China Economy Forum

[Jlaw]

bumping this up so that Vietnamese can butt hurt

But TPP will collapse China economy would be their come back

 

[TaiShang]

Dell is planning a big expansion in China
SEPTEMBER 10, 2015, 10:08 AM EDT

Tech company is pouring billions into fast-growing market.

PC maker Dell is setting its sights on China in a big way.

The computer company announced Thursday that it is planning to invest $125 billion in China over the next five years.

“The Internet is the new engine for China’s future economic growth and has unlimited potential,” CEO Michael Dell said in a statement.

China is the second-largest market for Dell, which has operated in the country for about 20 years. The company had about $5 billion in annual sales in China before going private in 2013.

With its massive population and burgeoning middle class, China has become a fiercely competitive market for many tech firms. Dell, for its part, announced partnerships with China Electronics and the municipal government of Guiyang earlier this year to bolster its prospects in the country.

***

What ? Was not China collapsing last week?

 

[TaiShang]

bumping this up so that Vietnamese can butt hurt

I would say it is mostly Muricans and Indians. Their media went berserk over the past month. Vietnamese and others simply repeat what they hear or read.


***

China continues to promote world trade

China, the world's second biggest economy with the world's largest population, has become the 16th member to accept the Trade Facilitation Agreement of the WTO (World Trade Organization) recently.

In order to promote world trade facilitation, China has pushed for negotiations to accelerate its implementation. Initiated in October 2004, negotiations have progressed very slowly with an agreement formally approved at the Bali ministerial conference in December 2013.

However, the agreement has not taken effect as scheduled on July 31, 2014, because India has insisted on resolving food safety problems. In November 2014, the United States and India have agreed on trade facilitation and then the WTO General Council passed the agreement and launched it into acceptance procedures.

The agreement can come into effect if two thirds of members accept it. This is the first multilateral trade treaty endorsed by the WTO.

China remains positive about negotiations. Beijing had participated in the making of eight proposals including: trade regulations, risk management, follow-up inspections, priority areas, technology aids, capacity building and more, putting forward plans to help the Doha Round equitable development go into effect.

China submitted the implementation plan on June 30, 2014. The Chinese government believes the trade deal will lower costs and drive global economic growth. As the first developing country to accept the agreement, China has played an exemplary role.

China has carried out policy reforms for free trade zones in Shanghai, east China, Tianjin, north China, Guangdong and Fujian, south China. In a bid to clear trade barriers and create convenient customs procedures, Beijing has boosted modernization of the port management system nationwide, which demonstrates China’s sincere efforts to promote world trade.

 

[Jlaw]

I would say it is mostly Muricans and Indians. Their media went berserk over the past month. Vietnamese and others simply repeat what they hear or read.


***

China continues to promote world trade

China, the world's second biggest economy with the world's largest population, has become the 16th member to accept the Trade Facilitation Agreement of the WTO (World Trade Organization) recently.

In order to promote world trade facilitation, China has pushed for negotiations to accelerate its implementation. Initiated in October 2004, negotiations have progressed very slowly with an agreement formally approved at the Bali ministerial conference in December 2013.

However, the agreement has not taken effect as scheduled on July 31, 2014, because India has insisted on resolving food safety problems. In November 2014, the United States and India have agreed on trade facilitation and then the WTO General Council passed the agreement and launched it into acceptance procedures.

The agreement can come into effect if two thirds of members accept it. This is the first multilateral trade treaty endorsed by the WTO.

China remains positive about negotiations. Beijing had participated in the making of eight proposals including: trade regulations, risk management, follow-up inspections, priority areas, technology aids, capacity building and more, putting forward plans to help the Doha Round equitable development go into effect.

China submitted the implementation plan on June 30, 2014. The Chinese government believes the trade deal will lower costs and drive global economic growth. As the first developing country to accept the agreement, China has played an exemplary role.

China has carried out policy reforms for free trade zones in Shanghai, east China, Tianjin, north China, Guangdong and Fujian, south China. In a bid to clear trade barriers and create convenient customs procedures, Beijing has boosted modernization of the port management system nationwide, which demonstrates China’s sincere efforts to promote world trade.

