Chinese pe fund for asean under way

China’s private equity (PE) fund of $10 billion for Southeast Asian countries has completed its first round of fundraising worth $1 billion and it expects its maiden project in infrastructure to take place by the end of this year.

“The fund’s preparatory work has been done and we have already started looking at a batch of projects mainly in infrastructure and joint economic projects between China and members of the Association of Southeast Asian Nations (ASEAN),” said Zhu Hongjie, vice-president of the Export-Import Bank of China (Exim Bank), at a forum on the sidelines of the seventh China-ASEAN Business & Investment Summit.

Exim Bank and the nation’s sovereign-wealth fund, China Investment Bank, jointly launched in April 2009 the government-backed PE fund, in which each party invested $300 million. The policy bank owns 52 percent of the fund management joint venture.

Zhu expects the fund’s first project in infrastructure, which is among the key investment areas for the fund, to materialize before the end of 2010.

The fund is set to provide $50 million to $150 million of capital per project and only acts as the equity or quasi-equity investor, said Lu Yueping, deputy general manager of Exim Bank’s special financing department.

The first $1 billion-fund, which was collected from major institutional investors, completed its fundraising and started operations as early as this March, Lu said.

ASEAN’s infrastructure investment market has gradually opened up and provided abundant opportunities for Chinese investors. It will help boost economic integration between China and the region, said Wang Shengwen, deputy director-general of the department of outward investment and economic cooperation under China’s Ministry of Commerce.

The sales volume of Chinese firms’ overseas contracting projects that involved communications, railways and harbor construction in ASEAN countries in the first seven months of 2010 was up 23 percent to $6.4 billion from the previous year, Wang said.

Lu said the fund also targets projects in the energy and natural resources sectors, as China’s demand for these remains large with the nation on track for rapid growth.

“We will start the second phase of fundraising when 70 percent of the first phase is used up We welcome institutions from other countries to join in the raising of these funds,” said Lu, who refused to disclose the size of the second round of funding and when it will take place.

China and ASEAN have deepened their economic ties after their free trade agreement took effect in January.

Bilateral trade jumped to $211.3 billion in the first three quarters, up 44 percent from a year earlier.

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Sez As A Major Source Of Economic Growth In India

Social Economic Zone widely known as SEZ has become a chief medium of economic development for India. The SEZ in India is not only objective for an economic growth but also to provide highly developed infrastructure with a superior financial package. Today SEZ have become a big centre of attraction for not only domestic but also for the foreign investment. SEZ in India increased its function from 1st November 2000 to 9th February, 2006, under provision of Foreign Trade Policy. SEZ in India is offered with a limitation or particular need of land that would be around 67680 hectors, which further divides into two specifications or area’s:

1) Processing Area – here SEZ units comes up.
2) Non Processing Area – here supporting infrastructure is formed for the SEZ unit.

What actually interests the investors or the purchasers would be the aim or an idea behind the SEZ and to understand that we can refer to the Social Economic Zone Act, 2005, passed by the parliament on 23rd June 2005.

The main goals are listed below:
Generating of additional economic revenue
Promoting export of goods & services
Promotion of investment from domestic and foreign resources
Generating the employment
Development of infrastructure amenities

With these simplified goals becomes common to receive numerous application for the SEZ needed area. It would be interesting to know that there were 531 formal applications received by the government till date to which there has been approval granted to 174 applications only.

Social Economic Zones in India follows certain easy rules which are listed below:
A simple process to develop, maintain and operate the SEZ in India and for setting the unit and performing business in the SEZ in India.
To follow a single clearance window to set up SEZ in India
Clearance window for the State Government and Central Government
Simplified compliance process and documentation laying more of the emphases of self certifications

With entire processes it becomes equally essential that we are aware about the merits of the SEZ in India.

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How To Restrain Overheated Economic Situation

How to restrain overheated economic situation
LineThrough the rapid development of 2010-2011, China impact crusher at last has been stroke by the spread of European economic downturn crisis, in 2012 the sales situation is not optimistic. Whether impact crusher of China could look for other ways out of the sales plight, let’s wait to see in the coming 2012.

Within a period, it always shows high-rapid economic development and the high price index. According to the definition of economics, the actual growth rate exceeds the potential growth rate called the economy from overheating, and its basic features of the economic elements of aggregate demand to exceed the total supply, which led that the comprehensive price index continues to rise. Economic overheating staged in the Chinese classical style in the early 1990s. Look, quartz is inorganic mineral, whose main components are silicon dioxide, and often a few of impurity ingredients such as aluminium sesquioxide, magnesium oxide and calcium oxide etc, appearing to be translucent or opaque crystal, generally ivory and hard. Quartz is a kind of mineral resource with stable physical characters and chemical properties, crystal belongs to oxide minerals of three party crystal system , namely the lower temperature quartz (a-quartz), is the widest-spread mineral kind in mineral group.

Overheated economy can be divided into “consumer-driven overheated economy” and “investment-driven overheated economic”. The overheated economy due to strong consumption of people is called consumer-driven economic overheating; “investment-driven economic overheating”, that is” excessive investment “, which contains two aspects of meaning:

First, after the completion of the investment projects, the products are not expected in the market demand, so product accumulated, the funds could not be recovered, resulting in a serious waste of the means of production. At this level, the “over” refers to the excessive demand for investment relative to the market.

Green technology is a technical system capable of reducing pollution and consumption, improving the ecology. This dynamic system is consisted of the relative knowledge, capacity and material means, all of which means that the corresponding knowledge, capacity and material of environmental protection and ecological transformation, are only the elements of green technology , and only if three of which work together, interact each other, green technology would constituted really. Environmental protection and ecological knowledge are two indispensable elements of green technology, technical innovation depends on them.

At present, sales situation of impact crusher in China is fairly fine, although economic downturn in European has brought certain negative effects on us, there is an upside. Economic downturn, European countries will come up with large sums of money to stimulate investment, there must also be conducive to China’s impact crusher sales.

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Advantages And Disadvantages Of Government Grants

Government grants are means to realize a project that is sure to benefit a lot of people, especially the public sectors. People or organizations, particularly those who have no means of generating the budget for a certain project designed for the welfare of the public, normally apply for a government grant. These grants are not easy to acquire, and this is one fact you need to know if you have plans of applying for one. You have to go through a lot of processes for your application to be considered and granted.

Government grants are designed to help create ideas that can be of great help for the government’s visions and missions. But there are a few good things you need to know with regards to government grants. There are advantages and disadvantages of applying for a government grant, and the following are some of them.

Among the advantages of government grants is that you will be provided of the necessary budget for the completion of the project. Depending on how much you need, the government can provide you to as much as billions of dollars for the project. Another advantage you can get is the distinction of being an awarded of a government grant. This can provide you with additional credibility, as well as public exposure you or your organization needs.

While these advantages are really great, you must know that government grants also have a few disadvantages. One disadvantage is the fact that applying for a grant from the government requires patience and a lot of hard work on your side. There is a lot of planning and research to perform during the application process. Another disadvantage is that since the government is ready to spend billions of dollars for these grants, more and more people and organizations are encouraged to apply for these grants, which means more and more competitors for your endeavors.

Despite all these, you must not waver if you are truly convinced that your idea or project has the potential to be a vital role in the progress of the place you are living in.