Economy « Week In China - Part 45

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Economy

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Why Beijing is so fixated on 8% growth
Mar 27, 2009 (WiC 8)

In an uncertain world, familiar orthodoxies take on a comforting glow. For example, the expectation that the English football team won’t make it past the quarter finals of next year’s soccer World Cup, or the knowledge that the former Soviet ...

The National People’s Congress meets annually. So what actually happens?
Mar 13, 2009 (WiC 6)

Appalling old waxworks”, was how Prince Charles referred to them in his diaries. England’s future king was referring to the Chinese dignitaries who had made the trip to Hong Kong to commemorate the colony’s return to Chinese rule. But ...

There are 20 million unemployed workers in the countryside. Any solutions?
Mar 6, 2009 (WiC 5)

If you want to get an idea of how basic life is in the Chinese countryside, it is worth devoting a couple of hours to watching Not One Less. Zhang Yimou’s award-winning movie is made in a documentary style with real rural folk playing ...

A curious idea for linking executive pay to that of professors
Mar 6, 2009 (WiC 5)

Forbearance is in vogue in the boardroom in 2009. Hence chief executives at the Detroit automakers drive rather than jet to Washington for bailout hearings, and will join Vikram Pandit, chief executive at Citigroup, in swearing to work for no ...

Consumers boost spending after last year’s earthquake
Feb 27, 2009 (WiC 4)

Encouraging people to ‘live every day as if it’s their last’, is not part of the government’s current stimulus package. But it might be a tactic worth considering if domestic consumption figures coming out of the earthquake-stricken ...

Why ‘Buy America’ rules are more trouble than they’re worth
Feb 20, 2009 (WiC 3)

Did you know that Thomas Jefferson – author of possibly the most influential political document of modern times – was also fascinated with the ideal process for making manure? It may seem paradoxical that the great Virginian could ...

Can the government’s snowballing stimulus plan keep growth at 8%?
Feb 13, 2009 (WiC 2)

It could well be the most unobjectionable thing since Mozart began composing and the hills around San Pellegrino started spouting fizzy water. But China’s stimulus package, while welcomed by virtually all, is not easy to grasp – in part ...

The government wants to ensure 6 million graduates find work
Feb 6, 2009 (WiC 1)

You don’t have to have a degree in nuclear physics to operate a washing machine, but these days it could well help. The Guangzhou Daily has reported that the job outlook for this year’s crop of graduates is so bad that many are applying for ...

The nation’s economic hopes may lie in the pockets of China’s farmers
Feb 6, 2009 (WiC 1)

It’s not every country’s good fortune to suddenly discover it has an untapped market of 737 million consumers. Indeed, with the decline in Chinese exports to the 705 million consumers that populate the US and the EU, that’s a pretty handy ...

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