Indeed. Indians are the most butt hurt along with Americans. Most of these collapse stories are written by western "experts" in bullshitting

 

[TaiShang]

New movie celebrates a Chinese cultural icon

2015-09-10

The biopic The Calligraphy Master is about the legendary life of Qi Gong and his influence on generations of Chinese people. (Photo provided to China Daily)

The works of Qi Gong (1912-2005) have long been the target of forgery, but during his lifetime, the Chinese calligraphy master seemed to not mind the fakes much.

"They write better than me," he once joked about one such forger, and even forgave the act, thinking the person did it for a living.

This anecdote is part of The Calligraphy Master, a movie on Qi's middle age and later years, which will hit mainland cinemas on Thursday.

As one of China's most prestigious calligraphers and a renowned ink painter, art connoisseur and teacher, Qi has influenced many generations.

In a homage to his contribution to the arts and culture, the movie debuts on Sept 10, when China celebrates Teachers' Day. In 1991 Qi had initiated a scholarship to support poorer students at Beijing Normal University.

Qi had witnessed turbulent times from the days of the Republic of China (1912-49) up to the "cultural revolution" (1966-76). But he never gave up on his artistic pursuits, even in difficult situations. His talent turned him into a cultural icon in the 1980s.

"Qi was treated unfairly by the then-revolutionaries for most of his life. This cultivated his personality of tolerance and generosity," says chief director Ding Yinnan.

The biopic The Calligraphy Master is about the legendary life of Qi Gong and his influence on generations of Chinese people. (Photo provided to China Daily)

The 78-year-old is known for his biographical movies based on historical personalities, such as Deng Xiaoping (2003) and Zhou Enlai (1992), which topped that year's box office.

"After so many years of directing movies on political leaders, I wanted to make a switch. Chinese intellectuals of the 1930s are attractive subjects for their upright personalities," says Ding.

But in the world's second-largest movie market with 618 domestic titles last year, biopics remain a genre that draws limited interest from investors.

The Calligraphy Master, for instance, took three years to raise money, and the script was revised eight times. Instead of finding investment from bankers or online companies, Ding persuaded some famed calligraphers to donate their artworks and sold these by promoting them to collectors.

Zhang Shaogang, a popular TV host who plays the role of a middle-aged Qi in the movie, says it may help audiences escape busy modern life and relax a bit.

Ding Zhen, one of the directors of the film, says: "It's a restrained and comparatively slow-paced movie. We are not pushing to dramatize Qi's life, as he was mild-tempered and easily forgave those who harmed him."

Although a media preview on Sunday was met with applause, the crew still remains concerned about the market potential of such biopic productions.

Zhang says most trade analysts he contacted appeared pessimistic about The Calligraphy Master's box-office prospects. Such apprehensions come amid the China release of Hollywood blockbuster Mission: Impossible－Rogue Nation on Tuesday, and several upcoming homegrown big-budget movies.

"We hope the audience can get close to Qi's mind and soul, and look back at their own lives," says Ding Yinnan. "Qi represents the Chinese moral spirit to protect the country's traditional culture, which deserves respect and remembrance."

Some scholars also gave the movie positive reviews.

Yin Hong, executive vice-president of Tsinghua School of Journalism, believes the characters, three actors playing Qi at different ages, make the master calligrapher look lifelike on screen.

"The movie shows the Chinese philosophy of life," Yin says.

 

[meis]

But TPP will collapse China economy would be their come back

Vietnam mimics everything from China, from governance system to economy system BUT China do better than them. Once a dog, forever a dog. But then again, it's natural... Sinosphere. Fyi, Vietnam is overly obsessed with East-Asia (superior culture), and of course they wouldn't tell you that. You need to observe.

I would say it is mostly Muricans and Indians. Their media went berserk over the past month. Vietnamese and others simply repeat what they hear or read.


***

China continues to promote world trade

China, the world's second biggest economy with the world's largest population, has become the 16th member to accept the Trade Facilitation Agreement of the WTO (World Trade Organization) recently.

In order to promote world trade facilitation, China has pushed for negotiations to accelerate its implementation. Initiated in October 2004, negotiations have progressed very slowly with an agreement formally approved at the Bali ministerial conference in December 2013.

However, the agreement has not taken effect as scheduled on July 31, 2014, because India has insisted on resolving food safety problems. In November 2014, the United States and India have agreed on trade facilitation and then the WTO General Council passed the agreement and launched it into acceptance procedures.

The agreement can come into effect if two thirds of members accept it. This is the first multilateral trade treaty endorsed by the WTO.

