Brief

For any briefs, most often the Daily Briefs

Deal nears on China-ASEAN FTA

China agreed to a basic consensus with the Association of Southeast Asian Nations (ASEAN), which inclu

Cotton futures trading approved

The China Securities Regulatory Commission (CSRC) approved trading of cotton futures on the Zhengzhou

Coal stockpiles low, warning issued

Coal stockpiles decreased below normal levels, prompting energy officials to issue warnings of coming

Fujian oil complex planned

ExxonMobil, Saudi Aramco and Sinopec plan to build a US$3.6 billion petroleum refining complex in Fuji

Nanjing officials ousted in crackdown

The deputy mayor of Nanjing was among 21 officials targeted in a citywide crackdown on cadres holding

AMD unifies China operations

Advanced Micro Devices (AMD) announced it established a holding company in Beijing to consolidate grea

Carrefour plans Guangzhou base

Carrefour announced that it plans to establish a major China purchasing center in Guangzhou, Guangdong

Swatch to time 2008 Olympics

Swiss watchmaker Swatch said it would provide US$38.9 of timing equipment and personnel for the 2008 B

PBOC to hold off on rate increase

The head of the People's Bank of China said Beijing had no plans to raise interest rates, and with inf

CIRC raises ownership limit

China raised the maximum stake a single investor can own in a mainland insurance company to 20%, a mov

Chen urges better relations

Taiwan President Chen Shuibian called for improved relations with Beijing during a speech after his in

Manned moon mission postponed

Financial considerations have forced a delay in China's plans for a manned moon mission, state media r

Air agreement with New Zealand

China and New Zealand signed an air services agreement that removes restrictions on air travel between

China, Kazakhstan to build pipeline

China National Petroleum Corp (CNPC) and Kazakhstan state-owned KazMunaiGaz signed an agreement to joi

Siemens to boost China investment

Siemens announced it plans to invest another one billion euros (US$1.2 billion) into China.

PBOC official mentions rate hike

An official involved with policy at China's central bank said that China may raise interest rates if t

Creditors urged to sue

The head of the China Banking Regulatory Commission (CBRC) urged creditors to sue debtors.

Private deposits up 15.9% in April

Private bank deposits in April increased by 15.9% year-on-year, totaling US$1.45 trillion, according t

Parkson to double China presence

Parkson said it will double its current number of retail outlets in China to about 70 by 2008.

NORINCO to build metro in Iran

China North Industries (NORINCO) won a US$836 million bid to build a 19-kilometer metro line in Tehran

CPI growth at seven-year high

China's consumer price index (CPI), pushed by rising food prices, rose by 3.8%, the fastest rate in se

Money supply up 19%

China's broadest measure of money supply, M2, grew 19% year-on-year in April, according to data releas

Industrial output up 19% in April

China's industrial production in April grew by 19% year-on-year, the fastest rate of growth in more th

April retail sales up 13%

China's retail sales totaled US$48 billion in April, a 13% increase over April 2003, according to data

Kia to build new Jiangsu plant

Kia Motors announced that it signed a deal with Jiangsu province officials to build a US$645 million a

Spratly gas project launched

China formally initiated an energy exploration project in the Spratly Islands, a group of islands clai

Trade deficit quadruples

China's trade deficit grew to US$2.26 billion in April, up from US$540 million in March, according to

Taiwan firms investing too much

Taiwanese regulators found that 13 Taiwan-listed companies had exceeded the ceiling set by the Taiwan

Date set for next space mission

China will launch two astronauts into orbit for seven days in autumn 2005, according to state media re

CMD profits up 350% in Q1

China Minmetals Development, (CMD) China's largest trader of raw materials, reported a 350% profit inc

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