2009 March
Politics and Economics
China tries to boost exports, risking backlash
Associated Press, 31/03/2009
Alarmed by falling trade, Beijing is trying to boost exports and avert more job losses by giving companies tax breaks and other aid - a tactic that could anger Washington and other trading partners.
Politics and Economics
China central bank chief says economy turning around
AFP, 30/03/2009
The head of China's central bank said Thursday data showed that a slowdown in economic growth has hit bottom and a national recovery was imminent thanks to government stimulus measures. An...
Politics and Economics
China eases foreign debt caps to help trade finance
Reuters, 27/03/2009
China on Friday acted to boost trade financing by raising the amount of short-term foreign debt that banks may incur. The State Administration of Foreign Exchange (SAFE) set a quota for the year...
Trade & Supply Chain
Buyers gain upper hand with Chinese exporters
The Financial Times, 26/03/2009
The prices of China-made goods are falling again as bargaining power shifts back to overseas buyers, according to executives at Li & Fung, the world's largest trade sourcing company. A...
Politics and Economics
China central bank sees signs of recovery
International Herald Tribune, 26/03/2009
The decline in China's growth has slowed and signs point to recovery following Beijing's rapid response to the global crisis, the country's chief central banker said Thursday. The...
Politics and Economics
World trade tipped to fall 9% this year
China Daily, 25/03/2009
The financial crisis will drag global trade down by 9 percent in 2009 from a year earlier -- the largest contraction since World War II -- the World Trade Organization (WTO) forecast yesterday.
Politics and Economics
China challenges power of the dollar as it flexes its economic muscles
The Times, 24/03/2009
China yesterday threw down a challenge to America’s 50-year dominance of the global economy as it proposed replacing the dollar as the world’s main reserve currency with a new global system...
Politics and Economics
China’s economy may recover first from global slump
Bloomberg, 23/03/2009
China’s economy may be the first to recover from the global recession as a 4 trillion yuan ($585 billion) stimulus package takes effect, a senior government researcher said. “China has the...
Politics and Economics
Brown told China could be G20 stumbling block
The Times, 20/03/2009
Gordon Brown was yesterday warned that China could be the main stumbling block to his goal of tightening global financial rules at London’s of the Group of 20 key world economies summit next...
Politics and Economics
China's factories get desperate as orders drop
Associated Press, 19/03/2009
Desperate for new customers, Chinese factories have been bombarding Josef Jelinek with e-mails everyday. One wants the British businessman to order a shipment of whirling toy helicopters. Another...
Politics and Economics
World Bank warns China can't make up for collapse in Western demand
The Telegraph, 18/03/2009
The World Bank has slashed China’s economic growth forecast to 6.5pc for this year, blaming the intensifying global economic downturn and the collapse in Western demand for exports. David Dollar,...
Politics and Economics
World Bank lowers China forecast
BBC, 18/03/2009
The World Bank has cut its prediction for China's economic growth in 2009 to 6.5% from 7.5%, saying it could not "escape the impact of global weakness". Falling demand for Chinese goods abroad...
Politics and Economics
China wants importers to cover some emission costs
Reuters, 17/03/2009
Countries that buy Chinese goods should be held responsible for the carbon dioxide emitted by the factories that make them in any global plan to reduce greenhouse gases, a Chinese official said on...
Politics and Economics
China seeks export carbon relief
BBC, 17/03/2009
China has proposed that importers of Chinese-made goods should be responsible for the carbon dioxide emitted during their manufacture. China's top climate change negotiator, Li Gao, said his...
Politics and Economics
Testing times for China's economy
BBC, 12/03/2009
Following the announcement that China's exports have fallen by more than 25% since last year, Robert Peston travels across China to see how the country is coping. Shanghai - the most...
Politics and Economics
China's exports slide as global crisis extends its reach
The Times, 12/03/2009
The global financial crisis has finally and dramatically caught up with China, sending exports from the workshop of the world tumbling last month and slashing its trade surplus. Exports in February...
Trade & Supply Chain
China's exports in sharp decline
BBC, 11/03/2009
Chinese exports plunged by more than a quarter in February from a year ago as the world's third-largest economy was hit by a drop in demand for its goods. Exports dropped by 25.7% to $64.9bn...
Politics and Economics
Chinese CPI falls for first time in six years
The Times, 10/03/2009
Consumer prices in China fell for the first time in more than six years last month, sending the world’s third-largest economy into technical deflation as officials described the outlook as grim.
Trade & Supply Chain
China acts to shore up weakening exports
The Financial Times, 09/03/2009
China will reduce export taxes to zero and give more financial support to exporters as it tries to increase its share of global trade in the current crisis, the country’s commerce minister said on...
Trade & Supply Chain
China bankruptcies create cracks in global supply chain
Reuters, 06/03/2009
China's hopes for a speedy export recovery from the global crisis could be undermined by the weakest links in its powerful supply chain -- smaller firms too damaged by the downturn and credit...
Politics and Economics
Chinese finance leaders see signs of economic recovery
The Guardian, 06/03/2009
China's economic leaders said today that they see signs of recovery, but vowed to act "quickly and decisively" if further help for the world's third-largest economy was needed. Zhou...
Politics and Economics
China 'faces most difficult year'
BBC, 05/03/2009
Chinese Premier Wen Jiabao has said the current year will be the most difficult the country has faced this century because of the global economic crisis. Addressing parliament, Mr Wen reiterated...
Politics and Economics
China's economy shows early signs of recovery
The Times, 04/03/2009
The Chinese economy is showing tentative signs of recovery, but analysts said that it was still too early to declare that the worst of the downturn was over. The official purchasing managers'...
Politics and Economics
Chinese exporters feel global pressure
BBC, 02/03/2009
As managing director of the Goodtime Clock Company, John Wu employs 400 people making grandfather clocks at his factory in Shandong in eastern China. But this week he has plenty of time on his hands...
Industry and Manufacturing
Decline slows in China's manufacturing sector
The Wall Street Journal, 02/03/2009
China's manufacturing sector continued to shrink in February for the seventh consecutive month, but the pace of contraction slowed. The CLSA China Purchasing Managers Index, produced by...
