Economics & Trade

Pressure on prices

Of course, companies also invest in China to sell to the potential 1.3bn domestic customers.

Pressure on prices

Of course, companies also invest in China to sell to the potential 1.3bn domestic customers.

To have and to hold

Setting up a holding company in China is an expensive proposition for multinationals, but there are su

Nigeria visit boosts trade links

President Jiang Zemin made a state visit to Nigeria in April, which was expected to boost economic tie

Vice-president arrives in the US

Vice-President Hu Jintao left for an eightday visit to the US last month.

Vice-president arrives in the US

Vice-President Hu Jintao left for an eightday visit to the US last month.

GM soybean imports resumed

China has issued temporary safety permits for imports of bio-engineered food products, allowing the re

Boao Forum comes in for criticism

The second meeting of the Boao Forum for Asia, a pan-Asian organisation, was staged in April.

Steel exports fall while imports rise

China exported 1.2m tons of steel during the first quarter of 2002, 33.9 per cent less then in the sam

Improvement in Q1 trade balance

China's exports in the first quarter of 2002 were worth US$64.66bn, 9.9 per cent more than in the same

Fee cuts will reduce cost of trading

Under new rules promulgated by the market regulators and due to come into effect on May 1, brokerages

Citibank in pact with Chinese firm

China's largest brokerage, Galaxy Securities, has signed a pact with Citibank to cooperate on banking,

Rules on market making to be relaxed

The China Foreign Exchange Trading System is planning to boost liquidity in the country's forex market

Yuan to acquire greater flexibility

China intends to keep the exchange rate of its currency stable over the next few years but will make i

Debut for first private insurance firm

China's first private insurance company, Minsheng Life Insurance, has been established, Xinhua reporte

Ban remains on broking activities

The People's Bank of China has issued a statement that reconfirms the ban on banks acting as stockbrok

Macquarie Bank moves into mortgages

Australia's Macquarie Bank has signed a co-operation agreement with China's largest mortgage lender, r

Bank of China defers New York IPO

Bank of China (Hong Kong) is expected to defer the New York portion of its planned initial public offe

National payment system is launched

The formal launching ceremony was held at Bank of the end of March for a new unified national payment

More foreign currency licences awarded

The Shanghai and Guangzhou branches of Hang Seng Bank of Hong Kong have received licences to offer for

Citibank opens Shanghai retail branch

Citibank has opened a subbranch in Shanghai aimed solely at offering foreign currency services to Chin

Andersen operation merges with PwC

Siemens wins Shanghai metro order

German electronics and engineering firm Siemens announced that it has won an order to supply up to 38

New Luoyang fibre plant goes on stream

A new chemical fibre plant in Luoyang, Henan province, went into operation in April, Xinhua reported.

Griffin wins landmark mining licence

British mining development company Griffin Mining has been awarded a licence to develop the Caijiaying

Real estate leads outdoor spend

Outdoor advertising captured 14 per cent of the total advertising market last year, according to a sur

Jinlibao books up World Cup advertising

The soft drinks manufacturer Jinlibao has paid Yn31m to advertise in every one of the 64 World Cup mat

China Mobile revenues fall

China Mobile, China's biggest mobile phone operator, announced that its subscriber base grew by 7.1 pe

Avic to make parts for business jets

Dassault Aviation of France has signed a contract with Avic, under which the Chinese company will manu

China Eastern adds to Airbus fleet

China Eastern Airlines has ordered 20 Airbus SAS A230 aircraft as part of a plan to expand its fleet f

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