|
|
 |
China to beat illegal MBO by enacting law
China is expected to clarify the legal responsibility of those who make State assets lost through management buyouts (MBO) in small and medium-sized State-owned enterprises at low prices.
Zhou: Interest rates to stay 'relatively low'
People's Bank of China Governor Zhou Xiaochuan said the country will keep interest rates "relatively low" to help boost consumer spending and eliminate a trade surplus that has led to tensions with Europe and the U.S.
China pursues gradual reform of RMB rate
In the exchange rate reform, the premier said, China should take account of its possible impact on the country's macro-economic stability, economic growth and job market, give consideration to the state of the financial system, the level of financial regulations, resilience of the enterprises and effect on foreign trade and keep an eye on the economic and financial performance of the neighboring countries and regions, and of the world as a whole.
First made-in-China cars sent to Europe
Japan's car-maker Honda Motor Co yesterday started to ship its made-in-China cars to Europe with Germany as the first destination. This is the first time cars have been exported from China to Europe. Honda plans to export 10,000 units of the Jazz hatchback to Europe this year, it said.
China trade war must be avoided - Greenspan
Federal Reserve Chairman Alan Greenspan urged Congress on Thursday to find a "less destructive" outlet for its frustration over China's trade and exchange-rate policies, saying a proposal to slap tariffs on Chinese imports would have "extraordinarily negative" consequences for the world economy.
China opposes EU probe into shoe imports
China has expressed strong opposition to an EU investigation into its shoe exports and accused Brussels of manipulating trade figures and causing trade friction.
China central banker: 'Time is not ripe' to drop yuan peg
China's central bank governor Zhou Xiaochuan said it's too soon to drop the decade-old yuan peg and that he has no plans to discuss the currency's link to the U.S. dollar at a weekend meeting of the world's central bankers in Basel, Switzerland.
Big tariffs vs China a bad idea for US - Fed chief, Snow
Raising tariffs against China for its refusal to let the yuan rise would hurt the U.S., Federal Reserve Chairman Alan Greenspan and Treasury Secretary John Snow told lawmakers Thursday.
China to fill petroleum reserve this year
China will start filling its first strategic petroleum reserve this year, China Central Television (CCTV) said Thursday amid efforts to ensure energy supplies for the country's booming economy.
China Mobile PTCL bid fails
China Mobile Communications has failed to bid for a controlling stake in Pakistan Telecommunication Company Ltd (PTCL), while competing with Emirates Telecommunications Corp (Etisalat) and SingTel.
Agreement sought in textile talks
Both China and the United States are treating formal consultations to reach agreement on the textile issue with caution.
Hyundai to set up US$1.2b China truck venture
Hyundai Motor's second attempt to enter China's truck and bus market will deepen the company's foothold in the world's third-largest vehicle market. South Korea's largest automaker aims to boost vehicle production in China to 1 million units -- or a fifth of its global output -- by 2010.
China looking west for energy supply
"More importantly, Xinjiang is far from the major oil markets on the east coast. High transportation costs will largely erode the profit margins of oil companies," the engineer who did not want to be named said yesterday in Beijing.
Chinese insurers approved to invest in overseas stocks
Chinese insurers would be able to use their foreign exchange capital to invest in overseas stocks, but only up to a maximum of 10 percent of their approved total quotas for foreign exchange investment, the regulator said.
Future of 'world's Shanghai' mapped out
Shanghai is trying to balance economic growth and environmental protection, a huge population and limited natural resources, the mayor said on Saturday during the meeting with delegates to the roundtable.
Taiwan to send frigate to defend fishermen
Taiwan will take the unprecedented step Tuesday of sending a frigate equipped with anti-ship missiles to defend Taiwanese fishermen who have been repeatedly chased from an area under dispute with Japan, a Taiwanese "lawmaker" said.
Price stability key to China's property market
A collapse of China's urban real estate market, which economists believe would be triggered by a six-month boycott, will have crushing implications on the Chinese economy.
Fund to boost electronic information industry
A special fund for the research and development of integrate circuits is being established to help facilitate the growth of China's electronic information companies, vice minister Lou Qinjian of Information Industry said on June 17 at a press conference.
China's income gap widened in the first quarter of the year
China's income gap widened in the first quarter of the year, with 10 percent of the nation's richest people enjoying 45 percent of the country's wealth, state press reports said.
