Economy « Week In China - Part 42

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Economy

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Why China’s private sector businesspeople are becoming worried
Sep 11, 2009 (WiC 30)

Centuries before the city of Wenzhou became famous for its commercial prowess, there was another city in China associated with business success. During the 15th century, Jingdezhen became the centre of the country’s porcelain ...

Chinese leadership worries about over-investment
Sep 4, 2009 (WiC 29)

"We cannot be blindly optimistic,” Premier Wen Jiabao was warning last week. In which case he might want to get on the phone to the People’s Daily, in light of a euphoric piece penned recently by the newspaper. In the editorial at the ...

A new policy to curb corrupt bureaucrats is not going to plan
Sep 4, 2009 (WiC 29)

Two “adult” film rentals, a duck house and the reimbursement of a £1 charitable donation were three of the more eye-catching examples in this summer’s UK parliamentary expenses scandal. The full extent of how the country’s lawmakers ...

Chongqing confronts its “bribe tribe”, while the rest of China watches
Aug 28, 2009 (WiC 28)

Look through corruption cases in Western countries, and you will often find references to the behaviour of “a few bad apples”. Right or wrong, the inference is clear enough; that a small group of individuals may have behaved corruptly, but ...

Free trade gets regional boost
Aug 21, 2009 (WiC 27)

"It is difficult to achieve the status of a global power without first becoming the dominant power in one’s own region,” writes Martin Jacques in his recent book When China Rules the World. “It is in China’s own backyard, that ...

China wants its scientists to come home
Aug 21, 2009 (WiC 27)

Publish a book with a patriotic angle, and then wait for the press to bite. As a promotional tactic, it seems to work well enough for mainland authors and Wang Huiyao’s Talent War seems to have ticked all the right boxes. His study of how ...

China’s forex holdings could buy all the land in New York, LA and Boston
Jul 31, 2009 (WiC 26)

Past $2 trillion and still counting… That was the message when the People’s Bank of China released data recently showing that the country’s foreign reserves had hit $2.13 trillion at the end of June. The real figure is actually a bit ...

At 7.9%, China’s second quarter GDP growth was close to Beijing’s target
Jul 24, 2009 (WiC 25)

How did the media react? The mainland media sounded triumphant. China Daily declared: “Just a few months ago, many economists thought China’s growth would be in the range of 6% to 7% this year.” But the latest GDP figure ...

Is the dynamo of China’s current growth its western interior?
Jul 3, 2009 (WiC 22)

Calls to Go West have often bounced around the world’s more flamboyant discotheques, courtesy of the Village People and, more recently, the Pet Shop Boys. But the phrase has its origins in 19th century US history, and the view that westward ...

Lozenge maker to lead cautious return for Chinese IPOs
Jun 26, 2009 (WiC 21)

Given the Chinese stock market’s propensity for feverish behaviour, it seems fitting that a medicine maker looks like being the first company to launch an IPO this year. Back in March, the vice chairman of the China Securities Regulatory ...

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