Archive for April, 2008

Stat Wrap

Monday, April 28th, 2008

GDP growth sets the pace in the latest round of economic statistics out of China – with thanks to Bloomberg. • “China’s economy grew 10.6 percent, faster than estimated… from 11.2 percent in the previous three months”. • “Consumer prices climbed 8.3 percent in March, the statistics bureau said”. • “The yuan closed at 6.9918 […]

The Carrefour (And CNN) That Chinese Consumers Don’t Care For

Monday, April 28th, 2008

While some have already commented eloquently on how business blogs might deal with Big (political) issues, this one will continue to do what it says on the tin (i.e. put China business issues in context). But some political things are having a business impact (no great surprise there!). Right now Carrefour (perhaps unfairly, and mainly […]

Doing (Party) Time

Monday, April 28th, 2008

If you do the crime you can increasingly expect to do the time, whatever the Party affiliation, as Chen Liangyu might tell you these days. He did the crime some time ago, and now at least knows how much time he must do: “The former Communist Party boss of Shanghai, Chen Liangyu, was sentenced Friday […]

Visa Trip (Up)

Monday, April 21st, 2008

Many people are reportedly being tripped up by changes to the visa issuing system in China. Over the past few weeks it has become clear that the regulations (including for foreigners living and working in China) are being more strictly enforced. Now further restrictions are being announced, according to Radio Australia: “Just weeks after it […]

Free Trade Agreements & Dialogues

Monday, April 21st, 2008

It has been a long time coming (we covered developments here in November 2006), but New Zealand recently become the first developed nation to sign a free trade agreement with China. CEP News reported: “The pact will allow a limited number of Chinese workers to enter New Zealand in order to fill sectors experiencing labour […]

More SWF ODI

Monday, April 21st, 2008

We recently had Chinese ODI digging into the mining giant Rio Tinto , and France’s Total. Now it is the UK’s oil company, BP, that is receiving investment from China (in the form of a sovereign wealth fund), as Forbes reports: “China has quietly accumulated nearly a 1% stake in BP to help secure its […]

Economic Update. A Perfect Storm?

Sunday, April 6th, 2008

China’s economy may have been spared the worst of the sub-prime write-downs (though the Chinese banking and political system has some interesting experience in the area of non-performing loans!), but the economic situation is not without challenges. Leading the problem pack is inflation. Xinhua reports: “The Industrial and Commercial Bank of China (ICBC) is forecasting […]

FX + ODI + OIL = TOTAL

Sunday, April 6th, 2008

China’s overseas direct investments (and lucky near misses) are hitting the headlines with increasing regularity. And it is not just the sovereign wealth fund, CIC, that is driving the action. In the latest news, China has taken a stake in Total. The FT (via Bloomberg) reports: “The Chinese agency that manages the world’s largest foreign […]

China’s (Urban) Rise

Sunday, April 6th, 2008

Urbanization has already had a huge impact on China, but a new McKinsey report (h/t All Roads Lead to China) entitled “Preparing for China’s Urban Billion” brings it into focus: “The scale and pace of China’s urbanization promises to continue at an unprecedented rate. If current trends hold, China’s urban population will expand from 572 […]

Brands for China’s Wealthy Consumers

Sunday, April 6th, 2008

While McKinsey are talking about China’s Urban Billion, others have (rather optimistically) written about a billion Chinese customers. There is no doubt that China does have a growing (and changing) consumer market, but it is challenging to understand and even harder to access. Luckily, plenty of research is being done. China Law Blog points to […]