The Emergence of China: Opportunities and Challenges for Latin America and the Caribbean (David Rockefeller/Inter-American Development Bank)
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Forex Blog (Free subscription) | 15 hours ago
The Economist recently published a special report on China and America (”Round and round it goes“). As the title suggests, the article described the increasing interdependency between the economies of the US and China. In a nutshell, China maintains an undervalued currency, in order to stimulate exports. The resulting overseas (American) demand puts upward pressure...
lloydslist.com (Free subscription) | 11/06/2009
EARLIER this year the Chinese government controversially called on the nation's lenders to loosen their financial grip and buffer China's suffering shipyards. Whatever readers think of the protectionism inherent in this policy, everyone thought the outcome a fait accompli. The government decrees, the banks follow and the shipyards survive. But that is hardly happening in all cases. After the...
New Vision (Free subscription) | 11/05/2009
KAMPALA - Uganda intends to woo Chinese investment to boost the country’s efforts in adding value to exports and to tackle energy and infrastructure handicaps, government officials have said. China’s commercial footprint has been expanding in Uganda over the last five years. It was the third biggest Foreign Direct Investment source in the third quarter of 2009, after India and Britain, according...
Sify (Free subscription) | 11/05/2009
A Democratic senator is calling on the Obama administration to reject an expected request for federal economic stimulus money as part of a $1.5 billion West Texas wind energy project because he says it will generate Chinese, not American, jobs.The U.S.-China venture, announced last week, would erect 240 huge Chinese-manufactured wind turbines on 36,000 acres in West Texas, with the Export-Import...
Miami Herald (Free subscription) | 11/05/2009
Senator: No fed money for US-China wind projectBy H. JOSEF HEBERTAssociated Press WriterWASHINGTON -- A Democratic senator is calling on the Obama administration to reject an expected request for federal economic stimulus money as part of a $1.5 billion West Texas wind energy project because he says it will generate Chinese, not American, jobs.The U.S.-China venture, announced last week,...
Star Tribune (Free subscription) | 11/05/2009
WASHINGTON - A Democratic senator is calling on the Obama administration to reject an expected request for federal economic stimulus money as part of a $1.5 billion West Texas wind energy project because he says it will generate Chinese, not American, jobs.The U.S.-China venture, announced last week, would erect 240 huge Chinese-manufactured wind turbines on 36,000 acres in West Texas, with...
Seattle Post-Intelligencer (Free subscription) | 11/05/2009
Last updated November 5, 2009 3:06 a.m. PTSenator: No fed money for US-China wind projectBy H. JOSEF HEBERTASSOCIATED PRESS WRITERWASHINGTON -- A Democratic senator is calling on the Obama administration to reject an expected request for federal economic stimulus money as part of a $1.5 billion West Texas wind energy project because he says it will generate Chinese, not American, jobs.The U.S.-China...
Banking Times: Daily Banking News (Free subscription) | 11/03/2009
The Bank of China has announced its financial results for the third quarter of 2009. In line with International Financial Reporting Standards, the firm made RMB 62.23bn profit, up 3.8% year-on-year, in the first three quarters of the year. This marks a reversal from the first six months, when the bank made 2.5% less in the first [...]
good4mortgages.co.uk (Free subscription) | 11/06/2009
... in the last 11 days. In the first 30 days of May, new lending by the Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, and China Construction Bank totaled 46.8 billion yuan, 26.4 billon yuan, 69.8 billion yuan, and 28.7 billion yuan respectively.
SeekingAlpha Energy Stocks (Free subscription) | 11/06/2009
Kelvin Schulle submits: Thursday, a report said Democrat Senator Schumer called to restrict the stimulus funds to be used in the 600MW wind farm joint venture in Texas, which is made up of A-Power Energy Generation ( APWR ), U.S. Renewable Energy Group and Cielo. A-Power owns 49% of the JV. The project is expected to get funding from the Commercial Bank of China (around $1.05B) and $450M...
PR News Wire (Free subscription) | 11/05/2009
The FELABAN Annual Assembly attracts nearly 2,000 bankers from more than 50 countries and, for the first time in its 47-year history, it will bring together three of the leading Chinese banks who are actively trading with Latin America, highlighting China's increased interest in the region and vice-versa. Yung-Chang (Jim) Ho, Managing Director for Greater China and OECD Asia, Wachovia...
People Daily (Free subscription) | 11/03/2009
China's big four banks extended about 136 billion yuan ($20 billion) yuan-denominated new loans in October, up 23.6 percent from September's 110.4 billion yuan, the China Securities Journal reported on Tuesday. The September total was the lowest amount so far this year for the big four, which include Bank of China, China Construction Bank, Industrial and Commercial Bank...
The Industry Standard (Free subscription) | 11/03/2009
Microsoft signed a cooperation deal on Tuesday with a big Chinese bank, a potentially major enterprise customer in the country for its financial products and services. Microsoft CEO Steve Ballmer attended a signing event in Beijing for the deal. Agricultural Bank of China, one of China's four big state-owned banks, will rely on Microsoft products and the U.S. company's global...
ERE Articles | Electronic Recruitin (Free subscription) | 11/04/2009
... growth in jobs. The economy is growing because it’s being propped up by taxpayers (and the Central Bank of China) instead of by real growth in GDP. In some places this is known as a ponzi scheme. The government claimed this past week that the stimulus package has added 650,000 jobs so far. Well, to be precise, “created or saved” that many jobs. Jobs have been added, but just how many have...
VentureBeat (Free subscription) | 11/02/2009
Last week, VentureBeat reported that China is likely to overtake the U.S. in green innovation and manufacturing. Now they’re proving it, with an announcement that 36,000 acres spanning several counties in Texas will be developed for wind power using 240 turbines made by the Shenyang Power Group. The turbines will be Shenyang’s 2.5 megawatt model — among the largest in the...
