Limited spaces available. Join us on 30 March 2009 @ Langham Hotel, Auckland City
International Sustainable Cities Forum
Building Sustainable Cities
Bringing together government and corporate leaders from New Zealand and China to explore the challenges and opportunities of building sustainable cities. Held in conjunction with the 1st Anniversary of the signing of the China-NZ FTA.
AmCham-China warns U.S. firms against losing opportunities
This warning to US firms to not miss out on opportunities in the current crisis also applies to New Zealand firms doing business or intending to do business in China.
TIANJIN, Feb. 24 (Xinhua) — The head of the American Chamber of Commerce in China Tuesday warned that companies that held back from the Chinese market because of the global economic crisis will lose valuable development opportunities.
And chairman John Watkins called on the Chinese government to provide more “transparent” information about its 4-trillion-yuan (585 billion U.S. dollars) national stimulus package so that U.S. companies could compete fairly with their Chinese counterparts.
“We are quite clear that whoever retreats now will lose development opportunities in China,” said Watkins, also chairman and CEO of Cummins (China) Investment Co. Ltd., in fluent Chinese.
“Most of our members are confident about the Chinese market in 2009,” Watkins told Xinhua.
U.S. companies in China were less affected by the global economic crisis than those back in the United States. Many multinationals, including Cummins, expected to expand in China this year, he said.
“I hope our exports to China could reach 1 trillion U.S. dollars in 30 years and the investment of Chinese companies in the U.S. then could also reach that amount,” he said.
Tags: amcham, china, investment, new zealand, recession, stock market, sustainable development, united states, venture capital
Templeton says China stock market has bottomed
SHANGHAI, Feb 20 (Reuters) – China’s stock market has seen a bottom but if the rebound is to develop into a bull run, investors need to see signs of a sustainable economic recovery, the research head at Franklin Templeton Investment’s China fund venture said.
Pan Jiang, who will soon manage a newly launched equity fund that invests in high-growth A share companies, said he favours stocks such as chemicals producer Yantai Wanhua Polyurethane Co (600309.SS) and property developer Vanke 000002.SZ.
Tags: china, investment, recession, stock market, templeton, vanke, wang shi
International Sustainable Cities Forum 2009 is brought to you by New Zealand Chinese Herald and Euroasia. We also appreciate the support of McConnell Group, Framecad, China Urban Realty Association and The Embassy of the People's Republic of China in New Zealand.