Tear down the wall. by Barbie Kunkelova

China is officially opening up to the world, to the West. Lucrative market, all ready for new Western investors! Or maybe as Beyonce's songwriters Ne-Yo, Mikkel, Tor and Amund would put it: To the left, to the left, everything you own in the box to the left. Companies from allover the world are interested into what is happening currently in China and vice versa. And the fact is growing stronger day by day. That is because China's economy is becoming the world's third-largest as well as capitalist instead of communist one. And because Chinese finance officials are interested in what the foreign perspectives are, in what the finance officials from Europe and US have to say. That wasn't necessarily true before. While the meetings included signs of interest from China's site, today the opposite is taking place & Chinese officials are trying to empathize and upgrade. This new attitude sparks debates about new views China was lacking before. If China will start applying the foreign direct investment abroad, more and more companies will stream back in and widen the market. China's online market has opened few years ago. According to BBC News, the removal of the barriers to Western companies' trading will allow big e-tailers like Amazon to establish a local presence. A year ago, China has blocked and censored search engines such as Google or AltaVista. The Chinese gas door to the world opened only this September & the local gas companies are now allowed to sign contracts and interact with foreign companies and to invest abroad. This move was done in order to channel funds into China's gas industry. The country's president, Hu Jintao said he is concerned about bridging the gap between the rich and the poor in China. This can be considered a huge progress since there has never been such a public announcement from Chinese government before.

related story: http://uk.news.yahoo.com/itn/20071015/twl-china-s-communists-open-doors-to-the-41f21e0_1.html

by Barbie Kunkelova for PocketNews (http://pocketnews.tv)

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Edited by Iveta Nagyova