15 FEBRUARY 2017
Weighing up China’s investment in the United States
Chinese investment flows into the United States have reached unprecedented heights over the past two years and the future promises more of the same. The acquisition of US companies accounts for 84 per cent of these investments
9 FEBRUARY 2017
For China, Europe is the new Africa
For the past few years, Chinese investments in Italy have grown exponentially in every sector, from football to engines, fashion to real estate, tourism to energy
7 JANUARY 2016
EU ready to help China fight protectionsim
The EU is ready to stand with China in the fight against protectionism, but Beijing needs to reform to be fair to investors, EU trade commissioner Cecilia Malmstroem said
29 JANUARY 2017
A time of test for the China model of economic growth
The ‘China model’ of economic growth has been essentially a story of a hyper-charged economy led by an authoritarian state. But now the model has become unsustainable, with China experiencing economic slowdown as well as rampant corruption, growing inequality and environmental destruction
20 JANUARY 2017
China’s economy grows 6.7% in 2016
China’s economy grew by 6.7% in 2016, compared with 6.9% a year earlier, according to official data, marking its slowest growth since 1990
27 DECEMBER 2016
China issues white paper on space development
China on Tuesday issued a white paper on the development of space industry since 2011 and major tasks for the next five years
18 DECEMBER 2016
The social cost of smashing China’s iron rice bowls
China has ordered state firms to smash the decades-old system of providing cradle-to-grave welfare support, known as the country’s “iron rice bowl.”
11 DECEMBER 2016
US-China trade shows signs of improvement
Trade between the world’s two largest economies has shown signs of improvement as the US trade deficit with China, a long-term US concern, narrowed significantly in October
8 DECEMBER 2016
China considers easing foreign investment limits
China has indicated it could relax restrictions on foreign investment in some sectors as it struggles to counter an overseas exodus of capital, while facing accusations of protectionism from US President-elect Donald Trump
30 NOVEMBER 2016
China’s New ‘Cybersecurity’ Rules Look Like Cyberprotectionism Instead
China’s new laws on cybersecurity are no better than trade protectionism in a new guise
28 NOVEMBER 2016
China steps up protection for property, intellectual rights
China will increase protection for property rights, including stepping up oversight of the management of state-owned assets, the Xinhua news agency reported on Sunday, citing guidelines issued by the State Council, China’s cabinet
21 NOVEMBER 2016
China working to make yuan key international currency
China government is making strategic moves to construct an Asia-based economic bloc based on the Chinese yuan
18 NOVEMBER 2016
Evaluating China’s Economy
Can China keep up its growth and deliver on its “harmony” pact with the Chinese people?http://thediplomat.com/2016/11/evaluating-chinas-economy/
8 NOVEMBER 2016
Despite the yuan’s devaluation, China’s exports continue to fall
Although the yuan lost about 1.5 per cent against the US dollar last month, Chinese exports still dropped 7.3 per cent in dollar terms compared to a year earlier. October’s decline follows a fall of 10 per cent in September
31 OCTOBER 2016
France and China are set to very soon launch a fund for joint investment in overseas projects
French foreign minister Jean-Marc Ayrault spoke of the plans after meeting with China’s foreign minister Wang Yi in Beijing
30 OCTOBER 2016
China, Japan and South Korea pledge to promote talks on free trade and energy
Trade chiefs from Japan, China and South Korea agreed on Saturday to promote negotiations on free trade and cooperation in the energy sector at a trilateral meeting in Tokyo
14 SEPTEMBER 2016
The Chinese diaspora’s role in the rise of China
From the outset of China’s economic reform era, diaspora Chinese have provided the lion’s share of inward foreign investment. This has been concentrated in export-oriented sectors, driving growth of transnational production networks that today bind China’s neighbours to it through the world’s most integrated intraregional trading system
12 SEPTEMBER 2016
Russia-China Economic and Trade Partnership Falters
Russian-Chinese trade fell by 5 percent year-on-year to $28 billion in the first six months of 2016, mainly because of plummeting prices for commodities such as oil, gas, lumber, metal and coal, Russia’s main exports. At the same time, the U.S. remains China’s most important economic relationship with bilateral trade between the two hitting $263 billion in the first half of this year
18 AUGUST 2016
Reconstructing China’s steel industry
China’s annual production of crude steel reached 804 million tonnes in 2015, 6.3 times higher than the total production in 2000. It accounts for nearly 50 per cent of total global steel output, http://www.eastasiaforum.org/2016/08/18/reconstructing-chinas-steel-industry/#more-51883a jump from only 15 per cent at the end of the previous century
18 JULY 2016
China upset over Pakistan’s handling of China-Pakistan Economic Corridor (CPEC)° project
Due to delays in the development of China-Pakistan Economic Corridor (CPEC), the authorities in Beijing have suggested Islamabad to formally rope in the Pakistan Army to ensure smooth execution of the project
15 JULY 2016
China GDP: Economy beats expectations with 6.7pc growth
In the face of deteriorating conditions, China’s economy has defied expectations of a slowdown with GDP growth for the June quarter holding steady at 6.7 per cent
5 JULY 2016
China revises GDP calculation
China’s National Bureau of Statistics (NBS) has adopted a new method of calculating GDP that it says « better reflects the contribution of innovation to economic growth. »
28 JUNE 2016
China’s first regional jet takes maiden flight
China’s first commercial regional jet, the ARJ21, took maiden flight from Chengdu city in southwestern China’s Sichuan Province to Beijing on Tuesday, marking a landmark success
13 JUNE 2016
China’s fixed asset investment slumps to 16-year low
China’s fixed asset investment — a proxy for construction and infrastructure spending — slows to its slowest rate of growth since 2000, suggesting the impact of financial stimulus injected into the economy is already starting to wane
3 MAY 2016
Is China making life difficult for foreign companies?
Once, China welcomed them with open arms, but now overseas firms are complaining about the country’s increasingly hostile business environment as concerns rise over protectionism, forced technology transfers and tightening censorship
2 MAY 2016
China completes implementation of VAT scheme
China has replaced all business tax with value-added tax (VAT) after extending the policy to cover the construction, real estate, finance and consumer services sectors
26 APRIL 2016
China’s ‘Triple Bubble’ Economy Poised to Burst
After a nearly disastrous start to the year in January and February, China’s economy steadied itself in March. Now, the early April indicators suggest a continuation of the uptick
1 APRIL 2016
China manufacturing rebounds unexpectedly
An unexpected expansion in Chinese manufacturing has provided cause for renewed optimism in the world’s second largest economy. Last year China saw its slowest economic growth in a quarter of a century
23 MARCH 2016
China offers $11.5 billion in loans, credit to 5 Mekong River nations
Premier Li Keqiang said that China will be using money to build its influence with its neighbors in Southeast Asia, specifically, the five countries along the Mekong River
16 MARCH 2016
Lawmakers approve China’s five-year plan against economic headwinds
Chinese lawmakers on Wednesday approved the country’s economic and social development blueprint for the 2016-2020 period, which sets targeted average annual economic growth at above 6.5 percent in the next five years.
