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News on the Chinese Economy

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A boom in Wen’s hometown

Tianjin’s GDP is growing at twice the national average
Sep 24, 2010 (WiC 79)

Last week Tianjin was revelling in its status as the ‘Davos of China’. Some will find it an odd comparison: a Swiss town of not many more than 10,000 inhabitants paired with a city of more than 12 million. But, for the week at least, the ...

Turning off the taps

Beijing’s stimulus spend comes to an end. Time for more?
Sep 17, 2010 (WiC 78)

Does the economy need more stimulus? A question being asked by policymakers in a range of national capitals at the moment. And Beijing seems to be no different. The Economic Observer reports that the central government has now paid out almost all ...

Chongqing’s ambitious growth plans have huge ramifications
Sep 10, 2010 (WiC 77)

"It is hopeless for the occasional visitor to try to keep up with Chicago. She outgrows his prophecies faster than he can make them.” That was Mark Twain’s view in 1883; at a time when the midwestern American metropolis was experiencing ...

Creative destruction

Its factories make practically everything, but can China innovate?
Aug 27, 2010 (WiC 75)

It wasn’t much bigger than a basketball, and emitted a radio squeak little louder than a cricket’s. But the Sputnik satellite that began circling the earth in October 1957 still came as a mighty shock to American sensibilities. Its message ...

A flood of data

Was Zhouqu tragedy of China’s own making?
Aug 27, 2010 (WiC 75)

One of the things you see when you go to the mountains of Zhouqu, a city in remote Gansu, is a sign above the Bailong River: “A hidden jewel on the river, the natural spring city of Zhouqu.” These days Zhouqu is hardly a hidden jewel. The ...

Beijing orders factories shut; will provinces do so?
Aug 20, 2010 (WiC 74)

When it comes to creative acts of insubordination, it is hard to beat Horatio Nelson’s efforts at the Battle of Copenhagen. Ordered to retreat by Admiral Sir Hyde Parker, Nelson opted to hold his telescope to his blind eye. “I see no ...

Through a glass darkly

Shanxi tries to stop an industry fleeing to Vietnam
Jul 30, 2010 (WiC 71)

We used to make that here” is a refrain commonly heard in the US and Europe, especially in places where factory jobs vanished long ago to low-wage countries. For years those jobs went to China, but now some of that industry is on the move ...

Route canal fails

Unusually, China botches a major infrastructure project
Jul 23, 2010 (WiC 70)

When it comes to building major public works at improbable speed, China has history. For instance, it took Emperor Yang Guang’s engineers (and five million workers) just five years to complete the 1,800km-long Grand Canal. That was 1,400 ...

Why Fujian province and Taiwan share close ties
Jul 2, 2010 (WiC 67)

A trailblazer in early economic ties with the Taiwanese, Fujian province is hoping for a new era in cross-Strait relations. Only 150 kilometres apart, Taiwan and Fujian share a common language (Minnanese, the dialect spoken in most of Fujian, is ...

Seoul and Tokyo fear ECFA’s impact
Jul 2, 2010 (WiC 67)

Taiwan’s gain could be our loss. That, at least, is the view of Japan’s Nikkei newspaper. “A broad tariff-slashing agreement signed Tuesday by China and Taiwan is set to impact South Korean and Japanese companies strategies for the ...

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