Canada to abandon Kyoto protocol

Note: This section contains information in English only.
Source: Reuters

On Monday Canada became the first nation that claimed it will quit Kyoto protocol. Peter Kent, Environment Minister made an announcement of Canada's abandonment after he returned from summit in Durban. Canada, a leading energy producer has complained extensively that Kyoto protocol does not work as it ignores too many important emitters such as India and China. 

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Tue, 13 Dec 2011 08:58:05 GMT

China's share of global export may fall

Chinese share of  world exports may decrease after rising for 16 years in line. The country's share of world's exports may shrink due to weaker global demand and stronger yuan. Bleak economic outlook in the EU and US might increase protectionism against China's products, said Zhang Qizi, from the Institute of Economics at the Chinese Academy of Social Sciences. Country's trade surplus is likely to

Tue, 13 Dec 2011 08:19:53 GMT

Fitch predicts housing slowdown in China

China is expected to face slower growth in construction and home sales next year, said Fitch Ratings. Moreover, analysts from UBS AG predict stagnant exports for the second-biggest economy in 2012.  Slowdown may create extra pressure on fiscal and monetary easing, added UBS. Nevertheless, Fitch expects Chinese government to stick to tight control of developers in order to alleviate property prices.

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