12 MARCH 2016
Foreigners in China to get better legal service
China’s top judge has asked the courts to improve the legal environment through better handling of disputes involving foreigners, particularly in the marine sector, as the country opens wider to the outside world and tries hard to attract overseas enterprises
11 FEBRUARY 2016
Latin America: China’s power play right under the U.S.
Chinese banks sent nearly $30 billion in loans to Latin American governments last year, more than double the amount from 2014. It’s also more money than the World Bank and Inter-American Development Bank gave to the region last year combined, according to the Inter-American Dialogue, a non-profit in Washington.
3 FEBRUARY 2016
China top planner: GDP will grow 6.5% to 7% this year
On the heels of the Chinese manufacturing sector posing its lowest reading in three years, China’s top economic planner reinforced previous forecasts and said the world’s second-biggest economy will grow between 6.5% and 7% this year
19 JANUARY 2016
China economy grew 6.9% in 2015, slowest pace in 25 years
The official figures released on Tuesday (Jan 19) confirm a loss of momentum in the world’s second-largest economy that is rippling around the world and spooking global financial markets
16 JANUARY 2016
China-initiated AIIB officially launched
The Asian Infrastructure Investment Bank (AIIB), a China-initiated multilateral bank, started operation on Saturday, marking a milestone to reform global economic governance system.
11 JANUARY 2016
Five myths about China’s economy
When China’s stock market tumbles — as it did this past week — world markets can’t help but feel the effects. But how worried should we be about China’s economy? It may be the second largest in the world, yet it remains opaque and misunderstood. Here are five common misconceptions
25 DECEMBER 2015
The good and bad of China’s economy in 2015
The Chinese economy this year has been marked by slackening growth and a stock market meltdown. But the Asian giant also scored successes in its attempts to become a major global financial player
2 DECEMBER 2015
China has just become a global financial giant
China has taken another fateful step towards gaining full recognition as a global economic superpower. The International Monetary Fund recently decided, with the United States’ support, to admit Chinese yuan, also known as renminbi, into the « special drawing rights » basket of elite currencies along with the US dollar, euro, pound sterling and yen
30 NOVEMBER 2015
South Korea’s Assembly ratifies FTA with China
The National Assembly ratified a free trade agreement (FTA) with China, Monday, after weeks of tug-of-war negotiations over how to protect farming and other industries that will suffer from the deal
3 NOVEMBER 2015
China unveils Thirteenth Five-year Plan roadmap
The Communist Party of China (CPC) on Tuesday issued the full text of proposals for mapping out a blueprint for China’s development over the next five years starting 2016
2 NOVEMBER 2015
First ‘Made in China’ passenger jet unveiled
The Commercial Aircraft Corp. of China showed off the first of the C919 twin-engine planes in a ceremony attended by some 4,000 government officials and other guests at a hangar near Shanghai’s Pudong International Airport
22 OCTOBER 2015
China, UK sign mega nuke power deal
China’s President Xi Jinping committed to a multibillion- dollar deal to finance nuclear power stations in Britain, crowning a visit that Prime Minister David Cameron hopes will unleash a wave of investment from the world’s second largest economy
13 SEPTEMBER 2015
China unveils details of state-firm reforms
China unveiled details on Sunday of how it would restructure its state-owned enterprises (SOEs), including partial privatization, as data pointed to a cooling in the world’s second-largest economy
29 JUNE 2015
China-led AIIB development bank holds signing ceremony
China has hosted the signing ceremony of the Asian Infrastructure Investment Bank (AIIB), a new international financial institution set to rival the World Bank and Asian Development Bank.
17 JUNE 2015
Australia and China sign ‘history making’ free trade agreement after a decade of negotiations
Australia and China have signed a free trade agreement with Prime Minister Tony Abbott hailing it as « history making » for both countries
5 JUNE 2015
Laos and China to Set Up Joint Company for High-Speed Railway
Laos is setting up a joint company with China to oversee the construction and financing of a multibillion-dollar, high-speed railway project that will link the two neighboring countries and extend to Thailand, according to a transport ministry official
1 JUNE 2015
China, S. Korea sign free-trade pact
China and South Korea on Monday formally signed a free-trade agreement that would remove most tariffs between Asia’s largest and fourth-largest economies, whose trade is already worth more than US$200 billion.
14 APRIL 2015
China gets 40-year rights at Pakistani port
China has been granted operation rights for 40 years at a port in Gwadar, a strategic deep-water seaport in Pakistan, Hong Kong-based Pheonix TV reported on Tuesday
6 JANUARY 2015
China eases rare earths controls after WTO gripe
China has scrapped its export quotas for rare earths, minerals used in mobile phones and other high-tech products, after losing a World Trade Organization (WTO) case brought by Washington and other trading partners over controls that alarmed global technology producers.
30 NOVEMBER 2014
Private not state firms are China’s growth engine
Virtually every dimension of China’s economic success over the past three-and-a-half decades can be attributed largely to the rise of markets and private businesses. Private firms account for almost all the growth in employment, most of the expansion of output and investment in manufacturing, and in recent years for over half of the growth in exports. Because they are more productive, private firms have largely displaced state firms in sectors that are open to entry. State firms remain completely dominant only in natural monopolies, such as electric power and rail transport, and in sectors where entry is restricted: upstream oil and gas, financial services, and telecommunications.
17 NOVEMBER 2014
Australia and China seal major free trade deal
China and Australia have sealed a major free trade agreement, as Chinese President Xi Jinping made a rare address to parliament in Canberra.
9 NOVEMBER 2014
Russia, China Sign Energy Deals at APEC Summit
China and Russia have signed energy cooperation agreements on the sidelines of the annual Asia-Pacific Economic Cooperation summit in Beijing.
8 NOVEMBER 2014
APEC voices cautious support for China FTZ
A Pacific Rim summit on Saturday voiced cautious support for a vast free-trade zone proposal being pushed by China in the face of reported resistance from the United States, which is promoting its own regional trade pact
3 NOVEMBER 2014
Chinese Investment in Central Asia: With or Without the SCO?
