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February 2006
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| CHINA
BY THE NUMBERS |
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Machinery Trade Deficit Decreases Sharply in 2005
China registered a machinery trade deficit of 13.9 billion US dollars in 2005, a
sharp decrease of 21.2 billion from 2004, sources with the China Machinery
Industry Federation (CMIF) claim.The foreign trade volume of the machinery
industry hit a new record-high of 222.9 billion U.S. dollars last year, up 16.7
percent on the previous year...
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Foreign Trade Expected to Grow 15 to 20% in 2006
The growth rate of China's foreign trade in 2006 may not be as rapid as last
year's but it is still expected to increase between 15 percent and 20 percent...
[More]
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| CHINA
BUSINESS HEADLINES |
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Investment Choices Big Piece of China Puzzle
Investing in China is just as difficult as trying to fathom the many
complexities of that nation in transition.Its government is actively issuing
tougher standards for securities, accounting and corporate conduct. Yet it
remains deeply enmeshed in free speech, privacy and trade controversies...
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China Encourages Development of Venture Capital Firms
China's State Council said here Sunday that it will encourage state and local
governments and their affiliates to set up venture capital firms to finance
innovation-oriented start-ups...
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Oil, Natural Gas China's Most Profitable Industries
Oil and natural gas mining are the most profitable industries in China in 2005,
according to a study by the State Information Center...
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Steel Industry in Dilemma
China's humongous steel industry faces a series of dilemma -- rising costs and
dropping prices, over capacity and lower demand -- while it struggles to meet
new opportunities during a period of contraction...
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More Investment Urged for High-tech Industry
Leading officials in the Chinese computing industry have called for more
investment in domestic high technologies. "We must develop our indigenous
technologies in superservers, central processing units and optical and
electronic units because developed countries prohibit the export of these
technologies to China,"...
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| QUOTES
OF THE MONTH |
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"China is one of the fastest-developing markets for the hotel industry," Summer
Jauneaud, a spokeswoman for the International Hotel and Restaurant Association
in Paris, said. "Most major hotel companies are developing within China."
[More]
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| DID
YOU KNOW? |
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Rich Gap Tops NPC worries
A widening income gap that threatens to tear China apart is likely to be a top
item on the agenda when the National People's Congress kicks off its annual full
meeting next weekend...
[More]
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| COMPANY
IN ACTION |
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| MAGNIFYING
GLASS |
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Behind the Tough Talk on China
On Feb. 14, U.S. Trade Representative Rob Portman stepped to the microphone in
Washington to report the results of a top-to-bottom review of America's trade
relationship with China. "We believe right now the relationship is out of
balance," declared the former Ohio congressman. "The relationship needs to be
more balanced, more equitable."...
[More] |
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