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Market Watch

Market Watch
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摘要 Ladies and gentlemen, it’s 10.7 percent! All estimations, guesses and doubts came to a close after the National Bureau of Statistics issued the 2006 GDP growth rate.Backed by the booming domestic market, China Mobile has been fearless, determined even to buy a loss-generating Pakistani telecommunications company. Well, all our blessings.As domestic giants spare no effort to “go out,” foreign tycoons show their keen interest in “coming in.” Swiss company UBS AG has seen its dream come true in that it finally won approval from the government to provide comprehensive brokerage services to Chinese customers. Similarly, New York-based insurance company Marsh & McLennan Companies happily announced that it will become the first wholly foreign-owned insurance company operating in China.Meanwhile, there are a lot of mergers in China, but some messy divorces too. Look at this one. The seemingly happy merger ofChangjiang Securities and BNP Paribas broke up soon after their not-so-sweet honeymoon ended.In the transportation sector, Delta Air Lines Inc. is applying for adirect flight between Shanghai and Atlanta in an effort to tap into the vast potential of air services between the two countries. Ladies and gentlemen, it's 10.7 percent! All estimations, guesses and doubts came to a close after the National Bureau of Statistics issued the 2006 GDP growth rate.Backed by the booming domestic market, China Mobile has been fearless, determined even to buy a loss-generating Pakistani telecommunications company. Well, all our blessings.As domestic giants spare no effort to 'go out,' foreign tycoons show their keen interest in 'coming in.' Swiss company UBS AG has seen its dream come true in that it finally won approval from the government to provide comprehensive brokerage services to Chinese customers. Similarly, New York-based insurance company Marsh & McLennan Companies happily announced that it will become the first wholly foreign-owned insurance company operating in China.Meanwhile, there are a lot of mergers in China, but some messy divorces too. Look at this one. The seemingly happy merger of Changjiang Securities and BNP Paribas broke up soon after their not-so-sweet honeymoon ended.In the transportation sector, Delta Air Lines Inc. is applying for adirect flight between Shanghai and Atlanta in an effort to tap into the vast potential of air services between the two countries.
出处 《Beijing Review》 2007年第5期42-43,共2页 北京周报(英文版)
关键词 AG GDP Market Watch UBS
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