Shanghai, 2:15 p.m.
For those delegates who clamoured aboard the buses on Wednesday afternoon, the tour of Chongqing’s New North Zone was a highlight of the trade mission, vividly demonstrating China’s economic development—and may have hinted at some underlying and unacknowledged challenges posed by the global financial crisis.
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Andrew Wahl - No Comments »
Shanghai, 10:10 a.m.
I had a chuckle this morning, my last in China, at my horoscope in the English-language China Daily newspaper:
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Andrew Wahl - No Comments »
Beijing, 11 p.m.
The first full day of the trade mission is wrapping up with a 500-person gala banquet at the Kerry Center Hotel's glittering ballroom, under massive, sparkling chandeliers shaped like inverted pyramids. At the head table: the four premiers of Ontario, Manitoba, New Brunswick and Prince Edward Island, as ...
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Andrew Wahl - 1 Comment »
I will be blogging from China this week, covering the Canada China Business Council's joint trade mission with four provincial Premiers to Beijing, Chongqing and Shanghai. Aside from CCBC members, the Premiers of Manitoba, Ontario, New Brunswick and PEI are leading delegations of select corporate and higher education representatives targeting ...
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Andrew Wahl - 1 Comment »
Cheng Siwei, the former vice-chair of the Standing Committee of the National People’s Congress, has long been an influential player in China’s now-three-decade-long process of economic reform.
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Joe Chidley - No Comments »
“We are in the midst of a sea change in U.S. hegemonic influence in political, financial and economic spheres. American financial, economic and political power has peaked,” writes Sherry Cooper, chief economist with the BMO Financial Group (as quoted in Jeff Sanford’s column). Really? Is it all that bad?
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Larry MacDonald - 2 Comments »
The crude-oil bull will not be brought down easily. The price of a barrel is edging up today despite Saudi Arabia’s pledge yesterday to raise production, reports the Associated Press. And this comes on top of news last week of a 17% increase in China’s subsidized gasoline prices and a ...
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Larry MacDonald - No Comments »
A recent article (registration required) in the McKinsey Quarterly by Thomas Luedi, a principal in McKinsey's Shanghai office, points out the tremendous growth in foreign acquisitions made by Chinese firms. According to the report, foreign direct investments made by Chinese companies increased tenfold from 2003 to 2007. Although, measured as ...
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Alex Mlynek - No Comments »
Chinese inflation is getting out of hand and the repercussions for the global economy may not be pretty.
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Larry MacDonald - No Comments »
