2009 June
Politics and Economics
China to Surpass 9% Growth in 2011
Bloomberg, 29/06/2009
June 27 (Bloomberg) -- China’s economy will grow 8 percent this year and achieve more than 9 percent annual expansion in 2011, said Cheng Siwei, former vice chairman of the standing committee of...
Trade & Supply Chain
China to cut some export tax rates
United Press International, 25/06/2009
China will do away with export taxes on wheat, rice and soybean starting July 1 to spur exports, the Finance Ministry said.
In other export tax-related measures, the China Daily reported the...
Politics and Economics
China FX Regulator Eases Payment Terms For Exports
The Wall Street Journal, 24/06/2009
SHANGHAI (Dow Jones)--China's currency regulator has increased the amount local firms can receive in advance for exports and the amount that can be deferred on import payments, to support the...
Industry and Manufacturing
China Says Raw-Material Export Limits Meet WTO Rules
Bloomberg, 24/06/2009
China’s government said it will contest complaints to the World Trade Organization from the European Union and the U.S. that the nation unfairly limits exports of raw materials such as magnesium,...
Politics and Economics
Investing in Asia
Factorscan, 23/06/2009
How does the Chinese factoring market differ from that in Europe and North America?
The Chinese market is still very young and has not reached the same level of financial maturity achieved by...
Politics and Economics
China to tweak export tax rates soon
China Daily, 23/06/2009
China will remove or reduce export taxes on a range of products - from grain and rice to metals and other materials - effective from July 1, the country's finance ministry said. This is aimed...
Politics and Economics
Is this the death of the dollar?
The Telegraph, 22/06/2009
After two smugglers were stopped last week with what at first appeared to be $134bn in US state bonds, the tension and paranoia surrounding the fate of the dollar hit a new high [….]
Now,...
Politics and Economics
Debt is up, trade is down, and we still don't know which way to list
Chinastakes.com, 19/06/2009
As everyone knows by now, a number of economic indicators were released last week, some good some bad. Some of the good news, according to an article in the South China Morning Post, was:
The...
Politics and Economics
World Bank Raises China 2009 Growth Forecast to 7.2%
18/06/2009
June 18 (Bloomberg) -- The World Bank raised its growth forecast for China this year and advised policy makers to delay until 2010 any additional stimulus plan to boost the world’s third-largest...
Politics and Economics
China factory output lifts hopes for world economy
The Guardian, 12/06/2009
China's May factory output rose more than forecast and retail sales growth accelerated, giving new impetus to investor hopes the world's biggest emerging economy can lead a global revival.
Trade & Supply Chain
China’s exports fall by record after global demand dries up
Bloomberg, 11/06/2009
China’s exports fell by a record as the global recession cut demand for goods produced by the world’s third-largest economy. Overseas sales dropped 26.4 percent in May from a year earlier, the...
Industry and Manufacturing
China factories shrug off May export fall on nascent orders
Reuters, 11/06/2009
China's weaker than expected May trade numbers were being stomached by industrialists in the export hub of the Pearl River Delta, who are seeing an uptick in orders but don't see any...
Trade & Supply Chain
Chinese exporters see record drop
BBC, 11/06/2009
Chinese exports have dropped by a record amount in May as demand for its goods from the US and Europe slumped. Exports fell 26.4% from the same month earlier, more than February's previous...
Trade & Supply Chain
China trade financing reviving, bankers still wary
The Guardian, 10/06/2009
If Chinese exports and imports post another big drop when May figures are issued this week, a dearth of trade finance will no longer be a blanket excuse. Banks worldwide rushed to call in all forms...
Trade & Supply Chain
Asian exporters pin hopes on China as West sputters
Reuters, 10/06/2009
Emerging economies in Asia may outperform developed markets on the road to recovery if their exporters can capitalize on rebounding growth in China to escape sluggish U.S. and European markets. But...
Politics and Economics
China prices fall, market looks past deflation
The Guardian, 10/06/2009
Chinese consumer prices fell in the year to May for the fourth month in a row, but at a slightly more moderate pace, reassuring economists who play down the risk that deflation could take root.
Politics and Economics
China says to buy more Taiwan goods to help economy
The Guardian, 10/06/2009
China said on Wednesday it will send more delegations to Taiwan to buy goods as a way of helping the self-governing island's export-dependent economy, which has been battered by the global...
Industry and Manufacturing
China offers tax rebate to boost steel exports
The Guardian, 08/06/2009
China on Monday said it is offering a 9 percent tax rebate on exports of hot-rolled steel products, aiming to revive tumbling exports as the world's top steel producer struggles with steady...
Politics and Economics
China’s pockets aren’t deep enough during crisis
Bloomberg, 08/06/2009
Last week was a rough one for officials in Beijing. On June 4, commemorations of the 20th anniversary of the Tiananmen Square crackdown were splashed across global television screens as China...
Trade & Supply Chain
China raises export tax rebates
AFP, 08/06/2009
China said it has raised tax incentives on more than 600 export items, with some up to the maximum level possible, as it stepped up efforts to help businesses ride out the global economic slowdown.
Politics and Economics
China sees ‘grim’ job market, deeper impact from global crisis
Bloomberg, 03/06/2009
China’s government said unemployment is worsening, a quick rebound in trade is becoming less likely, and the nation is yet to feel the full effects of a global slump. The foundations for an...
Politics and Economics
US vows 'aggressive' stance on trade with China
AFP, 03/06/2009
The United States has said it wanted to move more aggressively to resolve trade frictions with China, warning that it would not hesitate to drag the Asian giant to the World Trade Organization.
Politics and Economics
China's economy stabilizing; export orders tick up
Reuters, 01/06/2009
China's manufacturing sector continued to expand moderately in May as new export orders improved, two surveys showed on Monday, adding to tentative signs that the world's third-largest...
Politics and Economics
Chinese manufacturing expands in May
The Telegraph, 01/06/2009
Brokerage CLSA Asia-Pacific Markets said its purchasing managers index rose to 51.2 from April's 50.1 on a 100-point scale. Numbers above 50 show an expansion. The state-sanctioned China...
