China Business News back issues from July 2003:
Only financial institutions now allowed to confiscate fake money - new rules by central bank.
Jul 01, 2003 ... Only financial institutions now allowed to confiscate fake money - new rules by central bank Shanghai. July 1. INTERFAX-CHINA - China's central bank, the People's Bank of China (PBOC), released new regulations on the confiscation procedures for counterfeit money, under which, ...
Zhongtian Technology Fiber Optics develops self-patent non-dispersion single mode optical fiber.
Jul 01, 2003 ... Zhongtian Technology Fiber Optics develops self-patent non-dispersion single mode optical fiber Shanghai. July 1. INTERFAX-CHINA - Zhongtian Technologies Fiber Optics Co., an exclusively owned subsidiary of Shanghai-listed Zhongtian Technologies, one of the main optical fiber ...
Sinopec, Technip-Coflexip form strategic partnership.
Jul 01, 2003 ... Sinopec, Technip-Coflexip form strategic partnership Shanghai. July 1. INTERFAX-CHINA - Sinopec Group has signed a memorandum of understanding (MoU) with major French petrochemical engineering firm Technip-Coflexip in Beijing, Technip-Coflexip announced this Monday. The two ...
China's lubricant oil output decreases year on year by 7.7% in May.
Jul 01, 2003 ... China's lubricant oil output decreases year on year by 7.7% in May Shanghai. June 30. INTERFAX-CHINA -China produced 290,000 tons of lubricant oil in May, down 7.7% year on year. Total lubricant production in the first five months however, was up 4.3% year-on-year to 1.52 mln ...
UTStarcom secures USD 43 mln Xiaolingtong contract in Heilongjiang from China Netcom.
Jul 01, 2003 ... UTStarcom secures USD 43 mln Xiaolingtong contract in Heilongjiang from China Netcom Shanghai. July 1. INTERFAX-CHINA - UTStarcom, the largest wireless local loop equipment and handset vendor in China, secured another contract worth USD 43 mln with China's second largest ...
ZTE receives certificate for its GSM BSS from Germany's Rhine TE[pounds sterling]V.
Jul 01, 2003 ... ZTE receives certificate for its GSM BSS from Germany's Rhine TE[pounds sterling]V Shanghai. July 1. INTERFAX-CHINA - ZTE, one of China's major telecom equipment providers, has been awarded a certificate for its GSM BSS (base station system) by Germany's Rhine TE[pounds ...
China, South Korea, and Japan agree to standardize next-generation technologies.
Jul 01, 2003 ... China, South Korea, and Japan agree to standardize next-generation technologies Shanghai. July 1. INTERFAX-CHINA-China, South Korea, and Japan have established a mutual assistance agreement to standardize next-generation technologies in the three nations and collaborate in ...
SINA raises Q2 result guidance, to issue USD 80 mln zero couple convertible notes.
Jul 01, 2003 ... SINA raises Q2 result guidance, to issue USD 80 mln zero couple convertible notes Shanghai. July 1. INTERFAX-CHINA - NASDAQ-listed SINA, operator of China's most popular Internet portal, raised its revenues and earnings per share estimates for the fiscal quarter ending June 30, ...
Huawei to increase USD 100 mln investment in India in the following 2-3 years.
Jul 01, 2003 ... Huawei to increase USD 100 mln investment in India in the following 2-3 years Shanghai. July 1. INTERFAX-CHINA - Huawei Technologies, a China-based global telecom solution provider, has decided to budget an approximately USD 100 mln investment in India, mostly for its existing ...
Volume of imported digital cameras though Shanghai Port hit 194,000 units from Jan. to May.
Jul 01, 2003 ... Volume of imported digital cameras though Shanghai Port hit 194,000 units from Jan. to May Shanghai. June 30. INTERFAX-CHINA - The volume of imported digital cameras through Shanghai port hit 194,000 units during the period from January 2003 to May 2003, increasing by 5300% on ...
China has 288,737 dot-CN domain names as of May 31, CNNIC to open registration to individuals.
Jul 01, 2003 ... China has 288,737 dot-CN domain names as of May 31, CNNIC to open registration to individuals Shanghai. July 1. INTERFAX-CHINA - Following China's opening of registration of second-level domain names under dot CN this March, a total of 87,452 domain names has been registered ...
