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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (2819)	3/16/2004 2:43:13 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

GE blazes trail in leasing biz in China By Liang Yu (China Daily) Updated: 2004-03-16 11:15 GE China, a unit of the US conglomerate General Electric, is expected to be the first foreign company to announce the setting up of a subsidiary in China to conduct leasing business. This would represent a major step forward in the opening of China's financial industry in accordance with the nation's commitments to the World Trade Organization (WTO ). Industry sources said the development of the leasing market could help enhance the efficient use of capital by the many Chinese enterprises that are expanding to meet increasing demand fuelled by rapid economic growth. Many foreign leasing companies are known to have been attracted by the Chinese market's massive business potential. And now that the green light has been given they are expected to follow GE's lead, the sources said. chinadaily.com.cn