Innovation,key for＂Made in China＂ to out of crisis

China＇s foreign trade and export enterprises have encountered unprecedented pressure during the global financial crisis - but analysts say they believe innovation is the way out for the ＂Made in China＂ brand.
The Quanzhou Baofeng Shoes Company, one of China＇s leading producer of slippers, is precisely the type of exporter that should be on its knees. Headquartered in Quanzhou, a coastal city in southeastern Fujian Province, Baofeng used to export 90 percent of its annual output to the United States.     

China Textile ＂Going Out＂- Egypt,Opportunity for China Textile

The global financial crisis has made a huge impact on China export-based enterprises, among which the first affected industry was textile industry. According to the latest reports from China Ministry of Industry and Information Technology （MIIT） issued in November 2008, revealed that profits for the textile industry in China that had increased 36.9% in 2007, and decreased by 0.7% for the same period in 2008. This amounted in a total loss of RMB 22.13 billion, an increase of 97.7%, with the scope of loss reaching up to 20.4%.     

Hot Money, National Risk？

After the phasal cease of the financial crisis, from the latter half of 2009 and on, the international hot money has been trying to make a comeback and has .once again viewed China as its object. Many have chosen Hong Kong as the path into China. In the third quarter of 2009, the hot money which uses Hong Kong as its gateway to flow into mainland China has forced the Hong Kong Monetary Authority to inject capital into the market.     

The 4th Annual＂Alegend of the Future China＇s Leading Enterprises of Tomorrow Award＂was Launched

Standard Chartered Bank （China） Limited （＂Standard Chartered China＂） announced the launch of the 4th ＂A Legend of the Future-China＇s Leading Enterprises of Tomorrow Award＂ （＂SME Awards＂） on June 10, 2009, in Beijinng. Against the backdrop of the-glo-bal-fina-n-cial ＇ts-unami, the 4th SME Award aims to help Small and Medium Enterprises （SMEs） ride out the financial storm and thrive despite the adverse economic environment.     

Hot Money, National Risk?

After the phasal cease of the financial crisis, from the latter half of 2009 and on, the international hot money has been trying to make a comeback and has once again viewed China as its ohieet.Many have chosen Hong Kong as the path into China.In the third quarter of 2009, the hot money which uses Hong Kong as its gateway to flow into mainland China has forced the Hong Kong Monetary Authority to inject capital into the market.     

Provisions on Administration of Provision of Financial Information Services in China by Foreign Institutions

Chapter 1 General Provisions For the purpose of provid- ing convenience for foreign institutions to provide financial information services in China according to law, satisfying the demands of domestic users for financial information, and promoting the sound and orderly development of the financial information service industry, these Provisions are formulated according to the Decision of the State Council on Amending the Decision of the State Council on Establishing Administrative Licensing for the Administrative Examination and Approval Items Really Necessary to be Retained （No.548 Degree of the State Council）.     

Voices from the ＂Summer Davos＂ in Asia

China pledges to sustained growth
Wen Jiabao, Premier of the People＇s Republic of China, opened the World Economic Forum＇s Annual Meeting of the New Champions, laying out an ambitious agenda to reinvigorate China＇s economy while meeting social goals. He explained the nation＇s stimulus plan and called for increased cooperation to meet collective challenges as the world recovers from the recent financial turmoil. ＂Over the past year, the world economy has experienced the most severe challenge since the Great Depression,＂ said Wen. ＂Thanks to the concerted efforts and active measures of the entire world community, the world economy has started to recover.＂     

＂Consumption Degrading＂ Era,Really Coming？

Global financial crisis sourced in subloan crisis in USA leads to the downturn in world economy, and also has a deep impact on people＇s hie and consumption, no matter where they are. There is no doubt that the crisis is changing people＇s idea and attitude of consuming. This article will have an insight in the change of consuming behaviors and how the companies should respond to the changes.     

China hars use of virtual mulley for trading in real goods

China has unveiled the first official rule on the use of virtual currency in the trade of real goods and services to limit its possible impact on the real financial system.     

