China Economy Forum

[Brotherhood]

China's Neusoft among world's top 100 software vendors - People's Daily Online March 04, 2011

According to the newly-released report, titled "Global 100 Software Leaders," Neusoft Corporation, a leading IT solution and service provider in China, is ranked among the top 100 software vendors in the world and is the only software company from China included in the ranking.

In addition, Neusoft also leads the ranking of the top 100 software vendors in China.

As a unique initiative between PwC and leading software industry associations, the report presents today's top 100 software companies around the world as well as national rankings for the top 100 in the key countries of China, France, Germany, India, the United Kingdom and the United States. This report not only provides a look at the world's leading software companies but also offers a snapshot of the present state of the industry.

The ranking is based on licenses, maintenance and support revenue as well as SaaS/ASP and open-source fees. When referring to China's software industry, Alison Wong, an employee from PwC China, commented that software enterprises have great growth potential in China, and the Chinese software market is expected to be dynamic and fast-changing in the years to come.

"It is a great honor that Neusoft is recognized as one of the Global Top 100 Software Vendors and also ranked No.1 in the China Top 100 Software Vendors," said Liu Jiren, chairman and CEO of Neusoft Corporation, one of the 23 software company executives who received the interviews for this report.

"China's economy is undergoing a profound transformation from a manufacturing-centric to a knowledge-based economy, which brings enormous opportunities and great growth potential to China's software industry. Chinese software providers have made great advancements over recent years, and they have gained good market share in the domestic market and are actively expanding into international marketplaces. I believe that China will soon emerge as a major player in the global software industry."

Neusoft is the leading IT solution and service provider in China with operations across the globe. Focusing on software technology, Neusoft provides industry solutions, product engineering solutions as well as related software products, platform and services.

With more than 18,000 employees around the world, Neusoft has a comprehensive marketing and service network in more than 40 cities across China as well as subsidiaries in the United States, Europe, Japan and the Middle East. The company is the first listed software company in China and is traded on the Shanghai Stock Exchange.

By People's Daily Online

 

[Kyusuibu Honbu]

China's Neusoft among world's top 100 software vendors - People's Daily Online March 04, 2011

According to the newly-released report, titled "Global 100 Software Leaders," Neusoft Corporation, a leading IT solution and service provider in China, is ranked among the top 100 software vendors in the world and is the only software company from China included in the ranking.

In addition, Neusoft also leads the ranking of the top 100 software vendors in China.

As a unique initiative between PwC and leading software industry associations, the report presents today's top 100 software companies around the world as well as national rankings for the top 100 in the key countries of China, France, Germany, India, the United Kingdom and the United States. This report not only provides a look at the world's leading software companies but also offers a snapshot of the present state of the industry.

The ranking is based on licenses, maintenance and support revenue as well as SaaS/ASP and open-source fees. When referring to China's software industry, Alison Wong, an employee from PwC China, commented that software enterprises have great growth potential in China, and the Chinese software market is expected to be dynamic and fast-changing in the years to come.

"It is a great honor that Neusoft is recognized as one of the Global Top 100 Software Vendors and also ranked No.1 in the China Top 100 Software Vendors," said Liu Jiren, chairman and CEO of Neusoft Corporation, one of the 23 software company executives who received the interviews for this report.

"China's economy is undergoing a profound transformation from a manufacturing-centric to a knowledge-based economy, which brings enormous opportunities and great growth potential to China's software industry. Chinese software providers have made great advancements over recent years, and they have gained good market share in the domestic market and are actively expanding into international marketplaces. I believe that China will soon emerge as a major player in the global software industry."

Neusoft is the leading IT solution and service provider in China with operations across the globe. Focusing on software technology, Neusoft provides industry solutions, product engineering solutions as well as related software products, platform and services.

With more than 18,000 employees around the world, Neusoft has a comprehensive marketing and service network in more than 40 cities across China as well as subsidiaries in the United States, Europe, Japan and the Middle East. The company is the first listed software company in China and is traded on the Shanghai Stock Exchange.

By People's Daily Online

Congrats China!

