Monthly Archives: January 2012

Foretelling the future for profit

CME’s president awaits the green light for the reopening of China’s financial derivatives market, Chen Jia reports from Beijing. Phupinder Gill , president of CME Group Inc. , is waiting to enter the financial derivatives market on the Chinese mainland as soon as the country’s top regulators give the go-ahead. The 50-year-old is busy talking […]

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High-speed trains head back on track

Ministry looks to restore confidence in rail network after tragic accident and scandals, Xin Dingding reports from Beijing. The terrible bullet-train crash in July 2011 rocked the ambitions of the Ministry of Railways to spread the high-speed network at a rapid pace. In December 2010, when China became the first Asian nation to host a […]

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Ministry to redirect foreign investment to high-tech sector

China will encourage foreign companies to invest more in domestic industries to further make good on the country’s commitment to open its economy, according to guidelines released on Dec. 29, 2011. In a new version of the Foreign Direct Investment Industry Guidelines (2011), the Chinese government is encouraging foreign investors to put money into advanced […]

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FDI focus continues to shift

Strategy to change economic growth model gets a boost, Ding Qingfen reports. Despite the reshoring of manufacturing activity to the developed economies, China is well on track with the diversification of its industrial structure, moving the focus of foreign direct investment (FDI) from the manufacturing sector, in line with the country’s new FDI policy, government […]

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Services and talent attract logistics firms inland to Tianfu

Chengdu’s efficient local government and the city’s qualified workers are attracting top international companies to Tianfu New Area. In October 2009, global ocean transport giant Maersk Group, a Fortune 500 company, signed a contract with the area to establish a branch, only three months after a delegation from the company visited Chengdu. In March 2011, […]

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Plans for massive ‘new Chengdu’ in western China

In the new round of China’s strategy to develop its western regions, the Tianfu New Area in Chengdu, Southwest China’s Sichuan province, is being developed as a “new Chengdu.” Construction work on the project started on Dec. 25, 2011. In effect an all-new city, Tianfu’s GDP is projected to hit 650 billion yuan ($103 billion) […]

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