China Business News back issues from January 2007:
Cirrus acquires Caretta for $10.5 million.
Jan 04, 2007 ... Cirrus acquires Caretta for $10.5 million Shanghai. January 4. INTERFAX-CHINA - Cirrus Logic Inc announced it has acquired Shanghai-based fabless integrated circuit design company Caretta for $10.5 million. The Nasdaq-listed Cirrus now owns all stock in Caretta. The ...
Chalco to build 800,000-ton alumina smelting project in Chongqing.
Jan 04, 2007 ... Chalco to build 800,000-ton alumina smelting project in Chongqing Shanghai. January 4. INTERFAX-CHINA - Chalco will begin construction of an 800,000-ton alumina smelting project after winning approval from the National Development and Reform Commission yesterday, according to ...
Jiangxi Copper shifts mining operations to extend Yonping's life.
Jan 04, 2007 ... Jiangxi Copper shifts mining operations to extend Yonping's life Shanghai. January 4. INTERFAX-CHINA - Jiangxi Copper Co. Ltd., China's second largest copper smelter, will shift from open cast to underground mining at its Yongping copper mine to prolong the facility's ...
China's futures trading turnover hits $2.69 trillion in 2006.
Jan 04, 2007 ... China's futures trading turnover hits $2.69 trillion in 2006 Shanghai. January 4. INTERFAX-CHINA - China's three commodities exchanges in Shanghai, Dalian and Zhengzhou had an aggregate trading turnover of RMB 21 trillion ($2.69 trillion) last year, according to the China ...
Bank TuranAlem projects a subsidiary bank in China this year.
Jan 04, 2007 ... Bank TuranAlem projects a subsidiary bank in China this year Almaty. January 4. (Interfax-Kazakhstan) - Kazakhstan-based commercial Bank TuranAlem (BTA) plans to launch its subsidiary bank in China this year. "We plan to open a bank in China this year," Vice Chief ...
China's software industry revenue up 23 percent annually in 2006.
Jan 04, 2007 ... China's software industry revenue up 23 percent annually in 2006 Shanghai. January 4. INTERFAX-CHINA - China's software industry generated revenues of RMB 480 billion ($60.8 billion) in 2006, up 23 percent from a year earlier, according to state media. Embedded ...
Gold down and platinum up in Shanghai.
Jan 04, 2007 ... Gold down and platinum up in Shanghai Shanghai. January 4. INTERFAX-CHINA - Au99.95 closed at RMB 158.29 ($20.27) per gram today, down 0.634 percent from the previous trading day. Trade volume on this form of gold hit 2,540 kilograms today. Au99.99 ended at RMB 158.58 ...
Physical development of children improves markedly in China - report.
Jan 04, 2007 ... Physical development of children improves markedly in China - report Shanghai. January 4. INTERFAX-CHINA - The physical development of Chinese children has advanced markedly in the past ten years, according to the fourth national survey on child health issued this week by the ...
Kazakh official leads SCO (repeat).
Jan 04, 2007 ... Kazakh official leads SCO (repeat) Astana. January 4. (Interfax-Kazakhstan) - A representative of Kazakhstan Bolat Nurgaliev assumed the office of the Secretary General of the Shanghai Cooperation Organization (SCO) on Jan 1. Earlier this office was called Executive ...
Chinese stocks hit new high before a late session profit-taking.
Jan 04, 2007 ... Chinese stocks hit new high before a late session profit-taking Shanghai. January 4. INTERFAX-CHINA - Chinese equities hit new highs in the first trading day of the new year before a late-0session profit taking trimmed some gains. The benchmark Shanghai composite ...
Ministry warns consumers of telecom billing traps.
Jan 04, 2007 ... Ministry warns consumers of telecom billing traps Shanghai. January 4. INTERFAX-CHINA - China's Ministry of Information Industry recently issued a warning to Chinese consumers about the billing traps in telecom value-added services and long-distance call- savings plans. ...
Large experimental bio oil project underway in Anhui Province.
Jan 04, 2007 ... Large experimental bio oil project underway in Anhui Province Shanghai. January 4. INTERFAX-CHINA - A large experimental bio oil project is now underway in Anhui Province, led by the University of Science and Technology of China (USTC) and the local Yineng Bio-Energy Co., Ltd. ...
China TieTong's profit up 51 percent annually.
Jan 04, 2007 ... China TieTong's profit up 51 percent annually Shanghai. January 4. INTERFAX-CHINA - China TieTong, a state-owned fixed-line operator, reported a profit of RMB 300 million ($38.5 million) for 2006, a 51 percent yearly increase. The ...
