Other Briefings
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 […]
China’s Steel Industry Posts RMB12.77 Billion Loss in November
Dec. 29 – China’s 71 major steel mills may post a loss of up to RMB12.77 billion in November, China Securities Journal reported. Citing anonymous sources, the newspaper said 48 mills were in the red in November, accounting for over two thirds of the China’s large and medium-sized steel makers. Analysts attributed the loss to […]
China JV Quality Problems: Time to Increase the Permissible Value of the Foreign Partner’s Brand
By Chris Devonshire-Ellis Dec. 26 – 2008 has brought with it an apparently never-ending slew of problematic quality issues from MNC’s with substantial JVs in China, with no signs either that this is set to end anytime soon nor any pointers to the phenomena being industry specific. While international management must also carry part of […]
Toyota/FAW Recall More Than 120,000 Cars in China
Dec. 26 – Toyota began recalling over 120,000 Lexus, Crown and Reiz luxury sedans manufactured at their Tianjin JV with China’s FAW Group today. According to China Daily, problems with faulty steering electric powered units could cause the batch of vehicles manufactured between 2004-06 to fail, according to a notice posted on the on the […]
China’s Retail Sales to Reach RMB10.8 Trillion
Dec. 24 – China’s retail sales for 2008 are expected to reach RMB10.8 trillion, an increase of about 21 percent year-on-year. According to a report released on Monday by the Ministry of Commerce, sales figures broke the RMB10 trillion mark earlier this month. “Despite the negative impact of the global financial crisis on the domestic […]
China in Asia Regional Round Up: Dec. 23
Dec. 23 – Here is how China has been reported across the region over the past week.
Can China’s Mattress Banks Beat the Recession?
By Chris Devonshire-Ellis Dec. 22 – With government discussions recently to increase individual income tax thresholds in China to monthly earnings of RMB3,000 before IIT has to be paid – how much room to maneuver will China now have across its tax base for the raising of revenues – and should the government give such […]
China Offers US$19 Billion Aid to Taiwanese Firms
SHANGHAI, Dec. 22 – Chinese banks will extend almost US$19 billion worth of aid to Taiwanese firms doing business on the mainland. According to Xinhua, the Industry and Commercial Bank of China and the Bank of China will each offer a lifeline of RMB50 billion to Taiwanese businesses in addition to the China Development Bank […]
