2009 May
Politics and Economics
China to keep yuan stable to help exports
Reuters, 27/05/2009
China will keep the yuan exchange rate stable to support its export sector, China's State Council said on Wednesday, just days ahead of U.S. Treasury Secretary Timothy Geithner's visit to...
Politics and Economics
Shanghai's economic recovery won't be easy due to crisis
China Daily, 25/05/2009
Shanghai's exports continued to decline sharply last month, widening its downturn since March and leading some analysts to believe that a rebound may not be sustained if external demand...
Politics and Economics
China stuck in ‘dollar trap’
The Financial Times, 24/05/2009
China’s official foreign exchange manager is still buying record amounts of US government bonds, in spite of Beijing’s increasingly vocal fear of a dollar collapse, according to officials and...
Industry and Manufacturing
China steel group urges higher export tax rebates
The Guardian, 23/05/2009
China should adopt more generous export tax rebates for steel products to bolster the industry, where losses are worsening due to overproduction and sluggish domestic demand, a senior industry...
Trade & Supply Chain
Taiwan’s economy shrank by record on export decline
Bloomberg, 21/05/2009
Taiwan’s economy shrank an unprecedented 10.24 percent last quarter as exports fell and businesses cut spending, a decline that may mark the trough in the island’s recession. The drop follows...
Politics and Economics
China tightening controls on bank lending
Associated Press, 21/05/2009
China's banking regulator is tightening controls on lending to prevent abuses, as auditors reported that some spending for economic stimulus programs is being diverted or delayed. The new...
Politics and Economics
China ‘Struggling’ on Weak Exports, Oppenheimer Says
Bloomberg, 19/05/2009
China’s economy is “struggling” and may fall short of the government’s 8 percent growth forecast this year as export demand slumps, said Katherine Lu, director of China equity research at...
Industry and Manufacturing
GM exports would be step up for China automakers
Associated Press, 19/05/2009
China's auto industry has come a long way since General Motors Corp. set up its first factory here in a brand new industrial zone in Shanghai just over a decade ago. With monthly vehicle sales...
Politics and Economics
Challenges ahead for China as it looks to get growth back on track
The Guardian, 17/05/2009
During the winter, the closed factories in the Pearl river delta and the drift back from the towns to the countryside told their own story. China, the country that has based its development strategy...
Communication and Culture
Unemployment forces Chinese migrants back to the countryside
The Guardian, 17/05/2009
Until a week ago, Liu Xiao was part of the Pearl river delta's army: one of the thousands of workers streaming along a Shenzhen road, gulping down breakfast, texting, lighting a final...
Politics and Economics
China says domestic demand can't fill export hole
The Guardian, 15/05/2009
China is trying to help its exporters, but global trade will shrink further and domestic demand cannot fully pick up the slack, the Ministry of Commerce said on Friday. Chinese exports will remain...
Industry and Manufacturing
On the Ground at the Canton Fair
15/05/2009
The world’s largest trade show, The Canton Fair, finished last week amongst reports of declining orders and reduced business. We asked Jade Liu from the CEF Marketing Team in Shanghai how Chinese...
Trade & Supply Chain
Wal-Mart: Making Its Suppliers Go Green
BusinessWeek, 14/05/2009
The mega retailer is pushing its Chinese suppliers to conserve resources and cut energy use. Its campaign will affect a vast swath of China's manufacturing sector. Last October, Wal-Mart...
Politics and Economics
China output tempers recovery hopes
Reuters, 13/05/2009
China's industrial output rose less than expected last month, offering another reminder that the global economic recovery may not be as swift and strong as markets had hoped for. Mounting...
Politics and Economics
China's export industry feels the pressure as demand falls
The Telegraph, 12/05/2009
Chinese exports plunged for a sixth consecutive month, falling 22.6pc compared with a year ago, as the global financial crisis continued to take its toll on the world’s third-largest economy.The...
Politics and Economics
China confident on upturn
Reuters, 11/05/2009
China added to the drip-feed of encouraging news on Monday with a top central banker saying the government's stimulus has worked better than expected and crude imports data showing a spike in...
Politics and Economics
China could emerge ahead of the field in this latest stress test
The Independant, 11/05/2009
As the economic crisis has evolved, many commentators seem to believe that a universal truth, momentarily doubted, has once again been confirmed. Despite all the talk of decoupling, the United...
Politics and Economics
Canton Fair receives less orders, sign of trouble ahead
Xinhua, 07/05/2009
China's leading trade fair, known as Canton Fair, ended Thursday with export orders down almost 17 percent, a sign of troubles ahead for China's exporters amid the financial crisis,...
Politics and Economics
China says to suffer weak exports for long period
Reuters, 07/05/2009
China may have to endure weak external demand for a extended period of time as the world economy is unlikely to recover soon, the Ministry of Commerce said. 'There are some positive signs in...
Politics and Economics
If China loses faith, the dollar will collapse
The Financial Times, 05/05/2009
Emerging economies such as China and Russia are calling for alternatives to the dollar as a reserve currency. The trigger is the US Federal Reserve's policy of expanding the money supply to...
Industry and Manufacturing
Adidas issues warning amid 97% profit plunge
The Times, 05/05/2009
Adidas, the German sportswear group, today issued a profits warning, blaming the global recession for a shock 97 per cent plunge in its quarterly pre-tax profits to just €5 million (£4.43...
Trade & Supply Chain
U.S. ports look to consumer for recovery
Reuters, 04/05/2009
Wanted by American ports, truckers and railroads: U.S. consumers, willingness to "shop till you drop" desirable. There have been recent signs the U.S. economy may be stabilizing after a deep dive,...
Industry and Manufacturing
Canton Fair gets domestic as exports keep dropping
China Daily, 04/05/2009
The Canton Fair, China's largest trade exhibition, is paying attention to the domestic market for the first time in its half-century existence, as external demand shrinks and the country's...
Industry and Manufacturing
China manufacturing expands, adding to recovery signs
Bloomberg, 01/05/2009
China’s manufacturing expanded for a second month as government stimulus spending stoked a fledgling recovery in the world’s third-biggest economy. The Purchasing Manager’s Index rose to a...
