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BOC Hong Kong to launch yuan-clearing service


(13 February 2004) Bank of China (Hong Kong) said it expects to reap over HK$300 million (US$38.61 million) in the next two years from clearing yuan transactions for Hong Kong banks, a service the company is due to launch on Feb. 25. (282 words)

China won't dominate textile market in 2005
China will not rise to monopolize the global textile market by 2005 even if quotas curbing the free flow of textiles and apparel are lifted, a local industry leader observed.Cao Xinyu, deputy director of the China Chamber of Commerce of Import and Export for Textiles, the largest chamber in the field with more than 4,000 members, said ...
Since China's accession to the WTO, its winning the Olympic bids for 2008 and World Expo 2010, more and more companies, both local and foreign are itching their way into China's bigger market space. Either they are looking for foreign business partners to expand their business operation in the Mainland, or they are foreign companies wanting to enter the China market.
China hasn't met with severe challenges since its entry into the WTO two year ago, said Mr. Zhang Xiangchen, deputy director of WTO office with China Ministry of Commerce Nov. 29. However, with China's entering into the late transitional period and towards the terminal for fully opening up, China is going to face with a serious ordeal.
Come to the Fair! Exhibitions and Trade Shows are a great place to see what's happening in today's China and meet the people who are making it happen. They're invaluable to the serious investor and interesting to the tourist who just wants to catch a glimpse of what's happening in any given field.

What are the basic laws and regulations encouraging overseas investors to invest in China?
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