China remains positive about negotiations. Beijing had participated in the making of eight proposals including: trade regulations, risk management, follow-up inspections, priority areas, technology aids, capacity building and more, putting forward plans to help the Doha Round equitable development go into effect.

China submitted the implementation plan on June 30, 2014. The Chinese government believes the trade deal will lower costs and drive global economic growth. As the first developing country to accept the agreement, China has played an exemplary role.

China has carried out policy reforms for free trade zones in Shanghai, east China, Tianjin, north China, Guangdong and Fujian, south China. In a bid to clear trade barriers and create convenient customs procedures, Beijing has boosted modernization of the port management system nationwide, which demonstrates China’s sincere efforts to promote world trade.

China is the largest economy in the world in Dec 2014. And you can read it on wikipedia.

 

[TaiShang]

Vietnam mimics everything from China, from governance system to economy system BUT China do better than them. Once a dog, forever a dog. But then again, it's natural... Sinosphere. Fyi, Vietnam is overly obsessed with East-Asia (superior culture), and of course they wouldn't tell you that. You need to observe.

The road to excellence is to accept one's weaknesses and acknowledge others' strengths. China has learned a lot from South Korea, Singapore and Japan in its push for development and still miles and miles to go. So many academic paper recognizes how Singaporean and Japanese economic models have been instrumental in China's economic growth. In university, we did workshop on public policy in South Korea and debated how we could learn from it.

***

Better livelihood more important than economic data: Li

2015-09-10

Premier Li Keqiang played down concerns over the world's second-largest economy's slowing growth on Thursday, saying that better livelihood is more important than economic data.

China reported growth rate at 7 percent over the first six months in 2015, a widely-regarded subdued performance compared to the previous double-digit growth.

What China has done, however, is "by no means easy" for a $10-trillion economy, Li said at the annual meeting of the New Champions of the World Economic Forum, also known as Summer Davos, in the northeast port city of Dalian, Liaoning province.

What makes China's achievement remarkable is, Li added, that its economic statistics still outclassed most of other economies still reeling from a global slowdown.

In display of how Chinese economy is restructuring well, service industry contributed 50 percent to the gross domestic product (GDP), said the premier. High-flying sectors also include IT, culture, and tourism and environmental protection-related businesses.

Li also said that the government aims to make people better off. Some 7.18 million jobs were created in the first six months, keeping city unemployment rate down at 5.1 percent.

"Lower growth rate is acceptable as long as jobs are created, people are getting better paid and there's less pollution," said the Premier.

 

[meis]

The road to excellence is to accept one's weaknesses and acknowledge others' strengths. China has learned a lot from South Korea, Singapore and Japan in its push for development and still miles and miles to go. So many academic paper recognizes how Singaporean and Japanese economic models have been instrumental in China's economic growth. In university, we did workshop on public policy in South Korea and debated how we could learn from it.

***

Better livelihood more important than economic data: Li

2015-09-10

Premier Li Keqiang played down concerns over the world's second-largest economy's slowing growth on Thursday, saying that better livelihood is more important than economic data.

China reported growth rate at 7 percent over the first six months in 2015, a widely-regarded subdued performance compared to the previous double-digit growth.

What China has done, however, is "by no means easy" for a $10-trillion economy, Li said at the annual meeting of the New Champions of the World Economic Forum, also known as Summer Davos, in the northeast port city of Dalian, Liaoning province.

What makes China's achievement remarkable is, Li added, that its economic statistics still outclassed most of other economies still reeling from a global slowdown.

In display of how Chinese economy is restructuring well, service industry contributed 50 percent to the gross domestic product (GDP), said the premier. High-flying sectors also include IT, culture, and tourism and environmental protection-related businesses.

Li also said that the government aims to make people better off. Some 7.18 million jobs were created in the first six months, keeping city unemployment rate down at 5.1 percent.

"Lower growth rate is acceptable as long as jobs are created, people are getting better paid and there's less pollution," said the Premier.

PRC learned it from Lee Kuan Yew, the father of SG.

Every Chinese must watch it. Watch every parts. You'll learned a lot. Lee teaches you Capitalism 101.

Etc. 1 - YouTube

 

[AndrewJin]

New movie celebrates a Chinese cultural icon

2015-09-10

The biopic The Calligraphy Master is about the legendary life of Qi Gong and his influence on generations of Chinese people. (Photo provided to China Daily)

The works of Qi Gong (1912-2005) have long been the target of forgery, but during his lifetime, the Chinese calligraphy master seemed to not mind the fakes much.

