Economics & Trade

The end of deflation?

China's consumer price index (CPI) rose by 1.8% in October and 3% in November, the fastest in six year

Customs rules published

China published its Provisions on Imports and Exports, which go into effect on January 1, 2004.

Exports of mass destruction

Exports of sensitive goods and technology were put under stricter administration after the circulation

China predicts trade slowdown

China predicted that its foreign trade would slow dramatically in 2004.

Sinochem buys Ecuadorian stake

Sinochem paid US$100 million to acquire a 14% stake in an oil field in Ecuador operated by US firm Con

Chancellor sparks controversy

German Chancellor Gerhard Schroeder's proposal to resume arms sales to China touched off a furious p

China buys into Thai mine

State-owned firm China Finance National Investment signed a contract with a Canadian company to buy a

China's masses logging on

The number of Internet surfers in China is expected to have reached 78 million by the end of 2003, mak

Danone ups dairy stake

Danone Asia, a subsidiary of French food giant Group Danone, paid the Shanghai government RMB 121.03 m

Guangdong Brewery courts investors

Guangdong Brewery said that it was in talks with the world's five largest brewing groups with the aim

Digital Pearl Delta

In just three years, the Pearl River Delta has become the source of most of the world's low-cost digit

TV exports fall

China's largest TV maker, Sichuan Changhong Electric, warned its exports would drop 25% for 2003, afte

Weiqiao Textile sees big jump

Exports at Weiqiao Textile, China's biggest cotton-textile maker, are expected to rise 54% for 2003 be

Bosch in JV

Chinese fuel injector firm Wuxi Weifu said it was entering into a JV with German engineering firm Robe

SAIC plans new plant

Shanghai Automotive Industry Corp (SAIC), one of China's largest automakers, announced plans to build

Shanghai to overhaul property market

Shanghai's Mayor Han Zheng announced that the municipal government would overhaul its booming real est

Stainless steel JV Germany's

ThyssenKrupp and China's Baosteel plan to spend US$180 million to nearly quadruple capacity at a stain

Copper output could fall

China's copper smelters are bracing themselves for possible output cuts in 2004 in response to a sever

Baotou Aluminum listing Inner

Mongolia-based Baotou Aluminum is aiming to raise RMB 600 million via a Shanghai A-share listing in th

Online games firm plans NY listing

China's largest online games firm, Shanda Networking, announced plans to seek a Nasdaq listing worth a

Air China plans IPO

Air China invited bids from investment banks for an initial public offering (IPO) in Hong Kong that co

BOC plans IPO

The Bank of China (BOC), one of the nation's 'big four' State-owned commercial banks, said it has sche

Cement company plans HK listing

A mainland-based cement maker linked to one of Taiwan's most powerful families plans to raise as much

Liberty Mutual sets up in Chongqing

Liberty Mutual Insurance Group, the second largest property and casualty insurer in the US, will open

Japanese insurance enters China

Millea Holdings, Japan's largest non-life insurer by premium income, started offering life insurance p

Foreign insurers expect windfall

Foreign non-life insurers were granted approval to do business with Chinese companies from December an

National bank for Tianjin

for ways to raise money for planned infrastructure projects, which are expected to cost RMB 700 billio

More loans for Three Gorges

The China Development Bank (CDB) granted RMB 5 billion in additional loans to the Three Gorges Proj

HK banks do RMB

Hong Kong banks received approval from the central government to conduct business in renminbi (RMB) in

NPL ratio lifted

US ratings firm Standard & Poor's lowered its estimates of impaired assets at China's banks to 44-


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