Chinese enterprises are operating by the laws and in conformity to market rules. As a result, the amount of money that Chinese enterprises paid to foreign patents owners soared, and those enterprises without self-developed intellectual property have come

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• Chinese enterprises are operating by the laws and
  in conformity to market rules. As a result, the
  amount of money that Chinese enterprises paid to
  foreign patents owners soared, and those
  enterprises without self-developed intellectual
  property have come under great financial and
  technological pressure to survive.

2

• technological standards have been in the approval
  process of the International Organization for
  Standardization and are expected to be erected as
  global international standards to be followed by
  video item producers worldwide.

3

• Japan's leading newspaper Yomiuri Shimbun wrote
  of China's own 3G technology that Chinese
  enterprises have felt a strong sense of threat
  that lacking self-developed technologies will
  only benefitoverseas enterprises.  
•   China has finished adapting its laws in
  accordance with WTO rules as part of its WTO
  entry commitments. 

4

• Statistics show that Chinese enterprises as a
  whole have spent over 10 billion yuan (1.2
  billion US dollars) in purchasing and using
  foreign patents in production. For DVD production
  alone, Chinese enterprises had to give 4.5 US
  dollars in patent fee for each DVD machine they
  produced to the union of six DVD technology
  developers that include Hitachi, Panasonic and
  Toshiba.

5

• After suffering from lack of patents and
  benefiting from inventing own technologies,
  Chinese enterprises have known that ' copying'
  will lead to a ruin of creativity, and to develop
  their own intellectual property is a safe way to
  stand in the long run

6

• it was stressed to develop new technologies and
  foster Chinese enterprises' ability of creating
  own brands.

7

• Haier has taken up a niche on the US household
  electrical appliances market undergoing fierce
  competition. At present, the American Haier
  Industrial Park's first project-refrigerators
  factory is gaining a good development momentum,
  in the future the American Haier Industrial Park
  will be developed into a comprehensive white
  household appliances production base. the United
  States is a country with a very mature market
  economy, to engage in frontal competition with
  its local opponents.

8

• The American colleagues, influenced by Haier
  personnel stationed locally, have gradually
  become adapted to Haier's working environment and
  cultural atmosphere, both sides have harmonious
  exchanges, the difference of cultural background,
  instead of causing estrangement between the
  Chinese and American workers in their work, has
  increased their interest in mutual understanding.
  

9

• Construction of the factory started in South
  Carolina, USA in April 1999 at a cost of US30
  million, which formally went into production in
  March Currently, although it is still in its
  initial stage, when the correspondent saw the
  colossal factory buildings, the dust-free
  workshops, the busy working employees and sets of
  brand-new refrigerators, he deeply felt the Haier
  people are really doing something great in a
  solid way. This kind of successful cooperation
  has benefited both China and the United States.

10

• Merging itself with the locality
• "Merging itself with the locality" is a link to
  which the American Haier Factory attaches great
  importance. Zhang Jinmin said, "Our factory has
  created considerable job opportunities for South
  Carolina."

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• With a world market share of 5.3 percent, China's
  Haier Group Corporation has ranked second in the
  global refrigerator production industry,
  according to a survey by the world-renowned info
  company Euromonitor. In the survey listing of
  the top ten name brands of refrigerators, Haier's
  market share is only one percentage point less
  than that of Whirlpool, which is in first place.
  Electrolux, Kenmore and GE rank in the third,
  fourth and fifth places.

12

• The achievement marks the initial success of
  Haier's international business strategies. Haier
  started production of electrical household
  appliances 17 years ago, and has now surpassed
  many transnational companies. In the, Haier's
  rapid progress has been applauded by local
  economic experts. Many large US discount
  stores, including the retail giant Wal- Mart, now
  sell Haier refrigerators. Wal-Mart spokesman Rob
  Phillips said the sales volume of Haier products
  advanced steadily in the second half of last
  year.

13

• A group of backbone enterprises, including the
  China National Petroleum Corp., China
  Petrochemical Corp., China Worldbest Group Co.
  Ltd. and the Haier Group, have profited by
  implementing the going-out strategy. The
  Wanxiang Group, Broad Air Conditioning, New Hope
  Group and many other private enterprises have
  entered the international market. The

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• China State Construction Engineering Corp.,
  Shanghai Construction Engineering Co. Ltd. and
  other construction enterprises engaged in
  overseas project contracting have increasingly
  played their role as backbone forces and
  continuously improved their operational levels.

15

• ole in providing information, legal service,
  financing, intellectual property rights
  protection and authentication for Chinese funded
  enterprises. They guided enterprises toward the
  proper use of special funds, export loans and
  credit insurance, and have devised a number of
  policy measures concerning finance, insurance,
  taxation, foreign exchange, foreign trade and
  economic cooperation, customs, inspection and
  quarantine, with an eye to enhancing the
  international competitiveness of Chinese
  enterprises.

