World Bank： The Value of China＇s Economy Has Surpassed That of the U.K.

According to the survey by World Bank, China has become the fourth largest economy in the world. According to the two countries＇ economic aggregate data released by China and the U. K., the value of china＇s economy has surpassed that of the U. K.     

Centrat bank repeats goat to continue moderatety monetary poticy

The People＇s Bank of China （PBOC）, also known as the central bank, said on August 5 it would maintain its moderately loose monetary policy and enhance financial supports to boost the economy＇s sustainable development.     

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.＂     

REFORM in Progress

The World Bank （1997） once claimed that China＇s financial sector was the soft-belly in the economy. Financial sector reform has long been argued as neces- sary to raise efficiency in the use of the capital and in rebalancing the economy toward consumption-based growth, with- out which the country＇s growth sustain- ability is in jeopardy （see Lardy （1998）; Prasad （2007））. Indeed, not too long ago, China＇s state banks were deemed “techni-cally insolvent” and their survival hinged solely on the nation＇s abundant liquidity. However, after the launching of banking reform, strong profitability has returned to state commercial banks recently. The aim of this paper is not to evaluate the effect of banking reform on bank performance, which is better tackled after the completion of a full credit cycle. Rather, our aim is to take stock on the progress in reforming China＇s state banks by reviewing the banking reform strategy and analyzing their recent strong post-reform financial performance which, however, cannot be entirely separated from reform efforts undertaken thus far.     

Summer Davos： We Have Confidence in China＇s Economy

＂In the last Winter Davos, when it was the most pessimistic period for the economy in North America and West Europe, Chinese Premier Wen Jiabao declared China＇s economic growth this year was targeted at 8 percent. That firm tone encouraged the whole world. And 8 months have been past, and we just see that China is exactly on the track to achieve this goal. We have confidence in China＇s economy. No doubtedly.＂ Jeremy Jurgens, Senior Director at the World Economic Forum and Head of the Annual Meeting of the New Champions and Community of Global Growth Companies expressed so in a World Economic Forum press conference in Beijing, September 3.     

China,Japan, S Korea central banks to start annual meeting for regional＂financial stabiUty＂

The central banks of China, Japan and Republic of Korea have agreed to meet annually to discuss financial issues to promote financial stability in the region, the People＇s Bank of China （PBOC） said on its website on December 10.     

Exports： 45.7% ↑ in Feb.

China＇s new yuan-denominated lending in February stood at RMB 700.1 billion （US$102.65 billion）, half that ofJanuary＇s RMB 1.39 trillion, the People＇s Bank of China （PBOC, the central bank） said on March 11.     

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.     

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.     

ICBC： profit 35.2% ↑in2008

The Industrial and Commercial Bank of China （ICBC）, the world＇s largest bank by market value, had become the most profitable bank in the world by posting a 35.2 percent rise in after-tax profits last year, the ICBC said on March 25.     

我国与马来西亚经贸关系的现状、问题与对策

我国和马来西亚是友好近邻,近年来双方在经贸领域进行了卓有成效的合作。两国之间的进出口呈现两位数的增长,工程承包和劳务合作也得到了蓬勃发展。马来西亚已成为我国在东盟最大的贸易伙伴。在进一步加强与马来西亚经济合作的过程中,应大力实施走出去战略,选择合适的产品开拓马来西亚市场,以合资和代理的方式进入,积极开展国际工程承包和劳务合作,充分发挥马来西亚华人组织在经济合作中的作用。     

中国和马来西亚橡胶界技术贸易合作之前景

文章介绍了马来西亚的投资环境和经济简况,分析了中国橡胶界的对外贸易现状及与外商合资合作的产业政策,得出了中国和马来西亚橡胶界技术贸易合作前景广阔的结论。     

Can Singapore maintain its competitive edge in manufacturing productivity vis-à-vis China and Malaysia?

This article investigates whether Singapore can maintain its competitive advantage in manufacturing from a labour productivity perspective vis-avis China and Malaysia, which are generally viewed as Singapore's competitors in manufacturing. We also investigate the extent to which China is closing the labour productivity gap with Singapore and Malaysia in technology-intensive segments of manufacturing. Our analysis reveals that China has the potential to develop a high labour-productivity and low-wage manufacturing sector. In terms of manufacturing labour productivity, China is moving towards convergence with Malaysia. Compared with Singapore, China's manufacturing labour productivity is still far behind, especially in key technology-intensive industries like electronics and chemicals, such that it is unlikely for China to catch up with Singapore within a decade.     

