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Archive for the ‘China’ Category

In the last two weeks we have seen China decouple the Yuan to the dollar, the UK deploy historical fiscal austerity measures, and Japan bring out a plan to address its massive debt load.

The instinctive reaction of the markets was positive, i.e., interpreted as a positive influence on economic growth. In fact, for several weeks in June the market took all the suggestions of fiscal consolidation after:

• In Greece agreed to an aggressive plan of austerity

• The rest of Europe followed in the footsteps of Greece, opting for drastic cuts in budget deficit

• United Kingdom announced a tax increase not seen since the 70s and cuts in public spending.

• Japan follows the plan to balance their accounts and cut the deficit.

However, no mistake, all the austerity measures are not by choice but rather by market forces. When the Greek bond yields soared to more than 19 percent in May, the countries with the swollen deficits and debt were put on notice: “Put your fiscal accounts in order, or you shut out of markets government bonds.” Read the rest of this entry »

Microprocessor vendor Intel introduced the system on chip (system-on-chip or SoC) embedded advanced applications that use the Intel Atom processor core. Intel introduced the system in China today with the name of Tunnel Creek is a system that supports Internet protocol-based telephone or Internet telephony, printers, and information systems, entertainment (infotainment) for cars. Doug Davis, Intel’s corporate vice president said that the system is the first system that allows other companies can create devices that match the peripheral component interconnect (PCI) that is directly connected to a chip that has the flexibility to embedded applications. Read the rest of this entry »

China likely to allow more freely traded yuan for U.S. dollars, avoid the revaluation that will damage exports, “China likely to continue the system of managed floating exchange rate, especially if the post-crisis economic uncertainties have diminished,” said Fan Gang, China’s central bank advisor as written in the China Daily, the English-language government newspaper.

He added that if the adjustment is abrupt or sudden, companies in China will suffer due to loss of competitiveness. Fan reiterated Governor People’s Bank of China Zhou Xiaochuan this month that said ‘sooner or later’ China will release the anti-crisis policies, including exchange rate peg the yuan over the U.S. dollar imposed in July 2008. Zhong Shan deputy trade ministers in Washington this week said foreign pressure for revaluing the yuan, will not succeed. The statement was made after a five-member U.S. Senate proposes measures to overcome the instability of exchange rates. Read the rest of this entry »

Indonesian Government strives to foster and strengthen partnership with China based on principles of mutual respect and understanding.

Cooperation that has been done in various fields will continue to be improved and both parties also will continue to seek new breakthroughs in developing cooperation of mutual interest to the people of both countries.

These all are grounded to the strong commitment of Indonesia to the policy of “One-China” since 1950 and of the parties to the policy non intervensi China’s internal affairs and respect for the sovereignty, territorial integrity and unity of the nation.

“Joint Declaration on Strategic Partnership proven effective in enhancing bilateral relations in various fields,” Imron said.

In the economic sector, the trade volume of both countries continued to increase steadily from year to year.

Year 2009, based on Central Bureau of Statistics report of Indonesia, the trade value has reached 25.5 billion U.S. dollars. Implementation of free trade agreements ASEAN-China (ACFTA) which came into force on January 1, 2010 is expected to further encourage more trading activity.

Currently, the Government of Indonesia has set a target of bilateral trade may reach 50 billion U.S. dollars in 2015.

Statistical data for 2009 showed total new investment in China to Indonesia reached 65.50 million.

Meanwhile, within the first half year 2009 alone on investment from Indonesia to China has reached 65.54 million U.S. dollars. Therefore, Indonesia needs to further convince the investors of China to come and invest in Indonesia.

In the field of tourism, China’s number of tourists visiting Indonesia last year reached 324 887 people. Along with China’s economic progress, the greater interest of China’s population to travel abroad.

Observing this opportunity, Indonesia aims to attract 564 000 tourists from China this year.

Plan a visit of Prime Minister Wen Jiabao China to Indonesia on 23-24 April 2010 is very timely because both countries have committed to jointly build a stable area, peaceful and prosperous.

JAKARTA,  Elshinta Radio and China Radio International (CRI) agreed to work together to broadcast news and information in the two countries are connected with the international world.
Cooperation with CRI will add insight Elshinta Radio listeners, having previously also with the BBC to broadcast news (of London), Voice Of America, Radio Australia.
- Rev. Aditama

“Cooperation with CRI will add insight Elshinta Radio listeners, having previously also broadcast news with the BBC (London), Voice Of America, Radio Australia,” the spokesman said Elshinta, Revelation Aditama, on the sidelines of the signing of cooperation to the two parties in Jakarta, Tuesday.

According Aditama, cooperation with CRI is headquartered in Beijing, is very strategic in developing Elshinta news services, as possible.

“Eslhinta possible free trade continue to monitor developments in the region, as well as actual information from China, as large countries grow more rapidly,” said Aditama.

He explained that this cooperation is the implementation of pure bridge already excellent relations between the two negara.Aditama, who is also adviser to the National Association of Indonesian Private Radio (PRSSNI) describes, from the business side is not too great, but what is important is how the cooperation This broadcast can be enlightening listeners on the two sides. Read the rest of this entry »

1 May to 31 October The Shanghai Expo 2010

Argentina will participate from 1 May to 31 October the Shanghai Expo 2010 where we have a national pavilion of 2014 meters square where it is expected that 6.5 million people traveling, said Deputy Secretary of International Trade Ministry, Luis Maria Kreckler.

Speaking to Telam, soon to embark for China, the diplomat stressed that in the event there will be food tastings and beer, meat, wine and olive oil, among others.

The ambassador explained that Shanghai is considered the main commercial and financial center of China. Its power is well represented by its port, the largest in the country and the many modern skyscrapers in the financial district of Pudong.

Also noted that “never in the history of Argentina’s trade promotion was a flag of this size and this size is also the largest universal exhibition history,” he said.

In the exhibition there will be business meetings, film showings, fashion shows, seminars, trade and investment economic, artistic journals, presentation of weeks samples of different provincial and private sector companies. Read the rest of this entry »

in mastering the business world because they have principles that trade is a job that they consider to have the highest degree. With the trade, they can increase the prosperity more than any other job. In addition, with the trade will increase their abilities, skills and talents they possess. Trade became the most important symbol of the Chinese people. They assume that working in an office is an alias to get the job lower castes salaries that they are trying to avoid. Some principles of Chinese people who make them as successful traders as well as having a high prosperity, among others:

* Aggressive
China aggressive nature in every region they do business, from upstream to downstream. They always try to get a big advantage with the concept of small profits but smoothly.
* Do not let opportunities
China is always responsive to every growing business opportunities, and every opportunity will be maximized to take advantage, always innovative thinking in developing their business, their emphasis on consumer confidence, satisfactory products and services, as well as clever captivate consumers. Read the rest of this entry »