Cooperation Programs
Partner
China Newswire
AmCham-China Wire: March 2, 2010 11 February 2012
| 02 MARCH 2010 | A service of AmCham-China and  |
| SELECTED CHINA MEDIA REPORTS | View Archives |
| 1. Soros: China better than the US at handling the global financial crisis 2. Suggestions for improvement of the food supervision system and unified food safety standard 3. Forecasts from institutions: CPI growth may exceed 2% in Feb., trade deficit may appear 4. Environment tax for vehicles approved by Ministry of Environmental Protection and other ministries, arouses debate 5. CSRC tightening financing practices of real estate developers 6. Obama sends two experienced "China hands" on a visit to China 7. China's first foreign-invested partnership enterprise set up 8. NBS willing to make improvements to statistical investigation plan for housing prices 9. China's reliance on foreign trade up to 60% 10. Fiscal spending in education will reach 4% of GDP in 2010 |
|
| SELECTED FOREIGN REPORTS: 02 MARCH 2010 | |
| U.S. Visit Signals Thaw in China Ties (AWSJ - subs. req.) Crude or Food? Investors Should Trade Their Oil for Soil (AWSJ - subs. req.) New Scrutiny on Censorship Issues for U.S. Companies in China (NYT - reg. req.) Communist Party Needs to Loosen Its Grip in China (NYT - reg. req.) Top mainland banks rein in February loans (SCMP - subs. req.) Pressure mounts for stronger yuan rate (SCMP - subs. req.) |
|
 |
|
| 1. Soros: China better than the US at handling the global financial crisis Feb. 28, George Soros says that he is unhappy with US President Barack Obama's handling of the financial crisis. He says that the government should have taken over US banks instead of bailing them out. He says, "The solution that he found to the financial crisis, which was to effectively bail out the banks and allow them to earn their way out of the hole, was, in my opinion, not the right solution." He says that China took a better approach to dealing with the financial crisis by forcing its banks to increase their minimum capital requirements. He says that China has, in recent years, been more successful in its handling of economic policy than the US. [Tencent, 2010.03.02] 1,171 words - PReSEARCH it now 2. Suggestions for improvement of the food supervision system and unified food safety standard Suggestions for the improvement of the food supervision system and unified food safety standards are given. First, China should resolve to gradually set up a unified and collective food supervision system. Second, China should map out a unified food safety standard as soon as possible. Third, China should further improve the spot check procedure for food supervision. [Tencent, 2010.03.02] 2,373 words - PReSEARCH it now 3. Forecasts from institutions: CPI growth may exceed 2% in Feb., trade deficit may appear According to statistics, many institutions forecast that China's CPI growth may range from 2.2% to 2.8% in Feb., lower than the 3% previously estimated by some bold institutions. Experts also forecast that China's foreign trade surplus may decrease and a trade deficit may even appear in Feb. because Feb. is a traditionally low season for China's exports. [Sohu, 2010.03.02] 2,281 words - PReSEARCH it now 4. Environment tax for vehicles approved by Ministry of Environmental Protection and other ministries, arouses debate According to media reports, the Ministry of Environmental Protection and other relevant ministries and departments under the State Council have agreed to levy an environment tax in order to cut vehicle emissions. If the environment tax takes effect, car owners will have to pay bills for exhaust emissions. Earlier, Zhang Yanyou, deputy director of the Beijing Municipal Development and Reform Commission, disclosed that the country had already studied the reform of environment tax for vehicles. Liu Heng, deputy dean of the School of Taxation under the Central University of Finance and Economics, says on Feb. 28 that he is not optimistic about environment tax for vehicles because there are three kinds of taxes related to vehicles that play a role in protecting the environment. The first is consumption tax, the second is fuel tax and the third is car purchase tax. [Sohu, 2010.03.02] 1,205 words - PReSEARCH it now 5. CSRC tightening financing practices of real estate developers The China Securities Regulatory Commission (CSRC) and the Ministry of Land and Resources are joining hands to check 25 projects of real estate developers applying for IPOs and refinancing. [Sohu, 2010.03.02] 945 words - PReSEARCH it now 6. Obama sends two experienced "China hands" on a visit to China US Deputy Secretary of State James B. Steinberg and Jeffrey Bader, senior director for Asian affairs at the US National Security Council, will pay a two-day visit to China from March 2-4. They will exchange opinions with the Chinese side over matters related to China-US relations. According to US media reports on March 1, this is being regarded as a sign that tensions in US-China relations are being alleviated. [Sina, 2010.03.02] 809 words - PReSEARCH it now 7. China's first foreign-invested partnership enterprise set up The Measures for the Administration of the Establishment of Foreign-invested Partnership Enterprises by Foreign Enterprises and Individuals in China takes effect on March 1. On the same day, China's first foreign-invested partnership enterprise is established jointly by Chinese citizen Li Aimei and US-based Precursor Chemicals Inc. Li Aimei invests RMB9m and the US-based firm invests RMB3m in the joint venture. The company is mainly engaged in flower planting, exhibitions, sales, gardening tools, sales of garden furniture and garden afforestation projects. [Net Ease, 2010.03.02] 552 words - PReSEARCH it now 8. NBS willing to make improvements to statistical investigation plan for housing prices March 1, the National Bureau of Statistics (NBS) announces the new statistical investigation plan for housing prices in China's 70 big and medium-sized cities. The NBS says that it will earnestly study the suggestions of experts and the public. Feb. 25, the NBS released a statistical report about national economic and social development for 2009. According to the report, the housing prices of 70 big and medium-sized cities across the country only rose by 1.5% on average, with newly built housing prices up 1.3% and second-hand housing prices up 2.4% over the previous year. This has aroused fierce debate among experts and the pubic. Among them, 90% did not believe it and wondered, if it was true, why the government launched so many policies to curb soaring housing prices. [Net Ease, 2010.03.02] 1,153 words - PReSEARCH it now 9. China's reliance on foreign trade up to 60% China's reliance on various foreign resource commodities like iron ore, crude oil, grain, oil, and coal is quite high. Minister of Industry and Information Technology Li Yizhong recently said that China's reliance on foreign trade had already risen to 60%. [Net Ease, 2010.03.02] 1,522 words - PReSEARCH it now 10. Fiscal spending in education will reach 4% of GDP in 2010 March 1, the Ministry of Education holds a press conference to explain the newly released outline of the medium and long-term plan for the reform and development of national education (2010-2020). According to the draft, the Ministry of Education is full of confidence that it will achieve the goal of fiscal spending in education reaching 4% of the GDP in 2012. However, the Ministry of Education admits difficulties. [Net Ease, 2010.03.02] 3,868 words - PReSEARCH it now |
|
 |
|
Prepared by Beijing SinoFile Information Consulting Company Ltd. For full news service coverage, including PReSEARCH |
|
- Get the AmCham China Wire with your RSS aggregator北京市金桐西路10号 远洋光华国际 AB座6层 The Office Park, Tower AB, 6th Floor No. 10 Jintongxi Road, Chaoyang District, Beijing, 100020 PRC
Tel: (8610) 8519-0800 Fax: (8610) 8519-0899 E-mail: amcham@amchamchina.org Website: www.amchamchina.org
- About AmCham-China -
- Contact Us -
- Site Map -
- FAQ
- © 2012 AmCham-China
- 京ICP备05064745号
- Powered By
.png)