China Business News back issues from September 2003:
General engine for online gaming enters China's national high-tech R&D Program.
Sep 01, 2003 ... General engine for online gaming enters China's national high-tech R&D Program Shanghai. September 1. INTERFAX-CHINA - Two research projects into general engines for online games and the development of a prototype have been formally introduced as part of China's 863 Program, a ...
New regulation to protect environment comes into effect.
Sep 01, 2003 ... New regulation to protect environment comes into effect Shanghai. September 1. INTERFAX-CHINA - A new system to assess the impact of economic development on the environment, launched by China's State Council, comes into effect today. The newly launched Environmental ...
Sinopec head visits Iran to discuss co-operation.
Sep 01, 2003 ... Sinopec head visits Iran to discuss co-operation Shanghai September 1. INTERFAX-CHINA - Sinopec Group Senior Vice President Mou Shulin visited Iran in the final week of August and met with the director and acting General Manager of the National Iranian Oil Company (NIOC), the ...
CNOOC to set up oil-trading JV with Sinopec.
Sep 01, 2003 ... CNOOC to set up oil-trading JV with Sinopec Shanghai. September 1. INTERFAX-CHINA -China National Offshore Oil Corp., China's dominant offshore oil producer, may set up a joint venture with the China Petroleum and Chemical Corp. (Sinopec) to help import its overseas production. ...
Ministry of Commerce imposes anti-dumping tariffs on imported PA.
Sep 01, 2003 ... Ministry of Commerce imposes anti-dumping tariffs on imported PA Shanghai. September 1. INTERFAX-CHINA -The Ministry of Commerce has begun to impose anti-dumping duties of up to 66% on imported purified anhydride acid (PA) from South Korea, Japan and India, the Ministry said in ...
Industry output value of China's 40 key state metallurgical firms up 13% to USD 20.8 bln in Jan-July.
Sep 01, 2003 ... Industry output value of China's 40 key state metallurgical firms up 13% to USD 20.8 bln in Jan-July Shanghai. September 1. INTERFAX-CHINA - During the first seven months of this year, China's 40 major state-owned metallurgical enterprises realized RMB 172.31 bln (USD 20.8 bln) ...
CNBS: Growth in factory prices remains flat in July, up 1.4% yoy.
Sep 01, 2003 ... CNBS: Growth in factory prices remains flat in July, up 1.4% yoy Shanghai. September 1. INTERFAX-CHINA - Statistics released by China's National Bureau of Statistics (NBS) indicate that the country's factory prices for industry output value registered a 1.4% growth compared to ...
China raises cross-border forex limits for residents.
Sep 01, 2003 ... China raises cross-border forex limits for residents Shanghai. September 1. INTERFAX-CHINA - China's State Administration of Foreign Exchange (SAFE) announced last Friday that it would raise the cap on the amount of hard currency domestic residents can take abroad as of ...
Sino Gold upgrades China's largest undeveloped gold deposit by 44.4%.
Sep 01, 2003 ... Sino Gold upgrades China's largest undeveloped gold deposit by 44.4% Shanghai. September 1. INTERFAX-CHINA - Australian-listed Sino Gold Ltd., China's only foreign gold producer, remains confident of further resource increases, after upgrading the resource estimate at its ...
Shanghai Port imports 115,000 tons of aluminum and aluminum products in Jan-July.
Sep 01, 2003 ... Shanghai Port imports 115,000 tons of aluminum and aluminum products in Jan-July Shanghai. September 1. INTERFAX-CHINA - During the first seven months of this year, Shanghai's ports handled a combined 115,000 tons of imported unwrought aluminum and aluminum products, ...
Baoji Titanium Industry reports 1H03 net profit jump of 40.11% yoy.
Sep 01, 2003 ... Baoji Titanium Industry reports 1H03 net profit jump of 40.11% yoy Shanghai. September 1. INTERFAX-CHINA - Baoji Titanium Industry Co. Ltd. (Baoti), China's largest titanium products producer, posted an increased net profit of RMB 28.8 mln (USD 3.48 mln), up from RMB 20.56 mln ...
