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Latest Economy of the People's Republic of China Stories

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...

2013-01-07 08:31:52

BEIJING, Jan. 7, 2013 /PRNewswire/ -- Recently, the term "urbanization" has become a key word discussed by economists and politicians, especially experts from the real estate industry, after a plan for promoting new "urbanization" was released by the 18th National Congress of Communist Party of China ("NCCPC") held on November 8, 2012. Experts predict that the real estate market in third-tier cities, the key areas for promoting urbanization, will have enormous potential for development. In...

2012-12-30 05:02:24

Lucintel´s Analysis of Growth Opportunities in China´s Composites Industry: Expect Market to Surpass $11 Billion in 2017 Irving, Texas (PRWEB) December 29, 2012 Despite global economic uncertainty and a downturn in the worldwide composite materials industry, China´s composites market grew by more than 2% through the worst of the recession in 2009. The Chinese market´s growth momentum is expected to surge, reaching approximately US $11.5 billion in 2017 with a CAGR of...