BRIC - China
497C0054陳盈存
497C0057謝欣偉
497C0112張家惠
497C0113林凱琳
What is BRIC?
• In economics, BRIC (typically rendered as
"the BRICs" or "the BRIC countries") is an
acronym that refers to the fast-growing
developing economies of Brazil, Russia,
India, and China.
Investopedia explains Brazil, Russia, India And China - BRIC
The BRIC thesis posits that China and India will become the world's dominant
suppliers of manufactured goods and services, respectively, while Brazil and Russia
will become similarly dominant as suppliers of raw materials.
It's important to note that the Goldman Sachs thesis isn't that these countries are a
political alliance (like the European Union) or a formal trading association - but they
have the potential to form a powerful economic bloc.
BRIC is now also used as a more generic marketing term to refer to these four
emerging economies.
Due to lower labor and production costs, many companies also cite BRIC as a source
of foreign expansion opportunity.
金磚四國假定的文章指出，中國和印度將成為世界的主要製成品和服務
供應商。而巴西和俄羅斯將成為主要的原料供應商。 重要的是要注意，
Goldman Sachs的論點不是這些國家的政治同盟（如歐盟）或正式貿易協
會-但它們有可能形成一個強大的經濟集團。金磚四國現在也被用作一個
更通用的營銷術語來指這4個新興經濟體。
由於產品與勞工花費較為低價，許多公司也視金磚四國為擴展異國版圖
資源的大好機會
From: http://www.investopedia.com/terms/b/bric.asp
Taiwan banks pleased about signing of MOU with China (2009/11/18)
Many legislators weren’t happy about the hasty signing of a financial
supervisory memorandum of understanding between Taiwan and
China, but Taiwanese bankers were all smiles on Wednesday. Seven
Taiwan-based banks have been waiting for the signing to be
completed so that they can open up full-service branches in China.
According to the financial supervisory memorandum of
understanding that will come into effect on Jan. 15, Taiwan-based
banks that have had liaison offices in China for more than two years
will be permitted to establish full-service branches. Currently, seven
banks are ready to move.
Liu Teng-cheng
Taiwan Cooperative Bank
The MOU is very good, said Taiwan Cooperative Bank Chairman Liu
Teng-cheng. We can set up branches in China. We already have
everything prepared.
Financial Supervisory Commission Chairman Sean Chen responded
to concerns from financial experts that the larger Chinese banks
could begin squeezing out smaller Taiwanese banks. He said that in
the past the amount of credit that foreign banks could extend was
calculated using the net equity of the banks’ headquarters. But for
Chinese banks the FSC will use the net equity of branches as the
benchmark.
According to the financial supervisory
memorandum of understanding (MOU) that will
come into effect on Jan. 15, Taiwan-based
banks that have had liaison offices in China for
more than two years will be permitted to
establish full-service branches. Currently, seven
banks are ready to move.
兩岸金融備忘錄(MOU)已經簽定，明年1月15日正式生效後，已經在中
國有辦事處超過兩年的我國銀行就可以向中國遞件設立分行，國內有7
家銀行已經蓄勢待發。
Vocabulary
Supervisory
監督的，管理的
memorandum of understanding (MOU)備忘錄
liaison offices
辦事處
Financial Supervisory Commission Chairman Sean
Chen responded to concerns from financial experts
that the larger Chinese banks could begin squeezing
out smaller Taiwanese banks. He said that in the past
the amount of credit that foreign banks could extend
was calculated using the net equity of the banks’
headquarters. But for Chinese banks the FSC will use
the net equity of branches as the benchmark.
針對MOU簽訂後，有專家擔心中國的銀行駐點台灣後，會挾帶大量資
金，產生「以大吃小」情況，金管會主委陳沖表示，按照過去規定，
外商銀行信額度是以「總行的淨值」計算，不過針對中國的銀行，他
將請金管會把相關規範修改為「以分行的淨值計算」。
Vocabulary
Financial Supervisory Commission Chairman金管會主委
squeeze out 擠壓、搾取
equity
淨值
headquarters 總部
branch
分部
benchmark 基準
Growth in Chinese manufacturing Sunday, 1 November 2009
CHINA'S MANUFACTURING SECTOR GREW IN OCTOBER AT ITS
FASTEST RATE IN 18 MONTHS, A SURVEY HAS SUGGESTED.
The purchasing managers index (PMI) from the state-sanctioned China
Federation of Logistics and Purchasing rose to 55.2 from 54.3 in September.
The survey is a further sign of the strength of the recovery in the Chinese
economy, which grew at an annual rate of 8.9% between July and September.
"These figures show that China's economic growth will accelerate in the
future," said Zhang Liqun, an economist at the State Council Development
Research Center.
China's strong recovery has been aided by government stimulus packages,
similar to those put in place by other major world economies.
"China's recovery has been impressive, but has been heavily reliant on
government-directed investment," said Brian Jackson at the Royal Bank of
Canada in Hong Kong.
But economists believe that even without state aid, China's economy will
now enjoy robust growth.
"External demand will provide an additional source of support for growth in
the months ahead," said Mr Jackson, before adding that the government
may begin scaling back its support "from early 2010".
Germany, France and Japan all returned to growth between April and June.
From:http://news.bbc.co.uk/2/hi/business/8336695.stm
China's manufacturing sector grew in October at its fastest
rate in 18 months, a survey has suggested.
報導指出，中國的製造業從十月以來的這18個月以最快的速度在成長
The survey is a further sign of the strength of the recovery in the
Chinese economy, which grew at an annual rate of 8.9% between
July and September.
這份調查也顯示出中國經濟復原力的強韌，年利率在七月~九月間就達到了8.9%
Vocabulary
Manufacturing製造業、工業
Sector
方面、部分
"China's recovery has been impressive, but has been heavily
reliant on government-directed investment," said Brian
Jackson at the Royal Bank of Canada in Hong Kong.
Brian Jackson指出，中國的復原能力令人印象深刻，但，中國經濟
十分仰賴政府的直接投資。
External demand will provide an additional source of support
for growth in the months ahead," said Mr Jackson, before
adding that the government may begin scaling back its
support "from early 2010".
Mr Jackson說：「在未來數月，外部需求將會提供額外的增長來源。」
補充說明前者，政府可能會開始縮減其來源”從 2010年年初”。
Vocabulary
Reliant 依賴的、有信心的
External 外部的
Thank you