Review on China Power Economy in 2004 and Near-Term Prospects

This paper introduces overall policy and economic environment for power industry in China. Thepolicy environment tends to be favorable, while the economic environment seems worrisome. The latter ismainly due to energy transportation blocking and price escalating. The paper also introduces the performanceand development of listed power companies, and points out that the power stock market is still promising andpower industry is still valuable for investment.

Digital Engine Powers New Economy

Internet 已成为推动世界经济的强大动力。在美国Internet经济的总额1996年为155亿美元,1997年增加到390亿美元,预计到2001年将猛增至3500亿美元。所以本文作者认为Internet正在推动美国新经济(new economy)时代的到来,并指出与美国的商业部门相比较,美国的政府和教育部门已在Internet经济中落后。尤其是教育。如在过去5年中美国有博士学位的工程师中的1/4来自国外。