Coal production up 9.9 percent in first halfOctober 13th, 2009 NEW DELHI - India's coal production in the first half this fiscal was 184.4 million tonnes, against 167.8 million tonnes produced in the corresponding period last year, reflecting a 9.9 percent growth. This was stated by Minister of State for Coal, Statistics and Programme Implementation Sriprakash Jaiswal after a review of the performance of Coal India Ltd (CIL) and its subsidiaries.
China Mobile says first-half profit up but growth slows amid competition, economic slumpAugust 20th, 2009 China Mobile first-half profit up 1.4 percentBEIJING — China Mobile Ltd., the world's biggest phone company by subscribers, said Thursday its first-half profit rose just 1.4 percent from a year earlier as growth slowed due to competition and an economic slump. Profit for the six months ending June 30 was 55.3 billion yuan ($8.1 billion), the Beijing-based carrier said.
Residents, businesses fear struggling day-labor centers will send jobseekers back to streetsAugust 2nd, 2009 Budget woes challenge day-labor centersPHOENIX — Until a day-labor center opened nearby, jobseekers in Keenan Strand's north Phoenix neighborhood used to drink from people's hoses, urinate on walls and duck behind bushes to escape triple-digit heat while waiting for work. Now the economic downturn is threatening the 6-year-old day-labor center and others like it around the country.
Geithner says US and China committed to building more stable and balanced global economyJuly 28th, 2009 Geithner says US and China seeking stabilityWASHINGTON — Treasury Secretary Timonthy Geithner (GUYT'-nur) says the United States and China are committed to building a more stable and balanced global economy. Geithner said in prepared remarks Tuesday that the two countries were determined to lay a foundation for more balanced growth once an economic recovery is firmly in place.
Coca-Cola sees 33 percent growth in IndiaJuly 21st, 2009 NEW DELHI - Coca-Cola has registered a 33 percent growth in sales in India during the second quarter ended July 3, the soft drink major said Tuesday. Supported by the high growth in India as well as China, the company also saw its revenues increase to $2.04 billion, or 88 cents per share, in the quarter under review, as against $1.42 billion, or 61 cents per share, earned in the year-ago period.
China's southern boomtown Dongguan posts 0.6 percent economic growth in first halfJuly 21st, 2009 Growth slumps in Chinese boomtown DongguanDONGGUAN, China — The southern Chinese boomtown of Dongguan posted economic growth of 0.6 percent in the first half — far off the pace of the 10 percent target for the year, a state-run newspaper reported Tuesday. The dismal growth figure marked a spectacular slowdown for Dongguan, which averaged about 20 percent annual economic growth since 1980 as it fed global demand for everything from toys and shoes to mobile phones and computers.
Chinese web users overtaken US users, hits 338 millionJuly 16th, 2009 BEIJING — More people now go online in China than there are people in the United States. The country's rapid economic growth and expansion of Internet access in more areas has fueled a sharp increase in Internet users, totaling 338 million by the end of June, a government-sanctioned research group said Thursday.
IMF raises Asia 2009 growth forecast on improved prospects for China, IndiaJuly 8th, 2009 IMF raises Asia 2009 growth forecastBEIJING — The International Monetary Fund has raised its 2009 growth forecast for Asia's developing economies from 4.8 percent to 5.5 percent but cautioned that a sustained rebound will depend on recovery in developed economies. The Washington-based cited improved prospects for regional giants China and India.
Planning Commission to moderate growth targetJuly 8th, 2009 NEW DELHI - The Planning Commission on Wednesday began the Mid-Term Review of its 11th Plan to moderate the nine percent growth target for the next five-year period. "We will have to moderate the growth target.
General Motors says China sales up 38 percent to record 814,442 in 1H on strong minivan salesJuly 1st, 2009 General Motors says China sales up 38 percentSHANGHAI — General Motors Corp. said Wednesday that sales in China jumped 38 percent in the first half of this year, helped by strong demand for its minivans and other small vehicles.
Despite new luxury home, 3 rare golden monkeys won't be coming to Los Angeles Zoo from ChinaJune 11th, 2009 China not sending 3 rare golden monkeys to LA ZooLOS ANGELES — The Los Angeles Zoo will not get a trio of rare golden monkeys from China as promised, after the city spent more than $7 million to build them a new home and hired a feng shui expert to see that it was suitable. City Councilman Tom LaBonge said Wednesday that withholding the monkeys was a decision by the Chinese government.
China Mobile 1Q profit up 5.2 percent but growth slows amid financial crisis, competitionApril 20th, 2009 China Mobile quarterly profit up 5.2 percentBEIJING — China Mobile Ltd., the world's biggest phone company by subscribers, said Monday its first quarter profit rose 5.2 percent but growth slowed due to China's economic slowdown and stronger competition. Profit for the three months ended March 31 was 25.2 billion yuan ($3.7 billion), compared with 24 billion yuan for the same period last year, the Beijing-based company said.
World Bank cuts China's 2009 growth forecast to 6.5 percentMarch 18th, 2009 BEIJING - The World Bank (WB) has cut its forecast for China's 2009 economic growth yet again, this time to 6.5 percent from 7.5 percent, it said here Wednesday. This is the second cut the WB has made for China's 2009 gross domestic product (GDP) growth forecast.
China will be able to achieve about 8 percent growth: PremierMarch 5th, 2009 BEIJING - China would be able to achieve the economic growth target of about eight percent in 2009 if proper policies and measures are taken, Premier Wen Jiabao has said. 'As long as we adopt the right policies and appropriate measures and implement them effectively, we will be able to achieve this target,' Wen told the Second Session of the 11th National People's Congress (NPC).
China auto sales rose 6.7 percent in 2008January 11th, 2009 BEIJING - Auto sales in China rose 6.7 percent in 2008 despite slackening sales on the global market, China Association of Automobile Manufacturers (CAAM) said Monday. It was the first non-double digit growth for Chinese auto sales since 1999.
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