China press review for January 4, 2007 - the evening papers.
Jan 04, 2007 ... China press review for January 4, 2007 - the evening papers Shanghai. January 4. INTERFAX-CHINA - The following is a digest of China newspapers published on January 4. Interfax does not accept liability for information in these stories. Government and Policy License ...
Oil deliveries to Kazakhstan may be checked to counter re-export - source (repeat).
Jan 04, 2007 ... Oil deliveries to Kazakhstan may be checked to counter re-export - source (repeat) Moscow. January 4. (Interfax) - The Russian government may order checks into the volumes of oil delivered to Kazakhstan in an effort to combat so-called re-export, a source in a relevant ...
China's communications should return to normal by Jan 15.
Jan 04, 2007 ... China's communications should return to normal by Jan 15 Shanghai. January 4. INTERFAX-CHINA - China's telecom companies say communications will be back to normal around Jan. 15 after large earthquakes near Taiwan severed undersea fiber optic cables and disrupted communications ...
Huaneng sets up JV in Shandong Province.
Jan 04, 2007 ... Huaneng sets up JV in Shandong Province Shanghai. January 4. INTERFAX-CHINA - Huaneng Group, China's largest power company, said it officially formed a joint venture with the Lineng Group in Shandong Province on Dec. 31. The two parties signed a framework agreement to ...
China's third largest coal producer to develop Turkish coalmine.
Jan 04, 2007 ... China's third largest coal producer to develop Turkish coalmine Shanghai. January 4. INTERFAX-CHINA - The Datong Coal Mine Group, China's third largest coal producer, signed an agreement with a Turkish company to jointly develop coalmine projects in Turkey, Beijing Business ...
SMIC denies acquisition rumor following surge in stock trading.
Jan 04, 2007 ... SMIC denies acquisition rumor following surge in stock trading Shanghai. January 4. INTERFAX-CHINA - Semiconductor Manufacturing International Corp. today denied market acquisition rumors that sparked a jump in trading of the company's shares yesterday. SMIC made the ...
Shanxi's coke exports surge to avoid new tax.
Jan 04, 2007 ... Shanxi's coke exports surge to avoid new tax Shanghai. January 4. INTERFAX-CHINA - Coke exports from Shanxi province, China's major coal production region, posted 37.7 percent growth to 7.5 million tons in the first 11 months of 2006, the National Statistics Bureau said. ...
Chinese researchers in diabetes drug development breakthrough.
Jan 04, 2007 ... Chinese researchers in diabetes drug development breakthrough Shanghai. January 4. INTERFAX-CHINA - Chinese researchers recently found new mono-molecule compounds that can be used in diabetes drugs, a researcher from the Shanghai Institute of Materia Medica of Chinese Academy of ...
Corn prices sink as funds move to equity market.
Jan 04, 2007 ... Corn prices sink as funds move to equity market Shanghai. January 4. INTERFAX-CHINA - China's corn prices are likely to stay low after a sharp fall on foreign exchanges as investors shift profits from the commodity market into equities, analysts say. "Domestic corn ...
China press review for January 4, 2007 - the morning papers.
Jan 04, 2007 ... China press review for January 4, 2007 - the morning papers Shanghai. January 4. INTERFAX-CHINA - The following is a digest of China newspapers published on January 4. Interfax does not accept liability for information in these stories. Politics & Economics China will ...
Skyworth sells 'super thin' CRT-TVs.
Jan 04, 2007 ... Skyworth sells 'super thin' CRT-TVs Shanghai. January 4. INTERFAX-CHINA - Skyworth, a Chinese TV maker, launched a new series of CRT-based TVs that are only 37 centimeters thick, the company announced yesterday. The super-thin series of CRT TVs, with screen sizes ...
Fiberhome to build backbone networks in western China.
Jan 04, 2007 ... Fiberhome to build backbone networks in western China Shanghai. January 4. INTERFAX-CHINA - Fiberhome Telecommunication Technology Co. Ltd. recently announced that it was selected by China Telecom to supply equipment for several network projects in western China. ...
Nanjing survey shows rich more likely to suffer diabetes.
Jan 04, 2007 ... Nanjing survey shows rich more likely to suffer diabetes Shanghai. January 4. INTERFAX-CHINA - People with higher income are more likely to suffer diabetes and obesity, a survey released by Nanjing Center for Disease Control and Prevention revealed this week. The ...
