News Bites: China Posts Record Trade Surplus, Linde Invests in JV
Source: http://www.bizchina-update.com/content/view/1319/2/Posted on Wednesday, September 10th, 2008 | In China
Contributed by: Biz China Update (http://www.bizchina-update.com) -
China Posts Record Trade Surplus
Despite inflation, business closures, visa issues and a global economic slowdown, China is posting a record trade surplus of about USD28.7 bn in August , The Guardian quotes officials from the Customs Administration. In August, exports rose 21.1 per cent, to USD134.87 bn, while imports…
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As China continues to evolve into a global power, its economic structures are changing, new laws are being enacted and the government is seeking to re-channel the fruits of sustained growth from the eastern seaboard to the rest of this vast nation. Gateway cities, such as Beijing, Shanghai, Shenzhen and Guangzhou, now compete with cities across China for foreign and governmental investment.
Meanwhile, successful Chinese companies are raising billions of dollars from domestic and international IPOs, and the most ambitious are acquiring foreign companies from Santiago to Sydney and Stockholm to Saigon. The nation’s twin-barreled property and stock market frenzy has created 106 dollar billionaires, when in 2002 there were none.
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