The China International Trust and Investment Corporation, CITIC, has been a major force in China’s economic opening up. Now, this US$8 billion powerhouse is undergoing change, with the outgoing of its powerful chairman, Rong Yiren, and in the face of increasing competition. We profile the conglomerate, its latest operations in China and around the world and its focus on profit.
Category: Economics & Trade
A new beginning
The establishment of the Great Wall Group’s office in Johannesburg is one of the most positive signs of the opening up of relations between China and South Africa. Bruce Allen reports.
Buying trends
Italian clothing company, Benetton, is tapping in on China’s escalating spending power with its four shops in China and ? and its mind is open for more.
An enduring interest
French interest in China should not be underestimated, says France’s Trade Commission in Beijing, despite current strained relations between the two countries. Here the Commission reviews the current trade situation and looks at the areas of French industry that are making the most headway.
The business of amusement
Kumagai Gumi of Japan has recently been involved in two amusement park projects in China. We talked to the general manager of the Beijing Amusement Park, Mr. Bob Lamb, about this unusual area for foreign investment.