Michael Evans pointed out that China’s economic growth rate stands at some 8 percent in recent years, ranking first among all the countries. The revolution in its state-owned enterprises has greatly promoted the country’s economic development. All this has drawn more and more world investment giants to its capital market. China’s economy will continuously enjoy the fastest growth next year, according to Michael Evans.

China Mobile Communications Corp. (Hong Kong) and China Petroleum and Chemical Corporation (Sinopec Corp.) have been listed and started trading at overseas stock exchange. Their remarkable performance has successfully built up a good prestige and reputation for the country. World capital investors are busy increasing their presence in China, with the optimistic view of fabulous returns on their investment.

Goldman Sachs sees a bright future for the global capital market in next six to 12 months. The company especially holds that China will be one of the most productive issuing countries for stocks. Michael Evans, also emphasized in his statement, “The market potential of industry other than geographical position are more likely to attract international investors.”

(CIIC 11/24/2000)