Shenzhen and Hong Kong had decided to cooperate with each other though the agreement on May 21, 2007 to build a“Shenzhen-Hong Kong Innovation Circle” after the approval of the central government. This agreement aims to pool their innovative resources, particularly in the field of technological innovation.
According to Liu Yingli, deputy director and secretary-general of the organizing committee of China High-tech Fair, their innovative efforts will be influential in the Read more…
Popularity: 1% [?]
agreement, cooperate, high-tech, HK, innovation
It is said that China is still the most attractive country for foreign direct investment (FDI) in the developing world despite the global financial crisis.
But according to a UN report, this year FDIs across the world will drop 10 percent from the record high of last year because major companies have scaled back their investment plans.
Global FDIs rose 30 percent to $1,833 billion in 2007, even Read more…
Popularity: 2% [?]
China, direct, foreign, investment, trade
According to economists, the real causes of the huge spikes in international commodity prices are the weak dollar and speculation rather than the so-called China factor that China’s rapid economic growth has indeed increased demand for commodities in general.
As a recent Economist article points out, the low prices of Chinese products, thanks to its low manufacturing costs, have contributed to stabilizing prices across the globe. “China helped to hold down Read more…
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China, commodities, demand, energy, price
Foreigners who are involved in traffic accidents may not be allowed to leave the country until the cases are settled. This new authority has been added to the Provisions on the Procedures for Handling Traffic Accidents, and will take effect in January.
However, it will be subordinate to the Regulations of China Concerning Consular Privileges and Immunities as well as other international conventions and agreements signed between China and other countries and Read more…
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China, foreigner, payment, rules, traffic
Jack Niu is a busy man. As a North Asian service operations director for US multinational industrial manufacturer Honeywell, he spends his day hard working in his office building in downtown Tianjin, which neighours the Chinese capital. When he’s not in his 15-sq-m office teleconferencing with colleagues on his global marketing team, setting up meetings with key customers and exploring new service opportunities to further grow his company’s Read more…
Popularity: 1% [?]
business, China, foreign, local, multinational
According to the 2008 Asia-Pacific Wealth Report, released by Merrill Lynch and IT services and business consultancy company Capgemini yesterday, to the end of 2007, the number of wealthy individuals in China was 415,000 which rose by 20.3% comparing with 2006.
Wealthy people are the individuals who have more than one million dollars asset not including the real estate they live themselves. China has the second largest population of rich individuals, constituting 14.8% wealthy individuals in the region. The average asset of wealthy individuals in China has reached 5.1 million.
At the same time, China first became the largest population country of super rich individuals in Asia Pacific. There were 6,038 super rich individuals who own more than 30 million dollars asset in China.
According to Liu Changxin, the senior executive marketing manager of Merrill lynch global wealth Read more…
Popularity: 2% [?]
Asia-Pacific, asset, China, grow, wealthy individuals
The biannual China Import and Export Fair has long been an event which attracts all traders.
The Canton Fair, as it is known, has been held every spring and autumn since 1957 in the southern city of Guangzhou.
The fair has become the bellwether of the nation’s foreign trade climate. People express their feeling “honoured” to be part of it.
In the early days, over 80 percent of China’s foreign trade deals were done with socialist countries led by the Soviet Union. But in the 1950s, Guangzhou was already the venue for entrepreneurs from Hong Kong, Macao Read more…
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event, fair, Guangzhou, history, trade
Shanghai began to do the economic reform in the early days. Now, it has more than caught up with the other coastal cities in establishing its key role in the nation’s development.
In the process, it has transformed itself from a dull and inefficient manufacturing base for a planned economy to a vibrant and progressive metropolis, servicing the modern industrial heartland of the Yangtze River Delta Read more…
Popularity: 1% [?]
China, economic, key role, reform, Shanghai
Generally speaking, in all the symbols of China, Americans know Great Wall best.
Entitled “A Study of American Perceptions of China” the survey attracted 2 million US citizens, all aged 18 or above, with different social and education backgrounds. They were asked 10 questions about China.
Entitled “A Study of American Perceptions of China” the survey attracted 2 million US citizens, all aged 18 or above, with different social and education backgrounds. They were asked 10 questions about China. When asked to say which words they most associated with the country, the most popular answers were “highly Read more…
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culture, dish, history, place, survey
According to the fair organizers, the 13th Macao International Trade and Investment Fair (MIF) organizers, this fair is expected to attract more participants than ever from home and abroad with its much diversified displays.
The largest trade and economic annual event in the city will be held at The Cotai Strip TM Convention and Exhibition Center at the Venetian Macau from October 23 to 26, said Macao Trade and Investment Promotion Institute (IPIM).
The fair has contributed a lot to Macao in several aspects, such as investment, trade and cooperation with global business partners.
This year’s MIF will see a wider range of exhibiting pavilions, with the main displaying booths featuring companies from the mainland, European Union, and Portuguese-speaking countries. There will also be Read more…
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business, China, event, fair, Macao, trade
