It all did wonders for confidence. People are now beginning to say this market could reach 11,000 by the year end. After the market closed, Hong Kong banks decided to leave interest rates unchanged at their weekly meeting. Pudong is the only place in China where the government allows companies and enterprises from the rest of the country that have trading rights to establish operations. But many companies were deterred because their yearly exports couldn't meet the previous requirements set for a branch in Pudong.
China is a huge opportunity for all our businesses.
We had the highest growth rate here, reaching more than 100 per cent in the first three quarters and there is exponential growth,'' he said, adding that growth in Internet use on the mainland would propel expansion even faster. China is of paramount importance, as research indicates that two million Chinese are already connected to the Internet,'' said Joseph Benaroya, vice-president of Global PC sales. According to the memorandum of understanding, IDG will invest in around 300 Chinese high-tech projects over the next seven years with a goal of encouraging innovation. China announced anti-dumping regulations for the domestic steel industry in an effort to ensure fair competition in view of oversupplied markets and confront import pressure. The measure comes three months after similar regulations were established for the flat glass industry.