Other Briefings
Asia’s Regional Economics: A Bowl of Rice a Day
Aug. 13 – At a time when China’s economy seems to be slowing, and costs rising, we take a look at one of the forgotten aspects of Asian economics, the cost of a bowl of rice. In a region comprising the giant populations of China (1.3 billion), India (1.25 billion) and the emerging nations […]
China’s Retail Sales Increase 23% in July
Aug. 13 – China’s retail sales increased by 23.3 percent to RMB862.9 billion in July, the fastest climb in nine years. Retail sales were buoyed by families buying television sets for the Beijing Olympics thus boosting household electronics sales by 18.8 percent. The largest maker of consumer electronics, TCL Corp., reported that sales of liquid-crystal […]
State-owned Enterprises to be Allowed HQ’s Overseas
Aug. 12 – In further signs that China is going global, Li Rongrong, the chairman of the State-owned Assets Supervision and Administration Committee confirmed that proposals are being looked at that would effectively reposition some SOEs outside of China if their global activities warranted it. Li mentioned that the proposal have been under review for […]
Officials Assure Slowdown in East China Not Severe
Aug. 12 – Officials from the Zhejiang provincial development and reform commission assured that while companies in the region were suffering from financial difficulties, it was not as grave as previously reported in the media. “Private firms in our province did suffer a reduction in profit, tight liquidity and a low level of creativity,” Liu […]
China Trade Surplus Falls By 9.6%
Aug. 12 – The country’s trade surplus dropped by 9.6 percent to US$123.72 billion for the first seven months of the year. The decrease has been attributed to regulations to control surplus and rising energy costs.The country’s imports shot by 70.6 percent to US$221.65 billion during the same period. Keeping its top spot, the European […]
China to Review Overseas State-Owned Assets
Aug. 11- China’s National Audit Office (NOA) has set-up two departments tasked to review state-owned companies and their overseas national assets. These departments will examine the companies’ fiscal revenue and social security funds in addition to establishing links with other international audit organizations. In a statement, the NOA said, “The office will also pay more […]
China Approves Guidelines to Boost Development in Yangtze Delta
SHANGHAI, Aug. 8 – China’s State Council has approved new guidelines aimed to spur development of the Yangtze River Delta region. The guidelines outline that the region should expedite its industrial restructuring and create an industrial structure with a modern service industry as the pillar. The region includes the areas of Shanghai, Jiangsu and Zhejiang […]
China to Become Major Consumer of Sports Supplies Post-Olympics
Aug. 7 – Four days ahead of the opening of the Beijing Olympics, global sports brand, Adidas, opened its largest store in the world at Sanlitun Shopping Center in the city’s Chaoyang district. The 3,710 square meter area is one of the 5,000 stores in the country that the company plans to build by […]