China central bank suggests rural financial service improvement

China should further upgrade its rural financial service system to bolster economic development in such areas and improve the lives of farmers, said a People′s Bank of China report released late on September 19. The central bank′s"China rural financial service report"suggested the government provide more low-cost financial services in rural areas;improve the credit-risk management mechanism and encourage innovation in financial products.     

Development of Foreign Financial Institutions in China

Opening to foreign financial institutions is an important part of China's policies of reform and opening to the outside world. The introduction of foreign financial institutions to China and opening of the Chinese financial market to foreign financial institutions has promoted the reform of China's financial system. The presence of foreign institutions has helped China import funds, advanced technology and managerial expertise and financial systems.     

G20：More Action to Shore up Global Economy

At the summit on April 2 in London, leaders of the G20 reached consensus on how to save the i..world out of the financial crisis,including a pledge of US$1.1 trillion, of which China contributed US$40 billion, to revive the world economy, a joint call to fight protectionism, and concrete actions to tighten banking regulation.     

Canada,China,Closer in Hard Times

Facing the current global financial storm,more pos- sible economic and trade cooperation and promotion worldwide is being sought by nations to walk out the hard time. The 2nd Canada China Business Forum held in Beijing,on November 3, is an example to a closer tie of both countries.It     

Regulations on auto financial company have been issued It is another green light for the recombination of auto industy

On October 3, China Banking Supervision Commission issued the “ Regulations on auto financial company,” and they began to be implemented on thesame day. This issued “ Regulations ” had begun to be drafted since the second half of 2001, and were completed on the basis of the revised edition which was announced to the public on October 8, 2002.     

RMB Exchange Rate Reform：Past and future

With the deepening of China＇s financial reform, economic development and the enforcement of market roles, the RMB exchange rate needs to become more flexible and become a more sensitive reflection of the changes in market supply and demand. Under such circumstances, on July 21, the People＇s Bank of China announced that the previous system where China＇s RMB was pegged to the U.S. Dollar would be changed to include a basket of foreign currencies, shifting China＇s exchange rate system into a managed floating exchange rate regime based on market supply and demand.     

The 4th Annual"A Legend of the Future China's Leading Enterprises of Tomorrow Award"was Launched

Standard Chartered Bank(China)Limited("Standard Chartered China")announced the launch of the 4th"A Legend of the Future-China's Leading Enterprises of Tomorrow Award"("SME Awards")on June 10,2009,in Beijing.Against the backdrop of the global financial tsunami,the 4th SME Award aims to help Small and Medium Enterprises(SMEs)ride out the financial storm and thrive despite the adverse economic environment.     

＂Central China Delta＂ to be Built

China's central provincesJiangxi,Hunan and Hubei are making joint efforts to build a new urban hub in Central China along the middle reaches of the Yangtze River. The strategic cooperation framework agreement to build the cities of the middle reaches of the Yangtze Rivet was released at the conference held by the three provinces on Feb.10 in Wuhan,signifying the official start of establishing the new urban hub in Central China,China News Agency reported.     

Financial institutions requested to back industrial rebalance

Monetary policy should be made to meet multiple objectives rather than focus only on fighting inflation, Zhou Xiaochuan. governor of the People＇s Bank of China, the central bank, said on December 22. China＇s monetary policy covered four considerations, Zhou said at a forum on development and reform in China＇s financial sector in Beijing. referring to low inflation, economic growth, employment and balance of international payments.     

FINANCE

Greater supervision for nonbanking financial institutions: CBRC The China Banking Regulatory Commission(CBRC) announced on March 10 that it will redouble its efforts to monitor possible risks brought on by non-banking financial institutions. Cai Esheng,vice chairman of the CBRC,stated on March 10 that it will focus on supervising the cooperation     

Hot Money,National Risk?

After the phasal cease of the financial crisis, from the latter half of 2009 and on, the international hotmoney has been trying to make a comeback and has once again viewed China as its object.