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...xpedition 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 first in...
Saturday, 10 January 2009

...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-based f...
Saturday, 10 January 2009

...eeps BoCom Stake HSBC has said it will not cut its stake in China's Bank of Communications, Reuters reports. "Despite the lock-up period for HSBC's investment in BoCom expiring in August 2008...
Saturday, 10 January 2009

...tly, 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 reveals...
Friday, 09 January 2009

...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 of group...
Friday, 09 January 2009

...und to setup and fund "electricity and relevant industries" in Africa, Bloomberg writes. New reports show that the continent needs up to USD300 bn over the next 20 years to build the necessa...
Thursday, 08 January 2009

7. Lenovo Cuts 2,500 Jobs
(News/News January 2009)
... 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 Greater China ...
Thursday, 08 January 2009

...e Bank of America has sold 5.62 billion shares - worth USD2.8 bn - in China Construction Bank, Reuters reports. Investors say the U.S. bank could sell more of its investment in the Chinese bank to fun...
Thursday, 08 January 2009

...st 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 markets, Ch...
Thursday, 08 January 2009

10. Subaru in China SUV Recall
(News/News January 2009)
... 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 reason. ...
Wednesday, 07 January 2009

... General Motors has said its China sales grew 6.1 per cent, to 1.09 million vehicles, in 2008, Reuters reports. This is considerably less than the 18.5 per cent growth the U.S. carmaker reported in 20...
Wednesday, 07 January 2009

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

...esting 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 more simil...
Tuesday, 06 January 2009

...dan 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 annual produ...
Monday, 05 January 2009

15. Chinese Firms Plan Major Solar Project
(News/News January 2009)
...New Energy Group said they will start building a 30MW solar power station in Qinghai province, Reuters reports.   The project, located in the Qaidam Basin, will combine thin-film and tr...
Monday, 05 January 2009

...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 that Shang...
Monday, 05 January 2009

...er Lenovo Group is planning to dismiss 200 employees at its headquarters in Beijing, Caijing magazine reports. On 8 January, the company is reportedly expected to announce a restructuring plan that ...
Monday, 05 January 2009

...to announce" a merger with SG Fafalen, a Swiss law firm based in Hong Kong, The Financial Times reports. With this move, the Chinese firm hopes to access the Russian market, as the Swiss firm ...
Sunday, 04 January 2009

...ine-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 fund has ...
Sunday, 04 January 2009

...sport, is encouraging countries to close their markets to sales of Chinese trains, The Financial Times reports.   Chinese companies are exporting trains that were built with “forei...
Saturday, 03 January 2009

... “more gloomy about the prospects for 2009 than anyone else in the world,” Trading Markets reports. According to a worldwide survey by TNS and Gallup International, 67 per cent of the over...
Saturday, 03 January 2009

22. LG Mobile Invests RMB1 Bn in China
(News/News January 2009)
...B1 bn in China for boosting marketing and building sales channels, Chinese business news website Hexun reports.   The telecoms service provider will launch 60 mobile phone models in Chi...
Friday, 02 January 2009

23. Biz China Update Wishes A Happy 2009
(News/News January 2009)
...eekly e-update commentary next week. In the meantime, we would like to introduce our three new monthly reports.   - Our Foreign Company Monthly Report updates readers on the developments...
Friday, 02 January 2009

24. UBS Sells Bank Of China Stake
(News/News January 2009)
...3.4 billion H-shares to investors has left the bank with a profit of approximately USD400m, Bloomberg reports. The Swiss bought a 1.6 per cent stake of BoC in 2005 for USD500m. ...
Thursday, 01 January 2009

...t to announce" a merger with SG Fafalen, a Swiss law firm based in Hong Kong, The Financial Times reports. With this move, the Chinese firm hopes to access the Russian market, as the Swiss firm m...
Thursday, 01 January 2009

...donations raised SID37m (USD25.74) for victims of the 12 May earthquake, Singapore's The Straits Times reports. The funds were handed over to the Chinese Embassy in Singapore on Monday. The largest si...
Thursday, 01 January 2009

... million students are out of a job, and 6.5 million more will graduate in about six months time. Exports have decreased for the first time in seven years (-2.2 per cent). But, at the same time,...
Wednesday, 31 December 2008

28. January & February Listings of Trade Shows in China
(Calendar & Archive Events/Events and Tradeshows 2008)
...ibition Centre (CIEC) 19.02 - 21.02 2009 ISPO CHINA International Tradeshow for Sports, Fashion and Lifestyle Brands in Asia once a year Beijing > China ...
Wednesday, 31 December 2008

29. Foreign Banks Ask For Tax Delay
(News/News December 2008)
...of 1 January on interest payments on all loans to banks in China from overseas lenders," Reuters reports. A group of foreign banks, including HSBC, Standard Chartered and Bank of East Asia, hav...
Wednesday, 31 December 2008

30. Wuhan Opens First Yangtze Tunnel
(News/News December 2008)
... 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 use the t...
Wednesday, 31 December 2008

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