Brief

For any briefs, most often the Daily Briefs

China's retail-chain sales growth spike

The Ministry of Commerce reported that China's top 30 chain stores'' total sales reached RMB 170.5 bil

Developer chooses bonds over banks

Shenzhen-listed developer China Vanke said it would not be stopped by Beijing's tighter credit policie

US cuts penalties on furniture imports

The US Department of Commerce said it was cutting duties on furniture made by 20 Chinese producers.

New Toyota plant for Guangzhou

Beijing has cleared Guangzhou Automobile Industrial Group to proceed with negotiations with Toyota Mot

GM wins approval to provide car financing

Following on the heels of Ford Credit's approval, General Motors said the China Banking Regulatory Com

Guangzhou airport enjoys smooth start

With memories of Hong Kong's disastrous airport opening obviously fresh in its mind, the South China M

PLA to be deployed for football final

Authorities said more than 6,000 police and army troops would be deployed to oversee security at Beiji

Newspaper reform still leaves Party in charge of editorial

China's General Administration of Press and Publication Reform said no matter how the private sector m

PLA business activities revisited after 1998 ban

Xinhua reported that authorities had launched a massive, two-year investigation of the PLA's involveme

China Cofco to keep D'Long-linked ketchup flowing

Xinjiang Tunhe Investment Co, one of the leading members of the unraveling D'Long International Strate

Corruption inquiry leads to discipline for 35 bankers

The China Banking Regulatory Commission (CRBC) said 35 officials at China Construction Bank, the Indus

Electricity glut coming, economists warn

China, now suffering from power shortages over two thirds of the country, could be in for a massive el

Shanghai exchange set for fuel oil futures

The Shanghai Futures Exchange announced it will launch trading in fuel oil futures on August 25, a mov

Hopewell unveils Guangzhou development plan

Hopewell Holdings announced it would invest RMB 3 billion (US$361.4 million) in a property development

Third BOC HK executive under investigation

BOC Hong Kong (Holdings), the Hong Kong listed arm of Bank of China, disclosed that a third executive

PetroChina ends Shell, Exxon joint partnership

PetroChina will go it alone on the 4,000km West-East US$20 billion natural gas pipeline project, endin

Chalco cuts alumina price

Aluminium Corporation of China (Chalco) cut its alumina selling price by 12.8% in hopes of spurring sl

Except for Mercs, luxury car sales slump

Even well-sprung luxury motors have been feeling the speed bumps laid down by Beijing credit squeezers

Two more BOC executives interrogated

Bank of China Hong Kong said two top executives were being questioned about "unauthorised distribution

Sega lands on the mainland

Japanese games giant Sega Corporation said it would enter China's online games market and announced th

China surpasses Japan as India trade partner

India said China has surpassed Japan as its number one trade partner in the Northeast Asian region.

Shipbuilder aims to expand with private capital

China State Shipbuilding Corp said it hopes to fund expansion privately and avoid going to the public

It's official: HSBC buys a fifth of China's fifth bank

After all but officially confirming the acquisition at its annual general meeting in London, HSBC agre

Warning on short-term foreign debt

State Administration of Foreign Exchange (SAFE) head Guo Shuqing warned that short-term loans as a per

Ford Credit gets ok to issue car loans

Ford Motor reported that its credit unit received initial approval from the China Banking Regulatory C

Tighter soybean oil rules to limit imports

China said that, beginning October, it will halve the amount of solvent residues permissible in soybea

Taxes for short-stay working expats

Overseas nationals who stay for less than a year should pay income tax on any earnings made on the mai

China standard for digital cameras coming

The Ministry of Information Industry (MII) said it was trying to draw up a set of national standards f

Cinda plans distressed asset sale

China Cinda Asset Management Corp, which recently bought US$33.7 billion in bad loans from Bank of Chi

Coke piles up, as railways focus on power-plant deliveries

State media reported that transport bottlenecks were leaving three-week stockpiles of coke piled up in

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