China is going to expand schemes that give domestic consumers a discount if they trade in old cars and household appliances for new ones, said Chinese Vice Commerce Minister Jiang Zengwei […]
Category: Economics
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China is experiencing some reverse brain drain, by attracting Chinese scientists and mathematicians in the U.S. back to the mainland […]
Stimulus policies spurring Chinese domestic consumption will be maintained in 2010, while high sales growth of home appliances and automobiles due to the stimulus packages will not affect consumption, analysts predict […]
Shanghai’s economy made further progress last month as a result of continued strong growth in local consumer spending and investment, while exports also improved to help strengthen a growing recovery […]
Online sales in China almost doubled in the first nine months of last year, official data showed recently, as China becomes more switched on and the younger generation of shoppers bare more confident in Internet shopping […]
For the better part of the past decade, the world economy has been dominated by a unique geoeconomic constellation that the authors call “Chimerica”: a world economic order that combined Chinese export-led development with U.S. overconsumption on the basis of a financial marriage between the world’s sole superpower and its most likely future rival. In this paper, economic historians Niall Ferguson of Havard Business School and Moritz Schularick of Freie Universität Berlin consider the problem of global imbalances and try to set events in a longer-term perspective […]
China’s Education Minister Yuan Guiren warned recently that the country’s record number of 6.3 million college graduates next year would pose “severe challenges” to the job market.
The People’s Republic of China is building a great economic wall around its domestic online gaming industry. Reuters reports the Chinese General Administration of Press and Publication (GAPP) is prohibiting investment by foreigners in the industry, through either “joint ventures, wholly owned enterprises and cooperatives.” […]
To give us some perspective on the massive social and economic impact of pollution throughout China, Shanghaiist turned to photographer Lu Guang’s “Pollution in China” project. Lu won this year’s $30,000 W. Eugene Smith Grant in Humanistic Photography from the Asia Society in New York. His project documents families, farmers, industrial districts, rivers, the countryside, cancer patients, children; anyone and everything affected by pollution across China […]
American universities are enrolling a new wave of Chinese undergraduates, according to the annual Open Doors report […]