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	<title>BPOVIA Official Blog &#124; About Virtual Assistant, Outsourcing, KPO, BPO and China &#187; China Trade Import Export</title>
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		<title>Overseas investment helps world economy</title>
		<link>http://www.bpovia.com/blog/china-business/overseas-investment-helps-world-economy.html</link>
		<comments>http://www.bpovia.com/blog/china-business/overseas-investment-helps-world-economy.html#comments</comments>
		<pubDate>Thu, 05 Nov 2009 07:14:52 +0000</pubDate>
		<dc:creator>Yvonne Dong</dc:creator>
				<category><![CDATA[China Business]]></category>
		<category><![CDATA[China Business News]]></category>
		<category><![CDATA[China Consumer Market]]></category>
		<category><![CDATA[China Economy]]></category>
		<category><![CDATA[China Finance and Banking]]></category>
		<category><![CDATA[China Trade Import Export]]></category>
		<category><![CDATA[Investment China]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[fair]]></category>
		<category><![CDATA[global]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[overseas]]></category>

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		<description><![CDATA[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 [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.bpovia.com/blog/wp-content/uploads/2009/11/chinafair.jpg"><img style="border-right: 0px;border-top: 0px;margin: 5px 5px 0px 0px;border-left: 0px;border-bottom: 0px" height="219" alt="china fair" src="http://www.bpovia.com/blog/wp-content/uploads/2009/11/chinafair_thumb.jpg" width="284" align="left" border="0" /></a> 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. </p>
<p>Chinese officials pressed for foreign countries to create a convenient and fair environment to make it easier for Chinese investors to continue to invest. </p>
<p>Comparing with the traditional big spenders, including the United States<span id="more-2478"></span> and European countries, who slowed their outbound investment, investment from China in overseas markets has increasing remarkably recently. </p>
<p>Zhang Xiaoqiang, vice-director of the National Development and Reform Commission, said despite the world’s financial crisis, China was still raising its overseas efforts. Many of China’s companies were active investors. </p>
<p>China’s overseas direct investment rose 190 percent in the third quarter during the same period last year. According to the statistics from the Ministry of Commerce, the investment reached to $32.87 billion for the first nine months. </p>
<p>Zhang added that growth has been a blessing for many countries recently. </p>
<p>Jon Huntsman, the US ambassador to China had the same opinion. He said that China’s investment was significant in improving and stimulating the world economy. </p>
<p>The US has benefited from the investments of other nations, Huntsman added. Throughout the 2003-to-2008 period, countries invested over $325 billion in some 4,300 projects in the US. </p>
<p>China was one of the nations whose investment in the US is fastest-growing, said Huntsman, with an annual growth rate in investment amount of 30% in 2004-2008 periods. </p>
<p>Taffere Tesfachew, chief of the Office of the Secretary-General under the United Nations Conference on Trade and Development (UNCTAD) said that China is one of the leading nations in stimulating the revival of developing economies by way of investment. </p>
<p>The figures from UNCTAD shows that in the year 2008, investment flowing out of the US declined by 18 percent to $312 billion, meanwhile flowing from EU nations fall by 30 percent to $837 billion. However, emerging economies, especially China, increased overseas investment, Tesfachew said. </p>
<p>He also said that nations and regional areas would benefit a lot from it, Africa and Asia in particular. </p>
<p>Some small islands in Caribbean like Grenada have great sunshine to grow plants and many other advantageous sectors to tap, F. Marcelle Gairy, Grenada’s ambassador to China, said. China has good technology to achieve their dreams. </p>
<p>She added it was win-win investment. </p>
<p>Mifzal Ahmed, advisor on investments for the Maldives’ Ministry of Economic Development, said China’s technology was cheaper, innovative and very practical. </p>
<p>Although the UNCTAD predicts that the investment outflows from Asia will slow down its speed this year, the organization still believes this region will still excel the rest of the world. </p>
<p>Tesfachew said outflows from China and India were the most prominent.</p>
<p style="height: 10px">&nbsp;</p>
<p><em>Are you interested in the business opportunities in China?</em></p>
<p><em>China is one of the world’s great growth markets and is likely to be for many years to come. Foreign companies often face difficulties in assessing Chinese market demand and enacting effective strategies because of the language barriers, culture differences, and high expense.</em></p>
<p><em><a href="http://www.bpovia.com">BPOVIA</a> is the leading <a href="http://www.bpovia.com/virtual-assistant.html">virtual assistant</a> and <a href="http://www.bpovia.com">Knowledge process outsourcing (KPO)</a> service provider in China. <a href="http://www.bpovia.com/">BPOVIA</a> is the only <a href="http://www.bpovia.com/virtual-assistant.html">virtual assistant</a> company ever been nominated for the prestigious “Red Herring 100 Asia” Awards 2008. Combines international perspective with local know-how, <a href="http://www.bpovia.com">BPOVIA</a> can provide our clients China business development service and help our clients doing successful business in China.</em></p>
<p><em>Please visit <a href="http://www.bpovia.com">http://www.BPOVIA.com/</a> for details about our service.</em> </p>
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		<title>Mobile voice search in Chinese unveiled by Google</title>
		<link>http://www.bpovia.com/blog/china-business/mobile-voice-search-in-chinese-unveiled-by-google.html</link>
		<comments>http://www.bpovia.com/blog/china-business/mobile-voice-search-in-chinese-unveiled-by-google.html#comments</comments>
		<pubDate>Wed, 04 Nov 2009 05:19:48 +0000</pubDate>
		<dc:creator>Yvonne Dong</dc:creator>
				<category><![CDATA[China Business]]></category>
		<category><![CDATA[China Business News]]></category>
		<category><![CDATA[China Consumer Market]]></category>
		<category><![CDATA[China Economy]]></category>
		<category><![CDATA[China Trade Import Export]]></category>
		<category><![CDATA[Internet and Hi-Tech]]></category>
