Higher oil prices to trim China's 2004 GDP growth
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Surging oil prices could moderate China's economy this year as rising costs push inflation higher, hitting corporate profits and consumer pocket books, analysts and state press said.
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High oil prices dealt Germany&#39;s economy an unexpectedly severe blow in the third quarter, data showed on Thursday, leading economists to trim their growth forecasts for the 12-nation euro zone.
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Oil prices hit $46 on Monday after  Russian oil giant YUKOS said it would cut some oil shipments to  China, the first toll on exports from the company's financial  turmoil.
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LONDON (CBS.MW)-- The Organization for Economic Co-operation and Development expects Chinese economic growth to slow to 8 percent in 2005, reflecting high oil prices and new government measures, AFX news reported from Paris.
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Oil prices hit a one month-high of $47 a  barrel on Tuesday as China showed no let-up in its strong  import growth and traders worried that U.S. petroleum  inventories had drawn down heavily due to Hurricane Ivan.
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TOKYO (CBS.MW) - China expects economic growth to reach at least 9 percent in 2004, according to a published report. Free! Sign up here to receive our Before the Bell e-Newsletter!
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Crude oil futures rose to a record $55.45 a barrel in New York after a report that the Chinese economy grew more than expected. Oil&#39;s rally lifted heating oil to a record and natural gas to a 20-month high.
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Oil prices simmered near $55 a barrel  on Friday on rising fears of a winter fuel supply crunch and  robust but slowing economic growth in China, the world's number  two user.
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China will do more to save energy and cut pollution in 2007 while striving to keep its economy humming following four straight years of double-digit growth, Premier Wen Jiabao said on Monday.
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China's top oil firm, PetroChina, is expected to raise more than $9bn (Â£4.88bn) for its listing on the Shanghai Stock Exchange.
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China is falling short of its goals in a campaign to boost energy efficiency in its fuel-guzzling economy &#151; the world's No. 2 oil consumer &#151; but is starting to make progress, the government said Thursday.
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China's economy is set to grow at a faster-than-expected rate of 10.4% this year, the Asian Development Bank says.
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The Chinese Government will trim spending next year in an effort to slow economic growth to a more sustainable pace. Vice Finance Minister Lou Jiwei says China will reduce the
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TOKYO: Rising oil prices are unlikely to deal a major blow to global economic growth although the trend may seem &quot;uncomfortable,&quot; a researcher with the International Monetary Fund says.
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Oil closed above $55 a barrel yesterday for the first time as traders worried about low stockpiles of heating oil and strong economic growth in China.
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Rising oil prices are unlikely to deal a major blow to global economic growth although the trend may seem &quot;uncomfortable,&quot; a researcher with the International Monetary Fund says.
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Another year of record-high oil prices may dent world economic growth in 2005, with China being particularly vulnerable, an OPEC official said Tuesday.