InfoAnda - Chinese officials grapple with slowdown in south

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Early reviews mixed for Watchmen | Entertainment | | 25 February 2009
Facebook takes another shot at settling privacy lawsuit | | 16 November 2012
Explosion kills at least six miners in Slovakia: ministry | 11 August 2009

Elvis memorabilia offered in online auction | Entertainment | | 17 March 2009

">Forum Views () ">Forum Replies ()

Read more with google mobile : Chinese officials grapple with slowdown in south

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Chinese officials grapple with slowdown in south By WILLIAM FOREMAN,Associated Press Writer AP - Saturday, February 28 GUANGZHOU, China - They booked a big meeting room in the five-star White Swan Hotel, invited a bunch of foreign diplomats and promised to answer questions Friday about a bold new economic blueprint for Guangdong province, China's largest factory hub. ADVERTISEMENT But at the last minute, Chinese officials nixed the plan for the Q&A session. Instead, a second-tier bureaucrat gave a dry 90-minute speech larded with the latest Communist Party slogans and buzzwords. Then, he hurried away, saying he had another appointment. It was a good example of how the global economic crisis has seemed to unnerve many Chinese officials in this once-booming, freewheeling part of China. For the past 30 years, they've grown used to boasting about eye-popping, double-digit economic growth. Their biggest worries have been making sure enough labor, energy and raw materials were getting to the thousands of factories they lured here from America, Europe and elsewhere in Asia. But now officialdom is facing a steady stream of bad news. Last year, the government said, about 62,400 businesses _ mostly small and medium-size factories _ shut down in Guangdong, and more are expected to collapse in the coming months. About 20 million migrant workers _ 15 percent of the nation's total _ lost their jobs last year, and masses of them are roaming the region looking for work. Ragged groups of migrant workers pull their luggage along the major roads in Guangdong's capital, Guangzhou, once known as Canton. Many laborers camp out in public parks as they await word on jobs. Migrant worker Huang Fumei and two of her friends were living on a stone park bench near Guangzhou's financial district. She said she arrived four days ago and first looked for factory work in the city of Dongguan, about an hour train ride south. But there were no openings, so she came to Guangzhou and was hoping a friend would call with some new job leads. "I'm thinking about going back home," said Huang, 28, from a village outside the eastern city of Nanjing. "But there's no work back home on the farm either. We're in the middle of a long drought and nothing is growing." The global economic woes have walloped Guangdong especially hard, because the province produces one-third of China's exports. Factories in the province's Pearl River Delta region _ close to Hong Kong _ make everything from Honda sedans to Barbie dolls, iPods and Nokia phones. About 40 percent of Guangdong's exports go to the U.S. Guangdong's export growth tumbled to 5.6 percent last year, compared to 22.3 percent in 2007, the government said. In recent weeks, leaders of prosperous Guangdong cities including Shenzhen and Dongguan have announced economic growth estimates for 2009 that are the lowest in three decades. Shenzhen, which had average annual growth of 27 percent between 1980 and 2006, forecast growth of 10 percent this year. Despite the economic turbulence, Guangdong will push ahead with a sweeping 12-year blueprint to revamp the province's economy, said Yu Yunzhou, deputy director general of the Guangdong Development and Reform Commission. Yu was the official who spoke to diplomats and journalists on Friday but declined to hold the 40-minute question-and-answer session promised on the event's invitation. "The global economic crisis continues to spread in our country," Yu said. "Our province, especially the Pearl River Delta area, is facing some tough challenges." But Yu said that Guangdong has been the nation's economic vanguard since China began opening up 30 years ago and let the province be the first to experiment with market reforms. He said it was Guangdong's job to lead the country with more innovative, high-tech and heavy industries. The economic blueprint, which is short on detail, calls for moving away from light industry _ such as toys, textiles and shoes _ and expanding the automotive, petrochemical, steel, nuclear, wind power and shipbuilding industries. "The plan looks