China Economic ReviewWith 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, […]
The Politburo said China will improve macroeconomic controls on fixed-asset investment, accelerate economic reform and boost consumption in 2006, reported the South China Morning Post. The announcement came ahead of the annual national economic work conference expected next week, which assigns priorities in the year's overall economic plan, and drafts a government work report to […]
Finland-based Nokia increased mobile phone sales in China 77% in the first three quarters of 2005 year on year, selling 23 million units and earning US$3.3 billion in sales in China with 380 million mobile subscribers, reported AFP. Sixty percent of China's telecommunications are mobile, said Nokia. "We believe that by 2010, China will have […]
China's clothing exports to the European Union rose by 40% in the first eight months of the year, reducing imports from other Asian and African exporters, reported the Financial Times. Burma and the Philippines were the worst hit Asian countries, down 54.4% and 41.4% respectively. Also falling were South Korea, by 28.6%; Thailand by 15.1%, […]
China's "little emperors", the pampered offspring of the country's one-child policy, will underpin a domestic consumption boom in the next decade as they mature, researchers at BNP Paribas have predicted. "We're expecting a nationwide boom from 2005-2016, when the largest number of single children become mature consumers," China Research head Erwin Sanft told reporters. BNP […]