According to several speakers at the First China Overseas Investment Fair on November 4, 2009, China’s tremendous overseas investment helps the global economy, especially the economies of developing countries to recover from the world’s financial crisis.
Chinese officials pressed for foreign countries to create a convenient and fair environment to make it easier for Chinese investors to continue to invest.
Comparing with the traditional big spenders, including the United States Read more…
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China, economy, fair, global, investment, overseas
An initial agreement of great significance had been made last Thursday. One side is China National Petroleum Corp (CNPC), ranking first in China’s oil and gas production and Britain’s oil power, BP. The other side is Iraq’s Oil Ministry. They signed to develop Rumaila, Iraq’s largest oilfield.
Asim Jihad, Iraq’s Oil Ministry spokesman said that the signed contract should wait for the approval of the cabinet. Then, the ministry would fix the Read more…
Popularity: 1% [?]
BP, China, CNPC, economy, Iraqi, oilfield, Rumaila
On October.5, China’s top securities regulator made a public speech. Statistics show that by the end of July, 113.8 billion had been raised by China’s domestic enterprises through being listed on overseas stock markets.
According to China Securities Regulatory Commission’s recent numerical statement, by the end of last July, as much as 154 Chinese enterprises had started initial public offering abroad.
In June 1993, Tsingtao Brewery Corp, China’s first corporation listed out Read more…
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China, economy, exchange, oversea, statement, stock
On 7:30 am, Monday, June 29, after a 10-hour flight from Germany, Frank Appel, the deutsche post DHL CEO, started his whirlwind visit in Beijing. After meeting government officials, partners and employees, he told his interviewer: Asia and China will still be their focus.
Unlike all the previous visits, this visit during the global economy crisis which has posed a serious threat on this world’s largest logistics company, with a 13% drop in revenue and 42% drop in underlying EBIT (earnings before interest and taxes) in the first quarter of the year. Read more…
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Being the second biggest oil company in China, Sinopec Group decided to buy a oil and gas company, Addax Petroleum Corp at the price of 7.3 billion dollars, which is based in Geneva. This happened in a bid to tap oil reserves in West Africa and the Middle East.
It was the subsidiary company of Sinopec Group, Sinopec International Petroleum Exploration and Production Corp (SIPC), that settled the deal. On June 24th, Sinopec in Beijing Read more…
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China, company, economy, gas, oil, Sinopec
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.
Read more…
Popularity: 2% [?]
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
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Wind Power Short Term Forecast Service In Selected Locations of Inner Mongolia
CHINA RENEWABLE ENERGY SCALE-UP PROGRAM
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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…
Popularity: 1% [?]
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
According to several speakers at the First China Overseas Investment Fair on November 4, 2009, China’s tremendous overseas investment helps the global economy, especially the economies of developing countries to recover from the world’s financial crisis. 
