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1. China May Grow Genetically Modified Crops
(News/News September 2008)
...ns to grow genetically modified (GM) corn and soybeans for the first time ever starting in 2009, Bloomberg reports. In contrast to several European countries, China already allows imports of GM crops....
Saturday, 06 September 2008

... are urged to "scrutinise the documents" submitted by foreign firms to ensure the new rules, AF reports. The new rules stipulate that foreign companies are no more allowed to invest hot m...
Saturday, 06 September 2008

... Singapore have concluded negotiations about a free trade agreement between the two countries, state media reports. The formal agreement will be signed in October and will cover investment, travel, cu...
Friday, 05 September 2008

...nsuccessful, has "corrected most of its errors unearthed in a recent government audit," Reuters reports. The National Audit Office discovered RMB9.1 bn in loans that CDB granted illegally....
Friday, 05 September 2008

...onstruction of two new production sites to tripe its annual production capacity, to 450,000 units, Reuters reports. The company will spend RMB1.41 bn for a  150,000-units plant in Zhengzhou, the ...
Thursday, 04 September 2008

...hina Huiyuan Coca-Cola Co. has offered HKD17.9 bn (USD2.3 bn) to buy China Huiyuan Juice Group, Reuters reports. The American soft-drinks maker is paying HKD12.20 per share in cash, which is almos...
Thursday, 04 September 2008

7. ICBC Buys RosEvroBank
(News/News September 2008)
... has reached an agreement with Russia's RosEvroGroup to buy the RosEvroBank for up to USD850m, state media reports.   Last week, Chinese and Russian officials of both banks denied that t...
Thursday, 04 September 2008

...p; HSBC Opens Chongqing Branch HSBC has opened its second rural bank, near Chongqing, state media reports. The Chongqing Dazu branch is fully owned by HSBC and has a registered capital of RM...
Thursday, 04 September 2008

...ter a construction company damaged archaeological relics that date back more than 3,000 years, state media reports.   The incident occurred close to Nanjing, capital of Jiangsu province,...
Wednesday, 03 September 2008

...and the current trial coverage for its 3G Mobile telecoms services to 28 more cities by June 2009, Forbes reports. So far, the company has TD-SCDMA networks, which is a home-grown standard for 3G se...
Wednesday, 03 September 2008

11. New Quake Rocks Sichuan Province
(News/News September 2008)
...'s earthquake measuring 6.1 on the Richter Scale has killed 38 people, and injured 400 people, state media reports.   The quake's epicentre was about 50km southeast of Panzhihua, Sichuan...
Monday, 01 September 2008

12. Mutual Funds Lost USD158 bn in Six Months
(News/News September 2008)
...8 bn (RMB1.08 trillion) in the first half of 2008, due to a "sluggish stock market," state media reports.   The 364 funds, managed by 59 companies, lost about 30 per cent of th...
Monday, 01 September 2008

...eportedly close to an agreement with Apple to sell the iPhone in China for a discounted price, unconfirmed reports suggest.   The Chinese company will rely on handset subsidies to bring ...
Sunday, 31 August 2008

14. Weekly China Statistics Update
(Statistics/ Statistics 2008)
...rs of the Olympic Games increased 49 per cent in the second quarter compared to Q1, to RMB9.1 bn, research reports by R3 and CSM show. - Per capita income in China's rural areas rose 10.3 per cen...
Sunday, 31 August 2008

...ium Corp. of China) have received approval for a RMB2.2 bn titanium joint venture in Harbin, state media reports. The plant is expected to be operational in 2010, and is slated to yield 15,000 tonn...
Sunday, 31 August 2008

...ens London Office Alibaba will open its first London office "in the near future," state media reports. The move by China's leading e-commerce company was initiated by Think London, the o...
Sunday, 31 August 2008

17. IKEA Heads to Nanjing
(News/News August 2008)
... Nanjing. The USD54m investment covers 60,000 square metres, including three complete homes, Nanjing Daily reports.   The store in Nanjing is the Swedish furniture maker's sixth in China...
Saturday, 30 August 2008

18. China Secures Iraqi Oil Deal
(News/News August 2008)
...nt with the Iraqi government that renews its deal of 1997 to pump oil from the Ahdab oil fields, Reuters reports. Investment for the project is expected to hit USD3 bn. The oilfield will produce 11...
Friday, 29 August 2008

...ent departments and affiliated units have "misused or embezzled RMB4.52 bn" in 2007, state media reports. Another RMB41.7 bn was "mismanaged," the National Audit Office said in a r...
Friday, 29 August 2008

20. Development Bank Closes on Dresdner Bank
(News/News August 2008)
...his week whether to sell Dresdner Bank to German-based Commerzbank or to China Development Bank, Bloomberg reports.   As reported in early August, China Development Bank has conducted du...
Thursday, 28 August 2008

... Honghe Group would create a major global cigarette producer, with combined revenues of RMB45 bn, Reuters reports.   Serving 360 million smokers in China (or roughly one-third of the wo...
Thursday, 28 August 2008

22. Huawei in India Staffing Controversy
(News/News August 2008)
...solutions company Huawei of employing Chinese staff without proper work and resident permits, Indian media reports.   The report quotes India's Ministry of Labour and Employment as sayin...
Wednesday, 27 August 2008

23. U.S., China in New WTO Dispute
(News/News August 2008)
...s is urging China to explain tax, subsidy and export rules for farm products including pork and wheat, AFP reports.   China's business law allows for "wholly exempting agricultural ...
Wednesday, 27 August 2008

...pens London Office Alibaba will open its first London office "in the near future," state media reports. The move by China's leading e-commerce company was initiated by Think London, the of...
Wednesday, 27 August 2008

25. Bank of China Faces U.S. Lawsuit
(News/News August 2008)
... was "ignoring demands by Israeli counter terrorism officials to halt the practice," the WSJ reports. The newspaper quotes Federico Castelan Sayre, an attorney representing the plainti...
Tuesday, 26 August 2008

...ina has bought a one per cent stake in UK-based insurance company Prudential for GBP130m, Financial Times reports. The Chinese now belong to the top 25 institutional investors of Prudential. FT is ...
Tuesday, 26 August 2008

...inium Corp. of China) have received approval for a RMB2.2 bn titanium joint venture in Harbin, state media reports. The plant is expected to be operational in 2010, and is slated to yield 15,000 tonne...
Tuesday, 26 August 2008

28. Chinalco Increases Stake in Rio Tinto
(News/News August 2008)
...government has approved Chinalco's plan to increase its stake in Rio Tinto Group to 11 per cent, Bloomberg reports. The Chinese are aiming to block a takeover of Rio by BHP Billiton.   ...
Monday, 25 August 2008

...is year, Kentucky Fried Chicken is raising its prices for individual products and combo sets, state media reports. Prices will increase  RMB0.5 and RMB2.5 as the fast food chain copes with hig...
Sunday, 24 August 2008

...g Kong Malaysia's Hong Leong Bank opened the first Islamic Banking Window in Hong Kong, Malaysian media reports. The bank will offer cross-border transactions and shariah-complaint wholesale and i...
Sunday, 24 August 2008

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