China

jdjd

Crisis hit UK families’ savings rate harder than in Germany, China

LONDON | Lloyds TSB, the 40pc taxpayer-owned British bank, wondered how much savings UK families have and how this compare to Germany and China. Its researchers came up with some answers: the British household savings ratio (saving proportion of a consumer’s disposable income) has seen a steep downward trend over the past decade, in contrast with the other two countries. The results from Lloyds new survey were set alongside numbers…


gfdgf

Loosing hope in China as motto

The World Economic Forum’s Global Risks 2012 Report highlights dystopia as one of the major three risk cases. The concept is used to describe a scenario where literally “life is full of hardship and devoid of hope.” This is an ideal far away from the motto behind the Chinese Dream so insistently emphasised by the state’s propagandistic apparatus: prosperity will be achieved thanks to a society that works in unison…


No Picture

We better keep an eye on Chinese housing prices

By Julia Pastor | Given the changing global economy and its prospects for the coming months, all eyes are on China, where policies to curb real estate prices are beginning to take effect. According to official data from the national statistics office, that JP Morgan in Spain includes in its Friday report, in November, new housing prices in China fell by -0.17% MoM (although they are still at +2.3% YoY)…


No Picture

China’s foreign debt grows by 27% but “it’s safe,” say officials

China’s foreign debt totaled $697.16 billion at the end of September, a rise of 27 percent over the figure at the end of 2010, according to the foreign exchange regulatory officials of the Asian country. The short term debt accounted for 72.81 percent of the total, amounting to $507.63 billion, underlines the State Administration of Foreign Exchange on its official website. In addition, the institution explained that 75.81 percent of…


No Picture

Portugal sells EDP’s stake to China to reduce debt

The government of Portugal has sold to the Chinese company Three Gorges Corporation a package of shares representing 21.35% of the social capital that the state held in the Portuguese electrical company Energias de Portugal (EDP), in exchange of a payment of €2.693 billion, according to information provided by the government investment company Parpública to the Portuguese market supervisor, CMVM. The Portuguese executive explains that its choice was based of…


No Picture

China leads patent filing, but US and EU companies are more innovative

LONDON | By tracking published patent applications, examining real-world trademark and copyright infringement issues and comparing the government policies and long-term innovation strategies of China to other world leaders, Thomson Reuters research suggests that although China leads the world in patent and trademark filings, its status as a global player still faces challenges. The following are some of the key findings of the new research: China Now Leads World in…


No Picture

Santander Consumer Finance signs joint venture with Chinese JAC

Santander Consumer Finance has signed in Hefei, Anhui Province, an agreement with Chinese car manufacturer Anhui Jianghuai Automobile Co., Ltd (JAC) to create an independent company to provide auto financing in the Chinese market. Under the accord, Santander Consumer Finance and JAC will each have a 50% stake in the new company and will each name three members to the board of directors. The consumer finance unit of Banco Santander…


No Picture

China suppliers forced to seek business beyond Western Europe

China suppliers are boosting overseas shipments to emerging markets amid slowing orders from the EU as the region tackles its debt crisis. This is according to a survey of 581 exporters by Global Sources. In the months ahead, 42 pc of survey respondents expect to strengthen their footholds in South and Latin America, the Middle East, Africa, Eastern Europe and the Asia-Pacific region. Craig Pepples, Global Sources’ President of Corporate Affairs, said: “China suppliers are already taking proactive measures to…


No Picture

Weekend link fest

A curated selection of links we hope can enlighten us all; some come from our corner, some do from other corners of the net. And as always, our comment widgets are anxious to get your suggestions: Humor: What service the next president of Spain should call for… Europe is developing rescue fatigue Get used to the euro crisis: it’s the new normal China worried about banks’ loans to construction companies and…


No Picture

NH moves into China searching for growth

China's HNA Group and Spain's company NH Hoteles announced the set up in 2012 of a hotel management company in China. HNA will inject €330 million into the Spanish company by December 15, according to the terms of the deal. The joint venture signals NH's use a growth strategy through low-risk deals, such as management of third-party owned hotels, to expand its business. Spain's NH Hoteles (see graphic with key financials) ranks…