The 14th annual Shanghai Cooperation Organization (SCO) summit came to a close in Dushanbe, Tajikistan on September 12 with a prominent political agreement in tow: India and Pakistan are expected to be inaugurated into the ranks of SCO member states, significantly expanding the geographic reach and political diversity of the organization.
24 OCTOBER 2014
China and 20 other countries sign up to regional bank
The signatories put their names to a memorandum of understanding to establish the Asian Infrastructure Investment Bank (AIIB) at a ceremony in the Great Hall of the People in Beijing http://news.asiaone.com/news/business/china-and-20-other-countries-sign-regional-bank
23 OCTOBER 2014
Renminbi stepping in right direction toward internationalisation
To align the RMB with its growing global stature, the PRC has embarked on a strategy to internationalise the RMB. Typically, it is taking a gradual approach. In this, it has embarked on a number of initiatives designed to encourage the wider use of the RMB and raise its status in the international monetary system.
16 OCTOBER 2014
China is poised to report its slowest growth since the financial crisis
Gross domestic product is forecast to have expanded by 7.2% in the third quarter, compared to the same period last year, according to a median estimate of 15 economists. That puts economic growth at its slowest pace since the first quarter of 2009, and well short of 7.5% expansion in the second quarter.
16 OCTOBER 2014
China overseas investment almost doubles in September: Govt
China’s overseas investment almost doubled year-on-year to US$9.79 billion (S$12.4 billion) in September, the government said Thursday, again exceeding incoming funds even though they recovered from multi-year lows
10 OCTOBER 2014
Li seals German deals worth $18b
Deals worth more than $18 billion were signed as Premier Li Keqiang met German Chancellor Angela Merkel on Friday in the third round of top-level talks this year between the Asian and European export powerhouses.
9 OCTOBER 2014
Is China’s Bubble the Next Financial Crisis?
Will China be the source of the next global financial disaster? The evidence increasingly offers reason for concern, though the nature of any calamity could be very different from what the world endured in 2008.
Chinese president declares victory in austerity campaign
Chinese President Xi Jinping (習近平) has declared victory after a 15-month-long austerity campaign that cut US$8.6 billion in public spending, state media said, as he pledged not to relent against official corruption.
8 SEPTEMBER 2014
China’s paradox: unemployment, and a lack of workers
This paper provides a few perspectives on the Chinese labour market, which combines a labour shortage with challenges for job seekers.
China August trade surplus up 77.8 per cent on-year at record $62.4 billion
China’s trade surplus surged 77.8 per cent to a record $62.4 billion in August, as exports rose while imports showed a surprise decline.
1 SEPTEMBER 2014
China Authorizes Local Governments to Issue Bonds
China’s Finance Ministry released on Monday a long list of amendments to the country’s budget law that included removing a 20-year ban on local and regional governments from issuing bonds.
21 JULY 2014
China debt tops 250% of national income
China’s total debt load has climbed to more than two and a half times the size of its economy, underscoring the difficult challenge facing Beijing as it seeks to spur growth without sowing the seeds of a financial crisis
18 JULY 2014
Brand wars: Battling China’s trademark ‘squatters’
Savvy to China’s complex trademark laws, these individuals target valuable foreign brands and register them as trademarks in China.
10 JULY 2014
China’s yuan ‘a growing force in global finance’
China’s yuan is a growing force in global finance, more than doubling in use over the past year, according to a new study from the Institute of International Finance Thursday
3 JULY 2014
China and South Korea poised for bilateral trade deal
Chinese and South Korean leaders have pledged to sign a bilateral trade agreement by the end of this year and introduce direct trading of their currencies to spur cross-border renminbi transactions and deepen economic ties in two of Asia’s largest economies.
1 JULY 2014
China and ASEAN’s Economic Integration: Developments & Opportunities
A collection of articles published by China Briefing on this topic
27 JUNE 2014
China Considers Economic Benefit to Joining Trans-Pacific Partnership
Joining the Trans-Pacific Partnership (TPP) would add two percentage points to China’s annual GDP, according to the new chief economist of the People’s Bank of China, Ma Jun
25 JUNE 2014
China’s growing reach in South Asia
China’s economic reach in the South Asian region has grown considerably since the late 1990s, while that of India has lagged behind
8 JUNE 2014
China’s trade surplus rises to $36bn in May
China’s exports grew in May but a drop in imports signalled a possible weakening of demand in the world’s second-largest economy
3 JUNE 2014
China-ASEAN Wage Comparisons and the 70 Percent Production Capacity Benchmark
As wage increases in China continue to rise – along with the comparatively high national welfare costs – increasing comment is being made as to the legitimacy of the “China Plus One” scenario. Coined some years ago, this theory – in reality, more of a shrewd observation – suggests that future manufacturing capacity will be placed both in China and externally in another location by the same manufacturer.
21 MAY 2014
China and Russia sign gas deal worth $400bn
China and Russia have signed a long-awaited natural gas supply deal, which will see Moscow supply 38 billion cubic metres (bcm) of gas to Beijing each year for 30 years under a contract valued in excess of $400bn overall
11 MAY 2014
A growing headache for the Chinese economy
Its people won’t stop saving and spend their money, while local authorites and state businesses won’t stop borrowing
9 MAY 2014
China inflation decelerates to 18-month low
China’s inflation eased in April, giving the government more leeway if needed to stimulate the slowing economy, reports Bloomberg’s Mark Barton
27 APRIL 2014
China’s WTO loss a win for Asian access to US energy market
In late March, a World Trade Organization ruling found that China’s restrictions on the export of rare earth elements (REEs) violate international law
17 APRIL 2014
China to appeal WTO rare earth ruling
China will appeal a ruling by the World Trade Organisation (WTO) that its export restrictions on rare earths and other resources broke international rules, the commerce ministry said
14 APRIL 2014
China group buys $6bn Glencore Peru copper mine
A Chinese consortium is buying Glencore Xstrata’s copper mine in Peru in a $6bn (£3.6bn) all-cash deal, marking one of China’s largest mining acquisitions
China to revise foreign investment law
Chinese officials are soliciting ideas to build a level playing ground for all businesses, domestic and overseas
5 MARCH 2014
China targets 7.5% economic growth for 2014
China is targeting growth of about 7.5 percent in 2014, Premier Li Keqiang said, unchanged from last year as the government tempers expectations for an economy transitioning to a more sustainable model
2 MARCH 2014
China becomes No.1 goods trading country
China was the world’s largest goods trading nation in 2013, China’s Ministry of Commerce (MOFCOM) announced over the weekend, citing data from the World Trade Organization
22 JANUARY 2014
China approves 12 new free trade zones: State media
China has approved a dozen new free trade zones months after opening its first one in Shanghai, state media said on Wednesday, furthering efforts to test economic reforms and bolster growth
20 JANUARY 2014
China’s GDP growth falls to 14-year low at 7.7 percent
China’s economic growth decelerated in the final quarter of 2013 and appears set to slow further, adding to pressure on its leaders to shore up an expansion as they try to implement sweeping reforms
15 JANUARY 2014
China’s economic balancing act
Like most reforms, the economic reforms announced by Beijing may produce sustainable long-term growth, but they will almost certainly dampen growth in the short term.
