Date
24 April 2019

Business

  • Power use surges in manufacturing, website says

    Oct 23, 2013 11:34am
    Power use by China’s manufacturing industry grew 6.4 percent year on year in the nine months to September to 2.82 trillion kilowatt-hours, Chinanews.com reported Tuesday, citing the China Electricity Council. The sector consumed 71.5 percent of the...
  • Zoomlion snared in reporter’s detention saga

    Oct 23, 2013 11:01am
    It was an unusual front page for New Express on Wednesday. The Guangzhou-based daily demanded in bold type the immediate release of one of its reporters held in criminal detention, openly questioning the legality of the...
  • Taiwan lender aims to seal rural ABC deal next year, paper says

    Oct 23, 2013 10:12am
    Taiwan Cooperative Bank Ltd. has sent a team of senior executives to negotiate the purchase of a stake in ABC Xiamen Tongan Rural Bank Ltd., a unit of Agricultural Bank of China Ltd. (ABC) (01288.HK, 601288.CN),...
  • UnionPay ups the ante in internet finance battle

    Oct 23, 2013 9:51am
    Third-party payment behemoth UnionPay has raised the stakes in online wealth management and internet payments, launching its Tian Tian Fu {天天富} product last week through its wholly owned subsidiary, China UnionPay Merchant Services. Tian Tian Fu, which means...
  • Good old flesh and bones better than Foxconn robot army

    Oct 23, 2013 9:41am
    Taiwanese tycoon Terry Gou Tai-ming {郭台銘}, founder and chairman of contract manufacturing behemoth Foxconn Technology (Hon Hai Precision), once fearlessly predicted that robots would replace humans on assembly lines. A couple of years ago, he came...
  • Could China high-speed rail technology compete overseas?

    Oct 23, 2013 9:35am
    No less than Premier Li Keqiang {李克強} has been pitching China’s high-speed railway technology around the world. His last stop was Thailand where China is competing for US$12.8 billion worth of high-speed train systems with established players...
  • Central bank sets RMB midpoint firmer at 6.1330

    Oct 23, 2013 9:31am
    The People’s Bank of China set the renminbi’s daily midpoint against the US dollar at 6.1330 Wednesday, 65 pips stronger than the 6.1395 fixing on Tuesday, according to the China Foreign Exchange Trade System. That is...
  • China Jan-Sept tourists to S Korea top FY2012 level, Yonhap says

    Oct 23, 2013 9:19am
    Chinese visitors to South Korea stood at 3.08 million in the first nine months of this year, up from the 2.07 million recorded in the same period last year and beating the visitor numbers from all...
  • Direct business subsidies in new-energy car scheme, paper says

    Oct 23, 2013 9:18am
    The Ministry of Science and Technology said last week that the State Council has approved the latest subsidy scheme for new-energy vehicles and as many as four ministries are working to release the new policy as...
  • Distributed PV generation capacity target off mark, report says

    Oct 23, 2013 9:14am
    China is unlikely to achieve the installed capacity target for distributed photo-voltaic (PV) power generation this year, Beijing Business Today reported Wednesday, citing Wu Dacheng, an official with the Renewable Energy Society. The installed capacity for...
  • China Wireless selloff overlooks improving fundamentals

    Oct 23, 2013 8:44am
    China Wireless Technologies Ltd. (02369.HK) shares plunged nearly 7 percent on Tuesday on worries that an earnings drop at China Mobile (00941.HK) in the third quarter will encompass the homegrown handset label as well, as sales...
  • Toyota lifts investment in Chengdu venture, Kyodo says

    Oct 23, 2013 8:17am
    Toyota Motor Corp. will invest an additional 5 billion yen (US$50.95 million) in its production venture in Chengdu, Sichuan province, and add about 500 employees, Kyodo news agency reported Tuesday. It is the first investment for...
  • China eyes bonded area delivery for ore futures, paper says

    Oct 23, 2013 8:01am
    China is considering allowing delivery of iron ore futures in bonded areas, China Securities Journal reported Wednesday, citing the China Securities Regulatory Commission. Iron ore futures began trading on the Dalian Commodity Exchange on Oct 18. To curb...
  • Lenovo tapping Hollywood star for latest product, website says

    Oct 23, 2013 7:59am
    Lenovo Group Ltd. (00992.HK) is set to unveil Hollywood star Ashton Kutcher as a spokesman for its latest product, the Sina Technology website reported Tuesday, citing an invitation to a media event. The company will launch...
  • Northern steel firms face spot checks over emissions, paper says

    Oct 23, 2013 7:40am
    The Ministry of Environmental Protection said over 70 percent of the 298 steel companies in the northern China regions have failed to meet emission control standards, in an investigation conducted at the beginning of the year,...
  • China to improve support for science and technology, Xinhua says

    Oct 23, 2013 7:39am
    China will improve the way it provides financial support to science and technology development, Xinhua news agency quoted Finance Minister Lou Jiwei as saying Tuesday. Delivering a report to the country’s top legislature, Lou said that despite...
  • Law change makes it easier to sue polluters, paper says

    Oct 23, 2013 7:18am
    A draft amendment to China’s environmental protection law would make it easier to file public interest lawsuits against polluters, China Daily reported Wednesday. Under the proposal, agencies registered with the Ministry of Civil Affairs for at...
  • ZTE expects full-year profit, filing says

    Oct 23, 2013 7:05am
    ZTE Corp. (00763.HK, 000063.CN) posted a net profit of 552 million yuan (US$90.59 million) in the nine months to September, up 132.44 percent from the same period last year, it said in a regulatory filing Tuesday. Revenue...
  • Lenovo, six others face US patent probe, paper says

    Oct 23, 2013 7:04am
    The United States government will investigate Lenovo Group Ltd. (00992.HK) and six other optical product makers for alleged patent infringement, National Business Daily reported Wednesday. The action follows a complaint by a US optical company alleging the...
  • Russia signs US$85 bln China oil supply deal, SCMP says

    Oct 23, 2013 7:02am
    Russia has signed an US$85 billion deal to supply oil to China, the South China Morning Post reported Wednesday. The contract, part of a broader agreement ranging from strategic partnership and international affairs to trade relations,...

EJI Weekly Newsletter

Please click here to unsubscribe