CINA: SECONDA ECONOMIA MONDIALE

Posted by : Alessandro.Fioretti ::: on Monday, August 02, 2010 - 02:54 NT ::: 136 Reads

2 Agosto 2010

La Cina ha superato il Giappone ed è diventata la seconda economia mondiale, dietro gli Usa. Lo annuncia Mr. Yi Gang, responsabile dell'ufficio cambi cinese.

"La Cina - dice Yi in un'intervista alla rivista China Reforme, pubblicata sul sito web dell'ufficio cambi - è già la seconda economia mondiale".

Già nel 2009 la Cina era vicina a sorpassare il Giappone e, secondo una serie di previsioni della Banca Mondiale, di Goldman Sachs e di altri, a seconda dell'andamento dei suoi tassi di cambio, potrebbe superare gli Usa e diventare la prima economia mondiale nel 2025. Il Pil cinese da 30 anni è in rapida crescita, anche se il Pil pro capite è ancora nettamente inferiore a quello di Usa e Giappone. "La Cina - spiega Yi a chi gli chiede se ritenga sia arrivato il momento per lo yuan di diventare una moneta internazionale - è un paese emergente e dovremmo essere abbastanza accorti per sapere quello che facciamo". Secondo Yi il Pil cinese nel primo semestre del 2010 è cresciuto dell'11,1% annuale e probabilmente si attesterà al 9% quest'anno. Dal 1978 la Cina registra una crescita media del Pil del 9,5%, ma secondo Yi ora e' il momento di rallentare un po' la corsa e un buon risultato potrebbe essere una crescita tra il 7% e l'8% per i prossimi 10 anni. La Aie, l'Agenzia internazionale dell'Energia, ha già detto la settimana scorsa che la Cina ha superato gli Usa come primo consumatore mondiale di energia.

Fonte  Xinhua

China decides to further reform RMB exchange rate regime

Posted by : Alessandro.Fioretti ::: on Wednesday, June 23, 2010 - 10:58 NT ::: 79 Reads

The People's Bank of China, China's central bank, has decided to proceed further with the reform of the Renminbi exchange rate regime to enhance the RMB exchange rate flexibility, a spokesperson of the central bank said Saturday.

The decision was made in view of the recent economic situation and financial market developments at home and abroad, and the balance of payments (BOP) situation in China, the spokesperson said in a statement.

In further proceeding with the reform, continued emphasis would be placed to reflecting market supply and demand with reference to a basket of currencies. The exchange rate floating bands will remain the same as previously announced in the inter-bank foreign exchange market, the spokesman said.

The spokesperson said China's external trade is becoming more balanced. The ratio of current account surplus to GDP, after a notable reduction in 2009, has been declining since the beginning of 2010.

"With the BOP account moving closer to equilibrium, the basis for large-scale appreciation of the RMB exchange rate does not exist," the spokesperson said.

The PBOC will further enable market to play a fundamental role in resource allocation, promote a more balanced BOP account, maintain the RMB exchange rate basically stable at an adaptive and equilibrium level, and achieve the macroeconomic and financial stability in China, the spokesperson said.

China has moved into a managed floating exchange rate regime based on market supply and demand with reference of a basket of currencies since July 1, 2005.

The spokesperson said the reform of the RMB exchange rate regime has been making steady progress since 2005, producing the anticipated results and playing a positive role.

With the current round of international financial crisis was at its worst, the exchange rate of a number of sovereign currencies to the U.S. dollar depreciated by varying margins.

"The stability of the RMB exchange rate has played an important role in mitigating the crisis' impact, contributing significantly to Asian and global recovery, and demonstrating China's efforts in promoting global rebalancing," the spokesperson said.

The gradual recovery of the global economy and upturn of the Chinese economy has become more solid with enhanced economic stability. It is desirable to proceed further with reform of the RMB exchange rate regime and increase the RMB exchange rate flexibility, said the spokesperson.

Source: Xinhua

Visita all’Italian Center di Shanghai della delegazione del Ministero per le Politiche Agricole, Alimentari e Forestali.

