Under the adversary of financial crisis, however, we also receive some good news from time to time. According to the recent report from the United Nations, China has successfully surpassed its main opponents the U.S and become the world most attractive destination for the research and development (R&D) investment. Meanwhile, the report also reveals that there are more 60% of the multinational companies setting up R&D centers in China, which has a long lead on this realm. What is more, the contribution of R&D investment as a percentage of China’s GNP has turned to 1.5 % instead of the 0.6 % in 1996. What the achievement enlightens to us is not only the great leap in economy, but also the innovation about the notion of people in China. We respect the science and technology than any time in history and we try to provide the suitable environment for the development of the research and development investment. Some experts even assert that if the companies have not set up R&D research center in China, they would do so soon. Read more…
Popularity: 2% [?]
China Economy, Financial crisis, joint ventures, R & D
In spite of the current economy recession, a home-grown restaurant chain South Beauty Group has got a 300 million yuan investment.
200 million yuan of the capital are from CDH Investments, a Beijing-based private capital firm and the rest belong to China International Capital Corporation (CICC), an investment bank in which Morgan Stanley holds a 34% stake. The two investors combined will hold less than 10% of the restaurant chain.
According to Rong Xuejing, the company’s spokeswoman, the valuation of the deal relates to an initial public offering, which prices the company Read more…
Popularity: 4% [?]
China, economy slowdown, econonmy, Financial crisis, investment, investor
Science and technology are key elements to determine China’s strength, President Hu Jintao said. And his points were proved by the strong resilience the high-tech economic zones have shown.
It is clearly showed that China’s hi-tech Read more…
Popularity: 2% [?]
China, economy, Financial crisis, science, technology
In spite of a 14% growth during the first six months, when over 920 merger and acquisition deals worth $46 billion were transacted in that period, there have been only 543 M&A deals announced in this period.
Based on a report from accounting firm PricewaterhouseCoopers, the M&A deals have decline nearly 47% from July to November.
The accounting firm expects the situation won’t change in the first half of 2009 as pricing expectations align.
According to Xie Tao, Read more…
Popularity: 3% [?]
China, economy, Financial crisis, investment, M&A
According to the provincial labor authority, the situation of the job market will worsen over the next three months as the economic slowdown starts to bite.
The Guangdong labour and social security department pointed out in a press release that in the first 11 months, more than 1.8 million people started their first job, while 626,000 others found new ones after being made redundant.
However the press release Read more…
Popularity: 2% [?]
China, economy, Financial crisis, job market, situation
Thanksgiving Day has come. It is the time that BPOVIA should express their gratitude and thanks to our honored clients and website visitors. Without your support, we may not accomplish so much in the last year; without your unreserved trust, we may not be lucky enough to be nominated as the Finalists for the “Red Herring 100 Asia” Awards 2008. BPOVIA is the first virtual assistant service provider in the world to ever be nominated for this prestigious award.
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Popularity: 6% [?]
BPO, BPOVIA, chinese economy, Financial crisis, Sichuan earthquake, Thanksgiving, Virtual Assistant
In order to create more job opportunities and stimulate the domestic demands, central government has recently taken several approaches to strengthen the infrastructures. The ministry of railway announced that they plan to use 5 trillion yuan ($730 ) to build more new express rail lines and doubt the exist ones.
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Popularity: 3% [?]
China, Financial crisis, infrastructure, Railway construction
