The second Part of Dr. Cheng Xiaonong’s report regarding China’s economy, broadcast on Sound of Hope Radio.
Chinese officials have admitted that the impact of the global financial crisis on China’s economy is underestimated.
Part I of Dr. Cheng Xiaonong’s report regarding China’s economy, broadcast on Sound of Hope Radio on December 17.
On December 15, the “Three Direct Links” was officially restored between mainland China and Taiwan.
Chinese democracy advocate Wei Jingsheng stated that many of the current economic problems stem from China being a major contributor to the global free market.
Sanlu, purveyor of the melamine-tainted milk that poisoned tens of thousands of children, has filed for bankruptcy.
Wenzhou is the primary manufacturing center in China, where some 300,000 manufacturing companies, which comprise 34 industrial manufacturing groups, are based.
The three figures that describe imports and exports, PPI (producer's price of industrial products) and the latest GDP released by the Chinese regime on Dec. 10 showed a trend of slowdown.
China’s thermal power industry is set to post losses of over 70 billion Yuan (US$10.18 billion) in 2008...
Investors are speculating that China may depreciate the Yuan, as its value versus the dollar has fallen.