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 Special Report |
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Snow Disaster Shows China¡¯s Weaknesses
When crisis breaks, weakest links are strained which results in serious consequences. An unprecedented snow disaster occurs during the busiest Spring Festival transport season and exposes China¡¯s weakest links to public.
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| Finance & Economics |
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Behind the Inflation: Debates on China¡¯s Control Policy
19 provincial level power grids in China have been temporarily switched off to limit power usage due to a 69.63 million kilowatt electricity supply shortfall. The State Council has urgently introduced a series of interim price intervention measures. But hidden behind these new policy implementations are the ulterior motives of some large state-owned enterprises.
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Consumption: Most Powerful Engine for China¡¯s GDP
Investments, consumption and exports are the troika pulling along any economy. In China, investment had been dominant for a long time. However, consumption replaced investments as the most powerful engine of China¡¯s economy in 2007 for the first time in seven years.
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Trade Surplus Disappears in 2008¡¯s New Policies
With the spreading effects of the US sub-prime crisis, RMB appreciation and relevant controlling policies indicate great uncertainty over China¡¯s foreign trade in 2008. Therefore, Commerce Minister Chen Deming didn¡¯t say anything about a reduction in trade surplus at his ministry¡¯s meeting on its tasks for this year.
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Shanghai's Economy VS Limited Land Resources
Shanghai is a city lacking in land and the gap between supply and demand is growing. Therefore, there will be less foreign enterprises entering Shanghai if the land conflict becomes even more intense, said Han Zheng, mayor of Shanghai.
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| Industry & Market |
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Limited Adjustment on Import and Export Tariff
The Ministry of Finance has announced a few adjustments, raising export taxes on some fertilizers, cutting tariff and value-added tax (VAT) on imports of some agricultural equipment parts and exempting export taxes on cargos entering the special areas supervised by customs.
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Changing Road of PRD
Industrial transfer is not new in the Pearl River Delta (PRD). PRD is seeking a way to change the production base to a ¡°¡®headquarters economy¡±.
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Retail Industry Frenzy Hits China before Olympic Games
China's retail industry now is in the final stages before the 2008 Olympic Games. However, the growth in retail has had a limited impact on the economy as the new super-malls and department stores target high earners and ignore the majority of consumers.
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| Company in China |
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| Culture & Art |
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Mysterious Kongfu-----Taiji
Taiji, also called the Shadow Boxing, Taichi or Taijiquan, is a mysterious Chinese Kongfu, which is widely practiced by people all over the country. As the representative kind of In-style, Taiji becomes a kind of difficult-to-learn Chinese Martial Arts and the symbol of sophisticated philosophy as well.
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