China increases the flexibility of the renminbi
For approximately two years, China has effectively pegged the value of its currency, the renminbi, to the value of the U.S. dollar. In 2005, it briefly allowed a controlled appreciation of the currency, but it ended that policy with the emergence of the global economic crisis. On Saturday, 19 June 2010, China’s...
China, Taiwan Complete Historic Trade Agreement
Jun. 29 – Negotiators from China and Taiwan completed a landmark trade agreement in Chongqing today that plans to increase bilateral trade by an estimated US$100 billion, slash tariffs on over 800 goods, and may prove to be the first step in a long and drawn out reunification process. China, at least, hopes that the...
Worries in Taiwan that economic interdependence will ...
CHANTING opposition to unification with China, tens of thousands of protesters massed on June 26th outside the office in Taipei of Taiwan’s president, Ma Ying-jeou of the Nationalist party, or Kuomintang (KMT). Their target was the Economic Co-operation Framework Agreement (ECFA), one of the most significant agreements...
Asians to make up 15pc of workforce by 2026
The Asian workforce in New Zealand is growing at a rate where it will make up 15 per cent of the country's total workforce by 2026, new research shows. Employment Minister Paula Bennett said the new Department of Labour report described the Asian population as highly qualified, youthful and entrepreneurial, and showed its...
Key off to Asia
Cuddly pandas, deadly torpedoes and Chinese food safety will be among the talking points when Prime Minister John Key travels to Asia next week. Mr Key leaves on Saturday for a 10-day tour of Korea, China and Vietnam, regarding China as the most important part of the visit. There would be a lot to discuss in his formal...
Haier: no plans to take bigger stake in F&P
Haier, the Chinese home goods maker that bought a 20 per cent stake in Fisher & Paykel Appliances last year, says it does not plan to increase its stake in the New Zealand manufacturer. Although not well known to New Zealanders, the firm clearly has the firepower to take over F&P Appliances. In 2008, Haier...
Time to rethink China - US trade relations
Time to rethink U.S.-China trade relations By James McGregor Wednesday, May 19, 2010 The U.S. government and the business community need to rethink our China strategy and retool our trade bureaucracy to face the tangled web of emerging Chinese policies. Otherwise, American technology companies could be coerced...
Fonterra wants total control in China
As Fonterra rebuilds its presence in China chief executive Andrew Ferrier says the dairy giant wants to control all aspects of its supply chain. In 2008 Fonterra owned 43 per of Chinese dairy company Sanlu - one of 22 firms caught up in a melamine contamination scandal in which at least six infants died. Sanlu...
U.N. Report: India and China Massively Improving Slums
May 11 – China and India have improved the lives of more slum dwellers than any other country, the United Nations Human Settlements Program newly launched State of the World Cities 2010/2011 report said. UN-HABITAT’s report, which was launched in Nairobi on Monday night, says that the two countries have lifted...
Shanghai Expo Fun facts
Shanghai Expo Fun Facts Oh, to be in the middle of it all... The Shanghai Expo, like communism and time shares, looks great on paper, but you don't want to actually experience it. OK, if you live in a city of less than one million, maybe the crowds, lines, and claustrophobia will dazzle...
Migration in China
ON THE hilly streets of Chongqing, men with thick bamboo poles loiter for customers who will pay them to carry loads. The “stick men”, as they are called, hang the items from either end of the poles and heave them up over their shoulders. In a city where the Communist Party chief, Bo Xilai, likes to sing old...
North Korea's leader visits China hoping for more goodies
THE timing could hardly have been more conspicuous. After weeks of speculation, early on Monday May 3rd Kim Jong Il, the not-so-endearing Dear Leader of North Korea, arrived in China by armoured train (he prefers not to fly). The trip, his first in more than four years, comes at a time of high tension on the Korean peninsula....
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