10 JANUARY 2014
China to overtake U.S. as world’s top trader
China reported Friday that its total trade for 2013 reached $4.2 trillion, a sharp increase over the previous year. It is the first time the world’s most populous country has cleared the $4 trillion barrier, a feat accomplished despite lackluster numbers for the final month of the year.
12 NOVEMBER 2013
China vows ‘decisive’ role for markets, results by 2020
China’s ruling party pledged to let markets play a « decisive » role in allocating resources as it unveiled a reform agenda for the next decade on Tuesday, looking to overhaul the world’s second-largest economy to drive future growth.
9 NOVEMBER 2013
China inflation 3.2% in October
The rise from the same month last year in the consumer price index (CPI), a main gauge of inflation, was a marginal increase from the 3.1% recorded in September and marks an eight-month high.
3 NOVEMBER 2013
Chinese premier warns slowing growth raises job concerns
China’s slowing growth poses a major challenge to job creation for the world’s most populous nation and the country will need to achieve a « golden » balance between structural adjustment and growth, Premier Li Keqiang was quoted as saying on Sunday.
18 OCTOBER 2013
Legal Services Reform in China: Limitations, Policy Perspectives, and Strategies for the Future
10 OCTOBER 2013
Time for financial reform in China
By the time China becomes the largest economy in the world, the market will expect to see liberalised macro settings and an economy that is more open to the world.
9 OCTOBER 2013
China has overtaken the US as the world’s top oil importer.
After decades as the world’s biggest market for the international oil trade, America is ceding that position, the US Energy Information Administration said this week. The implications for international relations and global security are profound.
23 SEPTEMBER 2013
Why big American businesses fail in China
If Tolstoy had written a history of foreign corporations in China, it might have started something like this: « Companies that succeed in China do so for similar reasons; every company that fails, fails in its own way. »
20 SEPTEMBER 2013
China’s spending 39% of its GDP paying off debts
China pumped $3.4 trillion into China’s economy last year, according to a new report by credit rating agency Fitch. And for another fun number: local governments have amassed $3.3 trillion in debt, says a Chinese government-affiliated economist.
18 SEPTEMBER 2013
Restoring Confidence in China’s Banks
China Banking Regulatory Commission Chairman Shang Fulin, in the clearest preview so far of the task facing the government in restoring public confidence in the country’s banking system, earlier this week outlined a far-reaching six-part plan to address the system’s many ills
17 SEPTEMBER 2013
How to handle a Chinese government raid. Very carefully
Five Chinese government officials knock on your company’s door with a search warrant. What do you do?http://www.chinalawblog.com/2013/09/how-to-handle-a-chinese-government-raid-very-carefully.html
China’s shadow banking tug of war
The party is over for Chinese banks, who have for the last few years enjoyed record profits. Since the end of 2008, the Chinese leadership’s desperate bid to keep the wheels of growth turning has let a flood of credit into the banking system and led to an unprecedented US$6.2 trillion of bank loans to state-owned companies and local governments.
10 SEPTEMBER 2013
Nation vaults to world’s 3rd-largest investor
Even as global outward foreign direct investment contracted last year, China set records in this area, becoming the world’s third-largest investor, a government report said on Monday.
4 SEPTEMBER 2013
‘Diamond decade’ ahead for China, Asean
Trade and investment between China and the Association of Southeast Asian Nations are expected to more than double by 2020, Premier Li Keqiang said on Tuesday.These goals are part of what the premier calls a « diamond decade » of relations the two must strive to achieve. Trade is expected to reach US$1 trillion in 2020, compared with $400 billion last year, Li said at the 10th China-Asean Expo, which opened on Tuesday in Nanning, capital of the Guangxi Zhuang autonomous region
26 AUGUST 2013
China says economy stabilizing after long slowdown
China’s government tried Monday to reassure companies and its public about the economy’s health, saying growth is stabilizing after a lengthy decline and should hit the official target of 7.5 percent for the year.
28 JULY 2013
China ‘orders audit of government debt’
China has called for an audit of all government debt, the national auditor announced Sunday, as concerns grow over official liabilities in the world’s second-largest economy.
25 JULY 2013
China unveils fresh measures to boost growth
China has unveiled a series of moves aimed at boosting growth, indicating that policymakers are concerned about the slowdown in its economy.
24 JULY 2013
China manufacturing continues to lose steam
China’s manufacturing industry has seen its growth slow down to an 11-month low in July, as the job market weakened, a survey has revealed, indicating that the world’s second-largest economy is losing steam.
19 JULY 2013
China frees banks to set their own lending rates
Chinese authorities have given the banking industry greater freedom by allowing banks to set their own lending rates.
