How Will U.S. Credit Downgrade Affect China?

August 5 is an unusual day,when Standard & Poor's cut the U.S. credit rating by a notch to AA-plus in an unprecedented blow citing concerns over the nation's budget deficits and climbing debt burden,adding the freshly passed debt reduction plan by U.S.Congress wasn't enough to stabilize the country's debt situation. The agency remains negative on the outlook of the new credit rat-     

German Exports to China Surge Rapidly

Germany is expected to export products and services worth 85 billion euros (US(＄)120 billion) to China in 2012,according to a recent forecast of the Association of German Chambers of Industry and Commerce (DIHK).As a result German sales in China are expected to exceed sales in the USA which DIHK estimates at 78billion euros in 2012.China became the origin of most German imports last year already with Germany importing goods worth US$101 billion,according to the United Nations Commodity Trade Statistics.Germany's yearly exports to China almost tripled within the last five years from US($)26 billion in 2005 to US($)71billion in 2010.     

China as A Growing Strategic Market for German Business

German Companies view China as a more strategically important market, despite their concerns over China's regulatory environment, according to a re-port from the German Chamber of Commerce in China.     

Successful Buslnessman and Philanthropic Citizen

“Lake under the sun shines like a mirror,with glistening waves of green.Fishes swim in rows,baby mallards not awakened by footsteps.” Ihis is a poem written by Wang Shan of the Qing Dynasty depicting the tranquility of the Shang Lake in Changzhou City,East China's Jiangsu Province.Compared with the calmness of the Shang Lake,the business world is much more billowy.In the sea of business,there are not many helmsmen who could steer the boats safely against growling billows with ease and confidence.Lien Yuanchang,Chairman of Commercial Best Mart S.R.L.,is one of such helmsmen.Mr.Lien started his business overseas from scratch 30 years ago,and is now running an international company with diversified businesses.The past years have seen his great achievements despite countless hardships on the way.     

Xixian New Area Aims for Modern Garden City

Xixian New Area became a dark horse at its debut during the 16th Investment and Trade Forum for Cooperation between East and West China (ITFCEW)which was held from April 5 to 9 in Northwest China's Shaanxi Province. The amount of investment in the area totaled RMB 130.5 billion,with 29 projects signed during the fair.Among them,there are 27 contracted projects with RMB 110.5 billion of the total amount of and US$240 million of foreign direct investment.     

UNDP Chief Values China's Sustainable Development

China had made great achievements in sustainable development,and China's experience can be shared with other developing countries,said Helen Clark,Administrator of the United Nations Development Program (UNDP). She made the remarks during her four-day official visit to China from May 16.Clark met with Premier Wen Jiabao to discuss the vital role that China will play in determining the success of the sustainable development agenda,as well as UNDP's strengthened partnership with China.     

Outbound Tourism Soars in China

In 2010,Croatia saw a surge of Chinese tourists, so we will attach more importance to the Chinese market,Zlata Merlin,an official from the Croatian Tourism Bureau,told media at the 7th China Outbound Travel&Tourism Market (COTTM),held in Beijing from April 13th to the 15th. She was not alone in mentioning the importance of the Chinese market.Although the Japan earthquake and turmoil in North Africa has cast a cloud over the recovery of China's outbound tourism,the opening of the COTTM still suggests that...