Nidec Corporation (NYSE:NJ), the Japan headquartered manufacturer of small-to-mid-size motors, fan motors, and pivot assemblies, is to expand its presence in China through the construction of a third manufacturing and research and development facility in Dalian City, China.

Nidec already operates two facilities in the Dalian Economic & Technical Development Zone that develop small precision motors.   The third facility, which is expected to require a capital outlay of US$50 million, will focus on manufacturing automotive motors.

CIC Defies Wall Street Shorting Hints, Eyes Overseas China-Linked Assets

According to the latest research report from Nomura Securities, China's new loans in Feb. 2010 are expected to drop to RMB 600 billion, with the CPI up 2.1%. CITIC Securities expressed a similar opinion.

For the impact of China's traditional Spring Festival, new loans in February would always drop a lot from a historical point of view. On the other hand, the deposit-reserve ratio has been raised twice by the central bank, which was taken as a signal of credit tightening.

IMF proposed countries adopt a quota system to raise money needed for climate change according to its members' economic sizes

IMF Managing Director Dominique Strauss-Kahn suggested on Mar.8 that countries adopt a quota system to raise money according to its shares in IMF, Xinhua reported.

He proposed that countries adopt a quota system similar to the on the Fund uses to raise its own money from its 185 members, which could bring in money faster than other methods.

China will consider investing more of its foreign exchange reserves in gold "cautiously" based on market conditions

China will consider investing more of its foreign exchange reserves in gold "cautiously" based on market conditions, Yi Gang, vice governor of the People's Bank of China (PBC) and head of the State Administration of Foreign Exchange (SAFE) told at a conference when interviewed on foreign exchange management and foreign exchange reserves.

China has to double its consumption on non-fossil fuels to reach the set goal of 15 percent in the primary energy consumption

It is hard to fulfill China's commitment that in 2020, non-fossil fuels increase to 15 percent of the primary energy consumption, Lu Qizhou, Member of the national committee of CPPCC, President of China Power Investment Corporation (China Power) told Caijing reporter on Mar.7.

On Mar.8, China's largest C2C online auction website taobao.com has announced a new round of actions to crack down on fake products, together with more than 20 brands such as Swiss Army Knives, Adidas, Epson and Lining.

Taobao.com has been dedicated to regulating the online shopping market by fighting against counterfeit products. Only in last year, taobao.com cracked down over 3 million counterfeits.

Quadra Mining (TSX:QUA) gave investors plenty to chew on this morning, releasing results for the 12 month period ended 31 December, 2009, and announcing a memorandum of understanding (MOU) with a subsidiary of State Grid Corporation of China to jointly develop several copper assets in South America.

China Pharma Holdings (AMEX:CPHI), which develops, manufactures, and markets specialty pharmaceutical products in China announced financial results for the fiscal year ended December 31, 2009.

Insurer Prudential (LSE: PRU) said that further to the announcement on 1 March 2010 regarding the reverse takeover of Prudential by AIA Group Ltd, it has made an application to the Hong Kong Stock Exchange for the listing of its shares. It is now aiming to have the listing effective prior to launch of the rights issue announced on 1 March 2010.

South Korean and U.S. kick off their annual Key Resolve military exercises on Mar.8, despite the strong opposition by DPRK

South Korean and U.S. kick off their annual Key Resolve military exercises on Mar.8, despite the strong opposition by the Democratic People's Republic of Korea (DPRK).

According to the spokesman, the exercises are aimed at rehearsing how to deploy the combined reinforcements in time of an emergency.

The Apple announced on Friday that its much-anticipated iPad tablet will go on sale April 3.

Apple said it will first sell models with Wi-Fi links to the Internet on April 3 in the United States, with models that have both Wi-Fi and 3G connectivity being available in the country in late April.

All iPad models will be available in Australia, Canada, France, Germany, Italy, Japan, Spain, Switzerland and the United Kingdom.

Apple had intended to put its iPad to market in late March.

UK insists a new round of negotiations with Iceland government to repay Britain savers' losses in the Icesave bank collapse with a flexible solution

UK insists a new round of negotiations with Iceland government to repay Britain savers' losses in the Icesave bank collapse with a flexible solution, UK Treasury said on Mar.7, Xinhuanet reported.

Collapsed buildings after an explosion

Lies, Damned Lies, and Chinese Statistics
By Huang Yiping, Beijing

The sententious statement, "There are three kinds of lies: lies, damned lies, and statistics," which Mark Twain attributed to former British Prime Minister Benjamin Disraeli, would seem to be suitable to describe the gap between China's current crop of statistical data and its real economy. The difference can't be put down to simple statistical error or local phenomenon. It is a systemic problem.