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• “G-2” Meet at G-20 Summit in London - Editor, 2 April 2009

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.

• China Shows Signs Of Economic Recovery - Editor, 9 March 2009

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.

• 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.

• 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.

• Disappointing 2008 Results Expected For China’s Airlines - Editor, 19 January 2009

Citing shrinking passenger numbers and miscalculated fuel hedging contracts as primary reasons, China’s flag carrier Air China has revealed that it anticipates posting a significant loss for 2008. The announcement was made to the Shanghai Stock Exchange before the market opened for trading on Monday, although final audited results will only be released in April. This announcement proved to be especially disappointing in light of the fact that Air China was named as the sole airline sponsor of the 2008 Olympics held in Beijing, as well as joining the Star Alliance group of international air carriers during the year and therefore had expectations for a bumper year.

• Reestablishment of China-Taiwan Air, Shipping and Mail Links Hold Promise of Significant Economic Benefits - Editor, 15 December 2008

A flight from Shenzhen, China, landing in Taipei, Taiwan, at around 9:00 am on Monday, and a flight leaving from Taipei at 8:00 am heading for Shanghai, China, marked the reestablishment of regularly scheduled commercial flights, shipping and mail between Taiwan and China – services which have not operated between the two countries since the 1949 revolution that put the Communist Party in power on China’s mainland. A passenger on the inaugural flight from Taiwan noted that this new arrangement is much more convenient, allowing him to have a meeting in Shanghai in the morning and return to Taipei on the same day, where as before a one-way trip took up an entire day.

• China Pursues Innovative Clean Technology - Editor, 1 December 2008

In a world increasingly becoming aware of the escalating damage being done to the planet by man and the resultant global warming, and with more and more individuals, communities and corporations committing to reduce their carbon footprint, going “green” is becoming a world-wide phenomenon. This heightened awareness has resulted in a surge of innovative products and technology around the world and China is no exception. Some experts in the field of green technology are of the opinion that China could very well become a leader in the development of this burgeoning market.

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