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.
Despite the global economic downturn, China is fast becoming the world leader in the race to develop and commercialize low carbon technologies, amid the efforts to slow down the global warming, a new report by the London-based Climate Group has found.
China's unprecedented plan to offer subsidies for utility-scale solar power projects is likely to spark a new round of investment from Chinese solar panel makers. The nation is trying to catch up in a global race to find alternatives to fossil fuels, blamed for carbon emissions affecting the planet's climate.
Dalian, one of the largest coastal cities in Liaoning province, is aiming to re-invent itself as one of the leading international shipping, logistics and financial centers in Northeast Asia.
The development of the coastal economic belt of Liaoning is of great importance for regional cooperation throughout Northeast Asia, according to a number of leading commentators. The comments come in the light of the State Council recently approving a plan to boost the development of the region's coastal area.
The State Council's decision to designate the development plan for the coastal area of Liaoning as a State-level strategy is set to have a profound impact on the economic development of Northeast Asia, a high ranking official in Dalian said.
On July 1, a State Council meeting, presided over by Premier Wen Jiabao, approved the development plan of the coastal economic belt in Liaoning province. This economic belt includes Dalian, Dandong, Jinzhou, Yingkou, Panjin and Huludao, six cities situated along the coast of Liaoning province.
Authorities of the Dalian Economic and Technological Development Zone plan to attract more world-class projects by 2012 while building three industrial clusters with industrial output of 100 billion yuan each, according to Zhang Shikun, director of the zone's administrative committee.
As China's auto industry continues to set records, authorities at the Dalian Free Trade Zone are making plans to become a vehicle export center as well as the nation's largest international energy port, according to Lu Lin, head of the zone's administrative committee.
Xu Changyuan is nothing if not optimistic - and ambitious. The director of development at Dalian's Changxing Island expects the island's GDP to rise more than 600 percent from 1.12 billion yuan in 2008 to 130 billion yuan by 2020.
Founded more than a decade ago, the Dalian Hi-tech Zone has matured enough to now serve as a flagship for the greater coastal economic zone, according to the vision of Luan Qingwei, director of the zone's administration committee.
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