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posted on Thursday, 10 Sep 2009 by Site Editor Comments Off

China will boost domestic demand to sustain the nation’s “fast and stable” economic growth, central bank Deputy Governor Yi Gang said.

“Despite the negative shocks of the financial crisis, China will accelerate transformation of the growth model, promote domestic demand — especially …

posted on Wednesday, 9 Sep 2009 by Site Editor Comments Off

The global credit crisis freezing up the world’s finances may be a blessing in disguise for China as it aims to modify its economic structure after three decades of breakneck growth.

With its banks shielded from the worst effects of the crisis …

posted on Wednesday, 9 Sep 2009 by Site Editor Comments Off

THE FLIGHT path from Zoom to doom was an accelerated one. The rapid collapse of the Canadian-registered airline, owned by Scottish brothers John and Hugh Boyle, has resulted in misery and anger for thousands of holidaymakers.

Many Scots hit by the collapse …

posted on Wednesday, 9 Sep 2009 by Site Editor Comments Off

The global financial crisis has taken its toll on foreign direct investment (FDI) to China, with the rate of growth starting to slow down.

FDI in China rose 39.9 percent year-on-year in the first nine months of 2008, and spending by overseas …

posted on Wednesday, 9 Sep 2009 by Site Editor Comments Off

U.S. companies are hoping Secretary of State Condoleezza Rice’s visit to Libya on Friday will improve access to a country in desperate need of foreign investment and expertise as it emerges from years of sanctions.

But the oil-rich north African state remains …

posted on Wednesday, 9 Sep 2009 by Site Editor Comments Off

Morgan Stanley was racing on Friday to secure its financial lifeline from a big Japanese bank as confidence in the embattled Wall Street bank continued to erode.

Investors have begun to question whether the Japanese bank, the Mitsubishi UFJ Financial Group, will …

posted on Wednesday, 9 Sep 2009 by Site Editor Comments Off

Talk that China Investment Corp. will engage in a second round of buying of mainland bank stocks propels the Hang Seng to recover most of last week’s losses; Australia, S. Korea also gain.

Banks led a rebound in Asian stocks on Monday, …

posted on Wednesday, 9 Sep 2009 by Site Editor Comments Off

As the financial crisis has worsened in recent weeks, hopeful eyes have turned for help toward China, the newest major player on the world stage — and a country that is sitting atop some $2 trillion in foreign reserves, a cash …

posted on Wednesday, 9 Sep 2009 by Site Editor Comments Off

Ever since independence, government has always realised that while growing internal businesses through the development of Small and medium enterprises was important for sustainable economic growth, it also understood that foreign direct investment just as critical to enhance further this growth.

It …

posted on Wednesday, 9 Sep 2009 by Site Editor Comments Off

The National Statistical Office reported zero growth for the last quarter adding to dire warnings of recession from the Chambers of Commerce and CBI. Despite this, UK industrial crane maker Street Crane Company has recorded the highest ever order intake in …