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Bank of New York Mellon Constructive On Chinese Banks

Bank of New York Mellon Constructive On Chinese Banks

July 27, 2010 (Chinavestor) Bank of New York Mellon (NYSE:BK), the world's largest custodian bank, made positive remarks about Chinese banks, noting that the country's banks are "well capitalized" and that steps taken by China's banks to raise additional capital are "important." China's banks are looking to boost capital reserves after boosting lending as part of the country's 2009 stimulus plan.

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China To Up Corn Consumption

China To Up Corn Consumption

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.

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Citigroup Pares Growth Outlook For China

Citigroup Pares Growth Outlook For China

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.

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Don't Bet On Easing Of China Property Policy, HSBC Says

Don't Bet On Easing Of China Property Policy, HSBC Says

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.

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China Now The World's Top Energy Consumer

China Now The World's Top Energy Consumer

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.

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