Forecast of China's Economic Growth to Reach 7.5% in 2009——China's Economic Growth Under Pressure but Will Serve as Motor for Global Recovery

On March 26,2009 Economic and Social Survey of Asia and Pacific 2009 titled with "Addressing Triple Threats to Development" was released in Beijing.It analyzes the three global crises which have converged to threaten development in the Asia-Pacific region:the financial crisis,fuel and food prices,and climate change.Dr.     

A New Era for Global Business

Asia Society is the leading global organization working to .strengthen relationship and promote understanding among the people, leaders, and institutions of Asia and the U.S. Every year the Society presents a high-profile Corporate Conference in a selected city in Asia to examine the implications of macroeconomic trends and geopolitical developments for the region and the world. It provides a leading forum for executives to meet the policymakers and business leaders who shape the Asia Pacific business environment.     

Avery Dennison Dedicates New Research Center in China

“The economic growth in China and the Asia Pacific region during the last 30 years, and particularly in the last decade, has been phenomenal.”     

China＇s Tough Road to Economic Recovery

A series of economic data recently showed that in the context of the global economic recession, China＇s economy may take the lead in recovery.     

How Do China＇s Economic Policies Work？

All the indicators of China＇s economic data in the first half of 2008 have shown that the fast growth is not going to translate into overheating. But given the complicated economic .situation now, it remains a headache to maintain a steady economic growth. What challenges will there be in China＇s economic development in the second half of this year＇？ And what policy would be the key to the problems＇？     

China＇s 2008 fiscal revenue expected to exceed RMB 6 trillion

Despite its growth rate slowing by a third; the Cliinese economy has the potential to groW by 8 percent in 2009, as the manufacturing sector recovers and energy consumption showed signs of increasing late 2008, according to economists with investment bank Credit Suisse.     

Higher Level of Dependency of China＇s Economic Development on Logistics

In line with the data from Ministry of Commerce, the total value of China's logistics amounted to RMB38.4 trillion in 2004, growing by 29.9% over2003 with the increase 2.9% over 2003. According to introduction, demand for logistics has got rapid growth in 2004 in China. Logistics demand coefficient, the ratio of the total GDP in China and the total value of logistics is 2.8 with a trend of continuous increase, obviously     

Latin America: Taking the Helm

The eyes of the world are locked on Europe these days.This is understandable.After all,the storm in the euro area casts a long shadow over the entire global economy. But the IMF has 187 members,and my job is to serve each and every one of them as effectively as possible.Like so many in the region,Latin America countries have done remarkably well over the past few years.They have harvested the fruits of strong fundamentals,sound policy frameworks,and prudent macroeconomic policies and are now enjoying sustained growth with reduced vul-nerabilities,an enviable sweet spot.     

China＇s Overseas M＆A in Global Economic Crisis

Overseas Merger and Acquisition（M ＆ A）is not only the major means for the entcrprises to expand repidly and operate globally,but also the significant strategic tools for acquiring advanced technology from other companies and seizing the market and other resources.The sustaining growth of our economy provides an optimal environment,while the breakout of the global financial crisis creates opportunities for Chinese enterpries＇ cross-border M＆G.Recently,whether it is the Chinalco confronting setbacks in investing Rio Tinto,Sichuan Tengzhong Heavy Industrial Machinery acquiring Hummer brand or two private companies intending to purchase Cardanro,all aroused wide concern.     

FM：Hu＇s Australia Tour Boosts Regional Cooperation

Chinese President Hu Jintao＇s just-concluded tour to Australia,a major diplomatic move by China in the Asia-Pacific region,is of treat significance in facilitating the development of bilateral tics and deepening regional cooperation.Foreign Minister Yang Jiechi said Monday.[第一段]     

China Becomes First Selective Destination of FDI for the First Time

The World Investment Report (WIR) 2003, released by the United Nations Conference on Trade and Development (UNCTAD) on September 8, revealed that the inflow of Foreign Direct Investment (FDI) worldwide in 2002 declined for two consecutive years, decreasing by 20 percent year-on-year, to US$65.10 billion, the lowest point in eight years since 1998. The report predicted at the same time that FDI flow would remain stable in 2003.And global FDI would rebound and keep growth momentum from 2004.     

China＇s Hydroelectric Power n Trouble

As a fast-rising country, the state of energy consumption in China is significantly different from that in the developed .world, which has been using electricity of a relatively stable quantity for years. In China, however, the ever-hungry electricity demand requires at least 7% annual increase to meet the need of ballooning GDR According to the Annual Report on China＇s Energy Development （2009）, up till the end of 2008 the total installed capacity of electricity has reached 790 million kW, including nearly 100 million kW newly developed in 2008 and a similar increment in 2007. Take Japan as an example, one of the TOP 10 electricity consumers in the world, with around 200 million of installed capacity. It seems that in mere two years China has built so many power plants that are enough to serve the entire Japan.     