		<category><![CDATA[Investment China]]></category>
		<category><![CDATA[China]]></category>
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		<category><![CDATA[economy]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[mobile]]></category>
		<category><![CDATA[search]]></category>

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		<description><![CDATA[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 [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.bpovia.com/blog/wp-content/uploads/2009/11/speaknow.jpg"><img style="border-top-width: 0px;border-left-width: 0px;border-bottom-width: 0px;margin: 5px 5px 0px 0px;border-right-width: 0px" height="245" alt="speak now" src="http://www.bpovia.com/blog/wp-content/uploads/2009/11/speaknow_thumb.jpg" width="324" align="left" border="0" /></a> 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. </p>
<p>The new service is aimed to help Chinese users use Google’s existing search services like Web search and Google Maps via cell phones. </p>
<p>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.<span id="more-2475"></span> But Vic Gundotra, Google’s engineering vice-president, claimed that the service will expanded to other platforms soon after, which include Apple Inc’s iPhone and Android-based handsets. </p>
<p>Lin Bin, deputy director of Google China Research Center said in a statement that mobile Internet era is coming; mobile phones will soon become as powerful as personal computers. However, since the kinds of mobile phones are limited, the searching on a mobile is extremely hard. </p>
<p>In 2008, English voice search service is provided by Google, which contains images and maps, for the handsets of Android, Nokia S60, Black-Berry and iPhone. </p>
<p>Google aimed to make its mobile search business surpass the PC-based Internet search business, said Lin. </p>
<p>During the past few years, Google made efforts to catch up with Chinese domestic leader Baidu Inc which flung the former as a second player in China’s online search engine market. Since 2009, Google has been popularizing its mobile search service vigorously in China, where the users of mobile phone are already passed 700 million. </p>
<p>According to figures from domestic research firm Analysis International, Baidu is still the market leader in China, which takes over 60 percent of the search market share. However, in China’s mobile search market, Google is a little bit in front of Baidu whose share reached 26 percent in the second quarter in 2009 while the former clinched 26.6 percent. </p>
<p>Chinese search engine Baidu claimed in October that it cooperated with China Unicom to provide wireless search for the carrier’s 3G mobile subscribers. On Friday, the popular iPhone was launched by China Unicom in China. </p>
<p>Experts predicted with the mobile phone users can surf the Internet via handsets, the mobile search is becoming one of the most attractive markets for search engines to expand their service beyond personal computers. </p>
<p>Due to China Internet Network Information Center (CNNIC), by the end of June, the number of China’s Internet users achieved to 338 million, while the mobile Internet users increased 32.1 percent to 155 million.</p>
<p style="height: 10px">&nbsp;</p>
<p><em>Are you interested in the business opportunities in China?</em></p>
<p><em>China is one of the world’s great growth markets and is likely to be for many years to come. Foreign companies often face difficulties in assessing Chinese market demand and enacting effective strategies because of the language barriers, culture differences, and high expense.</em></p>
<p><em><a href="http://www.bpovia.com">BPOVIA</a> is the leading <a href="http://www.bpovia.com/virtual-assistant.html">virtual assistant</a> and <a href="http://www.bpovia.com">Knowledge process outsourcing (KPO)</a> service provider in China. <a href="http://www.bpovia.com/">BPOVIA</a> is the only <a href="http://www.bpovia.com/virtual-assistant.html">virtual assistant</a> company ever been nominated for the prestigious “Red Herring 100 Asia” Awards 2008. Combines international perspective with local know-how, <a href="http://www.bpovia.com">BPOVIA</a> can provide our clients China business development service and help our clients doing successful business in China.</em></p>
<p><em>Please visit <a href="http://www.bpovia.com">http://www.BPOVIA.com/</a> for details about our service.</em> </p>
<p style="height: 10px">&nbsp;</p>
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		<title>The compromises between China and the US</title>
		<link>http://www.bpovia.com/blog/china-business/the-compromises-between-china-and-the-us.html</link>
		<comments>http://www.bpovia.com/blog/china-business/the-compromises-between-china-and-the-us.html#comments</comments>
		<pubDate>Fri, 23 Oct 2009 10:02:57 +0000</pubDate>
		<dc:creator>Yvonne Dong</dc:creator>
				<category><![CDATA[China Business]]></category>
		<category><![CDATA[China Business News]]></category>
		<category><![CDATA[China Consumer Market]]></category>
		<category><![CDATA[China Economy]]></category>
		<category><![CDATA[China Trade Import Export]]></category>
		<category><![CDATA[Investment China]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[deal]]></category>
		<category><![CDATA[economy]]></category>
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		<category><![CDATA[solution]]></category>
		<category><![CDATA[U.S.]]></category>

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		<description><![CDATA[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 [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.bpovia.com/blog/wp-content/uploads/2009/10/APHO200909280063M.jpg"><img style="border-right: 0px;border-top: 0px;margin: 5px 5px 0px 0px;border-left: 0px;border-bottom: 0px" height="183" alt="APHO200909280063M" src="http://www.bpovia.com/blog/wp-content/uploads/2009/10/APHO200909280063M_thumb.jpg" width="284" align="left" border="0" /></a> Copenhagen’s analysts said that any deals at Copenhagen will need to be supported by the world’s two largest emitters. </p>
<p>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. </p>
<p>The growing concern has<span id="more-2456"></span> recently among politicians and the public around the world, UN climate talks on enlarge the fight against global warming since it has been largely stalled. These make the outcome of the Copenhagen summit uncertain. </p>
<p>The last round of the talk was held in Bangkok between Sept 28 and Oct 9, which resulted in progress to a draft text for a likely agreement, but finally failed to break the deadlock in key areas. </p>
