Date
20 January 2019

World

  • Guangdong university president to join PBoC, paper says

    Feb 20, 2014 11:45am
    Guangdong University of Finance president Lu Lei {陸磊} is believed to be on his way to join the People’s Bank of China (PBoC) as head of its Research Institute of Finance, the China Business News reported...
  • China Japan’s third-biggest tourist source in Jan, Kyodo says

    Feb 20, 2014 11:33am
    The number of Chinese tourists visiting Japan in January totaled 155,700, third behind South Korea’s 255,500 and Taiwan’s 196,900, Kyodo news agency reported Wednesday, citing data from the Japan National Tourism Organization. Japan had 944,000 overseas...
  • HSBC China Feb flash PMI hits 7-month low at 48.3, report says

    Feb 20, 2014 11:27am
    The HSBC China Flash Manufacturing Purchasing Managers Index (PMI), a preliminary reading of the nation’s manufacturing activity, fell to a seven-month low of 48.3 in February, Wallstreetcn.com reported Thursday, citing a HSBC statement. The figure is...
  • Manufacturer in front in China executive pay race, paper says

    Feb 20, 2014 11:18am
    LNG gear maker Zhangjiagang Furui Special Equipment Co. Ltd. (300228.CN) is leading the mainland-listed-firm executive pay stakes, giving its top-tier staff a combined 11.27 million yuan (US$1.85 million) last year, Securities Daily reported Thursday, citing numbers from financial...
  • Guangzhou leads way in opening budget books, paper says

    Feb 20, 2014 10:46am
    Guangzhou has volunteered to open its books to let central government finance chiefs review its budgets in a pilot push for local financial transparency called “Operation Sunlight”, Economic Information Daily reported Thursday. Wang Chaocai, vice president...
  • Gree Group to spin off real estate assets, paper says

    Feb 20, 2014 8:36am
    Gree Group, parent of Gree Electric Appliances Inc. (000651.CN), is planning to spin off its property assets as part of a restructuring, China Securities Journal reported Thursday, citing a regulatory filing. Gree Group will transfer a...
  • Fake divorces on the rise, paper says

    Feb 20, 2014 8:34am
    Shanghai reported a big jump in couples splitting up last year amid an increase in fake divorces, rising instability in young people’s marriages and an economic downturn, Shanghai Daily reported Thursday. More than 60,800 couples with...
  • MGM Resorts rides Macau demand, WSJ says

    Feb 20, 2014 8:02am
    Casino operator MGM Resorts International posted improved fourth-quarter revenue as it continued to benefit from stronger demand in Macau, the Wall Street Journal reported Wednesday. The performance, which marked continuing revenue momentum for more than three...
  • Govt raises reward for price monopoly informers, paper says

    Feb 19, 2014 3:42pm
    The National Development and Reform Commission has raised the cash reward for those who provide information leading to the prosecution of price monopolistic practices to 10,000 yuan (US$1,646.09) for serious cases and 5,000 yuan for other offences, up...
  • FTZ helps Shanghai’s trade expand 16.5%, paper says

    Feb 19, 2014 2:04pm
    Shanghai’s trade expanded 16.5 percent from a year earlier in January, better than the national average of 10.3 percent, mainly due to rising activities at the pilot free trade zone, the Shanghai Daily reported Wednesday, citing...
  • Taiwan raises 2014 GDP growth forecast to 2.82%, paper says

    Feb 19, 2014 11:38am
    Taiwan now expects its gross domestic product (GDP) to expand by 2.82 percent this year, revising a previous forecast made in November for 2.59 percent growth, Liberty Times reported Wednesday, citing the island’s Directorate General of...
  • Top Shaanxi party official under investigation, watchdog says

    Feb 19, 2014 10:10am
    A top Communist Party official in Shaanxi province is being investigated for suspected disciplinary violations, a party watchdog said in a statement Wednesday. Zhu Zuoli {祝作利}, vice chairman of the provincial committee of the Chinese People’s Political...
  • SMEs ‘need tax breaks’ as profit margins shrink, paper says

    Feb 19, 2014 9:26am
    An economic research body has called for the mainland authorities to raise the tax exemption threshold for small and medium-sized enterprises (SMEs) as operating conditions tighten in China, National Business Daily reported Wednesday. Zhou Dewen from...
  • Hainan vice governor Ji Wenlin under probe, watchdog says

    Feb 19, 2014 8:49am
    The vice governor of southern China’s Hainan province is under investigation for suspected violation of discipline, a Communist Party watchdog said in a statement Tuesday. Ji Wenlin {冀文林}, the latest official to face investigators in a widening anti-corruption...
  • Singapore’s Global Logistic lures China investors, report says

    Feb 19, 2014 8:48am
    A group of Chinese investors, including Bank of China Group Investment, will put in a combined US$2.5 billion in Singapore’s Global Logistic Properties Ltd. (GLP), a leading provider of modern logistics facilities in China, Japan and...
  • Sino-Japan trade down for second straight year, website says

    Feb 19, 2014 8:34am
    Trade between China and Japan fell 6.5 percent to US$311.99 billion in 2013 from a year earlier, the second consecutive annual decline, government portal gov.cn reported Tuesday, citing Japanese industry data. Japanese exports tumbled 10.2 percent year on year...
  • China stands by January trade data, WSJ says

    Feb 18, 2014 2:59pm
    China’s Ministry of Commerce insists the higher-than-expected January export data was not inflated, the Wall Street Journal reported Tuesday. Exports of important products including cars and consumer goods made good gains in large markets, ministry spokesman Shen Danyang was...
  • China Jan FDI up 16.11%, ODI up 47.2%, MoC says

    Feb 18, 2014 1:15pm
    Cross-border investment in China gained ground in the first month of 2014, with foreign direct investment (FDI) up 16.11 percent to US$10.76 billion in January from a year earlier, the Ministry of Commerce said in Beijing...
  • China Seed Int’l in recapitalization move, paper says

    Feb 18, 2014 9:24am
    China Seed International Seed Co. Ltd., formerly known as Zongzhong Dika Seed Co. Ltd., has boosted its registered capital to 480 million yuan (US$79.15 million) from 100 million yuan, National Business Daily reported Tuesday, citing a...
  • Alibaba to invest in TutorGroup fundraising, paper says

    Feb 18, 2014 9:09am
    Internet giant Alibaba Group will invest in TutorGroup, a leading online education platform, Shanghai Securities News reported Tuesday. Singapore sovereign fund Temasek Holdings and Qiming Venture Partners are also investing in TutorGroup’s second round of fundraising....

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