Here is the original report.

http://www.pwc.com/en_GX/gx/technology/publications/global-software-100-leaders/assets/global-software-100.pdf

 

[Brotherhood]

China projects 136 bln USD fiscal deficit in 2011 - People's Daily Online March 05, 2011

China projects 900 billion yuan (136.4 billion U.S. dollars) in fiscal deficit, or 2 percent of GDP, in 2011, says a government work report to be delivered by Premier Wen Jiabao at the parliament's annual session Saturday.

The deficit is 150 billion yuan less than that of last year. Of the deficit, 700 billion yuan will be for the central government and 200 billion yuan for the local government through issuing bonds, reads the report, distributed to the media before the opening of the Fourth Session of the 11th National People's Congress (NPC).

Source: Xinhua

 

[Brotherhood]

Daimler, BYD move toward new electric brand - People's Daily Online March 04, 2011

Thomas Weber (left) , member of the Board of Management of Daimler AG, Ulrich Walker (second left), chairman and CEO of Daimler Northeast Asia Ltd, Wang Chuanfu (right), chairman and president of BYD Co Ltd and Lian Yubo, CEO of Shenzhen BYD Daimler New Technology Co Ltd, at the opening of their new joint venture on July 30, 2010. Photo Provided to China Daily

Chinese authorities recently granted a business license to Shenzhen BYD Daimler New Technology Co Ltd, the new joint venture between Daimler AG and BYD Co Ltd formed to develop an electric vehicle specifically for the China market.

The contract for the 50-50 partnership was signed in May to create an R&D operation with registered capital of 600 million yuan.

"We've now had the green light to move ahead - and are especially pleased to receive the business license just a few months after signing the contract," said Dieter Zetsche, chairman of the Board of Management of Daimler AG and head of Mercedes-Benz Cars.

"It will accelerate our joint efforts to create an all-new electric vehicle for the Chinese market," he said.

The partnership echoes China's 12th Five-Year Plan (2011-2015) for the auto industry that gives priority to new-energy vehicle development.

According to the China Association for Automobile Manufacturers, the nation has set a sales goal of 1 million new-energy automobiles a year by 2015, a target that needs support from development of electric vehicles and the necessary infrastructure.

Shenzhen BYD Daimler New Technology Co Ltd will develop an electric vehicle using Daimler's know-how in electric vehicle architecture and safety along with BYD's proven skills in battery technology and e-drive systems.

"Our joint venture is making excellent progress," said Wang Chuanfu, chairman and president of BYD Co Ltd.

"At the research and technology center in Shenzhen, German and Chinese engineers, designers and other experts are very well aligned and will soon be joined by more colleagues from both partners. We all are eager to utilize the strengths of our two companies to create a new brand of electric car in China," he said.

Daimler and BYD aim to make the car available in China some time in 2013 and will market it under a new brand jointly created and owned by both.

This year, Stuttgart-based Daimler AG is commemorating 125 years of the automobile. The pioneering spirit of its founders set the world in motion by creating the world's first automobile.

Continuing to spearhead that tradition of innovation, Daimler is now leading the industry on "The Road to Emission-free Mobility" after many years of research on new energy vehicles.

As part of the 125-year celebrations, the Mercedes-Benz B-Class fuel-cell World Tour began in January this year to highlight the latest generation technology.

Its fuel cell vehicle, the first of its kind put into mass production, will reach the Shanghai leg of the tour in April to coincide with the upcoming Auto China 2011.

In the course of the last 30 years, Daimler has filed more than 600 patents relating to battery-powered vehicles, 230 of them for lithium-ion technology.

Its new exclusive partnership with BYD is now set to be another great achievement in Daimler's quest for excellence as the company continues to reinvent the car to meet market trends and needs.

The initiative between the two companies has already been recognized with the recent "Golden Award for Technical Cooperation" bestowed by the Economic Information Daily published by Xinhua News Agency.

"This award is undoubtedly a fantastic signal for our R&D cooperation with BYD," said Ulrich Walker, chairman and CEO of Daimler Northeast Asia Ltd.

"Daimler and BYD will take full advantage of each other's specialized expertise to develop a brand-new electric vehicle in line with the government's policies to build a greener future."

Source: China Daily

 

[Brotherhood]

China to boost imports from least developed nations - People's Daily Online March 05, 2011

China will increase imports this year from the least developed countries and from countries with which China has a large trade surplus to improve trade imbalances, says a government work report to be delivered by Premier Wen Jiabao at the parliament' s annual session Saturday.

