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1. Hong Kong Losing 1,000 Jobs A Week
(News/News December 2008)
A new survey claims that Hong Kong is losing nearly 1,000 jobs a week in what is perceived as the biggest economic downturn since the SARS crisis in 2003.   The survey, carried out by th
Wednesday, 03 December 2008

...D2 bn in the construction of the Toromocho copper mine in Peru, Trading Markets reports. The investment is financed by the Export-Import Bank of China. The Toromocho copper mine has an estimated reser...
Monday, 01 December 2008

3. Bank Of China Enters Switzerland
(News/News December 2008)
The Bank of China said it enters Switzerland with a private banking and an asset management unit.   The private banking entity is called Bank of China (Suisse) SA and will offer "t
Monday, 01 December 2008

4. Weekly China Statistics Update
(Statistics/ Statistics 2008)
- Inflation is expected to fall "below 4 per cent in November and December," state media quotes Yao Jingyuan, Chief Economist at the National Bureau of Statistics. A report by the Bank of
Sunday, 30 November 2008

Online Ad Spending Predicted to Rise 40 Per Cent Online advertising spending in China is projected to grow by between 30 and 40 per cent in 2009, according to a report by market research company CR-
Saturday, 29 November 2008

... enrolment through campus expansion and acquisitions of other private vocational schools. The USD50m are financed through Carlyle's Asia Growth Partners Group.   Cathay Pacific Canc...
Saturday, 29 November 2008

... plans to invest USD1 bn in an aluminium plant in southwest Guyana, AP reports. The Chinese company will finance 30 per cent of the deal, and hope to raise the remaining USD700m with help from Chin...
Saturday, 29 November 2008

Bank of China opens Brazil Office The Bank of China is opening its first branch in Brazil in March 2009. This will be the first office in a Latin American country, state media quote General Manage
Saturday, 29 November 2008

...st enrolment through campus expansion and acquisitions of other private vocational schools. The USD50m are financed through Carlyle's Asia Growth Partners Group.   Gome-Founder Involved ...
Friday, 28 November 2008

Bank of Beijing Opens HK Office The Bank of Beijing has opened its first office in Hong Kong, state media reports. The new branch will "help boost the economic and trade cooperation between Bei
Thursday, 27 November 2008

...e, plans to invest USD1 bn in an aluminium plant in southwest Guyana, AP reports. The Chinese company will finance 30 per cent of the deal, and hope to raise the remaining USD700m with help from Chine...
Thursday, 27 November 2008

...m, the contract tax will be halved, from three per cent to 1.5 per cent. Last month, the Ministry of Finance also cut the contract tax rate for apartments smaller than 90 sq m, from three per c...
Tuesday, 25 November 2008

ADB Co-finances Lanzhou-Chongqing Rail Link The Asian Development Bank has pledged a USD300m loan for the proposed 820km rail link connecting Gansu province's capital Lanzhou with Chongqing, Interna
Tuesday, 25 November 2008

SMEs Offered RMB3 Bn Fund China's so-called 'stimulus' spending continues. An RMB3 bn venture investment fund is being launched to help Chinese small and middle-sized enterprises to raise capital, s
Tuesday, 25 November 2008

...lion stimulus package that was announced by the central government two weeks ago. Beijing has said it will finance RMB1.2 trillion of the package, and leave the remainder of the RMB2.8 trillion to the...
Monday, 24 November 2008

Everbright Invests in U.S. Store Chain Everbright Development Overseas Ltd. is investing USD30m in American department store chain Gottschalks. In return, the Chinese company will receive 40 million
Monday, 24 November 2008

Carrefour Plans 10 South China Stores Carrefour China plans to open up to ten new stores in South China cities, including Guangzhou and Shenzhen, in 2009. At present, the French supermarket chain
Sunday, 23 November 2008

18. Weekly China Statistics Update
(Statistics/ Statistics 2008)
...tch of book-entry treasury bonds" valued at RMB22.5 bn in the last week of November, the Ministry of Finance said on Friday. The seven year bonds have a fixed annual yield of 2.71 per cent. ...
Saturday, 22 November 2008

China Is U.S. Largest Debtor As of September, China is holding U.S. Treasury bills, notes and bonds worth USD585bn, which makes it the largest debtor of the United States, The Financial Times repo
Thursday, 20 November 2008

20. Layoffs Need Approval, BoA Buys CCB Shares
(News/News November 2008)
Companies Need Approval For Layoffs Companies in Shandong and Hubei province need governmental approval for mass layoffs. In Shandong, where reportedly the number of jobless people rose by 680,000
Wednesday, 19 November 2008

Kerry Opens China-Bangkok Road Freight Route Kerry Asia Road Transport (KART), a Thailand-based of Kerry Logistics, is launching a new overland freight service between Kunming in China and Bangkok,
Tuesday, 18 November 2008

22. "Don't See China As A Threat"
(News/News November 2008)
China's overseas expansion should not be seen as a threat, said Jin Liqun, Chairman of the Supervisory Board of the China Investment Corporation.   Jin made this remarks during a panel d
Tuesday, 18 November 2008

23. Macau Announces Stimulus Package
(News/News November 2008)
Following mainland China’s lead, the Special Administrative Region of Macau has announced a stimulus package aimed at boosting the economy.   Macau's Chief Executive Edmond Ho has
Monday, 17 November 2008

...r cent in October, a fall blamed on tax cuts and slowing corporate profits, according to the Ministry of Finance. China's fiscal revenue totaled RMB532.9 bn in October, and the total figure for the...
Monday, 17 November 2008

Small-Credit Lender Opens in Shanghai Shanghai Baoshan Baolian, the city's first small-credit lender, opened its doors on Saturday issuing loans to small enterprises, state media reports. The first
Monday, 17 November 2008

See how fast the world can change. After a short period hiding in the midfield of the world’s press, China launched a financial counterstrike last Sunday. And what a media goal it scored. The he
Sunday, 16 November 2008

27. Weekly China Statistics Update
(Statistics/ Statistics 2008)
- National property investment totaled RMB2.39 trillion in the first 10 months of 2008, state media reports. This is an increase of 24.6 percent year-on-year. The growth rate decreased 1.9 per cent
Sunday, 16 November 2008

China has agreed to loosen restrictions on foreign news and information providers in the country, according to several news wires reports. The new agreement will allow international news companies to
Saturday, 15 November 2008

China Issues New Treasury Bonds China's Ministry of Finance has launch 2008's twenty-first batch of book-entry treasury bonds, with a total value of RMB24 bn. The ministry said the issue would last
Saturday, 15 November 2008

30. GM "Very Profitable" In China
(News/News November 2008)
...C and regional company Wuling. In the United States, CEO Rick Wagoner urged the government to help refinance the company. The automaker is reportedly in need of some USD11 bn in financial suppor...
Friday, 14 November 2008

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