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.

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. Investopedia explains Brazil, Russia, India And China - BRIC From: 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

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。 Supervisory 監督的，管理的 memorandum of understanding (MOU) 備忘錄 liaison offices 辦事處 Vocabulary

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 From: 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.

China's manufacturing sector grew in October at its fastest rate in 18 months, a survey has suggested. 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. Manufacturing 製造業、工業 Sector 方面、部分 Vocabulary 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% 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

"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。 Reliant 依賴的、有信心的 External 外部的 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

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