"They write better than me," he once joked about one such forger, and even forgave the act, thinking the person did it for a living.

This anecdote is part of The Calligraphy Master, a movie on Qi's middle age and later years, which will hit mainland cinemas on Thursday.

As one of China's most prestigious calligraphers and a renowned ink painter, art connoisseur and teacher, Qi has influenced many generations.

In a homage to his contribution to the arts and culture, the movie debuts on Sept 10, when China celebrates Teachers' Day. In 1991 Qi had initiated a scholarship to support poorer students at Beijing Normal University.

Qi had witnessed turbulent times from the days of the Republic of China (1912-49) up to the "cultural revolution" (1966-76). But he never gave up on his artistic pursuits, even in difficult situations. His talent turned him into a cultural icon in the 1980s.

"Qi was treated unfairly by the then-revolutionaries for most of his life. This cultivated his personality of tolerance and generosity," says chief director Ding Yinnan.

The biopic The Calligraphy Master is about the legendary life of Qi Gong and his influence on generations of Chinese people. (Photo provided to China Daily)

The 78-year-old is known for his biographical movies based on historical personalities, such as Deng Xiaoping (2003) and Zhou Enlai (1992), which topped that year's box office.

"After so many years of directing movies on political leaders, I wanted to make a switch. Chinese intellectuals of the 1930s are attractive subjects for their upright personalities," says Ding.

But in the world's second-largest movie market with 618 domestic titles last year, biopics remain a genre that draws limited interest from investors.

The Calligraphy Master, for instance, took three years to raise money, and the script was revised eight times. Instead of finding investment from bankers or online companies, Ding persuaded some famed calligraphers to donate their artworks and sold these by promoting them to collectors.

Zhang Shaogang, a popular TV host who plays the role of a middle-aged Qi in the movie, says it may help audiences escape busy modern life and relax a bit.

Ding Zhen, one of the directors of the film, says: "It's a restrained and comparatively slow-paced movie. We are not pushing to dramatize Qi's life, as he was mild-tempered and easily forgave those who harmed him."

Although a media preview on Sunday was met with applause, the crew still remains concerned about the market potential of such biopic productions.

Zhang says most trade analysts he contacted appeared pessimistic about The Calligraphy Master's box-office prospects. Such apprehensions come amid the China release of Hollywood blockbuster Mission: Impossible－Rogue Nation on Tuesday, and several upcoming homegrown big-budget movies.

"We hope the audience can get close to Qi's mind and soul, and look back at their own lives," says Ding Yinnan. "Qi represents the Chinese moral spirit to protect the country's traditional culture, which deserves respect and remembrance."

Some scholars also gave the movie positive reviews.

Yin Hong, executive vice-president of Tsinghua School of Journalism, believes the characters, three actors playing Qi at different ages, make the master calligrapher look lifelike on screen.

"The movie shows the Chinese philosophy of life," Yin says.

Sadly, this movie is only available in one cinema out of 60 of my city, 20km away from my place.
I guess I have to watch it in Youku.com when the movie is available.

 

[AndrewJin]

Dell is planning a big expansion in China
SEPTEMBER 10, 2015, 10:08 AM EDT

Tech company is pouring billions into fast-growing market.

PC maker Dell is setting its sights on China in a big way.

The computer company announced Thursday that it is planning to invest $125 billion in China over the next five years.

“The Internet is the new engine for China’s future economic growth and has unlimited potential,” CEO Michael Dell said in a statement.

China is the second-largest market for Dell, which has operated in the country for about 20 years. The company had about $5 billion in annual sales in China before going private in 2013.

With its massive population and burgeoning middle class, China has become a fiercely competitive market for many tech firms. Dell, for its part, announced partnerships with China Electronics and the municipal government of Guiyang earlier this year to bolster its prospects in the country.

***

What ? Was not China collapsing last week?

I guess some members think Dell/Foxconn TO invest in some sub-continent means they will leave China.
No, they won't. They will also help China move up under the initiatives of Made-in-China 2025.

 

[terranMarine]

I guess some members think Dell/Foxconn TO invest in some sub-continent means they will leave China.
No, they won't. They will also help China move up under the initiatives of Made-in-China 2025.

