For more analysis on the situation in the European Union, we're now joined on the line by Liu Mingli, a researcher at the China Institute of Contemporary International Relations.
Q1: So we're seeing a broadbased downward revision in economic growth to half of the countries within the eurozone. We mentioned the currency bloc still firmly entrenched in a vicious debt cycle as one of the major reasons behind the pessimism, but what else is causing these lower projections of growth?
For more news and videos visit ☛ english.ntdtv.com Follow us on Twitter ☛ http Add us on Facebook ☛ me.lt And now onto an unusual tip to fight off a business crisis. A Japanese tavern owner is bringing up a new generation of customer pleasing waiters: macaque monkeys. Are you ready for some monkey business? STORY: This "sake house" in northern Tokyo employs two popular and unusual waiters. They are named Yat-chan and Fuku-chan (pronounced Yat-tchan and Fookoo-chan), and are a pair of Japanese macaque monkeys. Four-year-old Fuku-chan has already two years of experience under his furry belt. His main duty is delivering hot towels to customers before they order their drinks. This is how 12 year-old Yat-chan learned the tricks of the trade. [Kaoru Otsuka, Tavern Owner]: "Yat-chan first learned by just watching me working in the restaurant. It all started when one day I gave him a hot towel out of curiosity and he brought the towel to the customer." Both monkeys are well appreciated by customers who tip them with boiled soy beans. [Takayoshi Soeno, Tavern Customer]: "The monkeys are actually better waiters than some really bad human ones!" Yat-chan is a natural and is always eager to please his customers. [Shoichi Yano, Tavern Customer]: "These guys are really adorable. They're like my kids. Well actually better -- my son doesn't listen to me but Yat-chan will." And customers are impressed that Yat-chan understands their order. [Miho Takikawa, Tavern Customer]: "We ...Video Rating: 4 / 5
Jack Ma, chairman and CEO of Alibaba Group, said he is very interested in buying all ofYahoo Inc. [File photo] Jack Ma, chairman and CEO of China's Alibaba Group, has said he is "very interested" in buying all of struggling Yahoo Inc. Alibaba spokesperson John Spelich confirmed that Ma made the remarks during his keynote speech at Stanford University in response to a question from a member of the audience. "Alibaba is very important to Yahoo, so is Yahoo to Alibaba," said Ma during a Q&A session. When he was asked which part of Yahoo he was interesting in, Ma responded, "the whole piece of Yahoo", Reuters reported. After Yahoo fired its CEO Carol Bartz, several U.S. media outlets singled out Ma as the outstanding candidate to succeed Bartz. Yahoo has reportedly also received inquiries from Microsoft, News Corporation and private equity firm Silver Lake Europe LLP. Alibaba faces a number of obstacles if it proceeds with its planned purchase of Yaho...
Shanghai, the world's busiest container port, will consolidate its title this year and leverage its record throughput to become a multi-faceted provider of port services. Containers lie at the Waigaoqiao port in Shanghai yesterday when the city witnessed 30 million TEUs cross its ports. [Shanghai Daily] The city, which overtook Singapore as the world's biggest container handler last year, saw its annual container traffic volume surpass 30 million 20-foot equivalent units (TEU) yesterday. The figure hits an unprecedented level in the world's port history and marks a new leg in Shanghai's voyage to become a global shipping center by 2020. China's remarkable trade boom is reflected in the Shanghai port numbers, which went from 7,951 TEUs in 1978 to 29.05 million TEUs in 2010. The city's customs oversaw a total of US$790 billion worth of imports and exports in the first three quarters of this year - a 19.3 percent year-on-year increase. And its port handled 23.9 mil...
CHINA'S traffic surplus fell by 6.4 percent in 2010 from a year earlier after supervision efforts to enlarge imports as well as revoke faith upon exports. The General Administration of Customs pronounced a surplus had been cut to US$183.1 billion. The proportion of surplus to total traffic worth declined to 6.2 percent in 2010 from 2009's 8.9 percent as well as 2008's 11.6 percent. Trade worth finished during US$2.97 trillion in 2010, a surge of 34.7 percent from a year earlier. Exports increasing 31.3 percent to US$1.58 trillion, whilst imports jumped to US$1.39 trillion, up 38.7 percent year-on-year. "While a lot of uncertainties still exist in a external world, China is correct to accelerate a gait of a economic restructuring as well as rely less upon exports," pronounced Xue Jun, an researcher during CITIC Securities Co. Both exports as well as imports shot to a jot down high final month. Exports in Dec increasing 17.9 percent upon an annual basis to US$154.1 ...
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