Posted by : Alessandro.Fioretti ::: on Tuesday, January 26, 2010 - 12:02 NT ::: 624 Reads

26 Gennaio 2010 

Nel quadro della missione in Cina del Ministro delle Politiche Agricole Luca Zaia, il Presidente dell'Agenzia per la Cina Armando Tschang ha ricevuto oggi all'Italian Center di Shanghai una delegazione del Ministero composta da Fabio Gazzabin, Capo della Segreteria Particolare del Ministro Zaia, Walter Brunello, Presidente di Buonitalia ed Alessandro Romano, Segretario Particolare del Ministro

La gradita visita è stata l'occasione per un contatto diretto con le diverse aree e servizi che compongono l'Italian Center, così da comprenderne la modularità e la flessibilità operativa, in grado di adattarsi alle più varie esigenze e di poter supportare le aziende, su tutto il territorio cinese a seconda delle loro esigenze: dal semplice ufficio virtuale, fino all'ufficio corporate, dalla gestione degli eventi istituzionali, alla organizzazione di vere e proprie fiere B2B.

La delegazione del Ministero delle Politiche Agricole ha potuto così apprezzare la validità di una struttura, tutta di proprietà Italiana, in grado di essere concretamente braccio operativo per qualsiasi tipo di azione sul mercato cinese.

Con i suoi 10.000 Mq. e i suoi 6 piani, l'Italian Center rappresenta la più grande struttura italiana per il supporto al Business d'Impresa in Cina e la seconda, dopo il German Center a livello Europeo.

Attivato nel 1996, ha nel tempo già svolto una proficua azione d'incubazione per molte delle più importanti realtà italiane in Cina come il Gruppo Camozzi, Gruppo Saati, Gruppo Osama, Baimex, Gruppo Siad, Otim, Travaglini, Caimi Brevetti,Carimali e per molte delle Camere di Commercio Italiane presenti sul territorio cinese come Bergamo, Brescia, Varese, Como e Milano.

Negli anni, l'Italian Center ha anche rafforzato le proprie relazioni istituzionali con le diverse entità governative locali e nazionali cinesi.

Una credibilità creata giorno dopo giorno che ha consentito di firmare alla Agenzia per la Cina, proprietaria dell'Italian Center, importanti accordi, quale quello con l'associazione confindustriale di Shanghai e a Roma lo scorso Luglio, quello con la Camera di Commercio di Beijing sull'Agro-Alimentare, uno dei 38 accordi firmati durante la visita del Presidente Hu Jintao nel nostro paese.Ma molte altre esperienze si sono succedute in questi 14 anni all'Italian Center che ora è pronto per essere anche per il futuro, la casa del Business delle aziende Italiane in Cina, quale solido supporto per una sempre più brillante presenza del "Made in Italy" su questo mercato che promette ancora una crescita molto sostenuta per i prossimi anni.

Shanghai's GDP seen to grow strongest

Posted by : Alessandro.Fioretti ::: on Wednesday, November 11, 2009 - 10:16 NT ::: 276 Reads

2009-11-08 09:02

Shanghai's economy is projected to grow the strongest among the top 30 cities globally by 2025, PricewaterhouseCoopers LLP said yesterday in a research report.
The city is set to rise from 25th to 9th place in the global city rankings in terms of gross domestic product from 2008 to 2025, PwC said. Shanghai's economy is projected to top US$692 billion in terms of purchasing power parity, the accounting firm said.
Purchasing power parity calculations eliminate the differences in foreign exchange and price levels between countries.
"Global economic activity is concentrated in the world's largest cities," said John Hawksworth, head of macro-economics at PwC. "Looking ahead to 2025, the study sees the rise of the emerging economy cities continuing."
He said the comparison is stark between the top emerging and the top advanced economy cities in terms of growth momentum.
Between 2008 and 2025, cities such as Shanghai, Beijing and Mumbai are projected to grow at about 6 to 7 percent per annum in real terms, whereas New York, Tokyo, Chicago and London are set to grow only at around 2 percent annually on average.
Shanghai has jumped into the top 30 tier with its strong growth between 2005 and 2008, PwC said. In 2008, Beijing ranked 38th while Guangzhou in south China ranked 44th.
In 2008, the total number of emerging economy cities in the top 100 was 39, with 61 in the advanced economies. In 2025, this gap is projected to narrow sharply with 48 of the top 100 cities in the emerging economies and 52 in the advanced economies.
The largest 100 cities accounted for 30 percent of the global economy in 2008.

