It has been demonstrated that for business innovation, setting economy-wide targets for boosting the share of renewables as a share of total energy source is a vital platform. Chinese companies are ranking tops in solar power, rechargeable batteries for mobile phones and electric cars in the global market.
Today’s new frontier is energy efficiency. Chinese business, encouraged by the government’s aim of raising the energy efficiency of the economy overall by 20 percent Read more…
Popularity: 15%
China Business, China Business News, China Economy
business, China, energy, innovation, productivity, profit
In the first three quarters, Shenzhen registered an 11.5 percent growth in gross domestic product (GDP) despite global financial turbulence.
Boosted by the hi-tech industry, especially the electronic information industry, industrial output of sizable enterprises reached 1.12 trillion yuan during the period, which rose by 14.5 percent. IT sector plays an important role in the significant rise. This sector grew by 16.4 percent to 111.35 billion yuan, which is 4.9 percent Read more…
Popularity: 15%
China Business, China Business News, China Economy
China, GDP, industry, IT, product, Shenzhen
Gavin Newsom, the mayor of San Francisco, arrives in Shanghai today to launch a privately funded business recruitment initiative. This is a part of the city’s drive in the past two years to further ties with China and its own environment projects. Before he arrived in the financial centre, he said energy dependence and establishing a stronger relationship with China are the two important things for them.
The ChinaSF, which Read more…
Popularity: 5%
China Business, China Business News, China Economy
China, mayor, relationship, San Francisco, U.S.
Clean tech companies have got $10 billion investment from venture capitalists (VCs) since 2000. The investment approached $4 billion in 2008 alone. 70% of the money is in the United States, less than 10% of that in China.
US VCs will invest in clean tech most within 5 years. The majority of venture capital dollars have been captured by sustainable power generation such as solar, wind and biofuels.
Where Read more…
Popularity: 2%
China Business, China Economy, China Finance and Banking, China Trade Import Export
capital, China, dollars, investment, technologies
Xinhua reported on Oct 9, presided by Premier Wen Jiabao, a State Council meeting has resolved that it is necessary to adopt “proactive” fiscal and “moderately loose” monetary policies now. The government has cleared a 4 trillion-yuan ($586 billion) investment package to stimulate domestic demand and boost the slowing economy till 2010.
The Nov 5 statement marked an end to the previous prudent policy because of the increasing risk of slowing down further. According to Zhang Read more…
Popularity: 6%
China Business, China Business News, China Economy, China Finance and Banking
$586b, demand, economy, investment, package, policies
Recently, an e-mail entitled “Ten Points for Attention” has been sent to many inboxes of white-collar staff. It advises them not to quit their jobs, change their career or ask for a pay rise in current climate. Actually, white-collar workers across China are more concerned about the impact of the global financial crisis on their career.
The e-mail might be a joke. But, as a matter of fact, many staff working in financial and banking industry are struggling to keep their current jobs. Read more…
Popularity: 4%
China Business, China Business News, China Economy
career, China, climate, crisis, staff, white-collar
According to the head of a global recruitment agency, as a result of the worldwide financial crisis, staff layoffs at a number of multinational companies (MNCs) in the country should present an opportunity for small and medium-sized domestic enterprises (SMEs) to grab whatever talent they can.
CEO of Antal International Tony Goodwin noted that the SMEs should do so before the MNCs realize the potential of Chinese economy Read more…
Popularity: 4%
China Business, China Business News, China Economy, China Finance and Banking
China, crisis, layoffs, opportunities, SME, Talent
Due to the drop down of share price and investor confidence, initial public offerings (IPOs), with no companies going public on mainland last month, have disappeared off the radar.
There were only 30 domestic companies going public in the third quarter this year, down 60.5 percent year-on-year, and the total funds raised on the Shanghai and Shenzhen stock exchanges fell 86.5 percent year-on-year to $3.12 billion, based on Beijing-based investment research and consulting firm ChinaVenture. Read more…
Popularity: 4%
China Business, China Business News, China Economy, China Outsourcing
investor, IPO, mainland, radar, trace, uncertainty
A 5-billion-yuan contract was signed by the Commercial Aircraft Corporation of China (COMAC) to sell 25 ARJ21-700 regional jets to GE Commercials Aviation Services (GECAS) on November 4, which marked that China’s first homegrown jet would have a promising future in the overseas market.
Zhang Qingwei, board chairman of COMAC, said that the delivery will start in 2013 and the 70-90 seat feeder jet will have its first flight in mid-November. Read more…
Popularity: 4%
China Business, China Business News, China Economy, China Trade Import Export
COMAC, delivery, GECAS, jet, market, order
A top information official said last Friday that China and the United States should expand exchanges and cooperation to ensure effective communication between their Internet authorities. Cai Mingzhao, vice-minister of the State Council Information Office said in a speech at the Second US-China Industry Forum (UCIIF), “International cooperation is essential for promoting the health and orderly development of the Internet industry because of its global nature.” He also added that China and the US should engage in mutually beneficial cooperation in the Internet industry while increasing exchange between professional Internet institutes to combat spam, viruses and pornography to guarantee security and credibility.
According to Craig Mundle, Microsoft’s chief research and strategy officer, a Read more…
Popularity: unranked
China Business, China Economy
China, cooperation, expand, internet, U.S.
It has been demonstrated that for business innovation, setting economy-wide targets for boosting the share of renewables as a share of total energy source is a vital platform. Chinese companies are ranking tops in solar power, rechargeable batteries for mobile phones and electric cars in the global market.
