» 08/29/2005, 00.00
Record oil prices harm Asian economies
Crude oil tops 70 dollars a barrel. Experts insist fears over hurricane Katrina do not justify surge. High oil prices make products from emerging Asian economies less competitive and slow economic growth.
Record rise in production costs, China's economy slows
Energy, food, and raw materials (especially metals) cause the greatest rise in production costs in three years. Meanwhile, the countermeasures of the government are not stopping inflation, which remains over 8%, in spite of a slowdown in exports and in demand for luxury goods.
07/09/2005 ASIA - USA
Post-Tsunami Asia reaches out to help the USA
From the world's poorest countries come funds and above all experience in tackling natural disasters. Volunteers engaged in post-Tsunami work in Sri Lanka warn: solidarity among victims is vital.
05/09/2005 ASIA OIL
Don't blame Katrina alone for high oil prices
South East Asia and the Far East are paying the price of insufficient secondary refining capacity and demand rigidity in light distillate fuels. But politics and financial speculation are also putting pressure on the price of crude.
Chinese inflation remains high, economic growth slows
Inflation at 7.1% in June, while producer prices increase 8.8%, a more than 10-year record. China faces the dilemma of containing inflation without impairing production too seriously. Meanwhile, the worst energy crisis in years approaches.
Chinese leaders admit serious economic crisis for first time
The conference on economic and labor questions highlighted the lack of immediate solutions. Subsidies and tax breaks have been promised in order to increase incomes and consumption, but without concrete details. Experts: long-term strategy and structural reforms are needed.
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