Brief

For any briefs, most often the Daily Briefs

More US pressure on China's currency policy

US Federal Reserve Chairman Alan Greenspan told the Senate Budget Committee that China will unpeg its

ICBC gets US$15bn bailout

Beijing will inject US$15bn into the country's largest bank, the Industrial and Commercial Bank of Chi

Urban unemployment rate at 4.2%

Although China's urban unemployment rate stayed unchanged from the 4.2% posted at the end of last year

China to become DHL's no 1

DHL, an arm of Deutsche Post AG, said its revenues in China would grow 50% this year, putting China on

Hu calls for peaceful cooperation

China needs the world to drive its development while the world needs China to sustain its growth as "C

Real estate investment up

China's first quarter real estate investment grew 26.7% from a year ago, spurring rising housing costs

1Q PPI, CPI up

State media reported gains in China's first quarter producer prices -- which rose 5.6% year-on-year, o

1Q fixed asset investment up

State media reported China's first quarter fixed asset investment grew 22.8% year-on-year, down 20.2%

1Q GDP up 9.5%

Helped by strong exports, particularly textiles, China's first quarter GDP grew faster than expected,

Japan seeks talks with China

After China ordered an end to anti-Japanese protests, Japan has said it is willing to begin talks to r

French PM in China

French Prime Minister Jean-Pierre Raffarin arrived in Beijing for a three-day visit "to sell Airbus in

US may probe China's currency peg

After turning down similar requests last year, the Bush administration said it would review a new requ

KMT in Mainland Apr 26

The leader of Taiwan's opposition KMT party, Lien Chan, is scheduled to arrive in the Mainland April 2

Brunei, China sign pacts

China and Brunei signed co-operative agreements in technology, public health, energy, tourism, among o

1Q FDI up

China's National Bureau of Statistics reported China's first quarter foreign direct investment rose 9.

Foreign bank profits up

Shanghai branches of foreign banks collectively posted RMB1.07bn (US$129.2m) in first-quarter profits,

Ford, Mazda, Chang'an in JV

Ford Motor Co and Mazda Corp announced they have partnered with Chongqing-based Chang'an Automotive to

Volvo aims to raise sales

Volvo Car Corp, the Swedish unit of Ford Motor Co, aims to double its market share in China from 3% to

China seeks better Vatican ties

Beijing called on new Pope Benedict XVI to sever ties with Taiwan and keep out of China's internal aff

Beijing to give Taiwan market access

Beijing is prepared to open its markets to Taiwan in an arrangement similar to the Closer Economic Par

Americans convicted selling fake DVDs

A Chinese court sentenced an American to two and a half years in prison for selling pirated DVDs, afte

War victims' claims rejected

The Tokyo High Court yesterday rejected an appeal by 10 Chinese who demanded compensation for sufferin

Hu invites PFP to China

The head of Taiwan's opposition People First Party (PFP), James Soong Chu-yu, has accepted President H

MOU starts China-Australia FTA talks

State media reported that China and Australia have signed a Memorandum of Understanding (MOU) to forma

Shell, SAIC in JV

The Shanghai Automotive Group Company, an arm of Shanghai Automotive Industrial Corp (SAIC), and Royal

Diesel shortage looms

China's service stations are beginning to run low on diesel due to Beijing's March 23 decision to leav

Central SOEs profits up

Helped by steady productivity gains and effective cost controls, China's 170 Beijing controlled state

New EU 'green' rules

China's electronics industry is preparing to comply with two European Union environmental directives t

China won't apologize to Japan

Rebuffing Japan's demand for an apology following a third weekend of anti-Japanese protests, China ins

G7 presses for currency reforms

In a message targeted at Beijing, the Group of Seven industrial powers over its weekend meeting called

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