries by May 19, according to data from Oilchem.net, a Shandong based energy information website.
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Foreign direct investment in China climbed 15 percent in April as companies including Starbucks Corp. and Walt Disney Co. expand to tap rising incomes in the world’s fastest-growing major economy.
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China’s consumer prices rose 5.3 percent in April from a year earlier, exceeding the government’s full-year target for a fourth straight month.
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China’s inflation held above 5 percent in April and lending exceeded analysts’ estimates, signaling that further monetary tightening may be needed to cool the fastest-growing major economy.
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China reported a trade surplus that was more than three times larger than forecast in April as exports surged to a record, bolstering the U.S. case for faster yuan gains as officials from both nations meet for annual talks in Washington.
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China’s industrial output growth may have weakened in July as the government shuttered energy- intensive factories, highlighting how environmental goals risk damping growth just as export orders soften.
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Foreign direct investment surged 33 percent in March from a year earlier as rising inflation and interest rates failed to damp overseas confidence in the world’s fastest-growing major economy.
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China’s economy grew a more-than- estimated 9.7 percent in the first quarter and inflation accelerated in March to the fastest pace since 2008, adding pressure for more monetary tightening.
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Inflation in China and India accelerated by more than economists forecast in March as rising commodity costs and inflows of capital threaten to overheat economies across Asia.
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China’s faster-than-expected growth in exports and imports last month may allow Premier Wen Jiabao to strengthen his fight against inflation, which probably exceeded his target for the ninth straight month in March.
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