<p>And also China and India were called on to commit to reduce carbon emissions. </p>
<p>But, developing countries will not agree to the reduction without a transfer of financial and tech from rich nations. </p>
<p>The head of the Institute of US Studies Yuan Peng, which affiliated to the China Institute of Contemporary International Relations said that a compromises calls from the US to agree to the tech transfer while China must agree to a detailed carbon reduction target. </p>
<p>He also said that the US has to accept that China, coz as a developing country is not in the position to commit to a binding emission reduction target. </p>
<p>Maria Cantwell, who is the Washington senator, said early last month that the US and China are likely to sign an agreement to combat climate change during Obama’s visit to Beijing in November. Also said any deal between thee two countries would bring back the global confidences in the fight against global warming. </p>
<p style="height: 10px">&nbsp;</p>
<p><em>Are you interested in the business opportunities in China?</em></p>
<p><em>China is one of the world’s great growth markets and is likely to be for many years to come. Foreign companies often face difficulties in assessing Chinese market demand and enacting effective strategies because of the language barriers, culture differences, and high expense.</em></p>
<p><em><a href="http://www.bpovia.com">BPOVIA</a> is the leading <a href="http://www.bpovia.com/virtual-assistant.html">virtual assistant</a> and <a href="http://www.bpovia.com">Knowledge process outsourcing (KPO)</a> service provider in China. <a href="http://www.bpovia.com/">BPOVIA</a> is the only <a href="http://www.bpovia.com/virtual-assistant.html">virtual assistant</a> company ever been nominated for the prestigious “Red Herring 100 Asia” Awards 2008. Combines international perspective with local know-how, <a href="http://www.bpovia.com">BPOVIA</a> can provide our clients China business development service and help our clients doing successful business in China.</em></p>
<p><em>Please visit <a href="http://www.bpovia.com">http://www.BPOVIA.com/</a> for details about our service.</em> </p>
<p style="height: 10px">&nbsp;</p>
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		<title>Dalian port&#8217;s expectation for Shanghai listing</title>
		<link>http://www.bpovia.com/blog/china-business/dalian-ports-expectation-for-shanghai-listing.html</link>
		<comments>http://www.bpovia.com/blog/china-business/dalian-ports-expectation-for-shanghai-listing.html#comments</comments>
		<pubDate>Thu, 22 Oct 2009 01:08:10 +0000</pubDate>
		<dc:creator>Yvonne Dong</dc:creator>
				<category><![CDATA[China Business]]></category>
		<category><![CDATA[China Business News]]></category>
		<category><![CDATA[China Economy]]></category>
		<category><![CDATA[China Trade Import Export]]></category>
		<category><![CDATA[Investment China]]></category>
		<category><![CDATA[capital]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[Dalian]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Hong Kong]]></category>
		<category><![CDATA[port]]></category>
		<category><![CDATA[Shanghai]]></category>

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		<description><![CDATA[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 [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.bpovia.com/blog/wp-content/uploads/2009/10/daliangang.jpg"><img style="border-right: 0px;border-top: 0px;margin: 5px 5px 0px 0px;border-left: 0px;border-bottom: 0px" height="204" alt="daliangang" src="http://www.bpovia.com/blog/wp-content/uploads/2009/10/daliangang_thumb.jpg" width="304" align="right" border="0" /></a> 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.</p>
<p>The company was listed in Hong Kong in 2006 which means it will become China’s first port with a dual listing.</p>
<p>And also the Dalian Port is the biggest port operator in Bohai Bay which<span id="more-2453"></span> is located in the northeastern China; it focuses on container and crude oil.</p>
<p>The company said this month that it will issue no more than 1.2 billion A shares in Shanghai and no more than 1.2 billion shares to its parent (Dalian Port Co Ltd), expecting to raise a total of 2.8 billion yuan.</p>
<p>Currently the company is holding 3 billion shares and the holding of its parent will be reduced from 60 percent to 55 percent after the share issue.</p>
<p>The executive director of Dalian Port, Zhang Fengge said that assume 3.67 yuan per share as the offering price, and the asset acquisition earned 14 million yuan this year, the dilution effect to H shares may be offset and the earning per share will increaser 0.7 percent.</p>
<p>Funds raised earnings will be used for the construction of dock infrastructure and bulk cargo dock facilities, as well as bank repayment.</p>
<p>Sun also said that the port would increase capital expenditure next year to 3 billion yuan after an asset acquisition from its parent Dalian Port Co Ltd, up from 2 billion yuan this year. And after that asset acquisition, it would enjoy a big market share. And the net profit may rise to 140 million yuan.</p>
<p>Dalian Port accomplished throughput of 185 million tons, an 11.9-percent rise on the previous year, and an 18.1-percent rise in containers to 4.5 million 20-foot equivalent units (TEUs). More than 90 percent of trade containers in northeastern China move through the port to go abroad.</p>
<p>The port aims to boost throughput by 10percent next year from this year’s expected throughput. Its passenger roll-on, roll-off terminal experienced a 50-percent rise on both throughput and revenue in the first half year of 2009.</p>
<p>China port operators have been reporting gradually improving volumes after the deepest slump in global trade because of the economic slowdown.</p>
<p>There is still growth in cargo volumes last month compare to the year earlier, posted by China’s Yangtze River Delta. Cargo throughput at Shanghai rose 5.8 percent year on year to 33.28 million tons last month, according to Shanghai International Port Group (SIPG).</p>
<p>The Baltic Dry Index reached a seven-month high point this week, boosting optimism for port business in the fourth quarter and early next year.</p>
<p>Qingdao, another high rated port, is also gearing up for its IPO as the seventh largest port worldwide and first container transfer port in China.</p>
<p>Tian Guangwen, the vice-president of Qingdao port said that they have been preparing for year, he said that they ran for H shares at first but this year they restarted the application for A share listing and wish to go to the market as a whole.</p>
