July 26, 2010 (Chinavestor) Summertime is the time for corn on the cob. Whether or not that all-American delicacy becomes popular in China is another story, but it is obvious China likes corn as illustrated by news from the U.S. Grains Council, which said China will import 15 million tons of corn by 2015.
July 22, 2010 (Chinavestor) Citigroup (NYSE:C) lowered its 2010 China GDP growth estimates to 9.5% from 10.5% after China disappointed global investors with GDP growth of 10.3%. That followed 11.9% growth in the first quarter. Citigroup (NYSE:C) also lowered its forecast for the U.S. and emerging markets for 2010 and 2011 while its 2011 outlook for Japan, the second-largest economy in the world.
July 21, 2010 (Chinavestor) HSBC (NYSE:HBC) said China isn't likely to relax efforts aimed at preventing a real estate bubble anytime in the near future. Beijing has implemented three increases to bank reserve ratios this year and has introduced more stringent downpayment requirements for second- and third-time home buyers.
July 20, 2010 (Chinavestor) Biggest country by population. Third-largest economy in the world. The fastest-growing major economy in the world. Add top energy consumer in the world to list of interesting economic statistics that can be applied to China as the International Energy Agency (IEA) is reporting that China has surpassed the U.S. as the top consumer of energy products such as coal and oil.
July 19, 2010 (Chinavestor) First it was slower GDP growth. Now Beijing is saying China's export growth will slow in the second half of this year to a rate of 16.3% compared with growth of 35% in the first half of 2010. Weaker export growth may be the impetus Chinese authorities need to limit the Yuan's appreciation against the U.S. Dollar because a strong Yuan could be viewed as a threat to Chinese exporters.
