Brief

For any briefs, most often the Daily Briefs

PBOC undertakes to work smarter

People's Bank of China Governor Zhou Xiaochuan said the central bank would intensify research to make

2004 FDI still set to outpace 2003's

Despite recent moves to cool the economy, foreign investment in 2004 may exceed 2003's US$53.5 billion

Market economy 10 years away

The Asian Development Bank (ADB) published a report saying that China needs at least 10 years to creat

Wenzhou group plans private bank

A Wenzhou-based consortium of nine private firms will seek regulatory approval to form a bank, accordi

Intel sells equipment to Nanotech

Intel plans to sell used semiconductor production equipment to Nanotech Corp in a deal which also incl

National FDI to grow slightly

Vice Minister of Commerce Ma Xiuhong said that 2004 foreign direct investment (FDI) will likely be on

Northeast investment grows

Ministry of Commerce officials said that the increase in investment in northeastern provinces was not

Derivatives licenses issued

Citigroup, Standard Chartered Bank, Bank of Tokyo-Mitsubishi and Mizuho Financial Group look set to wi

HKMA warns of big losses

Hong Kong Monetary Authority (HKMA) chief executive Joseph Yam hinted that the Special Administrative

Yangshan decision on contractors by year end

The Shanghai municipal government will decide by year end how private companies participate in Yangsha

Money laundering probe in Macao reported

The Far Eastern Economic Review reported that gaming giant Sociedad de Tourism e Diversoes de Macau (S

Power rate hike

Signaling a worsening energy crunch, the National Development and Reform Commission increased prices b

Credit controls to continue

The State Council announced that economic growth appears to be slowing to acceptable levels but that c

Ministry to halt evictions

The Ministry of Construction ordered a stop to evictions of residents from state-owned land in a recen

Energy crunch could push companies into the interior

Tsinghua University analyst Zhang Jianyu said electricity shortages could force foreign investors to s

Shi Wen-long breaks links with Chi Mei

Taiwan tycoon Shi Wen-long, under attack for his pro independance stand, cut his ties with the Chi Mei

Google takes stake in Baidu

Google and other seven other companies, including Silicon Valley venture capitalists Draper Fisher Jur

FDI growth slowing

The Ministry of Commerce reported China's direct foreign investment grew 11.3% in the first five month

CNPC partners with Uzbek Oil and Gas

China National Petroleum Corp (CNPC) and Uzbekneftegaz (Uzbek Oil and Gas) have agreed to work togethe

Guangzhou court reduces jail terms

Southern Metropolis News manager Yu Huafeng had his prison sentence reduced from 12 to eight years and

Finished product prices rise in May

Mainland prices of finished industrial products leaving the factory rose 5.7% in May compared to the s

Fix asset investment growth slows

Fixed asset investment growth slowed in May, the National Bureau of Statistics reported.

Economist dismisses overheating talk

Columbia University Nobel Prize-winning economist Robert Mundell told a conference co-sponsored by the

Foreign multinationals come first

Foreign-invested enterprises with operations in Shanghai are being put at the front of the queue for p

Producer prices rise

Producer prices in May were up 5.7% compared with May 2003, the National Bureau of Statistics reported

Alcatel satellite for 2008 Games

French telecommunications equipment maker Alcatel won a bid to supply a television satellite to China

Wen says economic controls working

Premier Wen Jiabao praised China's recent macroeconomic control efforts as effective during a tour of

CSRC allows steel firm's expansion

The China Securities Regulatory Commission approved Wuhan Steel Processing plans for a US$1 billion se

CSMC to cut cash dividends

CSMC Technologies said that it plans to use cash raised through its Hong Kong initial public offering

Mulling an interest rate hike

Sheng Songcheng, vice head of the Shanghai branch of the People's Bank of China, said that putting a c

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