THE Asian Development Bank yesterday lowered its projection of China's 2012 economic growth for the second time in three months, citing weak growth in Europe and the United States. China's gross domestic product is estimated to expand 8.2 percent from a year earlier in 2012, compared with an April forecast of 8.5 percent, the Manila-based [...]
The rising medical costs linked to tobacco-related sickness and deaths, along with the aging of the Chinese population, may cripple the country's social security system in just two decades, a tobacco control official warned Thursday. Tobacco-linked deaths have been on the rise over the past decade and are expected to reach a peak between 2025 [...]
China hopes the United States will respect the interests and concerns of China and other countries in the Asia-Pacific region, Foreign Minister Yang Jiechi said on Thursday. Yang made the remarks as he met US Secretary of State Hillary Rodham Clinton in Cambodia. The region is where the interests of China and the US are [...]
Oil and telecoms companies' profit margins are far below that of their foreign counterparts' (Beijing) – Seventy-nine companies from the mainland, Hong Kong, Taiwan and Macau made this year's Fortune Global 500, second only to the United States' 132. However, the profitability of mainland Chinese companies was below average. Seventy of the companies were from [...]
Deflation unlikely to threaten as full-year economic growth is expected to reach 8 percent China is unlikely to experience deflation this year as a rebound in economic growth is in the cards for the second half, a leading economist said on Thursday amid increasing concern sparked by the recent drop in inflation and the economic [...]
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