Monthly Archives: March 2012

Cover of March 2012

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Table of Contents of March 2012

1. Cover story

Below 8

2. Economy outlook

2nd BRICS

3. Financial strategy

Haier acquired part of Sanyo

4. Legal spotlight

Trilateral FTA

5. Point of interest

Boao Forum for Asia

6. Portrait

One of the potential candidates for Chinese Premier

7. Remark from editor

Why do we always have to have growth?

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Below 8

During the Eleventh National People’s Congress in March, Chinese Premier announced that the annual GDP growth will not exceed 8% for next year, first time below 8 in many years.

Following is part of the full text of the Report on the Work of the Government delivered by Premier Wen Jiabao at the Fifth Session of the Eleventh National People’s Congress on March 5, 2012 and adopted on March 14, 2012: Continue reading

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2nd BRICS

The 2nd Meeting of the BRICS Trade and Economic Ministers was held on March 28, in New Delhi, India. Trade and Economic Ministers Chen Deming from China, Anand Sharma from India, Rob Davis from South Africa, Fernando Pimente and Foreign Affairs Minister Antônio Patriota from Brazil, and Russia’s Elvira Nabiullina attended the meeting.  Continue reading

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Haier acquired part of Sanyo

On 30 March 2012, Haier Group Corporation (“Haier”), the world’s no. 1 white goods manufacturer, and SANYO Electric Co., Ltd. (“SANYO Electric”) held a closing ceremony in Singapore to officially mark the completion of Haier’s acquisition of SANYO Electric’s refrigerator, washing machine and other consumer electric appliances business in Japan, Indonesia, Malaysia, the Philippines and Vietnam. Continue reading

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Trilateral FTA

China, Japan and ROK held negotiations on investment agreement in Beijing on March 19-21, 2012. The three parties reached substantive agreement on all pending issues in the draft of the China-Japan-ROK Investment Agreement, and initialed the draft, expressing that they would speed up to complete domestic procedures so as to sign the agreement as early as possible.

If signed, it would be the first legal economic agreement among the three nations and is expected to be signed at a summit in May. Continue reading

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Boao Forum for Asia

As a non-government, non-profit international organization, Boao Forum For Asia (BFA) is the most prestigious and premier forum for leaders in government, business and academia in Asia and other continents to share visions on the most pressing issues in this dynamic region and the world at large. The Forum is committed to promoting regional economic integration and bringing Asian countries even closer to their development goals.

Initiated in 1998 by Fidel V. Ramos, former President of the Philippines, Bob Hawke, former Prime Minister of Australia, and Morihiro Hosokawa, former Prime Minister of Japan, Boao Forum for Asia was formally inaugurated in February 2001. Countries across the region have responded with strong support and great enthusiasm, and the world has listened attentively to the voice coming from a tiny, quiet and scenic island at the southernmost part of China– Boao, the permanent site of the Annual Conference of the Forum since 2002. Continue reading

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