CHINA FINALLY DECIDES TO GO GLOBAL
Never heard of Sanjiu? Bluestar? Baosteel? Minmetals? You soon might. These Chinese companies aren't yet in the pantheon of globally known names like Sony, Daimler-Chrysler or Citigroup, but China Inc. Is fast raising its international profile with a corporate buying spree, spending billions on companies and resources to feed its growing industrial juggernaut.
In Trinidad we are already feeling the effects of the Chinese electronic invasion and it is good in some ways. For one it brought down the prices of the name brand electronics, but on the other hand the resale value of most electronic goods is very low. I guess from a business angle it is a terrible thing, but for consumers it is a welcomed break.
Financial Level: Millionaire / Business Participation: 452 45.2%
CHINA REPORTS ANOTHER GDP SURGE
China's economy grew by a red-hot 9.9 per cent in 2005, the Chinese
government announced Wednesday - enough to overtake Britain as the
fourth biggest economy in the world, after the U.S., Japan, and
China growth reaches 13-year high
China's economy expanded by 11.4% in 2007 - the fastest growth rate since 1994, officials say.