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May 2002
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| CHINA
BY THE NUMBERS |
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| CHINA
BUSINESS HEADLINES |
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US Commerce Secretary Calls for Expansion of Trade with China
(April 23, 2002) Visiting US Secretary of Commerce Donald Evans called on US
and Chinese businesses to expand trade between the two countries...
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China Has the World's Second Largest At-Home Internet Population
(April 22, 2002) China has taken second place in the race for the world's
largest at-home Internet population, according to Nielsen//NetRatings, the
global standard in Internet audience measurement and analysis...
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China's IT Would Gain Breakthrough in 3 Aspects
(April 26, 2001) Wu Jichuan, the Minister of China Ministry of Information
Industry said today that how to hold up the opportunity to fulfill
great-leap-forward development would be the big issue for Chinese information
industry in the following 5-10 years...
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China to Further Open Commercial Sector to the World
(April 23, 2002) China plans to further open its commercial businesses to the
outside world to modernize the commodities wholesaling, retailing and
distributing sector...
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'Made in China' Goods Expect New Market in Global Chainstores
(April 22, 2002) Latest statistics from the State Economic and Trade Commission
(SETC) show that the total purchase volume in China of cross-national chain
groups reached 30 billion U.S. dollars last year, accounting for 12 percent of
the domestic gross exports in the same period...
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| QUOTES
OF THE MONTH |
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"We make a few investments every year and China will be our biggest move this
year in terms of market and products," Craig Conway, chief executive officer and
president of PeopleSoft.
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| DID
YOU KNOW? |
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The Origin of Chinese Surnames
The Chinese have had surnames long before the period of the Three Emperors and
Five Kings, that is, during the time when recognition was given only to one's
mother and not one's father. Hence, the Chinese character for surname is made up
of two individual characters----one meaning woman and one meaning to give birth.
That is to say, the surnames of the early Chinese followed the maternal line...
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| COMPANY
IN ACTION |
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American Firms Upbeat about Local Market
(April 24, 2002) Whilst economic growth throughout the world and in the US has
slowed down and has as a result caused US businesses to be more cautious with
their investments, a survey by the American Chamber of Commerce (AmCham) in
China indicated that over 90 percent of companies surveyed are optimistic or
are cautiously optimistic about the prospects of business in China in the
coming five years...
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Microsoft Launches First JV in China
(April 12, 2002) Software giant Microsoft announced the inauguration of its
first software joint venture in China Thursday. The joint venture, Shanghai
Wicresoft Co. Ltd., has Shanghai Alliance Investment Co. Ltd. as its local
partner...
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Cisco Chosen by China Railcom to Provide Backbone
(April 18, 2002) Cisco Systems, the worldwide leader in networking for the
Internet, announced today that China Railcom has chosen technology from Cisco
for the second phase expansion of their Internet backbone network, CRNet...
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Lucent Eyes Bigger Slice of China's Market
(April 24, 2002) Lucent Technology Co.Ltd, the world's largest producer of
telecommunications facilities, is touring China to introduce its products and
services with the aim of expanding its business in the country...
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Audi Makes China 2nd Target Market
(April 26 2002) Audi AG, the luxury arm of German auto giant Volkswagen AG,
says China is its second most important overseas market after the United States...
[More]
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| MAGNIFYING
GLASS |
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