China Economic ReviewChina’s distribution sector is liberalising following the country’s accession to the WTO, but free trade zones will continue to offer foreign investors an attractive trading structure until the sector really opens up in 2004. Foreign investors in China require a legal structure that allows them to import goods for re-sale in yuan because most of […]
competition than they are used to in the coastal provinces. Investors in China’s listed mobile operators have had it easy. Increased numbers of mobile subscribers fuelled growth in earnings as China Mobile and China Unicom injected mobile operations in China’s most developed coastal provinces into investment vehicles listed in Hong Kong and New York. Even […]
Chinese companies are among the most willing in the world to pay bribes in developing countries, according to a report issued by the global anti-corruption organisation, Transparency International. Only Russia came out worse in the study of 21 countries and Taiwan was in 19th place. The survey was compiled from the responses of 835 senior […]
Capital flight from China, the errors and omissions in its balance of payments, fell to US$4.856bn in 2001, Financial News said. The State Administration of Foreign Exchange attributed the slowdown to the sound development of China’s macro-economy and the narrowing of interest rate spreads between domestic and foreign currencies. China’s illegal capital outflows are estimated […]
surplus. Statistics released by the State Administration of Foreign Exchange showed that China had a surplus of US$34.775bn in trade in goods, but posted a deficit of US$5.931bn on services. The surplus on the capital and financial account was US$34.775bn, compared with US$1.922bn in 2000. Foreign exchange reserves grew by 28 per cent in 2001 […]