New China RSS
Reporting and analysis on economics, business and finance by China Economic Review
Updated: 1 year 46 weeks ago
Negotiating lessons we can learn from Google
The question for international negotiators is shifting from "How much do you want China?" to "How much does China want you?" Organizations that don't have a good answer may find themselves in a very weak bargaining position. The China-MNC romance is starting to look like a desperate tale of unrequited [...]
Will Geely test the UK market?
Overnight came the news that Geely (one of the few Chinese car companies with no product recalls last year) is set to take a controlling stake in Manganese Bronze, the makers of London's black cabs.
Geely and Manganese Bronze already have a partnership, with Geely building taxis in Shanghai. Some [...]
Giles Chance, professor at Guanghua School of Management at Peking University
Q: In the book, you mention a change from the G7 to the G20 but there are some who say that ultimately the power lies in the G2, just China and the US.
A: Yes, and thats a good point. I think that America is certainly trying to play [...]
Some interesting passages from the World Bank report
The latest World Bank quarterly report is available here.
For anyone looking to get up to speed on the Chinese economy, it is a must-read.
The headlines tomorrow will be that the World Bank has upgraded its growth forecast for the Chinese economy to 9.5% for this year, from 9%.
But [...]
Hedge funds in Hong Kong
Hedge fund managers are setting their sights on Hong Kong, but are mainland Chinese investors ready to get involved?
It is the nature of high-risk investments that there will be good times and bad times, but the ups and downs experienced by hedge funds over the past two decades have truly [...]
Now is the time to crack down on offshore finance
Since the start of 2009, a throng of countries around the world have signed up to new rigorous standards on exchange of information for tax purposes.
The likes of the Cayman Islands, Jersey, Andorra and Liechtenstein that not so long ago were considered handy places to hide money from the tax [...]
Bamboo booster
Today's oddest press conference came courtesy of the European Union and the International Network for Bamboo and Rattan (INBAR), which staged an event inside the International Bamboo and Rattan Tower in Beijing's Wangjing development area.
If you haven't heard of it, the International Bamboo and Rattan Tower is a hotel [...]
Interesting times for the Renminbi
It is looking like it will be an eventful April for the Renminbi-Dollar marriage.
On April 15, the US Treasury is due to release its annual currency report, and perhaps this will be the year when it decides to label China as a "currency manipulator".
The formal consequence of this is [...]
How much higher can factory wages go?
So the great Chinese labor shortage of 2010 appears to be unwinding. Anecdotal reports from factories in Shenzhen suggest that the city's alleged 800,000 job vacancies will all be filled by the end of the month.
When the fears about a labor shortage started circulating last month, I [...]
China's scary roads
China may be the world's largest car market, but it must be the most dangerous one too - and not just because of the maniac drivers.
Last year, the China Association of Automobile Manufacturers said that 13.6 million vehicles were sold, including 650,000 heavy trucks.
Now comes news from the [...]
The dollar peg has no end in sight
The peg between the renminbi and the dollar is back in the spotlight this week, after Zhou Xiaochuan, the governor of the People's Bank of China, that the link between the two currencies will one day end.
Zhou told a press conference that the peg was a special measure introduced [...]
Li Yining, economist, on China's exchange rate
Li Yining, a prominent economist, on misconceptions surrounding the Chinese exchange rate:
"The are many misconceptions abroad; China's exchange rate is not controlled by the government. People like to say we can decide exchange rates as we wish, but that's not true. The fluctuation of the exchange rate is a result [...]
Chinese Democracy
A business school in China is looking for a new dean. The school held a meeting on its campus recently a meeting with a promising purpose and arrangement, considering that it happened in the People's Republic.
- The attendees were most of the school's faculty and staff, about 300 people, [...]
Yang Guang, co-manager of the Templeton Global Opportunities fund on why he's a fan of China Resources Power and Shanghai Electric
Q: There has been continued concern at the scale of bank lending in China and the impact this is having on inflation, particularly in the stock and property markets. How much does this factor into your equity strategy?
A: First of all, we are a long-term investor so we dont look [...]
China promises to stop bullying foreign firms
The foreign business community in China is in an all-time grump.
Since the financial crisis, the Chinese government has been focussed on boosting its domestic industries, either through doling out easy credit or by enforcing rules, sometimes selectively, against foreign firms.
Applications for wholly foreign-owned enterprises and joint ventures are [...]
Is China "Dubai times a thousand"?
For weeks now, James Chanos has been loudly proclaiming the imminent collapse of China. If you thought Dubai was bad a couple of years ago, and we did, it has nothing on China, he says, adding that China is Dubai times a thousand.
The hedge fund manager, who made his [...]
Wu stresses transformation of mode of economic development
Top Chinese legislator Wu urged to accelerate transformation of the mode of economic development.
President Hu calls for independent innovation
President Hu Jintao has called for more efforts to promote independent innovation and upgrading of the industrial structure during his inspection tour to Shanghai which ended Sunday.
Economist warns against China bashing from Washington over trade
The United States needs to face up to its own imbalances rather than engage in more China bashing over trade, said world-renowned economist Stephen Roach.













