The World Business

Posts Tagged ‘China’

Dow Jones appears to increase, as well as the S & P 500 due to investors' views that the fading of the Chinese action to tame growth. In addition, the technical index in the short term this seems too low.

While the Nasdaq index closed lower end the increase for eight consecutive days because most technology sector stocks suffered profit taking action. The volume of transactions recorded approximately 7.32 billion shares traded on the New York Stock Exchange, American Stock Exchange and Nasdaq. Still far below the daily average this year of as much as 8.62 billion.

Forbes indeed always makes a list of rich people all over the world, including China. The richest one from China is Qinghiu Zong, Wahaha Group, a food entrepreneur. The total wealth of 65-year-old businessman was U.S. $ 8 billion. Do you know that the richest man number two is charted by a young man called Robin Li. He is an entrepreneur whose name rised up in the information technology industry. Robin Li is the founder of search engine Baidu Inc., The challenger giant Google.

China, in Asia, is a country, which is developing rapidly and creating hurdles and challenges for developed countries. After 1976 the Chinese people took more interest in improving their economical condition. It’s only due to their firm faith, struggle, and hard work. Good decisions make a nation lucky and the same case was with china. One important decision was made in 1980 and it was about to create several Special Economic Zones (SEZs) in China. This step made the customer and the international businessmen more close to China. The center was down south, which compel the British government to invest in this scheme because it was just across the Hong-Kong border. Every country of the world took her part and invests in Shenzhen. In a rough calculation over U.S.$60 billion were invested in china at that time. Because it was a center which attracted the not only businessmen but also customers to come and visit. It was first time in history that a tiny city became popular within short period of time. People with different ages, now, working there and earning money. They are spending a prosperous life. They spend most of their time in work. In a survey it was estimated that approximately 12 million Chinese have been moved to Shenzhen. China sends thousands of youngsters in United States for study and technical education.

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