Archive for October, 2005

News Selection: October, 2005

Monday, October 31st, 2005

Selected news stories on economic, trade and investment issues are listed below. Economy Chinas 3rd quarter growth hit 9.4 percent, and full-year growth is expected to be in the range of 9.3 to 9.4 percent. This strong growth is expected to continue into 2006, with new estimates ranging from 8.5 to 9 percent. While the […]

News Digest: China IPOs

Monday, October 31st, 2005

The latest development in the reform of China’s banks is the listing in Hong Kong of China Construction Bank, China’s third largest lender, in the world’s biggest IPO this year. Listings of the Bank of China and the Industrial & Commercial Bank of China are expected to follow. But China’s international IPOs are not limited […]

News Digest: Banking on FDI

Thursday, October 27th, 2005

According to a new UN report, Foreign Direct Investment (FDI) in China rose from US$54 billion in 2003 to a record US$61billion in 2004 – making it the third largest investment destination in the world after the US (US$96 billion) and the UK (US$78 billion). While investment in traditional sectors has continued, there has been […]

News Digest: China’s US$100 Billion Trade Surplus Risk

Monday, October 24th, 2005

China’s trade surplus in September may have surpassed US$10 billion for the third month in a row, and could increase to a record US$100 billion for the year. The surplus is causing tension with trade partners, including the US – which had a US$162 billion trade deficit with China in 2004, and which is threatening […]

News Digest: All-Consuming GDP Growth

Friday, October 21st, 2005

Chinas 3rd quarter growth hit 9.4 percent, and full-year growth is expected to be in the range of 9.3 to 9.4 percent. This strong growth is expected to continue into 2006, with new estimates ranging from 8.5 to 9 percent. While the headline figures remain the focus, it is important to note that domestic demand […]

Event: China – Opportunities & Risks

Wednesday, October 19th, 2005

Chatham House is holding a series of workshops on emerging markets, including “China: Opportunities & Risks” on Friday October 21st. Jeremy Gordon, Chief Executive of China Business Services will be a panelist at the event. For more information on this, and related events, click here. Focus on Emerging Markets A Series of Workshops and Briefings […]

News Digest: China’s R&D Growth

Wednesday, October 19th, 2005

While many people still think of China as simply a low-cost manufacturing base, there is increasing focus on research and development by Chinese companies and foreign investors. A recent survey conducted by Unctad ranked China third in the list of locations for R&D by transnational businesses. It has also been reported that within five years […]

News Digest: Mind the (Wealth) Gap

Wednesday, October 19th, 2005

China’s rapid economic development has created relative riches for the urban elite, but has left behind the majority of the rural population – average urban incomes last year were RMB9,400 (US$1,164) while rural incomes were just RMB3,000 (US$372). This wealth gap increasingly presents the risk of social instability, and official emphasis is now being placed […]

News Digest: US-China Trade Talks

Wednesday, October 19th, 2005

The US-China textiles dispute remains to be solved, though both sides expressed positive sentiments on trade issues at the 17th meeting of the Sino-US Joint Economic Commission in Beijing. While no agreement has been reached on the textiles issue, the US Treasury Secretary John Snow noted the positive impact of China’s revaluation of the RMB, […]

News: China in Space

Wednesday, October 19th, 2005

China has celebrated the safe return of its latest venture into space, and is seeking to continue development of its space programme. See related article: China to fortify presence in world’s space club People’s Daily Online – Beijing,China EDITORIAL/ Shenzhou VI spacecraft: China’s space program Asahi Shimbun – Tokyo,Japan China’s Shenzhou VI spacecraft returned safely […]