Chinese telecom equipment giant Huawei Technologies Co Ltd posted a net year-on-year profit increase of 34 percent in 2013, thanks to strong domestic demand for speedier mobile network equipment and a rising status as one of the world's major smartphone vendors.
"It's not a question of whether Chinese construction companies will be successful in North America. It's really a question of how many," says Marc Dowdell, president of LiuGong Construction Machinery North America.
Since the China (Shanghai) Pilot Free Trade Zone was launched in September, there's been an increasing number of bank opening ceremonies, and executives of foreign banks say that as more detailed guidelines are released, business has been picking up.
Trade and financial services are among the sectors that have been benefiting the most so far in the China (Shanghai) Pilot Free Trade Zone, analysts say in a half-year review of measures and policies for development in the zone.
China's manufacturing sector is still suffering from weak demand, according to the latest Purchasing Managers' Index for March, adding to signs that the world's second-largest economy slowed in the first quarter.
"The Chinese market is as important, and eventually may well be even more important, than the US market. The people who lead our company in the future have to have personal experience in China."
Consumption
Miao Wenwei, chief of Eastern Steel Company in the Ethiopian capital, Addis Ababa, says his company arrived in Africa just at the right time.
That all four major State-owned banks in China had cut their daily transfer limits to Yu'ebao, a fund management platform of Chinese e-commerce giant Alibaba Group Holding Ltd, to 5,000 yuan ($820) from the previous 50,000 yuan by last weekend, raises a vexing question: What law gives banks the power to restrict customers' rights to manage their own wealth?
The risk associated with the debt of some inland local governments is significantly higher than for their coastal counterparts, the chairman of Beijing-based Dagong Global Credit Rating Co Ltd said on March 25.
Gone are the good old days when speculation on the Chinese yuan simply referred to acquisition.
Even as China, South Korea and Japan held the fourth round of talks in Seoul earlier this month for a trilateral trade treaty, some changes in the web of relationships linking the countries were developing under the radar.
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