France-based Thomson SA announced that it formed a joint venture with TCL International Holdings. The JV is projected to produce 18 million television sets and as many as 4 million DVD players annually. Thomson currently sells 7 million RCA televisions per year worldwide. It also sells some sets under the GE brand. TCL is China's […]
Category: Economics & Trade
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Industrial output picks up
After a slowdown in September, China's industrial output picked up again in October on the back of surging production in telecoms equipment, metals and electronic machinery. The October growth rate of 17.2 percent brought industrial output to RMB 375.3 billion and was the second highest rate this year, following February's 19.8 percent, according to the […]
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WTO asks for China's help
The head of the World Trade Organization (WTO) called on China to use its growing economic clout to help jump-start stalled world free trade talks. Supachai Panitchpakdi said the world's fifth-largest trading power could help bridge differences between developing and developed countries that led to a breakdown in negotiations in September in Cancun, Mexico. Those […]
China's economy will continue to experience high growth rates over the next 15 to 20 years, according to renowned economists. Speaking at the 2003 China Economic Growth Forum in Suzhou, Nobel laureate Lawrence Klein said China would continue to grow strongly in the next 20 years but the rate was likely to be closer to […]
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Massive import growth
The government announced that China's total trade would amount to about US$800 billion as the nation witnessed a spectacular growth in imports. With such high import growth China is expected to eclipse Japan to become the world's third largest importer after Germany and the US. The State Council Development Research Center, the top government think-tank, […]