Tag Archives: China

World begins to make use of China’s microblogs

Posted by on November 28, 2011 Comments Off
With China being the place to find an believed 458 million internet customers, it’s not surprising to understand the world in particular continues to be looking for a method to achieve that audience.What’s surprising, though, is simply the number of people from other countries — and foreign organizations — are beating a road to this door and just how popular they’re quickly becoming with Chinese “fans.”

Figures launched a week ago through the leading Chinese internet portal Sina claim you will find now eight million “overseas based” microblog accounts held on its Weibo service, landmass China’s version of Twitter, which itself has been suspended in the united states.

An believed 40 % of China’s massive internet community uses microblogging, or weibo, sites — supplied by the kind of Sina and Tencent — which market is viewed as wealthy pickings because of not only foreign celebs and sports athletes attempting to push their “brand” however for foreign nations and organizations also attempting to spread their messages through the country. Read more »

U.S China’s currency manipulator report slow down

Posted by on October 17, 2011 Comments Off

WASHINGTON (Reuters) – The U.S. Treasury said on Friday it would be important to the global meeting this year due to a decision about whether China was manipulating Saturday its currency to gain an unfair advantage to delay trading.

The decision, the sixth semi-annual report to Congress under the Obama administration’s delay came days after the Senate approved a project that Beijing allow its yuan appreciation pressure goals faster.

The delay “give us an opportunity to assess progress after several international meetings,” the Treasury Department said in a statement. Read more »

China trade growth slows amid the global downturn

Posted by on October 13, 2011 Comments Off

Exports rose 17.1% in September, from a year earlier, but fell from a 24.5% growth in the previous month. Meanwhile, imports rose 20.9%, down from a 30.2% jump in August. It left the trade surplus at $14.5bn (£9.2bn).

The data comes amid fears that a slowdown in the global economy will hurt China’s export-dependent growth. Analysts warned that given the uncertainty surrounding global economic growth, China’s trade may slow even further in the coming months.

“Export growth in September was much lower than market expectations, showing the spluttering external economy,” said Wang Hu, of Guotai Junan Securities.

“We expect the slowing export trend to continue in the coming months,” he added.