Though the global economic slowdown curtailed spending by Chinese consumers in the real time world, it did not deter them from patronizing social networking websites.
In an economic slowdown companies tend to scale down their business in order to deal with reduced demand. But for outsourcing giants, this is not the case.
The international success of Amazon's e-book reader Kindle is prompting Chinese companies to create their own versions for the domestic market.
With economic globalization and the rapid development of network technology calling for a new solution to the sustainable development of hi-tech parks around the world, the Information Bridge - more colloquially known as iBridge - is an innovative bid to meet the challenges stemming from globalization and a "knowledge-based" society. The initiative attracted global attention due to its pioneering role in China's economic reform.
With its self-appointed mission to link businesses across the world, the Information Bridge (iBridge), an Internet-based platform developed by the Haidian Science Park (HSP) to promote international cooperation and support the internationalization of businesses in China, has become indispensable as a means to push the resident companies in the HSP to go global.
Liu Tianwen, CEO and chairman of iSoftStone and a renowned figure in China's IT industry, says Zhongguancun Haidian Science Park has been a "strategic partner" crucial to his company's success.
To be in Haidian is to be better positioned for the world.
Wang Xu was the last employee hired by Capinfo Co Ltd when it was founded in 1998 with 43 staff members - but it's fair to say he has done well.
Although China has replaced the US as Brazil's largest trading partner, there is no room for complacency, said Rodrigo Tavares Maciel, executive secretary of the China-Brazil Business Council.
Editor's note: Buoyed by the news that China plans to raise the limits on inbound portfolio investments and shorten their lockup period, foreign private equity (PE) firms are now keen to increase their quota and invest their yuan-dominated private equity funds.
Asia may be the world's most influential economy by 2020, according to a survey by international communications and public affairs consultancy Fleishman-Hillard released yesterday in Dalian at the ongoing Summer Davos forum.
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