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• China Anticipates Successfully Weathering Economic Storm - Editor, 17 November 2008

In the midst of global financial turmoil, and in the wake of the G-20 summit in Washington in which China took part, the deputy central bank governor for China, Yi Gang has expressed his confidence that the country’s financial system is strong enough to ride out the tumultuous economic storm. In an article in the Communist Party’s journal ‘Seeking Truth’ (Qiushi), Yi noted that China’s banks had limited outside exposure and have, therefore, experienced minimal losses,

• China Announces Stimulus Package To Counteract Effect of Global Financial Crisis - Editor, 10 November 2008

In its biggest move yet to protect its economy from being negatively impacted by the current global financial crisis, China’s authorities have unveiled a $586 billion stimulus package. The money will be invested in developing infrastructure and social welfare by the end of 2010. The package would be focusing on ten areas, including the development of low-cost housing and the expansion of rural infrastructure. Spending will be increased on health, education and environmental protection, as well as creating new roads, airports and railways. Money will also be poured into the rebuilding of disaster areas, such as in the Sichuan Province where, in addition to the enormous loss of life, millions have been left homeless as a result of May’s earthquake.

• China and Taiwan Meet To Strengthen Economic And Trade Ties - Editor, 3 November 2008

Cross-strait economic and trade ties are in the news this week as Chen Yunlin, China’s top negotiator with Taiwan, visits the island this week to discuss matters of mutual concern. The talks will focus strictly on economic and trade cooperation between China and Taiwan, avoiding potentially volatile political issues. In June of this year, officials from both China and Taiwan agreed to set up permanent offices in each others territories, and together with this week’s meeting, these are seen as significant steps forward in the improvement of cross-strait ties.

• China Reports Record High Trade Surplus in August - Editor, 6 October 2008

Authorities in China have revealed that the country’s trade surplus hit a record high of US$28.7 billion in the month of August. According to custom’s data, China’s exports for the month of August amounted to US$134.9 billion, reflecting an increase of 21.1 percent compared with the same period last year, while imports increased by 23.1 percent, reaching a figure of US$106.2 billion. China’s trade surplus with its biggest trading partner the European Union, rose by 25 percent, while its trade surplus with the U.S. increased by 16.6 percent.

• U.S.-China Trade Talks Aim for Mutually Beneficial Agreements - Editor, 15 September 2008

The Richard Nixon Presidential Library located in Yorba Linda, southern California, is to be the venue for high-level trade talks between the United States and China on 16 September 2008. The meeting will mark the 25th anniversary of the US-China Joint Commission on Commerce and Trade (JCCT) and it is anticipated that agreements will be reached to the benefit of both parties, while some thorny issues will be addressed and hopefully resolved.

• Investors Optimistic for Post-Olympic Economy Upswing - Editor, 25 August 2008

Following the fortnight of the 2008 Beijing Olympics, during which time the Shanghai Stock Exchange’s benchmark composite index fell 7.7 percent, with the past week being particularly turbulent, investors are confident that China’s government will turn its attention to the economy and brighter times are ahead. Considering the fact that China spent around $42 billion on the Olympic Games, money which appears to have been readily available, it seems surprising that the market is performing so badly. With the Shanghai stock market having tumbled by 54 percent since the beginning of the year, there is some serious work to be done to turn the situation around and win investor confidence.

• Beijing Olympics Opens Up Potentially Lucrative Trade Opportunities - Editor, 4 August 2008

With the beginning of the 2008 Beijing Olympics just a few days away, these prestigious summer games are dominating news headlines all over the world, as participating countries prepare to support their athletes in their quest for gold. An aspect of the Olympics that the man in the street may not give much thought to, is how being associated with the games can be hugely beneficial for companies from a marketing perspective. The potential benefits are recognized by astute management teams, resulting in companies clamoring to be included on the list of official sponsors that are approved by the Beijing Organizing Committee of the Olympic Games (BOCOG).

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