From http://www.chinapost.com.tw/business/asia/singapore/2011/02/01/289856/Taiwan-raises.htm (in English)
Taiwan's Directorate General of Budget, Accounting and Statistics revised its former projection of economic growth for 2011 from 4.51% to 5.03%. This revision has been fostered by the sustained expansion of exports, which surged 11.1% from the previous year to reach a record high of US$305.1 billion.
Wednesday, February 9, 2011
Growth of Chinese economy in 2010 leads to increase in interest rates
From http://www.chinapost.com.tw/business/asia-china/2011/01/20/288422/Chinas-economy.htm and http://www.chinapost.com.tw/china/business/2011/02/09/290428/China-hikes.htm (in English)
Mainly due to investments in property, Chinese economy grew by 10.3% in year 2010. Experts worry about a potentially finantial bubble related to the property market, since a large portion of transactions are believed to be speculative. December inflation rate was 4.6%, which made the full year value reach 3.3%.
In order to prevent inflation from increasing to higher figures, in early February 2011 China's central bank has raised interest rates for the second time in just over a month, and for the third time since last October.
Mainly due to investments in property, Chinese economy grew by 10.3% in year 2010. Experts worry about a potentially finantial bubble related to the property market, since a large portion of transactions are believed to be speculative. December inflation rate was 4.6%, which made the full year value reach 3.3%.
In order to prevent inflation from increasing to higher figures, in early February 2011 China's central bank has raised interest rates for the second time in just over a month, and for the third time since last October.
Saturday, February 5, 2011
Slight growth of Catalan economy in the last quarter of 2010
From http://www.catalannewsagency.com/news/business/catalan-economy-grows-02-4th-quarter-2010 (in English)
Compared to the third quarter of 2010, Catalan economy grew 0.2% in the fourth quarter of last year. If compared with the fourth quarter of 2009, the growth represents 0.8%, but the data for entire 2010 is 0.2% lower than that 0f 2009. Industrial activity in 2010 grew by 2.5% and is leading this slight recovery, but it is not actively creating jobs yet.
Compared to the third quarter of 2010, Catalan economy grew 0.2% in the fourth quarter of last year. If compared with the fourth quarter of 2009, the growth represents 0.8%, but the data for entire 2010 is 0.2% lower than that 0f 2009. Industrial activity in 2010 grew by 2.5% and is leading this slight recovery, but it is not actively creating jobs yet.
Thursday, January 27, 2011
New decrease in Taiwan jobless rate
From http://www.earthtimes.org/articles/news/363911,taiwan-jobless-rate-december.html (in English)
December data showed a new decrease of Taiwan jobless rate until 4.73% year-on-year. 520,000 people are still unemployed, but this number is down by 112,000 workers from the same period in the previous year.
December data showed a new decrease of Taiwan jobless rate until 4.73% year-on-year. 520,000 people are still unemployed, but this number is down by 112,000 workers from the same period in the previous year.
Impact of chinese population in Spain - article on FT
Finantial Times is publishing an interesting piece on the growing impact of chinese population in Spain, a phenomenon that is simultaneous to the emergence of China as a world superpower. The article can be read on the following link - http://www.ft.com/cms/s/0/cccbd64c-258d-11e0-8258-00144feab49a.html
Wednesday, January 26, 2011
14% of new Spanish companies created in Barcelona province
From http://www.expansion.com/2011/01/25/catalunya/1295943365.html (in Spanish)
The slow recovery of Catalan economy is proven by the fact that 14% of the companies newly created in Spain were from Barcelona province and half of those (7.6%) in the city of Barcelona. Other notable figures are the increase of traffic of goods in both the port of Barcelona (growth of 2.62%) and in El Prat airport (growth of 16.5%) in 2010, and the increase by 14% of the income from touristic activities.
The slow recovery of Catalan economy is proven by the fact that 14% of the companies newly created in Spain were from Barcelona province and half of those (7.6%) in the city of Barcelona. Other notable figures are the increase of traffic of goods in both the port of Barcelona (growth of 2.62%) and in El Prat airport (growth of 16.5%) in 2010, and the increase by 14% of the income from touristic activities.
Tuesday, January 25, 2011
Chinese group Hutchison Whampoa increases participation in TerCat
From http://www.expansion.com/2011/01/16/catalunya/1295204423.html (in Spanish)
Chinese group Hutchison Whampoa Limited has increased its participation in the shipping & logistics company Terminal Catalunya S.A. (TerCat) up to 90% of its shareholding. TerCat holds the concession by the Barcelona Port Authority to operate the Prat pier container terminal, at the port of Barcelona. Through Hutchison Port Holdings (HPH), the world's leading port investor, developer and operator and subsidiary of the multinational conglomerate Hutchison Whampoa Limited, the investment in infrastructure is estimated at 515 million euros. The enlargement of these facilities will allow the management of 5 million containers per year by 2012, as compared to the present number of 2 million containers/year.
Chinese group Hutchison Whampoa Limited has increased its participation in the shipping & logistics company Terminal Catalunya S.A. (TerCat) up to 90% of its shareholding. TerCat holds the concession by the Barcelona Port Authority to operate the Prat pier container terminal, at the port of Barcelona. Through Hutchison Port Holdings (HPH), the world's leading port investor, developer and operator and subsidiary of the multinational conglomerate Hutchison Whampoa Limited, the investment in infrastructure is estimated at 515 million euros. The enlargement of these facilities will allow the management of 5 million containers per year by 2012, as compared to the present number of 2 million containers/year.
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