Brief

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Insurance sector not yet developed

China Insurance Regulatory Commission (CIRC) officials said that the insurance business is not develop

Sony ups China investment

Japan's Sony Corp announced a further US$200 million investment in its China operations for the fiscal

CITIC looks to water investments

Hong Kong-based CITIC Pacific said it expects its RMB 200 million water supply JV in China's Guizhou p

Credit bubble warning

Warning of a credit bubble in his latest China report, Morgan Stanley economist Andy Xie questioned th

US urges China to reduce trade barriers

US Commerce Secretary Don Evans said China had to remove more trade barriers to cut the Sino-US trade

Survey finds rural bank services inadequate

Despite government efforts to encourage more lending to farmers, the banking system still fails to ser

Inflation heads up in June

State Development & Reform Commission Vice-Secretary Cao Yushu said China's inflation rate as meas

Development bank planned

The Shanghai Co-operation Organization, which groups together China, Russia, Tajikistan, Kazakhstan, K

Sichuan backs Hong Kong HQs

In another boost for the newly mapped out pan-Pearl delta economy, Sichuan officials urged local compa

GM shifts regional HQ to Shanghai

General Motors Chairman and CEO Rick Wagoner announced GM will shift its Asia-Pacific headquarters fro

More finance options for SMEs

Vice-Premier Zeng Peiyan told a China-US business forum the government is working on plans to set up a

China car exports near, says US

Chinese-built cars could start shipping to US markets in volume by the end of the decade, Al Warner, d

ASEAN trade deal proves elusive

China and its Southeast Asian trade partners will probably miss the June 30 deadline for deciding whic

State Power audit reveals waste, lawbreaking

State Power Corp executives cooked the books and misused state assets, Auditor-General Li Jinhua said

Hitachi plans hard drive plant

Hitachi Global Storage Technologies announced plans to construct a disk drive manufacturing center in

New bond regulations unveiled

The People's Bank of China (PBOC) and the China Banking Regulatory Commission (CBRC) announced new reg

McCain plans french fry factory

Canada-based McCain Foods announced plans to construct a US$42.3 million french fry factory in Harbin,

Wen Jiabao meets US delegation

Premier Wen Jiabao met with a US delegation including Commerce Secretary Donald Evans and members of t

Industrial profits up

Profits earned by China's industrial companies grew 43.7% year on year to US$51.3 billion in the first

Wen reassures Asia on China economy

Acknowledging concerns of the international community, Premier Wen Jiabao told regional foreign minist

Europe now third largest FDI player

Speaking at an EU-China conference in Beijing, EU Commissioner for Enterprise and Information Society

German firm sues and wins

Germany-based oxygen analyzer manufacturer Enotec was awarded US$60,000 in damages by the Shenzhen Int

Railway Age coming to Tibet

Two 25-meter-long rails were laid at the foot of the Tanggula mountain range in Amdo County of Tibet a

China Development Bank to offer bonds

The China Development Bank plans to offer up to US$1 billion in US Dollar denominated bonds.

Gold trade opens in Beijing

China Merchants Bank (CMB) began sales of two, five and ten ounce gold bars in Beijing and plans to ex

Forum to discuss tourism, environment

Nine southern provinces, Hong Kong and Macau will sign cooperation agreements on tourism and the envir

Interbrew takes stake in brewery

Interbrew SA of Belgium said it agreed to pay US$53.2 million for a 70% stake in Zhejiang Shiliang Bre

Chip demand to peak this year

Gartner Dataquest research projects mainland semiconductor growth will slow, according to a South Chin

CEOs pay to hear Jack Welch

State media reported that leading private and state-owned firms were paying up to US$3,600 for their c

Mobile phone users hit 300 million mark

Mobile phone subscribers topped 300 million at the end of May, the China Daily reported, quoting Minis

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