Lufthansa Alliances in China and Asia-PacificAlliance strategies in China and Asia

One of the pillars of Lufthansa's corporate strategy is to build on its leadership position in the rapidly growing aviation market between Europe and Asia-Pacific in cooperation with its strong partners.Lufthansa is proud to be a founding member of Star Alliance, the leading global airline alliance, which is also by far the leading airline alliance in Asia.By joining forces with local Star Alliance members Air New Zealand, All Nippon Airways, Asiana Airlines, Singapore Airlines and Thai Airways,     

China＇s Stock Market Wave：-China＇s Stock Market：New Year,New Trends

The annual meeting of the World Economy Forum was held in Davos,a little town in Swizerland,on January 23rd to the 27th this year,with the theme＂the Power of Collaborative Innvation＂,2500 celebrates from the political and economic ircles of more than 80 countries and regions gathcred together to tald about the future of the global economy in 2008.     

China, Japan and South Korea：Trade Integration under Economic Globalization

Economic globalization and regional economic integration are the two majot trends of world economic development. In the practice of regional economic integration, the EU and NAFTA as two successful models, has had a significant impact on world economic pattern. Until July 2007, the global effective free trade agreement （FTA） reached 143. In recent years, FTA among developed and developing countries and regions are on the rise. Within regions, such as ASEAN and Japan, China, South Korea, India, Australia, New Zealand, there have been 14 FTA （including early harvest plan） in operation. To achieve regional economic cooperation in East Asia, the key is to build economic integration among China, Japan and South Korea. Therefore, economic integration among the three is their inevitable choice in the backdrop of economic globalization. While trade integration is the foundation and prerequisite of economic integration, and the former can promote the formation and development of the latter.     

The Dancing China

China has cemented its position as one of the central pillars of global trade by exporting staggering quantities of manufacturer goods,and is arguably now second to none as the economic hub of Asia. According to the China Federation of Logistics and Purchasing(CFLP), China's logistics industry revenue grew 20% in 2002,27% in 2003,30% in 2004 and 33% in 2005.Rampant growth in logistics revenue points to an indus- try in good health. When we check what does"logistics"mean in Wikipedia,this free ency- clopedia online bumps out this definition:"Logistics is the art and science of managing and controlling the flow of goods,energy,information and other re- sources like products,services,and people,from the source of production to the marketplace,"Yes,logistics is an art,through which rhythm comes from,while logistics is a science,by which efficiency lies in. As the Beijing Olympics is approaching,transportation and logistics as a closely related industry has raised more and more attention.China has also at- tached an ever-greatest importance to this industry.Let's see how this large country is dancing into the year of 2008 to the rhythm of the whole world. By Editor     

China Performs an Important Role in the World Economy

By means of mutual trade and investment, China performs, a more. and more important role in the world economy.As the weekly magazine Economist said: Although the United States stock market bubble broke in 2000 to 2001,the world economy survived from depression due to the strong development of Chinese economy. Both China and the United States are depicted by UN Conference on Trade and Development as two growth engines of the world economy. China is quite different from 20 years before.     

Big Brother Has Bigger Say

156 delegates from all walks of life in Guangdong province composed the Guangdong delegation for the NPC this year. The import and export value of Guangdong makes up one-third of national total value, and accoums for one-eighth of national economic growth. Guangdong province has maintained its top spot in import and export value among China＇s many provinces and cities for several years, commonly referred to as ＂Big Brother＂. At the same time, it is the region where the global financial crisis has hit China hardest.     

What next for China＇s macroeconomic policies？

In Europe debt crisis has not yet hit bottom; in the United States economic recovery remains weak. Domestically, there is insufficient internal impetus driving economic growth in Uhina; and export sees a risk of decreasing The country has pulled half-way through 2010, its most complicated year in economy. However, as global economic crisis becomes more severe than expected and worldwide recovery increasingly zigzags, there are still big uncertainties both home and abroad for China＇s economic development. As key economic data for the fist half of 2010 is coming out, reporters from Xinhua News Agency interviewed several famous economists who analyzed and made predictions about China＇s macroeconomic policies for the following six months.     

China＇s Rail Speed-up to Continue

When it comes to big, luxury railway projects, China has attracted plenty of international attention for next-generationsystems such as the Shanghai ： Maglev train that openedin 2004 and that reaches speeds of 430 km/h. Last year,s opening of the high,altitude Qinghai- Tibet Railway, the start in January of China Railway high-speed service between Shanghai, Nanjing, and Hangzhou, and the sixth speed-up in April of railway nationwide have also drawn eyeballs from global rail counterparts.[第一段]