Economy & Trade

Bartók’s Message to the New China Expats

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By Chris Devonshire-Ellis Jan. 8 – With Chinese financial institutions recently having been on job hiring sprees in London and New York, mopping up some the casualties of the financial centers downturn, a new breed of expatriate is set to arrive in Shanghai and Beijing. Financial analysts, familiar with the global picture and international trading […]

China in Asia: Jan. 8

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Jan. 8 – Here is how China has been reported across the region over the past week. Asian Measures to Shore Up the Economy While the Indian government announced a second stimulus package within a month, lowering policy interest rates, easing overseas borrowing norms and increasing the foreign investment limit in corporate bonds to US$15 […]

China Industry Report: Jan. 8

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Jan. 8 – This is a regular series of relevant industry news from around China. Wind power The first two phases of the Dailiji 1.4 million kilowatts wind farm, built by Guohua Energy Investment Co. Ltd., began producing electricity on December 30, 2008. This development stage of the project has an installed capacity of 100,000 […]

Chinese-Made London Black Cabs To Be Sold In the United States

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Jan. 7 – Geely, the Hangzhou-based Chinese auto manufacturer, will soon sell its London Black Taxi in the United States although no formal launch date has been set. The Geely manufacturing unit that produces the taxis is a joint-venture with Britain’s Manganese Bronze Holdings and is based in Shanghai. The vehicle is an iconic fixture […]

China to Test Yuan-Settlement Program for Overseas Trade

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Jan. 7 – The People’s Bank of China announced that it would test a program that would allow the use of the Chinese currency instead of the U.S. dollar for settling overseas trade. China will allow the yuan to be used for trade cases between Guangdong Province and the Yangtze River Delta as well as […]

China’s M&A Resilient Despite Global Downturn

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Jan. 6 – Thomson Reuters said in a report that China’s mergers and acquisitions (M&A) activity was the best in the region last year despite the global downturn. China’s M&A activity for 2008 grew by 44 percent to US$$159.6 billion worth of deals compared with the year-on-year 11.1 percent fall in the region, excluding Japan. […]

China’s 2009 Anniversaries to Produce a Cautious Environment

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By Chris Devonshire-Ellis Jan. 5 – With so much talk of the impact of the global financial crisis on China during 2009, and many predictions being made about it (one of the best being Jack Perkowski’s), not much is being said about the impact that three anniversaries – two of them unwanted – that China […]

China Increases Export Tax Rebates

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Jan. 5 – China’s Ministry of Finance announced that it will further increase tax rebates for exports including 533 hi-tech and machinery products beginning this year as its way of aiding the export market that has been hard hit by the global economic slowdown. Businesses exporting industrial robots and airplane navigation systems can now avail […]

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