<p>He also said that it is good news for Dalian. Their IPO will not be for capital raising but for better development.</p>
<p style="height: 10px">&nbsp;</p>
<p><em>Are you interested in the business opportunities in China?</em></p>
<p><em>China is one of the world’s great growth markets and is likely to be for many years to come. Foreign companies often face difficulties in assessing Chinese market demand and enacting effective strategies because of the language barriers, culture differences, and high expense.</em></p>
<p><em><a href="http://www.bpovia.com">BPOVIA</a> is the leading <a href="http://www.bpovia.com/virtual-assistant.html">virtual assistant</a> and <a href="http://www.bpovia.com">Knowledge process outsourcing (KPO)</a> service provider in China. <a href="http://www.bpovia.com/">BPOVIA</a> is the only <a href="http://www.bpovia.com/virtual-assistant.html">virtual assistant</a> company ever been nominated for the prestigious “Red Herring 100 Asia” Awards 2008. Combines international perspective with local know-how, <a href="http://www.bpovia.com">BPOVIA</a> can provide our clients China business development service and help our clients doing successful business in China.</em></p>
<p><em>Please visit <a href="http://www.bpovia.com">http://www.BPOVIA.com/</a> for details about our service.</em> </p>
<p style="height: 10px">&nbsp;</p>
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		<title>CNPC cooperates with BP to develop Iraqi oilfield</title>
		<link>http://www.bpovia.com/blog/china-business/cnpc-cooperates-with-bp-to-develop-iraqi-oilfield.html</link>
		<comments>http://www.bpovia.com/blog/china-business/cnpc-cooperates-with-bp-to-develop-iraqi-oilfield.html#comments</comments>
		<pubDate>Mon, 12 Oct 2009 03:48:06 +0000</pubDate>
		<dc:creator>Yvonne Dong</dc:creator>
				<category><![CDATA[China Business]]></category>
		<category><![CDATA[China Business News]]></category>
		<category><![CDATA[China Consumer Market]]></category>
		<category><![CDATA[China Economy]]></category>
		<category><![CDATA[China Finance and Banking]]></category>
		<category><![CDATA[China Trade Import Export]]></category>
		<category><![CDATA[Investment China]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[CNPC]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Iraqi]]></category>
		<category><![CDATA[oilfield]]></category>
		<category><![CDATA[Rumaila]]></category>

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		<description><![CDATA[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 [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.bpovia.com/blog/wp-content/uploads/2009/10/cnpcandbp.jpg"><img style="border-right: 0px;border-top: 0px;margin: 5px 5px 0px 0px;border-left: 0px;border-bottom: 0px" height="204" alt="cnpc and bp" src="http://www.bpovia.com/blog/wp-content/uploads/2009/10/cnpcandbp_thumb.jpg" width="304" align="right" border="0" /></a> 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. </p>
<p>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<span id="more-2440"></span> signing day. </p>
<p>According to Asim’s speech, the deal requires an investment of more that $15 billion. The State-run South Oil Company will represent the ministry to sign the agreement together with CNPC and BP. </p>
<p>A BP spokesman confirmed the statement that the contract was waiting approval from the Iraqi government after the initial treaty had been made. </p>
<p>He regarded it as a significant milestone. On behalf of BP, he said that he would like to sign the final agreement before the end of the year. CNPC had not prepared well to make comment. </p>
<p>Until BP and CNPC had cut their proposed remuneration fee to $2 per barrel, they finally won the Rumaila deal. In its June auction, Irap offered eight contracts in total. </p>
<p>Rumaila is the largest producing oilfield in Irap, with almost half of the country’s total output of 2.4 million barrels per day (BPD), 1.1 million BPD currently. It is estimated that the field’s reserves can be as much as 17 billion barrels. </p>
<p>Over the 20-year contract, BP and CNPC set their goal to facilitate their output to 2.85 million barrels a day. </p>
<p>In regard to the service contract, BP holds a 38 percent stake in the Rumaila venture, with CNPC 37 percent and Iraq’s State Oil Marketing Organization 25 percent. </p>
<p>The contract of Rumaila aims at injecting foreign cash to overhaul dilapidated facilities and outdated practices. </p>
<p>The recent report by the Chinese Academy of Social Sciences shows that the overseas expansion accords with China’s increasing oil imports. As over 60 percent of China’s oil consumption will be met by imports in 2020, said by analysts. </p>
<p>Lin Boqiang, director of China Energy Economic Research Center at Xiamen University said that as they need international giant partners to reduce the risks, the cooperative module benefits oil companies a lot.” Domestic oil companies speed up their pace to expand overseas market. Anyhow, in the aspect of international operations, they have really poor experience. </p>
<p>Lin also said that in the latter stages of oilfield exploitation, there would be more business opportunities. So the most significant part of the deal was to enter the international market and achieve as much experience as possible.</p>
<p style="height: 10px">&nbsp;</p>
<p><em>Are you interested in the business opportunities in China?</em></p>
<p><em>China is one of the world’s great growth markets and is likely to be for many years to come. Foreign companies often face difficulties in assessing Chinese market demand and enacting effective strategies because of the language barriers, culture differences, and high expense.</em></p>
<p><em><a href="http://www.bpovia.com">BPOVIA</a> is the leading <a href="http://www.bpovia.com/virtual-assistant.html">virtual assistant</a> and <a href="http://www.bpovia.com">Knowledge process outsourcing (KPO)</a> service provider in China. <a href="http://www.bpovia.com/">BPOVIA</a> is the only <a href="http://www.bpovia.com/virtual-assistant.html">virtual assistant</a> company ever been nominated for the prestigious “Red Herring 100 Asia” Awards 2008. Combines international perspective with local know-how, <a href="http://www.bpovia.com">BPOVIA</a> can provide our clients China business development service and help our clients doing successful business in China.</em></p>
<p><em>Please visit <a href="http://www.bpovia.com">http://www.BPOVIA.com/</a> for details about our service.</em> </p>
