Other Briefings
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 […]
ASEM Meeting Concludes, Consensus on Crisis Reached
Oct. 26 – The two-day 7th Asia-Europe Meeting (ASEM) concluded in Beijing on Saturday, with participants reaching a consensus on the global financial crisis and other issues. The meeting, attended by leaders and representatives from 45 Asian and European nations and organizations, realized its expected goal and was a great success, state media reported Chinese […]
Conflicting Global Economic Signals as Europe Applauds More Chinese Imports
Beijing ASEM meetings set to tackle the global recession By Chris Devonshire-Ellis Oct. 24 – Trying to estimate the true impact of the financial crisis is proving to be a hard animal to pin down in the current global environment with so many undercurrents swirling about and muddying waters. The United States alone, with its […]
Beijing Cuts Tax and Mortgage Rates to Boost Real Estate Market
Oct. 23 – In a statement released on its website, the Ministry of Finance, said that starting next week it would reduce taxes on real estate and lower mortgage rates in an effort to boost the slumping housing sector. The property deed tax will be cut to 1 percent from 3 to 5 percent for […]
New China Briefing Regional Guides Published
27 provinces and autonomous regions, 67 cities and 230 free trade and development zones covered in a new five volume series Oct. 23 – China Briefing has just published five new regional business guides to China. The books, some twelve months in the making, are the most comprehensive and detailed volumes on China thus far […]
China to Raise Tax Rebates on Selected Export Goods
Oct. 22 – China’s Ministry of Finance said tax rebates on selected export products will be raised beginning November 1; to ease pressure on businesses affected by slowing export demand. This is the second time in three months that China has increased tax rebates for the export industry. Last August 1, tax rebates were increased […]
Chinese Exporters Shifting to the Domestic Market
Oct. 21 – Chinese exporters are looking into the domestic market to cope with slowing demand brought about by the global credit crisis, reports Xinhua. During the Canton Fair, the board chairman of the Jiangsu Hotwind Sauna Equipment, Qiao Guan, told Xinhua that his company was planning to divert some of the business from abroad […]
China’s Economy Expands by 9 Percent
Oct. 20 – China’s economy expanded by 9.9 percent in the first three quarters of this year, reports the National Bureau of Statistics, marking the first time in five years that China’s quarterly GDP growth fell below 10 percent. Bloomberg and the New York Times report that the economy only expanded by 9 percent. The […]
