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Foreign investment doubles in December
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- Published on Wednesday, 27 January 2010 09:27
Foreign direct investment (FDI) to China more than doubled in December, in the latest sign of economic recovery in the world's fastest-growing economy.
FDI skyrocketed by 103.1 percent from a year earlier to [US]$12.14 billion, compared to the 32 percent year-on-year growth in November, the Ministry of Commerce said on [Jan. 15].
Investing in U.S. and Chinese medical startups discussed by a serial entrepreneur and investor
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- Published on Tuesday, 26 January 2010 12:10
By Greg Hugh, Staff Writer
The first 2010 meeting of U.S.-China Business Connections (UCBC) held in January at the Metropolitan Community and Technical College in Minneapolis, Minn. was attended by a capacity group that filled the packed meeting room.
How to further boost consumption?
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- Published on Tuesday, 26 January 2010 11:53
COMMENTARY
By Louis Kuijs, Senior Economist, World Bank Office, BeijingIncreasing the role of domestic consumption is one of the key objectives of China’s 11th Five Year Plan. China’s overall economic growth and development in recent decades has been truly impressive. However, it has been accompanied by some imbalances. A relatively low and declining role of consumption has been one of the key imbalances, together with increasing income inequality, intense use of resources and impact on the environment, and a rising trade surplus. The imbalances are largely an outcome of China’s capital-intensive, industry-led pattern of growth. The 11th Five Year Plan (2005-10) aims at redressing the imbalances, in large part by adjusting the pattern of growth.
Top 10 economic forecasts
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- Published on Tuesday, 26 January 2010 12:00
China Today Editor's Note: Since the beginning of 2008, China's GDP growth has shown a perfect "V" shape, indicating a solid recovery from the global economic slump. There is no doubt that China has achieved the goal of 8 percent GDP growth in 2009, but how will the economy grow this year? Our editors have made the top 10 forecasts for how China will grow its economy in 2010.
World Bank: China Quarterly Update
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- Published on Monday, 04 January 2010 14:12
By World Bank Office, Beijing
Overview
Large fiscal and monetary stimulus has supported a recovery in China’s economy. Falling exports amidst the global recession have been a major drag on growth. Nonetheless, real GDP growth rose to 8.9 percent year-on-year in the third quarter on the back of the stimulus. Although most of the stimulus has shown up in infrastructure-oriented government-led investment, some has been consumption-oriented and domestic demand growth has been broad based. Resurgent housing sales have started to feed through to construction activity. Investment in manufacturing is affected by spare capacity, but consumption has held up well. The strong domestic demand has buoyed import volumes and the current account surplus may fall to 5.5 percent of GDP this year even with import prices down sharply. The downturn has clearly affected the labor market, but the impact has been smaller than expected and the trough may have been past.
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