Construction of two 600,000 kW thermal power generator units begins in Henan.
Jul 01, 2003 ... Construction of two 600,000 kW thermal power generator units begins in Henan Shanghai. July 1. INTERFAX-CHINA - The construction of two 600,000 kw thermal power generator units, worth an investment of RMB 4.81 bln, began June 25, 2003 in Central China's Henan Province, according ...
WEP begins construction in Xinjiang's no-man's-land.
Jul 01, 2003 ... WEP begins construction in Xinjiang's no-man's-land Shanghai. July 1. INTERFAX-CHINA - China Oil & Gas Pipeline Bureau (Pipeline Bureau), a unit of China National Petroleum Corp. (CNPC), the largest oil producer in China, announced this week that construction had begun last ...
137-mln-kWh waste-to-energy project put into operation in Anhui.
Jul 01, 2003 ... 137-mln-kWh waste-to-energy project put into operation in Anhui Shanghai. July 1. INTERFAX-CHINA -The Wuhu Garbage Processing Power Plant in Wuhu city, of Central China's Anhui Province, has become fully operational, the Anhui government announced on its official website. The ...
Construction begins on two hydropower stations in Zhuxi County, Hubei province.
Jul 01, 2003 ... Construction begins on two hydropower stations in Zhuxi County, Hubei province Shanghai. July 1. INTERFAX-CHINA - The first phase of construction on the Zhoujiawan and Baiguoping hydropower stations in Zhuxi County, of Central China's Hubei province, began recently, according to ...
China to begin selling clean gasoline nationwide on July 1.
Jul 01, 2003 ... China to begin selling clean gasoline nationwide on July 1 Shanghai. July 1. INTERFAX-CHINA - After promoting cleaner gasoline use in Beijing, Shanghai and Guangzhou in 2000, China will now make sales of the so-called 'High-standard Clean Gasoline' mandatory nationwide on July ...
China's big cities accelerate steps toward digital TV program broadcasting.
Jul 01, 2003 ... China's big cities accelerate steps toward digital TV program broadcasting Shanghai. July 1. INTERFAX-CHINA - In accordance with the Chinese government's digital TV development strategy, outlined in its Tenth Five-year Plan, domestic local TV stations are expediting their steps ...
IISI: China's crude steel output surges 20.9% year-on-year to 18.449 mln tons in May.
Jul 01, 2003 ... IISI: China's crude steel output surges 20.9% year-on-year to 18.449 mln tons in May Shanghai. July 1. INTERFAX-CHINA - According to statistics compiled and released by the International Iron and Steel Institute (IISI), China produced 18.449 mln tons of crude steel in May this ...
Samsung to build IC chip R&D centers in China's Suzhou and Hangzhou.
Jul 01, 2003 ... Samsung to build IC chip R&D centers in China's Suzhou and Hangzhou Shanghai. July 1. INTERFAX-CHINA - South Korea's Samsung confirmed to Interfax that it had been approved by Chinese authorities to set up IC chip R&D centers in Suzhou and Hangzhou. The firm would not give more ...
CHALCO's Guangxi Branch completes the second phase of 400,000 ton alumina upgrade.
Jul 01, 2003 ... CHALCO's Guangxi Branch completes the second phase of 400,000 ton alumina upgrade Shanghai. July 1. INTERFAX-CHINA - As the sole domestic supplier of alumina in China, the Aluminum Corporation of China (Chalco) celebrated another big event on June 28 when the second phase of its ...
Shangdong Guoda finalizes deal to explore gold in North Korea.
Jul 01, 2003 ... Shangdong Guoda finalizes deal to explore gold in North Korea Shanghai. July 1. INTERFAX-CHINA - Leading Shangdong company, Shangdong Guoda Gold Co. (Guoda), has decided to invest in North Korea's mining industry, marking the first attempt by a domestic Chinese enterprise to do ...
Shengli Oilfield signs cooperative agreement with CAS LICP.
Jul 01, 2003 ... Shengli Oilfield signs cooperative agreement with CAS LICP Shanghai. July 1. INTERFAX-CHINA - Shengli, China's second largest oilfield, has recently inked an all-round cooperative agreement with the Lanzhou Institute of Chemical Physics (LICP), attached to the Chinese Academy of ...
