2008 December
Industry and Manufacturing
Guangdong to remain China's economic powerhouse
Xinhau, 31/12/2008
The southern province of Guangdong, whose economic output exceeded 3.5 trillion yuan (512.1billion U.S. dollars) this year, remains China's economic powerhouse, a report said on Wednesday. The...
Industry and Manufacturing
Car production faces global fall until 2010
The Times, 30/12/2008
Car production in North America will sink to its lowest level for more than 20 years next year and output in Europe will fall to a 12-year low, with Britain hit the hardest, according to...
Politics and Economics
Recession opens US - China rift, Paulson talks bridged
Bloomberg, 29/12/2008
The global recession is re-exposing fissures in U.S.-China relations that Treasury Secretary Henry Paulson spent more than two years smoothing over. Heightened tensions between China and the U.S.
Politics and Economics
Firms urged to diversify export markets
China Daily, 24/12/2008
The country faces "grim prospects for exports" next year and so enterprises should look beyond traditional markets, the commerce minister said yesterday. More than 60 percent of the country's...
Politics and Economics
China won't devalue yuan to boost exports-minister
The Guardian, 24/12/2008
China will not devalue its currency to boost exports, Minister of Commerce Chen Deming said in an interview published in the official People's Daily on Wednesday. Chen made similar comments...
Politics and Economics
China FX reserves fall in Oct, first time since '03
The Guardian, 22/12/2008
China's foreign exchange reserves, the world's largest stockpile, shrank in October to less than $1.89 trillion, their first monthly fall since December 2003, a source familiar with the...
Politics and Economics
China's exports need repairs
China Daily, 22/12/2008
In November Chinese exports witnessed their worst collapse since 1999, and the downward trend is expected to continue due to the expected slowdown of the domestic economy and trade protectionism...
Politics and Economics
A rise in protection would worsen the already grim outlook for world trade
The Economist, 19/12/2008
REMEMBER 1982, when the Soviet threat haunted America and China was still a giant backwater that had only just started reforming its economy? Few will recall that it was also the last year in which...
Politics and Economics
Zhou stokes speculation China is poised to cut rates
Bloomberg, 18/12/2008
Chinese central bank Governor Zhou Xiaochuan stoked speculation that an interest-rate cut is imminent, reiterating that falling inflation has added pressure for a reduction. The pressure “is...
Politics and Economics
China overseas deals set for strong rebound
The Financial Times, 17/12/2008
Overseas investments by Chinese companies will rebound strongly once the global economy stabilises, possibly in the second half of next year, according to a study published Tuesday. A long pipeline...
Politics and Economics
IMF sees Chinese growth halved as downturn spreads
The Guardian, 16/12/2008
The International Monetary Fund said on Monday Chinese growth could be cut almost in half next year as a global downturn sucks in the biggest emerging economy. The warning added to a flurry of...
Politics and Economics
China to give companies aid to cope with crisis
Associated Press, 12/12/2008
China is rolling out new measures to reverse a worsening economic slump with interest-free loans to companies and possible steps to boost plunging auto sales and aid steelmakers, the industry...
Politics and Economics
China puts brave face on slowdown; retail sales cheer
The Guardian, 12/12/2008
Senior officials voiced confidence on Friday that China can hit its all-important target of 8 percent growth in 2009 even though the economy is suffering its deepest slump in a decade. In a piece of...
Trade & Supply Chain
Unexpected drop in China's imports and exports
International Herald Tribune, 11/12/2008
Chinese exports registered their largest drop in nearly a decade last month, suggesting that the global recession could be far worse than many economists had previously predicted. According to...
Industry and Manufacturing
The boom years are over for Chinese exports as slowdown bites in workshop of the world
The Times, 10/12/2008
Made-in-China goods have filled shelves from Tesco to Burberry as consumers across the West have snapped up huge quantities of cheap products from Asia’s economic powerhouse. But exports from the...
Industry and Manufacturing
China’s industrial output may grow at weakest pace since 1999
Bloomberg, 09/12/2008
China’s industrial production probably grew at the weakest pace in nine years as exports slowed and the economy cooled, raising the likelihood of more interest-rate cuts and extra government...
Politics and Economics
China to let foreign banks trade bonds more freely
Reuters, 05/12/2008
China said on Friday that it would expand the business scope for foreign banks registered in the country by allowing them to trade bonds for their clients in the interbank market. Foreign...
Politics and Economics
China, US promise $20 billion for trade
Associated Press, 05/12/2008
The United States and China have today promised to jointly tackle the global financial crisis and pledged $20 billion to finance trade as they wrapped up high-level talks marked by a pointed Chinese...
Politics and Economics
Germany can retain export lead in 2008-Glos
The Guardian, 04/12/2008
Germany has a good chance of remaining the world's biggest exporter of goods in 2008 according to German Economy Minister Michael Glos. Glos told the Frankfurter Allgemeine Zeitung daily that...
Politics and Economics
US, China headed for possible currency clash
Associated Press, 04/12/2008
The deepening world economic crisis and a possible spat over currency levels hung in the air as the United States and China sat down Thursday to discuss the future of their economic relations. U.S.
Politics and Economics
Paulson seeks to broaden access to China
The Wall Street Journal, 02/12/2008
Treasury Secretary Henry Paulson heads to China on Tuesday for his final round of economic talks, with one of his main goals more elusive than ever: persuading Beijing to allow Wall Street greater...
