People's Bank of China (PBOC) governor Zhou Xiaochuan said inflation on the mainland is a clear trend and that measures will have to be taken to prevent it if it continues. The Consumer Price Index rose by 3.2% in January 2004 compared with 2003 and the PBOC predicted that it will rise another 3% by […]
Category: Economics & Trade
Categories
Avian shades of SARS
A poultry infection killed more than 20 people in Southeast Asia and popped up in chickens in many areas of China. But the panic that accompanied SARS is missing.
Categories
Ross Predicts
Ross Terrill is an Old China Hand who has been reading the tea leaves of Chinese politics for decades, since the days when clues to what the Chinese leadership were thinking were to be found only between the lines of <i>People’s Daily editorials</i>.
The Civil Aviation Authority of China (CAAC) announced that it approved United Eagle (Yinglian) Airlines Co to launch operations. United Eagle is the first privately owned airline approved by CAAC to operate in China. The CAAC's director said that there were other domestic companies eager to establish an airline in China, but the approval process […]
Government officials said that China will focus on achieving a basic balance in international payments in 2004 in order to avoid negative repercussions from recent surpluses. Options under consideration include investing in high technology and high value-added exports while reducing uncompetitive exports, encouraging selected imports and tightening capital inflow supervision. The director of the State […]