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UBS, JPMorgan turn positive on China realty

By Chua Kong Ho and Chen Shiyin     Brokerages increasingly optimistic about sector they say is undervaluedSHANGHAI: UBS AG and JPMorgan Chase & Co turned positive on Chinese property stocks, saying the plunge in share prices this year has made them cheap and concern over tigh... >>

China to focus on energy restructure in 2010

China would put more emphasis on adjusting its energy structure this year with focus on renewable energy and nuclear power, director of China's National Energy Administration (NEA) said in Beijing Tuesday. Zhang Guobao, also vice-minister of the National Development and Reform Commission and ... >>

Urbanization, income gulf may put nation in economic peril

By Yi Xianrong With the annual session of the Chinese People's Political Consultative Conference (CPPCC) National Committee opening today and the session of the National People's Congress (NPC) approaching, people online have grown more interested in the potential topics at the two sessions, f... >>

China depending more on imported oil

China\'s oil imports will continue to see solid growth this year, with more than half of the country\'s total oil consumption coming from abroad, industry insiders said. It is inevitable for the country - the world\'s second largest oil consumer - to see a robust increase of imports, as domestic ... >>

Binhai area plans huge GDP growth

The newly reshuffled Tianjin Binhai New Area made a stunning debut as an independent administrative body at the Tianjin People\'s Congress this year, rather than as several separate district delegations.The recently streamlined administrative area is poised to achieve an unprecedented GDP year-on... >>

Nation's largest oil tanker set to sail

    The most sophisticated supertanker ever designed and built by a Chinese shipyard, Xin Pu Yang, is about to start its maiden voyage from Guangzhou later this month, media reports said. The ship is believed to be the largest oil tanker in the world, three times the size of an aircra... >>

Balancing act for post-crisis era

The global economy has shown signs of shaking off the prolonged downturn and taking a turn for the better following a raft of stimulus packages unveiled by various governments over the past year. The US, Japanese and European economies, which staggered under the weight of the worst global financi... >>

The 'China answer' to crisis

An article in the People's Daily on Jan 5 authored by Ren Zhongping explains why China is the first country to recover from the financial crisis and is becoming a new growth engine of the world. Excerpts: The world economy experienced unprecedented ups and downs in 2009 because of the internation... >>

Creating a balancing act in 3E

The global economy that is just emerging from an unprecedented recession in decades is expected to start a journey in the new year toward resurgence and structural re-adjustment. But the annual 3 percent growth rate average in global energy consumption over the past 100 years should dampen the pr... >>

Glowing perceptions of recovery far from reality

We are at a moment when the range of uncertainties facing the global economy is unusually wide. We have just passed through the worst financial crisis since World War II. The only relevant comparisons are with the Japanese real-estate bubble, which burst in 1991 (and from which Japan has not recove... >>


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