10 JULY 2013
Chinese exports fall, ‘grim’ outlook warning
The Customs service reported exports were down 3.1 percent from the same month last year. They had been forecast to rise 4.0 percent. It was the first decline since January of last year. http://www.euronews.com/2013/07/10/chinese-exports-fall-grim-outlook-warning/
5 JULY 2013
China, Pakistan ink transport pact
China and Pakistan signed an agreement on Friday on the blueprint for a huge transport project linking northwestern China to the Arabian Sea. http://www.chinadaily.com.cn/china/2013-07/06/content_16739853.htm http://asiancorrespondent.com/110307/pakistan-china-set-sights-on-arabian-sea-link/
22 JUNE 2013
China in US$270b oil deal with Russia
China and Russia are to deepen their existing energy industry cooperation after signing a deal to supply oil to China worth US$270 billion over the next 25 years. http://www.asianewsnet.net/China-in-US$270b-oil-deal-with-Russia-48257.html
13 JUNE 2013
EU complains to WTO over Chinese stainless steel duty
The European Union lodged a complaint at the World Trade Organisation against China over duties on EU made stainless steel tubes. http://www.euronews.com/2013/06/13/eu-complains-to-wto-over-chinese-stainless-steel-duty/
9 JUNE 2913
China Faces Turning Point On Labor
China is facing a major shift in labor availability as the government considers plans to transform the economy, experts say. http://www.eurasiareview.com/09062013-china-faces-turning-point-on-labor-analysis/
6 JUNE 2013
Nicaragua gives Chinese firm contract to build alternative to Panama Canal
Nicaragua has awarded a Chinese company a 100-year concession to build an alternative to the Panama Canal, in a step that looks set to have profound geopolitical ramifications. http://www.guardian.co.uk/world/2013/jun/06/nicaragua-china-panama-canal
5 JUNE 2013
China launches inquiry into European wine exports as trade war fears grow
China has escalated a trade dispute with the European Union by announcing an anti-dumping investigation into EU wine exports, in the wake of Brussels’ decision to slap tariffs on Chinese solar panels. http://www.guardian.co.uk/business/2013/jun/05/china-europe-wine-exports-trade-war http://www.bbc.co.uk/news/business-22778022
4 JUNE 2013
China solar panel duties imposed by EU
The European Commission has announced it is imposing temporary anti-dumping levies on Chinese solar panel imports. http://www.bbc.co.uk/news/business-22766639
China’s Search for A New Energy Strategy
Much like the United States, China has an “all of the above” energy strategy: it plans to continue to rely on traditional sources of energy even as it makes the transition to cleaner fuels. And this is only natural. Both countries are continent-sized economies with diverse energy needs and geographically dispersed resources. http://www.foreignaffairs.com/articles/139425/damien-ma/chinas-search-for-a-new-energy-strategy
28 MAY 2013
China recognises that not all bubbly is Champagne
Beijing said Tuesday that only sparkling wines produced in Champagne can use the name in China, giving the region’s wine makers a long sought after victory in its bitter battle to stop the name from being abused. http://www.france24.com/en/20130528-china-recognises-bubbly-champagne-france-wine%20
27 MAY 2013
EU opposes plan to impose duties on solar panels from China
A majority of EU governments oppose a plan to impose hefty duties on solar panel imports from China, a survey of member states showed on Monday 27, undermining efforts by Brussels to pressure Beijing over its trade practices. http://www.guardian.co.uk/world/2013/may/27/eu-duties-chinese-solar-panels
27 MAY 2013
China’s next big round of economic reform
There is every sign that the new Chinese leadership is contemplating a major round of economic reform comparable to that when Zhu Rongji took China into the WTO more than a decade ago. http://www.eastasiaforum.org/2013/05/27/chinas-next-big-round-of-economic-reform/
24 MAY 2013
China Plans to Reduce the State’s Role in the Economy
The Chinese government is planning for private businesses and market forces to play a larger role in its economy, in a major policy shift intended to improve living conditions for the middle class and to make China an even stronger competitor on the global stage. http://www.nytimes.com/2013/05/25/business/global/beijing-signals-a-shift-on-economic-policy.html?pagewanted=all&goback=%2Egde_1212327_member_244002688&_r=0
17 MAY 2013
How to protect your IPR in China
One of the biggest challenges for European small to medium sized enterprises (SMEs) is preserving their intellectual property. i.e. their products, their brand or their customers. To better understand this euronews has looked at the experience of some German enterprises in Suzhou, near Shanghai, which have learned the process the hard way.” http://www.euronews.com/2013/05/17/how-to-protect-your-ipr-in-china/
16 MAY 2013
China threatens own trade action if EU opens telecoms case
China threatened on Thursday to retaliate if the European Union formally opens an investigation into alleged anti-competitive behaviour by Chinese mobile telecom equipment companies. http://www.asiaone.com/News/AsiaOne%2BNews/Asia/Story/A1Story20130516-423240.html http://www.aljazeera.com/news/asia-pacific/2013/05/201351616579384597.html
29 MARCH 2013
Inflation continuing to rise – an early warning or just a seasonal effect?
Data released in February by the Chinese National Bureau of Statistics showed a continued rise in inflation. The rate for the month was 3.20 %, its highest rate in since April 2012. http://gbtimes.com/focus/economy/inflation-continuing-rise-early-warning-or-just-seasonal-effect
20 MARCH 2013
China’s hidden debt risk
Since China’s era of reform and opening up began, the country has experienced three instances of large-scale public-finance problems. http://www.project-syndicate.org/commentary/the-structural-threats-to-china-s-financial-stability-by-zhang-monan#ILCW1OM6I1MmzASr.99
13 MARCH 2013
Troubles with airport expansion in China
China’s current transportation development plans call for huge numbers of new airports, but building them looks to be untenable, both economically and environmentally. http://www.eastasiaforum.org/2013/03/18/troubles-with-airport-expansion-in-china/
23 FEBRUARY 2013
Why A China Crash May Be Imminent
Those silly enough to believe that China‘s economy has “recovered” should at least been given some pause by this week’s events. For China surprised the market with moves to reduce liquidity in the banking system and curb the property market. Clearly, the government is worried about the re-appearance of bubbles due to excessive credit growth. And they should be worried because it’s obvious that the bubbles which caused China’s slowdown never went away. In fact, they’ve gotten worse from government stimulus designed to prevent a hard economic landing. These government actions have made the chances of an imminent China crash more likely. http://www.forbes.com/sites/jamesgruber/2013/02/23/a-china-crash-may-be-imminent/?goback=%2Egde_4023266_member_220466701
11 FEBRUARY 2013
China’s individual, private businesses top 40.6 mln: SAIC
China’s individually-owned businesses and private enterprises topped 40.6 million around January end, according to the State Administration for Industry and Commerce (SAIC). They are providing jobs for about 80 million people and report 2 trillion yuan ($321.03 billion) in capital. http://www.globaltimes.cn/content/761190.shtml
8 FEBRUARY 2013
China trade and loan surge boosts economy
The latest economic statistics from China show a solid recovery in domestic and overseas demand. http://www.euronews.com/2013/02/08/china-trade-and-loan-surge-boosts-economy/
4 FEBRUAY 2013
CAP1400, the nuclear reactor innovated by Chinese company State Nuclear Power Technology Corp will be ready for export some time this year.
