China Economic ReviewKorean electronics group LG opened a second microwave oven factory in Tianjin in May, Shanghai Daily said. Total investment in the 10m-units-a-year capacity plant is US$230m. LG claims to hold 34 per cent of China’s microwave oven market. LG also plans to invest an additional US$300m in the period up to 2005 to build air […]
Recent statistics from the People’s Bank of China (http://www.pbc.com.cn) indicate some surprising changes in household savings behaviour during 2001. Chinese families are accumulating bank deposits at a higher rate than ever before, possibly in response to greater economic insecurity. But the time structure of new deposits has shifted dramatically, away from demand deposits and towards […]
The emergence of Qingdao as centre for manufacturing excellence shows that second-tier cities can prosper with the right mix of policies and circumstances.
Utilised foreign direct investment (FDI) during the first 10 months of 2001 totalled US$37.25bn, 19 per cent higher than in the same period of 2000, according to the Ministry of Foreign Trade and Economic Cooperation. Contracted FDI over the period totalled Yn55.2bn, 27 per cent higher. The number of new foreign enterprises approved over the […]
Fixed asset investment was 17.4 per cent higher in the first 10 month of 2001 than in the same period of 2000, according to the National Bureau of Statistics. The bureau did not give figures for October alone, but it had previously reported a year-on-year rise in the first nine months of the 2001 of […]