China sees lower growth pace

Note: This section contains information in English only.
Source: China.org.cn
Experts have pessimistic forecasts on the development of China's economy next year. The economic growth is expected to fall to 7.9% in 2012, reported Nomura International Ltd. The most negative outlook predicts the China's economy might fall into recession as last time the growth was lower than 8% was before Asia-Pacific crisis in 1998. The government has to do its best to stimulate domestic demand thus making Chinese economy less vulnerable to global downturn, said Xia Bin, an adviser at People's Bank of China.
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Tue, 20 Dec 2011 09:45:25 GMT

Natural gas will stay lower

Natural gas prices decreased essentially and the forecast does not indicate any improvements. Currently the natural gas futures traded more than 60% less as compared to 2008 highs. The US still has a high natural gas inventory level despite small decline and the abnormally high temperatures in December are likely to continue to weight down on the natural gas price.

Tue, 20 Dec 2011 09:41:55 GMT

Switzerland's trade surplus increases more than expected

Swiss trade surplus increased more than expected last month, according to official data. The trade balance widened to CHF3.00 billion last month as compared to CHF2.16 billion in October. Analysts expected the figure to be CHF2.47 billion. After the data release, the Swiss Franc appreciated against the USD and the pair USD/CHF is currently traded at 0.9371, edging down 0.02%.

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