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		<title>Recent announcement of Fujian island&#8217;s big plans</title>
		<link>http://www.bpovia.com/blog/china-business/recent-announcement-of-fujian-islands-big-plans.html</link>
		<comments>http://www.bpovia.com/blog/china-business/recent-announcement-of-fujian-islands-big-plans.html#comments</comments>
		<pubDate>Wed, 07 Oct 2009 01:51:52 +0000</pubDate>
		<dc:creator>Yvonne Dong</dc:creator>
				<category><![CDATA[China Business]]></category>
		<category><![CDATA[China Business News]]></category>
		<category><![CDATA[China Consumer Market]]></category>
		<category><![CDATA[China Economy]]></category>
		<category><![CDATA[China Trade Import Export]]></category>
		<category><![CDATA[Internet and Hi-Tech]]></category>
		<category><![CDATA[Investment China]]></category>
		<category><![CDATA[announcement]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Fujian]]></category>
		<category><![CDATA[island]]></category>
		<category><![CDATA[plan]]></category>
		<category><![CDATA[Taiwan]]></category>

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		<description><![CDATA[On sep.27, a latest announcement was revealed by Fujian provincial authorities. It is&#160; 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. [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.bpovia.com/blog/wp-content/uploads/2009/10/pingtan.jpg"><img style="border-right: 0px;border-top: 0px;margin: 5px 5px 0px 0px;border-left: 0px;border-bottom: 0px" height="254" alt="pingtan" src="http://www.bpovia.com/blog/wp-content/uploads/2009/10/pingtan_thumb.jpg" width="284" align="right" border="0" /></a>On sep.27, a latest announcement was revealed by Fujian provincial authorities. It is&#160; announced that in order to further industrial cooperation with Taiwan, Pingtan Island is to be set up as a special economic zone. </p>
<p>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. </p>
<p>In order to bring benefit for<span id="more-2434"></span> both sides as well as to create a series of preferential policies for Taiwan investors, Pingtan Island is considered to be built into a pioneering area regarding exchange and cooperation cross the strait. </p>
<p>On the same day, Chen Hua, Fujian’s deputy governor made a speech to the public. He stressed the importance of maintaining the island’s original appearance above all. He also confirmed the island’s specific status in enhancing cross-straits industrial cooperation based on its unique and strategic location. </p>
<p>According to Chen’s imagine, Pingtan Island will be equipped with a modern industrial system which is characteristic as well as mutually-beneficial. It will become a frontier platform for cross-straits cooperation in the near future. </p>
<p>The cultural and business ties between Fujian and Taiwan are inseparably close. There are over 10000 Taiwan businessmen and women who dwell in Fujian permanently. </p>
<p>Fujian is the ancestral home for more than 80 percent of Taiwanese. So it is hardly surprising that most Taiwan’s culture, beliefs and arts were inherited from Fujian. </p>
<p>There are direct cross-straits flights in Xiamen and Fuzhou airports, with Xiamen Airlines being the first mainland airline to have a subsidiary in Taiwan.</p>
<p style="height: 10px">&nbsp;</p>
<p><em>Are you interested in the business opportunities in China?</em></p>
<p><em>China is one of the world’s great growth markets and is likely to be for many years to come. Foreign companies often face difficulties in assessing Chinese market demand and enacting effective strategies because of the language barriers, culture differences, and high expense.</em></p>
<p><em><a href="http://www.bpovia.com">BPOVIA</a> is the leading <a href="http://www.bpovia.com/virtual-assistant.html">virtual assistant</a> and <a href="http://www.bpovia.com">Knowledge process outsourcing (KPO)</a> service provider in China. <a href="http://www.bpovia.com/">BPOVIA</a> is the only <a href="http://www.bpovia.com/virtual-assistant.html">virtual assistant</a> company ever been nominated for the prestigious “Red Herring 100 Asia” Awards 2008. Combines international perspective with local know-how, <a href="http://www.bpovia.com">BPOVIA</a> can provide our clients China business development service and help our clients doing successful business in China.</em></p>
<p><em>Please visit <a href="http://www.bpovia.com">http://www.BPOVIA.com/</a> for details about our service.</em> </p>
<p style="height: 10px">&nbsp;</p>
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		<title>Sinopec made a deal with Addax for $7.3billion</title>
		<link>http://www.bpovia.com/blog/china-business/sinopec-made-a-deal-with-addax-for-7-3billion.html</link>
		<comments>http://www.bpovia.com/blog/china-business/sinopec-made-a-deal-with-addax-for-7-3billion.html#comments</comments>
		<pubDate>Thu, 06 Aug 2009 07:12:34 +0000</pubDate>
		<dc:creator>Yvonne Dong</dc:creator>
				<category><![CDATA[China Business]]></category>
		<category><![CDATA[China Business News]]></category>
		<category><![CDATA[China Consumer Market]]></category>
		<category><![CDATA[China Economy]]></category>
		<category><![CDATA[China Finance and Banking]]></category>
		<category><![CDATA[China Trade Import Export]]></category>
		<category><![CDATA[Investment China]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[company]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[gas]]></category>
		<category><![CDATA[oil]]></category>
		<category><![CDATA[Sinopec]]></category>

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		<description><![CDATA[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 [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.bpovia.com/blog/wp-content/uploads/2009/08/sinopecafp240.jpg"><img style="border-right: 0px;border-top: 0px;margin: 5px 5px 0px 0px;border-left: 0px;border-bottom: 0px" height="192" alt="sinopec-afp240" src="http://www.bpovia.com/blog/wp-content/uploads/2009/08/sinopecafp240_thumb.jpg" width="254" align="right" border="0" /></a> 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. </p>
<p>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<span id="more-2381"></span> claimed that they would pay C$52.80 ($45) per share to buy the corporation, in cash. </p>
<p>They declared that buying this company will help SIPC to reach its goal of thriving in the market of West Africa and Iraq, enhancing its business in the whole world and making its offshore oil and gas assets portfolio more flexible. Besides, Addax Petroleum has great exploration potential, which will contribute to SIPC’s promising future, especially its offshore deepwater exploration projects. </p>