Koo Yuen Kim, D.P.T.J, J.P

古润金,1959年出生于马来西亚吉隆坡,祖籍中国中山市,系马来西亚杰出华裔企业家,也是马、中两国颇具知名度的慈善家,现任马来西亚中山会馆联合会会长、广肇联合总会副会长、华人剧艺研究会副会长、华人艺人公会荣誉会长、中国香港中山社团联合会荣誉会长、中国中山侨资企业协会会长、中山市总商会副会长等多个华人社团领袖职务。     

中国木材加工业国际竞争力的比较分析

基于1992-2012年的数据,以国际市场占有率和相对贸易指数为指标,对世界木材加工行业出口额排名前十的国家进行国际竞争力的比较分析,得出结论:中国木材加工业的竞争力呈小幅度波动增强态势(金融危机未产生不利影响),发达国家除德国、马来西亚、波兰、加拿大外均处于竞争劣势而且趋势在加强,虽然菲律宾木材加工业的国际市场占有率不敌中国,但追赶趋势非常明显,其崛起需引起木材加工行业的重视。     

中、马、泰三国电子产品在美国市场的出口竞争力

20世纪90年代以来,东亚地区的电子产业迅速发展,电子产品已成为中国、马来西亚和泰国的主要出口产品。随着中国工业化进程的不断推进,特别是中国的入世,东盟国家,尤其是马来西亚和泰国担心面临中国电子产品的竞争。为此,本文采用变动市场份额分析法、出口产品结构相似度指标和显性比较优势指标对中、马、泰三国电子产品的出口竞争力进行比较分析,并在研究成果的基础上提出相关的建议。     

Volatility spillover and hedging effectiveness among China and emerging Asian Islamic equity indexes

We study the volatility spillover between China and Asian Islamic stock markets. We use a sample of six Islamic MSCI indices from the Asian region, namely China, India, Malaysia, Indonesia, Korea and Thailand obtained from MSCI (Morgan Stanley Capital International). In this paper we analyze the importance of considering spillover effects between emerging Asian Islamic indexes based on the Bivariate VARMA-BEKK-AGARCH model of McAleer et al. (2009), which includes spillover and asymmetric effects. We compute after the effectiveness of portfolio diversification based on the conditional volatility of returns series. Results show a significant positive and negative return spillover from China to selected Asian Islamic stock market and bidirectional volatility spillovers between China, Korea and Thailand Islamic market showing evidence of short-term predictability on Islamic Chinese stock market movements. However there is no short term volatility persistence in India, Indonesia and Malaysia. GARCH results show no persistence in volatility spillover effect in long term from Chinese to Indian, Indonesian and Korean Islamic stock market. Our findings are beneficial for international portfolio diversification for policy makers and investors since the results of portfolio management and hedging effectiveness ratio are different to previous studies.     

Zero Tariff-Step #1

It is widely reported that starting the first day of 2010, China and six old ASEAN member nations, including Brunei, Indonesia, Malaysia, the Philippines, Singapore and Thailand, imposed zero tariffs on most normal products,while China and the other four new ASEAN members namely Cambodia, Lao PDR, Myanmar and Vietnam will do the same in 2015.     

中国与东盟创意商品贸易的互补性 与竞争性研究

本文运用RCA指数、贸易互补性指数和贸易相似度指数等工具分析了中国与东盟主要国家创意商品贸易的互补性与竞争性,结果表明,中国与东盟的创意商品贸易互补性与竞争性并存。就互补性而言,中国与新加坡创意商品贸易存在较强的互补性,中国和其他东盟主要国家在工艺品和新媒体上互补性较大。就竞争性而言,中国与新加坡创意商品贸易的竞争性相对较小,中国与马来西亚、泰国、越南在世界创意商品市场上的竞争较激烈。因此,中国要充分利用与东盟创意商品贸易的互补性,增加彼此产品的差异性,促进双方创意产品贸易的发展。     

中国在东亚生产网络中的分工地位检验——基于贸易增长途径的视角

运用贸易增长分解方法,将东亚各国对中国的出口增长分解为广度增长、数量增长与价格增长,从贸易增长途径这一新视角探讨了中国与东亚各国的相对分工地位。研究结果显示,日本、韩国、新加坡和马来西亚四国对中国的出口以价格增长为主,而菲律宾、泰国和印度尼西亚三国主要以数量增长带动对中国的出口贸易。这说明中国并非位于分工体系的底端,而且其分工地位将逐步提高,因为在东亚七国对中国的出口贸易中,数量增长表现出了趋于主导的态势。由此看来,中国在东亚生产网络中的分工地位处在上升阶段,并逐步向分工体系的高端收敛。