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November 2001
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| CHINA
BY THE NUMBERS |
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NBS official: GDP achieves 7.6% growth in 1st 3 quarters
(24 October 2001) China's gross domestic product (GDP) rose 7.6 percent in
the first three quarters of the year, compared with the same period last year,
according to Li Xiaochao, a deputy director in the National Bureau of Statistics
(NBS)...
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Foreign trade to grow 10% this year, white paper predicts
(15 October 2001) While the world economy tries to overcome its current slump,
China still has high hopes for its own growth. ...
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Consumers' purchasing power on the rise
(16 October 2001) With consumers’ purchasing power reaching an estimated 5
trillion yuan (US$605 billion), the Chinese market for consumer goods shows
great potential...
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Foreign reserves now top US$200 billion
(30 October 2001) China’s money supply is growing in tandem with the economy,
China’s central bank governor said recently...
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Shanghai approves 1,845 new foreign-invested firms
(30 October 2001) During the year’s first three quarters, Shanghai approved
1,845 new foreign-invested enterprises, reflecting a 35.4-percent growth over
the same period last year...
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| CHINA
BUSINESS HEADLINES |
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APEC forum ends with economic, political affirmations
(22 October 2001) The just-ended Asia-Pacific Economic Cooperation (APEC) in
Shanghai was "a significant achievement in China’s diplomacy," an
indication that China is "actively integrating into globalization and is
playing an increasingly important role in international affairs...
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WTO-related Contracts to Be Signed, China to Officially Join WTO November 11
(30 October 2001) China is going to officially become a full member of the
World Trade Organization (WTO) on November 11 with the agreements concerned
to be discussed and approved one day in advance at World Trade Organization
(WTO) 's Fourth Ministerial Meeting...
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Central Bank for First Time Reveals "9.11 Incident" Impact on Chinese
Economy
(30 October 2001) October 29 saw the People's Bank of China (PBOC), the nation's
central bank, published the 2001 third-quarter report on the implementation of
monetary policy, in which the possible impact on Chinese economy by "9.11
Incident" was for the first time revealed in detail....
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China Orders 30 Boeing 737 Jetliners
(2 October 2001) China Aviation Supplies Import & Export Corp. (CASC) and
The Boeing Company (NYSE: BA) signed an agreement today for the firm order of
30 Boeing 737 jetliners...
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Chinese Electronics, Information Sector Leap Forward in 15 Years
(29 October 2001) China's electronics and information enterprises have had a
more competitive edge over their foreign counterparts after 15 years' development,
sources said Sunday in Chengdu, provincial capital of Sichuan Province, Southwest
China...
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| QUOTES
OF THE MONTH |
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| DID
YOU KNOW? |
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Who is Confucius?
Confucius was introduced for the first time to the West as: Chinese philosopher,who
flourished about five hundred years before the coming of our Lord and Savior Jesus
Christ...
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| COMPANY
IN ACTION |
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DragonVenture to Co-Manage Fund with SZVC - the Largest VC in China
SHENZEN, CHINA. Oct. 16, 2001 Silicon Valley based cross-Pacific venture capital
firm DragonVenture, Inc. (www.dragonventure.com) announced today it has entered
into a definitive agreement with China’s largest venture capital firm Shenzhen
Venture Capital Co., Ltd. (www.szvc.com.cn) to co-manage a $500 million RMB (equivalent
of US$60M) venture capital fund...
[More] |
Emerson buys Huawei unit for US$750 million
(22 October 2001) In an unusually large buyout of a Chinese company, Emerson
Electric Co., a St. Louis, Mo.-based firm, has paid US$750 million for Avansys
Power Co. of Shenzhen...
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AOL Time Warner Signs Agreement With China's State Television Network
(23 October 2001) The exchange lets AOL Time Warner break into a fast-changing
Chinese market where nearly every home owns a television and viewers number
in the hundreds of millions...
[More] |
Changhong TV Selects Cadence PCB Tools for High-End Consumer Designs.ht
(23 October 2001) Cadence Design Systems, Inc. (NYSE:CDN - news), the world's
leading supplier of electronic design products and services, today announced
that China's largest TV manufacturer...
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Sybase Wins One of China's Largest Telecom Billing Contracts
(22 October 2001)Sybase, Inc. today announced that it signed a contract with
China Unicom
CDMA to provide Sybase Adaptive Server(R) Enterprise (ASE) to support China
Unicom's billing system across 31 provinces and municipalities in China...
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