ASIA-PACIFIC
Resources
Hot money flows into China
On the face of it, China might not seem the obvious place to invest at the moment. Yet that has not prevented a record flood of capital inflows
China set to spend more on gadgets
Chinese spending on technical consumer equipment is set to overtake that of western Europe some time in 2009-2010, with revenues set to exceed $100bn by 2009
Beijing voices new concerns on dollar
Wen Jiabao, premier, tells Condoleezza Rice, US secretary of state, he hopes the US currency will ‘stabilise as soon as possible’ and the subprime crisis will soon end
Taiwan frees up financial ties with China
But the public has started to realise that further opening the economy to China may not save Taiwan from an increasingly challenging global economic environment
Asian nations fight currency depreciation
South Korean authorities sold as much as $1bn to shore up the won, underlining concerns in several Asian countries about weakening currencies in the face of oil-fuelled inflation
Chinese warned of record rise in ore price
Rio Tinto and BHP Billiton have asked their Chinese steelmaker customers to accept the largest ever increase in iron ore prices or risk the interruption of supplies from Australia
China unveils subsidies for fuel users
Beijing has launched a number of measures in an effort to prevent unrest and soften the blow of the big increases in energy prices that took effect on Friday
Editorial Comment: Cut oil subsidies
China’s move will encourage conservation of fuel and make it easy for producers to invest in new supply. It is a first step in the right direction
Oil price recovers ahead of Jeddah summit
Traders say China’s move to increase retail fuel prices will not be sufficient to curb growth in oil consumption, and could boost rather than curtail Chinese demand
China fuel price rise is no quick fix
Higher oil prices could lead refiners to raise crude throughputs or even go back into business, but moving toward free-market prices may have counterintuitive consequences

China - Economy & trade








