Archive for May, 2007

More Bribery & Corruption

Wednesday, May 30th, 2007

As has been noted before, bribery and corruption are not exclusive to China – or to Chinese companies. Further to recent news about “Blue-Chip Bribery” and “Corruption (with Foreign Characteristics)”, the latest round of news includes BNP Paribas and Siemens as well as a conclusion to the trial of the former head of China’s State […]

Don’t Quote Me (On The Details)

Thursday, May 24th, 2007

A recent post on the Editors’ Journal at the China Economic Review had a very instructive quote from “the noted China scholar” Minxin Pei (Senior Associate and Director, China Program, Carnegie Endowment for International Peace) – who spoke at the recent Australian Institute of Company Directors’ conference in Shanghai*. In relation to property rights, and […]

China Business Blog: 500 Posts & Lots of Links

Thursday, May 24th, 2007

OK, so it is a vanity post, but it is also the 500th entry on this blog – so worthy of note (in my humble opinion). Thanks to you (and lots of other readers) this site now receives over 50,000 unique visits a month (with more via feeds and readers), and plays a visible role […]

“Strategic Economic Dialogue” Or “Spin And Public Relations”?

Thursday, May 24th, 2007

The US-China Strategic Economic Dialogue sounds great, but like all things strategic it is only likely to be useful if based on solid understanding of the facts (rather than political posturing, or “spin” as we like to call it over here). Luckily The Economist made some interesting observations ahead of the meeting (though I doubt […]

China Bets On Black(Stone)

Wednesday, May 23rd, 2007

China has been developing a plan to deal with its foreign currency reserves for some time, and in March announced the set-up of a state investment agency. The latest news (timed just before the US-China dialogue) is that China is jumping on the private equity bandwagon (if you can’t beat them, join them!) with a […]

Labour Supply: Falling Short

Wednesday, May 23rd, 2007

There are at least 764 million (and counting) reasons to believe that you will be able to find affordable staff for your business in China. As People’s Daily explains: “China had employed a total of 764 million people by the end of 2006, an increase of 5.75 million people over the year-end of 2005, and […]

The Ports Behind The Trade

Wednesday, May 23rd, 2007

China’s trade growth is well known, and it, unsurprisingly, has had a big impact on port development. According to People’s Daily: “The handling capacity of China’s ports is expected to hit 8 billion tons and 170 million TEUs (twenty-foot container equivalent units) in 2010, according to information from the on-going China Ports and Terminals Summit […]

FDI Up. With Chinese Charateristics.

Wednesday, May 23rd, 2007

While the growth may not be as headline-grabbing as those about trade or stock markets, People’s Daily has reported on growth in foreign direct investment (not including financial sector investment) in the first 4 months of the year: “China’s foreign direct investment (FDI) increased over 10 percent year-on-year in the first four months of 2007 […]

Don’t Quote Me (On the Bubble)

Thursday, May 17th, 2007

Andy Xie, a leading economist in China, has an excellent article in the latest Caijing Magazine. It is all about putting the stock market bubble in context, and putting those who are bragging about their stock-picking performance in their rightful place – reminding them that they are not stellar stock-pickers with long-term vision like Warren […]

No When From Wen On The RMB

Thursday, May 17th, 2007

As trade tensions mount ahead of the China-US Strategic Economic Dialogue in Washington on 22-24 May, Premier Wen Jiabao has announced (at the African Development Bank forum in Shanghai) that: “China will gradually increase the flexibility of its currency regime…We’ll take a number of measures to strengthen our control of the economy and to boost […]