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March 2002
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| CHINA
BY THE NUMBERS |
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A 32-fold Growth Chalked up in Sino-US Trade
(February 19, 2002) Sino-US trade chalked up US$80.5 billion last year to show
a 32.8-fold growth over 1979 and an approximate total of US$600 billion over
the last 23 years from 1979 to 2001 since bilateral ties were forged by the
two countries...
[More] |
Facts & Figures: China's Top Ten Trade Partners in 2001
(February 13, 2002) Following are the latest figures about mainland China's
trade with its top ten partners (in billion U.S. dollars) from January to December
2001, provided by the General Administration of Customs...
[More] |
Shanghai Aims at 10-Percent GDP Growth Rate for 2002
(February 20, 2002) Shanghai, the largest commercial and financial city in
China, is aiming at a 10-percent economic growth rate in 2002, which would be
the 11th consecutive year for a double digit growth rate...
[More] |
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| CHINA
BUSINESS HEADLINES |
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Bush's Visit Significant to Sino-U.S. Relations
(February 23, 2002) Exactly 30 years after U.S. President Richard Nixon's historic
visit to China, U.S. President George W. Bush made a 30-hour China visit...
[More] |
Lehman Brothers Predicts China Economy to Rank World's 2nd in 2030
(February 13 2002) China’s economy will grow at an annual average of 6 percent
in the next two decades, becoming the second largest after the United States in
2030, predicts a recent report by investment bank Lehman Brothers Inc...
[More] |
'Fortune' Predicts China to be Workshop of World
(February 26, 2002) An article in the newly published American magazine "Fortune"
indicated that China is going to be a workshop of the world with a large number
of high-quality technical personnel and huge markets...
[More] |
Foreign Investment in China Soars in January
(February 12, 2002) There was a rapid rise in foreign investment in China in the
first month of 2002, sources with the Ministry of Foreign Trade and Economic Cooperation
( MOFTEC) announced Monday...
[More] |
China Cuts Interest Rates by 0.25 Percentage Points
(February 21, 2002) The People's Bank of China (PBOC) announced in Beijing Wednesday
that it has decided to lower the interest rates of deposits in Renminbi by an
averaging 0.25 percentage points as of February 21...
[More] |
More Foreign Investment Expected in Shenzhen
(February 20, 2002) Shenzhen, one of China's fivespecial economic zones, is expected
to absorb four billion U.S. dollars of overseas investment this year, 11 percent
more than last year...
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| QUOTES
OF THE MONTH |
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" Heightened Dialogue between the U.S. and Chinese leaders will strengthen
the overall relationship, and thereby encourage increased bilateral trade and
investment,"...
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| DID
YOU KNOW? |
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The Festival of Lanterns
The Festival of Lanterns takes place at the end of the Chinese New Year Celebration,
on the fifteenth day of the first moon. Lanterns have been part of Chinese life
for centuries so it's not surprising to see a festival of lanterns...
[More] |
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| COMPANY
IN ACTION |
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IBM China Posts Double-Digit Increase
(February 4, 2002) IBM Greater China Group's mainland operations have offset
unfavorable economic conditions in Hong Kong and Taiwan helping the company post
double-digit revenue growth over the past 12 months...
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U.S Financed Companies Show Great Interest in Chinese Market
(February 13, 2002) Renowned U.S.-based transnational companies like Motorola,
General Electronic, Honeywell now have a strong presence in China and are showing
an even greater interest in the Chinese market...
[More] |
Sybase Heads for Greater Success Throughout Asia in 2002
(February 7, 2002) Sybase, Inc, (NYSE: SY) a leading e-Business infrastructure
provider,
announced today its Asia Pacific strategy and major initiatives to spearhead growth
in 2002. Leveraging its success in the year 2001, Sybase will continue to focus
on developing e-Business, m-Business and v-Business (vertical) solutions. Sybase
also plans to commit additional resources to the region in line with the strategy...
[More] |
Nokia Says to Boost China Market Share, Investment
(February 4, 2002) Mobile phone giant Nokia is confident
it can win market share in China and plans to continue investing this year in
the world's biggest cell phone market, company executives said on Monday...
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| MAGNIFYING
GLASS |
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China's International Status Grows with Maturing Foreign Policy: Time Magazine
(February 26, 2002) The international status of China is growing with the maturing
of its foreign policy and the confidence in dealing with the West, said a Time
Magazine report on Tuesday.
In the past year the country has joined the World Trade Organization, been
tapped to host the 2008 Olympic Games and seen its men's soccer team qualify
for the first time for the World Cup Finals, the report said...
[More] |
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