<p>Though Addax is based in Geneva, its shares are sold in Toronto and London. At the end of 2008, this company had 536 million barrels of oil reserves, including the present and the estimated ones, with the mean production of about 140,000 barrels of oil everyday, which means the annual production is 7 millions tons.&#160;&#160; </p>
<p>Most of Addax’s oil and gas assets are located in West Africa and the Middle East, and the most important ones are in Nigeria. From January to March, as the company said, it produced 134,730 barrels of oil per day. At least 75% of its production was from the assets in Nigeria. </p>
<p>Before the day Addax declared that it was taken over by Sinopec, the price of C$52.80 per share is at a 47 percent premium to Addax’s closing share price on June 5. Experts said that Sinopec’s purchase was “wise”, because the oil and gas assets had been reducing in value, due to the worldwide economic recession. </p>
<p>According to Lin Baoqiang, director of the China Center for Energy Economics Research of Xiamen University, it is good time for Chinese oil companies to make overseas investment for the current low price. The price of crude oil has declined more than 50 percent comparing with the $147 per barrel of last July. </p>
<p>Analysts said this deal indicates that the largest refiner in Asia, Sinopec is to further expand its upstream assets abroad. Han Xiaoping, energy analyst with Beijing Falcon Pioneer Technology Co. said that Sinopec’s deal also conforms to the government’s energy strategy to diversify China’s energy supplies. </p>
<p>As China’s imported oil accounts for nearly half of the total oil consumption, specialists have called for a diversified source of oil importing to search for more sustainable supplies. </p>
<p>In recent years, Sinopec, China National Petroleum Corp (CNPC) and China National Offshore Oil Corp (CNOOC), China’s three major oil companies, have all speeded up their overseas expansion. </p>
<p>It is reported that China’s largest oil producer, CNPC, is negotiating with Mongolia this month about exploration and production opportunities. According to Bloomberg News’s interview of Galsan Batsukh, Mongolia’s ambassador to China, the talks will cover investing on a refinery as well as transportation and storage facilities. He said a pipeline from Mongolia to the bordering Chinese province of Inner Mongolia is included in the long-term plans. </p>
<p style="height: 10px">&nbsp;</p>
<p><em>Are you interested in the business opportunities in China?</em></p>
<p><em>China is one of the world’s great growth markets and is likely to be for many years to come. Foreign companies often face difficulties in assessing Chinese market demand and enacting effective strategies because of the language barriers, culture differences, and high expense.</em></p>
<p><em><a href="http://www.bpovia.com">BPOVIA</a> is the leading <a href="http://www.bpovia.com/virtual-assistant.html">virtual assistant</a> and <a href="http://www.bpovia.com">Knowledge process outsourcing (KPO)</a> service provider in China. <a href="http://www.bpovia.com/">BPOVIA</a> is the only <a href="http://www.bpovia.com/virtual-assistant.html">virtual assistant</a> company ever been nominated for the prestigious “Red Herring 100 Asia” Awards 2008. Combines international perspective with local know-how, <a href="http://www.bpovia.com">BPOVIA</a> can provide our clients China business development service and help our clients doing successful business in China.</em></p>
<p><em>Please visit <a href="http://www.bpovia.com">http://www.BPOVIA.com/</a> for details about our service.</em> </p>
<p style="height: 10px">&nbsp;</p>
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		<title>Overseas investment still ranked behind foreign direct investment</title>
		<link>http://www.bpovia.com/blog/china-business/overseas-investment-still-ranked-behind-foreign-direct-investment.html</link>
		<comments>http://www.bpovia.com/blog/china-business/overseas-investment-still-ranked-behind-foreign-direct-investment.html#comments</comments>
		<pubDate>Fri, 17 Jul 2009 09:42:21 +0000</pubDate>
		<dc:creator>Yvonne Dong</dc:creator>
				<category><![CDATA[China Business]]></category>
		<category><![CDATA[China Business News]]></category>
		<category><![CDATA[China Consumer Market]]></category>
		<category><![CDATA[China Economy]]></category>
		<category><![CDATA[China Finance and Banking]]></category>
		<category><![CDATA[China Trade Import Export]]></category>
		<category><![CDATA[Investment China]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[enterprise]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[organization]]></category>

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		<description><![CDATA[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 [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.bpovia.com/blog/wp-content/uploads/2009/07/haiwaitouzi.jpg"><img style="border-right: 0px; border-top: 0px; display: inline; margin: 5px 5px 0px 0px; border-left: 0px; border-bottom: 0px" height="216" alt="haiwaitouzi" src="http://www.bpovia.com/blog/wp-content/uploads/2009/07/haiwaitouzi_thumb.jpg" width="254" align="left" border="0" /></a> 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. </p>
<p>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. </p>
<p>  <span id="more-2375"></span>
<p>Although Chinese National Petroleum Corp, working together with British energy giant BP, got the chance to develop Iraq’s biggest oilfield on Tuesday, it is still unlikely to raise dramatically ODI in 2009 because the past several months’ deals are made up of the large quantity of small volume. </p>
<p>A press conference in the morning of July 2 was hold by the Ministry of Commerce at the 13th China International Fair for Investment and Trade. ODI prospects are expected to be discussed at this fair. </p>
<p>“Although there are rising cases of ODI, the volume is still decreasing. This is because lots of cases are mall,” said Chen Rongkai, a division director at the Ministry of Commerce. </p>
<p>During January to March, ODI cases increase by 7% to 445, but the volume was down by a lot, said Caijing magazine. Ministry officials who did not reveal the figures told that to the magazine. We will soon see the first-half ODI. </p>
<p>The officials said the government would stage policies to stimulate ODI to seize the opportunities coming from the economic crisis. </p>
<p>In June, the government said it would cancel the curbs in foreign exchange from Aug 1 on companies that want to invest abroad with up to $30 billion expected to flow overseas. </p>
