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July 2002
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| CHINA
BY THE NUMBERS |
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China Posts Four-Year Record High Industrial Growth
(June 11 2002) Booming exports pushed China's industrial production growth to
12.9 percent in May from the same month last year, the fastest expansion since
1998, official statistics said Tuesday...
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Pudong's GDP Per Capita Expected to Exceed US$7,000
(June 20 2002) Newly revealed data shows Pudong's GDP has reached 45.4 billion
yuan from January to May, a rise of 14.9 percent over the same period of last
year, of which the revenue generated by the high-tech industry sector account
for 48.5 percent of the total value...
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| CHINA
BUSINESS HEADLINES |
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China Tipped to Become World Hi-tech Center
(June 4, 2002) Several CEOs of the world's top 500 businesses say China is
becoming a world hi-tech center...
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Beijing Welcomes Overseas Investment in Infrastructure
(June 10, 2002) Investment from overseas-based financial groups is welcomed for
municipal infrastructure construction in Beijing...
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Institutional Investors Encouraged to Play Bigger Role in China
(June 10, 2001) China is set to encourage more institutional investors in
coming years to stabilize its securities market and improve investment
portfolios...
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China's E-Banks Set for Golden Age
(June 23, 2002) At least 2.5 million Chinese " netizens" -- about 23 percent of
the country's regular Internet users -- are likely to use electronic banking
services...
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Chinese Auto Part Market Full of Business Opportunities
(June 14, 2002) The booming Chinese auto industry provides great opportunities
for auto part entrepreneurs, experts say. Targeting China as a profitable
market, approximately 500 corporations from overseas began their investment
here, including those rising above their auto part peers...
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Fortune Selects Most Favored Foreign Firms in China
(June 13, 2002) The Chinese version of Fortune lately revealed an investigation
result for "The Most Favored Foreign Companies in China" for the third time
lately, Shanghai Volkswagen tops No.1, Motorola (Tianjin) and Haier Air
Conditioning come the second and third, respectively...
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| QUOTES
OF THE MONTH |
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"We believe that China is the biggest [overseas] market for us," Yoshiaki Fujimori, chief executive of GE Plastics, said. "When you look at Asian
countries, there is no other that offers this potential."
Source: Wall Street Journal
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| DID
YOU KNOW? |
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China Thrown Off Balance as Boys Outnumber Girls
(June 19, 2002) Chinese traditions, a tough one-child-per-couple policy and
modern medical technology have combined to create a demographic nightmare that
threatens China's stability and endangers prospects for greater political
freedom in the country with the world's largest population ...
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| COMPANY
IN ACTION |
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Microsoft, in China Push, to Invest $750 Million
(June 27, 2002) Software giant Microsoft Corp, in an unprecedented commitment
to a market that has often confounded it, said on Thursday it would invest $750
million in China over the next three years...
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Oracle Chief Foresees Fewer Competitors, More Competition
(June 13, 2002) Oracle Chairman and CEO Lawrence J.Ellison
said Wednesday that the enterprise software industry is changing rapidly, and
only a few of the largest technology providers will be able to survive the
fierce competition in the next five years. He said China is changing rapidly and
becoming part of the global economy. Oracle is ready to work closely with its
partners in China...
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GE Plastics Plans to Relocate Asian Headquarters to China
(June 26,2002) General Electric Co., underscoring its aggressive strategy in
China, said its plastics division will relocate its regional headquarters to
China from Japan, and that the company is in talks that could lead to three
major acquisitions in China this year...
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Foreign Helicopter Giants Vie for Chinese Market
(June 13, 2002) Saddened by growing traffic jams in the
metropolis of
Beijing, resentful drivers and passengers cannot help but wonder: "How nice
if I could fly." Some may have their wishes come true in the near future, as
experts have predicted that by the year 2010, there will be more than 2,000
helicopters for civil use in China. Many will be owned by private firms or
individuals as well as police patrol helicopters and those for medical rescue
and forest fire-fighting....
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Motorola Maps Out 'Two Plus Three Plus Three' Scheme
(June 11 2002) Motorola, the world leading HP manufacturer, is stepping up
its pace into the Chinese market when China's telecom industry is entering the
era of rapid development. Last week Motorola (China) revealed its "two plus
three plus three" scheme for development...
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| MAGNIFYING
GLASS |
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