News
China Launches World’s Fastest Train Route
The rail link between Wuhan and Guangzhou opened on Saturday in what is described as the world’s fastest train service covering a distance of 1,068 kilometers at the average speed of 350 kph (217 mph). For the full story click here. Source: China Briefing
ADB More Upbeat on Emerging Asian Economies for 2009 and 2010
MANILA, PHILIPPINES - Emerging East Asian economies have performed better than anticipated thanks to swift policy responses and an improved external environment. The region is set for a speedy recovery this year and in 2010. For the full story click here. Source: ADB
China beats NZ as Australia’s main source of migrants
New Zealand has been usurped by China as Australia’s main source of immigrants. Information released by the Australian Bureau of Statistics show in the four months to the end of October a record 6350 Chinese arrived to settle there. To read the full story click here. Source: NBR
Chinese Businesses Told to Prepare for ASEAN FTA
China has instructed businesses to brace for the upcoming Free Trade Area with Southeast Asian Nations (ASEAN) when it takes effect in January 1, 2010. For the full story click here. Souce: 2point6billion.com
Partnership Option Soon Available for Foreign Investors
China will soon allow foreign investors the option to invest in the mainland via partnership firms beginning March next year. To get the full story click here. Souce: China Briefing
China to Expand Pilot Programme on Currency Exchange for ...
The State Administration of Foreign Exchange (SAFE) has recently expanded the pilot franchising of local to foreign currency exchange business for individuals to meet growing demand. It has also made improvements to the relevant administrative measures. To read the full story click here. Source: HKTDC
China plan to build 'little NZ'
A $400 million "little New Zealand" to be built in China will create up to 600 Kiwi jobs and open up "unprecedented" tourism, education and immigration opportunities, say Maori involved in the project. To read the full story click here. Source: nzherald.co.nz
Chinese shift balance of power at PGG Wrightson
After the dust settles on PGG Wrightson’s capital raising exercise, NYSE-listed Chinese company Agria Corporation will own nearly a fifth of New Zealand’s largest rural supplies and services company. For the full story click here. Souce: NBR
Autumn Canton Trade Fair Buyers Increase
Overseas visitors to the autumn Canton Trade Fair “appeared 20 percent higher” than the previous two fairs earlier this spring and last autumn according to reports from the local office of Dezan Shira & Associates. To read the full story click here. Source: GUANGZHOU, Nov. 5
China, ASEAN to Improve Agricultural Cooperation
China and the members of the Association of Southeast Asian Nations (ASEAN) have pledged to improve agricultural cooperation to help improve economic development and to prevent a food crisis. For the full story click here. Source: 2point6billion.com
Firms chase Shanghai exposure
Bad experiences of doing business in China such as Fonterra's baby milk scandal have not stopped Kiwi firms from queuing up to be part of next year's Shanghai World Expo. For the full story click here. Source: nzhearld.co.nz
A bubble in Beijing?
Not yet. But China will soon look dangerously frothy unless policymakers allow the yuan to rise HAS the world got a new bubble economy? A rising chorus of foam-spotters believes so. Their argument is simple: to support demand, China’s government has created huge quantities of credit. That lending is leading to...