Archive for July, 2007

IBM To Explore China’s Medium Enterprise Market

Dah-Chuen Chien, CEO of IBM (IBM) Greater China Group, says IBM will continue to integrate its comprehensive resources and fully expand the medium enterprise market of China.
Chien made the remarks at IBM’s Greater China Software Partner Summit 2007. Meanwhile, Zhong Haoyi, vice president of the Chinese mainland marketing department of IBM, has emphasized that IBM [...]

China plans to restrict imports of petrochemical equipment

China’s top economic planning agency is planning to limit imports on petrochemical equipment to secure local machinery producers a larger market share.
According to a proposal by the National Development and Reform Commission (NDRC), no less than 75 percent of the equipment used in the petrochemical industry should be sourced from domestic producers by the end [...]

Tibetan Railroad Proves A Boon to Area Economy

Tibet Autonomous Region officials said over the weekend that a 33-billion-yuan (US$4.2 billion) railway linking it to neighboring Qinghai Province has helped its economy develop.
Tibet’s economy this year grew with contributions from trade and consumption, instead of relying solely on investments, Hao Peng, vice chairman of the local government, told reporters in Lhasa on Saturday. [...]

China Shares Higher in Early Trade; Auto Makers Gain

China shares were higher in early trade, with limited impact seen from weakness in overseas markets, dealers said.
Automakers led the gains, spurred by M&A activity in the sector.
At 9:41 am, the index rose 26.73 points to 4,372.08, after opening up 3.25 points.
Shanghai Automotive Co Ltd rose 0.90 yuan to 27.74, after its parent, Shanghai Automotive [...]

Hitachi Sets US$12b Target for Revenue from Mainland

Hitachi, the largest Japanese electronics manufacturer, aims to boost annual revenues in the mainland to more than US$12 billion over the next three years by claiming top market share in the key segments of financial systems, information technology and construction and building systems.
“We’re seeing increasingly robust growth, so we expect China to contribute 10 [...]

China E-commerce Firm Alibaba Confirms Seeking IPO in HK

Alibaba.com, China’s largest e-commerce company, confirmed on Monday that it is making preparations for an initial public offering, as it seeks to raise capital to expand its international presence.
Alibaba, which has long been rumoured as an IPO candidate, is preparing to list its business-to-business unit in Hong Kong in the third quarter of this year, [...]

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