Holding currency
China's trial to allow exporters in a small number of cities to settle their overseas trade in yuan rather than in the US dollar, seen as a major step toward eventually internationalizing the Chinese...
View ArticleHot wheels jump on M&A bandwagon
Industry consolidation and restructuring are on top of the mind for Chinese automobile firms as the sector prepares itself for what would be a milestone year, which could also see more companies...
View ArticleInstitute warms to carbon tax by 2013
A Chinese government think tank is considering recommending financial tools to curb energy-sapping and heavily polluting industries.
View ArticleMultinational drug firms go into overdrive
Multinational pharmaceutical firms are investing more on new facilities, research and development and human resources in the Chinese market, anticipating demand here to offset the slowdown in developed...
View ArticleNarrowing the trust deficit
One year after the global financial crisis has spread to almost every country and triggered a crisis of confidence in the global economy, the Summer Davos in Dalian — that opens today — is set to help...
View ArticleOverseas drive riddled with obstacles for domestic firms
Mergers and acquisitions are nothing new in the global automotive industry, but what is truly groundbreaking is that, for the first time, Chinese firms are playing a pivotal role in this process.
View ArticlePricey realty brings cheer to developers
Whenever Zhao Jiayan and his friends gather for dinner, a topic that always comes up is housing.
View ArticleRace against time to produce flu vaccine
The 10 Chinese vaccine producers appointed by the government to develop the H1N1 Influenza vaccines are racing against time to finish clinical trials and start mass-producing the drug before the start...
View ArticleReaping wind power joins energy rotation
To help the country shift toward a path of reduced carbon emissions, China's top legislature is planning to amend a law to remove a bottleneck in the development of renewable energy projects.
View ArticleRush for time in the sun
Jinzhou, a city in Liaoning province, is different from other cities that also lie in the region's coastal economic belt because the photovoltaic (PV) industry is its pillar sector.
View ArticleSeawater toilets help flush away water shortages
Residents of Qingdao's Haizhiyun neighborhood were the first on the Chinese mainland to have their homes fitted with a system that uses seawater to flush toilets.
View ArticleSummer Davos boosts Dalian's opening up
Dalian, the port city in Liaoning province, will take the chance of the ongoing annual meeting of the World Economic Forum (WEF) New Champions to hasten the process of its opening up to the outside...
View ArticleAfter 16 lackluster years, PSA courts new partner
PSA Peugeot Citroen's plan to create a second joint venture in China raised eyebrows in the local industry after it was announced by its new chief executive Philippe Varin at the end of July.
View ArticleBuying a slice of 'China story'
Sitting in his office, he comes across as any other CEO, constantly interrupted by phone calls and visitors. But his staff betray his identity when they address him as "Dashi" or Ambassador.
View ArticleChina to boost share in PE pie
China's share of the Asian private equity market has tripled from 8 percent in 2005 to 29 percent in 2008, according to a recent report released by Adveq, one of the first fund of funds to be active in...
View ArticleInsurers seek alliances to stimulate rural business growth
Closer ties between banks and insurers, especially regarding equity investment, have never before seemed so attractive given that the leading companies in these two sectors are competing for the same...
View ArticleKeeping the dream alive
American-born Chinese executive Matt Tsien has been executive vice-president of SAIC-GM-Wuling (SGMW) since January and his humble little office at the southern China plant is a symbol of the joint...
View ArticleKingpin of economic recovery
Emerging markets such as China play a pivotal role in global economic recovery, particularly the logistics and transportation industry.
View ArticleLenders develop cold feet on credit cards
Learning from the harsh lessons of the massive credit card defaults in the US, Chinese authorities started taking steps in the first half of the year to reduce the plastic flood in the country.
View ArticleLuxury autos racing toward bright future
In yet another tangible sign of China's emergence as a top global economic power, it surpassed Japan a few years ago as the largest luxury vehicle market in Asia.
View ArticleMilking the outsourcing cow
Avoiding the fate of many other companies, the Shenyang-based Neusoft Group Ltd — China's largest software development and IT services company, established in 1991 — has witnessed rapid growth.
View ArticlePositive side of Beijing's imprint on Latin America
More Chinese investment in Latin America will help enhance the region's competitiveness in the global economy, says Erik Bethel, the Chief Executive Officer (CEO) of SinoLatin Capital.
View ArticleTough times for foreign banks
Foreign banks in China, which largely sat out the lending binge created by the nation's giant stimulus package, might be facing their most difficult period for their business operation in the country.
View ArticleWorld assured of stimulus efforts
China will not end its stimulus initiatives at a time when the global economy is starting to see "slow and zigzag" recovery from its free fall, Premier Wen Jiabao assured global business leaders...
View ArticleNo time for complacence
As economic movers and shakers from all over the world compare notes at the Summer Davos in Dalian for revitalizing growth, the Chinese have reasons to feel good.
