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China: Beijing Olympics
built 629 days ago
On March 1, 1979, the United States and China formally established embassies in Beijing and Washington, DC. During 1979, outstanding private claims were resolved, and a bilateral trade agreement was concluded. Vice President Walter Mondale reciprocated Vice Premier Deng's visit with an August 1979 trip to China. This visit led to agreements in September 1980 on maritime affairs, civil aviation links, and textile matters, as well as a bilateral consular convention.
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BEIJING, China, April 26 /Xinhua-PRNewswire/ -- ChinaCache Network Technology (Beijing), the leading service provider of content distribution networks (CDN) in China, announced today that it has successfully closed its US$31.5 million Series B financing. Qiming Venture Partners led this round, joined by its US partner fund, Ignition Partners, LLC, and C.V. Starr International, Susquehanna International Group ("SIG") China, and existing institutional investors, JAFCO Asia, Intel Capital and Investor AB.
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The current president, Hu Jintao, has proclaimed a policy for a "Harmonious Society" which promises to restore balanced economic growth and to channel investment and prosperity into China's hinterlands, which have been largely left behind in the economic boom since 1978. This policy involves additional tax breaks for farmers, a rural medical insurance scheme, reduction/elimination of school tuition fees and infrastructure development to encourage investment in underdeveloped areas, e.g. the Beijing/Lhasa railway - a dream first put down on paper by Sun Yat Sen in the early 1900s.
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The next 5 years represent a critical period in China's development. To investors and firms, especially following China's accession to the World Trade Organization (WTO) in 2001, China represents a vast market that has yet to be fully tapped and a low-cost base for export-oriented production. Educationally, China is forging ahead as partnerships and exchanges with foreign universities have helped create new research opportunities for its students. China will host the Summer Olympics in 2008 and views this as an opportunity to showcase to the world China's development gains of the past two decades. The new leadership is committed to generating greater economic development in the interior and providing more services to those who do not live in China's coastal areas, goals that form the core of President Hu's concepts of a "harmonious society" and a "spiritual civilization." However, there is still much that needs to change in China.
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With an increasing occurrence of North Koreans making dashing attempts to enter foreign embassies in China, Beijing is feeling the brunt of the thorny issue's consequences. And with the US tossed into the fray, the situation only gets messier. (Jun 21)
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Actions Semiconductor is one of China's leading fabless semiconductor companies that provides mixed-signal and multimedia SoC solutions for portable consumer electronics. Actions Semiconductor products include SoCs, firmware, software, solution development kits, as well as detailed specifications of other required components and the providers of those components. Actions Semiconductor ... provides total product and technology solutions that allow customers to quickly introduce new portable consumer electronics to the mass market in a cost effective way. The company is headquartered in Zhuhai, China, with offices in Beijing and Shenzhen. For more information, please visit the Actions Semiconductor website at http://www.actions-semi.com .
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