IFCA president to personally run its Chinese operations.
Jul 02, 2003 ... IFCA president to personally run its Chinese operations Shanghai. July 2. INTERFAX-CHINA-Keng Yong, president of Information for Competitive Advantage (IFCA) Consulting Group, a leading business solutions provider in Malaysia, will personally oversee IFCA's operations in China ...
Smiths Aerospace opens new manufacturing facility in Suzhou.
Jul 02, 2003 ... Smiths Aerospace opens new manufacturing facility in Suzhou Shanghai. July 2. INTERFAX-CHINA-Smiths Aerospace, a multinational developer and manufacturer of civil and military aircraft and aircraft parts, has opened a new 66,000 sq. ft. aircraft engine components manufacturing ...
Ministry of Water Resources urges regional governments to regulate hydropower stations.
Jul 02, 2003 ... Ministry of Water Resources urges regional governments to regulate hydropower stations Shanghai. July 2. INTERFAX-CHINA -Regional governments have been ordered to strengthen control over hydropower sector, and will be held responsible for those projects within their jurisdiction ...
China pays average USD 6.64 per month welfare to 21.6 mln urban poor.
Jul 02, 2003 ... China pays average USD 6.64 per month welfare to 21.6 mln urban poor Shanghai. July 1. INTERFAX-CHINA - With lay-offs and an aging population creating a growing burden on state coffers -and the gap between rich and poor in China widening rapidly, regional governments in China ...
Aspen Tech awarded contract with CNOOC/Shell Petrochemical Complex.
Jul 02, 2003 ... Aspen Tech awarded contract with CNOOC/Shell Petrochemical Complex Shanghai. July 2. INTERFAX-CHINA - The U.S. software and services provider Aspen Technology, Inc. (Aspen Tech) has announced that it has been awarded a contract to supply seven operator training simulators for ...
Coal product output in Guizhou Province increases 60% in first five months.
Jul 02, 2003 ... Coal product output in Guizhou Province increases 60% in first five months Shanghai. July 2. INTERFAX-CHINA - The coal product output in southwestern China's Guizhou Province reached 25.32 mln tons by the end of May, a jump of 58.69% from the same period last year. Of the ...
"High-standard clean gasoline" replaces common unleaded gas as China's benchmark gasoline.
Jul 02, 2003 ... "High-standard clean gasoline" replaces common unleaded gas as China's benchmark gasoline Shanghai. July 2. INTERFAX-CHINA - A cleaner type of gasoline, with the commercial name of "High-standard Clean Gasoline" has replaced the previous common unleaded gas supplied at most ...
Taigang Stainless Steel to muscle into the ranks of global stainless steel leaders.
Jul 02, 2003 ... Taigang Stainless Steel to muscle into the ranks of global stainless steel leaders Shanghai. July 2. INTERFAX-CHINA - Shanxi Taigang Stainless Steel Co. Ltd. (Taigang), China's largest stainless steel producer, predicts that its stainless steel production will reach 700,000 tons ...
China's magnesium exports remain strong.
Jul 02, 2003 ... China's magnesium exports remain strong Shanghai. July 2. INTERFAX-CHINA - China's exports of six magnesium products, including pure magnesium ingot (with a grade of 99.8% plus), magnesium alloy, scrap magnesium, powdered magnesium, processed magnesium and deep processed ...
Antimony prices likely to remain strong due to State intervention.
Jul 02, 2003 ... Antimony prices likely to remain strong due to State intervention Shanghai. July 2. INTERFAX-CHINA - Antimony prices have risen sharply on international markets in 2003, jumping to around USD 2,400 per ton. Especially since March, the average export price for antimony oxide has ...
Zhejiang Southeast Electric Power to invest USD 39.27 mln in the Tankeng Hydropower project.
Jul 02, 2003 ... Zhejiang Southeast Electric Power to invest USD 39.27 mln in the Tankeng Hydropower project Shanghai. July 2. INTERFAX-CHINA - A source at the Zhejiang Southeast Electric Power Company Limited confirmed to Interfax that the company will raise RMB 325 mln (USD 39.27 mln) in funds ...
