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January 2005
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| CHINA
BY THE NUMBERS |
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| CHINA
BUSINESS HEADLINES |
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Transnational Companies to Expand Investment in China
A survey on investment trends by transnational companies in China released by
China's Ministry of Commerce shows that more than 80 per cent of multinational
companies in China will expand their investment in production or research and
development (R&D) in China in coming three years...
[More]
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China Using Environment Rules to Help Cool Economy
China has begun using environmental regulations to put the brakes on some
projects and help cool its overheating economy, an environmental protection
official was quoted as saying on Tuesday...
[More]
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China IT Industry Too Fragmented To Match India
China's highly fragmented software-outsourcing industry will prevent it from
matching neighboring India's success in the global information technology
services market for many years, McKinsey & Co. said Thursday...
[More]
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US, China See Positive Economic Progress
The trade and economic relations between the United States (US) and China has
made positive progress in seven aspects, said visiting US Secretary of Commerce
Donald L. Evans here Wednesday...
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China Still Has a Long Way to Go
Wan Jifei, chairman of China Council for the Promotion of International Trade (CCPIT),
said Thursday that China's ranking in global trade keeps rising in recent
years. Its trade makes up a greater proportion in the global trade. China has
without doubt become a big trader. However, China still has a long way to go
before becoming a strong trading country...
[More]
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| QUOTES
OF THE MONTH |
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"We remain confident in the overall prospect of China and expect 2005 to be
another positive year." said GM's China chief Phil Murtaugh...
[More]
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| DID
YOU KNOW? |
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Growing Income Gap Tops Problem List
Dwindling farmland and widening income gaps are among the most severe social
problems China faces a quarter century after kicking off economic reforms, state
media said, citing a top government think tank...
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| COMPANY
IN ACTION |
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Companies Belly Up to Juicy Buffet in China
China said Tuesday that its economy grew 9.5% last year, adding to its luster as
a magnet for global capital and profits, partly at the USA's expense. Since
mid-October, a weak dollar has driven massive investment flows from the USA to
the emerging markets, particularly China and Russia, says the Institute of
International Finance (IIF). That magnifies a broader trend...
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Caterpillar Further Expands Business In China
Caterpillar Inc. announced today the selection of the city of Qingdao in
Shandong Province as the location for a state-of-the-art Innovation Center for
product and process development in China...
[More]
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EBay Invests Heavily on Market Potential
The US online auction giant eBay Inc will pour US$100 million into its China
operations to further tap the world's second largest Internet market...
[More]
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Dow Chemical plans to build an IT Center in China
Dow Chemical Co. plans to build an information technology center in China
that is expected to create 600 new jobs by the end of 2007, the chemical giant
said Tuesday...
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GM's China Sales Outpace Market
U.S. carmaker General Motors Corp. said its China sales grew nearly 30
percent last year, lagging the pace it set in 2003 but outpacing estimates for
2004 growth in the whole China market...
[More]
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| MAGNIFYING
GLASS |
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Rethinking the China Threat
Everybody knows that China is the world's next economic superpower. Each year,
it gets billions and billions of dollars in foreign investment, powering its
booming economy. The Middle Kingdom has more cell-phone users than anywhere else
on the planet, and soon it will be tops among Net surfers, too. American
consumers can't get enough of the low-cost TVs, DVD players, mobile phones,
computers, and other gizmos that come out of China's factories...
[More] |
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