Other Briefings
China to Prioritize Yangtze Delta Development
Oct. 17 – China’s National Development and Reform Commission said that growth in the Yangtze River Delta region will be prioritized with the aim of making it a world-class urban cooperative by 2020. The region includes Shanghai, Zhejiang and Jiangsu spanning only 2.1 percent of China’s territory but producing 22.5 percent of the country’s gross […]
CIC denies major losses in the U.S.
Oct. 16 – The China Investment Corporation (CIC), the country’s US$200 billion sovereign wealth fund, denied media reports that it has incurred major losses in its investment in a U.S. money market fund. According to China Daily, CIC confirmed that it had invested in the Reserve Primary through its arm, Stable Investment, but said it […]
Kunming and Nanning Evolving as Major Trade Links with Vietnam
Oct. 15 – With much commentary these days on the “ripple effect” of China’s fast growing economy affecting other regional countries, one area in particular has been undergoing a massive, yet almost quiet revolution: Southwest China. With yesterday’s news on Vietnam Briefing that Vietnam’s exports for 2008 are set to reach US$63 billion, the country […]
American Capitalism, Meet Chinese Socialism. Be Nice.
By Chris Devonshire-Ellis Oct. 15 – The inevitable has happened; a day or so after the United Kingdom and Europe partially nationalized their banking systems and injected trillions of dollars of taxpayer money in financial institutions, the United States has followed suit with a US$125 billion partial acquisition of nine major American banks. So much, […]
China’s Trade Surplus Declines by 2.6 Percent
Oct. 14 – According to China’s General Administration of Customs, trade surplus for the first nine months of the year declined by 2.6 percent to US$180.9 billion compared to last year’s figure. In September, import restrictions made to accommodate the Beijing Olympics and Paralympics boosted trade surplus by 23.1 percent to US$29.3 billion, a monthly […]
Purchasing Power Parity – The Smart Way to Buy in China
By Chris Devonshire-Ellis CHICAGO, Oct. 14 – With the United States likely to fall into recession during the next couple of years, now is a good time to evaluate purchasing polices from emerging markets as the household pinch on buying products extends up the supply chain to the source of product—in this case, China (although […]
China Spreading Wealth to Rural Areas
Farmers incomes to double in next decade Oct. 13 – During the 3rd Plenary Session of the 17th Communist Party of China (CPC) Central Committee, leaders pledged to double per capita disposable income of rural residents and eliminate poverty by 2020. With over half of its population engaged in farming and living in rural areas, […]
China Increases Refinancing Threshold
Oct. 10 – China’s securities regulator said publicly-traded companies will now be required to pay dividends in cash instead of stock, three years before filing their refinancing applications. The regulation should improve long-term investment and aid market volatility. The China Securities Regulatory Commission (CSRC) said: “The listed firms, if applying for refinancing, must pay dividends […]
