China
Inflation Eroding China's Bank Deposits Signals Zhou Must Increase Rates China’s inflation rate outstripped
returns on household savings for the first time in 16 months,
making it harder for officials to damp rising expectations for
price gains.
China Will Seek to Limit Inflation Rate to 5%, Morgan Stanley's Roach Says China won’t allow its inflation
rate to exceed 5 percent, said Stephen Roach, chairman of Morgan
Stanley Asia Ltd., after a report today showed the country’s
consumer prices rose at the fastest pace in 16 months.
Sun Hung Kai Profit Gains 44%, Beating Estimates, on Higher Margins, Rents Sun Hung Kai Properties Ltd., the
world’s largest builder by market value, said fiscal first-half
underlying profit rose a more-than-expected 44 percent on wider
margins on real estate sales and increased rental income.
Capitaland Says China Property Boom Not a Bubble as House Prices Climb 11% CapitaLand Ltd., which has Chinese
properties valued at more than $14 billion, said demand in China
is “strong” and the real estate boom can’t be called a bubble.
Copper May Advance to Record on Chinese Demand, Sucden's Goldwyn Forecasts Copper may rise to a record this
year, possibly surpassing $9,000 a metric ton, driven by larger-
than-expected imports by China and a revival of demand in Europe
and the U.S., according to Sucden Financial Ltd.
Morgan's Roach Says China Moving Toward Consumption-Driven Economic Model Chinese policy makers plan to move
toward a consumption-led model of economic development and away
from dependence on exports, said Stephen Roach, chairman of
Morgan Stanley Asia Ltd.
Television Broadcasts Suspends Four Workers Amid Corruption Investigation Television Broadcasts Ltd.,
operator of Hong Kong’s biggest TV station, suspended four
employees amid an investigation by the city’s anti-graft agency
into alleged “corrupt practice.”
Price of Chinese-Made Autos Rise in February by Most in at Least 4 Years China’s vehicle prices rose the
most in at least four years in February as consumers took
advantage of government incentives to buy new cars and trucks,
contributing to a 16-month-high rate of inflation.
Subway Plans to Open 500 Stores Across China in Five Years, Chairman Says Subway, the U.S.-based
sandwich-shop chain, plans to open 500 stores in China
during the next five years as it tries for a bigger share
of the fast-food market there, said co-founder Fred DeLuca.
India's Stalled Arms-Buying System Leaves Its Military Outgunned by China India, which has tripled its
defense spending in a race against China’s military buildup, is
having trouble converting the funding into weapons and equipment
its military says are urgently needed.
China Tightens Land-Purchase Rules, Bans Villas to Cool Real Estate Market China is requiring a down payment
for land purchases equal to 50 percent of a plot’s price and
prohibited the supply of land for villas as the government
sought to increase affordable housing.
Hong Kong Issues Health Warning as Air Pollution Rises to High Levels Hong Kong’s air pollution hit high
enough levels today to prompt a government health warning to
people with some heart and lung conditions, according to the
city’s Environmental Protection Department.
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