China in Asia Regional Round Up: Dec. 10

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Dec. 10 – Here is how China has been reported across the region over the past week.

Asian Exports Fall to Seven Year Low – And What This Means for Western Economies
Shrinking western demand, rising inflation and a scarcity of trade finance have resulted in a significant slump in Asian exports, putting a dampener on the festive season. While governments have tried various measures to stimulate their economies including generous stimulus packages, reducing interest rates by up to 1 percent and increasing inter-regional trade, exports have continued to decline. (2point6billion.com)

China and Russia Sign Border Deal
China and Russia have signed a treaty resolving a 40 year territorial dispute along their border. The border between the two is 4,300 km long, and the latest treaty resolves a dispute over the eastern part of the border. (Communist Tax Lawyer)

Asia’s Agenda for a Greener Planet
Backed by funding from more developed industrialized nations, Asian nations have vowed to reduce greenhouse gasses during the U.N. Framework Convention on Climate Change (UNFCCC) held during the first two weeks in December and attended by 10,000 delegates from 192 countries in Poznan, western Poland. (2point6billion.com)

Vietnam Forecasts US$8billion from Overseas Remittances
The State Bank of Vietnam estimates overseas remittances to the country may amount to US$8 billion by the end of the year, a 45.5 percent increase from last year’s figures. One of Western Union’s five agents,Vietnam Bank for Private Enterprises told Thanh Nien News, that revenues from money transfer service have increased by 70 percent this year. (Vietnam Briefing)

Indian Government Announces US$4.1 billion Stimulus Package
The government of India on Sunday announced a fiscal stimulus package that was even better than expected. The stimulus package increased planned expenditure by Rs 20,000 crore (US$4.1billion), a cut of 4 percent in excise duties across the board and interest rate cuts on loans for infrastructure and exports. (India Briefing)

In China, Empty Offices Fill the Sky
A global credit meltdown and a slowing domestic economy conspired to ruin the coming-out party for this and other newly built skyscrapers, part of a Chinese real-estate boom that has lost its allure
(Communist Tax Lawyer)

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