As the global financial crisis wages on, some countries find themselves deep in the trenches of bad credit, a ruinous housing market, and a workforce facing sectoral challenges. This is starting to ring true for China as well; and as a bad economy becomes part of China’s portfolio, the negative impact on other countries is unavoidable. The Purchasing Manager’s Index (PMI), an index used to measure manufacturing progress in economies around the world,...
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A Chinese news agency reported on Friday that a clan of five culprits in Southern region of China have been charged with intentional injury in the case of a 17-year-old Chinese boy who sold his kidney to buy two famous Apple products – an iPhone and an iPad. The teenager who is known as Zheng, did a search over Internet to find a way to get money, so he could buy himself an iPhone...
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Economic Experts give examples of economic growth in China, some say China has the best army, we hear a lot of things about China in every day news, but today there is something unique and new about China. According to the government statistics, China has now become the first country in the world to reach 1 billion mobile phone subscribers. In the last month of February the number of mobile phone subscribers reached 997...
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Transcript: Made in China. But not readily available on store shelves. That could be the case — for iPads soon. With global anticipation already building for the iPad 3, Apple has to overcome a major roadblock first: A small Chinese company — challenging Apple on intellectual property grounds. Here’s CNBC. “The Shenzhen Proview company won a court ruling saying it owns the iPad name in China and wants China’s customers to seize all the...
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Amid sluggish exports and fears of recession in Europe, Chinese manufacturing showed signs of improvement in January, as new orders rose to a three month high. The official Purchasing Manager’s Index (PMI) stood at 50.5 in January, up from 50.3 recorded in December, which was higher than the economists’ forecast of 49.5. A reading above 50 indicates expansion in manufacturing activity. Indexes for export orders, imports and employment showed a deeper decline. The index...
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Each year I have done a post discussing the issue of when China will have the world’s largest economy. Lester Thurow says it won’t be until the 22nd century; I say it may have already happened. Just to be clear, there is no “fact of the matter,” just as there is no fact of the matter as to whether China or the US is larger in terms of square miles. It’s what my students...
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We have no doubt that the building is as safe as the high speed train system in China. Description: What can you accomplish in 360 hours? The Chinese sustainable building company, Broad Group, has yet attempted another impossible feat, building a 30-story tall hotel prototype in 360 hours, after building a 15-story building in a week earlier in 2011. You may ask why in a hurry, and is it safe? The statistics in the...
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We have heard a lot about China becoming the world’s largest this and that. In 2009, when the world was in recession, China leapfrogged the U.S. to become the world’s largest auto market. In 2010, China overtook Germany as the world’s largest exporter. This year, China is likely to surpass Japan to become the world’s largest luxury goods market. So, it shouldn’t be a surprise when The Economist predicts that China will become the world’s largest importer...
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WASHINGTON—President Barack Obama plans to create a U.S. government task force designed to monitor China for possible trade and other commercial violations as part of a larger White House effort to get more assertive with Beijing this election year, people familiar with the matter said. The group, called the Enforcement Task Force, will aim to enforce U.S. trade rules. Despite the generic name, officials said the group is specifically meant to target China. It...
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See article here - http://www.valuewalk.com/2012/01/china-faces-social-unrest-from-housing-woes/ for background of potential riots. By Thomas There are generally three types of riots (after increasing severity): Student riots which are generally not serious. They are the earliest. Some (especially young people) think something is wrong; but they don’t quite know what. Tianmin Square is an example. They can and will be squashed by slapping the ringleaders in prison. Farmer uprisings. One way of bringing them about is lowering the price...
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China has reshuffled a list of key sectors where it wants to attract foreign investment, downgrading traditional industries like autos and putting more emphasis in emerging fields such as new energy sources. The changes reflect a broader shift in the country’s economic strategy, as leaders seek to shift away from a dependence on heavy manufacturing and toward higher-tech and more environmentally friendly industries. The National Development and Reform Commission, China’s top economic planning agency,...
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