China didn't swipe Southeast Asia's lunch

Article Abstract:

The financial instability suffered by Southeast Asia's currencies was connected by many analysts to China's flooding of global markets with low-cost goods and its accumulation in many of its industries of excess capacity. The decline in the value of Southeast Asia's currency was seen as a result of an increase in the region's current-account deficits and decreasing global competitiveness compared to China. This economic view, however, negates home-country factors such as delays in the governments' adjustment of monetary policy, weak banking sector and inefficient utilization of capital inflows and domestic savings.

Trade Negotiations, Exports of Goods & Services, Analysis, International trade, Market share, Southeast Asia, Textiles, Currency devaluation, Devaluation (Currency), Textile fabrics

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Zhu reaffirms GDP target

Article Abstract:

Chinese Premier Zhu Rongji, recognizing the adverse effect of the Asian financial turmoil on the country's economy, has demanded for renewed efforts to achieve the aim of 8% growth in gross domestic product. The premier acknowledged the reality of deflation and vowed to resolve it by increasing the budget on infrastructure. Moreover, Zhu called for new job-placements initiatives for the unemployed while moving ahead with state-enterprise changes.

Zhu Rongji

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Stimulus policies can reinforce China's reforms

Article Abstract:

China can bolster its planned structural reforms by undertaking stimulus policies that are aimed at maintaining near-term growth. Stimulus policies advancing private companies and foreign-financed enterprises will not only result in economic growth but also further the country's overall reform missions. However, the government should take care not to make consequential mistakes in the rush to spur economic growth.

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