2009 July
Politics and Economics
Export dip in key sector
China Daily, 31/07/2009
China's exports of mechanical and electrical products declined significantly in the first half of this year but their share in overseas markets increased, according to the Ministry of Commerce...
Politics and Economics
Rebalancing the world economy
The Economist, 30/07/2009
A rebalanced global economy requires America to consume less and save more. That means the world’s three big surplus economies—China, Germany and Japan—will have to save less and spend more.
Politics and Economics
China's export hub still hurting, but outlook brighter
Reuters, 29/07/2009
Factories in a southern Chinese trade hub are cranking up production and hiring more workers in signs of improved sentiment after a brutal year for the export sector, officials and executives said...
Politics and Economics
Little room for China export tax cuts
The Economic Times, 28/07/2009
China has little room left to cut export taxes and will instead turn to financing support to help its beleaguered exporting firms, a senior government economist said in comments published on...
Politics and Economics
Obama says US, China to shape 21st century
AFP, 28/07/2009
The 21st century will be defined by relations between China and the United States, US President Barack Obama said, as the two powers headed into a second day of strategic and economic talks Tuesday.
Politics and Economics
China economy growing again while US limps
Associated Press, 26/07/2009
It's a tale of two economies, China and the United States. The United States, the world's largest economy, remains mired in recession as do most of its fellow top industrial powers. China,...
Politics and Economics
BoCom’s Zhang says yuan won’t oust dollar in a decade
Bloomberg, 24/07/2009
The yuan won’t replace the U.S. dollar as China’s leading international trade currency for at least a decade because of limits on investment flows, according to an executive at Bank of...
Politics and Economics
China's economics lesson to the US
The Guardian, 23/07/2009
Global trade and the economic stimulus policies of individual national economies will play an important role in the recovery from the current global recession. This is especially true of the...
Politics and Economics
IMF says China has room for more stimulus as jobless rate rises
Bloomberg, 23/07/2009
China, the world’s fastest-growing major economy, has scope for more government spending to counter rising unemployment, the International Monetary Fund said. A low level of public debt leaves...
Politics and Economics
WTO warns against protectionism amid economic slump
The Guardian, 22/07/2009
The head of the World Trade Organisation (WTO) warned today that a new wave of protectionism could deepen the global slump as he announced the biggest contraction in trade flows since the Great...
Politics and Economics
WTO says export recovery still "fragile"
Reuters, 22/07/2009
It is still "too risky" to conclude that the declining trend in global trade has bottomed and a weak European performance means China is expected to overtake Germany as the biggest merchandise...
Politics and Economics
Keynesian common sense in China
The Guardian, 21/07/2009
Two great fallacies about what to do in a recession were exposed 70 years ago by JM Keynes (Bulls on a roll: stockmarket has best week this year, 20 July). Keynes's insights were taught as...
Trade & Supply Chain
China's Guangdong sees exports rising in Q4 yr/yr
Reuters, 21/07/2009
Guangdong province, which accounts for nearly a third of China's exports, is likely to resume year-on-year export growth in the fourth quarter, the official Xinhua news agency reported on...
Industry and Manufacturing
China insurers’ profits sore driven by demand for automotive coverage
Bloomberg, 20/07/2009
Chinese insurance companies’ profit may have doubled in the first half as premium income increased and a rebound in the nation’s stock market boosted investments. The industry may report a...
Politics and Economics
Lending giant CIT on brink after bailout talks fail
AFP, 17/07/2009
Business lending giant CIT Group has been left hurtling towards likely bankruptcy after the US government rejected its plea for a fresh bailout despite fears of repercussions for the overall...
Politics and Economics
China grows faster amid worries
BBC, 16/07/2009
China's economy grew at an annual rate of 7.9% between April and June, up from 6.1% in the first quarter, thanks to the government's big stimulus package. The country's quickening...
Politics and Economics
China's economy rebounds with 7.9pc growth
The Telegraph, 16/07/2009
The figure, announced by the statistics bureau in Beijing on Thursday, exceeded forecasts and a 6.1pc gain in the first quarter that was the slowest in almost a decade. The rebound in GDP snaps a...
