Much as Japan Inc. caused a sensation with its buying spree in the eighties, acquiring prominent U.S. companies and landmarks, including Rockefeller Center, Chinese companies are making their presence felt. Acquisitions range from AMC cinemas to IBM’s personal computers unit. Read Here – The Diplomat
hina’s oil import dependency has risen from 32% at the beginning of this century to 57% last year. In the past few years, Chinese car ownership has exploded while China’s oil production has grown only slightly. Read Here – WorldCrunch
On Dec 1, 1943, China, the United States and Britain jointly issued the Cairo Declaration, which explicitly states “that Japan shall be stripped of all the islands in the Pacific which she has seized or occupied since the beginning of the First World War in 1914, and that all the territories Japan has stolen from […]
Strengthening dialogue and cooperation is the “correct choice” for China and the United States, President Xi Jinping told visiting US Vice-President Joe Biden Read Here – China Daily
The Chinese Communist Party’s Third Plenum released its plan for reforms, including moving toward the free market in allocating resources, abolishing prison reeducation, easing the one-child restriction for some families and eliminating local control over the judiciary. Despite such guidance on reforms, though, the plan is also designed to strengthen the party’s control, writes journalist […]
The roadmap for China’s foreign exchange reforms has now come into focus, following the recent conclusion of the landmark Third Plenum, which outlined the blueprint that is set to shape the direction of economic reforms in the world’s second-largest economy for the next decade. Read Here – The Diplomat
Gold’s burnished appeal in China stems in part from a lack of alternative investments. While the MSCI All-Country World Index of equities rose 18 percent this year through Nov. 22, the Shanghai Composite Index slumped 3.2 percent. Policymakers clamped down on property investments in March to cool the housing market, ordering the central bank to raise down-payment requirements […]
The recent Third Plenum of the 18th Chinese Communist Party’s Central Committee inaugurated a number of significant reforms. Among the most interesting developments is China’s establishment of a new “State Security Committee” (SSC), an important step in further centralizing power into the hands of the party’s top leadership. Read Here – The Diplomat
China’s 850 cities are witnessing the largest urbanization movement in human history. By 2025 China is expected to have 221 cities with over a million inhabitants and 23 cities with more than 5 million people. Such explosive urban growth is straining Chinese infrastructure. Read Here – The Diplomat
In the latest move in China’s anti-waste campaign, central authorities have issued rules to standardise fund management and ban Party and government extravagance Read Here – China Daily
looking beyond borders 