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October 2001
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| CHINA
BY THE NUMBERS |
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- China will have 300 million Internet users by 2005. By
then, the United States will have just 214 million.
- World Trade Organization entry may increase China's gross
domestic product by between 2 percent and 3 percent annually,
translating into 5 million jobs for each additional percentage
point of growth.
- China is already MasterCard's second largest market.
- Fully 28% of Silicon Valley's entrepreneurs are of Chinese
origin and that number is growing.
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10% growth in foreign capital use
(19 September 2001) The amount of foreign capital actually used in China this
year will probably reach US$46 billion, an increase of more than 10 percent over
last year...
[More] |
Lot of sites but few people
(12 September 2001) A new survey of Chinese Web sites shows that while there are
nearly a quarter of a million, fully one third have only one employee...
[More] |
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China to gain digital TV in 4 years, satellite TV in 6
(25 September 2001) China may be home to thousands of clunky state-owned enterprises,
millions of displaced workers and an ever-widening gap between the rural poor
and urban rich, but when it comes to its modernization ambitions, the nation
has no equal...
[More] |
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| CHINA
BUSINESS HEADLINES |
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Foreign business rules to be changed
(19 September 2001) Hu Jingyan, director of the Department of Foreign Investment
under the Ministry of Foreign Trade and Economic Cooperation (MOFTEC), said
on Sept. 18 that after joining WTO, China would abolish the three rigid rules
on the "percentage of local investment", "balance of foreign
currency" and "percentage of products for export" of the enterprises
with foreign investment...
[More] |
US-China Business Council Welcomes Decisive Step on China WTO Accession
WASHINGTON, Sept. 17 /PRNewswire/ -- The United States-China Business Council
has welcomed news from Geneva that negotiators have taken the final substantive
step leading to Chinese membership in the World Trade Organization...
[More] |
Smart market about to open
(10 September 2001) The Chinese government has announced that it intends to issue
to all of its 1.3 billion citizens new national identification cards utilizing
the so-called "smart card" technology over the next five years...
[More] |
Painful transition but bright prospects to follow after WTO
(14 August 2001) After 15 years of a "Long March" to membership in
the World Trade Organization, it seems more likely than ever that China will formally
join the trade body by early next year...
[More] |
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| QUOTES
OF THE MONTH |
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| DID
YOU KNOW? |
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Ancient Myths
The dragon and the phoenix are the principal motifs for decorative designs on
the buildings, clothing and articles of daily use in the imperial palace.
[More] |
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| COMPANY
IN ACTION |
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