ChinaDev

China becomes 5th-largest global investor

The Ministry of Commerce announced that China ranked as the world's fifth largest outbound direct investor in 2009, up from 12th place in 2008, with a total volume of US$56.5 billion, state media reported.

World Briefing | Asia: China: Another Traffic Jam on the Jingzang Highway

Sat, 04 Sep 2010 05:10:24 +0000

Yet another gargantuan traffic jam has gripped the freeway that links Inner Mongolia’s coal fields to metropolitan Beijing, possibly exceeding a blockage that drew global attention last month.

China, India Say Stability of World's Reserve Currencies Is `Important'

Thu, 02 Sep 2010 09:44:35 +0000

China and India said maintaining the relative stability of major reserve currencies is “very important” to achieving strong, sustainable and balanced growth of the global economy, according to a statement posted to the website of China’s Ministry of Finance.

Laos, where rubber hits the road to China

sfgate.com — Sun, 11 May 2008 16:42:33 +0000

The rice fields that blanketed this remote mountain village for generations are gone. In their place rise neat rows of young rubber trees -- their sap destined for China. As Beijing scrambles to feed its galloping economy, it has already scoured the world for mining and logging concessions. Now it is turning to crops to feed its people and industries. Chinese enterprises are snapping up vast tracts of land abroad and forging contract farming deals. (sfgate.com)

IMF cuts Chinese economic growth forecasts to about 9%

China Daily — Fri, 09 May 2008 06:15:22 +0000

The International Monetary Fund (IMF) said Thursday it has adjusted its forecasts for the global economic growth in 2008 downward to below 4 percent, with a growth of just above 9 percent for the Chinese economy. (China Daily)

In battle with China for allies, Taiwan resorts to riskier tactics

International Herald Tribune — Fri, 09 May 2008 06:15:22 +0000

A scandal here over a bungled Taiwan attempt to forge official ties with Papua New Guinea has thrown a spotlight on the long-running, shadowy war between China and Taiwan for allies. (International Herald Tribune)

China's submarine progress alarms India

Asia Times — Thu, 08 May 2008 16:06:52 +0000

Reports of China building a massive strategic naval base capable of housing nuclear-powered submarines on Hainan island in the South China Sea have India on red alert. The fear is not so much that China will launch any offensive against India, but that India is falling far behind in the race to dominate the region's seas. (Asia Times)

Cost Pressures and Profit Margins: Facts and Thoughts

Morgan Stanley — Thu, 08 May 2008 06:29:19 +0000

GDP growth slowed to 10.6% in 1Q08 from 11.9% in 2007. The headline CPI inflation | albeit at a high level | appears to be peaking out. The downward trend in export growth has become more evident. Industrial production has also shown signs of moderation. While investment growth remained robust, consumption growth slowed in the aftermath of a deep stock market correction. (Morgan Stanley)

$9.7b price tag for landmark Tianjin eco-city

lushhomemedia.com — Wed, 07 May 2008 19:31:12 +0000

The ambitious eco-city being jointly built by Singapore and China in this northern port city will cost about 50 billion yuan (S$9.7 billion), officials here said yesterday, while giving the assurance that the project will not benefit only the rich. (lushhomemedia.com)

China is now Japan's top trading partner

CCTV — Wed, 07 May 2008 05:55:57 +0000

Bilateral trade between China and Japan has developed rapidly increasing more than 200 fold in the past thirty years. This guarantees China's status as Japan's number one trading partner. (CCTV)

Asia sets $2.5 bln farm boost, aid in food price fight

Reuters — Wed, 07 May 2008 05:55:57 +0000

The ADB pledged $2.5 billion in emergency aid and loans in Asian nations hit hardest by soaring food costs as finance chiefs agreed on Tuesday to boost farm output as a long term solution to the crisis. (Reuters)

China warns farmers against stubble-burning to cut Olympic-time smog

Kyodo — Mon, 05 May 2008 17:51:28 +0000

Chinese farmers have been warned to respect a ban on burning stubble to improve air quality during the Beijing Olympics, state media reported Monday. (Kyodo)

Japan, China, S. Korea to launch consultative body for financial stability

Kyodo — Mon, 05 May 2008 06:10:17 +0000

Finance ministers from Japan, China and South Korea agreed Sunday in their meeting in Madrid to create a new framework by the end of the year to promote financial stability in Asia, recognizing the current financial market turbulence as a major risk to the regional economy. (Kyodo)

In China's wild, wild west

Business Standard — Sat, 03 May 2008 08:31:24 +0000

The Uighurs are China's Turkic Muslims in a volatile region where unrest sits on a keg of cultural alienation. Beyond the stereotypical notions of dragons and daggers, kung-fu and Confucius, lies another, less-known face of China and the people of China. (Business Standard)