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August 2003
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| CHINA
BY THE NUMBERS |
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| CHINA
BUSINESS HEADLINES |
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China Seen Ready to Conciliate U.S. on Trade and Jobs
(September 2, 2003) China is preparing to reduce incentives for exporters,
increase purchases of Treasury bonds and loosen controls on foreign currency
holdings to blunt mounting pressure from the United States, where its growing
trade surplus has come under heavy political scrutiny, Chinese officials and
analysts say...
[More]
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China's Machinery Sector to See Rapid Growth in 2003
(August 20, 2003) China's machinery industry is expected to post
better-than-expected growth this year, driven by sound domestic economic growth,
rising imports and increasing demand resulting from large infrastructure
projects...
[More]
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Foreign Takeovers of Chinese Firms Encouraged
(August 20, 2003) China can effectively increase its foreign investment in the
future by encouraging foreign companies to merge with or acquire Chinese firms...
[More]
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China Becomes Third Largest Semiconductor Global Market
(August 11, 2003) China's semiconductor industry has maintained rapid growth
over last two years at the same time the rest of the world is suffering from a
major recession...
[More]
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Five Major Consumption Hotspots Will Stimulate Sustained Growth
(August 18, 2003) At the 2003 International Symposium on Chinese Construction
Market held recently in Beijing, experts pointed out the increasingly heated
consumption in housing, auto, education, health and information in recent
years has grew into new consumption hotspots, which will be the power engine
of the sustained growth of the Chinese economy...
[More]
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| QUOTES
OF THE MONTH |
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"China has the top priority in our expansion because of its prosperous economy,"
said Daniel Pauwaert, vice president of Howard Johnson International (China).
"We are confident about China in the long term and we are pleased to be part of
that growth." ...
[More]
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| DID
YOU KNOW? |
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| COMPANY
IN ACTION |
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World's Furniture Manufacturing Center Is Moving to China
(September 1, 2003) The Sweden-based Ikea Company - the worlds' No. 1 in
furniture sales volume has moved its procurement center from Singapore to
China...
[More]
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Standard & Poor's to Provide Financial Services to China Market
(August 13, 2003) Standard & Poor's Investment Services and Shihua International
Financial Information Co Ltd announced on August 12 to form an alliance to
jointly launch information products and services on international currency and
equities for China's investors...
[More]
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Wal-mart Urged to Establish Trade Unions in China
(August 25, 2003) Wal-mart, the world's biggest retailer, is facing pressure in
China to establish trade unions for thousands of employees...
[More]
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GE Sets up First China Joint Venture
(August 29, 2003) The US conglomerate General Electric (GE) held a
ground-breaking ceremony for its first plant in China, in Shenyang, the capital
city of the northeastern province of Liaoning...
[More]
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PeopleSoft widens foothold in China's market
(August 19, 2003) PeopleSoft recently won a massive contract to supply human
capital management solutions to Shanghai General Motors, one of the largest
Sino-US joint ventures...
[More]
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| MAGNIFYING
GLASS |
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As Fight Heats Up Over China Trade, Business Is Split
Treasury Secretary John Snow lobbied China this week to let its currency
rise, heeding the cries of U.S. manufacturers who say the yuan's low, fixed
value gives China an unfair edge. But New Balance Athletic Shoe Co. is doing
very well in China. One big reason: The yuan isn't rising...
[More] |
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