Other Briefings
China’s Retail Sales Increase by 22 Percent; Fastest Pace in 9 Years
Nov. 12 – China’s statistics bureau says that retail sales for October increased by 22 percent, the fastest pace in nine years. Retail sales for October reached RMB1 trillion. According to Bloomberg News, this figure matched the median estimate of 16 economists surveyed. On Nov. 9, the government promised to implement a US$586 billion economic […]
China in 2009 and Beyond: How Bad Is It Out There?
Nov. 12 – We’re pleased to be able to share with China Briefing subscribers this brand new China economic presentation by Stephen Green, the head of China research for the Standard Chartered Bank. “China in 2009 and beyond: How bad is it out there?” covers both current and projected figures from 2007 forecast to 2012 […]
Public Aggression across China on the Rise
Surface tensions in many cities increasing rapidly By Chris Devonshire-Ellis Nov. 11 – Across China, multiple problems are arising with social unrest issues. Recent riots in Shenzhen over the accidental death of a bicyclist and outbreaks of minor, yet disturbing incidents in Shanghai and other cities are beginning to highlight the problems the Communist Party […]
China Cuts VAT For All Industries
Nov. 11 – China’s State Council said that beginning January 1, it would reduce value-added tax (VAT) for all industries by more than RMB120 billion. The move is part of a stimulus package worth RMB4 trillion scheduled to be spent by 2010. It is expected to spur Chinese companies to develop technology, increase domestic demand […]
Construction Begins on Guangzhou-Nanning High Speed Rail Link
Nov. 11 – Work began on Sunday on a high-speed rail link between Nanning and Guangzhou that will cut travel time between the two south China cities from almost 13 hours to three. The 577.1 kilometer-long route, 61 percent of which will run through Guangxi, will allow trains to run at up to 200 kilometers […]
China in Asia Regional Round Up
Nov. 10 – This new weekly series looks at China and how it has been reported across the region over the past week. India Fears Chinese Goods Invasion With bilateral trade between India and China escalating beyond the 2010 target of US$40 billion this year, amidst the global crisis, senior officials in the Indian commerce […]
Guangdong and Shanghai Exports Plummet
Nov. 10 – The governor of Guangdong province, Huang Huahua, has stated that the value of exports leaving for overseas markets has dropped by 10.9 percent this year, with GDP slowing from 14.5 percent in 2007 to 10.2 percent for 2008. The figures are important as Guangdong is both China’s wealthiest province, with two of […]
China Releases $586 Billion Economic Stimulus Plan
Nov. 10 – China has released an economic stimulus plan worth an estimated US$586 billion to stimulate its slowing economy and build new railways, communities, subways and airports in the next two years. The stimulus plan is effective immediately, with US$18 billion already earmarked for the last quarter of the year. The US$586 billion package […]
