Weekly China Statistics Update
Source: http://www.bizchina-update.com/content/view/1362/81/Posted on Saturday, September 20th, 2008 | In China
Contributed by: Biz China Update (http://www.bizchina-update.com) -
- Private equity investment in August hit USD410m, down almost 70
per cent month-on-month, Chinese media reports. In the first six months
of this year, 73 companies received private equity investments that
totaled USD5.24 bn.
- China held USD518.7 bn worth of U.S. treasury bonds in July, USD14.9 bn more than in June, statistics…
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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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