China finds new bird flu virus strains during vaccine research.
Jan 04, 2007 ... China finds new bird flu virus strains during vaccine research Shanghai. January 4. INTERFAX-CHINA - The Chinese Center for Disease Control and Prevention recently found new strains of the bird flu virus while working on a vaccine for the human form of the disease, an official ...
Jiangxi Copper appoint new general manager.
Jan 04, 2007 ... Jiangxi Copper appoint new general manager Shanghai. January 4. INTERFAX-CHINA - Jiangxi Copper Group appointed Li Yihuang as its new general manager to replace He Changming, who had been in the position since 1993, state media reported. The move was made in ...
Shandong will subsidize production of cheap drugs.
Jan 04, 2007 ... Shandong will subsidize production of cheap drugs Shanghai. January 4. INTERFAX-CHINA - Northern China's Shandong Province plans to offer favorable policies to encourage drug makers to resume production of 31 cheap but commonly used drugs, the province's Food and Drug ...
Silver in Shanghai ends low.
Jan 04, 2007 ... Silver in Shanghai ends low Shanghai. January 4. INTERFAX-CHINA -Silver trading ended low on the Shanghai White Platinum and Silver Exchange and down on the Shanghai Gold Exchange today. On the Shanghai White Platinum and Silver Exchange, each of the series prices ...
Shanghai fuel oil futures sink as crude oil falls to $58.
Jan 04, 2007 ... Shanghai fuel oil futures sink as crude oil falls to $58 Shanghai. January 4. INTERFAX-CHINA - The majority of fuel oil futures fell by a daily limit of 5 percent on today, the first trading day in 2007. International crude oil prices fell below the benchmark $58 per barrel in ...
Huasheng Aluminum opens 38,000-ton aluminum project.
Jan 04, 2007 ... Huasheng Aluminum opens 38,000-ton aluminum project Shanghai. December 4. INTERFAX-CHINA - Huasheng Aluminum and Electric Co. Ltd., a medium-sized aluminum smelter in Hubei Province, recently opened a 38,000-ton electrolytic-aluminum project, a company official said today. ...
Japan becomes largest TCM export destination.
Jan 04, 2007 ... Japan becomes largest TCM export destination Shanghai. January 4. INTERFAX-CHINA - Japan is now China's largest Traditional Chinese Medicine export destination, according to statistics issued yesterday by China Chamber of Commerce for Import and Export of Medicine and Health ...
China's first customer service regulations for home appliances due in May.
Jan 05, 2007 ... China's first customer service regulations for home appliances due in May Shanghai. January 5. INTERFAX-CHINA - China's first regulation on customer service quality and the price of home electronic products will come out this May, state media said. The regulation ...
SPE to introduce new petrochemical, LPG trading.
Jan 05, 2007 ... SPE to introduce new petrochemical, LPG trading Shanghai. January 5. INTERFAX-CHINA - The Shanghai Petroleum Exchange, China's first market for oil products, will start trading new petrochemicals as early as this month and liquefied petroleum gas in March in an effort to offer ...
Corn prices in China to continue growth in 2007 - MOA.
Jan 05, 2007 ... Corn prices in China to continue growth in 2007 - MOA Shanghai. January 5. INTERFAX-CHINA - Corn prices in China are expected to continue growth in 2007 in line with international counterparts on the back of strong demand and fresh fund flows, China's Ministry of Agriculture ...
Google partners with China Mobile.
Jan 05, 2007 ... Google partners with China Mobile Shanghai. January 5. INTERFAX-CHINA - Google and China Mobile entered into a partnership yesterday to provide a mobile search service for the Chinese carrier's 300 million subscribers. Google will provide technical supports to ...
China press review for January 5, 2007 - the evening papers.
Jan 05, 2007 ... China press review for January 5, 2007 - the evening papers Shanghai. January 5. INTERFAX-CHINA - The following is a digest of China newspapers published on January 5. Interfax does not accept liability for information in these stories. Government and Policy Chongqing ...
China to have 900 mln phone subscribers in 2007.
Jan 05, 2007 ... China to have 900 mln phone subscribers in 2007 Shanghai. January 5. INTERFAX-CHINA - China will be home to 900 million fixed-line and mobile-phone subscribers in 2007, while the country's telecom service revenues will reach RMB 1.87 trillion ($239.7 billion), according to a ...
Longyuan Power starts construction of Jiangsu biomass project.