Laiwu Steel's interim net profits surge 39% yoy to USD 29.72 mln.
Sep 01, 2003 ... Laiwu Steel's interim net profits surge 39% yoy to USD 29.72 mln Shanghai. September 1. INTERFAX-CHINA - Shanghai-listed Laiwu Steel Corporation (LS), China's seventeenth largest steel maker, located at Laiwu City in eastern China's Shandong Province, generated RMB 2.46 mln ...
PetroChina, Shell say WEP negotiations still on track.
Sep 01, 2003 ... PetroChina, Shell say WEP negotiations still on track Shanghai September 1. INTERFAX-CHINA - PetroChina told Interfax on Monday that the discussions between PetroChina and the foreign consortium regarding China's West East Pipeline (WEP) Project are still ongoing, denying media ...
China and Thailand launch joint hydropower project in Yunnan.
Sep 01, 2003 ... China and Thailand launch joint hydropower project in Yunnan Shanghai. September 1. INTERFAX-CHINA - The feasibility studies into the Jinghong Hydropower Project in southwestern China's Yunnan Province, handled jointly by China and Thailand, were approved by the Central ...
Beijing Culture Bureau licenses four companies to operate Internet bar chains in capital city.
Sep 01, 2003 ... Beijing Culture Bureau licenses four companies to operate Internet bar chains in capital city Shanghai. September 1. INTERFAX-CHINA - The Beijing Culture Bureau has selected four companies, among many candidates, to be licensed to operate Internet bar chains in Beijing after a ...
Chalco reports net profit surge of 175% in 1H03.
Sep 01, 2003 ... Chalco reports net profit surge of 175% in 1H03 Shanghai. September 1. INTERFAX-CHINA - The Aluminum Corporation of China Limited (Chalco), China's leading alumina and aluminum producer, released its interim report for the first half of 2003, showing a net profit surge of 175% ...
China's only jet fuel provider purchases USD 3 bln insurance policy.
Sep 01, 2003 ... China's only jet fuel provider purchases USD 3 bln insurance policy Shanghai. September 1. INTERFAX-CHINA - China Aviation Oil Holding Co., the sole jet fuel provider in China, has recently purchased an insurance policy from PICC Property and Casualty Co. Ltd. to secure cover ...
China reiterates joint exploration of oil in South China Sea, little optimism from industry insiders.
Sep 01, 2003 ... China reiterates joint exploration of oil in South China Sea, little optimism from industry insiders Shanghai September 1. INTERFAX-CHINA - China put emphasis on peaceful joint exploration and development of oil resources in the South China Sea, specifically the "Nansha" or ...
Praxair and Air Liquide to supply industrial gases for Shanghai Chemical Industry Park.
Sep 01, 2003 ... Praxair and Air Liquide to supply industrial gases for Shanghai Chemical Industry Park Shanghai. September 1. INTERFAX-CHINA -U.S.-based Praxair Inc and France's Air Liquide, the world's two leading industrial gas suppliers, recently held a groundbreaking ceremony for an air ...
Silver market ends mixed.
Sep 01, 2003 ... Silver market ends mixed Shanghai. September 1. INTERFAX-CHINA - In today's trading on the Shanghai White Platinum and Silver Exchange, silver prices were mixed. Most varieties ended slightly higher compared with last Friday, although two varieties with delivery ...
Sanmenxia and Xiaolangdi face flood.
Sep 01, 2003 ... Sanmenxia and Xiaolangdi face flood Shanghai. September 1. INTERFAX-CHINA - Since August 24, the middle reaches of the Yellow River have been experiencing heavy downpours, and floods have emerged on the tributaries of the river. The water level at Hua County in the Shaanxi ...
CNPC finalizes Sudan contracts.
Sep 01, 2003 ... CNPC finalizes Sudan contracts Shanghai September 1. INTERFAX-CHINA - China's largest oil company, CNPC, signed a number of oil deals with the African country of Sudan at the end of last week, including the construction of a 750-km oil transmission pipeline to the Sudan capital ...
