Economy & Trade

China and Africa: Aid, Trade and Guns

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By Andy Scott Part Two: Aid and Trade The train station in Mbeya, Tanzania stands out among the other buildings in the city. It is the nicest structure in the city, and it, along with the railway that runs through it, was completely financed and built by the People’s Republic of China. Built between 1970 […]

U.S. Senate panel approves forex bill aimed at China

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U.S. Senate Banking Committee approved legislation on Wednesday giving the Treasury Department new tools to pressure China to revalue its currency, despite the Bush administration’s warning the bills could trigger a wave of protectionism around the world according to Reuters. The bill tightens the definition of currency manipulation and would require the Treasury to label any country […]

Sarbanes-Oxley: Five years on

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By Andy Scott Aug. 2 – Monday was the fifth anniversary of the signing of the Sarbanes Oxley Act, a law that has had a huge impact on business and accounting practices both in the United States, and overseas. One will remember that as a result of the financial scandals in the United States like […]

Tianjin to go wireless

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The Tianjin municipal government has signed and agreement with the Ministry of Information Industry to construct a wireless broadband network in the Binhai New District of Tianjin. The Binhai district will be a trial location for China’s comprehensive reform of its computer networks according to ChinaTechNews.com. Tianjin’s push to create a wireless city zone has made it one of the most […]

Study shows China, India lagging in economic well-being, living standards

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China and India, the two economic powerhouses of a fast developing Asia, are lagging in terms of economic well-being and living standards of their population, a new study undertaken by the Asian Development Bank (ADB) shows. According to the International Comparison Program (ICP) in Asia and the Pacific: Purchasing Power Parity Preliminary Report, released yesterday, China […]

Guangzhou airport looks to become international cargo hub

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GUANGZHOU, July 31 – Guangzhou Baiyun International, China’s third busiest airport after Beijing and Shanghai, is expanding its efforts to become an international air cargo and logistics hub in prosperous South China. China Daily reported that international logistics companies will play a larger part in reaching the goal, according to Liu Zijing, president of the […]

China eyes stable Afghanistan, Central Asia as key to regional development

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At the upcoming Shanghai Cooperation Organization meeting in Bishkek, Kyrgyzstan, China will seek to cement strategic partnerships with the former Soviet states of Central Asia. While China and Russia insist that the SCO was created as a counter-terrorism group, the two are in competition for influence and oil and gas rights in the four former Soviet republics of […]

China, developing nations turning to microloans as key to rural development

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In a recent video shot by freelance journalist David Axe for C-SPAN, Afghani merchants of various stripes talk at length about the growth of their businesses under a microfinance system that has been put in place since the fall of the Taliban and introduction of numerous western aid agencies. Like counterpart programs in India, Bangladesh and now […]

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