According to a recent survey conducted by the American Chamber of Commerce (AmCham) in Shanghai and consultants Booz Allen Hamilton, costs have climbed so dramatically that about 17 percent of multinational manufacturers in China have decided to shift their operations to other low-cost countries.
As China’s operating environment becomes more competitive and costs increase, multinationals need to Read more…
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China, cost, integrate, manufacturer, profitability
Gulou, ranking fifth among the nation’s 35 major cities in the capacity to develop a headquarters economy, is attracting international company head offices which is the mode used increasingly across the country. In a bid to attract yet more companies, Gulou district has adjusted its economic and industrial structure.
Covering about one-tenth of Nanjing, Gulou accounts for nearly one-third of the city revenues, ranking first among the six urban districts. According to Bao Yongan, district Party secretary, one of the most important reason for its high revenues is they have focused on developing the headquarter economy, which also boosts development of the modern services industry in the city—an important strategy to optimize their industrial structure. They seized the opportunity in recent years when big domestic and international companies Read more…
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central, China, district, Gulou, nanjing
A crowd of young people has been abroad to further their study since the first group of 30 Chinese schoolboys moved to the United States to study science and technology in 1872.
Based on the figures from the Ministry of Education, between 1978, the year China launched the policy of reform and opening up, and the end of 2007, more than 1.2 million Chinese students headed overseas to study, of whom 319,700 later came back home.
Last year alone, Read more…
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abroad, China, figure, further, study
The financial turbulence has greatly affected China’s exports, and it lowered the expectations of China’s exporters as the country’s leading trade fair which is mainly known as the Canton Fair. The fair was opened yesterday. The autumn session of the biennial fair in Guangzhou is considered as the barometer of Chinese exports and imports, which will run till Nov 6, lasting for 15 days all together.
The number of booths this year is 53,000, 10,000 more than last time. Despite the encouraging changes, businessmen and analysts still have taken a cautious attitude toward China’s export prospects because of the global financial crisis, fluctuations in raw material prices, Read more…
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canton, China, crisis, fair, global
Shanghai International Port (Group) Co, who operates the world’s second-busiest container harbor, said profit rose 23 percent last year as China’s trade growth boosted demand for sea transportation.
Net income rises to 3.64 billion yuan, or 0.17 yuan a share, from 2.97 billion yuan, or 0.14 yuan, a year earlier, announced by the company in a Shanghai Stock Exchange statement yesterday. Sales climbed to 16.3 billion yuan, up 27 percent.
Read more…
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China, container, harbor, port, Shanghai
The world’s finest banking system is in Canada, tightly followed by Sweden, Luxemburg and Australia. This was revealed by a survey of the World Economic Forum as the world market was bewildered by financial crisis.
But Britain, which used to be included in the top five, has declined to 44th behind EI Salvador and Peru, after its government pledged 50 billion pound into the market to inspire bank balance sheets.
While some of the biggest financial names on Wall Street have Read more…
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banking, Canada, China, finest, system
According to the local bureau of commerce, as the booming of the outsourcing services in China, Beijing’s Haidian district will have further development in outsourcing industry focusing on the software improvement and information service.
Beijing occupied 70 percent of China’s service outsourcing market with its hundreds of service outsourcing Read more…
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boom, China, Haidian, Outsourcing, service
As we all know, the global economic has slumped badly and the aviation industry is through a downturn. Sosome airlines in other countries have gone bankrupt and airports have suffered from the economic downturn and soaring oil prices. However, China’s aviation market is developing very well.
Just as what Dong Zhiyi, general manager of the Beijing Capital International Airport Co Ltd, said on the sidelinesof the 14th World Route Development Forum in Read more…
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air, Beijing, China, hub, international
As part of China’s efforts to push the development in the Yangtze River Delta and improve the economic integration, the longest cross-sea bridge in the world was opened to traffic on May 1st this year.
Hundreds of people participated in the opening ceremony and tens of thousands others gathered together on the banks of the bay performing dragon dances in traditional costumes to celebrate this event.
The Read more…
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China, cross-sea, longest, Ningbo, Zhejiang
China’s software sector is booming, but it will be years before it threatens Indian rivals, such as Infosys, because of its small sizes and lack of experience. For now, Chinese firms are attracting venture funding and expanding staff for future growth.
The total value of software and services exported from China was estimated $1.8 billion in 2006, which is only small amount compared with India’s $41 billion export revenue. But the value of software and Read more…
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boom, China, experience, sector, software
