China Economic ReviewFire or hot air? As the voracious dragon gobbles up the world's resources and companies like Maytag and Unocal target foreign firms, mainland China seems invincible – rich, powerful and unlimited in possibilities. But is it really? asked the Wall Street Journal. Some observers within the Middle Kingdom say China does not seem all-powerful. Increasingly, […]
China and the Association of Southeast Asia Nations are to lower tariffs on traded industrial goods on July 20, state media said, quoting the Ministry of Commerce. The move is the second phase in the strategy to forge a free-trade area between China and ASEAN. Under last November's bilateral accord on commodities trade, tariffs gradually […]
China vigorously opposes an EU anti-dumping investigation into its shoe exports, state media reported Monday. Beijing accused Brussels of causing trade friction by doctoring trade statistics, media reported. A Commerce Ministry spokesman called the probe lacking a practical or legal basis and urged the EU with which China recently resolved a textile dispute to stick […]
Manulife Financial, the global life insurer, will invest about US$25.15bn to expands its presence in the Mainland to more than 20 cities over two years, the Standard of Hong Kong reported, citing company officials. Manulife now has seven branches in the Mainland, 51% owned by Manulife and 49% owned by China Foreign Economic and Trade […]
China will keep interest rates "relatively low" in order to increase consumer spending and help reduce a trade surplus that has caused tensions with the US and Europe, state media reorted, quoting the People's Bank of China Governor Zhou Xiaochuan. Zhou, attending a meeting of central bankers in Switzerland, said consumer prices "are stabilizing", reducing […]