Other Briefings
China Issues Third Interest Rate Cut in Six Weeks
Oct. 30 – The People’s Bank of China said on its website that one-year benchmark lending and deposit rates will be lowered by 0.27 percentage points effective immediately. This marks China’s third interest rate cut in six weeks and is in conjunction with a new round of rate cuts happening around the world. The new […]
New Book on China’s Neighboring Countries Published
A 14 nation business overview of who China is influencing and who is influencing China in the new emerging Asia Oct. 30 – China Briefing has just published “China’s Neighbors,” an 84 page full color volume including photos and maps, detailing China’s relations with all fourteen of its neighbor countries. Included are the countries of […]
China Reforms 30 Years Old in December
Chatham House paper asks questions of the new Chinese direction Oct. 29 – As the world moves slowly to a new global repositioning of power and trade, now is an opportune time perhaps to take stock of the international developments over the past few years that have lead us to this point. China itself, announced […]
China Issues New Law to Oversee State Assets
Oct. 29 – China’s 11th National People’s Congress Standing Committee has approved a law that will allow the management of state-owned companies to prevent their assets from being illegal seized. The country has an estimated RMB30 trillion worth of state assets. According to China Daily, statistics show that between RMB80 billion to RMB100 billion worth […]
China Joint Ventures Rehabilitated? Big Business Thinks So
By Chris Devonshire-Ellis Oct. 29 – Joint ventures in China have had more than their fair share of criticism over the years. Tales of deliberately cynical Chinese partners, investors being ripped off, and disasters all around have often done the media and blog rounds. Rhetoric of this sort can be found in abundance at blogs […]
China Pays for Factory’s Back Wages
Oct. 28 – According to a local government official in Guangdong province the government has used more than RMB24 million (US$3.5 million) of public funds to compensate 7,000 former employees of the toy maker Smart Union Group, reports Xinhua. Xu Hongfei, deputy head of Zhangmutou, said the town government has agreed to shoulder all the […]
China to Help SMEs Cope with Slowdown
Oct.28 – China’s Ministry of Human Resources and Social Security says it will implement policies to help labor-intensive enterprises and small- and medium-sized enterprises (SMEs) weather the global financial crisis. The crisis has hit export-oriented SMEs hard and there has been a wave of factory closures and mass layoffs in the country. According to Xinhua, […]
ASEM Addresses Millennium Goals, Financial Crisis
Oct. 27 – The Seventh Asia-Europe Meeting (ASEM) has issued the Beijing Declaration on Sustainable Development reviewing the status of the Millennium Development Goals (MDGs) as well as addressing the current international financial crisis. The meeting was attended by twenty-seven countries from the EU, 10 members of the Association of Southeast Asian Nations (ASEAN), plus […]
