Morgan Stanley, global financial services giant, is still trying to sell its entire holdings in China International Capital Corp (CICC), the country’s first and most profitable investment bank, confirmed by both the US-based financial advisor and CICC on Nov. 4, 2009.

Citing people familiar with the situation, the report in the Wall Street Journal on Tuesday pointed that Morgan Stanley had asked potential buyers to submit indicative first-round bids for its 34.3 percent stake in CICC. Read more…

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bank, China, economy, global, investment, service

According to several speakers at the First China Overseas Investment Fair on November 4, 2009, China’s tremendous overseas investment helps the global economy, especially the economies of developing countries to recover from the world’s financial crisis.

Chinese officials pressed for foreign countries to create a convenient and fair environment to make it easier for Chinese investors to continue to invest.

Comparing with the traditional big spenders, including the United States Read more…

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China, economy, fair, global, investment, overseas

Despite warnings from some US lawmakers not to rush into a deal, the top US agricultural official said that the Doha round of global trade talks may “see a successful completion” by the end of the year.

Washington would like to offer a reduction in its allowable level of subsidies, but it would do this only to increase market access for its exports, Ed Schafer Read more…

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China, Doha, global, official, SED, U.S.

A senior official form the National Development and Reform Commission (NDRC) warned less developed central and western parts of China are likely to suffer more than coastal regions in the unfolding global economic slowdown in the long term. Du Ying, NDRC’s vice-president said those regions are more vulnerable to global financial woes because of their immature industrial structures, sharply declining resource prices and a weaker capacity to deal with risks and social conflict.

Du made these remarks at a recent national Read more…

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China, economy, global, hinterland, region, slowdown

It is unnecessary for cookware seller Qu Yanpeng to know the impact brought by the global financial crisis through newspaper or TV. She could tell from the lack of visitors to her booth at a recent trade fair.

Qu, a sales manager for well-known Chinese cookware brand Supor, said that compared with previous occasions, the number of clients she had this year on the first day of Canton Fair reduced by 80%.

Cloyce D. Palmer, a buyer of agricultural equipment from the United States also said that business people from US were absent from China’s largest trade fair. What is more, he had no plans to buy anything this year, since US distributors cancelled their orders before his trip.

This reflects Read more…

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crisis, exporters, global, impact, strive

In spite of the threat of global economic slowdown, Yiwu, China’s largest distribution center for small commodities is still booming.

He Meihua, city Major, said on 20th October, “Though Yiwu’s growth rate from January to September is a little lower year-on-year, it is still astonishing.”

Because of the government’s support polices and local enterprises’ efforts to enlarge their export destinations, Yiwu’s exports in the first three quarters increased by 28 percent to 404,400 containers year-on-year.

“Though the export growth has been slower a little, Yiwu has not lost its charm. Part of the enterprises and individual businessmen do confront the difficulties.” He added.

He said, “The local government, confident of facing any challenge, will pay attention to such enterprises Read more…

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beauty, global, slowdown, Threat, Yiwu

As the global economic slowdown and decreasing demand in main international markets, international trade in China is lessening gradually.

The country may bear more uncertainties in export and import business because of the worsening situation in the international market.

In the first eight months of the year, China’s exports increased to $937.7 billion by 22.4 percent and 3.3 percent less than last year. Imports were up to 785.7 billion by 30 percent, 10.4 percent than 2007.

Owing to the growth in exports decreasing while imports were increasing, the country’s trade surplus decreased to $152 billion, $10 billion less than the year 2007.

At the same time, China’s exports to U.S.A. just increased by 10.6 percent, Read more…

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demand, economic, exporter, global, slowdown

A potential global recession is caused by the deteriorating US credit crisis, which is said to force many CEOs of Chinese enterprises to make emergent plan to cut production and corporate expenditure in preparation for leaner times. These companies have for years worked toward an export boom.

As the surplus goods, produced by the fall in exports, can not be digested by domestic market, many Chinese are possibly facing the problem of excess capacity, caused by easy and Read more…

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Chinese, difficulties, firm, global, recession

The financial turbulence has greatly affected China’s exports, and it lowered the expectations of China’s exporters as the country’s leading trade fair which is mainly known as the Canton Fair. The fair was opened yesterday. The autumn session of the biennial fair in Guangzhou is considered as the barometer of Chinese exports and imports, which will run till Nov 6, lasting for 15 days all together.

The number of booths this year is 53,000, 10,000 more than last time. Despite the encouraging changes, businessmen and analysts still have taken a cautious attitude toward China’s export prospects because of the global financial crisis, fluctuations in raw material prices, Read more…

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canton, China, crisis, fair, global

Looming global financial crisis bring disasters everywhere. Many consider the future for the country’s fresh college graduates to be bleak. The terrible situation graduates face is divided into three parts as follows.

The first one is number of graduates. The official figures shows job hunter number will grow to 6 million with 7 percent increase of this year.

The second one is experience. Carol Cai, a employee of British market research company TNS said,” First, the new recruits are halved, besides, most positions requires experience”. “Fresh graduate posses disadvantage when hunting job with unemployed experienced ones.” Tang Xiaolin, director of the career development center of Fudan University had similar opinion.

The third Read more…

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financial, global, graduate, hunt, job