News for June 14, 2006
China's 15m students learning to buy (June 14, 2006) Asia Times – University students, it is said, form a major class of consumers. And nowhere is this more true than in China, where a 15-million-strong army of undergraduates is increasingly keen on buying the latest high-tech products, fashionable cosmetics and clothing, as well as other famous name-brand goods, and shaping their future consumption habits. And the market potential represented by Chinese collegians will become even more enormous in the coming years as their number is expected to grow steadily to reach 30 million (including undergraduates and graduate students) by 2010.
Culture shocks Chinese firms investing abroad (June 14, 2006) China Economic Net - Cultural conflict, a slow reaction to changes in local markets, and a shortage of capital top the list of challenges that Chinese firms face abroad, according to a survey of 150 firms conducted by the World Bank Group.
Tax breaks for foreign companies may be ended (June 14, 2006) Asia Times - Preferential taxes have been a major attraction for foreign companies investing in China for years, but that could all be about to change. With the recent drafting of a new corporate income tax law, to be reviewed by China's top legislature in August, the unification of tax rates for foreign-funded and domestic companies seems just a matter of time.
SCO firms, banks expected to sign US$2 billion in deals (June 14, 2006) China Economic Net - Companies and banks from the six economies represented by the Shanghai Cooperation Organization are expected to sign cooperation and loan extension deals worth nearly US$2 billion during this week's summit in Shanghai. The deals will play a significant role in fueling economic development in the region and within the countries. The projects include construction of a highway linking China to Tajikistan and Uzbekistan, high voltage transformer wires in Tajikistan, Kyrgyzstan's first cement plant with a daily capacity of 2,500 tons and Kazakhstan's first self-built hydropower station since its independence.
China’s software industry sales to top US$162b (June 14, 2006) People’s Daily - The annual sales income of China's software industry will climb to 1.3 trillion yuan (162.5 billion U.S. dollars) by 2010, as against 390.1 billion yuan (18.8 billion U.S. dollars) in 2005, according to a prediction made in a development masterplan issued recently. The industry will achieve a growth of at least 30 percent in each of the coming five years.
Culture shocks Chinese firms investing abroad (June 14, 2006) China Economic Net - Cultural conflict, a slow reaction to changes in local markets, and a shortage of capital top the list of challenges that Chinese firms face abroad, according to a survey of 150 firms conducted by the World Bank Group.
Tax breaks for foreign companies may be ended (June 14, 2006) Asia Times - Preferential taxes have been a major attraction for foreign companies investing in China for years, but that could all be about to change. With the recent drafting of a new corporate income tax law, to be reviewed by China's top legislature in August, the unification of tax rates for foreign-funded and domestic companies seems just a matter of time.
SCO firms, banks expected to sign US$2 billion in deals (June 14, 2006) China Economic Net - Companies and banks from the six economies represented by the Shanghai Cooperation Organization are expected to sign cooperation and loan extension deals worth nearly US$2 billion during this week's summit in Shanghai. The deals will play a significant role in fueling economic development in the region and within the countries. The projects include construction of a highway linking China to Tajikistan and Uzbekistan, high voltage transformer wires in Tajikistan, Kyrgyzstan's first cement plant with a daily capacity of 2,500 tons and Kazakhstan's first self-built hydropower station since its independence.
China’s software industry sales to top US$162b (June 14, 2006) People’s Daily - The annual sales income of China's software industry will climb to 1.3 trillion yuan (162.5 billion U.S. dollars) by 2010, as against 390.1 billion yuan (18.8 billion U.S. dollars) in 2005, according to a prediction made in a development masterplan issued recently. The industry will achieve a growth of at least 30 percent in each of the coming five years.
posted by Administrator at 2:17 PM
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