Beware the Beijing model
Talk of a new, Chinese model of capitalism merits scepticism CHINA may or may not achieve its target of 8% economic growth this year. But there is still a sense of triumphalism among Chinese business leaders, politicians and academics. The economic crisis, in the view of many people around the world, has revealed the...
China's Yuan: The Next Reserve Currency?
Skeptics have dismissed Beijing's talk of de-emphasizing the U.S. dollar, but China is making moves that could soon lead to a convertible yuan. Are the Chinese finally getting serious about loosening their ties to the dollar—and even replacing the greenback with the yuan as the global economy's reserve currency? The...
Global Manufacturing in China Changes Tune as Exports Slow ...
May 21 - Subtle changes are occurring in the global and domestic perception of China as a viable cheap manufacturing source as the country grapples with the imbalances caused by its export driven economy. While much of China’s foreign direct investment over the past twenty years has come from initially one source...
PECC Survey Results Out on the Global Economic Crisis
Results are out on the PECC survey on “The Global Economic Crisis: Impact on the Asia Pacific Region and Regional Responses” The State of the Region report is an annual statement of PECC’s views on the major developments affecting Asia Pacific regional cooperation. The report contains a broad...
Kiwi exporters think they will bounce back sooner
Kiwi exporters think they will bounce back sooner New Zealand exporters think they will recover from the global economic crisis faster than Australia Auckland, 5 May 2009 – A survey of more than 520 New Zealand and Australian exporters by DHL, the world’s leading express and logistics company, has found...
Raising China's Growth Forcasts for 2009 - 2010
Asia Economics Flash April 22, 2009 Goldman Sachs Global Economics, Commodities and Strategy Research Report We have raised our real GDP growth forecasts for 2009 and 2010 given that 1) policy stimulus has been more aggressive and 2) the domestic demand response has been stronger and has occurred earlier than...
Will the Chinese Market Save the Auto Industry?
SHANGHAI, Apr. 22 – If the ongoing 2009 Auto Show in Shanghai is any indication, automakers all over the world are hoping that Chinese demand will sustain them during these tough times. Porsche introduced its entry to the luxury sedan market during the eve of the auto show. It was the first time the company debuted a...
China to Restrict F Visas for 60th Anniversary
SHANGHAI, Apr. 22 - In preparation for the 60th anniversary of the founding of the People’s Republic of China, there has been talk that the government may restrict F visas beginning this month. The preparations for a large national celebration of the October 1, 1949 founding are already underway and should Beijing...
Fonterra's dairy exports to China set to treble
Fonterra has put the tainted milk affair at its former Sanlu joint venture behind it and is on track to treble its dairy exports to China to about 160,000 tonnes this financial year. Fonterra chairman Henry van der Heyden yesterday confirmed a huge jump in demand as many Chinese opt for foreign milk powder products...
China not immune to effects of global downturn, says Key
Chinese leaders say their economy has been hit by the global downturn but there are signs of improvement, Prime Minister John Key said yesterday. Mr Key made his first visit to Beijing's Great Hall of the People last night for a meeting with President Hu Jintao. He continues his visit today with an agreement on tourism...
Rouubini Global Economics: China's Economy in 2009 and beyond
Today we take a closer look at the economic outlook for China, a preview of our global economic outlook which will be made available to advisory level clients in the coming weeks. China, the world’s second largest economy by purchasing power parity, contributed over 10% to global economic output in 2007 and 2008 and is...