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
VC firms optimistic about China investment prospects
Over half of venture capital (VC) companies from home and abroad remain optimistic about investment prospects in China, though most of them are more cautious due to the current financial turmoil, a report said.
China Venture Capital Research Institute Ltd surveyed 402 VC companies over the past three months, including 261 local companies and 141 overseas ones.
According to the survey, 57 percent of VC companies believed there would be investment opportunities for China in the current financial crisis, while only about 1.64 percent of respondents said they were pessimistic about future investment in the country.
Source: China Daily
02-20-2009 08:22
Tags: china, investment, vc, venture capital
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.