Monthly Archives: March 2012
1. Cover story
2. Economy outlook
3. Financial strategy
4. Legal spotlight
5. Point of interest
7. Remark from editor
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
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
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
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
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
Wang Qishan, male, ethnic Han, native of Tianzhen, Shanxi Province, born in July 1948. Joined the Communist Party of China (CPC) in February 1983 and began working in January 1969. Graduated from the Department of History at Northwest University, majoring in history. With a university education. Senior economist. Continue reading
During the Eleventh National People’s Congress in March, Chinese Premier Wen Jiabao announced that the annual GDP growth targets at 7.5% for next year, first time below8 in8 years. According to the Premier’s report, this move will make the country’s economy more sustainable and efficient. Continue reading