Archive for the 'economics' Category

• 06.25.08 OCED on Innovation in China
  
  "OCED Observer is running a good piece this month assessing the state of innovation in China: "Part of China’s innovation stodginess reflects history: the Chinese R&D system has evolved from a Soviet-style mission approach, slowing the transition to a more market-led approach. Geography is also a factor, with many pockets of excellence living separate lives–more an archipelago than an interlinked whole. A glance at the map also reveals that the hot spots of innovation lie along the east coast. In bleak contrast stands the number of R&D facilities in the western and central provinces. Again, history comes in to play, since many of these sites were chosen during the Cold War because their remoteness from busy economic hubs was considered as a “third frontier” in defending Chinese intelligence...""  read on
  
  posted in innovation, industry, research, china, information technology, education, trends, economics
• 06.22.08 Intellectual Property: Introduction of China’s Intellectual Property Strategy
  
  "China has promulgated its own intellectual property strategy, which is aimed at promoting innovation and the use of new technologies by China's industries. It's hoped that via the implementation of the strategy, all innovations will be respected and more wealth will be created..."  read on
  
  posted in industry, creativity, market, trade, intellectual property, wealth, china, innovation, economics
• 06.09.08 Living in China: Cost of food drives up Consumer Price Index to 8.5%
  
  "China's consumer price index(CPI) rose 8.5 percent in April, mainly driven by uncurbed food costs, the National Bureau of Statistics(NBS) said recently. The figure, compared with 8.3 percent in March and a nearly 12-year-high of 8.7 percent in February, was broadly in line with most forecasts. The NBS attributed the figure to a low base of comparison: the CPI rose just 3 percent in April 2007. Another factor was the rapid increase in world grain and commodity prices..."  read on
  
  posted in living, agriculture, china, consumer behavior, economics
• 06.09.08 Living in China: Beijing’s Consumer Price Index rose 6.5% in April 2008
  
  "Beijing's consumer price index (CPI) rose 6.5% in April, according to the latest statistics from the Beijing Municipal Bureau of Statistics and the Chinese National Bureau of Statistics Beijing Survey Organization. Food prices rose 21.6%; while non-food prices rose 0.3%. Consumer goods prices rose 8.7% and that of service rose 0.8%. Food prices increased by 21.6% as compared with the same month last year, among which grain prices increased 9.0%; oil prices increased 29.2%; meat and its products prices increased 46.8%; egg prices increased 6.3%; aquatic products increased 19.9%; and vegetables prices increased 11.4%..."  read on
  
  posted in agriculture, living, beijing, china, consumer behavior, economics
• 05.31.08 China’s Software Industry Revenue Rises 31.2%
  
  "China's software industry income amounted to 193.55 billion yuan from January to April, up 31.2 percent year-on-year, and 11.4 percentage points higher than the electronic information industry, according to information released by the Ministry of Industry and Information. The revenue from software products accounted for 70.39 billion yuan (10.2 billion US dollars): it is still the main component of the software industry. Revenue from software technology services saw the fastest growth and amounted to 35.63 billion yuan (5.1 billion US dollars), growing by 48.2 percent year-on-year. Revenue from system integration increased by 23.8 percent to 46.07 billion yuan (6.7 billion US dollars); and the growth rate of revenues from embedded systems and IC design are relatively low..."  read on
  
  posted in market, software, china, information technology, economics
• 05.30.08 Chinese People and Their Mobile Phones: 6 Telecoms to Merge Their Assets
  
  "China has told its six telecommunications companies to merge their assets, allowing fixed-line carriers to expand into wireless services and creating three operators that will offer phone and Internet connections to 1.3 billion people. Under the plan, the parent of China Telecom will buy a mobile phone network from the parent of China Unicom, which in turn will merge with the company that controls the China Netcom Group, the Ministry of Industry and Information said in a statement on Saturday. China will issue three third-generation wireless licenses after the overhaul is completed, it said..."  read on
  
  posted in population, market, japan, korea, industry, hong kong, economics, wealth, information technology, china, mobile
• 05.24.08 Living in China: GDP could be 2.5 times that of the US by 2030
  
  "China's economy could be 2.5 times that of the US by 2030, based on Japan's experience and the yuan's appreciation against the greenback, a senior Chinese economist says in Harvard Business Review's Chinese edition. The forecast by Justin Lin Yifu, head of Peking University's China Center for Economic Research and recently appointed chief economist of the World Bank, in the May issue of the magazine published on Thursday is one of the most ambitious for China's economic growth..."  read on
  
  posted in agriculture, united states, japan, beijing, china, consumer behavior, trends, economics
• 05.13.08 Wenchuan Earthquake: China races against time as death toll nears 10,000
  
  "Rescuers are racing against time to reach survivors a day after the strongest quake that hit China in more than three decades jolted the southwestern province of Sichuan. The country was immersed in immense grief as the death toll rose to nearly 10,000. China's English-language newspaper China Daily silhouetted the front page in black to mourn the victims. The headline reads: "The Day the Earth Moved." Chinese Premier Wen Jiabao, who flew to Sichuan Monday evening, urged "calm, confidence and courage" in face of the catastrophe. Wenchuan County, the epicenter of the earthquake at western Sichuan province, has reported 57 confirmed deaths, and about 60,000 locals were still out of reach..."  read on
  
  posted in population, disaster, transportation, china, economics, environment
• 05.11.08 Investing in China: Most of world’s top companies invest in China
  
  "Almost 480 of the Fortune 500 companies have invested in China during the past 30 years, said Du Ying, deputy minister in charge of China's National Development and Reform Commission. From 1978 to 2007, China's total use of foreign investment exceeded 760 billion U.S. dollars, the largest amount among developing countries and the second largest worldwide, said Du at a national economic conference recently..."  read on
  
  posted in united states, finance, trade, china, socialism, trends, economics
• 04.20.08 60% of world’s paintings come from one village in China
  
  "A single village in China is responsible for cranking out 60% of the world's paintings. The overwhelming majority of the paintings are slavish reproductions of famous paintings. The artists doing the work are very talented, however, and an organization called Regional asked some of the artists to paint themselves. The results are incredible. Dafen is a village surrounded by the thriving metropolis of Shenzhen, and the origin of most of the world’s reproduction oil paintings..."  read on
  
  posted in industry, art, trade, china, culture, economics

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