It is a good read. Lots of information on China’s industries’, policy changes and development.
The special section is still ongoing.
link to 龙跃于渊 新浪财经改革开放三十年特别策划
Until today, it has 3 parts.
1. On agricultural industry
2. On heavy industry
3. On securities industry
Energy Information Administration (EIA) website is a great resource on energy-related industry.
It has a lot of information on different types of energy sources:
renewable & alternative fuels
"Forecasts & Analyses", "Geography" are very useful too.
I find that many world renowned economists actually have blogs/websites.
Yeah ! A great way to learn from these economists, especially on current economic issues.
Besides Mr. Zhang Wuchang that I mention in my previous post,
below are some of the world renowned economists that have blogs or websites.
Gary Becker’s and Richard Posner’s blog:
Nouriel Roubini’s blog:
Paul Krugman’s blog:
Project Syndicate is also a website of treasure.
On previous post, we see that to boost internal needs, China has a 10-point plan to boost internal needs, mostly through different types of infrastructure building and policy on agriculture, taxation, credits.
Came across this complementary 10-point plan by "Ministry of Industry and Information Technology of the People’s Republic of China" (MIIT) (工业和信息化部) to boost China’s internal needs.
Link on MIIT
A good read. We can see which are the industries or industries’ aspects that the China government is going to promote/encourage. This one will be more on the industries.
Related aspects/industries (refer to website for details) in summary:
1. On factor of productions like energy, transport, commodity; also on import-export, pricing, taxation, credits
2. Some projects are mentioned: 钢铁基地、百万吨乙烯、百万吨钾肥、磷复肥基地
Wow.. million tonne !
3. Equipment industry
4. Communication, Integrated System industry
5. on SME funding, credit, risk
6. IT + Industrial integration; emphasis on 汽车电子、机床电子、医疗电子
7. TD-SCDMA, IMT-Advanced
9. Fashion/apparel industry
10. Quality of corporate internal management
How will it be implemented ? Will it be effective in boosting internal needs ?
On previous post about G20, one of the bodies mentioned are Financial Stability Forum.
Let's explore Financial Stability Forum today :-)
There are some publications by category:
credit risk transfer
dealing with weak banks
highly leveraged institutions (HLIs)
implementation of standards
market and institutional resilience
offshore financial centres (OFCs)
ongoing work on sound financial systems
We can find relevant bodies here. Lots of information..
Compendium of standards
This is cool ! The "12 key standards for sound financial systems" and its issuing bodies are eye-opener. Will the "New Financial Order" (if any) be following these standards (or its variations) ?
China is going to change its export tax rebate on goods (again).
Attached in the website are 2 PDF files showing details of the change, effective on 1 December, 2008.
Excerpt: (Refer to above 2 PDF files for details)
Wow..3770 types of goods !
Found on website of "G20 Information Centre": the "Documents and Declarations G20 Leaders Summit on Financial Markets and the World Economy November 14-15, 2008, Washington DC" and other related documents.
The "Declaration of the Summit on Financial Markets and the World Economy" is available inside.
It is a great read, particularly the "Common Principles for Reform of Financial Markets" and its more detailed "action plans" part.
Its timeline: Immediate Actions by March 31, 2009; Medium-term actions.
Its "common principles for reform":
1. Strengthening Transparency and Accountability
2. Enhancing Sound Regulation
3. Promoting Integrity in Financial Markets
4. Reinforcing International Cooperation
5. Reforming International Financial Institutions
There will be lots of new regulations and standardizations, in global scale, provided a consensus can be reached.
Some of the international bodies/"guidelines" etc. that are mentioned in the documents may worth a search or understanding to get a glimpse on the future "world financial order" will be (however, the list below is not exhaustive):
- IMF, World Bank and other multilateral development banks (MDBs)
- Financial Stability Forum (FSF)
- World Trade Organization (WTO)
- WTO's Doha Development Agenda
- Millennium Development Goals
- development principles agreed at the 2002 United Nations Conference on Financing for Development
- Financial Sector Assessment Program (FSAP)
- Credit Ratings Agencies
- Basel Committee
- Financial Action Task Force
- World Bank - UN Stolen Asset Recovery (StAR) Initiative
- Organization for Economic Cooperation and Development (OECD)
- Bretton Woods Institutions
Other more general information on G20:
I always wish to compile a list of great investment/business books (at least those that I think are good) and encourage reading of those books. Better if it can be linked to online available book reviews, excerpt, content, pdf files etc..
It is again 80/20 rule: get the classics that really matters.. 20% of books covering 80% of important investment/business ideas.
Wonder whether there is an efficient/effective way of doing it.
I am trying to compile list of great investment/business books using Amazon’s "My favourites".
Will put the "My favourites" on the sidebar.
I may write some comments or blog entries in the future..
Tell me if there are other better ways.
I hope government will take this opportunity to really improve infrastructure (for examples utilities, transport, medical, education etc. ), especially for rural areas and set the stage to reduce poverty.
We can get useful information from the stimulus packages. Hopefully, we will have a glimpse of how government spending will trickle down and on what "pathway".
China’s 10-point fiscal stimulus package:
How big is the stimulus package ?
Learning new knowledge, gaining new insights are important. One of the "7 habits of highly effective peoples" is "sharpen the saw".
Is there a way we can learn the important concepts of books without reading whole books ?
Is there a more efficient way of gaining new insights ?
(Much like 80/20 rule: e.g read 20% of a book to gain 80% of its insights)
A friend of mine once told me there is this website called Business Summary.
It is a great treasure of books summary, investment and business books included.
You may wish to check it out. Previously I got the trial account which enables me to read (and download !) summaries of books for 2 days. The website will occasionally send book summaries to email account.
It may be more helpful if we know before-hand which are the good books worth reading (meaning "classics").