Chinese economy

• After studying the economy and lowering his economic forecast based on numerous sources, both from the government and independent firms, Sasha Cekerevac, contributor to Profit Confidential, concludes the Chinese economy may soon crash.
(YAHOO!)
• Despite a still uncertain global economy, many travelers worldwide are planning to spend more on their vacations this year compared with last year, with Chinese vacationers expected to be the biggest spenders of all.
(Los Angeles Times)
• BEIJING — China's Premier Wen Jiabao has vowed to prevent an interest rate cut aimed at stimulating economic growth from igniting a new bout of real estate speculation that would push up housing costs.
(Washington Post)
• HONG KONG — As the Chinese economy continues to sputter, prominent corporate executives in China and Western economists say there is evidence that local and provincial officials are falsifying economic statistics to disguise the true depth of the troubles.
(New York Times)
• The emerging economy of China, which is rapidly rising in the Southern African Development Community (SADC), has sparked growing concerns regarding unethical business behaviour.
(AllAfrica.com)
• Agencies cited Mr Hong Lei foreign ministry spokesman as saying that Chinas import of crude oil from Iran through normal channels is to meet the needs of its economic development. The import is completely legitimate and justified.
(SteelGuru)
• Companies and investors are closely watching the world's second-largest economy for signs of a further slowdown which could have global repercussions by hurting Chinese demand for goods from the United States, Europe and other struggling economies.
(Washington Post)
• "It's clear the slowdown of export growth as a result of weakness in Europe and the U.S. continues to weigh on the Chinese economy," said Lu Ting, an economist at Bank of America Corp. in Hong Kong.
(San Francisco Gate)
• That might hamper reforms the World Bank and others say are needed to keep the economy growing by curbing state industry and nurturing free-market competition and more dynamic private companies.
(Minneapolis Star Tribune)
• Similar changes are happening in the metallurgy and building materials industries. Since the financial turmoil, the weaknesses of the Chinese economy -- its excessive dependence on external demand -- have been exposed.
(China Economic Net)