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- Conclusion of ECFA with Taiwan on the Horizon - Editor, 24 November 2009
- Beijing Hosts World Media Summit - Editor, 9 October 2009
- China Re-opens Initial Public Offerings on Bourses - Editor, 29 June 2009
- Brussels Hosts Second China-EU Trade and Economic Talks - Editor, 6 may 2009
- “G-2” Meet at G-20 Summit in London - Editor, 2 April 2009
- China Shows Signs Of Economic Recovery - Editor, 9 March 2009
- Taiwan Pursues Comprehensive Economic Cooperation Agreements with China - Editor, 23 February 2009
Taiwan's Mainland Affairs Council (MAC) Chairwoman Lai Shin-yuan revealed in an interview recently that Taiwan (officially the Republic of China) anticipates signing an agreement with mainland China (officially the People’s Republic of China) which, among other factors, will slash import tariffs and permit increased market access in the banking sector. Known as the Economic Cooperation Framework Agreement (ECFA), the proposed agreement between the two countries was drawn up some time ago, but has not yet been signed, and very little detail has been made known to the public.
In view of China's past record regarding the media, there has been a mixed response to the fact that Beijing will be hosting the three-day World Media Summit with more than 170 global media outlets from over 80 countries being represented by approximately 300 delegates. The majority are of the opinion that this is a good sign and will pave the way to greater media freedom in the People's Republic of China. Certainly, With China becoming increasingly prominent in the global economic playing field, calls for greater media freedom in the country have become more insistent from all quarters.
Following an almost ten month restriction on initial public offerings (IPO), on China's bourses, the Chinese government has given the go-ahead for Guilin Sanjin Pharmaceuticals to list on the Shenzhen exchange. Primarily the manufacturer of traditional Chinese medicines, Guilin Sanjin Pharmaceuticals anticipates raising $133 million (910.8 million yuan) through the sale of 46 million shares, starting Monday 29 June. With global IPOs being down 85 percent year to date compared with the same period last year, this easing of restrictions is not only good news for the company, it is also seen as good news for global investors who are facing a shrinking pool of investment opportunities.
Under the leadership of China’s Vice Premier, Wang Qishan, a Chinese delegation will attend the second China-European Union economic and trade talks in Brussels on Thursday and Friday of this week. This summit is being referred to as "High Level Economic and Trade Dialogue Mechanism" and offers both parties the opportunity to resolve key commercial concerns.
With the G-20 summit underway in London to address the global financial crisis, analysts believe that China is in a prime position to play a critical role in reshaping the financial and economic structure of the world. China has advanced so far into the international spotlight that analysts are referring to a meeting between the President of the People’s Republic of China Hu Jintao and United States President Barack Obama, as a meeting of the "G-2", alluding to the interdependence of the two countries.
An official from the central bank of China revealed today that the country still has room to implement further interest rate cuts should this become necessary in dealing with the global financial crisis. This room to move has been somewhat restricted by the five reductions that have already been made in the benchmark deposit and loan interest rates since September 2008, but it nevertheless still exists, according to the Vice Governor of the People’s Bank of China, Su Ning. He further confirmed that there is still space for monetary policy adjustments, including cutting the reserve requirement ratio that is currently in place.
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.
Recent Articles
- Beijing Hosts World Media Summit - Editor, Friday 9 October 2009
- China Re-opens Initial Public Offerings on Bourses - Editor, Monday 29 June 2009
- Brussels Hosts Second China-EU Trade and Economic Talks - Editor, Wednesday 6 may 2009
- “G-2” Meet at G-20 Summit in London - Editor, Thursday 2 April 2009
- China Shows Signs Of Economic Recovery - Editor, Monday 9 March 2009










