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Netcom agrees US$1bn stake in PCCW

Hong Kong's PCCW announced a much-anticipated deal to sell a 20% stake in the company to China Netcom,

Nortel, China Putian plan 3G venture

Canada-based Nortel Networks Corp said it had signed a framework agreement to establish a wireless joi

Huadian plans US$233m China offering

Huadian Power International announced it aims to raise up to RMB1.93bn (US$233.4m) from its first dome

VW ventures 'should list'

Volkswagen has been urged to list its two Chinese joint ventures, Li Rongrong, head of the State Asset

Tokyo warns against lifting of arms ban

Japan added its voice to US concerns over plans by the European Union to lift its 15-year-old arms emb

Beijing wins Grenada away from Taiwan

The mainland scored another small victory over Taiwan, persuading Grenada to re-establish ties with Be

eBay to ivest US$100m in China growth

US-based eBay announced plans to invest US$100m in China this year, as part of a push to expand its pr

China mulls polar post office

For reasons not divulged, China is considering opening a post office in the Antarctic, Xinhua reported

Ministry works for hostage release

The foreign ministry said it was taking "all measures" to secure the release of eight Chinese national

Halt ordered to power projects

China has ordered a stop to construction work on 26 major power plant projects, citing a lack of prope

Blair backs Rover China tie-up

UK Prime Minister Tony Blair has personally intervened in an effort to secure a prospective alliance b

Condi seeks cooperation with China

The Bush administration has moved away from viewing China as a "strategic competitor" and is seeking a

China Unicom 'to be split'

A plan to split China's number two mobile carrier, China Unicom, into two separate companies has been

Beijing 'planning US$20bn Thai canal'

Beijing is considering an ambitious plan to fund construction of a US$20bn canal across Thailand as pa

Americans face DVD piracy trial

Two US citizens went on trial in Shanghai accused of selling almost US$1m worth of pirated DVDs to ove

Report: New 3G pilots ordered

The Ministry of Information Industry has asked all China's major mobile and fixed line telecom operato

US imposes sanctions on China companies

The Bush administration has imposed new sanctions against seven Chinese companies, as well as two firm

PepsiCo steps up marketing drive

PepsiCo reported a 26% jump in its China sales in 2004 and said that it planned to maintain double dig

SOEs told to fully list

China's State-owned Asset Supervision and Administration Commission said that it would encourage major

PBoC head pledges more steps to RMB float

The head of the People's Bank of China said the government planned "further steps" in 2005 to move the

Chinese workers kidnapped in Iraq

Eight Chinese nationals working in Iraq were abducted by insurgents, the Chinese embassy in Baghdad an

UTStarcom aims at GSM handset market

US-based telecoms equipment maker UTStarcom Inc announced plans to enter China's mobile phone market b

GM to launch new China-made Chevies

General Motors said it would launch two new made-in-China cars under the Chevrolet brand in February,

Restaurants see sales up 21%

China's restaurants saw sales grow by 21.4% in 2004, a sign of the country's growing affluence and inc

Huadian heads new round of China IPOs

Electrical generator Huadian Power became the first company to announce its initial public offering Mo

Irish PM leads trade push to Beijing

Irish Prime Minister Bertie Ahern arrived in Beijing at the start of a week-long visit, bringing with

Safety body aims to reduce mine deaths

China's top work safety body said it had set a target of eliminating all major mining accidents after

Zhao Ziyang dies

Former Communist Party Chairman Zhao Ziyang died in a Beijing hospital "after failing to respond to al

Mazda, FAW launch sales venture

Japanese automaker Mazda said it was launching a US$12m sales and distribution venture in China with F

LG targets 50% China sales growth in '05

South Korea's LG Electronics said it plans to increase its sales in China by 50% in 2005 year-on-year,

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