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Q1 2003
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| CHINA
BY THE NUMBERS |
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| CHINA
BUSINESS HEADLINES |
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New Chinese Leadership Elected
(March 15, 2003) Hu Jintao was elected president of the People's Republic of
China at the fifth plenary meeting of the first session of the 10th National
People's Congress here Saturday morning...
[More]
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China Becomes Growth Driver for Asia: Economist
(March 13, 2003) China now buys 2.5 times more from Northeast Asia than 10 years
ago, especially from South Korea, up to five times...
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China's Surging Food Processing Industry Lures World Companies
(March 11, 2003) WTO entry has drawn these companies to China, which is
becoming the world's largest importer of food and ingredients, as evidenced by
the appearance of as many as 500 food companies from 22 countries and regions
at the Food Ingredients Asia-China 2003 fair in Shanghai...
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China's Industry Shows Overall Growth in 2002
(January 21, 2003) China's industrial sector, which witnessed a record
performance last year, is entering 2003 with ever-rosier prospects and a few
hidden snags...
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Top Ten Overseas Investors for 2002 Announced
(February 25, 2003) Hong Kong remained the largest overseas investor in the
Chinese mainland in 2002 with a total investment of 19.1 billion US dollars.
The British Virgin Islands ranked second with 6.1 billion US dollars...
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Largest Silicon Plant Under Construction in Sichuan
(January 9, 2003) China began Wednesday to build a 1000-ton polysilicon plant
in Leshan City in the southwestern province of Sichuan...
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| QUOTES
OF THE MONTH |
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"There's an old Chinese proverb that rising tides raise all the boats, so I
think the entire industry has had a good performance (in the past year). If the
market rises 10 percent as we expect, then China will hopefully become, ahead of
Germany, the world's third largest auto market this year," said Phil Murtaugh,
Chairman and CEO of General Motors China.
[More]
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| DID
YOU KNOW? |
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Chinese Banquet Etiquette
It is fair to say that the number one pastime in China is eating. Although your
Chinese host will not expect you to know everything about proper banquet
behavior, he will greatly appreciate it when you are displaying some knowledge
of the subject, because it shows that you have respect for Chinese culture,
etiquette and traditions...
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| COMPANY
IN ACTION |
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General Motors Eyes China's Prosperous Auto Market
(February 28, 2003) General Motors' move into the Chinese market has
increasingly pushed its business expansion, and at a very much faster speed
than its rivals, says Phil Murtaugh, top official overseeing GM China
operations...
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Intel Enters China's Internet Cafe Business
(February 25, 2003) Intel China announced Tuesday in Shanghai a cooperative
agreement with Shanghai's major Internet cafe service provider, East Networks,
to promote Internet accession and value-added service...
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American Express Eyes China's Business Travel Market
(March 1, 2003) American Express intends expanding its business travel services
network into 40 more Chinese cities in the next 12 months, a senior company
official said in Shanghai...
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Sun sets sights on China
(March 19, 2003) China will become one of the most important markets for US
information technology (IT) giant Sun Microsystems Inc in the coming few years,
announced company Chief Executive Officer Scott McNealy on Monday...
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Carrefour Aims to Get Bigger Niche of Chinese Market
(February 28,2003) France-based Carrefour, one of the three leading retailers
in the world, has vowed to get a bigger niche on China's retail market in the
future...
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| MAGNIFYING
GLASS |
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10 Key Industries' Prosperity Analysis Report
(February 26, 2003) The Economic Research Institute under the State
Development Planning Committee (SDPC) recently completed the Economic Prosperity
Analysis Report of China¡¯s Industries (2002-2003). The report makes forecasts
and analysis of China¡¯s 10 key industries...
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