Economics & Trade

Bush grants permanent NTR

US President George W Bush has granted China permanent normal trading relations, effective from the st

Washington claims record deficit

The US trade deficit with China in October was the biggest monthly shortfall for any country on record

Loral settles missile claim

The US satellite company Loral said that it had paid US$14m to the US State Department to settle a cla

China prepares for slower export growth

China recorded a trade surplus of US$22.5bn in 2001, down from US$24.1bn in 2000.

Premier builds bridges with India

In January, Zhu Rongji became the first prime minister in a decade to visit India.

Japanese trade dispute resolved

China and Japan resolved their nine-monthlong trade dispute in December.

Jiang signs security pact with Burma

On a visit to Burma in December, President Jiang Zemin signed several pacts on co-operation and border

Mongolia presses for more investment

The prime minister of Mongolia, Nambaryn Enkhbayar, went a six-day official visit to China in January,

Funds criticised for breaking rules

Chinese fund managers have been criticised for apparently breaking rules on the purchase of shares dur

Mainland bank opens insurance branch

The head of the China Insurance Regulatory Commission has encouraged domestic insurance companies to "

More licences follow WTO accession

New licences were issued to foreign insurers just a day after China's accession to the World Trade Org

Chinese firms take majority stake in CICC

The joint venture investment bank, China International Capital Corporation, has changed its ownership

Banks open up to foreign investment

HSBC became the first foreign commercial bank to secure a stake in a mainland bank when it acquired an

AMCs sell 9 per cent of loan book

The four asset management companies created in 1999 to take on the bad loans of China's big four banks

Probe threatens Bank of China listing delay

The chairman of China Construction Bank, Wang Xuebing, was sacked from his position in January.

Korean group sets up electronics plant

LG Micron of South Korea has signed a deal to establish an electronics joint venture in Fuzhou, capita

Breakthrough for China Broadband

Central government regulations forbid the convergence of television and telecoms networks outside Shan

CDMA tie-up for Samsung

Samsung Electronics Co has established a US$29m joint venture with Shanghai Bell to market and researc

Shougang cuts cost estimate for chip plants

The investment cost of a proposed new chip plant by steel giant Shougang Group will be 40 per cent low

Brilliance sells half of truck stake

Shenyang Brilliance Automotive said that it would sell half of its 50 per cent stake in a US$230m truc

Japanese auto groups on the move

Toyota Motor's 50-50 joint venture with Tianjin Xiali, established in June 2000, said it is likely to

Progress on mini-vehicle venture

General Motors said it has been given preliminary approval to establish a joint venture with mini-vehi

GM to enter car financing business

The financing division of General Motors is poised to enter China's nascent car financing business, wi

Online order for British motor institute

Britain's Institute of the Motor Industry has sold an online exam to test up to 3m car mechanics to Ch

Local banks strike major loan with BP

BP's US$2.7bn petrochemical joint venture deal near Shanghai was signed last month.

Market researcher merges units

Taylor Nelson Sofres of the UK has amalgamated its China units into one joint venture, the company ann

News Corp sings TV deal

News Corporation officially signed an agreement in mid-December to launch a 24- hour Chinese-language

Metso forges ahead on two frontsz

The Scandinavian company Metso Minerals is investing in two new manufacturing units in China to serve

Large stores barred from central

Beijing From the start of this year, Beijing's municipal commission of commerce has forbidden the cons

Aeon in expansionary mode

Aeon Co, formerly known as Jusco, plans to open three large supermarkets in Guangdong this summer as p

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