75% colleges unaware of intellectual property rights (IPR) protection: survey in China
A large number of China's colleges and universities are unaware of their intellectual property rights, according to a recent survey.
New energy laws must be 'prudent'
Government officials and industry experts are warning policy-makers to be prudent in balancing the interests of different groups within the economy, as laws on renewable energy are introduced.
Futures firms move towards arbitrage
A Chinese official is reported to have revealed that the State Council will allow some futures companies to do a certain type of futures trading on the overseas market by cross-market arbitrage practices.
Tariff on China goods won't help US economy
U.S. Congress, led by Sens. Charles Schumer (D-NY) and Lindsey Graham (R-SC), appears headed on a collision course with China over trade. Ironically, the senators see imposing a tariff duty on inbound Chinese goods as a solution to U.S. economic woes, contrary to the spirit of global free trade.
US, China to begin talks on textile trade
The United States and China will hold initial consultations later on Thursday to try to reach an agreement to diffuse recent textile trade tensions, U.S. trade officials said.
Bank of America buys stake in China Construction Bank
Bank of America announced Friday that it will take a stake of about 9 percent in state-owned China Construction Bank, becoming the latest international lender to grab a strategic shareholding in China's banking market.
Caution is key to safe travel
The disappearance of Alabama teen Natalee Holloway in Aruba May 30 may have travelers and their loved ones looking closely at travel safety.
Spend summer travel time, money wisely
With rising prices for many travel services, the majority of leisure travelers this summer will be looking for ways to economize, according to the Travel Industry Association of America.
Fertilizer tariff hits exports
The export of fertilizer is forecast to abruptly slump just as production is increased under new policies to tighten regulation of the highly energy-dependent sector.
EU targets shoes for dumping claims
Chinese footwear is expected to be the next subject of anti-dumping charges from the European Union now that Chinese textiles have been liberated from the European bloc's safeguard measures.
Shanghai tackles food safety concerns
Shanghai's city government yesterday responded to a quality food scandal involving the city's dairy giant Bright Dairy & Food Co, promising to safeguard food safety.
Economic growth spurs language learning
One interesting side effect of China's dramatic economic development is that more and more people from foreign governments, educational institutions and enterprises are learning to speak Chinese.
Bewildered, Americans question free trade
For 60 years the United States has promoted free trade as a powerful way to generate prosperity at home and abroad. Trade tripled over the past 40 years as a proportion of the U.S. economy, thanks in part to eight successive global negotiations that opened markets by lowering trade barriers. Now, efforts to expand free trade rules are stalling from Congress to Europe and in an ongoing round of global negotiations.
Top foreign trader forging ahead
South China's Guangdong Province, the nation's leading foreign trader, reached an import and export volume of more than US$150.58 billion from January to May this year.
'Green Olympics' eyed for 2008 Beijing Games
Business leaders, industry insiders and government officials flocked to Beijing yesterday, brought together by two words: "Green Olympics."
Stock warrants may be issued
China is considering launching warrant certificates on the domestic stock market, which experts say might offer a new approach to the ongoing experiment of State share sales.
China halved income tax to boost market
China has temporarily halved income tax on dividends earned by individual investors, the Ministry of Finance announced yesterday, in a joint effort with other government departments to add life to the stock market.
Central bank cuts inflation forecast
China's central bank cut its 2005 inflation forecast, one day after data showed consumer price rises hovering at 19-month lows, suggesting an interest rate hike is not an immediate prospect.
Central Bank relaxes rules on trading bonds
China's central bank announced yesterday that non-financial institutions will now be able to trade bonds in the nation's 4.4 trillion yuan (US$530 billion) interbank bond market.
China steps up foreign exchange efforts
SHANGHAI, China -- China has stepped up its efforts to set up a more flexible foreign exchange regime, fearing that capital being kept overseas could flood back into the country, the central bank said Tuesday in its annual report.
Profits in China's auto sector slumped
Profits in China's auto sector slumped by more than half in the first four months of this year due to sluggish sales, tumbling vehicle prices and mounting costs, according to an industry organization.
Articles Archive: [ 1] [ 2] [ 3] [ 4] [ 5] [ 6] [ 7] [ 8] [ 9] [ 10] |
|
|
|