DragonVenture - All about China Business.

September 2004

CHINA BY THE NUMBERS

Ratio of Auto Sales to Production Hits A Record High in August
The rate of China's auto sales to production hit a record high of 101.9 percent this August, sources from the China Association of Automobile Manufacturers (CAAM) said Wednesday... [More]

GDP to grow 9% in 2004, 7.5% in 2005

China's real gross domestic product (GDP) is projected to average around 9 percent in 2004 andto slow to about 7.5 percent in 2005, the International Monetary Fund (IMF) said Wednesday... [More]

CHINA BUSINESS HEADLINES

Hu Succeeds Jiang as Chairman of CPC Central Military Commission

Hu Jintao succeeded Jiang Zemin as chairman of the Central Military Commission (CMC) of the Communist Party of China (CPC) at the Fourth Plenum of the 16th CPC Central Committee... [More]

Energy Shortage May Dim China's Economic Boom

China is basking in the glow of booming success, but while the future looks bright no one's sure for how long -- because of urgent energy concerns... [More]

China's Nonferrous Metal Market Stable in September

Due to increase in output and market supply of some nonferrous metals, market prices of nonferrous metals in China have basically remained stable in September this year... [More]

Support for IC Industry to Keep On

The State Development and Reform Commission pledged on September 21 to prop up the further development of the country's integrated circuit industry... [More]

China to Double Hydropower Capacity by 2020

China may double the electricity it produces from dams in the next 16 years as the world's second- largest energy market seeks cheaper and cleaner alternatives to coal... [More]

QUOTES OF THE MONTH

"Technology companies must carefully monitor China¡¯s actions, assess the implications of Chinese standards and amend their strategies accordingly. Companies that don¡¯t may find themselves locked out of the world¡¯s largest and fastest growing marketplace, which is increasingly defined by standards that originate in China," said David Hill, a partner at Deloitte... [More]

DID YOU KNOW?

One-child Generation Grows up to Be Parents

The "only child" generation is coming of age, as they become parents, according to a recent survey. The young parents tend to be better prepared for fostering their children's growth than older generations, despite previously having been criticized as "little emperors and queens" during their childhood, expert says... [More]

COMPANY IN ACTION

IBM Eyes 50% Market Share

International Business Machines Corp (IBM) is reaping the rewards of a decade-long push into China's business computer market, and is eyeing upwards of a 50-per-cent share... [More]

World Exhibition Organizer Shifts Market Focus to China

Koelnmesse Co Ltd, the world's fourth largest exhibition organizers in terms of exhibition space, is taking a more active approach towards the Chinese market... [More]

MG Rover Plans to Export Cars from China

MG Rover Group is expecting to be the first foreign carmaker to be involved in exporting cars from China. This will come as part of its proposed joint venture with Shanghai Automotive Industry Corporation... [More]

FedEx to Turn Shanghai into Cargo Center

US FedEx plans to turn the city into its intercontinental cargo center in the Asia-Pacific region by adding more flights to its air routes from China to the US, Europe and the Asia-Pacific hub in Subic Bay in the Philippines... [More]

Cisco to Open Research Center in China

Network equipment maker Cisco Systems Inc. plans to spend $32 million to open a research and development center in China, the company announced Thursday... [More]

MAGNIFYING GLASS

China, U.S. Investment Flows Reflect Growth Outlooks
The amount of money foreign investors are sinking into the United States is shrinking, while the capital flow into China, with its cheaper labor and better growth prospects, is growing, making sentiment about the U.S. economy and dollar more bearish... [More]