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Posts Tagged ‘China’

No effect attempts to get China to support new sanctions against Tehran over the nuclear issue. What is Beijing’s strategy? Always obtain the maximum possible concessions from both Iran and the West. But there are more effective ways to put the Asian giant on the ropes.

United States and other countries have spent months spending an enormous diplomatic capital to pressure China to impose a new round of sanctions against Iran.

However, these efforts have yielded limited results and serve only to strengthen the policy levers of China. The more stamina China, will receive better treatment from the West, is hopeful that sanctions, however, little will help resolve the impasse over the nuclear issue. Read the rest of this entry »

China has signed with Peru on free trade agreement (FTA) more breadth and depth of its history, although this is not a priority country for the Asian giant, saw the Peruvian foreign trade expert Ricardo Paredes.

Speaking at a day of discussion on the controversial trade agreement between Peru and China, in force since March 1, the manager of business consulting and economic studies of the Society of Foreign Commerce (Comex-Peru) said that China had never negotiated many paragraphs together.

In his opinion, one of the virtues of this agreement is to set some clear rules for trade in goods, services and investments between both countries, China often negotiate issues piecemeal, not whole. Read the rest of this entry »

Much has been made of the role of China in the world economy in the last 28 years the economy grew at an average annual rate of 9.7% and in the last five years this growth has exceeded 10% annually. China now contributes 17% to global growth and ranks fourth among major economies, after the United States, Japan and Germany.

China also has become a leading player in mining. While to some time ago was a typical raw material producing country, supplying its own domestic needs and irregular, mainly exported its surplus zinc, tin, tungsten and antimony, “in the last 15 years things have changed dramatically and China has become a major net importer.

The increase in Chinese imports has been spectacular in almost all metals in the last decade: in 2000 China imported 70 million tons of iron were 2003 and 143 million and 2006 reached a record 20 billion of tons. In the case of aluminum increased from 1 million tons in 1998 to 12 million in 2007. In copper, China currently consumes 22.7% of world production against 12.8% for eight years. Read the rest of this entry »

How does the impact of the unemployment crisis in Indonesia? The impact of this crisis could be lessened investors to invest funds into the real sector. In addition, raw material difficulties in the real sector depends on imported raw materials. If this happens, it could result in lower capital and production companies will decrease. Finally, for still goes on production, the company would not want to cut the number of employees. Trimming already begun, of which one of the employees laid off garment factory in Karawang, plans layoffs of hundreds of thousands of daily workers of oil palm plantations in Riau, and there is the possibility of getting more lines that the company will do it. In 2006, the number of open unemployment reached 11,104,693 inhabitants and fell to 10,547,917 inhabitants in 2007. Thus, the estimated unemployment rate in Indonesia will increase.

Similarly, with our exports and imports. From January to September 2008, a new non-oil export value reached US.342, 6 million, still lower when compared with 2007, for US.012, 3 million. A cumulative value of Indonesian exports in January-September 2008 reached US7, 65 billion or 29.69% increase compared to the same period in 2007. Meanwhile, during January-September 2008 reached the value of imports Indonesia US1, 09 billion. With U.S. oil imports, 90 billion and non-oil imports of U.S., 19 billion. How in 2008? During September 2008, the share of non-oil export markets are the second largest after Japan in the United States of U.S., 23 billion, and Singapore followed by US5, 1 Jula. With this crisis, people’s purchasing power decreases and the United States may affect the value of exports to that country. Estimated, the value of Indonesian exports as a whole is still above the previous year. Moreover, if the export in the next year transferred to countries that are not directly affected by the crisis, as countries Middle East and Africa.

What about the Indonesian people’s purchasing power alone? Since raising fuel prices, inflation rose from 6.59% in 2007 to 10.96% for the calendar year from January to October 2008. As a result, the purchasing power of Indonesian society more sag. However, towards the end of this 2008 world oil prices began to fall. Properly, it becomes good news.

Some effect will eventually lead to economic growth this year. The Indonesian government must maintain economic growth of 6%, as proclaimed by President Susilo Bambang Yudhoyono in the second step of the contents of the 10 steps to stem the global crisis. Read the rest of this entry »

The transfer of money from a residence in a foreign country in their country of origin. For many developing countries like India, transfer of funds represents a substantial financial income. Money sent from one industrialized country in a developing country contributes to economic growth in the past, try to fill the void left by insufficient foreign aid. His goal, remittances leads to greater financial and social inclusion. However, as side effects, but unavoidable, support the economy mainly through remittances leads to greater confidence in the global economy, but the development of a sustainable local economy.

Over the past two years, India has outperformed other countries in the world who receive remittances. India receives about 26 billion U.S. dollars, followed by China, which receives about U.S. $ 23 billion will be followed for one year. Thus, India has, over the years, as a benefactor of the new global economy. The group of Indians abroad, the chances of the world first in terms of lifestyle, education and work, money, time coming home to meet the needs of their families. Most people receiving end of remittances to India are among the poorest strata of society. This transfer of funds from a developed country among the poorest developing countries is the creation of an economic system more inclusive. Read the rest of this entry »

Giant bathtub being stretched, when moving it all affected the environment. Sentence in accordance with Chinese State disrupt various countries around the world will strike a cheap product and quality. Countries, including Indonesia.

Immediately turn of the year, in late 2009, Indonesia is still confusion and objections about the need for Indonesia to meet the commitments made within the framework of a Free Trade Agreement (FTA / Free Trade Agreement) ASEAN-China as of January 1, 2010 as he had promised the Minister of Economic Affairs. Many small and medium businesses, especially the opening level of this cooperation will destroy the domestic market for SMEs.

Also as a result of the global financial crisis yesterday, states in the U.S., Europe, and many countries in other parts of the increase in protectionism, this could affect Chinese products will only flow into the Indonesian market. Currently China has become the main source of imports of Indonesia, namely 17.3% of the total non-oil imports. In contrast, China only absorb 8.7% of total non-oil exports of Indonesia. This shows, the penetration of Chinese products into our market much stronger than the penetration of Indonesian products to the State. Read the rest of this entry »

Domestic Product Market

Consumers in the value of the Indonesian people is still potential for product market opportunities in the country. This consumer market even believed to be one of the target market in the world’s largest businesses, since Indonesia has 250 million inhabitants. In terms of population, this consumer market is a potential market that has not been in working optimally.
for this business in Indonesia is still spoiled business marketing. Excessive anxiety often react if there is a new challenge in the global market. This was precisely when the media onslaught following the publication of the application of free market trade in China and ASEAN (the ASEAN China Free Trade Agreement) beginning in January. Most of them feared competition from Chinese imports coming into our country, because most products the price of Chinese products are still quite affordable in the country of Indonesia and the average over the international quality standards. Besides the China business is a difficult giant investors unrivaled.

In fact, the memorandum of free trade was not a frightening threat. Logically, the global business market necessarily always target the consumer market is fat. Indonesian Consumers clearly entered the business world producers list. Indonesia has the fifth largest population in the world. This automatic impossible reality in just let the giant producing countries such as China. Our consumer market is certainly the largest in ASEAN. If this is clear in comparing Malaysia we are still far superior. Malaysian consumer market is only 23 million. Read the rest of this entry »