China Archives - Page 23 of 54

Unexpected Rise in Chinese Exports

For most nations, when imports begins to decline, the amount of exports usually follows suit since it is difficult to continue sending items when there may be nothing with which to make them. However, China is changing this common perception as their exports are continually rising, and have been for the last several months, with a total increase 5.5% in June alone. This leaves China receiving a number of mixed signals as it appears their economy is beginning to improve, but that the middle class, which tends to spur the economy the most, is stalling.

Slower Growth for China on the Horizon

China’s growth outlook is the focus of analysts and economic policymakers all around the world. Nobody can afford now to ignore the scale of the economy and its impact on the global growth outlook. China already accounts for more than 12 per cent of world output in nominal terms and that share continues to grow steadily.

Pressure in China to Allow Emerging Economies Greater Presence in Financial System

The experience that Chinese leaders gain in domestic politics has a big impact on how they view and handle international issues. Many China watchers and political analysts often overlook these domestic roots of Chinese foreign policy, particularly in China’s push to reform the international financial system.

Huge Obstacles in $400 Billion Russia China Gas Deal

With its economy flat lining and being held up by oil and gas exports, Russia desperately needs to increase the scale of those exports. On the face of it the massive $400 billion deal Russia signed with China on 21 May, for a 30 year gas supply contract, looks just the ticket to deliver that increase over the long haul. However, the deal has a number of non-trivial obstacles to overcome, chief of which are disagreements between China and Russia over pricing and the difficulty Russia may find in funding the required pipeline.

Chinese Financial Assistance to Boost Intra-regional Trade in South Asia

Since the mid-2000s, the South Asian region has witnessed an incoming wave of Chinese financial assistance. In some South Asian countries like Sri Lanka, China has overtaken traditional donors by highly engaging in post-war infrastructure development activities. So China’s engagement in South Asia creates both opportunity and uncertainty for India and its neighbours. The question remains: will intra-regional trade increase, if so, at what cost to the region?

US Indicts Five Chinese Military Officials For Cyberspying

In its most aggressive action taken against China thus far, the U.S. Justice Department on Monday charged five Chinese military officials for economic cyber-espionage, issuing a formal indictment and even “wanted” posters against the accused.

“This administration will not tolerate actions by any nation that seeks to illegally sabotage American companies and undermine the integrity of fair competition in the operation of the free market,” said U.S. Attorney General Eric H. Holder Jr. at a news conference in Washington.

Dongguan Factory Strike: A Turning Point For Chinese Labour?

Last month, tens of thousands of Chinese workers staged a massive strike at a shoe factory in Dongguan, lasting over two weeks and involving over 40,000 people. The strike was notable for both for its scale and substance – the workers not only demonstrated significant legal knowledge and political savvy, but also showed a wider sense of workers’ consciousness.

China Begins Construction Work In Disputed Area Of South China Sea

China has begun work on building an airstrip or military outpost in the disputed Spratly Islands in the South China Sea, said the Philippines on Wednesday, just a week after the Chinese also deployed an oil rig in another set of disputed waters near Vietnam.

The Philippine Department of Foreign Affairs said that it had lodged a formal protest with China regarding ongoing construction work at Johnson South Reef in the Spratlys, but the Chinese government chose to reject the protest.

Why Chinese Living Standards Matter More Than Being The World’s Largest Economy

The Chinese economy is on track to replace the U.S. as the world’s largest economy – measured by purchasing power parity (PPP) – by the end of this year, according to a recent World Bank report. But while emerging economies are catching up with advanced economies, but differences of living standards remain far apart.

China Could Build Undersea High-Speed Railway To America: Report

Chinese officials are discussing the possibility of building a high-speed railway line from Beijing to the United States, reported the China Daily last week, with the proposed railway set to pass through Russia, Alaska and Canada before hitting the American mainland.

According to Wang Mengshu, a railway expert and academician at the Chinese Academy of Engineering, the project will be funded and constructed by China; though details had yet to be finalised.