China’s Official Think Tank Releases ‘383 Scheme’ for Future Reforms

Nov. 5 – The Development Research Center (DRC) of China’s State Council, which is known as the official think tank of China, recently released the “383 Scheme” for the Third Plenary Session of the …

GIBS Information Centre / GIBSIC‘s insight:

China – 383 scheme:

Innovation system

  • Creating a market environment with less government intervention and more market regulation and toleration in a new technology and business mode

Openness to outside world (especially in service sector)

  • Open energy, telecom, and financial industries to competitive foreign investors
  • Use “negative list” in industry access and unify laws that regulate domestic investments and foreign investments in China to build a fair and competitive market environment
  • Lessen upfront examination and approval procedures for foreign investment
  • Improve the export tax refund system, implement structural decreases in tariffs, and escalate the establishment of free trade zones (i.e. most recently, the China-Japan-Korea FTA)

– See more at: http://www.china-briefing.com/news/2013/11/05/chinas-official-think-tank-releases-383-scheme-for-future-reform.html#sthash.5uWE6nk4.dpuf

See on www.china-briefing.com

The geopolitics of African resources: China plotting to tap them in new, ‘de-Americanized world’ | World Tribune

GIBS Information Centre / GIBSIC‘s insight:

China, Africa – geopolitics : “On Oct. 13, 2013, the official Xinhua news agency published an official commentary stating that “it is perhaps a good time for the befuddled world to start considering building a de-Americanized world”. The commentary surveyed the “abuse” the entire world had suffered under U.S. hegemony since World War II. The situation had only aggravated since the end of the Cold War, Xinhua argued. “Instead of honoring its duties as a responsible leading power, a self-serving Washington has abused its superpower status and introduced even more chaos into the world by shifting financial risks overseas.” To further its own unbridled ambitions, the U.S. stoked “regional tensions amid territorial disputes, and fighting unwarranted wars under the cover of outright lies”, Xinhua explained.   –   The Xinhua commentary warned that with U.S. society and economy collapsing, Washington was now tempted to intensify the abuse of the rest of the world in order to save the U.S. “Such alarming days when the destinies of others are in the hands of a hypocritical nation have to be terminated. A new world order should be put in place, according to which all nations, big or small, poor or rich, can have their key interests respected and protected on an equal footing.” Xinhua concluded by suggesting that the PRC, being inherently a developing country, is the rising power best suited to lead this global transformation and de-Americanization.”

See on www.worldtribune.com

China’s Outbound Investment – It’s Going into Asian Infrastructure Development

Western MNCs need to be more savvy about Asia if they want to participate Op-Ed Commentary: Chris Devonshire-Ellis Oct. 8 – It’s been a busy week for Chinese politicking as the nation has enjoyed i…

GIBS Information Centre / GIBSIC‘s insight:

China, Asia – “But if Asia is the next big thing, how can Western companies participate? Clearly, that growth in middle class consumerism to 1.75 billion people across Asia by 2020 is going to be a huge draw for Western corporations that “make stuff.” However, if you’re not familiar with Asia, then you need a base to start. Singapore is probably the most logical – it’s the center of ASEAN, houses the APEC secretariat and is the de facto regional services, finance and intelligence hub for Asia. It also has a low tax rate – 17 percent profits tax on corporations. It also possesses, through its membership of ASEAN, free trade agreements with both China and India, a whole raft of bilateral double tax treaties with many countries around the world and a free trade agreement with the United States. “

See on www.china-briefing.com

China, Kenya sign deals worth $5bn | The BRICS Post

China says it will also increase imports from Kenya to balance the trade deficit.

GIBS Information Centre / GIBSIC‘s insight:

China – Kenya

“British officials had warned before the election that it would have only “essential contact” with Kenyatta if he was voted into power.   “Choices have consequences,” warned US Secretary for African Affairs Johnnie Carson in reference to Kenyatta before Kenyans went to vote in the crucial elections.   –   East-Africa’s biggest economy recently discovered large reserves of oil and gas, and according to the International Monetary Fund (IMF), the country’s GDP will grow at 5.6 per cent in this year.”


See on thebricspost.com

Innovation is now a strategic priority for China

See on Scoop.itBusiness education @GIBS

Innovation is now a strategic priority for China People’s Daily Online Leading multinational corporations like Siemens, General Electric, Proctor & Gamble, PepsiCo and Nokia have ramped up their China innovation centers, tasking them to create…

ChezINFO!‘s insight:

strategic priority – China

See on english.peopledaily.com.cn

Latin American economy resouces

The Brookings Institute has jsut released it latest Latin America Economic Perspectives report.  The full report can be downloaded from http://tinyurl.com/33uhfkp.

Another interesting resource is TIGER (Tracking Indexes for the Global Economic Recovery). This is a set of composite indexes which track the global economic recovery and is a collaboration between The Brookings Institute and the FT.

Available in TIGER is an interative map which gives country performance information on real economy and financial and confidence indicators.  TIGER also tracks the the performance of key indicators across groups of advanced economies, emerging markets and a composite total.

To access TIGER go to http://tinyurl.com/335ugg8