Monthly Archives: April 2011
1. Cover story
2. Economy outlook
3. Financial strategy
4. Legal spotlight
5. Point of interest
7. Remark from editor
The first BRICS Trade and Economic Ministers’ Meeting was held on April13 inSanya,Hainan. Chinese Commerce Minister Chen Deming, Indian Minister of Commerce and Industry Anand Sharma, South African Minister of Trade and Industry Rob Davies, Brazilian Deputy Foreign Minister Carneiro Leao, and Russian Vice Minister of Economic Development Oleg Fomichev were present at the Meeting.
Topics of deliberation at the Meeting were: 1. the world economic situation and macro-policies of each country post financial crisis; 2. to deepen trade and economic cooperation under BRICS cooperation mechanism; 3. to safeguard the interests of developing countries under BRICS multilateral cooperation. Continue reading
China’s Foreign Trade Report (Spring 2011) (hereinafter referred to as the Report) was released by MOFCOM on April 22, which is a description of features for China’s foreign trade in 2010 and the first quarter of 2011.
According to the Report, China’s foreign trade achieved rapid recovery growth in 2010, and import and export surpassed pre-crisis level, hitting a record high, and successfully met the goal set in 11th Five-Year Plan for foreign trade development. In the first quarter of 2011,China’s import and export maintains a rapid growth momentum, with structure further optimized, and trade balance further improved. Continue reading
The General Office of the Ministry of Finance (MOF) and the General Office of the Ministry of Commerce (MOFCOM) recently jointly issued the Circular on relevant issues concerning the project of “Ten Thousands of Villages and Thousands of Townships” in 2011, making work plans in order to promote a good beginning of the construction of rural market system during the 12th Five-Year Plan period. Continue reading
The year of 2010 was the closing chapter for the 11th Five-year Plan and the key year to fully initiate the implementation of the national intellectual property (IP) strategy ofChina. Closely focusing on the central task of economic construction, the Chinese government stuck to the independent innovation program with Chinese characteristics and strengthened the implementation of the national IP strategy. Remarkable achievements have been made in 2010. Continue reading
The 14th Shanghai International Automobile Industry Exhibition (Auto Shanghai 2011) was held in Shanghai New International Expo Center from 21 to 28 April, 2011 with a brand new vision. The participation of automobile industry giants home and abroad in the Auto Shanghai 2011 once again proved that China, as the world’s biggest automobile market, has its own unique charm.
Auto Shanghai 2011 is organized by China Association of Automobile Manufacturers, China Council for the Promotion of International Trade Shanghai Sub–Council and China Council for the Promotion of International Trade Automotive Sub–Council. Both Shanghai International Exhibition Co.,Ltd. and Messe Muenchen International / IMAG Internationaler Messe- und Ausstellungsdienst GmbH are the co-organizers. The special supporter is China Machinery Industry Federation, and the supporter is the Society of Automotive Engineers of China (SAE China). Continue reading
Justin Yifu Lin is World Bank Chief Economist and Senior Vice President, Development Economics. In this capacity, Mr. Lin guides the Bank’s intellectual leadership and plays a key role in shaping the economic research agenda of the institution.
Dr. Lin was born inYilan,Taiwan in 1952. He received his mater degrees from National Chengchi University in 1978 and from Peking University in 1982. He got his PhD in economics from the University of Chicago in 1986. Continue reading
According to Wikipedia, the acronym BRIC
“was coined by Jim O’Neill, a global economist working for Goldman Sachs, in a 2001 paper entitled ‘Building Better Global Economic BRICs’. The acronym has come into widespread use as a symbol of the shift in global economic power away from the developed G7 economies towards the developing world.” Continue reading