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September 2003
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| CHINA
BY THE NUMBERS |
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| CHINA
BUSINESS HEADLINES |
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U.S. Companies in China Prosper Despite Hurdles
(September 26, 2003) U.S. companies are quietly thriving in one of the world's
most challenging markets, even as they express frustration at China's halting
pace in honoring its World Trade Organization promises, according to a survey...
[More]
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Manufacturing Remains Prosperous Industry in China
(September 8, 2003) The manufacturing sector will continue to be a bright spot
in China, which will enjoy faster growth in the forthcoming decade and longer...
[More]
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China Reports High Growth in Furniture Exports
(September 11, 2003) China exported 4.01 billion US dollars worth of furniture
in the first seven months of the year, up 30.6 percent on the same period last
year...
[More]
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Transnational M&As Likely to Rise in China
(September 15, 2003) While the number of mergers and acquisitions is expected to
decline worldwide, that trend may reverse in China...
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Websites Most Frequently Visited by Chinese Netizens Concentrate to Five Chinese
Portals
(September, 2003) Mainland China's Social Science Academy (SSA) has released a
new report entitled "An Internet Application Survey in 12 Mainland Chinese
Cities." According to the report, the Internet websites most frequently
visited by mainland Chinese netizens are increasingly concentrated between
five portals, with SINA remaining the most popular website in the country...
[More]
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| QUOTES
OF THE MONTH |
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"This is an indication that market access in China has improved, economic growth
is strong, and American companies have learned how to do business in China,"
said Christian Murck, chairman of the American Chamber of Commerce in China.
[More]
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| DID
YOU KNOW? |
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Drinking Gongfu Tea
It is a Chinese custom to treat guests with tea. However, people in east
Guangdong and south Fujian have a special way of preparing tea, called gongfu
tea...
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| COMPANY
IN ACTION |
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US Caterpillar Shows Confidence to Chinese Market
(September, 13) Stuart Levernick, vice-president of Caterpillar Inc. of the United States, said here Saturday that his company is
very confident for its investment in China, which enjoys a bright future...
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HP Plans Expansion in China
(September 15, 2003) Hewlett-Packard Co expects to invest $200 million by 2007
to expand its business in China, hoping to sell software to power everything
from billing systems to share transactions, a senior executive said on Monday...
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Honeywell Bets on China Car Boom
(September 24, 2003) U.S. manufacturer Honeywell International Ltd is banking on
China's fast growing car market to boost revenue in one of its smaller
divisions, a senior company executive said on Wednesday...
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Goldman Seeks Chinese Venture
(September 18, 2003) Goldman Sachs Group Inc., one of the two biggest
international investment banks doing business in China, is working on forming a
Chinese joint venture to tap the country's lucrative domestic-securities
underwriting and brokerage markets...
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Bestbuy Global Procurement Center Set up in Shanghai
(September 25, 2003) The world's largest household appliance chain retailer
the US Bestbuy Group lately set up its first global procurement center in Pudong
of Shanghai...
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| MAGNIFYING
GLASS |
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China's Trade Partners Seek to Maintain Links
The rising chorus of alarm about China's fast-growing trade and manufacturing is
drowning out another message: Not everyone in the world agrees. There are plenty
of voices crying out as China manufactures more, exports more and draws more
investment...
[More] |
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