CHINA

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India, China lagging behind in economic well-being: ADB

Asia's two economic powerhouses, India and the People's Republic of China (PRC), are lagging behind in terms of economic well-being and living standards, despite accounting for 64 percent of GDP in a surveyed list of 23 Asian countries, a new study by the Asian Development Bank has revealed.
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U.S. looks to product safety agreements with China

The United States is working on deals with China to bolster safety controls on Chinese-made foods and medical products, the U.S. said on Friday as international consumer alarm continued to pummel Beijing.
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Environment vs growth debate heats up in China

The swift demise of China's green GDP figures highlights a growing policy conflict between advocates of environmental protection and officials long used to pursuing economic growth at all costs.
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Dell now 'Made in India'

Dell Inc., the world’s second largest personal computer maker, has rolled out its first desktop computer from its new plant at Sriperumbudur near Chennai this week, thereby making India the third country in Asia Pacific, after China and Malaysia, to manufacture its range of desktop computers and notebooks outside of the US.
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Toyota Q1 jumps on sales rise

Toyota Motor Corp.'s quarterly operating profit rose by a better-than-expected 32 percent as brisk overseas sales combined with a softer yen to make up for chronic weakness in domestic demand. Toyota, the world's biggest and most profitable automaker, left its cautious annual forecasts unchanged, as expected.
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Clean tech becomes big business

Clean technology is evolving from environmental issue to big business, opening a world of opportunities for companies, entrepreneurs and investors who see a chance to -- yes -- clean up, says a new book.
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Treasury says can't force China currency change

A senior U.S. Treasury official warned Congress on Thursday that trying to force faster China currency appreciation by legislative effort would fail and might provoke retaliation against the United States.
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Mattel sees $30 million charge from toy recall

Mattel Inc. said on Thursday it expects the recall of Chinese-made toys, such as popular preschool characters like Sesame Street's Elmo and Big Bird, to result in a charge of $30 million.
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High cellphone margins lift Nokia Q2

Strong cellphone demand in Asian emerging markets boosted Nokia Oyj's second-quarter sales and profits, sending its shares to their highest level in more than five years.
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Clean electricity key to greenhouse cuts: Australia

The world's electricity must be generated from zero or near zero-emission power plants by 2050 if a 50 percent cut in global greenhouse gas emissions is to be achieved by mid-century, Australia's Environment Minister said on Wednesday.
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Paulson to make his currency case to China's Hu

U.S. Treasury Secretary Henry Paulson brings his overtures for a faster rise in the yuan to Chinese President Hu Jintao on Wednesday, a day after the Bush administration warned that anti-China legislation in the U.S. Congress could provoke a global trade backlash.
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China tells Paulson it's poor and poses no threat

China on Tuesday deflected U.S. pressure for a faster rise in the yuan and bolder economic reforms by telling visiting Treasury Secretary Henry Paulson that it is still poor and poses no threat to anyone.
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Lenovo's Q1 set to leap 6-fold but price war looms

China's Lenovo Group, the world's third-largest computer maker, is expected to post a six-fold rise in quarterly profit on Thursday on strong corporate demand but faces unrelenting price pressure at home.
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China raises banks' reserve requirements again

China's central bank on Monday raised the amount that lenders must hold in reserve for the ninth time in 13 months, the latest step in its campaign to keep the world's fourth-largest economy in check.
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Internet censorship spreading: OSCE study

State restrictions on use of the Internet have spread to more than 20 countries that use catch-all and contradictory rules to help keep people off line and stifle feared political opposition, a new report says.
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Thousands homeless as Asia weather misery spreads

Asia's monsoon misery has spread to Nepal, leaving thousands of people homeless, while more rain is expected to bring further chaos to China's drowned southwest, where many have already lost homes, livelihoods and loved ones.
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Texas leads list of dirtiest U.S. power plants

Texas has the most entries on a list of the dirtiest U.S. power plants, while New England and the Pacific Coast make less carbon dioxide because they have fewer coal-burning plants, an environmental group said on Thursday.
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Mexico to use huge drug cash haul for addict rehab

Mexico will use $206 million confiscated in what officials call the world's biggest drug cash seizure to fund programs for addicts and strengthen the justice system, the government said on Thursday.
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Senate panel OKs currency bill aimed at China

The Senate Finance Committee voted 20-1 on Thursday to give the U.S. government new tools to press China to raise the value of its currency, but the Bush administration said it opposed the bill.

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