As mentioned before on this blog and according to financial reports China's industrial production grew at the slowest pace this year, suggesting weaker export growth and government curbs on lending are starting to cool the world's fastest-growing major economy.
The global economic slowdown mainly due to the crude price may further curb overseas shipments after the government this year reduced tax incentives for exporters.In China the inflation jumped to an 11-year high in November., firms must scale down production to avoid a quick build- up of inventories as they expect export growth to slow, steel-product exports fell in November to the lowest level in more than a year, this slowdown in steel output means targeting polluting and high-energy consuming industries is working..
China's economic growth is likely to slow to 10.5 percent in 2008 from 11.4 percent this year on tightening measures, but will these measures have a effect a shoret term effect on the price of crude or will the black gold continue to rise...
SOUTH AFRICA SPRINGBOKS
South Africa laid the groundwork with traditional Springbok rugby and finished an out-gunned England side off with two late tries to win ...
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President George W. Bussh has said he'd veto a so-called NOPEC bill passed in May by the House of Representatives, because it may limit ... -
The WorldWatch group has reached the conclusion that the present world crude/dollar situation is directly associated to the greed and stupid... -
OPEC ministers prevented a crash of most crude producing economies by agreeing on Sunday to leave existing output targets unchanged, but pro...
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