Other Briefings
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 […]
British Business Awards China Winners Announced
Nov. 7 – China’s first British Business Awards was held last night at the Westin Hotel in Beijing. The event was co-sponsored by the various British and China government agencies, including the British Chamber of Commerce, the British Business Council, The 48 Group, U.K. Trade & Investment, the Confederation of British Industry, and the China-Britain […]
Zhuhai Airshow Marks Tentative Step For Chinese Aircraft Manufacturers
Nov. 7 – The annual Zhuhai airshow, which opened earlier this week, has marked its presence this year with the first order from foreign companies to buy Chinese manufactured aircraft. GE Capital, the aircraft leasing subsidiary of General Electric, has agreed to buy five Chinese ARJ21 commercial jets, with options on 20 more in a […]
Early signs of Export Driven Manufacturers Leaving China
Nov. 7 – Foreign manufacturers exporting their China production back to Europe and the United States are increasingly considering relocating their plants back to their domestic markets and closing down their China facilities, a survey of China Briefing readers has revealed. Concentrating on component manufacturers in the auto and aviation industry, findings indicated that […]
China to Cap Public Sector Spending for 2009
Nov. 7 – China’s budget for government agency spending will be capped at the same levels in 2009, reports the Ministry of Finance on its website. In the past five years, agency budgets increased by average of 5 percent annually. China’s central government is now working towards cultivating a thrift society. “The budgets for next […]
China Injects RMB130 Billion in State-Owned Bank
Nov. 7 – China’s investment arm, Central Huijin Co., has agreed to lend state-owned Agricultural Bank of China (ABC) a RMB130 billion capital injection for its stock listing. According to China Daily, Central Huijin and the Ministry of Finance each will have half of the bank’s ownership. Central Huijin will help ABC improve corporate governance […]
Chinese Official Says Radical Stimulus Package Needed
Nov. 6 – A senior State official told China Daily that the country will need to implement comprehensive and radical measures to stimulate the economy amid the global credit crisis. Speaking on the condition of anonymity, the official, who claims to be close to China’s decision-makers, said that only a radical stimulus package can save […]
China’s Obama Welcome May Be Muted
New president should Heed Bush’s early mistakes with China relations By Chris Devonshire-Ellis Nov. 5 – With Barack Obama confirmed as the next president of the United States, eyes will now fall upon China to see how it reacts. While the Chinese media has tended to take a more conciliatory role regarding the American administration […]
