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February 2005
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| CHINA
BY THE NUMBERS |
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| CHINA
BUSINESS HEADLINES |
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China Sees Record High Venture Capital Investment in 2004
China saw a record high venture capital investment of 1.27 billion US dollars in
2004, according to statistics made by a non-governmental venture capital
research institute...
[More]
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With China on a Buying Binge, Price of Steel Skyrockets in U.S.
Planners at the University of California-Davis tore up designs for a 10,000-seat
stadium and reconsidered. Honda Motor Co. Ltd. announced a price increase on
most automobile lines for the first time in a decade. Cooper Tire & Rubber Co.
reported that operating profit fell $10 million in the fourth quarter. The
common thread: Skyrocketing steel prices that are sending a shock wave through
commercial construction and other steel-related industries...
[More]
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China: Fuzzy Numbers No More?
Beijing this winter is festooned with orange banners and billboards that look
like Communist agitprop. But instead of slogans exhorting hero-workers toproduce
more rice or steel, the message reads: "The economic census needs your support!"...
[More]
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Migrant Workers Make Their Voices Heard
According to the Chinese Academy of Social Sciences (CASS), China is now home to
some 99 million migrant workers, virtually all of whom have moved from rural to
urban areas in search of better jobs...
[More]
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Online Games Sales Soar in Internet-mad China
China, home to the world's second largest number of Internet users, saw sales
of online games in 2004 soar 47.9 percent to 2.47 billion yuan (298.44 million
dollars)...
[More]
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| QUOTES
OF THE MONTH |
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"China is no longer just a developing country. It is an emerging economic
superpower, one that is writing economic history. China's eclipse of the United
States as a consumer nation should be seen as another milestone along the path
of its evolution as a world economic leader", said Lester Brown, the president
of the Washington-based Earth Policy Institute...
[More]
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| DID
YOU KNOW? |
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China's Internet Industry: From Childhood to Youth
The Internet has become a spectacle in the Chinese society. In the last ten
years China's Internet has grown from a marginal industry to a mainstream and
still continues to gain ground in the society. It started from scratch on a
non-existent market and seems to be expanding to the limitless...
[More]
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| COMPANY
IN ACTION |
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Nokia: China Poised to Be Biggest Market
Mobile phone giant Nokia Corp. expects China will likely overtake the United
States as its biggest market within three years, Chief Executive Jorma Ollila
says...
[More]
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UPS Says It Has Big Plans for China
The world's largest package-delivery service, United Parcel Service Inc., is
looking to China's burgeoning logistics market to drive growth for its earnings
as the company's home market in the United States stagnates, a company official
says...
[More]
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GE Expects 5 bln USD in 2004 China Sales
General Electric Co has forecast sales of 5 bln usd this year in China, a
five-fold increase since 2001, the official Xinhua news agency reported...
[More]
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World's Largest Auto parts Supplier to Set up Regional Base in Shanghai
Bosch, rated as the world's largest automotive parts supplier, will set up
its regional headquarters in Shanghai, said a corporate executive...
[More]
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Continental, American Win New China Flights
American Airlines and Continental Airlines on Tuesday won tentative
government approval to begin nonstop passenger service from the United States to
China, defeating Delta Air Lines for the right to serve a growing travel market...
[More]
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| MAGNIFYING
GLASS |
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China Emerges as Global Consumer
China has overtaken the US in the consumption of basic agricultural and
industrial goods, a survey has found. With a booming economy and 1.3bn people,
it is now the world's largest consumer of grain, meat, coal and steel, said the
Earth Policy Institute...
[More] |
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