Agreement with China's CEInet provides Unprecedented Data on China's 31 Regions
Waltham, MA, 3 May 2006 - Global Insight, the world's leading company for economic and financial analysis and forecasting, announced today it has launched the world's first forecasting and analysis covering China's 31 individual regions in-depth. With the recently completed data licensing agreement with China Economic Information Network (CEInet), China's leading economic data provider with close relationships with government sources, Global Insight's China Regional Service has the deepest and broadest regional databanks available from any source.
The dramatic rise in foreign direct investment in China is expected to continue into the foreseeable future, easily eclipsing $80 billion by 2012. Understanding the national Chinese economy provides only part of the picture, as the socio-economic, regulatory conditions and business prospects of China's 31 regions vary greatly. In order to effectively evaluate risks and business opportunities in China, organizations need to have a comprehensive understanding of developments at the regional level. Under the data licensing agreement, CEInet will provide Global Insight with data collected from CEInet's network of local affiliates throughout China that track key economic indicators, which covers in-depth data on China's major industries, by four provincial administrative level municipalities, five autonomous regions, and 22 provinces.
Global Insight's China experts are located in its offices in Beijing, Shanghai, London, and the United States. Through a close working relationship with CEInet and access to its in-depth regional data, Global Insight's experts have a deep capacity to understand and forecast the key Chinese regional economic indicators and their impacts on the world's economies.
Global Insight's new China Regional Service is in a unique position to assess the business climate in China's 31 regional economies, providing Same-Day Analysis of key economic, political, and regulatory developments, individual provincial risk ratings, and quarterly regional forecasts and analysis. Profiles on each region include economic conditions, investment climate, operational issues, infrastructure, and politics and security.
"This is just the first step of a major initiative by Global Insight to provide our clients with the best economic research and analysis on China," said Todd Lee, managing director of Global Insight's Greater China Service. With China's regions being so varied, we want to help our clients understand changes in the markets within China and the impact of these changes on the world's economies and industries, "he added.