Asia Economic Weekly
亚洲经济周报
Issue No. 11
（2014.03.21-2014.03.28）
Highlights: China and the European Union officially launched the
negotiation for bilateral investment agreement in January, marking
significant steps in system construction of economic and trade
cooperation. President Xi Jinping has started the visit to four European
nations and EU headquarters recently and it is no doubt that the important
visit, which may record in the history of China-European relations, would
have positive impact on the negotiation for China-EU investment
agreement.
Research and Training Institute
Boao Forum for Asia
博鳌亚洲论坛研究院
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【Weekly Review】
International Business Daily: It’s Time to accelerate negotiation
on China-EU Investment Agreement China and the European
Union officially launched the negotiation for bilateral investment
agreement in January, marking significant steps in system
construction of economic and trade cooperation. President Xi
Jinping has started the visit to four European nations and EU
headquarters recently and it is no doubt that the important visit,
which may record in the history of China-European relations, would
have positive impact on the negotiation for China-EU investment
agreement.
【Economic Developments】
China: HSBC Purchasing Managers' Index (PMI) fell to an
eight-month low
China: 2014 central budget to be used in seven ways
Japan: FY 2014 budget to hit a record high
Japan: To set up limits-relaxed national strategic special zones
Japan: To approve new rules on arms export and ease arms
export ban
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Japan: IPO fundraising hits 7-year-high in 2013
South Korea: Per-capita gross national income (GNI) exceeded
US$26,000 in 2013
South Korea: The producer price index (PPI) slid 0.9 percent in
February
Hong Kong: Exports decline for second month year-on-year
Taiwan: Unemployment rate edged down to 4.05 percent in
February
Vietnam: GDP grows 4.96 percent in Q1 from a year ago
Russia: Capital outflow seen about $70 billion in Q1
U.S.: Manufacturing Purchasing Managers Index slipped to 55.5
in March
Euro zone: Current account surplus rose to a record high in
January
U.K.: Signs of balanced economic growth been emerging
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【Trade & Investment】
China: Trade in international services saw a deficit of 58.5
billion yuan in February
China, Africa: Trade totaled $200 billion in 2013, hitting a
record high
China, Europe: Reach an agreement on anti-dumping and
anti-subsidy probe into wine
South Korea: To build giant casino, meant to 'appeal primarily
to Chinese'
【Regional Cooperation】
U.S., E.U.: Progress made in free trade talks but no substantive
outcomes
China, Netherland: Build the first food security system together
South Korea: Urged North Korea to repay loans, which more
than $960 million with capital and interest
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South Korean Deputy Prime Minister: Optimistic about
progress of talks on free trade between South Korea and China
【Authoritative Forecasts】
IMF: China support as wellspring for global economic growth
World Bank: China’s experience of urbanization is paid
attention to by the other countries
Goldman Sachs: Downgrade its GDP forecast for China to 7.3
percent
Ernst & Young: Chinese enterprises should take the initiative to
meet the carbon emissions trading
ADB: Express concern about Japanese economy
Institute of the Wall Street: Cautious about the gold market this
year
Australia media: Chinese economy would still surpass US before
the end of 2020
Fitch: Downgraded the outlook for Russia's credit rating to
negative and keep AAA credit rating on the U.S.
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