China Economic ReviewIncome gap in the Mainland widened in the first quarter of the year, with 10% of the nation's richest claiming 45% of China's wealth, compared with 10% of China's poorest having 1.4% of the nation's wealth, state media reported. During this period, China's richest 10% had disposable income 11.8 times greater than the lowest 10%, […]
Many mainland textile firms report improved business since China and the EU resolved their textile dispute and China agreed to limit its exports, state media reported, citing textile industry officials. Despite China's agreement to reduce certain types of textile exports, the overall situation improved because the uncertainty factor was removed, observers said. China is still […]
Macau is experiencing an economic slowdown, the South China Morning Post reported, quoting statistics and economists. Package-tour visitor arrivals from the Mainland fell 14.1% year-on-year in April to 189,000. The number of mainland visitors increased only 13.5% on the year to 2.48 million the lowest growth rate since the SARS outbreak in 2003. Hotel occupancy […]
Airbus SAS is in talks to sell an undisclosed number of its biggest aircraft, A380s, to three Chinese airlines – Air China, China Eastern Airlines and Hainan Airlines, state media reported, citing Airbus executives. In preparation for the 2008 Olympics, Chinese airlines bought 140 aircraft, valued at US$15.5bn, this year from Airbus, Boeing and Empresa […]
The EU and China will face further trade tensions unless European businesses respond swiftly to China's increasing manufacturing might, EU Trade Commissioner Peter Mandelson warned just days after ending a textile dispute with China, the Financial Times reported on Thursday. He announced a probe into the alleged dumping of Chinese shoes and said that trade […]