By Chris Devonshire-Ellis

Mergers and acquisitions in Asia have long been the subject of speculation; this is especially true in China, with stories of multibillion dollar deals and government interference; the most recent occasion being the failed Coke-Haiyuan deal.

As countries in the East Asia and Pacific region prepare themselves for an expected surge in joblessness resulting from the global slowdown, a ray of hope may be emerging with signs of China’s economy bottoming out by mid-2009, says the World Bank's latest half-yearly assessment of the region's economic health.

The World Bank released [April 8] its poverty assessment report for China. The report brings together findings from multi-year analytical work undertaken by the World Bank on a policy-oriented assessment of poverty and inequality in China. A distinguishing feature of the report is its effort to robustly establish key underlying facts using large-sample, and in most cases, nationally-representative data, and to provide empirically-grounded analyses supplemented with in-depth qualitative work. The work received a great deal of support from the State Council's Leading Group for Poverty Alleviation and Development, and was done in close collaboration with the National Bureau of Statistics, the Chinese Academy of Social Sciences, and a team of prominent Chinese and international researchers.

March Meeting

The March meeting of UCBC will be held Wednesday, Mar. 4, 2009. This breakfast meeting will feature a panel presentation by Mike Xiong (Co-founder of UCBC) of Thomson Reuters; Hong Cai, US Bank; and Sam Wils, US Bank. The topic will be: From Revolution to Reform to Response to Global Financial Crisis: Socialism with Chinese Characteristics'

April Meeting

The April meeting of UCBC will be held Wednesday, April 1, 2009. The topic will be China Business Travel Tips featuring speaker Melody Zhou and others CIAC Travel.

The UCBC meetings are held at Minneapolis Community & Technical College, 1501 Hennepin Avenue, Wheelock Whitney Hall, Room L3000 (3rd Floor), Minneapolis, MN 55403. 

The fee is US$20 per person.  UCBC members and college students are free.  Everyone can bring a guest who can be admitted for half price (US$10).  To register, e-mail This email address is being protected from spambots. You need JavaScript enabled to view it. or call Jim Smith at 612-8656543.

For free parking at the MCTC Ramp, please mention your name for the UCBC meeting to the parking staff. The MCTC parking ramp is located at 1420 Hennepin Avenue (north side of Hennepin Ave). Additional information on parking: http://www.minneapolis.edu/parking.cfm

The topic of the February U.S.-China Business Connections (UCBC) monthly meeting was “China Resources and Services at the University of Minnesota.” Presenting were Ms. Joan Brzezinski, acting director of the new Confucius Institute at the University of Minnesota (CIUMN), and Dr. Yongwei Zhang, director of the China Center. Brzezinski and Zhang each spoke about the services their departments offer to the community.

By Don Miller, Associate Editor, Money Morning

China’s giant [US]$585 billion (4 trillion yuan) economic stimulus package is showing signs of taking effect. Economists now project that China will be the likely leader of an elusive worldwide economic recovery.

2008 has been a challenging year for China.  Apart from the global financial crisis, which took a toll on China’s national economy, the Sichuan-Wenchuan Earthquake had tremendous and devastating impacts to China – its people and its growth.

China's top 10 economic news stories of 2008, selected by the editors-in-chief and deputy editors-in-chief from 16 news outlets in Beijing together with famous economists in China, were announced on Dec. 30 in Beijing.

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CHINAINSIGHT (CI) is published monthly ((except July/August and November/December are combined) by China Insight, Inc., an independent, privately owned company started in 2001 and headquartered in the Twin Cities area of Minnesota.

CHINAINSIGHT is the only English-language American newspaper to focus exclusively on connections between the United States and the People’s Republic of China (PRC).

Our goal is to develop a mutual understanding of each other’s cultures and business environments and to foster U.S.-China cultural and business harmony.