<p>In March, the commerce ministry said local governments had been increasing powers for supporting ODI. </p>
<p>“More measures will be carried out to encourage Chinese ODI,” Chen said. </p>
<p>Because of the financial crisis, many foreign companies want to sell assets and Chinese companies want to expand overseas. Many people forecast a increasing of ODI. They anticipated that it could even outpace the FDI, which has shrunk for 8 consecutive months. The trend would continue until early in 2010. </p>
<p>Standard Chartered Bank said in April that Chinese ODI could reach $150-180 billion this year, much larger than the FDI ($80-100). </p>
<p>Compared to last year, Chinese ODI almost doubled from 52.1 billion, while FDI was $92.4 billion. </p>
<p>Li Jianfeng, macro-economy analyst at Shanghai Securities, said: “ODI would not easily surpass FDI even though the FDI is not growing at present. ODI growth will be slow. ” </p>
<p>At the same time, protectionist and national security barriers will make it difficult for Chinese companies to plan large scale overseas investment, said industry insiders. </p>
<p>Li Jianfeng pointed out that ODI brings benefits to reduce the growing pressure of china due to the increasing foreign exchange reserves and to internationalize the yuan.</p>
<p style="height: 10px;">&nbsp;</p>
<p><em>Are you interested in the business opportunities in China?</em></p>
<p><em>China is one of the world’s great growth markets and is likely to be for many years to come. Foreign companies often face difficulties in assessing Chinese market demand and enacting effective strategies because of the language barriers, culture differences, and high expense.</em></p>
<p><em><a href="http://www.bpovia.com">BPOVIA</a> is the leading <a href="http://www.bpovia.com/virtual-assistant.html">virtual assistant</a> and <a href="http://www.bpovia.com">Knowledge process outsourcing (KPO)</a> service provider in China. <a href="http://www.bpovia.com/">BPOVIA</a> is the only <a href="http://www.bpovia.com/virtual-assistant.html">virtual assistant</a> company ever been nominated for the prestigious “Red Herring 100 Asia” Awards 2008. Combines international perspective with local know-how, <a href="http://www.bpovia.com">BPOVIA</a> can provide our clients China business development service and help our clients doing successful business in China.</em></p>
<p><em>Please visit <a href="http://www.bpovia.com">http://www.BPOVIA.com/</a> for details about our service.</em> </p>
<p style="height: 10px;">&nbsp;</p>
<p>
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		<title>Foreign joint venture funds face fierce competition</title>
		<link>http://www.bpovia.com/blog/china-business/foreign-joint-venture-funds-face-fierce-competition.html</link>
		<comments>http://www.bpovia.com/blog/china-business/foreign-joint-venture-funds-face-fierce-competition.html#comments</comments>
		<pubDate>Thu, 16 Jul 2009 09:37:52 +0000</pubDate>
		<dc:creator>Yvonne Dong</dc:creator>
				<category><![CDATA[China Business]]></category>
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		<category><![CDATA[China Consumer Market]]></category>
		<category><![CDATA[China Economy]]></category>
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		<category><![CDATA[China]]></category>
		<category><![CDATA[competition]]></category>
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		<guid isPermaLink="false">http://www.bpovia.com/blog/china-business/foreign-joint-venture-funds-face-fierce-competition.html</guid>
		<description><![CDATA[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 [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.bpovia.com/blog/wp-content/uploads/2009/07/guoneitouzi.jpg"><img style="border-right: 0px; border-top: 0px; display: inline; margin: 5px 5px 0px 0px; border-left: 0px; border-bottom: 0px" height="178" alt="guoneitouzi" src="http://www.bpovia.com/blog/wp-content/uploads/2009/07/guoneitouzi_thumb.jpg" width="254" align="left" border="0" /></a> 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. </p>
<p>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<span id="more-2372"></span> such foreign joint fund management firms in china, showed that the fully owned domestic funs firms, viewed as their greatest competitive threat, has ranked the second place in regards to threat perception in this year instead of the 16th position in 2007. </p>
<p>Alex Wong, a partner with PwC, said that because the expanding domestic fund management firms are a more stable and long-term development way to fund managers, domestic ones these days are winning the competitive edge over Foreign joint venture fund management firms. </p>
<p>He pointed out that it is because of the better career prospects in views of staff recruitment that fund management chose to work for foreign joint venture fund management companies before 2007. But nowadays, such advantages are less obvious since domestic fund firms are providing a more comprehensive product line-up and are more likely to get a new product launched and approved in China. </p>
<p>Nevertheless, the survey revealed significant growth by 2012 would been achieved by most foreign joint venture fund management firms in China, or about 66 percent of them their under their anticipation. This shows no evidence at this moment that the global financial crisis has lead to scale back or withdraw funds from China. </p>
<p>As the survey revealed that a “flat-to-moderate” growth is expected by foreign joint venture fund management firms from this year to the next three years. </p>
<p>Generally speaking, they hope to achieve a 101percent in the overall projected assets under management by 2012, in the hope of elevating the number of Chinese retail investors growing from the current 33.8 million to almost 69 million. </p>
<p>According to the survey, Fund managers at these joint venture asset Management firms also believe that the existing product performance should been improved and new products and distribution channels developed over the next three years if they want to increase profitability. </p>
<p>They predicted that qualified domestic institutional investors (QDII) would present a significant opportunity in the long term despite of their poor performance. </p>
<p>Robert Grome, an the senior partner with PwC said that mainland investors should have faiths in the QDII product , which is, conceptually, sound and will be very successful in providing profitable international market exposure. </p>
