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• 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.

• Australia-China High-level Economic Cooperation Dialogue Plans to Increase Two-Way Trade - Editor, 21 October 2008

Australian Minister for Trade, Simon Crean, is set to co-chair the third Australia-China High-level Economic Cooperation Dialogue (HECD) to be held in Canberra on Wednesday 22 October. Zhang Ping, Chairman of China’s key economic planning agency the National Development and Reform Commission (NDRC) will represent China’s interests in the talks.

• Trade Talks Strengthen U.S.-China Trade and Economic Ties - Editor, 22 September 2008

A host of agreements have been reached between China and the United States during the high-level trade talks held on 16 September at the Richard Nixon Presidential Library in Yorba Linda, southern California. The trade agreements cover crucial aspects of food safety, medicinal ingredients safety, agriculture and cooperation on trade statistics. Additionally, the parties agreed to increased collaboration between working groups in addressing issues of piracy and copyright infringements.

• Japanese Banks Set Up Shop in China’s Tallest Building - Editor, 1 September 2008

At a staggering 492 meters in height, the 101-floor Shanghai World Financial Center is the tallest building on mainland China and is reportedly the third tallest building in the world, after the Taipei 101, which was completed in 2004 and the Burj Dubai, which is currently under construction. On Saturday 30 August, members of the public were permitted to enter the observatory near the top of this super-tall building for an awe-inspiring view of the city and surroundings.

• Increasing Numbers of China’s Elderly May Slow Economic Growth - Editor, 11 August 2008

Seen by many as a result of the country’s twenty-eight year enforced family planning policy, China’s population is aging faster than that of any other country and will undoubtedly have a negative effect on economic growth. Director of aging research at the Center for Strategic and International Studies in Washington, Richard Jackson, revealed that research results indicate that by the year 2020, China’s population will include around 400 million people aged 60 years and older, with around 100 million being older than 80. Moreover, by the year 2050, at least a third of China’s 1.4 billion inhabitants will be 60 and over.

• China Energy Tech Summit 2008 - Editor, 21 July 2008

The prestigious Crowne Plaza Hotel in Beijing will be the venue for the upcoming China Energy Tech Summit 2008 to be held 15-17 October 2008. This summit, which is the first of its kind in China, will focus on China’s energy industries and will also provide an international platform for overseas businesses that are involved in energy conservation and emission reduction. The China Energy Tech Summit 2008 will address issues relating to energy conservation, as well as emission reduction technologies, in gas, oil, coal, coal-chemical, petrochemical and electrical power industries.

• China Takes Steps to Cool Down “Hot Money” - Editor, 7 July 2008

A spokesman for China’s State Administration of Foreign Exchange (SAFE) revealed that, together with the Ministry of Commerce and the General Administration of Customs, it will be drafting regulations to further tighten control on the inflow into China of speculative capital, otherwise referred to as “hot money”. Starting with a trial period of one month, on 14 July, SAFE will electronically link these government departments to co-ordinate and cross-check foreign exchange receipts, as well as export settlements.

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