latest world business news

China's economic growth rose in the fourth quarter of 2012, helping the world's most populous nation end the year with a growth rate of 7.8%, according to figures released on January 18, 2013 from the National Bureau of Statistics. Last quarter, China's economy grew at a pace of 7.9%, slightly better than analyst expectations and breaking a pattern of seven straight quarters of decline.  China's growth rate had been steadily falling since the fourth quarter of 2010, when economic output grew 9.8%. The slowing growth rate bottomed out in the third quarter of 2012, when China's economy only grew at 7.4%.  Last March, Chinese Premier Wen Jiabao lowered the country's 2012 growth target from 8% to 7.5%. While such growth would be the envy of most nations, China's economy has grown at an average rate of about 10% each year for the past 30 years. This has helped propel China to become the world's second largest economy, just behind that of t...

A joint communique signed between India and China, the Asian Giants in economy, population and power,    on December 16, 2010 said that they had agreed to expand co-operation in infrastructure, environment, information technology, telecommunications, and investment and finance. It said that both Wen Jiabao and Manmohan Singh wanted "to draw on each other's strengths and pursue mutual benefit and win-win results". Mr Wen hold talks with Indian PM Manmohan Singh on Thursday, December 16, 2010. The two men discussed a number of sensitive issues, including a long-running border dispute. Both sides said they need more time to sort out the border question. The BBC's Sanjoy Majumder in Delhi says that the Chinese premier's visit amounted to a strong endorsement of the economic relationship between the two Asian giants, even though contentious issues remain. Chinese Prime Minister Wen Jiabao arrives in Delhi on 15 December 2010. Mr Wen's delegation in India...

WikiLeaks has published some crucial issues form secret US diplomatic cables. The latest internationally significant releases from the Wikileaks are categorized here: 1. About Chinese economic expansion in Africa: The United States thinks China is a " pernicious economic competitor with no morals " whose booming investments in Africa are propping up unsavoury regimes , according to a February 23 cable by the US consul-general in Lagos. The US assistant secretary of state for African affairs, Johnnie Carson, was quoting as giving the frank assessment in a meeting with oil executives in Nigeria. "China is not in Africa for altruistic reasons," he said. " China is in Africa for China primarily. " 2. To free Nobel Laureate Liu Xiaobo: US officials pushed China to free dissident Liu Xiaobo, winner of the 2010 Nobel Peace Prize, in the weeks after he was first detained. In late 2008, only two weeks after Liu was first held, then ambassador to China Cl...