16

• To guarantee the legitimate interests of
  individuals and enterprises making investment
  abroad, efforts have been made to set up security
  systems and complete legislations on overseas
  investment, project contracting and labor
  cooperation.

17

• Vice Minister of MOFTEC Long Yongtu said
• Departments in charge of foreign trade and
  economic cooperation have intensified cooperation
  with relevant departments and established a sound
  coordination mechanism to jointly support Chinese
  enterprises to make their way into the
  international market.

18

• Internationalized Strategy Bears Rich Fruit s
• Setting up a factory in the United States is the
  need of Haier Group's implementation of an
  internationalized strategy. Haier's mode of
  overseas development is three-in-one
  "nativitization", i.e., designing, manufacturing
  and marketing are being carried out locally to
  realize the goal of creating local name brand
  through the raising of funds, the introduction of
  intellectual resources and the integration of
  culture.

19

• Chinese business organizations overseas have
  strengthened their guidance, service, management
  and coordination with Chinese enterprises making
  investment abroad. To meet international
  standards, enterprises engaged in transnational
  operation and those that plan to do so have
  intensified reform and established efficient
  decision-making, management and operational
  mechanisms.

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• China is taking measures to maintain steady and
  relatively fast economic growth and prevent major
  ups and downs in development

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• China prudential in reforming RMB exchange rates
  mechanism
• Wen Jiabao said that China should be prudential
  on the method and timetable of there form on
  Renminbi (RMB) exchange rates mechanism, noting
  that China has not given up the reform.
• Two directions will be followed in the reform,
  keeping the RMB exchange rates basically stable
  at a balanced, reasonable level and exploring a
  market-based exchange rates mechanism.
• The reform will be based on the situations of the
  macro-economy and the banking system, he said,
  noting that some unexpected results might
  otherwise be possible.
• China will listen to suggestions and advice from
  various sources on this "complex" issue, so as to
  guarantee the stability of the regional and world
  economy, said the premier.

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• The reform will be based on the situations of the
  macro-economy and the banking system, he said,
  noting that some unexpected results might
  otherwise be possible.
• China will listen to suggestions and advice from
  various sources on this "complex" issue, so as to
  guarantee the stability of the regional and world
  economy, said the premier.

23

• RMB exchange rate has never been frozen," said
  Wen in response to Linnebank's remark that RMB
  exchange rates were believed to be frozen by some
  people.
• China follows a market-based, single and managed
  floating exchange rate system since 1994, Wen
  said. RMB appreciated 38 percent against US
  dollars between 1994 to 1997.
• When the Asian financial crisis struck in 1997,
  China insisted that its currency not devalue and
  kept the RMB exchange rate stable in a
  responsible manner, and narrowed the floating
  scope of the RMB exchange rate since then, Wen
  said.

24

• Chinese government will take forceful and
  effective measures to address the existing
  problems in the economy, such as excessive growth
  in fixed asset investment, bank credits and money
  supply and growing inflationary pressure.
• Wen said the government's macro-economic control
  will be resolute and decisive, as well as timely
  and appropriate, dealing with different issues in
  different ways.

25

• He noted that the Chinese economy as a whole is
  in good shape, with fast growth, growing profits,
  improving agricultural production, expanding
  foreign trade, surging fiscal revenue and
  constantly rising incomes for residents.

26

• In order to curb excessive fixed asset investment
  that drove up prices for capital goods and
  strained supply of coal, electricity, oil and
  transportation, the government will tighten the
  supply of money and land, step up control of
  construction projects and exercise economy in
  resources consumption.
• Wen said China has twice raised the reserve
  requirement for banks. It will also issue new
  regulations on tightening land management and
  raise capital fund ratio in fixed asset
  investment for certain industries.

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• "We believe all these measures will take effect
  in a period of time, and that the economy will
  maintain stable, relatively fast growth without
  major ups and downs," Wen said.
• He said China will unswervingly push forward
  reform of the investment system and the financial
  sector so as to uproot of the structural and
  institutional causes of the existing problems.

28

• "We believe all these measures will take effect
  in a period of time, and that the economy will
  maintain stable, relatively fast growth without
  major ups and downs," Wen said.
• He said China will unswervingly push forward
  reform of the investment system and the financial
  sector so as to uproot of the structural and
  institutional causes of the existing problems.

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At present foreign employees in TCL account for
18 of its total population, within 35 years in
the future, TCL will speed up its pace in
localized value innovation to further improve the
proportion of localized personnel within the
global range." According to TCL's statistics,
among the globally recruited personnel medium and
senior positions account for about 40, R D
personnel account for some 70 and personnel
required for the TCLThomson project and mobile
telecommunication account for 60.