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»»China’s Hidden Borrowing?

© d'n'c

2point6billion (a blog on economic issue in India and China) had an interesting blog post not long ago on China's "hidden" borrowing.

Officially, China has a public debt hovering at about 22% of its GDP. That's relatively low. The US has a public debt that's about 94% of GDP and the UK's public debt is closer to 380% of GDP. But Victor Shih, an economist at Northwestern University, has suggested that most of China's public debt is somehow shuffled down to local …



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March 15, 2010 - in: China

 

»»Audi again aiming high

Audi AG, the luxury arm of Germany’s Volkswagen Group, plans to again lead the sector in China with sales of 200,000 units in 2010 after moving nearly 160,000 cars last year in its largest overseas market.
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March 14, 2010 - in: China

 

»»High-tech headaches drive complaints, anger buyers

Network products, items purchased online and communication products were major focuses of consumer criticism and complaints last year.
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- in: China

 

»»As Asia’s fortunes rise, Shenzhen steps up

Shenzhen, in Southeast China’s Guangdong Province, ranked ninth among global financial centers, according to the latest Global Financial Centres Index (GFCI) report released Friday.
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- in: China

 

»»Price increases could hide real gains: Ministry

China will continue stimulus programs to boost domestic consumption this year, according to the Ministry of Commerce (MOFCOM).
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- in: China

 

»»Maintaining the trust of consumers

Foreign companies that do business in China can see their brand reputations collapse in ruins if they betray consumer trust, says a leading marketing expert.
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- in: China

 

»»Wen stands firm on yuan

Premier Wen Jiabao brushed aside external calls for the yuan’s appreciation on Sunday, saying they are “unhelpful”, and stressed that the Chinese currency is not undervalued.
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- in: China

 

»»Google China on brink of withdrawing

Google reiterated its threat to pull out of China in protest of censorship over the weekend, with the Internet search giant reportedly now certain to leave.
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- in: China

 

»»Hanwang plans 60 stores for e-books

Hanwang Technology Co said yesterday it plans to open 60 customer experience stores nationwide this year to display and promote e-book reader products and online bookstore services.
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- in: China

 

»»CNOOC’s JV takes Argentina route

China National Offshore Oil Corp, the country’s biggest offshore oil explorer, plans a joint venture with Argentina’s Bridas Energy Holdings, paying US.1 billion to take a 50 percent stake in a subsidiary, Bridas Corp.
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- in: China