April 2003
    CHINA BY THE NUMBERS
China's Forex Reserve Exceeds 300 Billion US Dollars

(April 15, 2003) China's foreign exchange reserves had reached 316 billion US dollars by the end of March, up 38.8 percent from the same period last year, according to statistics released Monday by the People's Bank of China... [More]


China's M2 Growth Picks up Speed

(April 15,2003) China's money supply grew sharply in the first quarter of the year as the central bank prepared to shed its regulatory function to concentrate on monetary policy... [More]

China's Electronics Industry Enjoys Over 70 bln USD of Foreign Capital

(April 02, 2003) China's electronics industry has to date attracted more than 70 billion US dollars of foreign capital and witnessed the creation of over 10,000 foreign-invested enterprises... [More]


    CHINA BUSINESS HEADLINES
Telecom Market Surges 14.4%

(April 08, 2003) China's telecom market remained one of the world's few bright spots in this sector last year, with market size growing by 14.4 percent to 411.6 billion yuan (US$49.59 billion)... [More]


HK, Shanghai and Shenzhen Most Competitive Cities in China

(April 19, 2003) Comprehensive competitiveness of Hong Kong, Shanghai, Shenzhen, Beijing, Macao, Guangzhou, Dongguan, Suzhou, Tianjin and Ningbo are listed in order into the top 10 cities (exclusive of the cities in Taiwan Province) in the official "Report on Competitiveness of Chinese Cities". The reprehensive cities in the three big city-chains are beyond doubt the most competitive Chinese cities nowadays... [More]

China's Market Economic Maturity Hits 69 Percent in 2001

(April 18, 2003) An up-to-date research result indicates that China is a country in which market economy is in the course of development in the light of internationally acknowledged standard, not a country of "non-market economy" as taken by some countries. 2001 saw the maturity of Chinese market economy reach some 69 percent... [More]

"China Mobile Valley" taking shape in Yangtze Delta

(April 21, 2003) The Yangtze River Delta, a leading economic growth belt in east China, has gained increasing notability for its global mobile communications firms and may emerge as the country's "Mobile Valley"... [More]

South China's Shenzhen Makes Huge Investment in IT

(April 11, 2003) Shenzhen, a special economic zone in south China's Guangdong Province, is set to invest four billion yuan (480 million US dollars) this year in developing information technology (IT) projects... [More]

    QUOTES OF THE MONTH
"China's development is really so fast. It will take 5 years to accomplish the development in France that can be finished only one year in China" said Pierre, Special Assistant of President of France-China International Intercommunion Institution, when he attended the 7th Fair of Cooperation, Investment & Trade Between East and West China. [More]

    DID YOU KNOW?
Chinese Knotting Links

Chinese Knotting is an ancient art form and artifacts can be found as far back as 100,000 years ago. Chinese people used knots for more than just fastening, wrapping, hunting, fishing. Knots were also used to record events, and some knots had purely ornamental functions... [More]

   COMPANY IN ACTION
Motorola to build R&D center in Beijing

(April 4, 2003) High-tech multinational Motorola plans to invest US$500 million in building a research and development center in Beijing in the next five years, said Chen Yongzheng, vice-president of Motorola... [More]  

Nortel Muscles for Enterprise Market

(April 8, 2003) As Chinese telephone operators avoid purchasing telecoms equipment, Nortel Networks is renewing its focus on corporate customers, who are increasingly interested in networking products to bolster their competitiveness. "With enterprises embracing e-initiatives and the development of next-generation networks, applications based on the networks will become richer and richer," said Michael Li, general manager of Nortel Networks' enterprise networks division... [More]

AOL Time Warner's unit expands TV broadcast rights in China

(April 1, 2003) AOL Time Warner Inc. said Tuesday its Chinese-language entertainment channel, China Entertainment Television Broadcast Ltd. (CETV), has obtained the right to extend its reach nationwide in China... [More]

Palm Eyes China

(April 28, 2003) US-based personal digital assistant maker, Palm Inc, will introduce to China three high-end products this week, hoping to penetrate the market with its low-price strategy... [More]


US Retailer Reshapes China Strategy

(April 23,2003,2003) US retail giant PriceMart Inc. is reshaping its strategy in China, which market analysts say is a sign that competition in the sector is extending to foreign hypermarkets... [More]


   MAGNIFYING GLASS
Country's IT Sector Still to Peak
The SARS crisis hasn't robbed China of its long-term luster in the eyes of many U.S. manufacturers looking to invest in new factories there.

Faced with weak demand elsewhere, these companies view China's fast-growing economy as a rare bright spot. Barring an unforeseen situation in which the health crisis completely cripples China's economy, companies that have otherwise hunkered down and stopped spending on new plants and equipment in the U.S. and Europe continue to view China as the exception... [More]