Monday, March 28, 2011

BBC survey says people fear China's economic power

A BBC World Service survey has found that developed nations are increasingly fearful over China's economic power.
The survey was carried out by the international polling firm GlobeScan/PIPA among more than 28,000 people in 27 countries.
It revealed that the numbers of those who say that China becoming more powerful economically is a bad thing have increased substantially.
That economic success helped the Chinese energy giant Sinopec's profits to surge.
The company reported a jump in profits driven by an increase in domestic demand and rising oil prices.
Asia's biggest refiner by capacity said its net profit grew by 13.7% to 71.8bn yuan ($10.9bn; £6.8bn) last year.
Meanwhile, in Hong Kong, investors who lost money after the collapse of investment bank Lehman Brothers will be repaid by Hong Kong banks.
Sixteen banks have agreed to buy back financial instruments they sold to investors for up to 96.5% of their value.
Business headlines

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