Investment Continues to Pour into China. (Update: The Latest Trends and Controversies)

Business Asia, April 2002 | Go to article overview

Investment Continues to Pour into China. (Update: The Latest Trends and Controversies)


CHINESE GOVERNMENT officials say if investment rates continue at the same clip as in the first two months of this year, actual investment for 2002 could top US$50 billion compared with 2001's US$46.9 billion. Investors are attracted by the economic reforms taking place since China entered the WTO in December last year. The National Bureau of Statistics reports that 3963 foreign investment contracts were signed in February, 23.7 per cent more than last February. Along with the investment will come more intense competition from abroad. Foreign investment will continue to be a key component of China's economic growth, the official said.

* HONG KONG

Tourists visiting Hong Kong rose 15 per cent in February from a year earlier, led by a surge in visitors from mainland China, the Hong Kong Tourism Board said in a statement. The number of mainland Chinese visitors surged 70 per cent to 471,528, followed by Malaysian tourists, whose numbers rose by a third to 21,179, the agency said. Hong Kong's tourism was boosted in February by the three-day lunar New Year holiday. Mainland Chinese are the leading tourists in Hong Kong this year, growing 43 per cent in the first two months from the year-earlier period, it said. Tourism is a major income earner for the city.

* JAPAN

Nippon Mining and Metals Co, Japan's largest copper refiner, will this year merge its copper business with that of smaller rival Mitsui Mining and Smelting Co to become the world's second-biggest producer of the metal, according to a Nikkei English News report. The two Japanese companies are seeking to expand sales in other parts of Asia, as demand for copper is expected to rise for use in production of printed circuit boards and other electronics components, the report said. Pan Pacific Copper Co, a joint sales venture between Nippon Mining and Mitsui Mining, will be reorganised to oversee the merged business. The new company will have an annual copper-smelting capacity of about 1.1 million tonnes.

* PHILIPPINES

The Philippine banking sector has been suffering a steady rise of nonperforming loans (NPLs) since 1998, despite a general downtrend among its South-East Asian neighbours, Business World reported. NPLs in the Philippines and Malaysia expanded as of January, while those of their neighbours like Indonesia, South Korea and Thailand posted lower bad debt levels. But while Malaysia's NPL ratio dipped in past months only to inch up anew, the Philippine banking system posted a consistent rise in bad debts.

* SINGAPORE

Singaporean Deputy Prime Minister Lee Hsien Loong says the country should further lower its direct tax rate to increase competitiveness and attract investment, as well as encouraging entrepreneurship among Singaporeans. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Investment Continues to Pour into China. (Update: The Latest Trends and Controversies)
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Author Advanced search

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.