China Briefing News

China Offers Latin American Countries US$10 Billion Line of Credit

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Jun. 27 – While wrapping up his tour of Latin American on Tuesday, Chinese Premier Wen Jiabao put forth an offer to establish a US$10 billion line of credit through China’s Development Bank to support infrastructure projects in the region. He said China would also create an addition US$5 billion fund to support further cooperation […]

China Lowers 2012 GDP Growth Target to 7.5%

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Mar. 6 – China, the world’s second largest economy, lowered its GDP growth target to 7.5 percent this year, marking the first time the figure has dropped below 8 percent in the past eight years. China aims to increase its GDP by 7.5 percent, boost the volume of total exports and imports by roughly 10 […]

2012 China Investment, Operational and Budget Tips

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Op-ed Commentary: Chris Devonshire-Ellis Nov. 1 – Getting a handle on budgets for China businesses in 2012 is proving to be a headache this year, as so much is hanging in the balance. In emerging markets such as China, it is difficult enough already to cater for the inevitable bumps along the road, preparing for […]

China to Commence Pilot Project for VAT Reform in Shanghai

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Chinese Premier Wen Jiabao held a State Council Executive Meeting on October 26 which reached the decision to commence a pilot project within the Shanghai Municipality for the deepening of VAT reform.

China’s Wen Promises RMB Stability to Trade Companies

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By Vivian Ni Oct. 19 – During his recent tour to China’s southern province of Guangdong, Chinese Premier Wen Jiabao vowed to offer more support – including a “basically stable RMB exchange rate” – to exporters that have been suffering from the tightening lending environment, local currency appreciation and declining external demand. Making his remarks […]

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