China

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Engine failure in China

BEIJING | There’s a huge debate on what’s more appropriate for China: stimulus plans, sound investment or consumption incentives, to avoid the feared hard landing of its economy now that the Chinese model of development seems to be exhausted. The recipe was first applied in coastal areas. Due to its success it was later reapplied in the West to encourage a massive urbanization across the country. Unfortunately, the economic crises…


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Weekend link fest

A curated selection of links we hope can enlighten us all; some come from our corner, some do from other corners of the net. And as always, our comment widgets are anxious to get your suggestions. How a company becomes a listed company like, let’s say, Facebook Can London pay for the Olympic Games? We give you Mr Hollande Don’t miss how much Africa is growing Hollande tax makes London look…


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Chinese and Mexican rain of investments come to Spain

By Julia Pastor, in Madrid | China and Mexico made Spain’s day on Friday. Both countries announced several contracts with Spanish companies in very different sectors, injecting some movement in foreign investment flows into the lately much battered euro economy. While China signed agreements for an amount of €500 million, the Mexican oil company Pemex reported it will invest €247 million in Galicia’s naval sector. In his official trip to…


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Euro zone exporters should look beyond Chinese demand for growth

LONDON | The euro area continued to run a small trade surplus up to March. This is encouraging on account of stronger import prices, led by energy, in the first quarter of the year. But a closer look into the volumes suggests that import volumes are weakening. Estimates from Barclays Capital analysts put the declining at around 1% in January to March 2012 from the same period in 2011, after a…


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Chinaempleo bridges Chinese labor market and Spanish speaking countries

BEIJING | In a rather competitive environment like China, the Spanish CEO Pedro Fajardo managed to be the very first one in his field by identifying a  niche with a big market such the Spanish language. With 100% Spanish capital and without relying in external financial sources, he built Chinaempleo.com by using savings, bank lending as well as revenues from their site and advertising. In less than 2 years the site…


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China’s PMI: reading between the lines

BEIJING | The question on whether China’s economy is expanding or contracting is like answering whether the glass is half full or half empty. The positive official reading signals that there’s no need to worry. With its PMI index calculated after a sample of more than 800 big (and state-owned) companies, PMI is on the rise and above the 50% for the fifth consecutive month. Conversely, HSBC’s reading doesn’t seem to…


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Weekend link fest

A curated selection of links we hope can enlighten us all; some come from our corner, some do from other corners of the net. And as always, our comment widgets are anxious to get your suggestions. Oh no, one more bubble!!! The problem with the euro: it isn’t sexy We need oil speculators, actually Derivatives are dangerous, how many times do we have to say this? China has workforce difficulties, too…


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Wenzhou, China’s liberal experiment

BEIJING | The rise and fall of the entrepreneurial community in the Chinese city of Wenzhou, Zhejiang province, is an example of the consequences attached to moves such lowering the GDP growth under the 8% without coupling this measure with an strategy that ensures a sustained level of growth. Known by its entrepreneurial society, the city’s businessmen panicked when they couldn’t repay the money they borrowed in the first hand to…


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Meet the 2020 Chinese consumers: they will transform their economy

BEIJING | By the year 2020, private consumption will account for a 45% of the GDP (33% in 2010) becoming the main driver of growth of the Chinese economy. This significant increase will be due to a change in consumption patterns, as it is noticed in a report recently released by McKinsey consultancy group “Meet the 2020 Chinese consumer”. But how to fit consumption into the busy schedule of the ideal…


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China can no longer ignore its economic weaknesses

BEIJING | China’s belief that its model of development is legitimate is grounded on the fact that last decades’ rampant economic growth has been possible thanks to the very characteristics that define it. The leadership was convinced that, under such path, success was granted regardless of the fact that they were ignoring certain factors linked to aperture and development. They did not consider defining points as long as there was…