gigantic," said Li Kui-wai, and economics professor at City University in Hong Kong. Guangdong might be able to pull off the overhaul if it can find enough capital, he said. But a major challenge will be relocating light manufacturers to other areas without causing upheaval and unrest. The professor also wondered whether economic planners were being practical considering the ongoing financial turbulence overseas. "Are they being realistic when looking at what's happening in the world?" Li said. "Are they using this plan as an instrument to overshadow the problems in Guangdong?" Email Story IM Story Printable View Blog This Recommend this article Average (1 vote) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy US-BUSINESS SummaryReuters - Saturday, February 28 Economy moving in reverse faster than predictedAP - Saturday, February 28 Banks and economy to keep bears' grip on stocksReuters - Saturday, February 28 Wall St Week Ahead-Banks, economy to keep bears' grip on stocksReuters - Saturday, February 28 Related Articles: Business Micron makes offer to Taiwan's ailing DRAM - reportReuters - 1 hour 26 minutes ago Pakistani cenbank sells 10 bln rupees of T-billsReuters - 1 hour 49 minutes ago Malaysia does u-turn on expressway toll hike - paperReuters - 2 hours 40 minutes ago US-BUSINESS SummaryReuters - Saturday, February 28 Britain's HSBC plans $17 billion share sale: reportReuters - Saturday, February 28 Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed RBS posts record British loss, offloads toxic assets Obama drives reform with 3.55-trillion-dollar budget Supermodel Bundchen ties knot with football star Brady Citigroup, US Treasury reach deal on government stake Japan faces deepening recession View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Saturday, 28 February 2009
Fidel Castro walks in Havana streets, Chavez says | International |
U.S. says Mexico makes progress against drug cartels | International |
Afghan FM urges U.S. to engage with Iran on conflict | International |
Karadzic to make plea after prosecutors file indictment | International |
Hariri to shun unity Lebanon govt if Hezbollah wins poll | International |
Russia blames OSCE for not preventing Georgia war | International |
Obama In Favor Of Giving Marijuana Jurisdiction To States
Wells Fargo Suspends Executive Bonuses On Weak 2008 Performance
Update: Obama Says U.S. Combat Mission In Iraq Ends August 2010
Curious Octopus Opens Control Valve, Floods Aquarium
Tennessee Convenience Store Manager Behind Bars After Officers Find Pot Farm In Office
ACLU Praises Senate Panel For 'Unprecedented Review' Of CIA Interrogation Program
Memphis Teen Sisters Fight Off Attacker; Man Jailed For Soliciting Rape, Aggravated Assault
Private Crichton College Bucks Trend Announces Tuition Decrease
Obama To Meet With Australian Prime Minister Kevin Rudd About Afghanistan, Economy
Sears To Close 24 More Stores Following Drop In Q4 Earnings
Ed McMahon ill with pneumonia | Entertainment |
Jonas Bros. movie may foretell an end to innocence | Entertainment |
Leonardo Codex reveals youthful self-portrait | Entertainment |
Mugabe To Hold Lavish Party For 85th Birthday
Curious Octopus Opens Control Valve, Floods Aquarium
Greenpeace Urges U.S. To Shift To Recycled Material For Toilet Paper
Tennessee Convenience Store Manager Behind Bars After Officers Find Pot Farm In Office
Memphis Teen Sisters Fight Off Attacker; Man Jailed For Soliciting Rape, Aggravated Assault
Obama sets firm date to end Iraq war he inherited
Bangladesh army reaffirms support for government | International |
U.N. prosecutor pledges to pursue Hariri case to end
Jodie Foster Caught Speeding By Police And Reality TV Crew
Turkish pilots say turbulence likely reason for crash | International |
US troops say Iraqis ready for Obama timetable
Iraqi doctors treat the wounded in Jordan
Mexico's Pemex declares 7 bln dollar loss
FACT CHECK: Obama's changing Iraq timetable
Activists warn US lawmakers of uranium mining perils
U.S. citizen stabbed in Cairo tourist area | International |
Gates prefers small US force in Iraq after 2012
US government takes up 36 percent of Citi
U.N. prosecutor pledges to pursue Hariri case to end | International |
Netanyahu and Livni fail to agree on coalition
US economy shrinks stunning 6.2 percent
U.S. pairs B-2 bombers, F-22s in Guam for first time | International |
Supermodel Bundchen ties knot with football star Brady
Lebanon rejects freeing suspects in Hariri killing
Iraq appeals for foreign oil expertise
Hill to be new US ambassador in Iraq
Amazon to allow disabling of Kindle 2 audio | Technology |
Louisiana FEMA Chief Reassigned Amid Staff Complaints