The design is based on an earlier model by the Westinghouse Electric Co., but the new Chinese unit has increased efficiency and advanced nuclear technology. The partnership to work on the development of the CAP1400 reactor with Westinghouse began in 2008 and will be followed up by research on the CAP1700 this year. http://gbtimes.com/focus/business/news/china-ready-export-nuclear-reactor
28 JANUARY 2013
Can China keep growing?
There was much breathless speculation towards the end of last year about whether China’s growth was running out of puff. http://www.eastasiaforum.org/2013/01/28/can-china-keep-growing/
18 JANUARY 2013
China’s economic growth slows
China’s economy grew at its slowest pace since 1999 last year, but it seems to have avoided a sharp economic slowdown – or “hard landing”. http://www.euronews.com/2013/01/18/china-s-economic-growth-slows/ http://www.aljazeera.com/news/asia-pacific/2013/01/201311853244143303.html
4 JANUARY 2013
China set to boost international trade
China’s trade policies will become more open to boost its sluggish imports and exports this year, despite being set to miss its trade target for 2012, according to a senior official http://www.asianewsnet.net/China-set-to-boost-international-trade-40955.html
31 DECEMBER 2012
China to resume import tax for some goods in 2013
China will reimpose import tax on some goods – including solar equipment, natural gas pipelines and railway machinery – from 2013 to help domestic manufacturers, the finance ministry said http://www.asiaone.com/News/AsiaOne%2BNews/Asia/Story/A1Story20121231-392720.html
26 DECEMBER 2012
China opens world’s longest high-speed rail route
China has officially opened the world’s longest high-speed rail route, linking the capital Beijing with the southern commercial hub of Guangzhou. http://www.bbc.co.uk/news/world-asia-china-20842836 http://www.euronews.com/2012/12/26/the-train-takes-the-strain-from-the-plane-in-china/
21 DECEMBER 2012
Does China Belong in the WTO?
24 NOVEMBER 2012
China Eastern seals $5.4 billion deal to buy 60 A320s
China Eastern Airlines, one of the country’s top three carriers, has agreed to buy 60 Airbus (EAD.PA) A320 aircraft for about $5.4 billion, expected to be delivered in stages from 2014 to 2017.
18 NOVEMBER 2012
Charting China’s Economy: 10 Years Under Hu
After 10 years behind the big desk at Zhongnanhai, what is Mr. Hu’s economic legacy? China Real Time charts it out:
9 NOVEMBER 2012
China’s economy to overtake US in next four years, says OECD
China will overtake the US in the next four years to become the largest economy in the world, says a leading international thinktank.
1 NOVEMBER 2012
China’s New Leaders Face Economic Challenges
It remains unclear what plans China’s new leaders have for the state-owned enterprises, but the stakes are high. Maintaining a stable economy is a key reason why Chinese remain willing to accept the party’s continued monopoly on political power.
14 OCTOBER 2012
The ‘new normal’ of Chinese growth
Growth of Chinese GDP decelerated to 7.8 per cent in the first half of 2012 from 9.6 per cent a year ago
14 SEPTEMBER 2012
China ready to further liberalize RMB capital account
« China is now ready to further liberalize its renminbi capital account, » said Dai Xianglong, chairman of the National Council for Social Security Funding (NCSSF) and the former governor of the People’s Bank of China, on Wednesday 12 during the Summer Davos 2012 in Tianjin
10 AUGUST 2012
Chinese exports and imports slow down
Exports grew in July by only 1 per cent (against June’s 13 per cent), the lowest since 2009. Imports rose 4.7 (a month earlier it was 6.3). Industrial output declines. Inflation drops because of lower pork and poultry prices.
24 JULY 2012
China’s sinking shipyards
The world’s economic crisis and overcapacity have hit the once-prosperous industry. This year, only 182 ships are under construction compared to 2,036 in 2007. Jiangsu province is the worst-hit with a 62 per cent drop in orders.
23 JULY 2012
China bids $15bn for Canada’s Nexen
China’s Cnooc has agreed to buy a Canadian oil group for $15.1bn plus debt, the largest overseas acquisition by a Chinese company if completed.
13 JULY 2012
China’s economic growth rate continues to slow
Between April and June year-on-year growth was 7.6 percent – down from 8.1 percent in the first quarter. That was the slackest pace in more than three years.
8 JULY 2012
China’s premier warns of further economic slowdown
China’s economy faces “huge pressure” to slow further despite stimulus measures, Premier Wen Jiabao said Sunday 8 July, damping hopes for a quick recovery from the deepest slump since the 2008 global financial crisis.
24 JUNE 2012
Chinese investment in US set to ‘double’
Chinese investment in the United States is likely to double soon thanks to lower costs and more local incentives, a US official said on the weekend.
23 JUNE 2012
China offers credits for investment from Taiwan
Four Chinese state banks will offer up to US$95 billion in credit to Taiwanese investments in business on the mainland, the director of Beijing’s Taiwan Affairs Office Wang Yi told a conference in Xiamen
20 JUNE 2012
China vows stricter rare earth regulation
China on Wednesday pledged to more strictly regulate its rare earth industry, saying its regulations are aimed at protecting the environment and are in line with WTO rules. As the world’s largest producer of rare earth metals, China will continue to intensify regulations for the sector while supplying the global market in line with WTO rules, according to a government white paper issued Wednesday. The country will implement stricter environmental standards and protective exploitation policies for the rare earth industry, said the white paper, published by the Information Office of the State Council, or China’s cabinet.The government will continue to enforce regulations on the mining, production and export of rare earth metals, improve relevant laws and regulations and crack down on all violations, it said.
1 JUNE 2012
China to restart nuclear power programme
Beijing has indicated that it will lift its year-long moratorium on new nuclear projects in a move that will breathe life into an industry plagued by uncertainty since the disaster at Japan’s Fukushima Daiichi reactor last year
29 MAY 2012
Rising minimum wages are changing China’s economy
The southern city of Shenzhen raised it’s minimum wage by 15.9 percent to 1,500 yuan (238 USD) as of February 2012. Beijing, the capital of China, also raised its minimum wage recently. The minimum wage was raised by 8.6 percent, on top of increases of 20 percent and 20.8 percent in the two previous years. The minimum wage in Beijing today is 1,260 yuan
25 MAY 2012
China’s economy suffers ‘sharp slowdown’
A nationwide real estate downturn, stalling exports and declining consumer confidence have produced what a Chinese cabinet adviser, quoted on the official government Web site on Thursday, characterized as a “sharp slowdown in the economy.”
