Although there are more and more Chinese investing directly overseas, these investment are still very likely being less than foreign direct investment (FDI) this year, government officials and experts said on July 1.
Recently, foreign banks and other organization forecast that ODI (overseas direct investment) would exceed FDI. However, government officials suggested that it is unlikely to happen soon, especially this year. It is partly because Chinalco’s $19.5 billion didn’t succeed to save Rio Tinto last month, which is the world’s third largest mining enterprise.
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bank, China, economy, enterprise, investment, organization
According to a Pricewater house Coopers(PwC) survey , those joint venture fund management firms in china, which have large investments of foreign asset management companies, are an increasing threat to wholly owned domestic fund management.
Domestic fund management should hold at least more than 51 percent stake in domestic fund management companies based on the rules made by the china Securities Regulatory Commission. As the survey, which interviewed 29 Read more…
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China, competition, economy, firm, fund, survey, venture
REQUEST FOR EXPRESSIONS OF INTEREST
CONSULTANT SERVICES
Wind Power Short Term Forecast Service In Selected Locations of Inner Mongolia
CHINA RENEWABLE ENERGY SCALE-UP PROGRAM
CONSULTING SERVICES
LN 4792-CHA, TF054833
Project ID No: P067625 Read more…
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China, economy, expression, interest, location, service
The first State-level demonstration zone for independent innovation construction was constructed in Zhongguancun Science Park in Beijing’s Haidian district on 21st March.
As China’s largest hi-tech breeding nest, Z-park had enjoyed several policies to enhance its advancement, no matter for stock options or financial reform. Moreover, these supportive policies can be endeavored for a whole decade.
The State Council also announced a statement that the scientific and technological pilot programs could be carried out. Read more…
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China, construction, economy, innovation, park, science
Even with the worldwide economic downturn, more people are becoming wealthier in China.
According to a report on private property released by China Merchants Bank and consultancy Bain & Company on March, 30, 2009, there will be 320,000 people who each possess at least 10 million yuan ($1.46 million) of assets by the end of 2009, up 6 percent from 2008.
Including cash, stocks, funds, securities and real estate investments, the total assets covered in the report are expected to surpass 9 trillion yuan ($1.29 trillion) in 2009, up 7 percent from 2008.
The survey investigated 700 interviewees by questionnaires or face-to-face interviews. All the respondents had property of at least Read more…
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China, crisis, downturn, economy, property, report
A new website will help the public to search that people who haven’t paid after failing in civil cases in court.
There are more than 5.24 million verdicts that have been handed down by 3,484 courts in the new service list. According to Jiang Bixin, vice-president of the supreme People’s Court, the verdicts must be carried out in the 1.44 million cases.
“There are a growing number of civil and commercial cases that require carrying out Read more…
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case, China, court, economy, public, website
A Chinese newspaper, which reported that China had cancelled a deal of buying 150 aircrafts from Airbus, has caused a sensation in the whole media world of China. This newspaper made a mistake in translating the original report from a news agency of the United States.
This newspaper is based in Chengdu, Sichuan province. It quoted the Bloomberg Read more…
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Airbus, China, economy, newspaper, order, translation
The leading policy maker said China should take actions at present to strategically and completely reexamine the policies for millions of migrant workers who are unemployed due to the current financial crisis.
Liu He, deputy director of the Office of the Central Leading Group on Finance and Economy, said the need of the hour is to provide vocational training and education for the migrant workers. “This is not only about employment but also something that has severe social implications,” Liu said in an Read more…
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China, crisis, economy, migrant, package, policy
Shandong became only the second province to reach a GDP of over 3 trillion yuan in 2008. While most of the economies across the world are suffering from the current financial uncertainties, Shandong, the eastern coastal province, impressed all by a 2008 GDP of 3.11 trillion yuan—a growth of nearly 12.1 percent, achieving an accomplishment previously only matched by China’s traditionally most prosperous province—Guangdong.
According to a more in-depth analysis of the figures, it was also Shandong’s Read more…
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China, crisis, economy, GDP, growth, province, Shandong
China’s rail users will be the biggest winners as the government’s detailed financial stimulus package come out. New high speed trains, a greatly expanded rail network and faster links between the country’s major cities, all now pulling out of the sidings, are racing towards completion.
China’s railway builders and train manufacturers, too, are celebrating their unexpected fruits following the government’s commitment to enlarge the rail infrastructure across the country. Companies in these sectors are expected to be the major beneficiaries of the 4 trillion yuan stimulus package lately announced by the government as its key policy in ensuring China’s economy continues to thrive, despite the situation of the global financial downturn.
The first fruits of this massive Read more…
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China, economy, investment, package, rail, train
Although there are more and more Chinese investing directly overseas, these investment are still very likely being less than foreign direct investment (FDI) this year, government officials and experts said on July 1. 
