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China - Latest News/Current Events, Economic Overview & Trade Relations

AEI | Quick Facts about China

Official Name People's Republic of China
Capital Beijing
Location Eastern Asia, bordering the East China Sea, Korea Bay, Yellow Sea, and South China Sea, between North Korea and Vietnam
Area total: 9,596,960 sq km land: 9,326,410 sq km water: 270,550 sq km
Climate extremely diverse; tropical in south to subarctic in north
Terrain mostly mountains, high plateaus, deserts in west; plains, deltas, and hills in east
China
China

PBOC Shows Signs of Tightening Monetary Policy

According to Galaxy Securities' Co. chief economist, Zuo Xiaolei, China's central bank may tighten monetary policy this year after previously saying it would "fine-tune" it. Xiaolei says that the People's Bank of China has excessively loose monetary…

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China

China vs. EU: Tariffs on Fasteners

China filed a complaint against EU tariffs on fasteners at the WTO, claiming its duties break global commerce rules. On January 2009, the EU imposed a five-year tariff on imports of Chinese iron or steel fasteners worth an estimated 575 million euros…

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China

China Development Bank Will Expand to Brazil, Egypt and Russia

China Development Bank Corporation opened its first branch outside the mainland in Hong Kong on the 29th of July, 2009 as the state-run bank for public works projects plans to expand carry out. Russia, Egypt and Brazil are the locations of the next expansions.…

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China

China Adjusts Gasoline & Diesel Prices to $3.14/gallon Max

China slashed gasoline and diesel prices by about 3.3 percent after three consecutive increases in prices caused widespread concern about fuel costs. The National Development and Reform Commission announced that pump prices for 90 octane gasoline will…

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China

China Shipbuilding to Sell Around 2 Billion Shares

Chinese state-owned company, which is the biggest ships' maker, is planning to offer $942 million in initial public offering, according to a report from China Securities Commission.

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China

China's Largest Housing Contractor will raise $7.3 Billion in IPO

China State Construction Engineering Company, China's largest housing contractor, is planning on raising $7.3 billion "in the world's biggest initial public offering since March 2008". It looks to sell about 12 billion shares from 3.96 yuan to 4.18 yuan…

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Trade Agreements

ASEAN - China Free Trade Area

The ASEAN - China Free Trade Agreement will apply in an area involving 1.7 billion consumers, making it the world's largest trading area. The agreement currently establishes a zero-tariff market. The agreement now contains trade in goods, services and dispute settlement. Investment is still under negotiation.

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Macao - People's Republic of China Closer Economic Partnership

The Mainland and Macau Closer Economic Partnership Arrangement was signed in 2003. Macau Products, under the agreement, are exempted from import customs. The agreement strives to support the growth and expansion of the Macau manufacturing, tourist and development industries.http://www.economia.gov.mo/page/english/cepa_e.htm

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People's Republic of China - Thailand Free Trade Agreement

People's Republic of China - Thailand Free Trade Agreement

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People's Republic of China, Hong Kong Closer Economic Partnership

i. The Closer Economic Partnership (CEPA) between the People's Republic of China and Hong Kong is a Free Trade Agreement that allows residents and companies of Hong Kong preferential access to the mainland market. The objectives of the agreement, as stated in the legal document, are to strengthen trade and investment between the two sides and promote development. Both parties meet regularly and add supplements to the agreement. The three main areas CEPA covers involve measures for promotion of trade and investment, opening the mainland market to Hong Kong service providers, and the elimination of tariffs on locally manufactured goods. CEPA also encourages foreign investors to establish businesses in Hong Kong to reap the benefits of both the Hong Kong opportunities as well as those in the mainland.

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Thailand - People's Republic of China Free Trade Agreement

Limited to agricultural products, the Thai-China Free Trade Agreement entered into force in 2003, and negotiations on a more comprehensive agreement are expected to conclude before 2010.http://english.people.com.cn/200506/19/eng20050619_191069.html

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Trade Organizations

ASEAN Plus 3

Forum as a coordinator of cooperation between ASEAN and China, Japan and South Korea.

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Asia Cooperation Dialogue (ACD)

The Asia Cooperation Dialogue (ACD) is an International Organization to promote Asian cooperation at a continental level, helping to integrate the previously separate regional organizations of political or economical cooperation such as ASEAN, SAARC

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Asia-Pacific Economic Cooperation (APEC)

Asia-Pacific Economic Cooperation (APEC) is a forum for 21 Pacific Rim countries or regions (styled 'member economies') to discuss the regional economy, cooperation, trade and investment. The membership is claimed to account for approximately 41 percent of the world's population, approximately 56 percent of world GDP and about 49 percent of world trade. The activities, including year-round meetings of the members' ministers, are coordinated by the APEC Secretariat.

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East Asia Summit (EAS)

The East Asia Summit (EAS) is a Pan-Asia forum of 16 countries in East Asia, with ASEAN in a leadership position.

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