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Chindex
Receives Corporate Excellence Award from US State Department
Secretary of State Colin Powell honored the business practices of
Chindex International, Inc. at a ceremony in Washington, DC, on October
1. Chindex, which has sold healthcare products and services in China
since 1981, received the Corporate Excellence Award for its successful
business efforts in the country as well as its public service work.
The company beat out 60 other nominees and is the first US company
or subsidiary in China to win the award since the State Department
established it in 1999.
Powell highlighted Chindex's contributions to the development of China's
private healthcare industry and its work in promoting US-China governmental
exchanges. The company has donated funds and services to China's orphanages
and has sponsored educational and training programs for Chinese citizens
in the United States. Powell also noted the company's efforts to improve
China's laws: "Chindex has also worked closely with Chinese officials
and hospital directors to help chart new directions in China's public
health policies. Health officials who frequently visit Chindex's Beijing
United Hospital often consult with Chindex when drafting new medical
industry regulations affecting foreign trade and investment."
The annual Corporate Excellence Award goes to US firms that exhibit
"outstanding corporate citizenship, innovation, and exemplary international
business practices." Chindex, which has 500 employees in the United
States and China and had revenue of $56 million in 2001, received
the award for small- and medium-sized enterprises. Coca Cola Egypt
won the award for multinationals.
PRC Releases Family Planning Law
China's first family planning law took effect on September 1, after
eight months of public education on its contents. Although the government
has enforced the one-child policy since 1980, this law finally provides
a legal framework for family planning and fundamental rights for parents.
The Population and Family Panning Law maintains the goal of one child
per family, but forbids forced sterilization, abortion, or contraception
as well as sex-selective abortions. Significantly, the law stipulates
the rights of the father along with the rights of the mother and allows
paternity leave along with maternity leave for parents with one child.
The law further states that family planning should not be limited
to reproductive-health education, but should include efforts to improve
women's education levels and employment opportunities. The law lists
the general policies of the state; local legislative departments will
specify sections of the law that vary by region.
Although some may see little difference between the new law and the
former one-child policy (for example, instead of parents with multiple
children paying "fines" under the old policy, parents now pay a "social
compensation fee"), international observers may appreciate the codification
of citizens' rights regarding family planning for the first time.
China by the Numbers
|
| Top
State-Owned Enterprises (SOEs) by Revenue, 2001 |
|
| Rank |
Enterprise |
Revenue
($ million) |
|
| 1 |
State
Power Corp. |
48,376.8
|
|
| 2 |
SINOPEC
Corp. |
41,522.1
|
|
| 3 |
PetroChina
Co., Ltd. |
41,091.8
|
|
| 4 |
Industrial
and Commercial Bank of China |
19,828.8
|
|
| 5 |
Bank
of China |
18,082.2
|
|
| 6 |
China
Mobile Communications Corp. |
16,272.7
|
|
| 7 |
SINOCHEM
|
16,165.2
|
|
| 8 |
China
Telecommunications Group Corp. |
14,377.9
|
|
| 9 |
COFCO |
13,040.5
|
|
| 10 |
China
Construction Bank |
12,973.3
|
|
| SOURCES:
China Enterprise Confederation and China Enterprise Directoris
Association (www.jjckb.xinhua.org/asp/Article.asp?TempNum=14145)
|
|
|
|
Top Foreign-Invested Enterprises (FIEs) by Export Value, 2001
|
|
| Rank |
Enterprise
|
Export
Value
($ million) |
|
| 1 |
Motorola
(China) Electronics Co. Ltd |
1,730.0
|
|
| 2 |
Guangdong
Yida Textile Co. Ltd. |
1,240.0
|
|
| 3
|
Beijing
Capitel-Nokia Mobile Telecommunications Co., Ltd. |
1,120.0
|
|
| 4 |
China
International Marine Containers (Group) Co., Ltd. |
790.0 |
|
| 5 |
LG
Electronics (Huizhou) Co., Ltd. |
789.0 |
|
| 6 |
TPV
Technology (Fujian) Ltd. |
700.0 |
|
| 7 |
Seagate
International Science & Technology (Shenzhen) Co., Ltd. |
670.0 |
|
| 8 |
Suzhou
Epson Co., Ltd. |
667.0 |
|
| 9 |
Great
Wall International IT Product (Shenzhen) Co., Ltd. |
660.0 |
|
| 10 |
Canon
Zhuhai, Inc. |
642.0 |
|
| SOURCE:
International Business Daily, September 10, 2002 |
|
|
|
| Top
Non-SOEs by Revenue, 2001 |
|
| Rank |
Enterprise
|
Revenue
($ million) |
|
| 1 |
Legend
Group |
3,972.2
|
|
| 2 |
Wan
Xiang Group |
1,044.3
|
|
| 3 |
Heng
Dian Group |
966.8 |
|
| 4 |
Zheng
Tai Group |
895.8 |
|
| 5 |
De
Li Xi Group |
753.4 |
|
| 6 |
Xin
Jiang Guang Hui Industry Investment Ltd. |
733.5 |
|
| 7 |
Shanghai
High Technology Group |
686.3 |
|
| 8 |
Shanghai
Xin Gao Chao Ltd. |
671.4 |
|
| 9 |
Oriental
Group |
670.3 |
|
| 10 |
Tengen
Group |
611.5 |
|
| SOURCE:
All-China Federation of Industry and Commerce (China Business
Times, August 27, 2002) |
|
|
| Top
FIEs by Revenue, 2001 |
|
| Rank |
Enterprise
|
Revenue
($ million) |
|
| 1 |
Motorola
(China) Electronics Ltd. |
4,939.8
|
|
| 2 |
Shanghai
Volkswagen Co. Ltd. |
3,825.0
|
|
| 3
|
Beijing
Capitel-Nokia Mobile Telecommunications Co., Ltd. |
3,313.3
|
|
| 4 |
FAW-Volkswagen
Automotive Co., Ltd. |
2,626.5
|
|
| 5 |
Legend
Group (Beijing) |
2,000.0
|
|
| 6 |
Shanghai
Siemens Mobile Telecommunications Co., Ltd. |
1,873.5
|
|
| 7 |
Nanjing
Ericsson Panda Telecommunications Co., Ltd. |
1,626.5
|
|
| 8 |
Guangdong
Yida Textile Co., Ltd |
1,485.5
|
|
| 9 |
Dalian
West Pacific PetroChemical Co., Ltd. |
1,397.6
|
|
| 10 |
Shanghai
General Motors |
1,349.4
|
|
| SOURCE:
International Business Daily, September 10, 2002 |
|
|
The China
Business Review, Volume 29, Number 6, November-December 2002
Copyright 1997-2008 byThe China Business Review
All rights reserved.
Last Update: 01-Nov-2002
|