Q&A on Agriculture 2010 H1

Chen Mengshan,spokesman and economist for the Ministry of Agriculture,held a press conference on July 16th,introducing the production of summer grain and the agricultural situation of the first half year of 2010. Q: Parts of south China have recently suffered devastating flooding.In this case,how is the production situation of the autumn grain? Is it able to maintain the stability of the year-round grain production?     

Q＆A on Agriculture 2010 HI

Chen Mengshan, spokesman and economist for the Ministry of Agriculture, held a press conference on July 16th, introducing the production of summer grain and the agricultural situation of the first half year of 2010.     

“Theory on China's Grain Crisis” Lacks Scientific Basis

China is marching on towards the21st century with full confidence,and is forging ahead towards thegoal of socialist modernization. Near theturn of the century, a piece of sensationalnews was transmitted from abroad: "Whowill support China by the year 2030?" Thisproblem was put forward by Mr. Brown,director of the American Research Instituteof World Observation, He said that China'sPopulation is increasing, its cultivated landis decreasing, sown areas are being reducedand will continue to be reduced. The per unitarea yield is approaching its ultimate, so thattotal output will continue to fall. By the year2030, grain output produced by China itselfwill be reduced to 263 million tons, and willnot meet the grain needs of 479 million tonsor 568 million tons or 641 million tons for apopulation of 1.6 billion (consumption percapita is counted in terms of 300 kg, 350 kg     

Canton Fair Attracted More Attendance Record

Latest figures from the Chinese Central Bank showed that prices of capital goods and consumer goods surged 8.8% and 7.4% over last year.     

Basic Outline of China Auto Industry

It has been made known by the Ministry of Machine-Building Industry that the stipulated policy on the auto industry is to make it a pillar industry of China by the year 2010, with this goal realized in three steps. The foundation-laying stage will last two years from 1994 to 1996 and focus on adjusting product structure and completing the production of cars and light-duty buses. Some technical renovation projects will begin before 1996, thus ensuring that China-made components for imported cars reach 60 percent to 80 percent. In addition, co-     

Seeking Chance in the Crisis--China Mould Industry

Mould Industry is seen as the ＂mother＂ of other industries. In recent years, this industry .in China has had a fast development. From 1996 to 2002, the production value of die and mould industry increased at a rate averaged 14% per year or so. In 2003, the production value increased by 25% from a year ago, to RMB 45.0 billion, amounting to US$5.0 billion and ranking the third in the world. According to the data from CDMIA,     

More than Rising Grain Prices

According to the bulletin of the National Bureau of Statistics, the summer harvest nationwide this year was 246.2billion jin, a decline of 0.3% compared to last year. The cold spell in late spring and high temperatures afterwards are considered as the main causes for this round of rising grain prices. However, ＂natural disasters＂ are dwarfed by another worrisome picture： young and strong farming hands flooding out of the rural areas and the elderly, the weak, females and children are made the mainstay of the tilling army.     

China Independent Brand Commercial Vehicles Will Assemble and Produce in Russia

As a leading enterprise of commercial vehicles in China, Foton Motors will achieve its assembly and production of the independent brand in Russia by the end of 2010 and establish a production base that can produce 100 thousand vehicles per year in Russia in 2012.     

China＇s Soaring Exports Agitates Currency Debate

On March 10, statistics from China＇s General Administration of Customs showed that its exports climbed 45.7% in February from a year earlier, and 21% increase from January, beating estimates and providing fresh evidence of a robust recovery in an economy poised to overtake Japan as the second-largest in the world. Economists said the data signaled a rebound in consumer demand from the United States and other Western markets after the financial crisis last year.     

