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Ping'An Faces RMB15.7 bn Write Down China's second largest insurance company Ping An has been reportedly hit to the tune of RMB15.7 bn after the collapse of Belgian-Dutch bank Fortis. "The exte
Wednesday, 08 October 2008

2. Currency Rates on 7 October, 2008
(Currency Rates/Chinese Exchange Rates)
Exchange Rate of RMB against major international currencies, as of 7 October, 2008 (no liability assumed).     American Dollar    0.14669 
Tuesday, 07 October 2008

...irst half year results for the two airlines saw Air China's year-on-year profit drop 1.4 per cent, to RMB1.24bn, while troubled China Eastern reported a loss of RMB212m for the same period. Rela...
Tuesday, 07 October 2008

4. Weekly China Statistics Update
(Statistics/ Statistics 2008)
...has been lowered for airlines in the Chinese mainland starting from October 1. Companies need to pay RMB7,750 per tonne, RMB570 or 6.8 per cent less than in the third quarter of this year, the Nati...
Friday, 03 October 2008

...ection was busier than all others – the Food Hall. Here, shoppers perused cans of Baked Beans (RMB10), Fairtrade Double Chocolate Chip Cookies (RMB48), Cornish Soft-Scoop Ice Cream (strategic...
Friday, 03 October 2008

6. Family Files Lawsuit Over Tainted Milk
(News/News October 2008)
...filed the lawsuit against Sanlu Group with support from Beijing-based law firm Deheng, and is seeking RMB150,000 in compensation for covering hospital fees, travel expenses, time off from work and o...
Thursday, 02 October 2008

7. Gemdale Partners With Credit Suisse
(News/News October 2008)
...g province, Trading Markets reports.   Gemdale is looking for foreign partners after its RMB8.5 bn seasoned equity offering plan was not approved by the China Securities Regulatory Com...
Wednesday, 01 October 2008

Nuclear Power Plant to Be Built in Wuhu A new RMB200m nuclear power plant will be build up in Wuhu, the provincial government of Anhui said in a statement. Four companies, Anhui Province Energy Grou
Tuesday, 30 September 2008

...40 per cent in recent months, a move that has resulted in a growing market share and a monthly loss of RMB50m, The Economic Observer reports. Chinese competitors, who see their existence in danger, ar...
Monday, 29 September 2008

...l markets of various types, promote stable and sound development of the capital markets, improve the RMB exchange rate regime and gradually make the RMB convertible under capital accounts.” ...
Sunday, 28 September 2008

11. Weekly China Statistics Update
(Statistics/ Statistics 2008)
...uying a home in the short term. - China's major industrial enterprises with at least annual sales RMB5m accounted for RMB1.87 tr in combined profits in the first eight months of this year, the Na...
Sunday, 28 September 2008

...rcing French carmaker PSA Peugeot Citroen has said it will triple its sourcing budget for China, to RMB8 bn, by 2010, state media quotes Armand Chen, Vice President of Peugeot Citroen China Busine...
Sunday, 28 September 2008

...rcing French carmaker PSA Peugeot Citroen has said it will triple its sourcing budget for China, to RMB8 bn, by 2010, state media quotes Armand Chen, Vice President of Peugeot Citroen China Busine...
Friday, 26 September 2008

..., the company's local General Manager Okuhara Nobumasa told local media. The drink is priced between RMB2.10 and RMB2.5 per 100 ml, almost twice as high as the price charged by local producers. ...
Thursday, 25 September 2008

15. Microsoft China Sells Office 2007 for USD30
(News/News September 2008)
Microsoft's Office 2007 software will be legally sold over the counter for RMB199 (USD30) during the Chinese October National Day holidays, Microsoft said in a statement today.   The ret
Thursday, 25 September 2008

... On and Lafarge Team Up Hong Kong-listed Shui On Construction and Materials Ltd (SOCAM) announced a RMB6 bn joint venture with French cement maker Lafarge. The new company will start next next yea...
Sunday, 21 September 2008

17. Weekly China Statistics Update
(Statistics/ Statistics 2008)
...gest investor, with USD290.8 bn. - Shanghai's real estate developers are reducing prices by up to RMB5,000 per square metre in certain downtown areas. The average residential property price in th...
Sunday, 21 September 2008

...i On and Lafarge Team Up Hong Kong-listed Shui On Construction and Materials Ltd (SOCAM) announced a RMB6 bn joint venture with French cement maker Lafarge. The new company will start next next year...
Saturday, 20 September 2008

19. Coca-Cola's Huiyuan Takeover Uncertain
(News/News September 2008)
...the divisions to different domestic companies. Another plan proposes to buy the company with an RMB-denominated fund financed by domestic companies. A third option would allow Coca-Cola to bu...
Tuesday, 16 September 2008

ZTE Invests RMB6 bn in Xi'an China's largest public telecommunication equipment maker ZTE said it will pledge RMB6 bn to build a new facility in Xi'an to produce and research next-generation mobil
Sunday, 14 September 2008

21. Weekly China Statistics Update
(Statistics/ Statistics 2008)
... 23.2 per cent in August, the National Bureau of Statistics announced. The August retail sales totaled RMB876.8 bn. - China's industrial output in August grew 12.8 per cent. The slowest pace in 1...
Sunday, 14 September 2008

Chinalco Invests in Heilongjiang The Aluminium Corporation of China (Chinalco) said it will invest RMB5 bn in a new aluminium alloys plant in Heilongjiang province, Trading Markets reports. Construc
Saturday, 13 September 2008

... runways and 108 gates and serve 38 million passengers by 2020. The airport costs are projected at RMB23.1 bn and will be ready in 2010. The airport will be a major gateway for Southeast Asian c...
Friday, 12 September 2008

ZTE Invests RMB6 bn in Xi'an China's largest public telecommunication equipment maker ZTE said it will pledge RMB6 bn to build a new facility in Xi'an to produce and research next-generation mobile
Friday, 12 September 2008

...s. China Eastern's shares have dipped considerably in recent months, and the carrier reported an RMB212.5m loss in the first half of the year. Its shares rallied 4.6 per cent in Shanghai on Wed...
Thursday, 11 September 2008

... to the Chinese market in late September, the company said in a statement. The SUV will be priced at RMB324,900, well above Chevrolet's best-selling SUV Captiva, which sells for between RMB240,000 ...
Wednesday, 10 September 2008

...own in recent last months due to the decline in trade, visa issuing restrictions and the appreciating RMB. ...
Tuesday, 09 September 2008

28. China to Scrutinise Coca-Cola Deal
(News/News September 2008)
... media that the deal must be reviewed because the "firms' combined global turnover was more than RMB10 bn in 2007 and each made over RMB400m in China." Figures from Merrill Lynch show the ...
Tuesday, 09 September 2008

...in the first half of 2008, according to a report by CCID Consulting. China's MP3 player sales totalled RMB1.223 bn from January to June. CCID says the MP3 markets in China's largest cities are close t...
Monday, 08 September 2008

30. Weekly China Statistics Update
(Statistics/ Statistics 2008)
...bo fifth placed. Forbes China short-listed 194 mainland cities from over 650 with an annual GDP above RMB19 bn in 2006. - China faces a double-digit decline in foreign sales of high energy co...
Sunday, 07 September 2008

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