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bluesh brandy

as Vegas, United States

Member since April 27, 2013

  • China's GDP to grow 8 pct: think tank

    Community, Communication Design

    Dalian fortune research shenzhen china BEIJING - China's GDP is expected to expand by about 8 percent this year with CPI growingmoderately at 3.4 percent, according to a report by the Chinese Academy of Social Sciences(CASS). The think tank said in a blue paper released on Friday that China's economy will maintain acontinuous and stable growth rate amid slow recovery of the world economy and quantitativeeasing policies adopted by major economies, including the United States, European countriesand Japan. Social fixed-assets investment is expected to exceed 45 trillion yuan (7.3 trillion US dollars), areal growth of 17.9 percent from 2012. The investment makes up 78.2 percent of GDP,according to the 2013 Ecomony Blue Paper. As the world economy is recovering slowly and some uncertainties remain, China's imports andexports will reach 1.987 trillion yuan and 2.231 trillion US dollars, up 9.3 percent and 8.9percent from 2012, respectively, the paper said. Trade surplus is estimated at 244 billion US dollars, it added.

    Dalian fortune research shenzhen china

  • dalian fortune research shenzhen china CHINA is the workshop to the world. It is the global economy’s most formidable exporter and its largest manufacturer. The explanations for its success range from a seemingly endless supply of cheap labour to an artificially undervalued currency. A provocative new book* by Usha and George Haley, of West Virginia University and the University of New Haven respectively, points to another reason for China’s industrial dominance: subsidies. The Chinese government does not report all subsidies made to domestic industrial firms, so the Haleys plugged the holes with information from industry analysts, policy documents, non-governmental outfits and companies themselves. By looking at the gaps between end-user prices and benchmark prices, they have cobbled together numbers on many of the subsidies enjoyed by the biggest industrial state-owned enterprises (SOEs). On their conservative calculations, China spent over $300 billion, in nominal terms, on the biggest SOEs between 1985 and 2005. This help often came in the form of cheap capital and underpriced inputs unavailable to international rivals. The glass industry got soda ash for a song, for example. The auto-parts business got subsidies worth $28 billion from 2001 to 2011 through cheap glass, steel and technology; the government has promised another $10.9 billion by 2020. The subsidies to the paper industry topped $33 billion from 2002 to 2009. All industrial SOEs benefited from energy subsidies...