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:
Xiamen (formerly Amoy) in Fujian province is traditionally known for its fishing industry and busy port. Now, as one of China’s Special Economic Zones, its industrial output is dominated by its light industries, and it is the recipient of a large amount of Taiwanese investment. We take a closer look at this coastal town.
Categories
The need for speed
Though China is one of the last places on earth still building locomotives, plans are afoot to introduce the bullet train on a new line being built in Fujian. We look at China’s ambitious efforts to upgrade its inadequate rail infrastructure and assess the impact the changes will make.
Interviews with industry insiders
Categories
Property explosion
China’s property market is expanding at a extraordinary rate with 1992 seeing prices in the major cities rising by as much as 40 .per cent. William Wong takes a look at this prosperous sector and outlines some of the problems that still surround the industry.