Author Archives: John Bishop

China will release 5 billion cubic meters of water from the Three Gorges Dam reservoir on the Yangtze River to combat the country’s worst drought in 50 years. The water is enough to fill about 2 million Olympic-sized swimming pools … Read More

Inflows to South Korea-related exchange-traded funds (ETF) in the first quarter grew at a torrid pace, boosting stock market gains. Exchange-traded fund issuer Blackrock said South Korea-related ETF inflows in the first three months of the year reached USD911.3 million, … Read More

China’s trade surplus widened last month as exports hit an April record. A 25.9 percent jump in exports to a record USD155.69 billion and sluggish imports pushed the trade surplus for the month to USD11.43 billion. The figure was four … Read More

A US trade official criticized China’s treatment of foreign businesses one week before a high-level economic dialogue between the two countries. US Commerce Secretary Gary Locke, who is tapped to be the next US ambassador to China, said that China … Read More

China’s economy will overtake the US economy by 2016, a much faster pace than many economists had previously forecast, according to data from the International Monetary Fund (IMF). The IMF forecast, issued as part of its semi-annual world economic outlook … Read More

Asian markets retreated on Tuesday after Standard & Poor’s (S&P) downgraded its outlook on US government debt. China’s Shanghai Composite Index fell 1.9 percent while Hong Kong’s Hang Seng Index declined 1.3 percent. The Indian Sensex dropped 0.5 percent while … Read More

China’s economy expanded by 9.7 percent in the first quarter of the year, down slightly from the 9.8 percent gross domestic product (GDP) growth recorded in the fourth quarter of 2010. However, inflation came in higher than expected at 5.4 … Read More

China’s gross domestic product (GDP) will grow by 9.6 percent this year and reduce further to 9.2 percent in 2012, the Asian Development Bank (ADB) said in its 2011 forecast. The Chinese economy expanded by 10.3 percent last year, overtaking … Read More

China’s government has taken steps to rein in its rare earth element (REE) industry. The ministry of land and resources said that China will cap total output at 93,800 tonnes in 2011, up 5 percent from last year. The government … Read More