Not just another fake
China rebounded more swiftly from the global downturn than any other big economy, thanks largely to its enormous monetary and fiscal stimulus. In the year to the fourth quarter of 2009, its real GDP is estimated to have grown by more than 10%. But many sceptics claim that its recovery is built on wobbly foundations. Indeed,...
China and India's Growing Energy Rivalry
According to China's Foreign Ministry, there is nothing off the table for Premier Wen Jiabao on his three-day visit to India, which began on Wednesday, Dec. 15. Premier Wen's dialogue with Prime Minister Manmohan Singh will address obstacles blocking a future China-India free-trade agreement in addition to the simmering...
US-China trade talks bring mutually beneficial results
The annual trade talks between the United States and China have led to "great outcome," and will benefit both countries, US Commerce Secretary Gary Locke said yesterday. For the full story, click here
Too old for the one-child policy
Over the past few decades, China’s One-Child Policy has created a legacy of little emperors and lonely bachelors. Children dressed too warmly for the weather wander the streets of Shanghai, tailed by doting parents and grandparents. Dormitories full of male migrant workers ring Shanghai’s ubiquitous...
China, India agrees to establish strategic economic dialogue
Chinese Premier Wen Jiabao (L) talks to Indian Prime Minister Manmohan Singh during a signing of agreements ceremony in New Delhi today. Wen pressed on with a charm offensive in India today, vowing "friendship and cooperation" a day after striking business deals with his hosts worth more than US$16 billion....
China GDP to hit 37t yuan mark in 2010
A leading Chinese government think tank in a research report issued Wednesday predicted that China's economy in 2010 would grow 10 percent year-on-year with gross domestic product (GDP) reaching 37 trillion yuan ($5.56 trillion). For the full story, click here
British envoy attentive to Asia angle
British High Commissioner Vicki Treadell has taken a refreshing new attitude to her appointment in Wellington, with a focus on rebuilding relationships as New Zealand finds itself in an important global position. For the full story, click here
China’s Growth Has Measurable Global Impact, IMF ...
A 1 percentage increase in China’s growth rate when sustained over five years results in an extra 0.4 percentage point of growth for the rest of the world, according to two experts at the International Monetary Fund who have been studying the figures for the past two decades. For the full story, click here
Patience helps when trading with Chinese
Exporters and importers should be aware that China has relaxed the rules which saw most deals with Chinese businesses done in United States dollars, a banking specialist says. Cath Henry, head of global payments at HSBC NZ, told an ExportNZ breakfast in Wellington this week that China now allowed trading to be done in the...
Chinese give Villa Maria two gold medals
Villa Maria Estate took two gold and two silver medals at the China Sommeliers Wine Challenge in Shanghai. The Villa Maria Private Bin Sauvignon Blanc 2010 and the Villa Maria Cellar Selection Riesling 2008 bagged gold with silver going to Villa Maria Cellar Selection Pinot Noir 2008 and Villa Maria Cellar Selection...
Record-breaking train on track
Imagine how it feels to sit in a passenger jet as it hurtles down the runway just prior to take-off. That is the feeling a lucky group of passengers got to experience on Friday when China's newest fast train set a world record during a trial run as it hit 486.1 km/h on the Beijing-Shanghai line. The new record replaced one...
China's skyscraper boom buoys global industry
The 121-story Shanghai Tower is more than China's next record-setting building: It's an economic lifeline for the elite club of skyscraper builders. Financial gloom has derailed plans for new towers in Chicago, Moscow, Dubai and other cities. But in China, work on the 2,074-foot (632-meter) Shanghai Tower, due to be...
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