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...xi Guiguan Electric Power Co received a RMB30m state handout to cover losses from the earthquake in Sichuan. In an earlier statement, Beijing said it has approved RMB54.78 bn "in aid to state-own...
Saturday, 10 January 2009

...unemployment in 2008, a government official has said.   Guangdong Province Vice Governor Huang Yunlong said the financial crisis has caused Guangdong to experience "the most diffic...
Friday, 09 January 2009

3. Currency Rates on 8 January, 2009
(Currency Rates/Chinese Exchange Rates)
...Libyan Dinar    0.28273   3.53695    Lithuanian Litas    0.370997   2.69544   &...
Thursday, 08 January 2009

Huawei's Sales Up 46 Per Cent China's largest telecom equipment maker Huawei Technologies increased 46 per cent year-on-year in 2008, state media reports. Contracted sales stood at USD23.3 bn of whi
Thursday, 08 January 2009

...ves on Trial Four executives of the dairy company Sanlu Group went on trial on Wednesday in Shijiazhuang, capital of Hebei province. The Shijiazhuang Intermediate People's Court accused Tian Wenh...
Sunday, 04 January 2009

Singaporeans Donate USD25.74m to Sichuan Earthquake Corporate and individual donations raised SID37m (USD25.74) for victims of the 12 May earthquake, Singapore's The Straits Times reports. The funds
Thursday, 01 January 2009

7. Wuhan Opens First Yangtze Tunnel
(News/News December 2008)
...u, the central business centre – from 30 minutes to seven minutes, state media reports. Xinhua adds that, “around 50,000 vehicles” should be able to use the tunnel – whi...
Wednesday, 31 December 2008

8. 2008: The Year That Did Not Go To Plan
(News/News December 2008)
...anti-France sentiment in China, with a national boycott of French retail outlets. In May, the Sichuan earthquakes caused widespread destruction and the death of around 80,000 people. China ente...
Sunday, 28 December 2008

...panies closed down in Guangdong province during October due to slowing exports, Bloomberg quotes a Xinhua News report. In the first 10 months of 2008, 15,661 firms went out of business after export...
Sunday, 28 December 2008

Shijiazhuang-based Sanlu, the initial source of the melamine contaminated milk scandal that hospitalised 52,000 children and sickened another 294,000, is set to be declared bankrupt.   A
Friday, 26 December 2008

...mpanies closed down in Guangdong province during October due to slowing exports, Bloomberg quotes a Xinhua News report. In the first 10 months of 2008, 15,661 firms went out of business after exports ...
Monday, 22 December 2008

... "The increasing number of tall buildings are making the lake look smaller," said Wang Chuanye, a Peking University architecture professor quoted by China Daily. Among the building...
Monday, 15 December 2008

...hase of electric appliances with a 13 per cent rebate. People in certain areas of Shandong, Henan, Sichuan, Inner Mongolia, Liaoning and Heilongjiang provinces, plus Chongqing and Qingdao (home to ...
Sunday, 07 December 2008

...e prepared for the "worst case scenario", state media quotes Central Bank Governor Zhou Xiaochuan as he singles out the U.S. consumption decline and over-reliance on debt as key reasons for ...
Friday, 05 December 2008

15. China Target 8 Per Cent 2009 Growth
(News/News December 2008)
...de how to “secure growth of at least eight per cent in 2009,” according to state media. Xinhua adds that the aim is to “outpace the World Bank's more pessimistic [7.5 per cent] forec...
Thursday, 04 December 2008

...chase of electric appliances with a 13 per cent rebate. People in certain areas of Shandong, Henan, Sichuan, Inner Mongolia, Liaoning and Heilongjiang provinces, plus Chongqing and Qingdao (home to tw...
Wednesday, 03 December 2008

...y line will cost USD8.6 bn. Half of the investment will be financed by the provinces of Gansu and Sichuan and the Municipality of Chongqing. The rail link will pass through Shaanxi and Sichuan prov...
Saturday, 29 November 2008

Gome-Founder Involved In "Economic Crimes" Huang Guangyu, founder and chairman of home electronics retailer Gome, is under investigation for involvement in "economic crimes", th
Saturday, 29 November 2008

...his will be the first office in a Latin American country, state media quote General Manager Zhang Jianhua  as saying. The Bank of China is one of the four large state-owned commercial banks in ...
Saturday, 29 November 2008

...e's Asia Growth Partners Group.   Gome-Founder Involved In "Economic Crimes" Huang Guangyu, founder and chairman of home electronics retailer Gome, is under investigation fo...
Friday, 28 November 2008

The founder and chairman of home electronics retail giant Gome, Huang Guangyu, is allegedly under arrest, several Chinese newspapers report. The company said it is making "necessary inquiries&quo
Wednesday, 26 November 2008

...way line will cost USD8.6 bn. Half of the investment will be financed by the provinces of Gansu and Sichuan and the Municipality of Chongqing. The rail link will pass through Shaanxi and Sichuan provi...
Tuesday, 25 November 2008

23. China Subsidises Purchase of Foreign Brands
(News/News November 2008)
...electric appliances to support rural residents in several provinces. Households in Shandong, Henan, Sichuan, Inner Mongolia, Liaoning, Heilongjiang, Hubei and Shaanxi provinces are eligible to buy app...
Monday, 24 November 2008

...Shanghai's Bund InterContinental Hotels Group has announced the signing of a deal with the Shanghai Huangpu River Banks Asset Management Co. for its first lifestyle-branded Hotel Indigo in the reg...
Sunday, 23 November 2008

... Shanghai's Bund InterContinental Hotels Group has announced the signing of a deal with the Shanghai Huangpu River Banks Asset Management Co. for its first lifestyle-branded Hotel Indigo in the regi...
Friday, 21 November 2008

...na and to use and sell financial data without being required to obtain a license from the state-run Xinhua news agency.   In March, the United States and the European Union had filed a c...
Saturday, 15 November 2008

... discovered that the contract was over inflated," Reuters quoted a governmental official. Huadian Invests in Ports & Power The Huadian Corp, one of China's largest power companies, ...
Sunday, 09 November 2008

Huadian Invests in Ports & Power The Huadian Corp, one of China's largest power companies, has announced plans to invest USD7.3 bn in ports, power plants and coal-to-chemicals projects, AP repor
Thursday, 06 November 2008

...ortedly the largest African country that still operates a monopoly in the wireless sector. Shenhua's Profits Up China's largest coal producer, Shenhua Energy Co., said its third quarter net...
Sunday, 02 November 2008

...from Anhui province make up one third of the immigrant population, followed by people from Jiangsu, Sichuan, Zhejiang and Jiangxi. Immigration rose sharply from 1.06 million in 1990 to 6.6 million in ...
Saturday, 01 November 2008

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