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Latest Economy of the People's Republic of China Stories

2013-04-17 08:26:55

New Oxford University Press Book, "Subsidies to Chinese Industry: State Capitalism, Business Strategy and Trade Policy" NEW YORK, April 17, 2013 /PRNewswire/ -- Why did China frequently move in a couple of years, in capital-intensive industries with no labor-cost advantage, from bit player and net importer to largest manufacturer and largest exporter in the world? Why have so many industrialized countries become primarily exporters of commodities and scrap to China? And how is this...

2013-03-26 12:30:54

BEIJING, March 26, 2013 /PRNewswire/ -- Evergrande Real Estate Group, the leading real estate enterprise in China, issued the performance report in 2012 in Hong Kong on March 26, 2013. Under the rigorous macro-control market background of domestic real estate market, Evergrande maintains stable and healthy development trend with superior development strategy, market positioning in line of rigid demand and marketing strategy of small profits but quick returns, with several critical indexes...

2013-03-11 16:26:54

GUANGZHOU, China, March 11, 2013 /PRNewswire/ -- The National People's Congress and the Chinese People's Political Consultative Conference of great concern draws to an end. The first session of the 12(th) National Committee of the CPPCC of China will be concluded on March 12(th). On March 11(th), standing committee members were selected by the 12(th) National Committee of the CPPCC of China. Two chairmen from two enterprises listed in Hong Kong were selected as new members. They are Chairman...

2013-02-06 12:24:54

NEW YORK, Feb. 6, 2013 /PRNewswire/ -- General uncertainty is the biggest challenge executives expect related to the fiscal cliff in 2013 (45.1 percent), according to a recent Deloitte online poll. (Logo: http://photos.prnewswire.com/prnh/20120803/MM52028LOGO-a) (Logo: http://photos.prnewswire.com/prnh/20120803/MM52028LOGO-b) "Even though markets responded immediately to the fiscal cliff deal, there is still more work to be done," said David Williams, chief executive officer, Deloitte...

2013-02-05 04:20:22

SHANGHAI, Feb. 5, 2013 /PRNewswire/ -- In recent years, the rapid development of China's economy has not only improved people's quality of life on a grand scale, but has also led to a massive boom in domestic tourism. People are now looking to explore the country and see all its famous mountains and rivers, as well as appreciate the local conditions and customs of its ethnic groups. Internationally, with the strengthening of China's image and various international events...

2013-01-30 08:22:07

SINGAPORE, Jan. 30, 2013 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company"), announced today that its wholly owned subsidiary Venture Lewis Limited ("VLL") has entered into a loan agreement with HL Global Enterprises Limited ("HLGE") ("2013 Loan Agreement") for the extension of a loan of S$75,000,000 ("Loan") to HLGE. The original amount of the Loan was S$93,000,000 which was granted to HLGE in February 2009 to refinance the zero coupon,...

2013-01-29 08:23:14

COLUMBUS, Ohio, Jan. 29, 2013 /PRNewswire/ -- Oxford Resource Partners, LP (NYSE: OXF) (the "Partnership" or "Oxford") determined, based upon continued weakness in the coal markets, to suspend the cash distributions on both its common and subordinated units for its fourth quarter ended December 31, 2012. In making this decision, the Board concluded that it was in the best interests of the Partnership to further preserve liquidity. Despite the challenging environment, the Partnership...

2013-01-28 16:21:32

RADNOR, Pa., Jan. 28, 2013 /PRNewswire/ -- The Board of Directors of PVR GP, LLC, the general partner of PVR Partners, L.P. (NYSE: PVR) ("PVR"), today declared a quarterly cash distribution of $0.55 per common unit payable on February 14, 2013 to unitholders of record on February 8, 2013. The common unit cash distribution, which equates to an annualized rate of $2.20, represents a 1.9% increase over the prior quarter and a 7.8% increase over the distribution paid with respect to the fourth...

2013-01-28 08:29:59

PEORIA, Ill., Jan. 28, 2013 /PRNewswire/ -- Despite economic and political uncertainty in the United States, continued economic turmoil in much of Europe and slower growth in China, Caterpillar Inc. (NYSE: CAT) today announced record 2012 sales and revenues of $65.875 billion, an increase of 10 percent from $60.138 billion in 2011. Profit per share of $8.48 was also an all-time record, including the impact of the previously announced goodwill impairment charge of $0.87 per share related to...

2013-01-23 08:22:52

SINGAPORE, Jan. 23, 2013 /PRNewswire/ -- China's apparent oil demand* rose 7.7% year on year in December to 44.76 million metric tons (mt), or an average 10.58 million barrels per day (b/d), the highest on record, according to Platts analysis of recent Chinese government data showed. "Last month we saw strong growth in China's oil demand of 7.7%, which was higher than the 4.6% increase in December 2011. Part of this was due to a stronger economic performance, which boosted demand for raw...