Other Briefings
Chinese-Made London Black Cabs To Be Sold In the United States
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
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
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
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
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 […]
China’s Northern and Inland Provinces Recession Free
Central Avenue, Harbin’s pedestrianized shopping center, is booming with many international and Chinese luxury brands and boutiques lining both sides of this historic street By Chris Devonshire-Ellis and Andy Scott Jan. 3 – China Briefing and Dezan Shira & Associates staff have spent much of the past few days during the holiday season traveling around […]
2008: The Year in Review
By Andy Scott SHANGHAI, Dec. 31 – As is customary at this time of year, we would like to take a moment and look back at the year that was, reflect on the news stories that captured the public’s attention, and highlight some of the achievements that took place over 2008. Three major events shaped […]
National Bureau of Statistics: China’s GDP to Grow by more than 9%
Dec. 29 – China’s economic growth is expected to surpass 9 percent in 2008, Yao Jingyuan chief economist of the National Bureau of Statistics said. “There has been a growing downward pressure in the fourth quarter,” Yao told the Beijing Morning Post. “But the annual GDP growth should exceed 9 percent.” In 2007, China’s economy […]
