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Nov. 2002
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| CHINA
BY THE NUMBERS |
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Foreign-Funded Enterprises in China Over 410 Thousand
(October 11, 2002) According to latest statistics released by the Ministry of
Foreign Trade and Economic Cooperation (MOFTEC), by the end of August this year,
there were 411,495 foreign-funded enterprises approved by the state, with a
contracted foreign investment of US$ 807.598 billion reported and US$ 429.665
billion used ...
[More]
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Guangdong Reports Rising High-tech Exports
(October 23,2002) Guangdong Province, south China,exported 21.43 billion US
dollars worth of high-tech products in the first three quarters of the year, up
40.5 percent from the same period last year ...
[More]
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| CHINA
BUSINESS HEADLINES |
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China's IT Industry Maintains High Growth Despite World Slump
(October 19, 2002) Despite the global recession in the information technology
industry, China's IT output soared by 20 per cent in the last decade, three
times the gross domestic product growth rate, and is expected to exceed 1.6
trillion yuan (192.7bn US dollars) this year ...
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Challenges to China's Retail Sale on Rise from Abroad
(October 29, 2002) Statistics by concerned departments tell over 50 half of
world's 50 biggest retail giants that have entered China. Though with a mere 3
percent turnover of China's retail sale they already have claimed the highest
economic gain ...
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Logistics Service Booming in China
(October 10, 2002) The logistics business has been expanding in China at an
annual rate of 30 percent...
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Booming Tourism Spurs China's Economy
(October 9, 2002) Tourist destinations across China counted their profits when
normal working day was resumed Tuesday after the week-long National Day holiday...
[More]
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| QUOTES
OF THE MONTH |
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"Every time I come here, I have a feeling of astonishment..... China is so
advanced in telecom technology. It is unbelievably successful, no one else ever
did that in such a short time," remarked Frank Dunn, Nortel Network's President
and CEO.
[More]
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| DID
YOU KNOW? |
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Four Famous Chinese Embroidery Styles
Embroidery is a traditional Chinese craft which consists of pulling colored
threads through a background material with embroidery needles to stitch colored
patterns that have been previously designed on the ground. The adoption of
different needling methods resulted in different embroidery styles and technique
schools...
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| COMPANY
IN ACTION |
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Wal-Mart Taps East China Market
(October 10, 2002) Wal-Mart China Co., Ltd. and China International Trust and
Investment Corporation (CITIC) signed an agreement Wednesday in Shanghai on
establishing the East China Wal-Mart Stores Co., Ltd., a key step of Wal-Mart's
market expansion in east China...
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Kodak Shifts its Emphasis to Western China
(October 10, 2002) The Kodak Co. has decided to convert its office in Chengdu
into a regional headquarters, an indication of Kodak's growing optimism and
confidence with respect to western China...
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DHL to Open 10 New Express Delivery Centers in China
(October 13, 2002) DHL Worldwide Express will set up another 10 express delivery
centers in China in the coming 12 to 18 months, raising the total number of
delivery centers in China to 49, Uwe Dorken, chairman and CEO of DHL, said here
Saturday...
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Coca-Cola Plans Six More Bottling Plants in China
(October 16, 2002) Coca-Cola (China) Beverages Ltd announced Tuesday plans to
invest 150 million US dollars in six new bottling plants in China in the next
two or three years...
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Advanced Micro Devices to Make China Classroom PC Plans
(October 09,2002) In a move to strengthen its presence in one of the world's
largest markets, chip-maker Advanced Micro Devices Inc. agreed to develop plans
for classroom computers in China...
[More]
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| MAGNIFYING
GLASS |
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China Closest to Oasis in Struggling Global Economy
The Chinese economy is on track to grow nearly 8 percent this year, making it
the fastest growing economy in the world and the closest thing to an oasis in an
otherwise struggling global economy, economists in Hong Kong believed ...
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