Newest preliminary data showed that China’s manufacturing rebounded moderately in March after the world’s second economy saw its factory activity slump in February due to the timing of the Lunar New Year holiday. The findings were welcomed with a relief as an increase in a key gauge might mean that the China’s economy is after all on the road of recovery. Certainly, all this will help new Premier Li Keqiang to make the China’s economy stand on its feet.
Newest data showed that China witnessed an increase in new home prices in 66 of 70 Chinese major cities in February, raising concerns over the prospects of economic growth. Unquestionably, the new leadership will have to face all challenges caused by increases in new home prices and real estate speculation.
Newest survey by much valued Swedish think-tank showed that China emerged as the world’s fifth-largest arms exporter, thereby bypassing the UK. The China’s improved capacity to construct desired and respected weapons demonstrates its economic and military stance as well.
After 16 years of effort and negotiation for securing a membership in the World Trade Organization (WTO) on December 11, 2001, industry leaders in China were perhaps more worried than relieved. A few years later, those industries have not yet been extremely successful, but have done quite well. Today, China is looking forward to buy more products from overseas.
As cool as the iPad and iPhone are, not everyone thinks the company that makes them is equally impressive. Samsung Electronics is working to impose a ban on the new iPhone 4S in Australia and Japan. The South Korean firm is currently in a patent battle with Apple, citing that Apple is violating patent rights [...]
The Asian Seafood Exposition is Asia-Pacific and Hong Kong’s premier seafood trade event, connecting retail, foodservice, and distribution buyers with suppliers of live, fresh, frozen and packaged seafood products and services from around the world. A great networking, growth and business opportunity for professionals from the retail and foodservice industries, the Asian Seafood Exposition is Asia [...]
With domestic sales of Japan’s breweries being severely affected by the country’s decreasing population as well as a general decline in the preference for beer in Japan’s beverage market, the nation’s brewers have been on a spree to expand their international operations. The latest among these is the announcement by Tokyo-based company, Kirin Holdings Co., [...]
We’ve all seen, or atleast heard of, Chinese phones and tablets which mimic the hugely popular iphones and ipads, often unrecognizably so. The reported fake Apple stores however, take piracy to a whole new level. Last week, when Apple reported a 125% rise in profits year-on-year, the company’s Chief Operating Officer, Tim Cook, attributed a large part [...]
With its third-quarterly earnings statistics showing an 82% increase in revenue, and 125% rise in profits year-on-year, Apple, while releasing these statistics, said that a massive jump in profits in China has contributed significantly towards Apple’s performance. With the released data suggesting that as compared to the 4% revenue share contributed by China over the [...]
Japan Sets the Scene Just about recovering from the massive devastation caused by the March 11 earthquake and tsunami and the ensuing nuclear disaster, Japan is now looking at addressing its energy needs by tapping into sources other than nuclear power. In what has been estimated as being the worst nuclear energy disaster since Chernobyl, [...]
According to the US Geological Survey, global reserves of rare earth minerals, found primarily in the United States, China, Russia and some other parts of the former Soviet Bloc, amount to only around 110 million tonnes. A clear monopoly, even within these countries, where the mining and supply of these extremely valuable commodities is concerned, [...]
Lending by banks in China has dropped to 551.6bn Yuan ($85bn; £52bn) in new loans, as compared to April lending which amounted to 739.6bn Yuan, according to data released by the People’s Bank of China, China’s central bank. With Chinese authorities having put in place a number of mechanisms to slow down growth, including a [...]
An interactive forum for manufacturers, technology providers, policy makers, funding agencies, scientists, innovators, engineers and industrialists from all over the world, exhibits at the China International Automotive Electronics & Testing Technology show (AES) include General Dynamic testing systems, Body and Chassis testing systems, Safety testing, Manufacturing testing, ECU testing, Bus testing, Communication, navigation, entertainment system testing, Fuel [...]
With the importance of developing High Speed Rail Systems becoming increasingly recognized across the world, this particular initiative takes the rapid-transit concept to a whole new level! The Aero Train, unveiled at the IEEE International Conference on Robotics and Automation in Shanghai, China, a levitating robotic plane-train that floats on a cushion of air, presents [...]
Australian copper miner, Equinox, announced late last night that it had accepted the $7.1 billion takeover offer by the world’s biggest gold miner, Canadian Barrick Gold. Barrick’s offer, being significantly higher than the $6.5billion proposal bid by Chinese miner Minmetals Resources, has meant that Minmetals has had to withdraw its offer and walk away from [...]
While developed economies like USA, Europe and Australia with current GDPs of 3.1%, 0.3% and 0.7% respectively (according to tradingeconomics.com), are desperately trying to figure out ways of boosting their economic growth, China’s move of obviously trying to cool down its economy – with the PBOC directing the other large banks in China to reduce [...]
The Taipei-based Taiwanese company, Foxconn, popularly known for being Apple’s iPhone and iPad maker, is considering spending around $12 billion over five to six years towards expanding by setting up production facilities in Brazil. This information, regarding Foxconn’s intentions, was released in a statement made by Dilma Rousseff, Brazil’s President. If this comes through, Foxconn’s [...]
With its most recent valuation figuring at $85billion, only about two months after Goldman Sachs, on investing in the world’s no.1 social-networking company, valued it at $50billion, Facebook sure is set to become to take over the virtual world. So what’s the most obvious market for such a rapidly growing company to be exploring next? [...]
China’s largest foreign invested venture in the service sector After over a decade of technical and political negotiations, work on what will host Disney’s largest Storybook Castle has finally started. With Disneyland coming to Shanghai, the local economy is expected to receive a massive boost through the employment generation that will accompany the establishment of [...]