Date
20 August 2018

Industries

  • Investors tap metals as gateway to China, WSJ says

    Nov 1, 2013 10:08am
    Investors seeking to bet on China’s economic growth are piling into the iron-ore and copper markets, the Wall Street Journal reported on Thursday. Prices of the industrial commodities have risen in recent months amid a flurry of...
  • PBoC rejects loan data duplication talk, paper says

    Nov 1, 2013 9:51am
    Sheng Songcheng, head of the statistics department at the People’s Bank of China (PBoC), has dismissed talk of a duplication of data in the calculation of aggregate financing, the China Securities Journal reported Friday. A loan...
  • Russia calls for more cooperation in coal sector, Xinhua says

    Nov 1, 2013 9:24am
    China and Russia should enhance cooperation in coal trading, thermal power stations and introduction of technologies, Xinhua news agency cited Ivan Grachov, chairman of the Russian State Duma’s Energy Committee, as saying. There is great potential...
  • Can China Minmetals dig its way out of trouble?

    Nov 1, 2013 9:23am
    Time was that state-owned conglomerate China Minmetals Corp. could do no wrong. Back in 2008, it was the darling of the propaganda apparatus, with cheerleaders touting its buying spree as an example of the “rising power...
  • Police arrest suspect in airline bomb threats, Bloomberg says

    Nov 1, 2013 9:03am
    At least three Chinese airlines received bomb threats on Thursday after five people were arrested on suspected links to Monday’s deadly car crash in Tiananmen Square, Bloomberg News reported on Friday. At least one person suspected...
  • CCB buying 72% stake in Brazil bank for US$723 mln, report says

    Nov 1, 2013 8:49am
    China Construction Bank Corp. (CCB) (00939.HK) has agreed to pay 1.62 billion reais (US$723 million) for 72 percent stake in Brazil’s Banco Industrial & Comercial SA, Bloomberg News reported Friday. The stake will include 157.4 million voting...
  • Growth in China’s CO2 output slows, FT says

    Nov 1, 2013 8:48am
    The growth in China’s emissions of carbon dioxide slowed last year to 3 percent, below the annual increases of 10 per cent over the past decade, the Financial Times reported Thursday, citing a study by the Netherlands Environmental...
  • China brands set up Europe shops in glitz quest, Bloomberg says

    Nov 1, 2013 8:43am
    China’s homegrown fashion brands are establishing their presence in Europe’s high-end boutiques to raise their image and attract well-heeled shoppers who are also likely to be Chinese, Bloomberg News reported Friday. Shanghai Woo, a Chinese maker of...
  • Taiwan’s Chinatrust to acquire Tokyo Star Bank, Kyodo says

    Nov 1, 2013 8:36am
    Tokyo Star Bank said Thursday that its shareholders in the United States have agreed to sell all of the shares they own, amounting to 98.16 percent of the bank’s total equity, to Taiwan’s Chinatrust Commercial Bank...
  • Chinese carmakers narrow quality gap, Reuters says

    Nov 1, 2013 8:22am
    China’s state-owned GAC Motor beat the industry average in a recent quality survey, as domestic brands narrowed the gap with foreign marques that dominate the world’s biggest car market, Reuters reported Thursday. GAC Motor, which sells cars...
  • Ministry calls for better local govt budgeting, CNS says

    Nov 1, 2013 8:02am
    The Ministry of Finance has told local governments to expedite drafting of their budgets and the spending of budgeted funds, the China News Service reported Friday, citing a ministry circular. The ministry also called for better...
  • Hon Hai telecom unit seeks strategic partners, report says

    Nov 1, 2013 7:51am
    Terry Guo, chairman of Taiwan’s Hon Hai Precision Industry Co. Ltd., said Thursday that the group’s telecom subsidiary Ambit Microsystems Corp. is seeking strategic partners after winning a 4G telecom license in Taiwan, Taipei Times reported...
  • 58.com shares soar 42% on NYSE debut, website reports

    Nov 1, 2013 7:29am
    Shares of mainland internet firm 58.com (NYSE: WUBA) ended their first trading day on the New York Stock Exchange at US$24.12 per American Depositary Shares (ADSs) Thursday, a 41.88 percent increase over the US$17 per share...
  • China firm to help build Sri Lankan port city, Xinhua says

    Nov 1, 2013 7:19am
    China Communications Construction Co. Ltd. will help build a port city along the shoreline of Sri Lanka’s capital Colombo, Xinhua news agency reported Thursday. The project, which is expected to begin construction in December, aims to reclaim a 230...
  • Landmark coal-to-gas project passes first tests, Xinhua says

    Nov 1, 2013 7:05am
    The first phase of a coal gasification project in north China has been completed and will start to supply gas to Beijing at the end of this year, Xinhua reported Thursday, citing project officials. The first phase...
  • Recalled cars double in Jan-Sept, Xinhua says

    Nov 1, 2013 6:59am
    The number of cars recalled in China roughly doubled year on year in China in the first nine months, with companies issuing 97 recalls affecting 2.69 million vehicles, Xinhua reported Thursday, citing the country’s quality watchdog. The...
  • China to cut retail fuel prices Friday, NDRC says

    Nov 1, 2013 6:55am
    Gasoline prices and diesel prices are set to fall 75 yuan (US$12.4) per metric ton from Friday, the National Development and Reform Commission said in a statement on its website late Thursday. The change equates to...
  • New OTC market open to foreign-funded ventures, Xinhua says

    Nov 1, 2013 6:47am
    All qualified companies formed under the limited-share system are allowed to list shares on the New Third Board, an over-the-counter trading market designed for growth enterprises, without any barriers set, the official Xinhua news agency reported...
  • Photo: Bloomberg

    POLICY WATCH: Keeping up in the information age

    - Nov 1, 2013 6:32am
    As new communications technologies begin changing the face of society, Chinese authorities are putting fresh emphasis on promoting informatization to drive social and economic development, deeming the initiative as vital in the nation’s broader push to...
  • China’s 3Q mobile phone sales rise 54%, Xinhua says

    Nov 1, 2013 6:31am
    Some 102.66 million mobile phones were sold in China in the three months to September, up 13.6 percent from the previous quarter and 54.5 percent from a year earlier, Xinhua news agency reported Thursday, citing a...

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