China Business News Archive

• China's mobile phone export value doubled
  Updated: 2004-08-31
  China, the world's biggest exporter of mobile phones, saw a 104.9 percent increase in the value of its mobile phone export, which stood at US$7.15 billion in the January-July period this year, the Ministry of Commerce said Monday.
• Furniture makers seek MOI status
  Updated: 2004-08-31
  Chinese furniture markers are seeking status as a market oriented industry (MOI) in anti-dumping cases initiated by United States.
• Textiles warn of price war damage
  Updated: 2004-08-23
  Major textile companies and organizations said a mechanism to control export prices should be set up to prevent malicious price competition after quotas are removed in 2005.
• TV producers export more high-end sets
  Updated: 2004-08-20
  Domestic colour TV set producers are exporting more high-end TV sets as low-end sets have been barred by anti-dumping tariffs.

• Further opening in banking sector pledged
  Updated: 2004-09-09
  A top Chinese banking regulator said Wednesday foreign banks have become an important part of the nation's banking industry, pledging to further open up the local market to facilitate their growth.
• Bank to further replenish capital base
  Updated September 8, 2004
  China Construction Bank, one of the country's four largest State-owned banks, said yesterday it plans to issue a second group of subordinated debt shortly to replenish its capital base ahead of a planned initial public offering.
• Gold bourse outlines new targets
  Updated: 2004-09-07
  Shanghai Gold Exchange (SGE), China's sole gold transaction market, is to speed up progress to achieve the level of international markets by upgrading systems and developing new products.
• Banks' investment in funds unlikely
  Updated: 2004-09-06
  China's securities regulator has denied talks of an entry of commercial banks into the fund management business because of legal obstacles and risk concerns.
• State to supervise telecoms fee system
  Updated: 2004-09-02
  An independent supervision organization, the State Tele-communications Management Commission, is planned to supervise the country's telecommunications fee system, industry experts say.
• Price rise sparks inflation concerns
  Updated: 2004-08-30
  A number of economists are expressing concerns that the Beijing local government's decision to increase electricity prices will add to inflationary pressures and be too costly for many residents.
• Bank of China turns into joint stock firm
  Updated: 2004-08-25
  The Bank of China, the nation's largest foreign exchange bank, will reorganize itself into a joint stock company Thursday.
• Managers issuing first LOF
  Updated: 2004-08-23
  China's first Listed Open-ended Fund (LOF) will be issued by Southern Fund Management Co tomorrow.
• Comment: Time to rethink monetary policy
  Updated: 2004-08-22
  Like it or not, the US Federal Reserve's second interest rate hike since June will reignite debate in China about the need for the People's Bank of China (PBOC) to take similar action.
• Private commercial bank opens for business
  Updated: 2004-08-19
  Zhejiang Province's first private commercial bank officially opened its business yesterday in Hangzhou, the capital city of East China's Zhejiang Province. As the 12th joint-stock banks in the country, Zheshang Bank, opened with registered capital of more than 1.5 billion yuan (US$181.2 million).
• Central bank enhances monetary policy
  Updated: 2004-08-15
  While gradualism is the essence of the People's Bank of China (PBOC)'s long-term strategy to revamp the country's monetary policy framework, there is a certain niftiness about the central bank's latest moves to fine-tune its open-market operations.
• China: Crop trade deficit recorded for 1st time
  Updated: 2004-08-20
  China logged a staggering agriculture trade deficit in the first half of this year, importing US$3.73 billion more than it exported, indicated the latest statistics from the Ministry of Agriculture.
• WTO: China, India to dominate textiles
  August 12, 2004
  China and India are expected to dominate world trade in textiles and clothing starting next year when the United States and other industrial countries have to remove restrictions on imports, according to a World Trade Organization report released Thursday.
• China to import less soybean in 2004-2005
  Updated: 2004-08-11
  An official with the State Cereal and Oil Information Center (SCOIC) predicted that China will import less soybean in 2004-2005 than in the previous year.

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