DragonVenture - All about China Business.

December 2001

CHINA BY THE NUMBERS

FDI to China to Top US$40b in 2002

(19 November 2001)China looks set to receive at least 40 billion dollars in foreign investment next year after entering the World Trade Organization (WTO)...

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China's GDP to Top Nine Trillion Yuan This Year

(27 November 2001) China's gross domestic product(GDP) for the year 2001 is expected to top nine trillion yuan, a year-on-year increase of 7.3 percent... [More]

Foreign currency deposits hit US$135.7 billion

(15 November 2001) Foreign currency deposits at Chinese financial institutions at the end of October reached US$135.7 billion, an increase of 10.6 percent over the same period last year...

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CHINA BUSINESS HEADLINES

China's Internet sector to double in size by 2005

(7 November 2001) China's Internet sector is expected to grow dramatically over the next five years...

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China-listed foreign-invested firms must be at least 10% foreign-owned

(9 November 2001) After the initial public offering of foreign-invested companies in China on either the A- or B-share market, at least 10 percent of total equity capital should be foreign held...

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China Enters The WTO

(12 November 2001) China, the world's most populous nation, joined the World Trade Organization this weekend, ending 15 years of negotiations... [More]

More Foreigners to Get Permanent Residence Permits in China

(27 November 2001)China's economically developed coastal province of Guangdong is considering to give more foreigners with senior management or technical expertise the permits to stay permanently in the country... [More]

QUOTES OF THE MONTH

"It (China) is an important market. We just have enormous opportunities in broadband, in wireless and in the Internet, not to mention in the sweet spot in which they all merge,'' Motorola spokeswoman Shelagh Lester-Smith told Reuters.

DID YOU KNOW?

Chinese Zodiac

The Chinese Calendar is a based on the cycles of the moon. The start of the New Year begins anywhere from late January to mid-February. A complete lunar cycle takes 60 years... [More]

COMPANY IN ACTION

Motorola chairman announces 'three 10 billion' plan for China

(8 November 2001) Motorola will be implementing a "three ten billion" plan for China: US$10 billion in output, investments and purchases by 2006...

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Sybase Pushes Ahead With 45% Market Share in China's Telecommunications Sector
(26 November 2001) Sybase, Inc. , today announced that its subsidiary in China, Sybase Software (China) Ltd., has been named by China Computing
Information Department (CCID) as holding a 45 percent market share in the database market of China's telecommunications sector... [More]

Nokia to Set Up 3G Networks R&D Center in China
(22 November 2001) HELSINKI (Reuters) - Nokia (news - web sites) said on Thursday it was establishing a research and development center for high-speed third-generation (3G) networks in China, boosting its position in the world's biggest mobile phone market... [More]