QQ blocking incident by Tencent arouses privacy concerns in China.
Jul 02, 2003 ... QQ blocking incident by Tencent arouses privacy concerns in China Shanghai. July 2. INTERFAX-CHINA - The recent issue of a user having her online chat QQ number blocked by Shenzhen Tencent has aroused great concern on information security within China's Internet industry. A ...
China produces 9.27 mln GSM handsets and 1.19 mln CDMA handsets in May - exclusive MII figures.
Jul 02, 2003 ... China produces 9.27 mln GSM handsets and 1.19 mln CDMA handsets in May - exclusive MII figures Shanghai. July 2. INTERFAX-CHINA - Chinese mobile phone manufacturers produced 9.2746 mln GSM handsets and 1.1955 mln CDMA handsets in May, according to the statistics Interfax ...
China Unicom (HK) leases additional CDMA network capacity of 2 mln users from Unicom Group.
Jul 02, 2003 ... China Unicom (HK) leases additional CDMA network capacity of 2 mln users from Unicom Group Shanghai. July 2. INTERFAX-CHINA - Hong Kong-listed China Unicom (HK), the listing arm of China's second largest wireless carrier China Unicom Group, told Interfax that it has leased a ...
UPDATE: Digital China becomes exclusive distributor of Great Wall PCs in China.
Jul 02, 2003 ... UPDATE: Digital China becomes exclusive distributor of Great Wall PCs in China Shanghai. July 2. INTERFAX-CHINA - Digital China, the largest IT product distributor in China, announced a strategic partnership with Shenzhen-listed Great Wall Computer Shenzhen Co., a notable ...
IFCA to ride its project cash flow management solutions and Push Technology into Chinese market.
Jul 02, 2003 ... IFCA to ride its project cash flow management solutions and Push Technology into Chinese market Shanghai. July 2. INTERFAX-CHINA- Information for Competitive Advantage (IFCA) Consulting Group, a leading business solutions provider in Malaysia, will use its project cash flow ...
Sinopec Guangzhou subsidiary processes 1.76 mln tons of crude in Q2.
Jul 02, 2003 ... Sinopec Guangzhou subsidiary processes 1.76 mln tons of crude in Q2 Shanghai. July 2. INTERFAX-CHINA - A source with the China Petroleum & Chemical Corporation Guangzhou Company, a petrochemical subsidiary of Sinopec in the southern city of Guangzhou, told Interfax that the ...
Nortel to provide next-generation packet voice, multimedia network to China Railcom.
Jul 02, 2003 ... Nortel to provide next-generation packet voice, multimedia network to China Railcom Shanghai. July 2. INTERFAX-CHINA - Nortel Networks, a major telecom equipment supplier to Chinese telecom operators, has been selected by China Railcom, a fixed-line telecom carrier, as the ...
HPE's USD 38.63 mln Bangladesh power plant contract to become effective.
Jul 02, 2003 ... HPE's USD 38.63 mln Bangladesh power plant contract to become effective Shanghai. July 2. INTERFAX-CHINA - Mr. Ma Lijun, an official with the Harbin Power Engineering Company Limited (HPE), a subsidiary of the Hong Kong-listed Harbin Power Plant Equipment Corporation (HPEC), ...
SMIC raises product price to cater to rising demand, confirms listing preparation.
Jul 02, 2003 ... SMIC raises product price to cater to rising demand, confirms listing preparation Shanghai. July 2. INTERFAX-CHINA - Semiconductor Manufacturing International Corp. (SMIC), which was reported to have raised its product prices last week, stressed in an interview with Interfax ...
Customs updates China's stainless steel import and export status.
Jul 02, 2003 ... Customs updates China's stainless steel import and export status Shanghai. July 2. INTERFAX-CHINA - Both China's imports and exports of stainless steel fell in May, according to the latest data released by China's General Administration of Customs. Total imports of ...
CNNIC files lawsuit against 3721 in Beijing.
Jul 02, 2003 ... CNNIC files lawsuit against 3721 in Beijing Shanghai. July 2. INTERFAX-CHINA - CNNIC (China Internet Network Information Center) has filed a civil infringement lawsuit against 3721 Company in the Beijing Haidai District People's Medium Court for RMB 200,000 (USD 24,000) ...
