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• New Policy Initiatives Aim to Boost Exports - Editor, 1 June 2009

As the fifth month of 2009 drew to a close, China's authorities revealed new policy initiatives aimed at boosting exports which are suffering due to the global financial crisis. Features of the new policy initiatives include tax breaks, expanded credit insurance and more accessible financial aid. China's State Council also noted that the country will keep the yuan fundamentally stable and at a balanced level in order to ensure that exporters are not adversely affected by exchange rate risks. However, a high yuan will inevitably make goods from China more expensive which, in turn, is likely to prove detrimental to exports.

• 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.

• Premier Wen Jiabao On Tie-Strengthening Visit To EU - Editor, 26 January 2009

With the spiraling global financial crisis high on his agenda, China’s Premier Wen Jiabao will be spending a week in Europe starting with the World Economic Forum in Davis, Switzerland on 27-28 January. From there the Premier will travel to Germany, followed by a visit to the headquarters of the European Union in Brussels, before heading for Spain and concluding his trip with a visit to Britain.

• 2008 Trade Surplus Hits Record High - Editor, 5 January 2009

China’s state-owned Xinhau News Agency has reported that the country’s trade surplus for 2008 is likely to exceed US$290 billion, with total foreign trade reaching US$2.55 trillion, reflecting an increase of 18 percent over 2007. This information was released by China’s General Administration of Customs and is seen by experts as encouraging, especially in light of the economic downturn being experienced virtually on a global scale.

• China-U.S. Strategic Economic Dialogue Results In Pledge Of Assistance For Global Economy - Editor, 8 December 2008

The fifth Strategic Economic Dialogue between China and the United States resulted in agreements to work together towards alleviating the effects of the ongoing global financial crisis. Other topics discussed included cooperation on protecting the environment and conserving energy. Vice Premier Wang Qishan headed up the Chinese delegation and Treasury Secretary Henry Paulson led the U.S. delegation.

• 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,

• Russia and China Pursue Bilateral Trade and Cooperation - Editor, 27 October 2008

At the invitation Prime Minister Vladimir Putin, China’s Premier Wen Jiabao will be paying a visit to Russia from Monday 27 October. The two leaders will be meeting in Moscow to discuss a number of issues of mutual concern, including the current global financial crisis and Russia-China trade, with a view to further strengthening the already strong ties between the two countries.

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