Source: Xinhua

 

[Brotherhood]

Chinese and US companies cooperate on large passenger plane - People's Daily Online March 04, 2011

China's AVIC Electromechanical Systems Company Limited and the U.S. Hamilton Sundstrand announced here Thursday that they would set up a joint venture to produce power systems for the C919, China's first domestically-produced large passenger plane.

The joint venture will temporarily be based in Xi'an, the capital of northwestern Shaanxi Province, with a total investment of 145 million U.S. dollars.

The joint venture reported 48 million U.S. dollars of registered capital. Each of the two investors owns half of the project.

The joint venture is expected to start production before 2012.

The C919 is planned to be a single-aisle plane that can seat up to 168 passengers. It will be built by the Commercial Aircraft Corporation of China (Comac) and is set for delivery in 2016.

Source: Xinhua

 

[PeacefulIndian]

China to boost imports from least developed nations - People's Daily Online March 05, 2011

China will increase imports this year from the least developed countries and from countries with which China has a large trade surplus to improve trade imbalances, says a government work report to be delivered by Premier Wen Jiabao at the parliament' s annual session Saturday.

Source: Xinhua

Tell me thats not a joke. Least developed countries, all combined, are not going to increase the imports to China even by $1 billion.
Anyway, do we know what countries are included & what goods will be imported?

 

[tanlixiang28776]

Tell me thats not a joke. Least developed countries, all combined, are not going to increase the imports to China even by $1 billion.
Anyway, do we know what countries are included & what goods will be imported?

Large amounts of natural resources like gas, and metals are worth trillions.

 

[PeacefulIndian]

Large amounts of natural resources like gas, and metals are worth trillions.

And I have a beach front palace in Bahamas for sale.

 

[below_freezing]

Tell me thats not a joke. Least developed countries, all combined, are not going to increase the imports to China even by $1 billion.
Anyway, do we know what countries are included & what goods will be imported?

We should be importing their strengths like raw materials, food and minerals. I mean they can't export anything else. This is a form of mutual benefit since their citizens can look up to recieving Chinese manufactures and increasing their living standards.

 

[Brotherhood]

High-speed train expansion on track in China - People's Daily Online March 07, 2011

China's newly-appointed railway minister has said the country will continue to develop its high-speed rail network as planned even after its former minister was ousted.

Sheng Guangzu, who took office on Feb 25 to replace former railway minister Liu Zhijun, made the remarks on Saturday when responding to questions whether China's policy of high-speed rail development will change with Liu's fall from grace.

Liu was placed under investigation for "severe violation of discipline" on Feb 12 by the discipline watchdog of the Communist Party of China (CPC).

Liu's is "an individual case" and will not have a big impact on the railway system's future development and morale, Sheng was quoted by the Beijing News as saying.

He said the change of minister will not change the roadmap of China's high-speed railway development, as the country will continue to develop its fast train network under its national medium-to-long-term program.

The railway system now runs stably and achieved its mission during the past Spring Festival travel peak, he said.

It was the first time 62-year-old Sheng faced the media after taking office at the railway ministry. The former head of the General Administration of Customs was vice-railway minister before being transferred to customs as deputy commissioner in 2000.

Zhang Junbang, director of the Zhengzhou railway bureau and a deputy to the National People's Congress (NPC), told China Daily that the plan for building high-speed railways in his bureau's territory this year has not changed, and a high-speed rail line linking Wuhan, capital of Central China's Hubei province, and Shijiazhuang, capital of North China's Hebei province, will be completed by the end of this year.

Following the removal of Liu and later the ministry's deputy chief engineer Zhang Shuguang - both leaders in China's high-speed railway development - the ministry faced doubts and pressure from many sides.

Some believed the ministry will not be able to pay back the huge loans it borrowed from banks for building the massive high-speed rail network, while others suspected the stunningly fast construction of the high-speed railways might generate potential safety hazards.

As to the solvency of the ministry's affiliated companies, Sheng said on Saturday that the 1.8-trillion-yuan ($274-billion) debt used for building the country's massive high-speed rail network was still "at a controllable level".

"I believe the high-speed rail market will be rosy" after many projects still under construction are put into service, he said.

