And more and more, China local companies will come up in the next five to ten years.
The fund also holds China local currency bonds as well, but those are not easily accessible to the mainstream public.
"They're produced primarily for the China local market, which is nothing wrong because the market is so big, but with that in mind it sort of undermines the (appeal to the) rest of Asia, " Lim said.
However, Wal-Mart is having some troubles in China with its local strategies (Read: Wal-Mart Struggles With Local Strategy In China).
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Around 1, 000 dead ducks have been pulled from a river in southwest China, local officials say.
And reports are circulating in China about local investors buying 50, 000 hectares of farmland in Argentina, and considering other investments in Argentina and Brazil.
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Supercomputers are largely seen in China as local economic-development tools.
In 2010 alone, China's local governments raised 2.9 trillion yuan from land sales.
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With the continued growth of the China market, local companies will get bigger.
President sells most of what it makes in China in the local market.
Is it possible that China's local carmakers have grown so quickly that they have not developed the necessary depth of skills?
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China's local authorities are barred from borrowing directly and use such vehicles, backed by state banks, to fund welfare and public-works projects.
In China specifically, local authorities even went as far as to warn operators to clean up security weaknesses in their mobile app stores.
According to a study published by Minister of Agriculture of China in 2003, there are about 100 chicken breeds in China: 95 local and 5 imported breeds.
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Until recently, there was no national minimum wage in China, and local minimum wages were typically below the prevailing market wage so as not to destroy jobs and growth.
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After DMG signed on, the setting was moved to China, a local actress joined the cast and scenes were shot in Shanghai, though not all made the final cut.
For those expats at the Guangzhou event swimming against the rising tide of competition, employing a number of techniques is necessary to make it in China -- local connections being one of the most useful.
After DMG signed on the setting was moved to China, a local actress joined the cast and scenes were shot in Shanghai, though not all made the final cut. (Chinese audiences saw a longer version.) In China Looper opened Sept. 28 on 3, 000 screens, the same day as in North American theaters.
While the trend in China is increasingly toward local entrepreneurs funded by local venture investors, Deng says that about 70 percent of the startups in China are founded by Silicon Valley returnees with western education and degrees.
Recently, China has been using local content rules to help build its clean energy sector.
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Unfortunately, the days of achieving a market position in China by acquiring a local player are long gone.
When Google quit China, it left local search market to rival Baidu.
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However, judging by what businesses on the ground in China are telling the local press, the yuan is slowly becoming an even bigger culprit.
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Apparently, Home Depot made the same mistake as some other companies that entered China without understanding the local market, which is often dramatically different from their home market.
The opportunity to acquire healthy local competitors was taken off the table by China several years ago, and well-heeled local companies and entrepreneurs are ready to pounce on any troubled companies in an attractive industry such as construction equipment and preserve their independence.
Regardless, foreign banks are but a speck compared to China-based banks in local operations.
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Heinz is also present in China through Foodstar, a local company it acquired in 2010.
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Japanese banks, and local banks in China and Brazil, are also moving to fill gaps.
Between them, China's central and local governments own over 100, 000 companies and implicitly favour many more.
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