Source:Shanghai Daily

Il Presidente Mr.Hu Jintao in visita a Roma

Posted by : paolo.codega ::: on Friday, July 10, 2009 - 11:34 NT ::: 974 Reads

Roma, 7 Luglio 2009

Il Presidente Cinese Mr. Hu Jintao dice di considerare l'Italia un "partner strategico" e incoraggia il nostro Paese a "rafforzare i rapporti bilaterali"  e anche il Premier On.Silvio Berlusconi, davanti a circa 700 imprenditori riuniti al Forum Economico Italia-Cina, dichiara di voler far diventare l'Italia "entro tre anni" il terzo Paese per investimenti in Cina.

Alle parole sono seguiti i fatti: nella sala che, poco prima, aveva ospitato i due Leaders, sono stati firmati 38 accordi per un valore complessivo di circa 2 miliardi di USD.

Oltre a Fiat, Ansaldo-Breda, Marazzi, Mantero Seta, Mediobanca, Assolombarda e altre note aziende Italiane, e' stato firmato un accordo storico tra la China Chamber of Commerce of Import & Export of Foodstuff,Native Produce and Animal by Products e l'Agenzia per la Cina, sotto gli "occhi" del Ministro Cinese Mr. Gao Huichen e del Vice Ministro Cinese Mme Qiu Hong.

Mr.Huo Jianguo, Presidente della Camera di Commercio di Pechino e Mr.Armando Tschang, Presidente di Agenzia per la Cina , hanno firmato un memorandum d'intesa con l'obiettivo di sviluppare la collaborazione, tra l'Italia e la Cina , nel settore Agro-alimentare e per sostenere investimenti e promozione dei prodotti tipici Italiani in Cina.

Negli accordi e' previsto un Forum Economico che avra' luogo a Beijing nel 2010, allo scopo di evidenziare il patrimonio agroalimentare Italiano, con iniziative mirate, volte a caratterizzare le "eccellenze" del Made in Italy.

Lo stesso Presidente Cinese, Mr.HU Jintao, ha insistito sulla grande richiesta dei prodotti italiani dichiarando: "I vostri prodotti piacciono molto ai Cinesi".Il memorandum d'intesa siglato a Roma e' un accordo importante, che getta le basi ad operazioni concrete, come il sostegno ad aziende italiane che vogliono entrare o crescere in Cina.

La firma dell'accordo era stata preceduta dalla visita in Italia, della piu' importante delegazione dell'agro-alimentare Cinese, mai sbarcata prima nel nostro Paese:

guidata dal Presidente Mr.Huo e composta dalle aziende leader quali COFCO (conglomerata con un giro d'affari di circa 160 Miliardi di Euro), ZJCOF rappresentata dal Chairman of the Board, Tianjin Food Imp.& Exp. Co.Ltd., EEI Universe dello Zhejiang, Dalian Xinnuo dal Liaoning, Yi Xing Leather dal Guangdong, sono stati accompagnati da Armando Tschang presso alcune aziende Lombarde ed Emiliane leaders del mercato alimentare, gli incontri si sono conclusi con importanti accordi commerciali.

China to create 3M jobs in light industry

Posted by : paolo.codega ::: on Tuesday, May 19, 2009 - 03:52 NT ::: 332 Reads

China to create 3M jobs in light industry

BEIJING -- The State Council, China's Cabinet, Monday announced that it would endeavor to create 3 million new jobs in light industry in the coming three years by boosting domestic demand.

The State Council in February unveiled initial plans to boost light industry in a bid to buoy the economy together with the 4-trillion-yuan (US$586 billion) stimulus package presented in November and nine other specific industry stimulus plans including petrochemicals, textiles and other sectors.

The General Office of the State Council presented the detailed light industry stimulus plans Monday on its website www.gov.cn.

