Daniel Ritort

Tag Archives: Chinese

Apple shares rise after Chinese iPhone deal

Shares in United States technology giant Apple have jumped 3% after it signed a deal to supply its iPhone to China Mobile. The Chinese firm is the world’s largest carrier and was one of three networks to be awarded China’s … Continue reading

China growth forecast raised by World Bank

The World Bank has raised its growth forecast for China arguing the stimulus measures and approval of infrastructure projects will help boost growth. It also added that the pick-up in factory output and investment suggested that China’s economy was bottoming … Continue reading

China’s industrial output and retail sales rise

Chinese economic growth rate may be gathering pace again, as the government released strong industrial output and retail sales figures. Analysts said this news was better than expected, and the strongest performance since March. According to the official data from … Continue reading

China confirms new government

Chinese ruling party has confirmed Xi Jinping as the man to lead China for the next 10 years. Xi Jinping replaces Hu Jintao, whose administration China has seen a decade of extraordinary growth. Xi led the new Politburo Standing Committee … Continue reading

China’s inflation in 30-month low

China’s inflation dipped to a 30-month low in July, giving policymakers a bigger cushion to boost stimulus measures to spur economic growth. Consumer prices rose by 1.8 percent in July, from a year earlier. That was down from 2.2 percent … Continue reading

Advertising boom boosts Baidu profits

China’s largest internet search engine profits jump as Chinese online advertising boom continues. Baidu has reported a 70 percent jump in profits in the second quarter thanks to continued growth in its advertising revenue. Baidu reported a net profit of … Continue reading

Mayor of Barcelona is promoting Chinese investment in Catalonia

Xavier Trias, Mayor of Barcelona, has completed a successful visit to China to promote investment in Catalonia. Throughout the visit Trias had meetings with various authorities and companies with the aim of attracting investments for key projects in Barcelona area. … Continue reading

China’s economic growth slows to 7.6 percent

China’s economy has grown at 7.6 percent in the second quarter, its slowest pace in three years. Analysts said that investment slowed and demand fell in key markets such as the United States and Europe. Gross domestic product rose by … Continue reading

Temasek to disinvest in Chinese banks

Temasek seeks to sell 2,400 million Dollars worth of its shares in two Chinese banks. Singapore’s Temasek Holdings is looking for an investor willing to buy shares in Bank of China and China Construction Bank. This is the second time … Continue reading

China loosens its strict control of the Yuan

China has loosened its currency controls in a move that is expected to push up the value of the Yuan. From tomorrow, the Yuan can fluctuate up to 1 percent in trading against the United States Dollar from a fixed … Continue reading

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