China : Finance
Will China Lead the Global Economy to Recovery? - Apr 19, 2009 - 3:55:25 PM
On Saturday April 18, Wen Jiabao said at the Bo’ao Forum for Asia on Hainan Island that his economic stimulus package has “achieved initial success, and China's economic situation is better than expected.”

This kind of self-satisfied Chinese official discourse is disingenuous, because those in power in China never announce their future expectations, but always say things are better than expected after the fact, leaving no way to judge truth from lies. There were in fact precious few pleasant surprises in China's first-quarter economic data, but as Ye Tan commented, rather they more clearly indicated China's future economic concerns. No one ever doubted the Chinese government could stimulate the economy to achieve short-term growth; those with some knowledge of China's economy did however doubt the capacity of China’s rulers to lead the economy out of recession ahead of the whole world.[1]

China : Finance
Hu Jintao's Important "Common Boat" Speech at the G-20 Summit: Oppose Protectionism in Reestablishing the International Financial Order - Apr 4, 2009 - 4:06:30 AM
On Thursday April 2 President Hu Jintao in London gave an important speech at the second annual G-20 financial summit meeting. The title of Hu's speech was "People in the Same Boat Must Help Each Other." Hu emphasized that at present the financial crisis is growing deeper and wider every day and negatively influencing every economic entity in the world. The most pressing responsibility is to counter falling into more rapid decline and resume economic growth. In this regard all impulses toward protectionism must be resisted, and a climate of open and free trade and investment must be maintained. Mutually beneficial reforms must be promoted in order to reestablish the international economic order.

China : Finance
China is Not Prepared to Challenge the U.S. Dollar's Reserve Currency Status - Apr 3, 2009 - 7:04:30 AM
Boxun reports that on Tuesday March 24 China's Central Bank Governor Zhou Xiaochuan issued a statement, "Thoughts on Reforming the International Currency System." On Wednesday March 25 he issued "On the Savings Rate Problem" and on Thursday March 26 he issued "Inquiry into Changing the Macro and Microeconomic Cyclicality."

China : Finance
4000 billion is only 1/3 of its plan, yet still a secret - Mar 14, 2009 - 1:12:43 PM
China has announced a 4000 billion RMB Yuan plan to support its economy, Boxun learned from a reliable source that China's overall plan is to inject 12,000 billion. The overall plan is still a top secret.

China : Finance
What is the unemplyment rate in China? - Nov 8, 2008 - 11:30:37 AM
If count only Zhuhai��s 50 million, the unemployment rate will be close to 20%.