Export Plummet Shock: A Guangdong Tiger Under Water
Dongguan, the factory floor of "Made in China" and a leading city of Guangdong Province's Pearl River Delta, China's massive export engine, is being hit hard by plummeting exports. For the first time in its history, growth has registered in the negative numbers.
April 13rd,2009
China's Car Market Rebounds, but It's Still Deep in the Woods
It is quite possible that China will overtake the United States this year to become the world's largest automobile market. In the first quarter, China succeeded the US as the "champ" with sales of 400,000 more vehicles than the new Number 2. This news is not as happy as everybody would like.
April 12nd,2009
China's Trade Rebound Hailed as Stimulus Policy Takes Effect
China's imports and exports are seeing some light after slogging through a dark tunnel. Although total imports and exports are both still declining year on year, the decline has slowed. More importantly, March imports and exports saw a steep month-on-month growth, which China Customs hailed as a "considerable sign of rebound." China's trade surplus also continues its rapid growth.
April 10th,2009
New Top Think Tank Helps Beijing Pinpoint Its New Global Role
China's policy-makers have felt and have been shown to be unprepared to address the ongoing financial crisis affecting the world's economy, with much economic and official thinking marked by bad analysis, weak forecasting and a lack of any effective coordination. With the recent G20 financial summit in London as a landmark, China must now participate in the reform of the global financial order in an all-round way, and the existing government decision-making mechanism is itself in for some serious reform.
April 6th,2009
Official PMI Tops 50: Is China's Manufacturing out of Woods?
March's official Purchasing Managers' Index (PMI) for China's manufacturers, just released by China Federation of Logistics and Purchasing, was 52.4, 3.4 points higher than in February. After a 4-month rebound, the official PMI again stands above 50%, the "Bull/Bear line" reflecting overall economic expansion. It has been below the line for 6 consecutive months.
April 3rd,2009
Most China Profits Still Falling on Eve of London Meeting
China's private economy is still showing profit growth despite the economic slowing, demonstrating its resilience, while state-owned enterprises and foreign invested companies has seen profits fall by almost 60% and 40%, respectively, since the beginning of this year.
March 27th,2009
Stimulus Plan Recovery Looks to Be Short Lived, Jobless
Despite some statistical improvement, China's overall economy is continuing to decline. With most of the funds from the government's 4 trillion yuan stimulus package already invested in infrastructure construction and state-owned enterprises, analysts worry that, due to a lack of investment from the public and particularly from local governments, any rebound and creation of new employment may not last long.
March 23rd,2009
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