Op-Ed Commentary: Chris Devonshire-Ellis
Feb. 22 – As part of the recent news that China has just overtaken Japan as the world’s second largest economy and our comments on that here, let us now take the opportunity to run another of our occasional, tongue firmly in cheek pieces on the 10 things you can get…and this time, featuring Japan and China. We’ll run the 10 things in China you can’t get in Japan in a couple of days. Continue reading
Feb. 21 – Groupon and Tencent, China’s largest Internet firm, have laid plans to work together to launch a group buying site in the world’s most populous country. The duo’s China web site will be found at gaopeng.com.
According to Groupon staff, the company plans to hire 1,000 Chinese employees, with 70 percent of them filling positions in marketing and customer service. The Financial Times reported that the firm’s Beijing office, located at Yuecheng Center complex, had more than 50 people waiting in line last Friday, with interviews being conducted in the lobby outside of the firm’s makeshift office. Continue reading
Feb. 18 – Stockwell Day, president of Canada’s Treasury Board, said on Thursday that hackers – maybe from China – attacked computers in government departments responsible for overseeing the county’s budget and fiscal policy, leaving officials disconnected from the Internet for nearly two months.
“Every indication we have at this point is that our sensors and our cyber-protection systems got the alerts out in time, that the information doors were slammed shut,” Day said. Continue reading
Feb. 18 – China witnessed an impressive year-on-year increase of 93.33 percent in its foreign car imports last year, according to statistics released by the China Association of Automobile Manufacturers (CAA) on February 15.
Among the 813,600 foreign automobiles China imported last year, vehicles from Germany and Japan seem to have won the most favor in spite of the security issues on Japanese cars that were brought up last year. While 400,000 car imports came from the two countries, nearly 300,000 were from South Korea, the United States, the United Kingdom, Mexico, Slovakia, Belgium, Austria and Portugal. China’s car imports from the aforementioned 10 countries accounted for 97 percent of its total annual imports. Continue reading
Feb. 17 – Al Jazeera has run a brief, yet interesting report comparing China and India including the economic relations between the two. Featuring a somewhat hirsute Chris Devonshire-Ellis (he says he’d just returned from a -30 degree winter trekking expedition in the Himalayas), the report gives a snapshot of the differences and similarities between the two countries. As we pointed out in earlier articles on this web site, the proximity of China and India to one another is generating opportunities both for China-based businesses in India, and for India-based businesses in China. This short clip succinctly explains why. Continue reading
Feb. 16 – China and India will be among the five largest domestic aviation markets within the next two years, making Asia one of the most attractive regions for firms involved in the aviation industry, according to projections made by the International Air Transport Association (IATA).
By 2014, the five largest markets for domestic passengers will be the United States with 671 million, China with 379 million, Japan with 102 million, Brazil with 90 million, and India with 69 million, the IATA projected in its latest forecast. Continue reading
Feb. 15 – The continuing winter drought across China’s northern plains is bringing the area’s wheat crop at risk while driving up domestic and global food prices.
While northern China’s wheat production contributed over 65 percent to last year’s total national production, the Food and Agriculture Organization (FAO) warned that more than two thirds of this area’s wheat crop may be affected by the drought this year. Continue reading