Huozhou constructs new power plant.
Sep 01, 2003 ... Huozhou constructs new power plant Shanghai. September 1. INTERFAX-CHINA - The Shanxi Zhaoguang Power Generation Co., Ltd launched a project recently, involving two 300,000 kW generator units to be built in the city of Huozhou in northern China's Shanxi Province, an official ...
Hangzhou Futong Showa to launch IPO on September 4.
Sep 01, 2003 ... Hangzhou Futong Showa to launch IPO on September 4 Shanghai. September 1. INTERFAX-CHINA - Hangzhou Futong Showa Optical Communication Co., Ltd., a Sino-Japanese optical communication equipment manufacturer based in Hangzhou, provincial capital of eastern China's Zhejiang ...
China's TD-SCDMA/GSM dual mode handset to be launched to market by the end of 2004.
Sep 01, 2003 ... China's TD-SCDMA/GSM dual mode handset to be launched to market by the end of 2004 Shanghai. September 1. INTERFAX-CHINA - T3G Technology Co, a joint venture between Datang Mobile, Royal Philips Electronics and Samsung Electronics, specializing in the R&D of duel TD-SCDMA/GSM ...
Chinese version of Microsoft Office System to be launched by the end of this year.
Sep 01, 2003 ... Chinese version of Microsoft Office System to be launched by the end of this year Shanghai. September 1. INTERFAX-CHINA - Microsoft's Office System, a combination of Microsoft's traditional office software and newly developed components, will be launched by Microsoft on October ...
Tom.com evaluates dual spin-off listing in United States and Hong Kong.
Sep 01, 2003 ... Tom.com evaluates dual spin-off listing in United States and Hong Kong Shanghai. September 1. INTERFAX-CHINA - Hong Kong's GEM-listed TOM.COM, a major integrated Internet portal in China, is evaluating the feasibility of a dual spin-off listing in the United States and Hong ...
Shusheng and Redflag begin collaborations in e-government-oriented office software systems.
Sep 01, 2003 ... Shusheng and Redflag begin collaborations in e-government-oriented office software systems Shanghai. September 1. INTERFAX-CHINA - Beijing Shusheng Technology Co, a mainland Chinese software developer specializing in the e-DOC field, and Redflag Chinese 2000 Software Technology ...
Marketing plan for Beijing 2008 Olympics Games officially launched.
Sep 01, 2003 ... Marketing plan for Beijing 2008 Olympics Games officially launched Shanghai. September 1. INTERFAX-CHINA - The Beijing Organizing Committee for the Games of the XXIX Olympiad (BOCOG) announced the launch of the Beijing 2008 Marketing Plan officially today to over 600 domestic ...
Medgyessy sees Hungary as regional bridgehead for China, urges more investments.
Sep 02, 2003 ... Medgyessy sees Hungary as regional bridgehead for China, urges more investments Budapest. September 1. INTERFAX-EUROPE - Prime minister Peter Medgyessy offered Hungary, which will join the EU next May, as a regional bridgehead for China developing its trade relations with Europe ...
Update: Hangzhou Futong Showa postpones IPO launch.
Sep 02, 2003 ... Update: Hangzhou Futong Showa postpones IPO launch Shanghai. September 2. INTERFAX-CHINA - Hangzhou Futong Showa Optical Communication Co., Ltd., a Sino-Japanese optical communications equipment manufacturer based in Hangzhou, provincial capital of eastern China's Zhejiang ...
China Netcom and Asia Netcom complete interconnection of networks.
Sep 02, 2003 ... China Netcom and Asia Netcom complete interconnection of networks Shanghai. September 2. INTERFAX-CHINA - China Netcom and Asia Netcom have completed interconnectivity of their two networks and have also reached an agreement that will bring Asia Netcom's portfolio of services ...
Boda and Sina jointly launche Foxmail 5.0.
Sep 02, 2003 ... Boda and Sina jointly launche Foxmail 5.0 Shanghai. September 2. INTERFAX-CHINA - Boda Internet Technology, a domestic software developer, has launched Foxmail 5.0, the latest version of the company's popular Internet email client software in partnership with Sina, a leading ...