MOC launches anti-dumping investigation into optical fiber from U.S., Japan and South Korea.
Jul 02, 2003 ... MOC launches anti-dumping investigation into optical fiber from U.S., Japan and South Korea Shanghai. July 2. INTERFAX-CHINA - China's Ministry of Commerce (MOC) has begun an anti-dumping investigation into Dispersion Unshifted Single-Mode Optical Fiber (or G652 Single-Mode ...
Liaoning companies and SABIC agree on ethylene expansion project.
Jul 02, 2003 ... Liaoning companies and SABIC agree on ethylene expansion project Shanghai. July 2. INTERFAX-CHINA - The northeastern China-based industrial group, Dalian Shide, signed a agreement in principle with Saudi Arabia's Saudi Basic Industries Corp. (SABIC) on the expansion of an ...
Sichuan Province steel billet and rough forging exports surge 190% yoy during Jan-May period.
Jul 02, 2003 ... Sichuan Province steel billet and rough forging exports surge 190% yoy during Jan-May period Shanghai. July 2. INTERFAX-CHINA - Sichuan Province exported a total of 220,000 tons of steel billets and rough forgings, during the January to May period, a sharp jump of 190% compared ...
Tom acquires 64% interest in CETV from AOL Times Warner through 21 mln new share offering.
Jul 02, 2003 ... Tom acquires 64% interest in CETV from AOL Times Warner through 21 mln new share offering Shanghai. July 2. INTERFAX-CHINA - Hong Kong-listed Tom Group today announced acquisition of a 64% equity interest in China Entertainment Television Broadcast Ltd. (CETV) from AOL Times ...
Au99.95 gold July 2 daily price closes up 0.33%; Au99.99 gold 0.56% higher.
Jul 02, 2003 ... Au99.95 gold July 2 daily price closes up 0.33%; Au99.99 gold 0.56% higher Shanghai. July 2. INTERFAX-CHINA - On the Shanghai Gold Exchange (SGE), the Au99.95 gold closed Wednesday at RMB 93.33 (USD 11.27) per gram, edging up 0.33% compared to Tuesday, while the Au99.99 gold ...
Pangang's Chengdu Iron and Steel receives praise for latest technical advances.
Jul 02, 2003 ... Pangang's Chengdu Iron and Steel receives praise for latest technical advances Shanghai. July 2. INTERFAX-CHINA - Chengdu Iron and Steel Co. Ltd., a subsidiary of China's eighth largest steel producer, Panzhihua Iron and Steel Group (Pangang), announced that it passed the tests ...
Asia Aluminum Holdings to establish industrial park in Guangdong Province.
Jul 02, 2003 ... Asia Aluminum Holdings to establish industrial park in Guangdong Province Shanghai. July 2. INTERFAX-CHINA - As Asia's largest aluminum extruder, Hong Kong-based Asia Aluminum Holdings plans to launch a large-scale expansion of its operations in mainland China. Mr ....
Xinao Gas expects finalization of "take-or-pay" contracts for WEP in five cities by year-end.
Jul 02, 2003 ... Xinao Gas expects finalization of "take-or-pay" contracts for WEP in five cities by year-end Shanghai. July 2. INTERFAX-CHINA -Xinao Gas, mainland China's independent piped gas operator, expects "take-or-pay" contracts for the delivery of West East Pipeline (WEP) gas to five ...
Alcatel Shanghai Bell wins multiple telecom equipment contracts in China since June.
Jul 02, 2003 ... Alcatel Shanghai Bell wins multiple telecom equipment contracts in China since June Shanghai. July 2. INTERFAX-CHINA - Alcatel Shanghai Bell, a major telecom equipment vendor and also the largest joint venture of Alcatel in China, told Interfax that it has secured multiple ...
Aluminum and copper daily futures trade ends up marginally, tracking international markets.
Jul 02, 2003 ... Aluminum and copper daily futures trade ends up marginally, tracking international markets Shanghai. July 2. INTERFAX-CHINA - On the Shanghai Futures Exchange (SHFE), the aluminum and copper futures prices closed strongly on Wednesday July 2, according to figures Interfax ...
