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The credit rating department of Xinhua Finance Limited released its report on "Future Credit Trends in China’s Oil and Natural Gas Industry", which identifies, in addition to macro-economic policy to support stable growth and control inflation, government policy on issues such as refined oil pricing mechanisms and energy security as the primary factor influencing the oil and gas industry’s credit worthiness.
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Fitch Ratings said that despite the strong profit figures posted by Chinese banks in H108, there are a number of strains emerging in the banking sector that point to an increasingly difficult road ahead, including rising borrower stress, escalating credit leakage, and tightening excess liquidity.
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Fitch has reviewed the key trends for banks in Asia, ex-Japan and found that they have remained generally good - for the most part, banks in Asia achieved good levels of profitability, stable or improving asset quality and adequate or strong capitalisation.
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Xinhua Finance Limited analyzed and commented upon the impact on China's Banking Industry of the financial crisis on Wall Street.
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Asia's developing economies will experience lower levels of growth than previously forecast over the rest of 2008 and next year, according to the Asian Development Bank.
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In August, the national real estate climate index was 101.78, 0.58 and 2.70 points lower than the previous month, and over the same period last year.
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Survey data presented at the Economist Conferences' Fifth China Branding Roundtable in Beijing indicate that 31 percent of Chinese consumers identify the environment as a higher priority than the economy, a percentage that is significantly higher than consumers in the US and slightly higher than consumers in the UK.
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The World Bank Group committed loans, grants and credits worth US$4.5 billion to support development across the East Asia Pacific region during fiscal year 2008. This was US$200 million more than the previous fiscal year, reflecting the increased support for a region that is weathering the global economic downturn relatively well.
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India’s economy will experience a marked slowdown in the 2008 and 2009 financial years, ending its run of five consecutive years of very high growth, the Asian Development Bank (ADB) says in a new major report.
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Economic growth in the People’s Republic of China (PRC) will moderate in 2008 and 2009, but it will still remain among the world’s fastest growing economies, says a key Asian Development Bank (ADB) report.
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