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Trade
- Experts Discuss China’s Economy at 2008 Summer Davos Forum - Editor, 29 September 2008
- China and Pacific Island Countries Develop Mutually Beneficial Economic Ties - Editor, 8 September 2008
- NASDAQ OMX Lists Chardan 2008 China Acquisition Corporation - Editor, 18 August 2008
- China’s Telecommunications Network Shake-Up Should Yield Positive Results - Editor, 28 July 2008
- Why Even Boeing Cannot Dismiss China Business, Trade, or Competition - Editor, 30 June 2008
- Stock Market Management Lessons from China - Editor, 9 June 2008
- How You Can Piece the New China Puzzle Together - Editor, 12 may 2008
At the 2008 Summer Davos Forum held in Tianjin, China, on Saturday 27 September, Chairman of the China Banking Regulatory Commission (CBRC), Liu Mingkang, told business leaders that international cooperation is needed to address issues relating to the current global financial situation. Referring to the $700 billion bailout plan that the U.S. is proposing to assist troubled financial institutions as “fast food”, Liu emphasized the need to support China’s “slow cooking” long-standing regulatory policies.
At the recent China-Pacific Island Countries Economic Development and Cooperation Forum held in the city of Xiamen, in the Fujian province of China, Minister of Commerce, Chen Deming expressed his confidence that the trade between the two sides will reach $2 billion by the end of 2008, with the goal of reaching $3 billion by 2010.
Seen by many as a sign of the continued strengthening of trading ties between China and the U.S. the NASDAQ OMX Group, Inc. has announced that the recently established acquisition company, Chardan 2008 China Acquisition Corporation, has been listed on the NASDAQ Stock Exchange (NASDAQ: CACUA). Chardan is the first company of its kind to list on the NASDAQ stock market since the exchange approved the listing of acquisition companies earlier this year.
One of China’s two main fixed-line operators, China Telecom (listed on New York Stock Exchange and Hong Kong Stock Exchange), has entered into an agreement for the acquisition of China Unicom Ltd’s CDMA wireless business, including its 43 million mobile subscriber customer base, for an amount of 43.8 billion yuan. Moreover, China Telecom’s parent company, China Telecommunications Corp, will acquire the CDMA wireless network from China Unicom Ltd’s parent company, China United Telecommunications Corp, for an amount of 66.2 billion yuan.
China seems to follow the Wright brothers. They have just invested $2.7 billion to start the Commercial Aircraft Corporation of China Limited. The Chinese ambition to build large jets dates back to the 1980s. The government has shown rare perseverance in this matter. China has not been successful in this field in the past.
Transparency and economy are prime aims in China. It is a great formula for stock investing. There was a time when the China stock market scene was unknown. Investors viewed it with suspicion. Regulations continue to be very different here. Premier Wen Jiabao is directly involved. He is not concerned with interest rates alone either.
China is in flux. That is not unusual for any country. However, the world is divided on the dynamics of China. Some rub their hands in glee. They use the dam on the Yangtze to forecast doom. The 2008 Olympics is abused even by self-appointed leaders of the spirit. Sub-prime votaries say that China will also suffer from the recession in the United States.
Recent Articles
- China and Taiwan Continue to Strengthen Trading Ties - Editor, Wednesday 18 January 2012
- China to Upgrade CNAPS for Cross-Border Trade - Editor, Wednesday 4 January 2012
- Philippines-China Trade Shows Impressive Growth - Editor, Wednesday 21 December 2011
- UAE-China Trade Ties Strengthened at 10th CCFS - Editor, Wednesday 7 December 2011
- China Reviews Climate Change Policies - Editor, Wednesday 23 November 2011

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