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…
Popularity: 3% [?]
China, economy, fair, global, investment, overseas
On November 3rd, 2009, the biggest universal search engine Google Inc launched a Chinese language voice search service, which expected to attract users from domestic rival Baidu Inc in the world’s largest mobile market.
The new service is aimed to help Chinese users use Google’s existing search services like Web search and Google Maps via cell phones.
Till now the Chinese version voice search provided by Google can only be used for Nokia’s S60 series, which includes 46 models of handsets. Read more…
Popularity: 1% [?]
China, Chinese, economy, Google, mobile, search
Copenhagen’s analysts said that any deals at Copenhagen will need to be supported by the world’s two largest emitters.
Senior US expert with the Chinese Academy of Social Sciences Zhou Qi said that China and the US must concrete and practical solution acceptable to both countries and must coordinate, therefore both sides have to make compromises.
The growing concern has Read more…
Popularity: 1% [?]
China, deal, economy, expert, solution, U.S.
The China’s third largest port operator, Dalian Port Co Ltd expects to complete its initial public offering on the Shanghai Stock Exchange within the first half of 2010, Sun Hong, the Chairman of Dalian Port Co Ltd said.
The company was listed in Hong Kong in 2006 which means it will become China’s first port with a dual listing.
And also the Dalian Port is the biggest port operator in Bohai Bay which Read more…
Popularity: 1% [?]
capital, China, Dalian, economy, Hong Kong, port, Shanghai
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 sep.27, a latest announcement was revealed by Fujian provincial authorities. It is announced that in order to further industrial cooperation with Taiwan, Pingtan Island is to be set up as a special economic zone.
Nowadays, Pingtan Island, the fifth largest island in China, attracts the attention of experts from both sides of the straits. Considering its location, the experts are trying to found a new model for the island, which lies 28 km from the provincial capital Fuzhou and about 120 km from Taiwan.
In order to bring benefit for Read more…
Popularity: 2% [?]
announcement, China, economy, Fujian, island, plan, Taiwan
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…
Popularity: 1% [?]
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…
Popularity: 2% [?]
China, competition, economy, firm, fund, survey, venture
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
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. 
