Economy « Week In China - Part 43

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Economy

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Provincial governments are told to buy Chinese products
Jun 26, 2009 (WiC 21)

The announcement of a ‘Buy Chinese’ policy was always going to generate a few splutters of indignation. After all, it seemed to many of us that we were already buying Chinese goods by the container load, even if appetites may have dulled a ...

Why China is still buying commodities at a dizzying rate
Jun 19, 2009 (WiC 20)

If the numbers don’t always add up, one fallback is to Google an explanation. At least, this is what the Wall Street Journal says that research firm Sandford C Bernstein has been doing, in its search for a clearer u derstanding of China’s ...

Retailers hope to ride out the downturn by luring rural shoppers
Jun 12, 2009 (WiC 19)

In a very short time, in China’s central, southern and northern provinces, several hundred million peasants will rise like a mighty storm, like a hurricane, a force so swift and violent that no power, however great, will be able to hold it ...

Talk of the yuan replacing the greenback is overblown
May 29, 2009 (WiC 17)

Almost 65 years ago, the US treasury secretary had some big news for President Roosevelt. “England is broke,” Henry Morgenthau told a shocked FDR. “I had no idea” replied the president. “I will go over there, make a couple of talks and ...

A new consumer finance law seeks to boost retail spending
May 29, 2009 (WiC 17)

"No debts, completely carefree” goes an old Chinese saying. But China’s government is now encouraging its citizens to ditch that old mindset and start spending instead. In an effort to boost domestic consumption, the China Banking ...

Government announcements are still key for Chinese stocks
May 29, 2009 (WiC 17)

Last week was one for reminiscing about former stock market glories, as far as much of the Chinese financial press was concerned. In particular it was a celebration of “5:19”; a 19th May 1999 statement from the China Securities Regulatory ...

Why some of the nation’s richest men have been caught in bribery scandals
May 22, 2009 (WiC 16)

Wasn’t getting rich supposed to be glorious, in Deng Xiaoping’s view? Yes, and on the face of it, this should make inclusion in the three leading China “rich lists” publications – one produced by Forbes magazine, and the other two by ...

Hard to believe, but economists are the ‘hot ticket’ in China these days
May 22, 2009 (WiC 16)

According to Confucius, “Ignorance is the night of the mind, but a night without moon and star.” If you are looking for stars in China today, look no further (surprisingly) than economists. They have become celebrities. And in one of the ...

With one year to go, Shanghai’s World Expo faces some challenges
May 15, 2009 (WiC 15)

Something will be missing from Denmark’s capital next year. As of next April, the Little Mermaid will be gone. She has survived poor weather and high tax rates, but the lure of Shanghai has finally dislodged the iconic statue from Copenhagen ...

Shanghai could soon see multinationals listing on its bourse
May 8, 2009 (WiC 14)

The architecture of the Bund says Shanghai has been here before. The city’s most popular tourist attraction runs along the western bank of the Huangpu River, with dozens of buildings that once housed the banks and trading houses of a vibrant ...

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