ChinaVista Logo Welcome to China Virtual Tours Great Wall
Join Us . Advertise Info




China Tours



Travel Highlight The Great Wall Beijing | Shanghai China Impression Tours Arts & Crafts | Recipes Necessity
Travel Vista Yangtze River Jiangsu | Guangdong Silk Road Tours Chinese Dress | Relics Travel Fast Facts
Cities Vista The Forbidden City Yunnan | Sichuan Tibet Adventure Tours Festivals | Architecture Find Hotels
China Experience The Temple of Heaven Shaanxi | Gansu Scenic China Tours Articles | Literature Book Flights
Chinese culture The Yellow Mountains Xinjiang | Tibet | Guilin More China Tours Cheongsam | People Buy Souvenirs
Welcome to China Virtual Tours, your premier online guide to travel in China.

ChinaVista >> China Virtual Tours >> Travel News & Events

Beijing's Olympic Win Attracts

BEIJING, August 7 -- Encouraged by Beijing's Olympic win, a great number of multinational corporations are planning to step into the China market, especially in the telecommunications sector, Tuesday's Beijing Morning Post reports.

"The number of such corporations is very large," said Yao Wang, chairman of the Beijing Municipal Association for Promotion of Foreign Trade.

The paper quotes the official as saying that the Telstra Corp Ltd, Australia's largest telecom carrier, and the No.1 telecom corp. of Hong Kong have expressed their desire to enter the China market, making the use of the Olympic opportunities.

According to the paper, more multinational corporations, which already have businesses in China, are making extra investment.

Siemens plans to invest 60 million U.S. dollars to expand its production of mobile phones from 10 million to 14 million annually in Shanghai. The mobile telecommunications department of the corporation plans to invest 250 million U.S. dollars in the research and development of new telecom products, and plans to produce the first batch of TD-SCDMA handsets in Beijing in 2003.

Moreover, Microsoft, Motorola, IBM, Intel and Nokia all intend to increase their investment and expand their businesses, according to the paper.

To grasp the business opportunities brought about by the Olympic Games, many multinational corporations, such as the ABB of Switzerland and the Chevron Overseas Petroleum Inc. of the United States, have decided to relocate their respective headquarters to China, the paper reports.

-- source: Xinhua News Agency

back to news indexreturn to travel news index

click here to feel china from the closest

The Great Wall Of China ||Xi'an Terracotta Warriors ||The Yellow Mountains||Guilin Tour|| Tour of Tibet|| Yangtze River

- Home - Travel - Attractions - Destinations - China Tours - Culture - Souvenirs - Tips - Travel Talk -

China Virtual Tours is a part of services. 1996-2014. Copyright Claims.