Briefly…Top Ten Tweets (From Expo, Trials, & Frugal Innovation, To Employment Contracts, Investment & Procurement Policies)

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A quick catch-up of last week’s most noteworthy news from on our ChinaBlogTweets Twitter feed.

Of course, the Shanghai Expo is starting to get a lot of exposure – even before the official, May 1, opening (and the holiday that goes with it). Initial reactions have been mixed, and there is clearly a lot of queuing to be done. But (from a Brit’s perspective) at least the UK’s Seed Cathedral (aka “the Hedgehog”) is generally thought to be awesome.

While Shanghai is having its moment, the rest of China is also doing OK, and continues its bull run. The IMF has estimated 10 percent GDP growth for 2010, with the help of higher domestic demand (and, therefore, more balance / less reliance on exports), and some frugal “Shanzai” innovation.

But it is not just at home that China is showing its confidence. China’s overseas direct investment (ODI) is growing, along with its influence. A US$20 billion to Venezuela is just the latest move in a long game that is being mapped by Forbes (see the link below).

This confidence and power also has implications for policy, and for foreign companies going into China. Nothing too dramatic but, as we have noted before, the business environment has changed. Corruption is an old story, but the Rio case , along with Google’s exit, has heightened tensions (Rio has issued new guidelines for China. The case against Gome founder Huang Guangyu has also generated interest, and reminded some that it is not just foreign companies & executives that get into trouble). We are also reminded of the need for regulatory compliance (in employment contracts and other areas). On the plus side, protectionist procurement policies have been watered down a bit, and government support for foreign investment has been “reaffirmed”.

We, of course, are not the only ones tracking China’s rise. A new blog, The China Tracker from Forbes, is a welcome addition to our blogroll.

For more details of all of that, and to see out Top Ten Tweets, please read on…

1. Big expectations…Big crowds RT @fonstuinstra: Worried for Expo http://ow.ly/1BJlT 8:16 PM Apr 22nd via Echofon (Also must see UK pavilion – RT @taniabranigan: … I’ve put pix of the (gorgeous) Brit pavilion up here – interior even better…http://bit.ly/bxeaA8 6:45 AM Apr 22nd)

2. Domestic demand as driver RT @China_Daily: China’s GDP to grow by 10% in 2010: IMF http://tinyurl.com/23bm5qr 6:59 AM Apr 22nd

3. Guanxi and Shanzhai in “frugal innovation” in China. “First break all the rules”, The Economist. http://ow.ly/1B6gn 8:57 AM Apr 21st

4. ODI RT @gadyepstein: Forbes maps out China overseas investment since ’05. http://twurl.nl/jzgcwg. Interactive… via @HanaRAlberts 6:49 AM Apr 22nd (and the mapping will have to continue…RT @vshih2: China Development Bank…to lend $20 billion to Venezuela, Chávez says http://bit.ly/dCrIpY (via @ChinaRealTime)/ spare change 8:45 AM Apr 19th)

5. Rio article & judgment RT @taniabranigan: Transcript of Stern Hu trial (original +translation) from The Australian http://bit.ly/cURaN7 8:52 AM Apr 20th (Other firms may also want to review guidance…Information gathering guidance RT @chinaeconreview: Rio issues extra guidelinesfor China http://dlvr.it/Yfsw 6:46 AM Apr 20th)

6. RT @danwei: Gome founder Huang Guangyu goes on trial: Formerly China’s richest man, Huang Guangyu…http://bit.ly/bpmxMd 6:49 AM Apr 22nd

7. RT @raykwong: Reading: “China Employment Contracts. Ten Things To Consider.” http://twurl.nl/cp5eyu (by @DanHarris) 6:48 AM Apr 22nd

8. RT @chinahearsay: Stanley Lubman: China Modifies Government Procurement Policies, But Foreign Concerns Remain http://tinyurl.com/yyj854p 2:29 PM Apr 19th

9. RT @chinahearsay: King & Wood: China Reaffirms Support for Foreign Investment http://tinyurl.com/y5r6xg8 – commentary on the new FDI rules 8:34 AM Apr 19th

10. A tracker to track RT @niubi Why We Need A China Tracker « Forbes.com’s The China Tracker http://bit.ly/blffBm will be 1 of the contributors 12:58 PM Apr 22nd

3 Responses to “Briefly…Top Ten Tweets (From Expo, Trials, & Frugal Innovation, To Employment Contracts, Investment & Procurement Policies)”

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