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April 2003
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| CHINA
BY THE NUMBERS |
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| CHINA
BUSINESS HEADLINES |
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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)...
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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...
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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...
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"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"...
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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...
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| QUOTES
OF THE MONTH |
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"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.
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| DID
YOU KNOW? |
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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...
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| COMPANY
IN ACTION |
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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...
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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...
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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...
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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...
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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...
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| MAGNIFYING
GLASS |
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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...
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