Premier: No Hard Landing for China
There will be no hard landing for China’s (FXI, quote) economy, Premier Li Keqiang said yesterday. It will continue to grow at a medium to high pace in the long term.
FXI
Chinese are drinking more coffee
A Chinese person drinks on average five cups of coffee a year. In a small town of south China’s Hainan province, this rises to 200 a year. The figure, which is comparable to the world’s average of 240 cups, has impressed international coffee dealers who are seeking to take a share of the market in China.
Brent Steady On Promising Global Appetite
Brent crude oil (BNO, quote) was steady above $108 as encouraging data from the world’s top two consumers helped raise the global demand outlook.
Foreign tech firms pose Internet threat (China)
Foreign technology services providers such as Google (GOOG, quote) and Apple (AAPL, quote) can become cybersecurity threats to Chinese users, security analysts said, one week after China (FXI, quote) announced that it will put in place a security review on imported technology equipment.
13.5 GW Of Solar PV Estimated For China This Year
IHS, a market research group, has updated its forecast for China and estimated that China will install about 13.5 GW of solar PV this year. Approximately 4 GW of that will be distributed PV, based on updated projections made after a poor first quarter…
New home sales weak on sluggish pace
New home sales in Shanghai remained below the 200,000-square-meter threshold for the seventh consecutive week in a local market still beset by sluggish momentum.
China’s Windows 8 ban catches Microsoft off guard
China’s (FXI, quote) ban on Microsoft Corp’s Windows 8 operating system in new government computers was “extremely unexpected”, the US software giant said.
Baidu sets up research lab in Silicon Valley
China’s (FXI, quote) largest search engine provider Baidu Inc has set up an artificial intelligence laboratory in Silicon Valley in the United States to boost its research work to catch up with Internet giants like Google and Apple.
China Moves Forward With Free Trade
China moves forward on its Free Trade initiatives by setting up “pilot zones” in several regions. The announcement came overnight from the office of Long Guoqiang at the General Office of the Development Research Center or DRC.
GSK probe reveals bribes and lies
The bribery investigation of GlaxoSmithKline (GSK, quote) China (FXI, quote) has been completed and the case handed over to prosecutors, Changsha police said on Wednesday.