The government would give financing support to small and medium-sized light industry companies with good development potential in a bid to create more jobs, according to the plan.

The industrial output of the light industry stood at 2.62 trillion last year, accounting for 8.7 percent of GDP. Total exports reached US$309.2 billion, accounting for 21.7 percent of the national total last year.

The production volumes of more than 100 types of Chinese light industry products, including home appliances, plastics, furniture and others were the world's highest.

The industry employed around 35 million workers by the end of 2008.

Chinese light industry has felt the pinch from the global economic downturn and waning export demands since last year.

Since February 1, an estimated 900 million Chinese rural residents were eligible for a rebate of 13 percent on the prices of home appliances, in a move by the government to boost domestic sales of light industry products.

These products include color TV sets, refrigerators, freezers, mobile phones, washing machines, computers, water heaters, motorcycles, air conditioners and others.

"China will beef up efforts to bolster innovation and industrial upgrading of the light industry, aiming to foster 10 light industry conglomerates whose annual sales will exceed 15 billion yuan," according to the plan.

China's imports

Posted by : paolo.codega ::: on Tuesday, May 12, 2009 - 05:36 NT ::: 366 Reads

China's imports and exports declining trend stabilizes in Q1 
 

According to customs statistics, the total value of China's imports and exports in March this year amounts to 162.02 billion USD, down 20.9 percent year-on-year. Exports in March dropped 17.1 percent year-on-year to 90.29 billion USD, and imports fell 25.1 percent year-on-year to 71.73 billion USD. The trade surplus in March was 18.56 billion USD, up 41.2 percent year-on-year.

The declining trend for China's imports and exports has stabilized in the first quarter of this year as a result of the reduced year-on-year decline in imports and exports in March.

China recorded a total import and export value of 428.74 billion USD in the first quarter, down 24.9 percent year-on-year, with exports dropping 19.7 percent from last year to 245.54 billion USD, and imports dropping 30.9 percent from last year to 183.2 billion USD.

This rate of decline is 2.3 percentage points lower than the first two months' year-on-year decreases. The accumulative trade surplus amounts to 62.34 billion USD, up 53.3 percent year-on-year.

Number of mainland multimillionaires

Posted by : paolo.codega ::: on Thursday, April 16, 2009 - 03:36 NT ::: 373 Reads

Number of mainland multimillionaires hits 825,000 

SHANGHAI - More than 825,000 people in China's mainland are multimillionaires, according to the Hurun wealth report released on Wednesday.

Among the wealthy, 51,000 have more than 100 million yuan, said the report.

It was the first report of its kind drafted by British man Rupert Hoogewerf, who has been compiling China's rich list since 1999.

According to the new report, the number of wealthy people with more than 10 million yuan in Beijing, Guangdong and Shanghai made up nearly half of the total.

Beijing, with a population at more than 16 million, boasts the highest number of millionaires -- at around 143,000.

The capital was followed by south China's Guangdong province, where the number of 10-million tycoons reached 137,000. The business hub of Shanghai has 116,000 such wealthy people.

The report showed that average age of the millionaires was 39, and those people fell into four categories: businessmen, those with high-profile jobs such as celebrities, those who earned money from housing trades and professional stock investors.

China starts trial

Posted by : paolo.codega ::: on Thursday, April 09, 2009 - 04:20 NT ::: 379 Reads

  China starts trial of foreign trade settlement in yuan in 5 cities

China's State Council, or Cabinet, announced a pilot program to allow exporters and importers in five cities to settle cross-border trade deals in Renminbi, or yuan.

The cities are Shanghai, Guangzhou, Shenzhen, Zhuhai and Dongguan. The latter four are all in south China's Guangdong Province.

Attendees at a State Council executive meeting Wednesday, presided over by Premier Wen Jiabao, agreed settling cross-border trade deals in yuan was important for promoting economic and trade ties between China and neighboring countries and regions.

Information about when and how the trial program will start was not available.

7° Asia-Europe Meeting

Posted by : phoebe.jiang ::: on Thursday, April 02, 2009 - 03:40 NT ::: 741 Reads