China Financial Daily

October 2, 2008

Chinese Import, Export and Foreign Investment Situation

Filed under: Financial News — Tags: , , , , — Nancy @ 8:36 am -0700

Import Volume of Textile Machinery in First Half of 2008 in China increased 4.7%
According to customs statistics, in the first half of this year, the accumulated import of textile machinery and electrical parts reached 2380 million USD, which had a 4.7% growth compared with the same period last year; among which, the import volume in June reached 410 million USD.

Foreign-invested enterprises in Tianjin exceed 20 thousand
Tianjin, as the biggest open coastal city in northern China, has become the hot place for foreign investment. According to the statistics, the investors are from over 130 countries and territories. The number of approved foreign-invested enterprises has reached more than 20,000 companies totally.

Foreign Trade Dimension in China increases 105 Times in 30 Years
The foreign trade scope in China rises 105 times in 30 years, which became the “booster” of economic development. Since the reform and opening up, Chinese foreign trade scale increase from 20.6 billion USD in 1978 to 2173.8 billion USD in 2007. It increase 105 times and has 17.4% average annual growth rate.

Other News:

2008 January to August Singapore Foreign Trade Situation 
According to the statistics in Singapore, the foreign trade import and export volume in Singapore from January to August reached 461.9 billion USD, which increased 16.3% compared with same period last year. Among which, Singapore import volume reached 223.48 billion USD, which increased 21.1% while the export volume reached 238.42 USD, which increased 12.1%.
Malaysia, China and the United States are the three major trading partners of Singapore.

Buffett becomes a shareholder of General Electric Company with 3 Billion USD
Xinhua New York News reported on October 1, the well-known U.S. investor Warren • Buffett on October 1 announced that Berkshire Hathaway which he controlled was purchasing the shares from General Electric Company with 3 billion USD.

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September 30, 2008

China Real Estate Status and Capital Investment Movement

Filed under: Financial News — Tags: , , , , — Nancy @ 10:38 am -0700

Top 10 Chinese Real Estate Companies Issued
Currently, “2008 Chinese real estate company brand value study report” has been issued by real estate TOP10 Research Group; Poly Real Estate ranks the first place for the third time. However, other top 9 companies are: Zhonghai, Vanke, R&F, Hengda, hutchison-whampoa, Capitaland, New World China Real Estate, Country Garden, etc.

Chinese Real Estate Bubble is none second to the United States
Chief economist of CICC, Ha Jiming released the report on the financial crisis in the United States and pointed out that China should learn from the financial crisis, that is, the asset price bubble triggered by loose monetary policy, which will bring the potential risks to financial crises in the future.

Foreign Capital violently sells Chinese Real Estate
As the financial crisis sweeps in the United States, the Morgan Stanley is said to sell its Shanghai residential real estate for the first time. Does the foreign capital collectively sell the Chinese real estate? Does the Chinese property market have lost its attraction to foreign investment? The experts expressed that the withdrawal of foreign investment has little possibility.

Lehman Panic Influences Chinese Property Market or freezes Chinese Real Estate Investment
The Lehman panic Merrill Lynch turmoil will affect other investment behaviors, so they would slow down the speed of investment in China to alleviate the current difficulties. Financial researcher at the Institute of Chinese Academy of Social Sciences, Yin Zhongli said, “However, more worthy of reflection is that the turmoil on Wall Street is caused by the U.S. real estate bubble. But in China, it is different, as the bubble of Chinese market for residential real estate is bigger whereas the commercial real estate is relatively stable. The foreign investment may consider touching the bottom line of commercial real estate.”

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