As for whether the ministry should build so many high-speed railways in only a few years, Wang Mengshu, a professor at the Research Center of Tunnel and Underground Engineering at Beijing Jiaotong University and a deputy to the NPC, said that forming a network in a relatively short period can generate more profits than laying out the railways one by one.

And the quick speed of construction is not likely to affect quality as the key to safety is the rail track, and China has overcome difficulties to make sure the tracks stay where they are for years so that trains will not derail at high speeds, he said.

Zheng Xinli, former deputy director of the policy research office of the CPC Central Committee and a member of the National Committee of the Chinese People's Political Consultative Conference, said that with the growth of the network and people's income, high-speed railways will gradually attract more passengers and eventually begin to make a profit.

By then, paying back the huge debt will not be a problem, Zheng said.

The country has planned to expand its high-speed rail network to 13,000 km by 2012 and to 16,000 km by 2020.

At the end of 2010, the network was already the world's longest at 8,358 km, of which 5,149 km were put into service in 2010.

 

[Brotherhood]

Beijing plans new airport in southern suburb - People's Daily Online March 07, 2011

China's capital city plans to build a new airport in the southern suburb of Daxing District, municipal government sources said Sunday.

The regional aviation hub is designed to handle 80 million passengers a year upon its completion in the long run.

The first phase of construction is expected to be finished within the the 12th Five-Year Plan period (2011-2015), and 40 million passengers will be handled each year.

Travel time between the airport and city downtown will be kept within half an hour, according to Beijing's 12th Five-Year Plan (2011-2015), which had been approved by the municipal legislature.

Although the new airport's location is not disclosed in the Five-Year Plan, the government of Daxing District has included airport construction in its development plan in the next five years.

Seeing rapidly growing air traffic in recent years, Beijing aims to handle 120 million passengers through its airports in 2015.

 

[Brotherhood]

Dongfeng Motor Feb. sales up 29.8% - People's Daily Online March 06, 2011

Chinese automaker Dongfeng Motor sold 19,540 vehicles in February, up 29.8 percent year on year, figures released on Saturday showed.

Dongfeng's auto output in February reached 18,250 units, an increase of 11.3 percent from a year earlier, the company said in a report to the Shanghai Stock Exchange.

Sales in January surged 35.22 percent year on year to hit the record monthly high of 297,600 units.

The company aims to sell 2.9 million vehicles this year.

The equities of the Shanghai-listed firm closed at 5.3 yuan per share on Friday, up 0.95 percent from the previous trading day.

Source:Xinhua

 

[Brotherhood]

First phase of Shanghai Disneyland to cost 24.5 billion yuan - People's Daily Online March 07, 2011

An investment of 24.5 billion yuan has been approved for the first phase of the Shanghai Disneyland project, said Han Zheng, Shanghai's mayor and a deputy of the National People's Congress, on March 6 during the annual session of the NPC.

"I hope that the Shanghai Disneyland project can start as soon as possible. Currently, the preliminary work is under way. I have read some inaccurate media reports on the project investment. Therefore, I want to clarify here that the total investment of the approved first-phase project stands at 24.5 billion yuan," Han said.

The contract of the Shanghai Disneyland project was signed in Shanghai in November 2010. This is the first Disneyland on the Chinese mainland and the sixth worldwide. The first phase of the project will be completed and open to the public during the 12th Five-Year Plan period (2011-2015).

By Li Jia, People’s Daily Online

 

[Brotherhood]

Central gov't backs HK to become offshore RMB center - People's Daily Online March 07, 2011

The central government supports Hong Kong in building into an offshore RMB center, said a Chinese senior official Sunday.

The central government also supports Hong Kong in strengthening its competitiveness and consolidating its position as an international center of finance, trading and shipping, Xu Xianping, vice minister of the National Development and Reform Commission, said at a press conference.

Becoming an offshore RMB center matters a lot to Hong Kong's status as an global finance center, said Li Lihui, president of the Bank of China, on the sidelines of the on-going parliamentary session.

Since Hong Kong is the springboard for many mainland companies to go global and overseas businesses to the Chinese mainland, Hong Kong's possible status as the RMB center will benefit handsomely both Hong Kong and companies at home and abroad, he said.

Source: Xinhua