2008 October
Trade & Supply Chain
China cuts taxes to boost cross-border trade
The Guardian, 31/10/2008
China is cutting taxes and increasing investment in regions near its borders to boost trade ties with its neighbours, the Finance Ministry said on Thursday.
China will scrap tariffs on...
Politics and Economics
Further cut in Chinese interest rates
Financial Times, 30/10/2008
The People’s Bank of China on Wednesday cut interest rates for the third time in six weeks, saying the benchmark rate for one-year loans by commercial banks would fall by 27 basis points to 6.66...
Politics and Economics
Output cuts spark fears over China economy
Financial Times, 30/10/2008
Signs are growing that China’s economy could be cooling quicker than expected, with a string of big industrial companies announcing production cuts over the past week.
The cuts have come as...
Industry and Manufacturing
Intel Capital invests in 3 China firms, clean tech
Reuters, 29/10/2008
Intel Capital, the investment arm of Intel Corp (INTC.O: Quote, Profile, Research, Stock Buzz), announced on Tuesday three investments in Chinese companies, including its first moves into the...
Politics and Economics
China presses insurers to buy shares
Financial Times, 29/10/2008
Beijing has ordered China’s insurance companies to buy more publicly traded shares to support the ailing stock market.
The China Insurance Regulatory Commission summoned the heads of...
Politics and Economics
Brown looks to China to strengthen IMF's hand
The Guardian, 29/10/2008
Gordon Brown will this weekend call on China and oil-producing countries in the Gulf to pump hundreds of billions of dollars into the International Monetary Fund to prevent the global financial...
Politics and Economics
China may lend Russia $25 bln as part of oil deal
Reuters, 28/10/2008
Russia and China will sign a much-delayed long-term oil supply deal on Tuesday and Beijing is in talks to lend Russian companies $20-$25 billion in export-backed loans, industry sources said on...
Communication and Culture
China 'no longer a poor country'
BBC, 28/10/2008
The latest report from China's statistics bureau suggests that it is no longer a low income country. It has progressed to become a lower middle income country, according to definitions...
Industry and Manufacturing
China works to ensure textile export growth in 2009
China Daily, 27/10/2008
China will take comprehensive measures next year to ensure a stable textile export growth, the Ministry of Commerce (MOFCOM) said on Sunday.
Since the country's textile export faces...
Politics and Economics
As China Goes, So Goes ...
The New York Times, 26/10/2008
As the world tips into recession, China’s economic decisions could affect how other countries fare in the downturn.
Over the last 30 years, China has hitched its economy to the...
Politics and Economics
Aluminium surpluses to grow despite China cutbacks
The Guardian, 24/10/2008
The global aluminium market is heading for big surpluses in the next couple of years as smelters outside China delay cutting output despite weak demand and falling prices, analysts said.
But...
Politics and Economics
China Urged to Fight Crisis by Asia, Europe Leaders
Bloomberg, 24/10/2008
China, the world's largest holder of foreign currency, will be pressed to get more involved in combating the global financial crisis at today's biennial summit of Asian and European...
Politics and Economics
China auto exports face adversity
China Daily, 23/10/2008
China's auto exports, which have advanced triumphantly in recent years, are now decelerating in the midst of the widespread financial crisis, automakers and industry analysts agree.
Politics and Economics
China Will Cut Interest Rates Again This Quarter, Survey Shows
Bloomberg, 23/10/2008
China will cut interest rates again this quarter after inflation eased and the global financial crisis sapped economic growth, according to all nine economists in a Bloomberg News survey.
Politics and Economics
Chinese economic growth slows to single digits
The Times, 21/10/2008
China's economic growth slowed in the third quarter of the year, slipping into single digits for the first time in four years, as the impact of an international slowdown seeped into the...
Industry and Manufacturing
China slowdown: after years of boom, powerhouse sends world a warning
The Guardian, 21/10/2008
China has fuelled fears over a global recession by warning that the financial crisis is damaging its economic growth.
Data released yesterday showed that China's gross domestic product...
Politics and Economics
If China spends its trillions, recession could be averted
The Guardian, 20/10/2008
The massive government interventions announced on both sides of the Atlantic in the last 48 hours may, just, have prevented the world's financial system from imploding. Alongside the largest...
Politics and Economics
China growth rate slides
Financial Times, 20/10/2008
China on Monday announced steps to boost its property market and help exporters after new data showed a sharper than expected decline in its growth rate, as the impact of the global financial crisis...
Politics and Economics
China still going strong
Macquarie National News, 17/10/2008
For the moment at least, China's exporters have defied slumping US and European economies as the annual Christmas supply period ramps up.
Figures released Monday night in Beijing reveal...
Industry and Manufacturing
Canton Fair feels pinch of global crisis
China Daily, 16/10/2008
The global financial crisis seems to have lowered the expectations of China's exporters as the country's leading trade fair, commonly known as the Canton Fair, opened in Guangzhou...
Industry and Manufacturing
Financial crisis hits China's auto exports
China Daily, 15/10/2008
The deepening and widening US financial crisis has seriously eroded global real economy, including China's auto export businesses.
Monthly sale of the world biggest auto market,...
Politics and Economics
China has muscles to push domestic growth: S&P
China Daily, 02/10/2008
China has the muscles to push short-term domestic growth, but Japan and South Korea will continue to grapple with various difficulties in trying to rev up their sluggish economic engines into higher...
Communication and Culture
Holiday tourists flock to Beijing, drawn in part by Olympic venues
China Daily, 01/10/2008
Tourist arrivals in Beijing rose 14.4 percent year-on-year in the first two days of the National Day holiday, with 635,000 travelers, many of whom packed historic sites and Olympic venues, tourist...
