Statistics from steel consultancy website mysteel.com show that steel prices have kept on rising since November of last year for 3months.

Zhang Tieshan, the analyst of the website said that the increase of steel prices was attributed to the rebounding demand. The steel products that have increased prices include about 30 sorts.

Zhang said almost all the steel product prices have increased. Read more…

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China, demand, economy, price, steel, supply

According to an industry association, after continuing to fall in the first half of this year, the economy will pick up in the third quarter.

The first two quarters will be the most difficult time for the industry. And from the end of the second quarter, the power demand, a barometer of the country’s economy Read more…

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barometer, China, demand, economy, GDP, industry, power

As a result of shrinking demand overseas, exports and foreign direct investment (FDI) of China both decreased in November. This phenomenon sends new signs of economic weakness and reminds us of the crying need to take more measure to develop our economy.

As Customs authorities said, exports decreased to $114.99 billion by 2.2 percent in November, and it was the Read more…

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China, demand, economy, export, FDI, measure

According to experts, the main focus for Chinese government to stabilize the real estate market lies in the stimulation of the private housing demand and the strengthening of the low-cost housing building.

Qin Xiaomei ,research chief at CB Richard Ellis’ Beijing branch, said ,”The government are definitely concerned about how to keep the real estate market stable ,particularly at a time when the country’s economy has an increasing risk Read more…

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China, demand, economy, government, market, real estate

According to bankers and economists, next year, profitability of Chinese banks will be under pressure after lending rates are reduced.

The measures were announced by the central bank last week who had cut the reserve money requirements for banks and removed curbs on lending. These moves will squeeze interest spread of banks as well as Read more…

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bank, China, demand, economy, plan, stimulus

As Boeing sees the demand for light-weight materials rising substantially, the aircraft maker said on Nov 19 that it would invest $21 million to expand the capacity of its composite material joint venture in Tianjin. The company will increase the capacity of Boeing Tianjin Composites Co Ltd by 60 percent and add workforce from 600 to 1,000 by 2013.

By acquiring the 40 percent share held by advanced composites maker Hexcel Corp, Boeing boosted its stake in the joint Read more…

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Boeing, China, demand, light, material, project, Tianjin

Presided by Premier Wen Jiabao, a State Council meeting has resolved that it is necessary to adopt “proactive” fiscal and “moderately loose” monetary policies now. The government has cleared a 4 trillion-yuan ($586 billion) investment package to stimulate domestic demand and boost the slowing economy till 2010.

The Nov 5 statement marked an end to the previous prudent policy because of the increasing risk of slowing down further. According to Zhang Read more…

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$586b, demand, economy, investment, package, policies

According to the Shanghai-based China Business News, the transport ministry is planning to spend 5 trillion yuan ($730 billion) on road and port infrastructure projects over the next three to five years, in a bid to stimulate domestic demand.

In accordance with the saying that the massive spending was being considered as “such investment can produce an immediate effect (on domestic demand)”, an anonymous source with the ministry was cited.

The report said the 5 trillion yuan figure includes funds the government had already planned to be used for highway construction projects.

It also said, about 140 billion yuan will be spent on roads each year during the 11th Five-Year Plan period (2006-10), and 100 billion yuan a year during the 12th Five-Year Plan period (2210-20). Read more…

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$730b, demand, domestic, infrastructure, stimulate

As the global economic slowdown and decreasing demand in main international markets, international trade in China is lessening gradually.

The country may bear more uncertainties in export and import business because of the worsening situation in the international market.

In the first eight months of the year, China’s exports increased to $937.7 billion by 22.4 percent and 3.3 percent less than last year. Imports were up to 785.7 billion by 30 percent, 10.4 percent than 2007.

Owing to the growth in exports decreasing while imports were increasing, the country’s trade surplus decreased to $152 billion, $10 billion less than the year 2007.

At the same time, China’s exports to U.S.A. just increased by 10.6 percent, Read more…

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demand, economic, exporter, global, slowdown

According to economists, the real causes of the huge spikes in international commodity prices are the weak dollar and speculation rather than the so-called China factor that China’s rapid economic growth has indeed increased demand for commodities in general.

As a recent Economist article points out, the low prices of Chinese products, thanks to its low manufacturing costs, have contributed to stabilizing prices across the globe. “China helped to hold down Read more…

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China, commodities, demand, energy, price