12 MAY 2012
China cuts reserve requirement
China’s central bank cut the amount of cash that banks must hold as reserves on Saturday, freeing an estimated Rmb400bn ($63.5bn) for lending to head-off the risk of a sudden slowdown in the world’s second-largest economy
11 MAY 2012
China’s economy slows down further
China’s economy is slowing down further, national figures suggest, with data for April showing sharper than expected declines in investment and industrial production
19 APRIL 2012
ASEAN to become top trade partners
The members of the Association of Southeast Asian Nations will together become China’s top trading partners within the next three years, a trade organization predicted on Wednesday.
9 APRIL 2012
China sets up rare earth body to streamline the sector
China has set up a rare earth association in a bid to streamline the sector’s development, as it continues to face criticism over its policies
30 MARCH 2012
US exports to China pass $100b in 2011
China imported over 100 billion US dollars of goods and services from the US for the first time in 2011, according to a report released by the US-China Business Council on Wednesday
17 MARCH 2012
Calls to advance trade ties
China should accelerate its steps in advancing a free trade agreement with Japan and South Korea and promoting the integration of the Asian economies, the Ministry of Commerce said on Friday
10 MARCH 2012
Chinese deficit widens as exports slump
China’s trade deficit hit $31.5bn in February as exports slumped, underscoring concerns about slowing global demand and cooling growth in the world’s second-largest economy
8 MARCH 2012
China ‘blocks Airbus deals’ in EU carbon levy spat
China has blocked firms from buying planes made by European manufacturer Airbus in a row over a carbon levy, the firm’s parent company EADS has said
5 MARCH 2012
Chinese PM sets path for slower growth
China’s prime minister has opened the 10-day annual session of the country’s nominal state parliament by cutting projected growth for the country to 7.5 per cent and pledging increased government spending in an effort to increase domestic consumption
10 FEBRUARY 2012
Chinese imports fall sharply in January
Chinese imports fell sharply in January, a sign of sluggish domestic demand that will fuel concerns about whether the fragile global economy can count on China as a bastion of growth
9 FEBRUARY 2012
Chinese inflation jumps to 4.5%
Chinese inflation jumped in January, breaking a streak of five straight monthly declines, but seasonal factors were largely to blame and price pressures were expected to weaken in the coming months
6 FEBRUARY 2012
Chinese airlines shun EU carbon tax
China said Monday it will bar its airlines from paying charges on carbon emissions of flights in and out of Europe. The United States and Russia also oppose the EU-imposed measures to rein in climate-changing gases, which came into effect this year
30 JANUARY 2012
China loses WTO appeal over raw materials exports
The World Trade Organisation’s appeals body has upheld a ruling that China restricted exports of certain raw materials to protect its domestic manufacturers
21 JANUARY 2012
Chinese firms invest $ 184 million in Taiwan in 3 years
Taiwan’s government said Saturday 21 that Chinese firms had invested around $184 million on the island since it relaxed rules on mainland investment in mid-2009 amid warming relations
17 JANUARY 2012
Chinese growth slows to near three-year low
China has announced its slowest rate of quarterly growth in two-and-a-half years as efforts to tame high inflation and global turbulence affected the world’s second largest economy. The government said on Tuesday 17 that economy achieved 8.9 per cent growth in the fourth quarter of 2011, the slowest expansion since the second quarter of 2009, when the economy grew 7.9 percent
28 DECEMBER 2011
China signs Afghanistan’s first oil extraction deal
China has signed Afghanistan’s first major oil exploration contract, a deal that could earn the wartorn country five billion euros over 25 years. China already has Afghanistan’s biggest foreign investment – a 2.6-billion-euro copper-mining contract
27 DECEMBER 2011
China building Asia’s biggest thermal power plant
BEIJING – China’s Shenhua Group will build the largest coal-fired power station in Asia over the next five years, the official Xinhua news agency said Tuesday 27, as the country struggles to meet its energy needs
14 DECEMBER 2011
China set to tax US-made car imports
In a statement, China’s commerce ministry said on Wednesday that it was taking action in response to damage to its car industry from US “dumping and subsidies”. The move will affect several larger vehicles popular in China, including sport utility vehicles made by Germany’s BMW and Mercedes-Benz brands at their US plants. Shares of BMW and Daimler, which owns Mercedes, fell 5 per cent and 3 per cent respectively on Wednesday
11 DECEMBER 2011
Chinese exports drop as EU debt crisis heightens
The growth of China’s exports in November has dropped to its lowest level since December 2009 as demand for made-in-China goods shrank due to the escalating European debt crisis
1 DECEMBER 2011
Chinese manufacturing activity slows
China’s manufacturing has recorded the weakest performance since the global recession eased in 2009, official data showed, vindicating Beijing’s move to free up credit as global woes hit its exports. The purchasing managers’ index (PMI) compiled by the China Federation of Logistics and Purchasing (CFLP) fell to 49 in November, down 1.4 points from October, the CFLP said in a statement on Thursday
15 NOVEMBER 2011
The IMF warns China over banks
The International Monetary Fund (IMF) has warned China about the possible « fragility » of its financial system. In a report published today, it states that China’s banks are strong enough to support isolated crises, but incapable of overcoming a crisis derived from overexposure to credit, housing bubbles, and the currency values.
The 126-page report is based on stress tests carried out on 17 Chinese banks, which cover 83% of the commercial banking system in the country. Prepared in June, it was released today with 29 recommendations to the Chinese authorities, fearing that reduced growth, and a housing bubble will lead to a credit crisis, similar to that afflicting the United States and which has caused the present global crisis
14 NOVEMBER 2011
Obama: China must play fair on trade
China needs « to understand that their role is different now than it might have been 20 years ago or 30 years ago when if they were breaking some
rules it didn’t really matter, it didn’t have a significant impact, » Obama said at the conclusion of the Asia-Pacific economic summit (APEC) in Hawaii on Sunday.
12 NOVEMBER 2011
Growing tensions over trade agendas at APEC summit
US President Barack Obama and his Chinese counterpart Hu Jintao presented competing trade agendas at the APEC summit Saturday, with Obama privately taking China to task for what he said Americans saw as « unfair » trade and currencypractices.
10 NOVEMBER 2011
China export growth dips as EU slows
Chinese exports slowed in October, pressured by the mounting woes in Europe and adding to the growth risks that could lead Beijing to ease monetary policy and slow the pace of renminbi appreciation.
29 OCTOBER 2011
China names new financial regulators
China has named new heads to three top financial regulatory posts, the official Xinhua news agency said, the first big step in a comprehensive leadership change that will culminate when its top political leaders retire.
