China Economic ReviewYahoo has been making waves recently, not the least because of a new vision harbored by the high-profile Jack Ma, who presides over Alibaba, the operator of Yahoo’s China site. Ma announced the portal’s new strategy would focus on search, committing Yahoo to a new business model and pursuing a Chinese search market that by Piper Jaffray estimates is worth US$134 million today and US$1 billion in ve years.
The OECD has increased its growth forecast for China, predicting economic expansion of 9.3% this year, 9.4% in 2006 and 9.5% in 2007. The figures, in its latest Economic Outlook report, are higher than the 9% growth rate projected for 2005 and 9.2% growth rate for 2006 predicted in its Economic Survey of China published […]
Despite the demands of US lawmakers and manufacturers to the contrary, the US Treasury declined to accuse China of manipulating its currency to gain economic advantages, according to media reports. However, it still pressed Beijing to allow market forces to set the yuan's value. The Treasury report stated China's small revaluation of the yuan in […]
China hopes to put a man on the moon and build a space station in 15 years, AP reported. After its second-manned space flight, Hu Shixiang, deputy commander of the manned space program, said: "We will have the ability to build our own space station and carry out a manned moon landing." Funding remains an […]
With a trade surplus up 801% in the first half a year-on-year to US$67.3 billion, the State Administration of Foreign Exchange (SAFE) said China would try to increase imports of strategically important raw materials, resources as well as advanced technologies and equipment to help right the balance, state media reported. SAFE, China's foreign exchange regulator, […]