Economy « Week In China - Part 43

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Economy

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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 ...

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 ...

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