Other Briefings
China Industry Report: Dec. 2
Dec. 2 – This is a regular series of relevant industry news from around China. Air transport Hainan Airlines Co Ltd.’s Grand China Air will launch flights between Yinchuan, Shijiazhuang and Hefei starting December 10. The Taiwanese government has approved a fourth rate cut for fuel surcharges of 14.3 percent on short- and long-haul lines […]
U.S. Treasury Secretary Aims to Broaden Access to China Market
Dec. 2 – U.S. Treasury Secretary Henry Paulson is on his way to Beijing for the U.S.- China Strategic Economic Dialogue to begin on Thursday. One of his main goals include convincing Beijing to allow Wall Street greater access to the Chinese market, reports the Wall Street Journal. Mr. Paulson is calling for more market […]
December China Briefing Online Now
Dec. 1 – The December issue of China Briefing magazine is out now and available for download (click on the image – subscription required however this is complimentary). In this issue, we take our annual look at the end of year considerations for your businesses annual filings, licensing procedures and audit issues that affect all […]
Devonshire-Ellis: China Likely to Gain from Indian Problems
Dec. 1 – China is likely to gain in increased FDI as a result of last week’s terrorist attacks on India says Chris Devonshire-Ellis, senior partner of Dezan Shira & Associates. “If foreign investors have been looking at India as a financial benchmark to China’s increasing manufacturing costs, then a slightly higher China price will […]
China Unveils RMB5 Trillion Plan to Expand Railways
Nov. 28 – China’s senior railway official said that the country’s national rail network will expand by 41,000 kilometers by 2020 and funded by a RMB5 trillion government spending plan. Lu Dongfu, vice-minister of railways, told media during a press conference in Beijing that by 2020, China’s rail network will total 120,000 kilometers. This should […]
China’s CPI Projected to Slide Below 4 Percent
Nov. 28 – A chief economist at the National Bureau of Statistics said during a forum that China’s inflation rate is forecast to drop below 4 percent in November and December. Yao Jingyuan’s forecast contrast from a report from the Bank of Communications which predicted that consumer price index (CPI) in November would decrease to […]
China Announces Steep Rate Cut
Nov. 27 – China’s central bank has announced that one-year lending and deposit rates will be reduced on Thursday by 108 basis points; four times the usual margin of 27 basis points. This is the country’s deepest rate cut since October 1997. One-year lending rates in the country will now be pegged at 5.58 percent […]
World Bank:China’s Growth to Slow
Nov. 26 – The World Bank’s latest China Quarterly Update forecasts that the country’s GDP growth rate should reach 7.5 percent next year, down from 9.4 percent. The report also says that China’s export growth is estimated to reach 3.5 percent from 11 percent. It said that China’s domestic economy and the government’s stimulus policies […]