Jan 05, 2007 ... Longyuan Power starts construction of Jiangsu biomass project Shanghai. January 5. INTERFAX-CHINA - China Longyuan Electric Power Group Corporation (CLYPG) recently launched the construction of a biomass power project in Jiangsu Province, the company announced. The ...
Alcoa opens rolled-products plant in China.
Jan 05, 2007 ... Alcoa opens rolled-products plant in China Shanghai. January 5. INTERFAX-CHINA - Alcoa Inc., the world's largest producer of primary aluminum, yesterday said it formally opened its third flat-rolled products plant in China in Jiangsu Province. Kunshan Aluminum ...
Margaret Chan becomes WHO Director-General.
Jan 05, 2007 ... Margaret Chan becomes WHO Director-General Shanghai. January 5. INTERFAX-CHINA - China's Dr. Margaret Chan took office as Director-General of the World Health Organization (WHO) yesterday following her election in November. She pledged that her term of office and the ...
ChinaCache partners with CERNET.
Jan 05, 2007 ... ChinaCache partners with CERNET Shanghai. January 5. INTERFAX-CHINA - ChinaCache, a provider of content distribution network services in China, yesterday signed a strategic partnership agreement with China CERNET Network Ltd., an operator of China's national education data ...
More than two-thirds Chinese mobile phone users to buy 3G phones - survey.
Jan 05, 2007 ... More than two-thirds Chinese mobile phone users to buy 3G phones - survey Shanghai. January 5. INTERFAX-CHINA - Seventy-seven percent of Chinese mobile phone users in China said that they will purchase 3G handsets in the future, according to a survey conducted recently by CCID ...
Chinese stocks step down from all-time highs amid profit taking.
Jan 05, 2007 ... Chinese stocks step down from all-time highs amid profit taking Shanghai. January 5. INTERFAX-CHINA - A-Share markets in Shanghai and Shenzhen in the first week of 2007 stepped down from all-time highs amid prevailing profit-taking. By Friday's close, the benchmark ...
Guangdong sets up online coal transaction platform.
Jan 05, 2007 ... Guangdong sets up online coal transaction platform Shanghai. January 5. INTERFAX-CHINA - Guangdong Province, one of the largest energy consuming provinces in China, set up an recently online platform for the buying and selling of coal. An official with the Southern ...
China pharma sales up 18 pct from Jan to Nov.
Jan 05, 2007 ... China pharma sales up 18 pct from Jan to Nov Shanghai. January 5. INTERFAX-CHINA - China's pharmaceutical industry achieved sales of RMB 423.52 billion ($52.94 billion) from January to November, up 18.26 percent on the same period a year earlier, according to the National Bureau ...
Wheat cultivation to hit new high this year - analyst.
Jan 05, 2007 ... Wheat cultivation to hit new high this year - analyst Shanghai. January 5. INTERFAX-CHINA - Wheat cultivation areas in central Henan Province covered a record 75.56 million mu (12.4 million acres) last year, and analysts said the number will be likely to hit a new high this year ...
Shenzhen's iron ore concentrate imports up 47.3 percent in first 11 months.
Jan 05, 2007 ... Shenzhen's iron ore concentrate imports up 47.3 percent in first 11 months Shanghai. January 5. INTERFAX-CHINA - Shenzhen imported 4.97 million tons of iron ore concentrate in the first 11 months, up 47.3 percent compared last year, according to Shenzhen Customs. The ...
Rizhao Port and Rio Tinto cooperate to expand iron ore imports.
Jan 05, 2007 ... Rizhao Port and Rio Tinto cooperate to expand iron ore imports Shanghai. January 5. INTERFAX-CHINA - The Rizhao Port in Shandong Province, one of China's largest iron ore gateways, announced today it will help Rio Tinto expand iron ore imports to 10 million tons by 2010. ...
China TieTong plans to launch IPTV services along railways.
Jan 05, 2007 ... China TieTong plans to launch IPTV services along railways Shanghai. January 5. INTERFAX-CHINA - China TieTong, the country's third biggest fixed-line operator, is planning to tap China's emerging IPTV market by providing IPTV services along railways, local media reported. ...
Chinese 3G equipment maker gets $10 million from Softbank.
Jan 05, 2007 ... Chinese 3G equipment maker gets $10 million from Softbank Shanghai. January 5. INTERFAX-CHINA - NTS Technology said it netted $10 million from Softbank Asia Infrastructure Fund Partners during a second round of financing to speed up its third-generation mobile communication ...
