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Latest Economy of the People's Republic of China Stories

2012-08-08 10:26:18

BEIJING and CHANGGE, China, Aug. 8, 2012 /PRNewswire-Asia/ -- Zhongpin Inc. ("Zhongpin" or the "Company," Nasdaq: HOGS), a leading meat and food processing company in the People's Republic of China, today reported higher sales revenues and lower net income for the three months ended June 30, 2012 compared with the second quarter 2011. Second quarter 2012 highlights: Total sales revenues increased 11.4% to $408.2 million for the three months ended June 30, 2012 from $366.5 million...

2012-07-31 06:22:26

BEIJING, July 31, 2012 /PRNewswire-Asia/ -- Huaneng Power International, Inc. ("HPI", the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced its unaudited operating results for the six months ended June 30, 2012. For the six months ended June 30, 2012, the Company and its subsidiaries recorded consolidated operating revenue of RMB 67.180 billion (equivalent to approximately USD 10.622 billion based on the USD-RMB exchange rate of USD 1 to RMB 6.3249 as of June 30,...

2012-07-26 06:21:19

TULSA, Okla., July 26, 2012 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has significantly increased the partnership's quarterly cash distribution to 94.25 cents per unit for the period April 1 through June 30, 2012, representing the 41(st) distribution increase since its initial public offering in 2001. The second-quarter 2012 distribution is 20% higher than the second-quarter 2011 distribution of 78.5 cents per unit and represents a 12%...

2012-07-23 02:21:51

SINGAPORE, July 23, 2012 /PRNewswire/ -- China's apparent oil demand* fell for the first time in three years in June, dropping 1.9% year on year to 36.84 million metric tons (mt), or an average 9.0 million barrels b/d, a just-released Platts analysis of recent Chinese government data showed. The 178,400-b/d fall from June 2011's apparent demand of 9.18 million b/d was the first contraction since a 2% drop in the first quarter of 2009 in the wake of the global financial crisis. On a daily...

2012-05-09 10:27:00

BEIJING and CHANGGE, China, May 9, 2012 /PRNewswire-Asia-FirstCall/ -- Zhongpin Inc. ("Zhongpin", Nasdaq: HOGS), a leading meat and food processing company in the People's Republic of China, today reported higher sales revenues and lower net income for the three months ended March 31, 2012 compared with the first quarter 2011. First Quarter 2012 highlights: Sales revenues increased 31% to $374.1 million in the first quarter 2012 from $285.8 million in the first quarter 2011. Net income...

2012-04-27 02:21:22

COLUMBUS, Ohio, April 27, 2012 /PRNewswire/ -- Oxford Resource Partners, LP (NYSE: OXF) (the "Partnership" or "Oxford") declared a cash distribution of $0.4375 per common unit for its first quarter ended March 31, 2012, consistent with its previously announced expectation regarding continued payment of the minimum quarterly distribution to common unitholders. The Partnership also declared a reduced cash distribution of $0.10 per subordinated unit for its first quarter ended March 31, 2012....

2012-04-24 18:20:15

BEIJING, April 24, 2012 /PRNewswire-Asia/ -- Amid rising costs and moderating economic growth, there is increasing urgency for China to enact market reforms in order to transition to a more innovative and sustainable economic model, according to the 2012 State of American Business in China White Paper released by the American Chamber of Commerce in the People's Republic of China (AmCham China). AmCham China members remain strongly committed to business growth and participation...

2012-04-23 18:20:12

BEIJING, April 23, 2012 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for China increased 0.8 percent in March to 230.6 (2004 = 100), following a 1.0 percent increase in February and a 2.1 percent increase in January. Three of the six components contributed positively to the index in March. "While the China LEI in March continued to increase and its six-month growth rate remained steady, this month's reading supports a continued slowing of the economy," says Andrew...

2012-03-29 22:21:36

HONG KONG, March 30, 2012 /PRNewswire-Asia/ -- Sinopec Shanghai Petrochemical Company Limited ("Shanghai Petrochemical" or the "Company") (HKEx: 00338; SSE: 600688; NYSE: SHI) today announced the audited operating results of the Company and its subsidiaries (the "Group") prepared under International Financial Reporting Standards ("IFRS") for the year ended December 31, 2011 (the "Year"). According to IFRS, turnover of the Group for the Year amounted to RMB 95,518.9 million, representing an...

2012-03-21 10:22:11

COLUMBUS, Ohio, March 21, 2012 /PRNewswire/ -- Oxford Resource Partners, LP (NYSE: OXF) (the "Partnership" or "Oxford") today reaffirmed that it expects to continue to pay the minimum quarterly distribution to its common unitholders and provided business and financial outlook updates for 2012. Overview Oxford expects to pay its minimum quarterly distribution of $0.4375 per unit to its common unitholders throughout 2012 with the first quarter 2012 distribution expected to occur on May...