<p>According to the industry-wide data for the fourth quarter last year, 45.5 percent of the overall market share in views of assets is hold by the foreign joint venture fund management firms, achieving an AUM of 882 billion yuan. They had 224 funds under the management at the tail of 2008.</p>
<p style="height: 10px;">&nbsp;</p>
<p><em>Are you interested in the business opportunities in China?</em></p>
<p><em>China is one of the world’s great growth markets and is likely to be for many years to come. Foreign companies often face difficulties in assessing Chinese market demand and enacting effective strategies because of the language barriers, culture differences, and high expense.</em></p>
<p><em><a href="http://www.bpovia.com">BPOVIA</a> is the leading <a href="http://www.bpovia.com/virtual-assistant.html">virtual assistant</a> and <a href="http://www.bpovia.com">Knowledge process outsourcing (KPO)</a> service provider in China. <a href="http://www.bpovia.com/">BPOVIA</a> is the only <a href="http://www.bpovia.com/virtual-assistant.html">virtual assistant</a> company ever been nominated for the prestigious “Red Herring 100 Asia” Awards 2008. Combines international perspective with local know-how, <a href="http://www.bpovia.com">BPOVIA</a> can provide our clients China business development service and help our clients doing successful business in China.</em></p>
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		<title>Z-park innovation booming in China</title>
		<link>http://www.bpovia.com/blog/china-outsourcing/z-park-innovation-booming-in-china.html</link>
		<comments>http://www.bpovia.com/blog/china-outsourcing/z-park-innovation-booming-in-china.html#comments</comments>
		<pubDate>Wed, 15 Jul 2009 02:30:03 +0000</pubDate>
		<dc:creator>Yvonne Dong</dc:creator>
				<category><![CDATA[China Business]]></category>
		<category><![CDATA[China Business News]]></category>
		<category><![CDATA[China Consumer Market]]></category>
		<category><![CDATA[China Economy]]></category>
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		<category><![CDATA[innovation]]></category>
		<category><![CDATA[park]]></category>
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		<guid isPermaLink="false">http://www.bpovia.com/blog/china-outsourcing/z-park-innovation-booming-in-china.html</guid>
		<description><![CDATA[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 [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.bpovia.com/blog/wp-content/uploads/2009/07/Beijingzhongguancun.jpg"><img style="border-right: 0px; border-top: 0px; display: inline; margin: 5px 5px 0px 0px; border-left: 0px; border-bottom: 0px" height="215" alt="Beijingzhongguancun" src="http://www.bpovia.com/blog/wp-content/uploads/2009/07/Beijingzhongguancun_thumb.jpg" width="284" align="left" border="0" /></a> The first State-level demonstration zone for independent innovation construction was constructed in Zhongguancun Science Park in Beijing’s Haidian district on 21st March. </p>
<p>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. </p>
<p>The State Council also announced a statement that the scientific and technological pilot programs could be carried out.<span id="more-2366"></span> That included the universities and colleges and research institutes which would be settled within the park. Those small- and medium-sized enterprises engaged in scientific and technological activities would also enjoy a loan support from the bank, which is encouraged by the government. </p>
<p>New industries participating in major national scientific and technological projects, especially in areas like electronics, biopharmaceuticals, aviation and space, new materials, clean energy, modern agriculture and pollution reduction would primarily be supported. If there were problems, limited concern should be given. Formulate supportive policies would be generated from the ministerial-level coordination team which was set up by the Ministry of Science and Technology. All those policies are encouraged to attract elite people with incredible innovation. Furthermore, the enterprises that can influence the whole world are welcome to establish within the park. More fantastic than that, by the end of 2020, Zhongguancun zone will turn out to be a world wide scientific and technological innovation center with the help of these policies. </p>
<p>Beijing Party Secretary Liu Qi said the government would do all its effort to make the park a leading center for independent innovation. </p>
<p>As the China’s Silicon Valley, Zhongguancn Science Park had become the scientific and technology zone in 1988. However, in the 1980s, it just was an electronics street back that time. In 1988, it had already owned 1.4 billion yuan. Astonishingly, by the end of 2008, its total income increased 700 times. Because the uniqueness of this region, around half of the foreign funds are attracted thanks to that. And almost half of the Chinese corporations are listed on the NASDAQ. </p>
<p>Tsinghua University President Gu Binglin is supportive to the new policies too. The creativity of teachers and professors as well as other scientific and research personnel would be motivated. And also the scientific and technological transfer would be stimulated. Lenovo Chairman Liu Chuanzhi said his company would take on some major national projects and also establish a top notch research institute.</p>
<p style="height: 10px;">&nbsp;</p>
<p><em>Are you interested in the business opportunities in China?</em></p>
<p><em>China is one of the world’s great growth markets and is likely to be for many years to come. Foreign companies often face difficulties in assessing Chinese market demand and enacting effective strategies because of the language barriers, culture differences, and high expense.</em></p>
<p><em><a href="http://www.bpovia.com">BPOVIA</a> is the leading <a href="http://www.bpovia.com/virtual-assistant.html">virtual assistant</a> and <a href="http://www.bpovia.com">Knowledge process outsourcing (KPO)</a> service provider in China. <a href="http://www.bpovia.com/">BPOVIA</a> is the only <a href="http://www.bpovia.com/virtual-assistant.html">virtual assistant</a> company ever been nominated for the prestigious “Red Herring 100 Asia” Awards 2008. Combines international perspective with local know-how, <a href="http://www.bpovia.com">BPOVIA</a> can provide our clients China business development service and help our clients doing successful business in China.</em></p>
<p><em>Please visit <a href="http://www.bpovia.com">http://www.BPOVIA.com/</a> for details about our service.</em> </p>
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