From Economic Observer Online: China has averted the threat of its economy overheating, concluded a recent report issued by China’s State Information Center (SIC) on the country’s present economic situation. The...
Wen Jiabao’s Troubled Macro Adjustment: Officialdom gains weight at the people’s expense – Liang Jing
by Xiao Qiang | Nov 14, 2006
Thanks to David Kelly for this translation: In the PRC, all who pay attention to the economic situation can see ever more clearly that Wen Jiabao’s macro adjustment has not achieved its anticipated effect. The speed of investment growth still shows no sign of dropping, while the proportion of expenditure by residents continues to fall. […]
by Jonathan Ansfield | Nov 8, 2006
Jiangxi province…is facing a difficult dilemma between economic development and environmental protection. In this dilemma, environmental regulators also face a problem – of which “buttock” to sit on. The Songhua River disaster, last November, pointed to the conflicts of interests that cripple environmental regulators at the grass-roots. Top domestic publications gave bird’s eye glimpses of […]
by Wu Nan | Oct 18, 2006
From Reuters: China’s top statistician was sacked after anti-corruption investigations implicated him in the Shanghai pension fund scandal, a spokesman for the National Bureau of Statistics (ÂõΩÂÆ∂ÁªüËÆ°Â±ÄÔºâsaid on Thursday. Qiu Xiaohua ÔºàÈÇ±ÊôìÂçéÔºâ– who announced a new “Happiness Index” this year to include living conditions, the environment and salary — was dismissed as chief of the […]
by Jonathan Ansfield | Oct 18, 2006
What to make of Qiu Xiaohua’s abrupt removal from his job as China’s chief statistician? No one really knows for sure yet. Last week’s tersely worded Xinhua news agency item sounded an alarm bell that something was amiss. Word around Beijing is that Qiu will not be reassigned: he committed a “severe disciplinary violation” (‰∏•ÈáçËøùÁ∫™). […]
by Zhao Ying | Jun 30, 2006
From Forbes Report: A state-run think tank has suggested that the government further tightens credit and land supply to curb excess liquidity and ease excessive growth in fixed asset investment, according to a report published...
by Mo Ming | Jun 27, 2006
From Xinhuanet: China’s fixed asset investment, which cooled down a bit last year, has been growing rapidly so far this year, indicating that the country’s macro economy is entering a “difficult time”....
by Zhao Ying | Jun 22, 2006
From Bloomberg: China may pay less to sell 20-year bonds than it did a year ago as economic growth spurs savings, giving banks more money to invest in local debt securities. The government plans to sell 30 billion yuan ($3.75 billion) of bonds maturing in 2026 this week. The 20-year bonds sold in May 2005 […]
by Michael Zhao | Apr 8, 2006
From Beijing Review (link): At first glance, the official figures of China’s oil consumption in 2005 seem a bit confusing. With a robust economic growth and rising annual oil imports, China made the surprise announcement that its oil consumption growth rate was dropping sharply, from 15.3 percent in 2004 to 2.1 percent in 2005. Earlier, […]
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