China increases investments in power

Note: This section contains information in English only.
Source: China.org.cn

China invested about 620.7 billion yuan in power generation projects during this year that is 9.5% higher than in 2011, according to China Electricity Council. Despite expanding its power capacity by 66.27 million kilowatts, the power consumption of China still exceeds the supply, surging 11.85% in 2011 on a yearly basis.

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Tue, 20 Dec 2011 12:37:32 GMT

Gold edges higher

Gold prices found support in the failure of the EU financial officials to allocate EUR200 billion to IMF. The failure to allocate enough funds increased the concerns over the Euro Zone thus rising gold's appeal as safe haven asset. The gold futures traded at USD1,602.65 a troy ounce on the Comex division of the New York Mercantile Exchange, gaining 0.37%.

Tue, 20 Dec 2011 11:28:19 GMT

Tokyo Stock Exchange to improve corporate governance

The Tokyo Stock Exchange plans to discuss new measures aimed at improving the corporate governance to increase the confidence of investors after scandal with Olympus Corp. The TSE placed the shares of Olympus under the strict control as it examines company's financial malpractice resulted in hiding above $1.5 loss.

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