Brief

For any briefs, most often the Daily Briefs

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

Labor pool to continue swelling

China's labor pool will grow by 2.8 million university graduates in summer 2004, according to data rel

Banks receive QFII approval

Hang Seng Bank and Daiwa Securities were approved for qualified foreign institutional investor (QFII)

US to back China NSG bid

The US announced it will support China's entry into the Nuclear Suppliers Group (NSG), which controls

P&G to own 100% of JV

Procter & Gamble (P&G) announced it planned to acquire a 20% stake in its joint venture with H

US labor group to visit China

The AFL-CIO, the largest US trade union group, said it had accepted an invitation by Chinese Vice Prem

Steel prices down 17%

Efforts to cool down the economy contributed to the decrease in steel product prices for construction

Guangdong to focus on inflation

Guangdong province took steps to cool down investment in the province in order to prevent inflation.

Short-term rural loans jump

Loans to rural areas grew by 13% year-on-year in the first quarter of 2004, reaching a total of US$161

New Olympic tenders announced

Organizers of the 2008 Beijing Olympics announced that two nongovernmental tenders for the National Te

UK firms sign US$1.5bn in deals

Chinese and UK companies signed contracts worth a total of US$1.5 billion during Premier Wen Jiabao's

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