Even Google is trying to crawl back to China

 

[AndrewJin]

Even Google is trying to crawl back to China

Good luck!

 

[JSCh]

China to roll out trillion-yuan fiscal stimulus
Xinhua, September 11, 2015

China is considering more than 1 trillion yuan in fiscal stimulus over the next three years, according to a latest report from the China International Capital Corporation (CICC).

A total of 1.2 trillion yuan (188 billion U.S. dollars) to 1.5 trillion yuan may be taken from the government coffers to replenish the capital for investment projects, mainly those already approved by the authorities, the investment bank estimated.

The stimulus is likely to drive a total potential investment of 5 trillion yuan to 7 trillion yuan in the next three years, or 2.5 percent to 3.4 percent of the 2015 GDP each year, it said.

Investment projects will be funded by not only policy banks but also commercial lenders and private investors via the public-private partnership.

The report came after the Ministry of Finance put forward multiple fiscal policies aimed at stabilizing growth on Tuesday, such as coordinating funds to accelerate project construction, activating idle money and widening tax breaks.

The move indicated that China's fiscal policy will be "firing on all cylinders to support growth", the CICC said.

China is battling a property downturn, industrial overcapacity, sluggish demand and struggling exports, which dropped growth to 7 percent for the first half of the year.

Fiscal policy has moved to center stage in growth stabilization, as the room for monetary loosening became more constrained after several interest rate cuts and fiscal deposits continued to increase, according to the CICC.

 

[steelseries779]

* Vietnam lowers mid-point rate to 21,890 dong/dollar

* Trading band widened to 3 pct from 2 pct

* Intervention timely and warranted - economists

* Adjustments sufficient till early 2016 -c.bank (Adds details, more comments)

By Ho Binh Minh and My Pham

HANOI, Aug 19 (Reuters) - Vietnam devalued the dong on Wednesday for the third time this year as authorities moved to bolster a languid export sector facing fresh challenges from a surprise devaluation of the Chinese yuan.

The State Bank of Vietnam (SBV) said the intervention was also in anticipation of the U.S. Federal Reserve raising rates. It widened the dollar/dong trading band for the second time in a week, underscoring concerns a weaker yuan could further inflame bloated trade deficit.

Vietnam's economy is closely tied to its communist neighbour, with three quarters of bilateral trade worth $60 billion being imports from China.

Global markets were alarmed when China devalued the yuan by nearly 2 percent on Aug. 11, with analysts fearing a further weakening over coming months and heightened worries of a global currency war.

Vietnam lowered the official mid-point rate by 0.99 percent to 21,890 dong per dollar and widened the trading band for the second time in six days, to 3 percent from 2 percent. The SBV allowed 1-percent currency depreciations in January and May.

ANZ analysts said the devaluation was more aggressive than expected, while HSBC Vietnam welcomed the quick response.

"The move of the central bank is fast and almost unprecedented in Vietnam," HSBC Vietnam chairman Pham Hong Hai said in a statement. "The bank is ready to handle market challenges."

The dong, among Asia's most resilient currencies, dropped to 22,380/22,400 per dollar on the interbank market at 0344 GMT on Wednesday, off 1.3 percent from the previous day and down 4.5 percent so far this year. Gold rose 1.3 percent to sell at 34.62 million dong ($1,547) per tael in Hanoi.



TRADE CHALLENGE

The weaker yuan has sparked concern of more Chinese goods flooding Vietnam's market. Trade with China was in deficit of $19.33 billion in the first seven months of 2015, versus a $14.88 billion deficit a year ago.

Export-reliant Vietnam saw shipments grow 8.9 percent in that period, below the government's 10 percent target.

The SBV said the dong's exchange rate had "sufficiently large ground" to be flexible into next year.

Cheaper Chinese exports could pose a challenge as Vietnam's low-cost manufacturing sector competes with China for orders for clothing brands and electronics firms like Samsung and Microsoft, which has reduced operations in China and shifted some to Vietnam.

With Wednesday's new band, the dong could fall to 22,547 per dollar in interbank deals, or 2 percent down from the previous day. The dong has now weakened 4.5 percent in interbank and 3 percent on unofficial markets, against the SBV's pledge to let it slip 2 percent in 2015. (Editing by Martin Petty & Shri Navaratnam)

 

[大汉奸柳传志]

VND is a sub currency to CNY. Vietnam is lowering the rate to fullfill their provincial duty.