Tag: China
The crisis reaches China solar sector following the collapse of the giant Suntech
After finishing with the Western competition, the Chinese solar panel industry has just lost its great champion, Suntech, which was recently world leader, was declared bankrupt on Wednesday, evidence that the crisis in the sector also plaguing China. Suntech said Monday that trying to restructure its debt and China New said Wednesday that the company [...]
China has become one of the five largest arms exporters
China managed to be between 2008 and 2012 as one of the five largest arms exporters in the world, alongside the U.S., Russia, Germany and France, with its conventional arms shipments to Pakistan, Myanmar, Bangladesh and Venezuela. This was revealed by a report from the International Institute for Peace Research Institute (SIPRI) released today, which [...]
China expected to increase 25 percent in its nuclear energy production by 2013
The Chinese government announced today the forecast 3.24 gigawatts of generating additional nuclear power this year, a figure that represents a 25% increase compared to the installed capacity at the end of 2012, which reached 12.54 gigawatts. According to a report by the National Commission for Development and Reform, the top Chinese economic planning body, [...]
Venezuela and China deepen cooperation after Chavez’s death
Venezuela and China will strengthen diplomatic and economic cooperation following the death of President Hugo Chavez said Saturday charged President Nicolas Maduro during a meeting with a delegation from China, which gave him a letter of condolence from Chinese leader Hu Jintao. China “can count on the Bolivarian government to deepen the strategic partnership between [...]
The European Union remains in 2012 as China’s largest trading partner
The European Union (EU) maintained its position as China’s largest trading partner in 2012 despite a 3.7 percent decline in the volume of trade between the two regions, said the Chinese Minister of Commerce Chen Deming. In a press conference in the framework of the celebration of the National People’s Congress, the top legislature of [...]
China wants to encourage consumption and a new economic model
China has set a growth target “reasonable” 7.5% by 2013 and to achieve expected to stimulate private consumption and transforming in an “accelerated” economic model, announced Tuesday in the country’s parliament the outgoing prime minister, Wen Jiabao. At the opening of the annual session of the National People’s Congress, Wen took stock of the past [...]
Toyota considers suspending production at its largest assembly plant in China
Toyota plans to suspend production next week at its largest assembly plant in China, according to a Japanese newspaper on Tuesday, due to decreased demand for Japanese cars because of a territorial dispute between the two countries. Toyota, the largest automaker in the world in the first half of 2012, announced that it will suspend [...]
Geithner: The Currency Reform in China are “Significant”
The U.S. Treasury Secretary Timothy Geithner on Wednesday described as “very significant” and “very promising” China’s foreign exchange reforms that will allow freer yuan’s fluctuation. Speaking very complimentary and exceptional in Washington, Geithner praised the recent decision of the Central Bank of China to allow the yuan’s fluctuation to 1.0% at the ends of its [...]
China Will Expand the Range of Fluctuation of the Yuan to the Dollar to 1 Percent
The People’s Bank of China (PBOC, central) announced today that beginning Monday, will widen the yuan’s fluctuation band against the dollar by 1 percent, compared to up 0.5 percent so far in force. The PBOC said it through a statement on its website, which justifies its decision on the “development of China’s foreign exchange market [...]
Wall Street Scores Again its Worst Week of the Year
Wall Street again today scored its worst week of the year burdened by the slowdown of China’s economy during the first quarter and concerns about the situation in Spain, which prevented investors celebrate the best results from JPMorgan Chase and Wells Fargo. The Dow Jones Industrial Average, the benchmark of New York park, closed on [...]