Sinopec Shengli Dynamic made 19% more profit in 1H.
Sep 02, 2003 ... Sinopec Shengli Dynamic made 19% more profit in 1H Shanghai September 2. INTERFAX-CHINA - Shengli Dynamic, a small oil producer controlled by the Sinopec Corporation, announced that its net profits in the first half of 2003 were up 18.85% to a total of RMB 85.13 mln (USD 10.3 ...
Konka to stop production of black/white screen mobile phones.
Sep 02, 2003 ... Konka to stop production of black/white screen mobile phones Shanghai. September 2. INTERFAX-CHINA - Konka Communications, the mobile phone arm of Shenzhen-listed Konka Group, confirmed to Interfax that it would stop production of low-end black/white screen mobile phones, and ...
Topsoft sees downturn in H1 2003, net profits dip by 83.35% to USD 700,000.
Sep 02, 2003 ... Topsoft sees downturn in H1 2003, net profits dip by 83.35% to USD 700,000 Shanghai. September 2. INTERFAX-CHINA - Shenzhen-listed Sichuan Topsoft Investment Co., Ltd., a Chinese IT conglomerate, recorded sharp decreases in both sales revenue and net profits in the first half of ...
Towngas holds equity in 16 Mainland gas projects.
Sep 02, 2003 ... Towngas holds equity in 16 Mainland gas projects Shanghai September 2. INTERFAX-CHINA - As active participants in both the Guangdong LNG terminal and the West East Gas Pipeline, two of mainland China's leading gas infrastructure projects, Hong Kong's top gas utility, the Hong ...
China's PC server market grows by 11% to USD 378 mln in Q2 2003.
Sep 02, 2003 ... China's PC server market grows by 11% to USD 378 mln in Q2 2003 Shanghai. September 2. INTERFAX-CHINA - China's PC server market recorded sales of USD 378 mln in the second quarter of 2003, representing a year-on-year 11% growth. This figure constitutes 31% of total sales on ...
China's 13 metallurgy and energy-related industries all saw Jan-July revenue growth.
Sep 02, 2003 ... China's 13 metallurgy and energy-related industries all saw Jan-July revenue growth Shanghai. September 2. INTERFAX-CHINA - According to statistics compiled and published by China's National Bureau of Statistics (NBS), China's 13 metallurgy and energy-related sectors each ...
CITIC Guoan Gold procures Buerhesidai Gold Project in Xinjiang.
Sep 02, 2003 ... CITIC Guoan Gold procures Buerhesidai Gold Project in Xinjiang Shanghai. September 2. INTERFAX-CHINA - Beijing-based CITIC Guoan Gold Co. Ltd. recently concluded an agreement to explore the Buerhesidai Gold Mine in Jimunai, a county in the northwestern part of China's ...
PetroChina prepared WEP source gas field for 2005 delivery.
Sep 02, 2003 ... PetroChina prepared WEP source gas field for 2005 delivery Shanghai September 2. INTERFAX-CHINA - PetroChina started the construction of gas processing and distribution facilities at a major source for the West East Pipeline Project in west China's Tarim Basin, Xinjiang at the ...
Insiders banned from investing in power sector.
Sep 02, 2003 ... Insiders banned from investing in power sector Shanghai. September 2. INTERFAX-CHINA - In a bid to stamp out corruption and irregularities, the National Development and Reform Commission and the Ministry of Finance have recently released an urgent joint circular, detailing ...
Thai coal company invests in China.
Sep 02, 2003 ... Thai coal company invests in China Shanghai. September 2. INTERFAX-CHINA - On August 26, the BP Overseas Development Co., Ltd., a wholly owned subsidiary of Thailand's biggest coal mining enterprise, the Asian Energy Group Banpu Public Company Limited, signed an agreement to buy ...
Russia to hold WTO accession talks with China in September.