China press review for January 5, 2007 - the morning papers.
Jan 05, 2007 ... China press review for January 5, 2007 - the morning papers Shanghai. January 5. INTERFAX-CHINA - The following is a digest of China newspapers published on January 5. Interfax does not accept liability for information in these stories. Politics & Economics The ...
Yunnan Copper issues RMB 1 bln in short-term debenture.
Jan 05, 2007 ... Yunnan Copper issues RMB 1 bln in short-term debenture Shanghai. January 5. INTERFAX-CHINA - Yunnan Copper Co. Ltd., China's third-largest copper smelter, said it will issue RMB 1 billion ($128.04 million) in short-term debenture. An anonymous official at the board ...
Shanxi coke producers increase coke price by $3.84.
Jan 05, 2007 ... Shanxi coke producers increase coke price by $3.84 Shanghai. January 5. INTERFAX-CHINA - Shanxi raised coke prices by RMB 30 ($3.84) a ton on January 1, a Shanxi Coke Industry Association official said. Han Yongqi said the price increase was a result of a raw coal ...
China grants minor metals export licenses for 2007.
Jan 05, 2007 ... China grants minor metals export licenses for 2007 Shanghai. January 5. INTERFAX-CHINA - China granted export licenses for several minor metal products on Jan. 1, the Ministry of Commerce announced this week. Only companies that are granted governmental licenses can ...
Shanghai Gold Exchange lowers commission to attract more investors.
Jan 05, 2007 ... Shanghai Gold Exchange lowers commission to attract more investors Shanghai. January 5. INTERFAX-CHINA - The Shanghai Gold Exchange lowered commissions on gold trading to 0.055 percent per trade unit of turnover at the start of the year, the SGE announced. The SGE ...
Communication breakdown postpones GMAT test in China.
Jan 05, 2007 ... Communication breakdown postpones GMAT test in China Shanghai. January 5. INTERFAX-CHINA - The Graduate Management Admission Test (GMAT) service has been postponed in China due to a communication disruption between East Asia and the rest of the world, a result of the recent ...
China bans unauthorized mobile TV trials.
Jan 05, 2007 ... China bans unauthorized mobile TV trials Shanghai. January 5. INTERFAX-CHINA - China's State Administration of Radio Film and TV (SARFT) this week reiterated its ban on unauthorized mobile TV trials, urging local broadcasters to adopt China's own mobile TV standard, which will ...
Shenhua starts construction of massive power plant in Zhejiang.
Jan 05, 2007 ... Shenhua starts construction of massive power plant in Zhejiang Shanghai. January 5. INTERFAX-CHINA - Guohua Energy, the Shenhua Group subsidiary focusing on power construction, recently started constructing the second phase of the Ninghai power project in Zhejiang Province, ...
Huaneng starts construction of large-scale Guangdong power plant.
Jan 05, 2007 ... Huaneng starts construction of large-scale Guangdong power plant Shanghai. January 5. INTERFAX-CHINA - The Huaneng Group, China's largest power producer, started building a large-scale power project in Shantou in Guangdong Province recently, according to the local Shantou ...
National Gold develops mine in Yunnan.
Jan 05, 2007 ... National Gold develops mine in Yunnan Shanghai. January 5. INTERFAX-CHINA - Yunnan Gold Co. Ltd., a subsidiary of China National Gold Group Corp., received approval last week to develop Zhenyuan gold mine in Yunnan Province, a company official said today. Chairman ...
China's foreign electronic trade up 35 percent in first 11 months.
Jan 05, 2007 ... China's foreign electronic trade up 35 percent in first 11 months Shanghai. January 5. INTERFAX-CHINA - China's foreign trade in electronic information products reached a value of $588.61 billion in the first 11 months of 2006, representing an annual increase of 35 percent, ...
China's nonferrous metals production up in first 11 months.
Jan 05, 2007 ... China's nonferrous metals production up in first 11 months Shanghai. January 5. INTERFAX-CHINA - China's nonferrous metals production in November and in the first 11 months increased from last year, according to the China Nonferrous Metals Industry Association. China ...
Alcatel-Lucent closes Nortel 3G unit deal.
Jan 05, 2007 ... Alcatel-Lucent closes Nortel 3G unit deal Shanghai. January 5. INTERFAX-CHINA - Alcatel-Lucent announced today that it has completed its acquisition of Nortel Network's UMTS radio access business after receiving regulatory approval, leaving some uncertaining about the companies' ...