14 OCTOBER 2011
China’s small firms see profits disappear
A large proportion of small-and medium-sized enterprises (SMEs) in the Pearl River Delta region of south China expect no profit over the next six months due to rising material and labor costs and shrinking overseas orders, a recent survey shows. This delta is one of China’s two leading industrial centers – the other is the area around the Yangtze Delta, where a credit crunch has caused many company bosses in the city of Wenzhou to flee. The survey, concluded in September, covered about 3,000 SMEs that have revenues of less than 30 million yuan (US$4.7 million), including firms based in Guangzhou, Hong Kong, Macau, Shenzhen and Zhuhai. Their average profit has already dropped
12 OCTOBER 2011
China and Russia are committed to expanding cooperation in economic, trade and energy, said a joint communique inked by the two countries as Russian Prime Minister Vladimir Putin made a two-day official visit to China.
11 OCTOBER 2011
China expands resource tax across the country
China will expand a tax on oil and natural gas sales to the entire country as of 1 November, to try and reduce consumption
28 SEPTEMBER 2011
Trade deficit with China cost nearly 2.8 million U.S. jobs since 2001
California was the hardest hit, losing nearly 455,000 jobs from 2001 to 2010 due to trade with the Asian giant, according to Robert the institute’s director of trade and manufacturing policy research. Texas lost nearly 233,000 positions the same way.http://latimesblogs.latimes.com/money_co/2011/09/trade-deficit-with-china-cost-nearly-28-million-us-jobs-since-2001.html
19 SEPTEMBER 2011
China and India Making Inroads in Biotech Drugs
Chinese and Indian drug makers have taken over much of the global trade in medicines and now manufacture more than 80 percent of the
active ingredients in drugs sold worldwide. But they had never been able to copy the complex and expensive biotech medicines increasingly used to treat cancer, diabetes and other diseases in rich nations like the United States — until now.
8 SEPTEMBRE 2011
Beijing to make yuan fully convertible by 2015
The yuan will achieve “full convertibility” by 2015, EU Chamber of Commerce in China President Davide Cucino said, citing officials of the Communist regime. Over the next few years, Beijing will put into place a gradual plan to reach full convertibility of its currency, which is currently
undervalued by as much as 35 per cent according to some analysts. Chinese officials have also said that London would become an offshore trading centre for the yuan
11 AUGUST 2011
Crash-weary China puts brakes on rail plans
China has suspended all new railway construction projects as controversy swirls over the nation’s high-speed network nearly three weeks after a fatal crash.
9 AUGUST 2011
China inflation rises to 6.5% in July
Chinese consumer inflation accelerated to 6.5 per cent from a year earlier, up from 6.4 per cent in June, according to data released by China’s National Bureau of Statistics. Inflation was driven mostly by volatile food prices, which soared 14.8 per cent in July from a year earlier
22 JUNE 2011
Beijing-Shanghai railway speed claim faked
Railway Ministry exaggerated the speed that a showcase rail link between Beijing and Shanghai is capable of operating at, a report said on Wednesday, citing a retired top engineer. Zhou Yimin, a deputy chief engineer at the ministry, told the financial magazine Caijing that the trains’
maximum operating speed should be 300kph rather than the originally targeted 350kph.
21 JUNE 2011
China buying Euro debt
China is going to help debt-ridden Europe by buying Euro bonds in lieu of dollar-labelled securities as it has done for years. This way it will help Europeans realise stable economic growth, Foreign Ministry spokesperson Hong Lei said a few days before Prime Minister Wen Jiabao starts a
visit to Hungary, Great Britain and Germany on 24-28 June
31 MAY 2011
Russia and China initial massive natural gas deal
Government negotiators on Tuesday reached general agreement on terms for long-term deliveries of gas that will bring Russia a welcome cash infusion and China additional fuel for its energy-hungry economy, a senior Russian official said.
26 MAI 2011
Chinese rare earth metals prices soar
A gravity-defying leap in the price of Chinese rare earth metals has triggered fears that the cost of components used in a range of goods from mobile phones to hybrid cars could soar.
16 MAY 2011
China to export nuclear technology
Beijing plans to build second-generation nuclear power plants in neighbouring countries, including Vietnam, Pakistan, Malaysia and others. At the same time, it wants to increase domestic civilian nuclear production six-fold by 2020. It has tightened security after Fukushima
EU president thanks China for euro help
China made a significant contribution to maintaining the stability of the euro zone and promoting the resurgence of the European economy. Europe shows gratitude for this,’ state media quoted Van Rompuy as saying during talks with Hu at Beijing’s Great Hall of the People.
6 MAY 2011
ODI set to overtake FDI ‘within three years
With an annual growth rate of « 20 to 30 percent », outbound direct investment (ODI) will overtake foreign direct investment (FDI) « within three years », a senior Ministry of Commerce official said.
29 MARCH 2011
China to maintain nuclear power goal
Beijing’s decision following the earthquake and tsunami damage to nuclear power plants in Japan this month to suspend approvals for its own new nuclear plants and to conduct a nationwide review of existing facilities and those under construction does not indicate a change is likely in
China’s atomic energy strategy, experts and senior government officials say
27 FEBRUARY 2011
China Reduces Growth Goal and Vows to Curb Inequities
Premier Wen Jiabao reduced China’s economic growth goals and said that the government would focus on ensuring the benefits of expansion were more evenly distributed.
25 FEVRIER 2011
Aviation sector has high hopes for next 5 yrs
China plans to invest 1.5 trillion yuan ($228.2 billion) in the aviation industry, building 45 airports and adding 700 new commercial planes, over the next five years to meet surging demand, a top regulator said on Thursday.
14 FEBRUARY 2011
Chinese economy overtakes Japan
China has become the world’s second-biggest economy after the US, pushing Japan to third place in 2010. Nominal GDP of $5.47 trillion in 2010 put Japan behind China’s $5.88 trillion, the data showed.
19 JANUARY 2011
China and US seal $45bn trade deals
The White House said on Wednesday that China had committed to buying $45bn worth of exports from the US, including a $19bn deal
for 200 Boeing air planes. Boeing said the aircraft will be delivered over the three-year period 2011-2013. The various deals will altogether support up to 235,000 jobs in 12 US states, according to the White House. In addition to the Boeing deal, China will also invest in US exports from agriculture, telecommunications and technology companies, including General Electric,
Honeywell and Navistar.http://english.aljazeera.net/news/americas/2011/01/2011119143513239307.html