Other Briefings
Caution over China’s GDP Figures, 2010 is the Real Test
Commentary: China “Not Yet” Engine for World Growth By Chris Devonshire-Ellis Jun. 22 – Seeing the World Bank raise their expectations for China’s GDP growth for 2009 as a whole last week was encouraging news. Raising the anticipated growth level from 6.5 percent to 7.2 percent has shown the wisdom of China investing massively in […]
New Censorship Rule Worries the United States
Jun. 22 – In a rare move, the United States has submitted a complaint regarding China’s new plan to tighten internet censorship by requiring that all PCs in the country be preloaded with web-blocking software. Representatives from the U.S. embassy in Beijing recently met with China’s officials to discuss the issue. “We view with concern […]
Pudong to Allow Foreign Investors to Set-up Equity Investment Management Company
SHANGHAI, June. 19 – Shanghai’s Pudong local government is now allowing foreign investors to set-up an equity investments management company until June 30, 2010. The new regulation is limited to the Pudong area and can be applied via a cooperative joint venture, equity joint venture or a wholly foreign-owned enterprise given the following conditions: (a) […]
World Bank Raises China’s Growth Forecast to 7.2 Percent
Jun. 18 – In its China Quarterly Update, the World Bank changed its economic growth forecast for China from 6.5 percent to 7.2 percent on account of its stimulus package fueling an investment boom. While China’s economy has continued to feel the brunt of the global crisis, very expansionary fiscal and monetary policies have kept […]
New “Buy Chinese” Policy Risks Tension, Protectionism
Jun. 17 – Beijing has introduced a new “Buy Chinese” policy that could agitate foreign trade relations and encourage protectionism. The new policy outlines that only Chinese products and services may be used for government procurement except when certain products or services are not available within the country or could not be bought on reasonable […]
First Bioenergy Research Center Opens in Nanning
Jun. 16 – The country’s first bioenergy research center was launched last Sunday in the Guangxi Zhuang autonomous region’s capital city of Nanning as part of Beijing’s new energy development plans. The research center aims to find ways to effectively use cassava, sugar cane and sweet sorghum for new energy development; commodities that are abundant […]
U.S. Company Claims China’s Web Blocking Software Contains Pirated Code
Jun. 15 – U.S. company, Solid Oak Software of Santa Barbara, is claiming that parts of China’s state sanctioned web blocking software called “Green Dam-Youth Escort” in English have been pirated from the company’s own filtering software. Early this month, it was reported that Beijing would require that all personal computers sold in the country […]
Exports Drop Further, Stimulus Spending Fuels Economy
Jun. 13 – China’s exports for May plunged lower by 26.4 percent compared to last year; decreasing trade surplus to US$13.39 billion. The May figures maintain the trend of slowing activity, with April exports also declining by 22.6 percent. The figures show that now more than ever, China’s economy is fueled by growth funded by […]
