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(DOC) China_7

By Steven Johnson,2014-07-22 02:50
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China_7

    China

ECONOMIC&TRADENEWS

    ;?-:.嚣菸嚣.簪鞭孵?辩爨罄?

    ;OPAreasforForeigninvestmentSpelledout ;Chinaencouragesforeigninvestmentthathelpsupgradethecountry.sagric

    ulture,serviceandtraditionalmanufacturingindustries.

    ;VicePremierWuYisaidsoatthe ;InternationalInvestmentForumonSep

    ;tember8.

    ;.’expectmultinationa,companies ;?totransferthehigh.endlinkinmanufac—

    ;turingandresearchanddevelopment ;ibasestoChina.”shesaid.

    ;Wusaidshehopedmultinationals ;.

    ;wouldattachmoreimportancetoinno

    ;vationandtechnologynvestmentin ;Chinaimprovingtheaddedvalueof ;theirproductsandstrengtheningcoop

    ;|erationwithChineseenterprisesandre

;searchinstitutes.

    ;IThegovernmentplanstoadjustits ;IndustryGuideforForeignInvestors, ;aimingtochannelmoreinvestmentinto ;;researchanddevelopmentcentersnew ;high.techindustries,advanced ;tmanufacturing,energyconservatlonand ;;environmentallyfriendlysectors ;VicePremierurgedmultinationalsto ;investinCentralChina.WlestChinaand ;NortheastChina

    ;saidserviceoutsourcingwould ;?

    ;becomeanewareaforChina

    ;toattractforeigninvestment ;asthecountryen-joysadvan

    ;tagesinhumanresources

    ;andinfrastructure.

    ;Theglobaloutsourcing

    ;marketisexpectedtohit

    ;US$1trillionby2008;China

    ;currentlylagsbehindIndiain

;thesector.

    ;Wucalledonmultina

    ;tionalstoshiftoutsourcingbusinesses ;ofacertainscaletoChinaandsaid ;thegovernmentwouldassistthemto ;doso.

    ;Inthepast27years,575,,DO0fo

    ;eignfundedenterpriseshavebeensetup

    ztorsin ;inChina,tappingnearlyallse

    ;cludingagriculture,manufacturingand ;services.Thesebusinessesnotonlyac

    ;countforasignificantamountofChina’s

    ;importsandexportsbutalsopro’videtens

    ;ofmillionsofiobsandalargesumof ;taxincometothecountry.

    ;0flficialsandexpertsattheforum ;agreedthatChinaisnotonlyaleading ;recipientofforeigndirectin’vestment

    ;(FDI),butalsoagrowinginvestor. ;KandhYumkella,directoreneralof ;theUnitedNationsIndustrialDevelop

    ;mentOrganization.predicted”anannual

;averagegrowthrateof20%inChina’s

    ;overseasinvestmentwouldtranslateinto ;US$60billionworthofChineseoverseas ;investmentbytheyear2010.”China’s

    ;outboundinvestmenthitUS$12.3in ;2005.

    ;“Thisfitsintoaglobaltrendtoward

    ;increasedsouthsouthinvestmentin

    ;whichChinaandotherAsianeconomies ;havebeenparticularlyactive,’’said

    ;SupachaiPanitchpakdi,secretarygeneral ;oftheUnitedNationsConferenceon ;TradeandDevelopment.

    ;Hesaidthesubjectwouldbehigh

    ;lightedintheWoridInvestmentReport ;2006tobereleasedonOct.16.@

    ;ChinaLifetoGoListedinA_shareMarket ;f0?0Wing_CBC

    ;.

    ;chinaLifeexecutivehascon.

    ;firmedthecompanyistohaveits ;sharestradedontheShanghai

;stockexchangefollowingtheimminent

    ;listingoftheIndustrialandCommercial

    ;BankofChina(ICBC).

    ;Theunderwritersareexpectedtobethe

    ;ChinaInternationalCapitalCorp.fCICC1.CITICSecurities ;andGalaxySecurities.LiuLefei.chiefinvestmentofficerof ;ChinaLife,toldthepressonSeptember5.

    ;China’sbiggestlifeinsurerplannedtoraiseuptoRMB20

    denominatedAshare ;billionfUSR2.5billionintherenminbi

    ;offering.accountingforabout5.3%ofitsenlargedequities. ;ThecompanynowhassharestradedinbothHongKongand ;NewYork.

    ;..

    ;TheICBC.China’sbiggestlender.is

    ;believedtobepreparingtolistinHong

    ;KongandShanghailaterinOctober.but

    ;noexactdatehasbeenannounced.

    ;ChinaLifepresidentYangChaosaid

    ;thegovernmenthadapprovedtheestab

    ;lishmentofapropertYandcasualtyarlTl

    ;andpreparationswerewellunderway.

    ;Theinsurerpostedfirst.halfinvestmentyieldsof2.12%.

    ;Yangsaidthegoodearningslargelyresultedfromthebullish ;stockmarketwhichaccumulativelyroseby49%.

     ;Butwithlittleroomforthestockmarkettoriseinthesec

    ;ondhalf,earningsfromstockinvestmentwoulddrop,saidYang, ;addingthatthecompanywasplanningtoadjustitsinvestment ;portfoliocorrespondingly.@

    ;fI

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