Economy & Trade

Perkowski Leaves ASIMCO

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Jan. 17 – Jack Perkowski; the founder and chairman of ASIMCO Technologies, has left the company. In a statement issued to ASIMCO employees, president and CEO Gary Riley announced that “effective immediately,” Leland Lewis would replace Perkowski on the board and assume the role of non-executive chairman of the board of directors. The announcement brings […]

A Look at Recessions of the Past in China

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Jan. 16 – Every Friday afternoon we feature a round up of the best weekly stories and articles from China Expat that bridge the gap between China business and culture. We hope you’ll find them interesting and enjoyable. Remembrance of Chinese Downturns Past Luckily, one of the tourists recorded it on a cell phone. Their […]

Hong Kong Ranked World’s Freest Economy for 15th Time

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Jan. 16 – The U.S. Heritage Foundation and Wall Street Journal has ranked Hong Kong at the top spot of its 2009 Index of Economic Freedom for the 15th consecutive year, besting 183 countries based on 10 specific economic freedoms. Hong Kong scored 90, 0.3 point higher than last year and above the world average […]

Former U.S. President Carter and Henry Kissinger Cement Nixon’s Operatic China Ties

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By Chris Devonshire-Ellis Jan. 16 – In a little heralded diplomatic event this week, former U.S. President Jimmy Carter and statesman Henry Kissinger met with President Hu Jintao and Premier Wen Jiabao in Beijing to celebrate the 30th anniversary of U.S.-China diplomatic ties. The United States did not formally recognize the Peoples Republic of China […]

China in Asia: Jan. 15

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Jan. 15 – Here is how China has been reported across the region over the past week. Asia’s Economic Freedoms Need to Improve Hong Kong boasts of an impressive record of global trade and investment and has topped the Index of Economic Freedom for the 15th year in a row. The report is created by […]

China’s 2008 FDI Rises to US$92.4 Billion

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Jan. 15 – An official from China’s Commerce Ministry announced that the country attracted US$92.4 billion worth of foreign direct investment in 2008, a 23.6 percent increase from 2007 figures. Commerce Ministry spokesman Yao Jian told Reuters said that in December FDI inflows amounted to US$6 billion while the cumulative total for the previous 11 […]

China Industry Report: Jan. 15

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Jan. 15 – This is a regular series of relevant industry news from around China. Solar power Nanjing-based photovoltaic products maker ET Solar Group Corp said it had entered into a sales agreement with German USE. ET Solar will deliver 13 MW of solar modules to the German company between January and November 2009. Chinese […]

China Cuts Gas Prices and Surcharges on Domestic Flights

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Jan. 15 – China has cut fuel prices and suspended fuel surcharges on domestic flights beginning today. China’s top economic planner and the Civil Aviation Administration of China (CAAC) announced the suspension of the fuel surcharge was due to declining kerosene prices and from now any adjustments on fuel surcharges will be based on kerosene […]

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