CIG CEO 吴敏春在CIV 2001开幕式上讲话-新经济中的丝绸之路 (2)
　2001-06-07 09:53:08

　　


　　Ancient China is showing its new charm. China with its 1.3 billion population has great attractiveness in the market place. Its economic size recently was calculated at 9.1trillion RMB; or $1.1trillion USD in 2000. GDP Growth was an 8.3% average from the years 1996-2000 and is expected to be at 8% in 2001. Of the Major exports in the year 2000, Computers and telecomm equipment accounted for 10.8% of the total, and of the Major imports in the year 2000, computers and telecomm equipment accounted for 9.2% of total. Foreign Direct Investment continues to grow and increased 12.4% from a year earlier to almost US$11 billion in the first four months of the year, compared with an 11.7% rise in the first quarter. Meanwhile, capital expenditure grew by 16.5% during the same period, as the government continued to pour funds into infrastructure projects. In the financial sector the Stock market hits all time high, the

　　Shanghai Stock Exchange reached over 2200 in late May and is still trading above that level, a sharp comparison with the falling of Nasdaq.


　　Comes with the great opportunities, there are also risks for investing and doing businesses in China. The laws and regulations may not be most updated to apply to the new technology development, the lack of experienced talents, the modern management process in financial structure, the exit strategy for foreign venture capital investments, all these can present challenges and culture shock for foreign capital and corporations. However, as said by the old Strategist Sun Zi, "zhi ji zhi bi, bai zhan bu dai", knowing what you are getting into, will make you the journey to China smooth and help to achieve a great success.


　　During the conference, we will discuss hot topics such as CDMA and new generation of wireless technology, The Opportunities and Challenges of Broadband in China, Then, Corporate IT infrastructure, The Outlook of China‘s Media Industry in New Economy, The Infrastructure and Business Model of Data Centers, and one of the most popular panels in all of our conferences, the VC Opportunities in China.

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