Plans for H2

The Chinese leadership sets the tone for China’s economy in the second half of 2013 A meeting held on July 30 by the Political Bureau of the Communist Party of China(CPC)Central Committee,the country’s top decision maker,diagnosed the Chinese     

Cutting Circulation Costs

High logistics expenses impede China’s economic and social development Xinfadi wholesale market,located in the southern suburb of Beijing,is a major trading hub for farm and aquatic products.It supplies 70 percent of the vegetables and fruit sold in the city every day.As Chinese Lunar New Year is coming,rising vegetable pricesworry many residents.     

Free up the Lending Rate

Liberalizing interest rates is essential for China’s financial reform, and the central bank is headed in that direction The People’s Bank of China(PBC),the country’s central bank,removed controls on lending rates on July20,which could create more competition among banks and make loans more available for private businesses."This is an ticipated news,but it comes sooner than expected,"said Guo     

No Subsidy,Now What?

Small appliance retailers fear the future as government subsidy programs come to an end Li Haiyan is a saleslady in the TV section of a Dazhong Electronics store in Beijing.At 3 p.m. on June 5, Li was napping on the shop’s sofa instead of servicing customers.     

That Extra Kick

China is in the throes of restructuring its economy,and helping small and micro-sized enterprises stay afloat will be key At a time when economic growth is sluggish,the Chinese Government has strengthened support for small and micro-sized enterprises.The State Council announced that value-added and turnover taxes for small businesses with monthly sales of less than 20,000 yuan($3,262) would be suspended as of August 1. The National Development and Reform Commission(NDRC) issued a statement on its website on July 26 saying that financing services for small and micro-sized enterprises would be strengthened.On the same day,the People’s Bank of China(PBC),the country’s central bank, announced that it would push the country’s banks to increase credit to small and microsized enterprises.Traditionally,these enterprises     

ABANDON SHIP? NOT SO FAST

China is set to revitalize its beleaguered shipbuilding sector The Hengfu Shipyard, headquartered in east China’s Zhejiang Province, used to be an industrial heavyweight with an annual production capacity of 1 million deadweight tons of vessels. However, the ship producer declared bankruptcy in 2011 due to a lack of orders and     

A New Start

Treasury futures trading is back after a near two-decade hiatus,but what’s new? China’s treasury bond futures, suspended for 18 years, has seen some vital progress in its restart.     

Silk Road Resurrection

New economic belt brings a wealth of opportunity for China,Central Asia and Europe When a Han Dynasty emperor sent his envoy Zhang Qian on a diplomatic mission to Central Asia almost 2,100 years ago,he set in motion an economic miracle.Establishing relationships with countries in the region and distant European nations,the     

A Crisis That Brought Good

The economic woes from the global financial crisis may have been exactly what China neededThe U.S.economy is recovering,an indication that the source of the 2008global financial crisis is slowly on the up and the recovery of the world economy is accelerating.Many minds have begun to reflect on the crisis and its ensuing pains in order to understand how various countries coped with the crisis and how they plan to prepare for the next.Two days are particularly unforgettable in