Topic: Asian Economy

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Afghanistan: 5 areas of concern after the US leaves

The withdrawal of US and NATO forces from Afghanistan will have profound, direct effects on the country's security, economy, and society. Here are five areas that are likely to see an impact.
A hard landing for China? Six top economists weigh in.

China's economy grew 8.9 percent last quarter, the slowest pace in 2.5 years, and on Monday Premier Wen Jiabao cut the nation's growth target for 2012 to 7.5 percent, an eight-year low. Worries of a Chinese hard landing, defined as a sharp and sudden deceleration in growth, have gained momentum. However, China has been proactive in its efforts to prevent a hard landing. It has fine-tuned its policies to curb inflation, boost domestic consumption, and prevent a housing bubble. The Chinese government intervened heavily from 1989 to 1991 to cool its economy, causing real growth in gross domestic product to plunge to 4.1 percent in 1989, from 11.3 percent the previous year. It stepped in again in 1993. And some argue that this time around it's no different, and that the government knows exactly what it is doing. So we asked six top China analysts whether they saw a hard or soft landing scenario and what we should keep an eye on.
China's Vice President Xi is in town: what 6 international newspapers say

Chinese Vice President and presumed leader-in-waiting Xi Jinping is visiting the United States this week. From the increased US militarization of the Asia-Pacific region to China’s human rights record, newspapers across the globe are chiming in with their opinions and expectations for this high-profile visit. Here are a sample of six:
Q&A: What's with the war talk surrounding Iran?

Tensions over Iran’s nuclear program have escalated in recent weeks as the US and Europe ramp up sanctions against the Islamic Republic.
World markets respond to US credit downgrade

Today is the first day that most stock exchanges have been open since ratings agency Standard & Poor's announced its US credit downgrade from a AAA rating to AA+. Here’s how world markets have responded so far:

All Content

China rails at 30 percent tariff on solar panels

China says the US is "deliberately provoking trade friction in the clean energy sector." The US says Chinese exporters were dumping cut-price solar panels in the US market.
Why China's economy may be heading for a hard landing

Business confidence has sunk for the third quarter in a row as a growing number of indicators suggest China's economy is slowing.
Escaped dissident ruffles US-China relations ahead of Clinton visit

The US rushes a top diplomat to Beijing to work out tensions over dissident Chen Guangcheng and a possible US arms sale to Taiwan.
The Circle Bastiat
No, Chinese inflation isn't a good sign

Experts say that Chinese inflation is a natural side effect of a healthy economy. Here's why they're wrong.
Afghanistan: 5 areas of concern after the US leaves

The withdrawal of US and NATO forces from Afghanistan will have profound, direct effects on the country's security, economy, and society. Here are five areas that are likely to see an impact.
Oil prices edge down toward $106 a barrel

Oil prices slip as investors eye slowing economic growth and risk of supply disruptions because of Iran impasse. An Australian bank forecasts oil prices will stay above $100 a barrel through 2012.
U.S. stocks mixed on a quiet day

U.S. stocks were mostly unchanged Wednesday, a calm day in the middle of a bumpy week. U.S stock on the Dow fell 45 points to close at 13124.
Gold prices, commodities fall on China weakness

Gold prices drop more than $20 an ounce. Copper, oil, and soybean prices also decline as concerns mount about an economic slowdown in China. Gold prices close below $1,650 an ounce.
Stefan Karlsson
China's economy slowing? Not much.

China doesn't seasonally adjust its trade numbers, so swings month to month can be misleading.
Stefan Karlsson
Why the economy needs a strong service sector

A nation's economy doesn't have to be wholly reliant on manufacturing, and service sector jobs are a strong indicator of an economy's health.
US stocks slip on foreign worries

US stocks faltered Monday on trouble in China and Greece. The Dow lost 14 points to close at 12962
A hard landing for China? Six top economists weigh in.

China's economy grew 8.9 percent last quarter, the slowest pace in 2.5 years, and on Monday Premier Wen Jiabao cut the nation's growth target for 2012 to 7.5 percent, an eight-year low. Worries of a Chinese hard landing, defined as a sharp and sudden deceleration in growth, have gained momentum. However, China has been proactive in its efforts to prevent a hard landing. It has fine-tuned its policies to curb inflation, boost domestic consumption, and prevent a housing bubble. The Chinese government intervened heavily from 1989 to 1991 to cool its economy, causing real growth in gross domestic product to plunge to 4.1 percent in 1989, from 11.3 percent the previous year. It stepped in again in 1993. And some argue that this time around it's no different, and that the government knows exactly what it is doing. So we asked six top China analysts whether they saw a hard or soft landing scenario and what we should keep an eye on.
The New Economy
US recovery real – but vulnerable

US recovery could get derailed by recession in the eurozone, a slowdown in China, or both. Both threats loom large over the nascent US recovery.  
India's economy loses its luster

India's much-heralded economic boom is faltering, with stock index declining 25 percent. Speed bump or meltdown?
China's Vice President Xi is in town: what 6 international newspapers say

Chinese Vice President and presumed leader-in-waiting Xi Jinping is visiting the United States this week. From the increased US militarization of the Asia-Pacific region to China’s human rights record, newspapers across the globe are chiming in with their opinions and expectations for this high-profile visit. Here are a sample of six:
As red ink flows, Japanese firms struggle to keep manufacturing at home

Japan's manufacturing base is hollowing out as many electronic and car factories move overseas. Meanwhile, a strong yen is sending firms on an international buying spree.
Why Chinese workers are getting kidnapped abroad

Kidnapped Chinese workers were freed today in Egypt, but as more Chinese workers become easy targets abroad, citizens back home are calling for action.
Stefan Karlsson
China's economy may surpass US before 2020

China's economy is now nearly half as big as the U.S. economy. Its economic growth figures suggest that China could become bigger sooner than previously thought.
Q&A: What's with the war talk surrounding Iran?

Tensions over Iran’s nuclear program have escalated in recent weeks as the US and Europe ramp up sanctions against the Islamic Republic.
China's new European trade hub: An Irish town of 18,000

The Irish town of Athlone has approved a project that could bring as many as 400 Chinese businesses to Ireland. With China facing declining growth and Ireland mired in debt, both stand to benefit.
How WTO membership made China the workshop of the world

China's entry into the World Trade Organization (WTO) a decade ago primed it for high-speed growth. Other countries have seen benefits as well – but say China has also become adept at getting around the rules.
Renewable energy: US probe 'protectionism,' China says

Renewable energy flap with China escalates as US panel agrees to investigate complaints that Chinese solar panels are unfairly priced. Renewable energy is flash point in US-China trade relations.
Iceland blocks Chinese businessman from buying land

Chinese businessman Huang Nubo planned to invest $200 million in Iceland, but it has sparked national security concerns, despite popular support in a country still reeling from its 2008 financial collapse.
Markets tumble on China manufacturing data

China's manufacturing sector marked its biggest fall in three years amid eurozone woes and a weak US economy. But China appears unlikely to focus on boosting domestic consumption, which could help other countries.
Oil futures hit $98 a barrel ahead of reports

Oil futures rise as trader expect US supply reports to show stronger demand. US oil futures hit $98.33 in European trading.