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Taiwan, China

Bicycle-sharing programs starting to appear in Asian cities

James I Davison's picture

When I think about the biggest frustrations that typically come with living in, or simply visiting, a big city, bad traffic probably tops my list. For me, few things are more maddening than being stuck in a slowly moving (or worse, stand-still) line of cars. This is why it's not too surprising that bicycle-sharing programs have become quite popular here in Washington, D.C., and in several North American and European cities.

Now in Asia, these programs, which provide people with free or affordable access to bikes, are apparently starting to take off in popularity. The Springwise entrepreneurial blog points us to ambitious new bike-sharing organizations in the Taiwanese cities of Taipei and Kaohsiung City, as well as similar programs in Changwon, Korea and Hangzhou, China.

Cities and communities love and often support bike-sharing programs because they help reduce traffic congestion, noise and pollution. And the rentals are usually cheap, giving another option for transportation to more people. I suppose bicycle congestion still has a potential of being an annoyance, but at least they don't smell of exhaust and can't honk at you.

Image credit: mywayaround at Flickr under a Creative Commons license.

Regional roundup: Finance in East Asia – Jan. 16

James Seward's picture

Unfortunately, we start this roundup as we did the last – with more economic bad news. Exports dropped 2.8 percent and imports declined 21 percent in China on annualized basis in December. Also, China reported the first slowdown in growth of its foreign reserves since 1998, although reserves still rose by $45 billion in the fourth quarter of last year to about $1.95 trillion. Debate is also now swirling about rate of China’s economic growth for 2009, and even the central bank governor now is publicly setting expectations that the target rate of 8 percent may not be achievable.

Considering China's options in weakening global economy

David Dollar's picture

The December export numbers for China showed a 2.8 percent decline from the year before. This was the worst showing in a decade, but better than the 4-5 percent decline expected by the business press. There is still plenty of cause for worry, as economist and blogger Brad Setser wrote in a recent post, "This really doesn’t look good". While Setser is talking about the breath-taking drop in Korean and Taiwanese exports in December, some of those exports normally would be on their way to China for further processing and re-export. So, the grim news from those economies in December probably presages more tough times ahead for China's exports.

In this deteriorating global environment, the Ministry of Finance and the World Bank's Beijing office last week held a seminar with some very good international and Chinese economists to discuss China’s macroeconomic policy options. While the economists had a wide range of views, I took away a pretty strong consensus from them on three things

Regional roundup: Finance in East Asia

James Seward's picture

This is the first blog entry of what I hope to be regular updates from the financial sector and related areas across the East Asia and Pacific region. So, let’s see how the New Year began in Asia.

Unfortunately, the bad news keeps coming on the economies in the region in terms of exports and industrial output. Exports and industrial production fell 6.2 percent in Malaysia in November and exports from Thailand fell 18 percent in November. Surveys of consumer confidence, business sentiment, and manufacturers across the region have all shown significant declines.

East Asian governments take action in time of financial crisis

James Seward's picture

In my last post, I discussed how emerging Asia is getting hit by the financial storm and the early signs of stress in the financial systems across the region. The intensity of this storm appears to be getting worse, but governments across East Asia are taking a wide range of measures to bolster their financial systems.