From China Daily via China Economic Net: Chinese businesses will have to cope with continuously rising resources costs as pricing liberalization is sped up. Despite concerns, the nation’s top policy-making body, the National Development and Reform Commission, has vowed to push ahead with its liberalization campaign. “We will allow the scarcity of resources to determine […]
Read MoreFrom Bloomberg: In the three years since receiving his engineering degree in Shanghai, Jason Zhang has switched jobs twice and quintupled his salary as overseas companies scour China for professional workers. “If you have language skills, if you have technical skills, it’s very easy to find a job,” says Zhang, 26, who speaks fluent English […]
Read MoreFrom New Economist: The Institute for International Economics have just published US-China Trade Disputes: Rising Tide, Rising Stakes by Gary Clyde Hufbauer, Yee Wong and Ketki Sheth. The chapters are available to download online. Here’s a brief synopsis: Since its accession to the WTO, China has become the United States’ third-largest trading partner and the […]
Read MoreFrom the New York Times: The United States trade deficit narrowed ever so slightly in June, but the mild improvement did not deter renewed calls in Washington for a substantial currency revaluation by China to make American exports more competitive. Congress is again threatening to take protectionist measures unless China does more than allow the […]
Read MoreFrom AFX via Forbes.com: China’s economy is not overheating despite its rapid growth, and gross domestic product should expand by about 10 percent for the full year, an influential economist said. Wang Yiming, deputy director of the macro-economic research institute under the powerful National Development and Reform Commission, said that growth will be maintained at […]
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