Beijing’s central business district plans to double in size and this plan may involve the relocation of 10,000 households. The government will expand by 3-sq km from the East Third Ring Road near Guomao to the Four Ring Road near Sihui Bridge and it will be completed in the next 6 to 8 years.
This project will attract more major multinational corporations and create 100,000 new jobs. The Chaoyang district government, which is overseeing the project, is keen to turn more Read more…
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business, CBD, China, economy, expansion, government, household
According to a PricewaterhouseCoopers (PwC) report, because of more Chinese Financial institutions expanding their business, the financial services M&As in Asia will be more active.
215 senior financial services executive, of which 20% come from the Chinese mainland and Hong Kong, finished the survey.
The survey showed that comparing with 2008, the figure of respondents intending to make an acquisition increases 4% this year. Most Chinese mainland and Taiwan respondents like to use M&A deals.
Nelson Lou, transaction partner, PwC, said that the keenness in China should owe to stronger balance sheets and fewer use of outbound M&A activity in the past few years. Read more…
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Asia, business, China, economy, Hong Kong, M&A, service
Thanks to the help of US taxpayers and China’s government, General Motors Corp can continue its business, for GM gets a $13.4 billion loan from US taxpayer and $1,170 subsidies from the latter one.
As a result of cut in retail taxes on small vehicles, GM’s minivan venture sales in China have had a 32% rise in the first 2 months. Recently, the government is giving out 5 billion yuan in subsidies in order to promote the auto sales in countryside.
Because of the tax cut and subsidies, GM predicted that it would enjoy a double growth in China. However, in the US market, it saw a 51% slide in the sales, which forced GM to ask for about $16.6 billion aid from government. Read more…
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business, China, economy, government, loan, tax, U.S.
The largest computer maker in China—Lenovo has reorganized its regional operations into two business groups, at the same time, it has also established two product groups to deal with the global financial crisis.
It is said that Lenovo will focus on the developed and emerging market, Milko Van Duijl, Lenovo’s president in EMEA (Europe, the Middle East and Africa) region, will be in charge of the mature market group, such as United States, Japan and Australia market.
In addition, the emerging market which Read more…
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business, China, computer, economy, Lenovo, operation, product
On April 1st, Shanghai launched a new policy, which will enable more people to get loans to start business.
The new policy of Shanghai human resources and social security bureau says that after providing a feasible business plan, any Shanghai citizen under 35 can apply a one-year loan up to 100,000 Yuan ($14,630), which is guaranteed by the government.
An official with the bureau Read more…
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business, China, economy, graduates, loans, Shanghai
According to a survey, in spite of higher operational costs brought by the financial crisis, there are fewer multinational companies focusing on manufacturing planning to relocate their manufacturing facilities out of China.
China is considered by the global business community as an indispensable player in an eventual economic turnaround as multinational manufacturers are strengthening their commitment to China which is probably a vital base of operations for Asia.
Compared with 17 percent of the 108 multinational companies (MNCs) expressing Read more…
Popularity: 2% [?]
business, China, crisis, economy, export, location, manufacturing
Because of the health scares of food, a new way is going to be used by Chinese information and game portal Netease.com to ensure pork a safe quality.
William Ding, Netease founder and CEO said his firm would start feeding over 10,000 swine in Zhejiang province with a pastoral environment and strictly organic diet.
It is said that the process of feeding swine and the journey of the porker from farm to pork will be online for the Read more…
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business, China, economy, food, health, plan, pork, quality
Christmas, once was simply a foreign affair, has now become a big business in China－even during the global economic slowdown.
On Christmas Eve, traffic controls were needed in Xi-shiku Catholic Church located in west Beijing as too many worshippers and visitors crowded here, among which Wang Peng, 29, a stock broker, is one. Even he is not a Read more…
Popularity: 1% [?]
business, China, Christmas, economy, festival
Prologis, the Denver, US-based company will sell its China business to GIC Real Estate (GICRE), the property investment arm of the Government of Singapore Investment Corp, for nearly $1.3 billion to raise cash to pay down debt. Read more…
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business, China, economy, interests, ProLogis, U.S.
Based on the data of China Association of Small and Medium Enterprises, SMEs contribute 60% of China’s GDP but only get less than 25% of total bank loans and receive fewer resources from the government. As the CEO of BPOVIA, one of SMEs in Nanjing, James Huang said, “To make larger contribution to China’s GDP, we need more support to enlarge our business”, the stronger the SMEs are, the better will be for China’s future.
Business experts also said that SMEs deserve more support from the central government.
Long Yongtu, secretary-general of the Boao Forum and former vice-foreign trade minister, once said at a forum to discuss the development of a central business district in Shenzhen that the world’s Read more…
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business, China, economy, GDP, SME, support
Beijing’s central business district plans to double in size and this plan may involve the relocation of 10,000 households. The government will expand by 3-sq km from the East Third Ring Road near Guomao to the Four Ring Road near Sihui Bridge and it will be completed in the next 6 to 8 years. 
