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...arctic expedition team arrived at Antarctica's Dome Argus zone following a 20-day, 1,250 km march, state media reports.   The team is headed for the forthcoming Kunlun Station, China's f...
Saturday, 10 January 2009

...Chinese furniture company Markor International has acquired U.S.-based Schnadig Inc. for USD8.94m, state media reports. The Chinese firm has reportedly obtained all the assets and debt of the Illinois...
Saturday, 10 January 2009

.... Currently, China holds an amount "below USD1.9 trillion of foreign exchange reserves," state media reports.   Chinese Less Concerned About Saving A new survey by MasterCard...
Friday, 09 January 2009

...ing may raise up to HKD4 billion by selling shares in China's third-largest lender, Bank of China, state media reports. Li's Magnitico Holdings will offload two billion BoC shares. Magnitico was part ...
Friday, 09 January 2009

5. Lenovo Cuts 2,500 Jobs
(News/News January 2009)
...uot;weak performance" and "potentially huge losses" in the fourth quarter of 2008, state media reports. Lenovo also said it will merge its Asia-Pacific operations with its Greate...
Thursday, 08 January 2009

...'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 which 75 per cent came from overseas mar...
Thursday, 08 January 2009

7. Subaru in China SUV Recall
(News/News January 2009)
...quot;may cause the vehicle to run unsteadily and even break away from its driver's control," state media reports. Subaru is recalling a total of 5,130 Tribeca SUVs worldwide for the same ...
Wednesday, 07 January 2009

... from the Chinese government to set up a securities joint venture with Shanxi Securities Co Ltd, state media reports. The German bank will hold one-third of the new company, which will be called Zh...
Wednesday, 07 January 2009

...could "violate public morality and harm the physical and mental health of young people," state media reports.   The Centre is cooperating with seven government agencies includi...
Tuesday, 06 January 2009

10. Fiscal Revenue Growth Drops in 2008
(News/News January 2009)
...al conference Monday. This figure represented a year-on-year increase of 19 per cent, according to state media. In 2007, fiscal revenues rose 32.4 per cent year on year.   The slowdown i...
Tuesday, 06 January 2009

...a is investing RMB100m to set up a cloud computing centre in Nanjing, capital of Jiangsu province, state media reports. Wang Tao, General Manager of Alibaba's software subsidiary Alisoft, said four mo...
Tuesday, 06 January 2009

...eel, Handan Iron and Steel and Chengde Xinin Vanadium and Titanium, have announced their merger, state media reports. The new company will be called Hebei Iron and Steel Group and will have an annu...
Monday, 05 January 2009

...he city of Shanghai received USD10 bn in foreign direct investment in the first 11 months of 2008, state media reports. In the entire year of 2007, FDI stood at USD7.92 bn. Official statistics show th...
Monday, 05 January 2009

...a business permit to start its investment banking joint venture with China's Founder Securities, state media reports. The JV will be allowed to underwrite shares and bonds. This comes at a time whe...
Sunday, 04 January 2009

...g melamine-contaminated milk products must pay a total of USD160m to victims and their families, state media reports.  A spokesperson of the China Dairy Industry Association confirmed that a f...
Sunday, 04 January 2009

...g melamine-contaminated milk products must pay a total of USD160m to victims and their families, state media reports.  A spokesperson of the China Dairy Industry Association confirmed that a f...
Thursday, 01 January 2009

...nlu Group went on trial on Wednesday in Shijiazhuang, capital of Hebei province. The Shijiazhuang Intermediate People's Court accused Tian Wenhua, Sanlu's former Chairwoman and General Manager and ...
Thursday, 01 January 2009

18. Wuhan Opens First Yangtze Tunnel
(News/News December 2008)
...ties are based, and Hankou, the central business centre – from 30 minutes to seven minutes, state media reports. Xinhua adds that, “around 50,000 vehicles” should be able to us...
Wednesday, 31 December 2008

...a business permit to start its investment banking joint venture with China's Founder Securities, state media reports. The JV will be allowed to underwrite shares and bonds. This comes at a time whe...
Wednesday, 31 December 2008

20. China "Investigates" EU Fasteners
(News/News December 2008)
...t;anti-dumping investigation into carbon steel fasteners imported from the European Union," state media reports.   The investigation is seen as a "response to the [EUs] propo...
Tuesday, 30 December 2008

...started a deep-water exploration project at the Qiewan natural gas field in the South China sea, state media reports. The Chinese cooperate with Canada-based Husky Energy and Norway's Seadrill Ltd....
Tuesday, 30 December 2008

...change lost close to 70 per cent of its value in 2008, "evaporating over RMB2 trillion", state media reports.   Insurers Increase Premium Income Chinese insurers generated pr...
Monday, 29 December 2008

23. 2008: The Year That Did Not Go To Plan
(News/News December 2008)
... in Tibet and in Tibetan communities within China drew a military response, and concerted international media coverage. Foreign visitors were banned, and independent overseas tourists are still not ...
Sunday, 28 December 2008

...erest Rate Again The Central Bank said it has cut the interest rates by 0.27 percentage points, state media reports. The bank lending rates will fall to 5.31 per cent and the one-year deposit rate...
Sunday, 28 December 2008

...tanding Debt Hits USD441 Bn China's outstanding foreign debt reached USD441.95 bn in September, state media reports. The figure represents an increase of 18.3 per cent compared to the level in Dec...
Saturday, 27 December 2008

26. China Trials RMB Foreign Trade Settlement
(News/News December 2008)
...ent programme will be tested in Guangdong province, the Yangtze River Delta, Hong Kong and Macau, state media reports. The RMB trial will also be implemented between Guangxi and Yunnan provinces an...
Thursday, 25 December 2008

27. Samsung Loses Patent Infringement Case
(News/News December 2008)
...ral million yuan for infringing the cell phone technology of a Chinese company.   The Intermediate People's Court in Hangzhou, capital of Zhejiang province, ruled that Samsung must pay ...
Thursday, 25 December 2008

...erest Rate Again The Central Bank said it has cut the interest rates by 0.27 percentage points, state media reports. The bank lending rates will fall to 5.31 per cent and the one-year deposit rate...
Tuesday, 23 December 2008

29. Winter Disrupts Transportation System
(News/News December 2008)
...eavy snow falls in several provinces in northern China caused delays at airports and closed roads, state media reports.   Highways in Shandong and Hebei provinces were shut down and ferr...
Tuesday, 23 December 2008

... considering cutting salaries and laying off workers in 2009 as a result of the economic downturn, state media reports.   More than 71 per cent of the polled car companies said they will...
Tuesday, 23 December 2008

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