NPC: Concerned by rising prices, China pledges to keep CPI growth to 4.8 percent
BEIJING, Mar. 6 – Premier Wen Jiabao pledged to cap China’s consumer price index (CPI) growth rate within 4.8 percent in 2008 – the average level of last year, to ease the country’s mounting pressure of inflation. The country’s economy will be steered to move at around 8 percent this year, on the basis of […]
As costs increase in China, Thailand and other “Tigers” see renewed investor interest
By Andy Scott Mar. 5 – Prior to the Asian Financial Crisis of 1997, the Tiger Economies of Southeast Asia attracted the kinds of glowing press accolades and investor attention that China and India have now come to expect. As the fastest developing region in the world, money poured into Thailand, Malaysia, Singapore, Indonesia and […]
Can your China manager manage?
Local Chinese standards may be eating away at your businesses ability to globally compete By Chris Devonshire-Ellis Mar. 4 – Can your China Manager manage? In times when increasing numbers of foreign invested companies in China are localizing – is your Chinese manager really capable of running your multinational business within the law and to […]
China’s gray income increases
Underestimated incomes for the wealthy demonstrate larger than expected wealth disparity BEIJING, Mar. 3 – Professor Wang Xiaolu of the National Research Institute of the China Reform Foundation has recently published a study that estimates that the average per capita disposable income of urban households for 2005 was undervalued by nearly 400 percent for the […]
New China Briefing issue out: Investing in China – Practical advice for the international SME
Mar. 3 – With Chinese New Year behind us, we take a look at issues international SMEs face when in the early stages of their investment in China. From recent economic factors that may affect investment to sound practical advice about setting up operations, we have found that many SMEs are poorly advised at this […]
China M&A activity unlikely to slow down, economy appears immune from U.S. recession
SINGAPORE, Feb. 25 – Chris Devonshire-Ellis, Senior Partner of Dezan Shira & Associates, speaking at the Asia Business Forum Annual China M&A Conference in Singapore today said that he felt the Chinese economy would withstand any U.S. recession and that M&A activity would continue in the PRC. His comments, made to a group of prominent […]
Dezan Shira Announce New Offices in Vietnam and India
Firm’s expansion into Asia a result of increasing FDI investment into other locations SHANGHAI, Feb. 22 – Dezan Shira & Associates, the specialist foreign direct investment practice, announced today the establishment of two new offices in India, and the new opening of a Vietnam practice with offices in Hanoi and Ho Chi Minh City. The […]
Central bank issues RMB102 billion in attempt to absorb excess liquidity
The People’s Bank of China on Thursday issued two batches of central bank bills totaling RMB102 billion in its the latest attempt to clean up excess liquidity. According to Xinhua, the move is intended to maintain stable growth in the money supply and steady market interest rates. The bank auctioned off RMB78 billion of three-year […]