PetroChina's Daqing Petrochemical to refine 520,000 tons of crude oil in July.
Jul 02, 2003 ... PetroChina's Daqing Petrochemical to refine 520,000 tons of crude oil in July Shanghai. July 2. INTERFAX-CHINA - A source with the Daqing Refinery, a subsidiary of PetroChina's Daqing Petrochemical Company, confirmed to Interfax that the refinery plans to process 520,000 tons ...
Anniversary of Hong Kong's rejoining China marked.
Jul 02, 2003 ... Anniversary of Hong Kong's rejoining China marked HONG KONG. July 2 (Interfax-China) - Wen Jiabao, premier of the Chinese State Council, has completed his three-day visit to Hong Kong, the China Daily reported on Wednesday. Wen Jiabao timed his visit to coincide with the 6 th ...
Canada's APAC Minerals seals deal to participate in Guizhou's Nibao Gold Mine Project.
Jul 02, 2003 ... Canada's APAC Minerals seals deal to participate in Guizhou's Nibao Gold Mine Project Shanghai. July 2. INTERFAX-CHINA - Canada's APAC Minerals Inc. recently finalized an agreement with the Guizhou Geology Mineral Resources Exploitation Head Company and the Guizhou Qianxinan ...
NDRC adjusts aviation kerosene factory price.
Jul 02, 2003 ... NDRC adjusts aviation kerosene factory price Shanghai. July 2. INTERFAX-CHINA - China's National Development and Reform Commission (NDRC) has announced the new factory prices for each type of aviation kerosene produced in China after an adjustment made on June 10 in accordance ...
Mainland energy materials producer listed in HKGEM.
Jul 03, 2003 ... Mainland energy materials producer listed in HKGEM Shanghai. July 2. INTERFAX-CHINA - Shaanxi Northwest New Technology Industry Co. Ltd. (Northwest New Tech), a fuel oil additive producer, issued 230 mln H shares on the Hong Kong GEM (Growth Enterprise Market) at a placing price ...
West-east power transmission capacity expands 4.9 mln kW.
Jul 03, 2003 ... West-east power transmission capacity expands 4.9 mln kW Shanghai. July 3. INTERFAX-CHINA-The power transmission line from southwestern China's Guizhou Province to Guangdong Province in the southeast was put into full operation on June 30, 2003, increasing the west-east power ...
Russia re-opens border with China, Mongolia.
Jul 03, 2003 ... Russia re-opens border with China, Mongolia Moscow. July 2. (INTERFAX) - Russian Prime Minister Mikhail Kasyanov has signed a resolution reopening several checkpoints on the border with China and Mongolia, the governmental press service told journalists on Wednesday. ...
China Telecom (HK) confirms delay of network acquisition, still aims for completion by year end.
Jul 03, 2003 ... China Telecom (HK) confirms delay of network acquisition, still aims for completion by year end Shanghai. July 3. INTERFAX-CHINA - Hong Kong-listed China Telecom (HK), the listing arm of China's largest fixed-line telecom carrier China Telecom Group, confirmed to Interfax that ...
China Telecom reports 4.05 mln broadband users, buys USD 132 mln equipment from 9 vendors.
Jul 03, 2003 ... China Telecom reports 4.05 mln broadband users, buys USD 132 mln equipment from 9 vendors Shanghai. July 3. INTERFAX-CHINA - China Telecom, the largest fixed-line telecom carrier in China, announced an accumulated addition of 1.54 mln broadband Internet access subscribers in the ...
Huawei wins USD 5mln deal for GSM network in Kazan, Russia.
Jul 03, 2003 ... Huawei wins USD 5mln deal for GSM network in Kazan, Russia Moscow. June 2. INTERFAX - Tatincom-T, a Kazan-based D-AMPS standard mobile operator, has signed a contract with China's Huawei Technologies for the delivery of more than USD 5 mln worth of equipment for its new GSM-1800 ...
Changchun city lures investors with online fair.
Jul 03, 2003 ... Changchun city lures investors with online fair Shanghai. July 3. INTERFAX-CHINA-Changchun, capital of Jilin province in the northeastern region of China, is using the internet to attract investment. The city's government on Wednesday launched an online fair () that aims to both ...