Sep 02, 2003 ... Russia to hold WTO accession talks with China in September Moscow. September 2. INTERFAX - The third round of Russian-Chinese negotiations on Russia's bid to join the World Trade Organization (WTO) and on mutual trade has been scheduled for September 20-21 by the decision of a ...
Dongyuan Coal Industry Group Corporation to expand output.
Sep 02, 2003 ... Dongyuan Coal Industry Group Corporation to expand output Shanghai. September 2. INTERFAX-CHINA - In order to increase coal production capacity, the Yunnan-based Dongyuan Coal Industry Group Corporation started two coal-well constructions in the prefecture of Qujing in the ...
Qingdao gas stations expected to reduce air pollution.
Sep 02, 2003 ... Qingdao gas stations expected to reduce air pollution Shanghai. September 2. INTERFAX-CHINA - The Qingdao Environmental Protection Bureau has launched a promotional campaign in the coastal city of eastern China's Shandong Province to gradually upgrade existing facilities in 786 ...
China Netcom launches fixed-line services in Shanghai charging similar rates as China Telecom.
Sep 02, 2003 ... China Netcom launches fixed-line services in Shanghai charging similar rates as China Telecom Shanghai. September 2. INTERFAX-CHINA - China Netcom Corporation Ltd. (CNC), an independent unit of China Netcom Group, the second largest fixed-line carrier in China, has officially ...
Shanghai Industrial: SMIC to turn profitable in H2, 2003 and go public in H1, 2004.
Sep 02, 2003 ... Shanghai Industrial: SMIC to turn profitable in H2, 2003 and go public in H1, 2004 Shanghai. September 2. INTERFAX-CHINA - Hong Kong-listed Shanghai Industrial, which now holds a 16.2% stake in Semiconductor Manufacturing International Corp. (SMIC), anticipates that SMIC will ...
China's imports of chromium ore soar 87.76% yoy to 982,222.25 tons in first seven months.
Sep 02, 2003 ... China's imports of chromium ore soar 87.76% yoy to 982,222.25 tons in first seven months Shanghai. September 2. INTERFAX-CHINA - During the first seven months of the year, China imported 980,225.25 tons of chromium ore, a significant rise of 87.76% year-on-year. ...
Gansu Rare Earth brings high-performance polishing powder production line on-steam.
Sep 02, 2003 ... Gansu Rare Earth brings high-performance polishing powder production line on-steam Shanghai. September 2. INTERFAX-CHINA - The Gansu Rare Earth Group (GREG), Asia's largest and the world's third largest rare earth producer, recently put its 1,200-ton high-performance rare earth ...
Baosteel to provide 400,000 tons of steel products for Donghai Bridge project.
Sep 02, 2003 ... Baosteel to provide 400,000 tons of steel products for Donghai Bridge project Shanghai. September 2. INTERFAX-CHINA - Shanghai-based Baoshan Iron and Steel Group (Baosteel), China's largest steel manufacturer, announced that it will provide an aggregate 400,000 tons of steel ...
CNPC taps into Ecuador resources.
Sep 02, 2003 ... CNPC taps into Ecuador resources Shanghai September 2. INTERFAX-CHINA - China's top oil producer CNPC signed a letter of intent with Ecuador on the upstream exploration and development of oil in the South American country at the end of August, hoping not only to tap more oil ...
Pingdingshan plans for laying urban pipes for WEP gas.
Sep 02, 2003 ... Pingdingshan plans for laying urban pipes for WEP gas Shanghai. September 2. INTERFAX-CHINA - Pingdingshan, a city in central China's Henan Province, may launch a RMB 225 mln (USD 27.18 mln) project in October to lay pipelines in urban areas for the upcoming natural gas ...
Huadian concludes two agreements for Yunnan power projects.
Sep 02, 2003 ... Huadian concludes two agreements for Yunnan power projects Shanghai. September 2. INTERFAX-CHINA - On August 28, one of the five power giants of the country, the China Huadian Group Corporation, signed an agreement with the municipal government of Zhaotong City at the Kunming ...
WISCO signs 25 year, 75 mln ton supply deal with Australia's Hamersley Iron Ore.