FDI Fell Down in Q1 of 2009

According to the statistics of news release of foreign investment, from January to March 2009, foreign-invested enterprises newly approved for establishment reached total dumber of 4554, a decreased 34.47% as compared with that of the same period last year; and the actual use of lbreign investment reached US$21.777 billion, a decreased 20.56% as compared with that of the same period last year. （See Chart 1）     

FAW-Volkswagen keeps high growth in production and sales at first half of the year

In the first half of year 2003,FAW-Volkswagen has a good situation in business,and keeps a high growth in production and sales.From January to June,FAW-Volkswagen has finished more than half of the whole year‘s task in production and sales;in has totally sold 130,300 cars,which is increased by 44.5% compared with the same period of last year,it has totally produced 147,500 cars,which is increased by 74.5% compared with the same period of last year.     

Further Optimization of the Import and Export Structure

According to customs statistics,Chinese trade imports and exports totaled US$ 1,759.32 billion from January to October this year, representing an increase of 23.5 percent over the same period last year,and nearly equal to the total amount of imports and exports from all of last year. Exports were US$ 985.84 billion dollars, increasing by 26.5 percent, while imports accounted for US$ 773.48 billion dollars,increasing by 19.8 percent. Trade surplus has grown over the last ten months to US$ 212.36 billion, increasing by 59 percent, which is 10.2 percent slower than the growth rate of the trade surplus in the 9 months previous to that.     

Venture Capital in China

According to the report from the Zero2IPO ,a wellkonwn venture capital research and consultancy instititure in Chian,China‘s investment from venture capital fell greatly in the second season in 2003.For only 21 venture capital institutes invested in 28 enterprises,totalling US$93 million ,about 61% falling as compared whit US$240 million in the first season this year.For the first half of this year,venture capital from Chinese and overseas instititutes invested 66 domestic and domestic-related enterprises with the amount at US$332 million,witnessing 30% up as compared with the same period of last year,accounting for 79% of the total amount for last year.Such momentum is still encouraging for recovery of venture capital.     

China,More than Self-Sufficient

At the moment,the whole world faces the most severe inflation in food prices in history,as grain and soybean prices climb to all-time highs.Although some observers blame the weather for the decrease in crop yields and that the growing demand for cereals used for bio-fuel production has conspired toward continuous price rises on world grain ma ket;others regard it simply as a matter of demand outpacing supply.In seven of the last eight years,world grain production has fallen behind rates of consumption.     

China's Auto Production,Sales Grow A Bit Slower in 2007

Auto production and sales re- mained stable in China last year,yet with growth a bit slower on lukewarm demand for vehicles of low engine displacement, sources from the Ministry of Commerce. In 2007,China produced 8.88 million motor vehicles and sold 8.79 million,a growth of 22.02 percent and 21.84 percent, respectively,over the previous year.But     

Investment Boom in China

China's economy grew 9.5 per cent in the second quarter from the same period a year earlier.This is the slowest pace in nearly two years which shows that the economy is shifting from fast growth driven by policy to healthy development and Chinese growth is holding up well. said Sheng Laiyun, spokesman for the National Bureau of Statistics. According to the International     

China''''s Auto Production,Sales Grow A Bit Slower in 2007

Auto production and sales remained stable in China last year,yet with growth a bit slower on lukewarm demand for vehicles of low engine displacement,sources from the Ministry of Commerce.     

Further Optimization of the Import and Export Structure

According to customs statistics, Chinese trade imports and exports totaled US$ 1,759.32 billion from January to October this year,representing an increase of 23.5 percent over the same period last year, and nearly equal to the total amount of imports and exports from all of last year.Exports were US$ 985.84 billion     

China Sees Changes in Economic Environment

Latest figures from the Chinese Central Bank showedthat prices of capital goods and consumer goods surged 8,8% and 7.4% over last year.     

＂Made in China＂ at the Crossroads in 2009

In the short run, China＇s export is a usable weather vane for the health of the global economy and the strength of consumer demand. A slump in export to some extent means economic depression elsewhere. Besides, the development direction choices of manufacturer will be pivotal to China＇s upgrade from export-oriented economy to a more well-rounded economy. The immediate threat to this upgrade is from the global slowdown that Chinese exports declined in November last year heralds tough times in 2009.