China is now India’s largest trading partner. This was revealed by the Economic Survey for 2007-08, which said that “China’s trade share during April-October 2007 is even higher than that of the United States by Rs 600 crore”.
China is running fast and has overtaken the UK, Belgium, Germany, UAE, Switzerland and now even the US. Read the article in The Times of India.
Despite political rivalry, bilateral trade between Taiwan and China rose 16.1 percent in 2007 to a record $102.3 billion on the back of expanding cross-strait exchanges, the island’s authorities said Friday.
China is Taiwan’s largest trading partner. 22% of Taiwan’s trading is done with China. (via)
As Golem.de pointed out: CNNIC presented the newest figures: 210 mio people in China are using the internet on a regular basis. China will very soon overtake the US in web user numbers.
China may prevent foreign investors from taking control of domestic brokerages, a setback to Wall Street’s ambitions to tap the world’s fastest-growing stock market, people familiar with the planned rules said.
The World Trade Organization opened a formal investigation into allegations China is providing a haven for product piracy and counterfeiting, the most far-reaching of four trade disputes between Washington and Beijing. The WTO panel’s scope will be limited to whether Beijing has taken sufficient action to protect intellectual-property rights
China will require 3,400 new airplanes worth about 340 billion U.S. dollars over the next 20 years, US aircraft giant Boeing said on Tuesday.
Continued strong growth in passenger and cargo transport, China’s fleet will nearly quadruple to 4,460 airplanes by the end of 2026, making it the largest market outside of the U.S. for new commercial airplanes, it said.
Following the anticipated surge in passenger traffic for the 2008 Beijing Olympic Games, China’s domestic market will grow to nearly a five-fold size by 2026 to become slightly larger than today’s intra-North American market, it said.
Air travel growth between China and North America as well as between China and Europe will more than double in size during the next 20 years.
Famously Volatile, Richly Rewarding. China Beckons — if You Can Stomach the Swings.
Despite warnings about the lack of transparency, corruption scandals and companies with shaky financials, the Chinese stock market has leaped 300 percent in the past two years.
Washington Post Staff Writers Tomoeh Murakami Tse and Ariana Eunjung Cha wrote an article in the Washington Post.
I for myself am hoping that big steps are made in near future to compensate for the environmental problems the growth in China is producing. The article states this:
The government is making a major push to clean polluted air and water and is looking for cleaner sources of energy.
Invest there!
BEIJING - Pan Ning is 25 and spends a lot of time at home on his computer, but his mother couldn’t be happier. After all, Pan attends to a thriving business.
Like hundreds of thousands of Chinese, Pan has become an online vendor.
A Chinese MD I know recently met with a potential buyer from overseas, and called me with a question. The MD had explained his product offering, and then quoted the potential buyer a price. The buyer merely nodded his head and said, “Ok, I understand”. The Chinese MD, however, had expected the prospect to come back with a counter-offer or a new proposal. Instead, the overseas buyer merely asked a few polite questions about the industry, said goodbye, and left. The client was never heard from again.
Read this article on Pricing Strategy and avoiding bargaining with Chinese businessmen. In the Chinese Market your first offer counts - you may well not be given a second chance!
Google (GOOG) China has reached an agreement with China Telecom (CHA) to cooperate with the latter on online advertising.
This is another move for Google to develop the China market following its signing of mobile search service deals with China Mobile earlier this year.
Read more here. Google will soon be is in all advertising around the world.