Industry and Manufacturing
China`s apparel exports decline 8.5% in first-half 2009
YNFX, 16/07/2009
The China General Administration of Customs reported that the decrease in January-June exports of labor-intensive products (year on year) was 21.8% smaller than overall exports. According to customs...
Politics and Economics
China's economy grows 7.9 pct in stunning rebound
AFP, 16/07/2009
BEIJING (AFP) - China's economy grew 7.9 percent in the second quarter of 2009, the government said, in a stunning turnaround for the Asian powerhouse that offered some hope for the rest of the...
Politics and Economics
Credit help for Chinese SMEs
China Daily, 14/07/2009
With Chinese exports sinking 25 percent in the first quarter of this year, small and medium-sized enterprises (SMEs) are struggling to stay afloat as they try to navigate their way around...
Politics and Economics
A Glimmer of Global Growth
The BIG Money, 14/07/2009
The Wall Street Journal leads its Business & Finance news box with word that "tentative signs of life in global trade" have begun to buoy growth forecasts in the United States and China, as...
Trade & Supply Chain
China exports down 21.4% year on year in June
Yahoo! Finance, 10/07/2009
Chinese exports dropped 21.4 percent year on year in June, customs figures showed Friday, narrowing from May's fall with analysts saying it was too early to predict a recovery for the ailing...
Politics and Economics
Yuan deposes dollar on China border in sign of future
Bloomberg, 08/07/2009
Huang Xinyuan, who sells mining equipment and pesticides to customers across China’s border with Vietnam, says he no longer wants payment in U.S. dollars and prefers the yuan. Sales using the...
Politics and Economics
China's dollar delusion
The Guardian, 08/07/2009
The People's Bank of China recently reiterated the need for a global currency to rival the US dollar – through a vastly expanded role for the Special Drawing Rights (SDRs) of the IMF. The...
Politics and Economics
China's Yuan no. 3 global currency by 2012
BusinessWeek, 07/07/2009
The Chinese yuan could overtake the Japanese yen to become the third most important international currency used in trade by 2012. Or so HSBC economist Qu Hongbin thinks. That’s a far sooner than...
Politics and Economics
China economy grows faster and stronger in Q2
Forbes, 07/07/2009
China's economy probably grew by 7.5 percent in the second quarter from a year earlier, as a burst of government spending and bank lending laid the groundwork for more private sector activity...
Politics and Economics
In step to enhance currency, China allows its use in some foreign payments
The New York Times, 06/07/2009
Banks in China and Hong Kong began wiring Chinese renminbi directly to one another on Monday to settle payments for imports and exports, as China took another step toward establishing the renminbi...
Politics and Economics
Chinese data add to hope economy is improving
The Wall Street Journal, 06/07/2009
China's first-half exports fell 21.7% from a year earlier, Vice Commerce Minister Yi Xiaozhun said Saturday, a slight improvement from the first five months of the year, which underscores hopes...
Trade & Supply Chain
China launches yuan trade settlement scheme
The Guardian, 06/07/2009
China has launched a pilot programme to allow companies to settle imports and exports in yuan in some regions, marking a big step towards eventually internationalising the currency. Six Shanghai...
Politics and Economics
China reassures on dollar before G8; markets subdued
The Guardian, 06/07/2009
China said the dollar would retain its global dominance for years to come, offering its assurances ahead of the Group of Eight summit just as it takes another step to boost the profile of its own...
Politics and Economics
Dollar, Yen Fall as U.S., Chinese Manufacturing Buoys Stocks
Bloomberg, 01/07/2009
The dollar and yen fell against most of their major counterparts as U.S. and Chinese factory reports added to evidence the global recession is easing, bolstering stocks including emerging-market...
Industry and Manufacturing
Chinese manufacturing increases
BBC, 01/07/2009
China's manufacturing sector grew in June at a slightly faster pace than in the previous month, a survey suggested. The purchasing managers index (PMI) from the state-sanctioned China...
Industry and Manufacturing
China manufacturing expands a fourth month, PMI Shows
Bloomberg, 01/07/2009
China’s manufacturing expanded for a fourth month as a 4 trillion yuan ($585 billion) stimulus plan and record bank lending revive the world’s third-largest economy. The official Purchasing...
