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May 2005
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| CHINA
BY THE NUMBERS |
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185 of Fortune Global Top 500 Invest in Beijing
According to the Beijing Municipal Bureau of Commerce, 185 of the Fortune world
500 top multinationals have invested 12.26 billion USD on 355 projects in
Beijing...
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Auto Market: Robust Export vs. Declining Import
For the first quarter of the year China imported less autos by 44.4 percent
while exported more autos by 41.2 percent than the same period of last year. The
auto imports and exports, including the auto parts, valued 2.275 billion USD and
nearly 2.1 billion USD respectively...
[More]
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| CHINA
BUSINESS HEADLINES |
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Greenspan: China Revaluation Won't Help
America's bloated trade deficits probably wouldn't be helped by China revamping
its currency system as the Bush administration has been pressing Beijing to do,
Federal Reserve Chairman Alan Greenspan said Friday...
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Can China Build Its Own Silicon Valley?
"Zhongguancun" doesn't roll off the Western tongue easily, but it will soon be
an address that technology investors must learn. For 25 years, locales from
Singapore to the south of France have tried to create their own Silicon Valleys,
but the original's remarkable spirit has never been duplicated. China, however,
is putting the finishing touches on its own Silicon Valley ¡ª and this time, they
may have found the recipe...
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China Faces Coal Shortage By 2010
China is expected to consume 2.2 billion tons of coal a year by 2010, resulting
in a shortage of 330 million tons a year, a state-run newspaper reported
Wednesday...
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China Wary of Foreign "Speculators"
China's State Administration of Foreign Exchange (SAFE) has warned of large
influx of foreign capital into the country's real estate market, promising to
conduct a joint investigation on the problem and deal with any irregularities by
working together with other administrative departments of the state...
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Wealth and Knowledge Gaps Challenge China and Asia
Economists agreed Tuesday that the widening gap between the rich and poor is a
major problem confronting the world and that both developing and developed
nations should work together to deal with it...
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| QUOTES
OF THE MONTH |
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"There is no country more important than China for the auto market," said GM's
Asia Pacific chief, Troy Clarke...
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| DID
YOU KNOW? |
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Growth Triggers Reshuffling at MNCs in China
Senior figures have been reshuffled at a number of multinational corporations
(MNCs) operating in China, a move experts say reflects the increasing importance
of the Chinese market. Personnel changes affected companies in the retailing,
auto making, information technology (IT) and telecommunications industries...
[More]
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| COMPANY
IN ACTION |
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A French Lesson on Business in China
The French telecom equipment firm Alcatel has sold its stake in its joint
venture in China just nine months after formation...
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GM Opens Shanghai Plant, Doubles Capacity
General Motors'(GM) flagship China venture opened a new plant in Shanghai on
Saturday that brought its nationwide production capacity to almost half a
million units in an increasingly competitive market...
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Starbucks Expects China to Be No. 2 Market
Starbucks Corp. expects tea powerhouse China to eventually become the coffee
chain's second-biggest market after the United States...
[More]
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Multinationals Shifting China Strategies
Multinationals are rethinking their Chinese strategies as the country shifts
from being a manufacturing powerhouse to a consumer-driven nation...
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BoA Eyes China Bank Stake
Bank of America Corp. has signed a memorandum of understanding to take a
strategic stake in China Construction Bank (CCB.UL), one of China's big four
state lenders, the Economist magazine said on Friday...
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| MAGNIFYING
GLASS |
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The China Syndrome
The takeover of China's Harbin Brewery Group last summer was filled with
nail-biting excitement worthy of any M&A deal on Wall Street. In May 2004
Anheuser-Busch Companies Inc., acquired 29 percent of the Hong Kong-listed
company's shares. In turn, London-based SABMiller, which already owned over 29
percent of Harbin, launched a hostile takeover of the Chinese company three days
later. But Harbin's management sided with Anheuser-Busch, and SABMiller withdrew
its bid. In July 2004 St. Louis-based Anheuser-Busch bought the brewery for a
cool $739 million...
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