China Economic ReviewGerman software giant SAP announced plans to boost its research and development base in China, building a dedicated new campus in Shanghai. Shang-Ling Jui, managing director of SAP Labs China told the China Daily the new labs would employ 1,500 software engineers by 2009, compared with the current 200 researchers with SAP China. He said […]
The flow of foreign direct investment (FDI) into China slowed in November, totaling US$3.75bn for the month, up just 7% on a year earlier and a significant downturn from October when FDI grew by 50% on the 2003 figure. Overall, according to the latest government figures, FDI grew 22% in real terms in the first […]
Growth in demand for energy supplies is expected to slow in 2005, officials from state oil and power companies have forecast. Liu Zhenya, general manager of China's State Grid Corporation, which supplies electricity to two-thirds of the country, said he expected consumption to grow by 12% year-on-year, down from a growth rate of 15% in […]
Refrigerators and air conditioners, among the biggest-selling "white goods" in China at the moment, are to be labeled with energy efficiency ratings from next March. An official from the National Reform and Development Commission said the move was designed to raise consumer awareness of energy efficiency, guide buying decisions, and help tackle chronic power shortages. […]
A weakening dollar and negative real interest rates is driving a rush to buy gold among Chinese investors, the South China Morning Post reported. Trade in gold bars, jewelry and coins as well as "paper gold" where the investor holds the gold only in paper form has all boomed in recent months. The paper cited […]