20 Jan '11, 3am

China says economy grew 10.3% in 2010

BEIJING: China said Thursday that its economy grew 10.3 per cent in 2010, marking the fastest annual pace since the onset of the financial crisis and underlining the country's growing might. Gross domestic product in China rose by 9.8 per cent in the fourth quarter, exceeding analyst expectations, while consumer inflation lost a bit of steam in December as Beijing moved to rein in soaring prices. The 2010 GDP figure, up from a revised 9.2 per cent growth in 2009, highlighted China's powerful performance in a year when it overtook Japan to become the world's second-largest economy behind the United States. "Currently the economy is in a critical period of transforming from recovery to stable growth," Ma Jiantang, Commissioner of the National Bureau of Statistics, told reporters. Ma said China would step up efforts to transform the country's "economic growth pattern" -- refe...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

Tweets

China economy may grow 9.8% in 2011

China economy may grow 9.8% in 2011

channelnewsasia.com 23 Jan '11, 8am

BEIJING: A Chinese government think tank has forecast the nation's economy will grow around 9.8 per cent this year, with i...

US banks show recovery in 2010

US banks show recovery in 2010

channelnewsasia.com 21 Jan '11, 11pm

NEW YORK: Business bounced back at the major US banks in 2010, with most showing improved earnings, but some of the larges...

Global economy to slow in 2011: World Bank

channelnewsasia.com 13 Jan '11, 12am

WASHINGTON: The World Bank on Wednesday forecast that the global economy will slow in 2011, and warned that rising commodi...

Money - Taiwan economic growth at 23-year high ...

straitstimes.com 01 Feb '11, 2am

TAIPEI - TAIWAN'S economy grew by 10.47 per cent in 2010, a 23-year high, but it will slow to half that figure in 2011, th...

China to US: Boost exports to trim surplus

China to US: Boost exports to trim surplus

channelnewsasia.com 22 Jan '11, 1am

CHICAGO: China said Friday it would welcome greater US exports to the fast-growing Asian economy, rejecting blame for its ...

About 2.556 billion passenger trips are expecte...

straitstimes.com 19 Jan '11, 5am

Passengers queue up to board a train at a railway station. -- PHOTO: AFP SHANGHAI - THE world's biggest annual migration o...

The Philippine economy grew at its fastest pace...

straitstimes.com 31 Jan '11, 8am

MANILA - THE Philippine economy grew at its fastest pace last year since democracy was restored more than two decades ago,...

South Korea economy posts strong jobs growth

channelnewsasia.com 12 Jan '11, 3am

SEOUL: South Korea's economy added jobs in December at the fastest rate for seven months as manufacturers boosted hiring a...

China PM Wen Jiabao has urged citizens to voice...

straitstimes.com 26 Jan '11, 4am

BEIJING - STATE media is reporting that China's premier has urged citizens to voice their criticisms of the government and...

ANZ Bank names new CEO for China business - Str...

straitstimes.com 20 Jan '11, 9am

SYDNEY - AUSTRALIA and New Zealand Banking Group, which is expanding in Asia, named Charles Li from Royal Bank of Scotland...

HK remains world's freest economy

channelnewsasia.com 12 Jan '11, 10am

HONG KONG: Hong Kong remained the world's freest place to do business for the 17th year in a row in an annual US league ta...

The overall cost of living in S'pore rose by 2.8 per cent for the whole of 2010

The overall cost of living in S'pore rose by 2....

straitstimes.com 24 Jan '11, 5am

Transport costs saw the largest CPI increase in 2010, up 10.3 per cent compared to 2009. -- PHOTO: ST FILE THE overall cos...

China's state media censors Hu Jintao's white house comments on human rights, focus on pomp and cirumstance

China's state media censors Hu Jintao's white h...

straitstimes.com 20 Jan '11, 5pm

The visit by Chinese President Hu Jintao to the United States on Thursday was widely reported by the state media. -- PHOTO...

China's development loans beat World Bank: BEIJ...

channelnewsasia.com 18 Jan '11, 3am

BEIJING: China has lent more money to other developing countries in the past two years than the World Bank has -- a sign o...

BHP says coal output fell 30% in Australia floods

channelnewsasia.com 20 Jan '11, 4am

SYDNEY: Devastating floods in Australia's Queensland state have slashed production of steelmaking coal by 30 per cent in t...