Ian Rowley of BusinessWeek raises many interesting points.
Would Bankruptcy Stall GM’s China Growth? Despite the automaker’s many woes, GM executives say it’s business-as-usual in China. Some industry watchers aren’t so certain
Malcolm Moore raises many interesting points.
The Chinese National Bureau of Statistics said the growth in gross domestic product had slipped back from 6.8 per cent in the final quarter of last year.
A great article by Phani Kumar of Wall Street Journal.
Asian markets ended mixed Wednesday amid concerns that stocks had risen too much too fast, with technology shares retreating on weak forecasts from Intel Corp. and India’s Infosys Technologies.
A short story by Chris Oliver at Wall Street Journal.
Asian markets closed mostly higher Monday, with Shanghai getting a boost from upbeat lending data and gains in resource shares, while Indonesia rallied after successful elections.
Another great article by Rohan Sullivan of The Pantagraph.
Struggling Australian miner Oz Minerals has struck a new, $1.2 billion deal with China’s Minmetals to work around government national security concerns about selling foreigners a mine on a sensitive military site.
* U.S. Firms in China See Downturn (Mei Fong, Wall Street Journal)
Over a third of U.S. companies in China — a percentage that has grown sharply in the past year — say they expect their revenues to drop in 2009, according to a survey by the American Chamber of Commerce in China, reflecting the slowdown in the Chinese economy.
Here is today’s story from Belfast Telegraph on Barack Obama.
How bad is the current crisis? Bad enough for Barack Obama’s new US administration to reach a deal with Congress on an $827bn (�560bn) stimulus package, worth almost 6% of GDP if delivered in a single year.
* China proposes replacing dollar as world currency standard (San Francisco Examiner)
Following a similar suggestion from Russia a few weeks ago, China central bank chairman, Zhou Xiaochuan, caled for the creation of a new currency to replace the U.S. dollar as the international currency standard. From the Wall Street Journal :
Here’s what the print edition of OC Metro has to say today on Fuchengman Dajie Freeway.
Looking out my 11th floor hotel window at the Fuchengman Dajie Freeway this dank Friday morning, its impossible to tell that half the privately owned cars in Beijing have been removed from the roadways. In a drastic step to dent Beijings legendary and exploding traffic crisis, government officials have banned up to 1.5 million cars from streets and freeways every day during the Olympic forte …
From China.com.cn. Here we go again:
Chinese Vice Premier Li Keqiang said Sunday China is confident and capable of achieving its 2009 economic targets and will strengthen cooperation with the international community to fight the global financial crisis.