Sep 02, 2003 ... WISCO signs 25 year, 75 mln ton supply deal with Australia's Hamersley Iron Ore Shanghai. September 2. INTERFAX-CHINA - Wuhan Iron and Steel (Group) Corporation (WISCO), China's fourth largest steelmaker, signed a framework agreement on August 7 to procure 75 mln tons of iron ...
Baosteel South Trade Co joins hands with Gaoming Jiye Co. to add cold rolled capacity.
Sep 02, 2003 ... Baosteel South Trade Co joins hands with Gaoming Jiye Co. to add cold rolled capacity Shanghai. September 2. INTERFAX-CHINA - Guangdong-based Gaoming Jiye Co. last week formed a strategic alliance with Baosteel South Trade Co., the trading arm of Baosteel International Trading ...
Baotou Iron & Steel Group launches 1 mln ton cold rolled sheet production line.
Sep 02, 2003 ... Baotou Iron & Steel Group launches 1 mln ton cold rolled sheet production line Shanghai. September 2. INTERFAX-CHINA - The Baotou Iron & Steel Group Co (Baogang), based at Baotou City in northern China's Inner Mongolian Autonomous Region, launched a 1 mln ton cold rolled steel ...
Handan Iron & Steel successfully completes hot rolled galvanized sheet line trials.
Sep 02, 2003 ... Handan Iron & Steel successfully completes hot rolled galvanized sheet line trials Shanghai. September 2. INTERFAX-CHINA - Shanghai-listed Handan Iron & Steel Co (Hangang) successfully completed trials of a new 300,000-ton hot rolled galvanized steel sheet production line on ...
Tengtu wins contract to implement e-education system in Anhui Province.
Sep 03, 2003 ... Tengtu wins contract to implement e-education system in Anhui Province Shanghai. September 3. INTERFAX-CHINA - The Provincial Education Commission of Anhui Province, located in eastern China, has awarded the contract for its Education Resource Center to Toronto listed Tengtu ...
China "not disappointed" with N. Korea talks.
Sep 03, 2003 ... China "not disappointed" with N. Korea talks BEIJING. Sept 3 (Interfax-China) - Beijing is not disappointed with the six-nation talks held last week on the North Korean nuclear problem and hopes for their continuation. The spokesman for the Chinese foreign ministry ...
Mutual trust key to settlement on N. Korea issue- China.
Sep 03, 2003 ... Mutual trust key to settlement on N. Korea issue- China DUSHANBE. Sept 2 (Interfax) - China's foreign minister has stated that the absence of deep mutual trust between North Korea and the U.S. is hampering the settlement of the North Korean nuclear problem. "The U.S ....
Russia to increase rail exports of oil to China.
Sep 03, 2003 ... Russia to increase rail exports of oil to China MOSCOW. Sept 3 (Interfax-China) - Russia plans to considerably increase oil exports to China by railway in 2004, First Deputy Railways Minister Khasyan Zyabirov has announced. "The increase is envisioned in contracts to ...
PetroChina and Sinopec to invest in new gas discoveries in western China.
Sep 03, 2003 ... PetroChina and Sinopec to invest in new gas discoveries in western China Shanghai. September 3. INTERFAX-CHINA - PetroChina Co. and the China Petroleum and Chemical Corp. (Sinopec) will invest a combined RMB 10 bln (USD 1.21 bln) to prospect a large natural gas field on the ...
Huadian to select site in Yongzhou for new power project.
Sep 03, 2003 ... Huadian to select site in Yongzhou for new power project Shanghai. September 3. INTERFAX-CHINA - Since late August, experts from the Hunan Provincial Prospecting & Design Institute have been conducting research around the city of Yongzhou, trying to select a location for the ...
Saishitang Copper Mine comes on stream in Qinghai.
Sep 03, 2003 ... Saishitang Copper Mine comes on stream in Qinghai Shanghai. September 2. INTERFAX-CHINA - The Saishitang Copper Mine went into operation on August 26 in the Xinghai County, in northwestern China's Qinghai Province, after spending around two years under construction. ...