For any briefs, most often the Daily Briefs

Deutsche takes 20% stake in Harvest

Deutsche Asset Management (DeAM), Deutsche Bank's global asset management business, will take a 20% st

China won't impose higher tax rate on foreign firms

Although the differing income tax rates for foreign and domestic companies will equalize eventually in

China unveils anti-secession law

China unveiled a law authorizing military force against moves by Taiwan toward formal independence whi

Beijing tightens rules on TV ventures

China is re-imposing controls over foreign investment in TV production joint ventures, four months aft

Tax reform debate resumes

The National People's Congress is expected to take up the tax-reform debate, amid calls for a unified

China's commercial air fleet to triple: Airbus

China's airlines will triple their fleets by 2023, owing to anticipated 8% annual growth in passenger

Chain retailer to expand through M&A

China's 400-store retail chain, Wumart, says it will expand nationwide through mergers and acquisition

Chinese envoy visits US to discuss N. Korea

China has sent a special envoy to Washington to revitalize six-party talks regarding North Korea's nuc

Two state banks to go public

Following government subsidized restructurings and write-offs, two of China's largest state banks are

Pearl River Delta bridge project gets nod

A US$3.8bn bridge project linking the mainland, Hong Kong and the ports in the Pearl River Delta regio

CMB to launch fund management company

China Merchants Bank says it has selected a foreign partner for its fund management joint venture, acc

Regulators to consider capping executive pay

China may limit executive pay to 14 times that of the average salary of a company's employees at state

Brokers enter fund arena

Shanghai Securities News reported that securities regulators had cleared two brokers to enter the fund

Regulator says 30 banks comply with CAR rules

China Banking Regulatory Commission Chairman Liu Mingkang said only 30 banks, representing roughly hal

Report says Tung told cabinet of quitting

Hong Kong Chief Executive Tung Chee-hwa reportedly told members of his cabinet he had decided to resig

Global growth overly dependent on US and China: IMF

Worldwide economic growth is being disproportionately driven by the US and China, while the EU and Jap

China forecasts higher unemployment

While it has committed to creating 9m urban jobs, the central government expects urban unemployment ra

China's economy to slow in 2005

China aims to grow its economy 8% this year, down from 9.5% in 2004, Premier Wen Jiabao said, despite

China Mobile eyes Pakistan Telecom

China Mobile Communications Corp, China's leading mobile operator, is on the shortlist of bidders for

Taiwan-Fujian economic zone proposed

China is again considering establishing an economic zone west of the Taiwan Strait in East China's Fuj

New agency to oversee energy sector

Beijing will create an agency to oversee China's energy industry but is unlikely to establish a cabine

Grain production not enough to feed country: experts

China has enough grain to feed its 1.3bn people for now, but the future looks questionable, according

Market to influence yuan rate

While Beijing will continue to run the foreign exchange market, markets will play an increasing role i

China pays US$48bn in export tax rebates

China paid more than US$48bn in tax rebates to exporters in 2004, the foreign trade minister said, add

On orders, Heinz recalls products

Food giant Heinz Corp is following orders to recall some of its chili products that may contain the ca

Defense spending to rise sparking worries in Washington

Beijing is expected to raise military spending by 12.6% this year to US$29.5bn, prompting concerns in

South Korean FDI up 40%

South Korea's foreign direct investment in China reached US$6.25 billion in 2004, up nearly 40% from 2

Petrochemical industry reports record expansion

China's petrochemical industry experienced record production and sales in 2004, state media reported,

China to subsidize farmers with RMB5.5b

In an effort to mitigate grain shortages and to shrink the income gap between rural and urban citizens

Tianan Insurance exploring stakes sale

Tianan Insurance is holding talks with foreign investors to sell some of its stakes, state media repor


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