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April 2002
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| CHINA
BY THE NUMBERS |
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Survey says 90% of foreign-invested firms plan China expansions
(28 March 2002) 90% of foreign-invested businesses in China plan to expand
their operations in the next three years, a survey conducted by Deloitte &
Touche and CFO Asia magazine ind...
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MII: 36 million netizens in China
(25 March 2002) China's Internet users increased by 119,000 during the first two
months of 2002, bringing the total number of Web users to 36.3 million, according
to a recent report...
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China achieves US$5.95B trade surplus
(15 March 2002) China reported US$40.84 billion in exports in the first two
months of this year, a 14.1-percent growth from the same period last year, while
its imports grew 3.2 percent year on year to US$34.89 billion...
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| CHINA
BUSINESS HEADLINES |
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| QUOTES
OF THE MONTH |
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"China has been one of the countries in the Asia-Pacific region, if not in
the world, in which Dupont's business has grown fastest, " said Charles G.
Browne, president of DuPont China Holding Co. Ltd.
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| DID
YOU KNOW? |
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Qing Ming
Qing Ming - the "Clear and Bright" Festival has been celebrated in China
for thousand of years. Although it is a day for paying respects to ancestors and
the dead, it is also about life and family. Qing Ming comes at the start of spring,
when the days are clear and bright - one possible origin of the name. This is
a time when new vegetation is appearing - and very much as Easter associates new
life in nature with the festival, so too does Qing Ming...
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| COMPANY
IN ACTION |
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Oracle Launches Major Development Center in China
(March 25, 2002) Oracle Corp., the world's largest enterprise software company,
today announced the launch of the Oracle China Development Center -- the company's
first development center in China...
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eBay Buys into Chinese Auction Site
(March 19, 2002) Silicon Valley-based online auction pioneer eBay Inc announced
on Monday it will pay US$30 million in cash for a 33 per cent stake in the Shanghai-based
online trading website EachNet in its first step into China's fast-developing
cyberspace...
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Citibank Inaugurates Foreign Currency Service in China
(March 22, 2002) Citibank's Shanghai Branch, the first foreign bank permitted
to offer all-around foreign currency services in China to Chinese citizens and
businesses, began to do so on Thursday...
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Airbus Aims to Achieve at Least 50% Market in China
(March 01, 2002) A senior manager from Airbus has affirmed that his company
aims to achieve at least 50 percent market share in China although it only enjoys
24 percent at present...
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| MAGNIFYING
GLASS |
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More Options for Overseas Investors
(March 19, 2002) The Chinese Government is set to attract more foreign investment
in those sectors which used to be "forbidden zones" for foreigners
-- starting on April 1...
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