US will not take part in UN racism conference: officials
No More Medical Marijuana Raids For DEA
Obama: U.S. Troops Won't Stay Long In Afghanistan
New US envoy to Iraq is shrewd, tackles thorniest issues
US-TECH Summary
Schwarzenegger Places Drought-Stricken California Under State Of Emergency
Obama pledges no long-term Afghan designs
Obama Fan Under Arrest For Mailing HIV-tainted Blood To President, Aide
Amazon to allow disabling of Kindle 2 audio
Obama says no 'long-term' Afghan presence
UPS CEO: Free Trade Is Bailout To Economic Crisis
Hearst plans electronic reader for magazines: report
US military deaths in Afghanistan region at 588
Feb 27 Highlights Of Low Points In U.S. Economy
Yahoo paid $79 million to financial advisers
James Dobson Stepping Down As Focus On Family Chairman
US military deaths in Iraq war at 4,252
Wall Street Slides On GDP Data, Citi Concerns
'Couldn't care less' about meeting Obama: Chavez
Brazil-based militant makes case against Italy extradition
Chavez clashes with US on human rights
Amsterdam air crash dead identified
Suspected al Qaeda operative charged in U.S. court
Rihanna and Chris Brown reported back together | Entertainment |
Jennifer Hudson calls music therapy after family deaths | Entertainment |
Lionel Richie still on the Go after 30 years | Entertainment |
Publishers dust off vintage songs for new audiences | Entertainment |
Singer Allison Iraheta a child of Idol | Entertainment |
China approves food safety law: state media
ASEAN to sign discounted oil deal: official
Malaysia reverses move to raise tolls amid protest
Sri Lanka troops enter last rebel stronghold: military
Tibetan monk reportedly sets self on fire, shot
Hollywood team in Iran on cultural exchange
China, US begin day two of military talks
Oscar-winner Penn hopes to take 'Milk' to White House
ASEAN plans early warning system
Micron makes offer to Taiwan's ailing DRAM
Banderas to join Freida Pinto in new Woody Allen pic
SEAsian human rights body lacks powers: draft
Pakistani cenbank sells 10 bln rupees of T-bills
Pakistan opposition chief warns of dangerous chaos
Thai Airways posts huge loss in 2008
ASEAN plans early warning system to avoid conflict
Nissan to cut costs by skipping some auto shows
Thai, Cambodian PMs meet as border tension eases
World-famous British restaurant shuts in poisoning scare
Sony centers power at top in Stringer
Bruce Willis being sued for $4 million
Chinese officials grapple with slowdown in south
France's Cesars hail "Seraphine" best film
US-ENTERTAINMENT Summary
Publishers dust off vintage songs for new audiences
Source: Ed McMahon hospitalized with bone cancer
Rihanna and Chris Brown reported back together
Lionel Richie still on the "Go" after 30 years
Singer Allison Iraheta a child of "Idol"
Reports: Tom Brady, Gisele Bundchen married
No More Medical Marijuana Raids For DEA
U.K. Police Hunting 'Radioactive' Principal Wanted For Child Pornography
Obama Fan Under Arrest For Mailing HIV-tainted Blood To President, Aide
Workshop explosion injures 6 in Turkey
Pakistan says wins key region on Afghan border | International |
British-Tunisian journalist held in Sudan
Man held in Cairo stabbing had attacked before: agency | International |
Rocket fired from Gaza reportedly hits Israeli school
Volkswagen to cut all temporary staff
Consensus emerges in Congress for Obama Iraq plan
Mugabe says Zimbabwe land seizures will continue | International |
Pakistan in key victory over Taliban in Bajaur
Ban calls for closer Congo-U.N. collaboration | International |
Iraq's ailing farm sector more crucial than ever
Abbas, Hamas signal first dispute over unity talks | International |
ASEAN agrees measures to ease economic crisis: draft | International |
At least 37 still missing in Australia fires: army | International |
Japan foreign minister flies into Chinese storm | International |
U.N. urges Somalis overseas to back peace process | International |
American in Egypt attacked near bomb site
Drought Prompts Schwarzenegger To Declare State Of Emergency
Depeche Mode debuts season-pass model on iTunes | Technology |
Thailand's exiled ex-leader cancels Hong Kong talk
Pakistan general says Taliban 'lost' border region
Second mass grave found after Bangladesh revolt
Japan FM in China for talks
NKorea warns again of conflict on Korean peninsula
Japanese foreign minister in China for talks
US praises China anti-piracy role off Somalia
Malaysian police detain 17 ethnic Indian activists
10 more bodies found at Bangladesh mutiny site
Hong Kong actress enraged by leaked sex photos
Haring or not, huge painting on sale for 99 cents
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01