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• Taiwan Pursues Comprehensive Economic Cooperation Agreements with China - Editor, 23 February 2009

The worsening global financial crisis is likely to further strengthen trade ties between China and Taiwan as it becomes increasingly evident that cooperation will benefit both countries in their efforts to weather the economic storm. As part of the measures being put in place by the government to deal with the island’s recession, Taiwan’s President Ma Ying-jeou has called for a far-reaching economic pact to be signed with China. Referring to this economic pact as the comprehensive economic cooperation agreements (CECA), President Ma has expressed his confidence that cross-strait trade agreements and economic cooperation will be of great benefit to all parties involved.

• China Voices Concerns Regarding Trade Protectionism - Editor, 16 February 2009

January saw the fourth consecutive monthly decline in foreign direct investment in China as companies cut back further on spending in an attempt to weather the global financial crisis. The commerce ministry noted that investment fell to $7.54 billion from a year earlier, representing a decline of 32.6 percent. While foreign multinational companies still see China in a favorable light, the economic situation is such that there is no spare money to invest, resulting in thousands of toy and electronics manufacturers in China being forced to close their doors.

• MEPs Call for Increased Level of EU-China Cooperation - Editor, 9 February 2009

With Chinese exports to the European Union showing a growth of 18.7 percent in 2007 and topping €231bn, China has become the EU’s second largest trading partner. Acknowledging that the EU and China are becoming increasingly interdependent, a report adopted by Members of the European Parliament (MEPs) noted that EU-China relations call for greater co-operation among EU Member States and with the EU Commission regarding the promotion of trade between the two parties. The report, which received votes of 491 in favor, 76 against and 12 abstentions, addressed a number of topics, some of which have been long-standing unresolved issues.

• Presidents of China and United States Agree On Senior-Level Comprehensive Bilateral Dialogue - Editor, 2 February 2009

Following a telephonic discussion between Chinese President Hu Jintao and United States President Barack Obama on Friday 30 January, it has been revealed that both sides have expressed their interest in strengthening ties between the two countries with regard to political, economic and security issues. As the world grapples with an economic crisis that is having far-reaching consequences, all parties concerned are confident that improved high-level dialogue between the United States and China will be mutually beneficial.

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