Texas Economic Development
OFFICE OF INTERNATIONAL BUSINESS
Texas - China 2002
Texas Business Mission to Beijing, Xian, Shanghai, and Suzhou
5th China Beijing International High-Tech Industries Week and Science-Tech Expo
In its 4th Trade Fair in May 12-19, 2001, it had 2200 exhibits (booth), including 400 foreign companies and over 500,000 business people visiting the fair. Over 2,000 visitors from foreign government, economic organizations, banks, trans-world companies, high-tech companies, scholars, economists, engineers and technicians attended the fair. Both China’s and foreign companies combined made 823 business contracts, valued at $8 billion US dollars. The fair consists of the following exhibition areas:
Ø Computer and electronics;
Ø Communication technology;
Ø Internet business network;
Ø Biological engineering, and bio-chemical technology;
Ø Pharmaceutical & medical technology;
Ø Energy and new & alternative energy technology;
Ø Environmental protection technology; and
Ø Different professional seminars and symposiums.
Recently, Beijing successfully won the bid to host the 2008 Olympic Games. In preparing for the Games, the Chinese government will invest over RMB 180 billion in the next 5 years to improve the infrastructure of the city. Out of the RMB 180 billion, RMB 30 billion will be spent on improving the city’s telecommunications network. It will invest RMB 54 billion between 2003 and 2007 to complete major environmental protection projects. In addition, Beijing is going to construct 19 new stadiums as well as a 1,215-hectare Olympic Park located in the northern part of the city. Beijing's imports increased by 37.2% to US$16.6 billion in 2000. Major import commodities were industrial equipment, textiles, light industrial products and chemicals.
At present, Shaanxi has 0.67 million kW installed capacity for power generation. In view of the abundant supply of coal, oil, natural gas and hydropower in Shaanxi, the government plans to construct a number of power plants to raise the electricity generation capacity to 1.0 million kW by 2005. A total of nine stations using coal, hydropower and natural gas will be built. Besides, a new oil pipeline (Lanzhou-Chengdu-Chongqing) will be constructed to transmit oil from the northwest region to the southeast region. The pipeline will pass through 30 counties and cities in Gansu, Shaanxi and Chongqing with an annual oil transmission capacity of more than 5 million tons and is expected to begin operations in June 2002. Xian is one of the strong electronic industrial bases in China and has become an IT powerhouse. Xian’s imports were US$1.1 billion in 2000. Major import items included synthetic fibre, machinery, chemicals and pharmaco-raw material, electronic equipment and instruments, and ferrous and non-ferrous metal.
Shanghai is the largest commercial and financial center in China. By the end of 2000, there were 3.6 million mobile phone users around the city. To accelerate the country's energy development strategy in coming years, a major gas pipeline with total length of 4,200 kilometers will be built. Shanghai aims at becoming an international information centre (IT) in China. Besides, the city has started to build a chemical industry park, which will concentrate on the manufacturing of various high-tech petrochemical products. So far, multinationals such as BASF from Germany and NPU from Japan have already planned to set up subsidiaries in the park. Shanghai has more than 50 foreign-funded banks and about 24 of them have licenses to carry out Renminbi (RMB) business.
Imports also increased by 52.1% to US$30.1 billion in 2000. Major imports included garment, automobile parts, electronic parts, etc. The Pudong New Area is the focal point of China's economic development strategy for the 1990s. It is destined to become a high-tech industrial zone and an international financial and trade center.
A High-Tech Industrial Development Zone, also known as Suzhou New Development Zone, aims at developing into a high-tech development zone. Electronics, telecommunications, and textiles have become the pillar industries in the zone. An Advanced Micro Devices plant is located there.