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May 2003
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| CHINA
BY THE NUMBERS |
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Top IT Companies Revenue Reach US$68b, up 15%
(May 13, 2003) The revenue from China's top 100 electronic information
technology (IT) enterprises almost topped 572 billion yuan (US$68.9 billion)
last year, up 15 per cent from the previous 12 months, according to figures from
the Ministry of Information Industry (MII)...
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Cell Phone Imports Increase Drastically
(May 27,2003) A total of 2.64 million cell phones valued at 390 million US
dollars were imported via the port of Shenzhen in south China's Guangdong
Province in the first four months of the year...
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| CHINA
BUSINESS HEADLINES |
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Chinese mainland's IC design sees fast growth
(May 12, 2003) The Chinese mainland has witnessed a rapid growth in its
integrated circuit (IC) industry, a survey by the Electronic Engineering
Times-Asia (EE Times Asia) said on May 6...
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Hi-tech industrial park in Shanghai attracts increasing investment
(May 18, 2003) The Zhangjiang Hi-Tech Park in the Pudong New District of
Shanghai has attracted eight billion US dollars of investment in the past three
years...
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VC Investment Slumps on SARS Fears
(May 23, 2003) Venture capitalists in China are suffering from the spread of
SARS in the country, but their enthusiasm will return in the third and fourth
quarters with record investment...
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Insurance Sector Booming
(May 19, 2003) The Chinese insurance sector maintains rapid growth despite the
SARS outbreak, with premium revenues totaling 144.2 billion yuan (US$17.4
billion) in the first four months of the year, an increase of 32 percent from a
year before, according to the China Insurance Regulatory Commission (CIRC)...
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Foreign Firms Get Securities Licenses
(May 27, 2003) China has taken its historic first step to practically open up
its securities market to foreign companies...
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| QUOTES
OF THE MONTH |
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"China will remain one of the fastest-growing economies in the world. The
fundamentals for GE to do business in China - with China's needs for rapid
infrastructure growth and GE's ability to serve the majority of those demands -
have never been stronger, " said Steve Schneider, chairman and chief executive
of General Electric China.
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| DID
YOU KNOW? |
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Religions in China
China is a multi-religious country. Buddhism, Taoism, Islam, Catholicism and
Protestantism. Of all the religions in China, Buddhism, Taoism and Islam are the
most wide spread...
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| COMPANY
IN ACTION |
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Dell Computer eyes bounty in West China
(May 28, 2003) Dell Computer, the successful enterprise that Michael Dell
started in 1984 to sell PCs directly to users, is confident of further
growth on the Chinese mainland...
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Caterpillar Seeks More Opportunities in China
(May 30, 2003) The world's leading construction machinery provider is looking to
expand its presence in China to take advantage of the economic growth of the
country, one of its senior executives said earlier this week...
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Intel Begins Shipments Of Pentium 4 CPUs From China Plant
(May 15, 2003) US giant chipmaker Intel Corporation says it has begun shipping
its Pentium 4 microprocessors from an assembly plant in Shanghai, further
expanding the range of products handled by the facility...
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Kodak aims to take lion share of Chinese digital printing market
(May 27, 2003) Kodak, a transnational film giant, plans to cooperate with the
Bank of China to launch the second round of a lending operation to assist the
formation of a nationwide network to print photos taken by digital cameras...
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Taco Bell Opens First Location in China
(May 27,2003,2003) US food giant Tricon Global Restaurants, parent of Pizza
Hut and Kentucky Fried Chicken, has opened its first Taco Bell in China...
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| MAGNIFYING
GLASS |
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SARS Poses Test for Chinese Economy
The Chinese economy is facing its toughest challenge since the 1998 Asian
financial crisis as severe acute respiratory syndrome (SARS) takes its toll on
key industries...
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