View ArticleAlcoa eyes M&As as prices plummet
Keeping cool nerves while facing multiple challenges, the CEO of aluminum giant Aloca remains upbeat about the prospect of joint overseas acquisitions with Chinese partners even as he keeps all options...
View ArticleBrazil warns over dangers of complacency in trade
Although China has replaced the US as Brazil's largest trading partner, there is no room for complacency, said Rodrigo Tavares Maciel, executive secretary of the China-Brazil Business Council.
View ArticleCBRC: Greed at root of global banking woes
With the world economy still in the shadow of the financial crisis, financial supervision and the security of the financial markets will prove a heated topic at this year's Summer Davos in Dalian.
View ArticleChina firmly opposes trade protectionism
China will continue to actively take part in the economic globalization process and resolutely oppose trade and investment protectionism, Chinese Premier Wen Jiabao said yesterday afternoon in a speech...
View ArticleEgypt looks to China to make up FDI shortfall
Egypt is seeking increased direct investment from China in a bid to shore up dwindling overseas backing for the northern African country amid the global economic downturn.
View ArticleElectronics giant determined in ongoing battle abroad
It took five years, but TV and mobile phone maker TCL's chairman Li Dongsheng finally saw the company recover its overseas business.
View ArticleFirst Eastern expects to pioneer QFII investment
Editor's note: Buoyed by the news that China plans to raise the limits on inbound portfolio investments and shorten their lockup period, foreign private equity (PE) firms are now keen to increase their...
View ArticleGreentech 'could reach 15 percent of GDP'
China's market for green technology solutions could reach $1 trillion annually, about 15 percent of its forecast GDP in 2013, according to a report released yesterday at the Summer Davos forum in Dalian.
View ArticleKindle kindles a ray of hope for domestic companies
The international success of Amazon's e-book reader Kindle is prompting Chinese companies to create their own versions for the domestic market.
View ArticleOutsourcing firms on an expansion spree
In an economic slowdown companies tend to scale down their business in order to deal with reduced demand. But for outsourcing giants, this is not the case.
View ArticleSocial networking gaining ground
Though the global economic slowdown curtailed spending by Chinese consumers in the real time world, it did not deter them from patronizing social networking websites.
View ArticleSurvey: Opportunity still abundant in Asia
Asia may be the world's most influential economy by 2020, according to a survey by international communications and public affairs consultancy Fleishman-Hillard released yesterday in Dalian at the...
View ArticleThailand mulls RMB currency swap system
Thailand hopes to establish a currency swap program with China at a time when the renminbi is more internationalized and the country's bond market offers more financial instruments, said a senior Thai...
View ArticleTourists flock to Shangri-La despite economic downturn
Tourism is often among the first sectors to feel the impact of an economic crisis as consumers keep a firm grip on their cash and wait for the storm to clear.
View ArticleWen: Forum should serve 'both rich and poor'
Premier Wen Jiabao yesterday called on the World Economic Forum (WEF) to give more consideration to developing countries and turn the important global business meeting into one for "both the rich and...
View ArticleEmerging markets renew competitiveness amid crisis
The global economy continues to weather the most difficult climate for generations, with governments around the world taking an active stance in addressing the crisis.
View ArticleNDRC: Restructure to reduce export reliance
Even though there are strong signs of recovery in the domestic economy, a senior Chinese policymaker says the nation needs to focus more on structural adjustment while drawing lessons from the global...
View ArticleSchwab Foundation lauds Asia 'social entrepreneurs'
The Schwab Foundation for Social Entrepreneurship will honor five award recipients this afternoon at the ongoing World Economic Forum's Annual Meeting of the New Champions in Dalian, a port city in...
View ArticleBOC signals continued liquidity
Bank of China's deputy head gave an optimistic outlook for China's growth next year while forecasting moderate global gains.
View ArticleMarket savvy to survive downturn
With the current financial downturn continuing to plague both developed and emerging markets, easy and rapid access to business information — a vital asset in judging market trends — has never been...
View ArticleInvestment growth continues in Kunming
Kunming, capital of southwest China's Yunnan province, continues to take opening-up policies, attracting investment and regional cooperation as keys to maintaining economic momentum, Ruan Fengbin,...
View ArticleMolecular firm Qiagen releases rapid H1N1 test
China has a hunger for new technologies and ways to improve people's lives, which in turn provides huge incentive to innovation-driven companies, a leader from molecular analysis firm Qiagen said...
View Article'Global reset' sees GE poised for growth
The dramatic uptake of its "clean technologies" is set to boost GE Transportation's penetration into the Chinese market and see it outperform many rival companies as the country gears up for economic...
View ArticleUnlikely alliance could restore global balance
An unlikely alliance between investment firms and governments unimpressed with Western capitalist thinking could help solve one pressing world economic problem — just how do US and European governments...
View ArticleQuality before growth speed
Premier Wen Jiabao of the State Council addressed the opening ceremony of the third Annual Meeting of the New Champions of the World Economic Forum (WEF) and met with business representatives on the...
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