China Business News back issues from August 2007:
Suning net profit soars 110.63 pct year-on-year in H1.(Financial report)
Aug 01, 2007 ... Suning net profit soars 110.63 pct year-on-year in H1 Shanghai. August 1. INTERFAX-CHINA - Shenzhen-listed Suning Appliance Co. Ltd. yesterday reported that its net profit for the first half of 2007 soared 110.63 percent year-on-year to RMB 578.4 million ($76.4 million). ...
Low-cost mobile handsets sold in China lifts 103.2 pct year-on-year in H1.
Aug 01, 2007 ... Low-cost mobile handsets sold in China lifts 103.2 pct year-on-year in H1 Shanghai. August 1. INTERFAX-CHINA - The number of low-cost mobile phones sold in China in the first half rose 103.2 percent on an annual basis to surpass 41.32 million, accounting for 57 percent of total ...
Shougang Group receives state financial support for relocation.
Aug 01, 2007 ... Shougang Group receives state financial support for relocation Shanghai. August 1. INTERFAX-CHINA - Shoudu Iron and Steel Group (Shougang Group) recently received RMB 300 million ($39.65 million) from the National Development and Reform Commission to help finance its relocation ...
Guangzhou Steel to start construction of 1.8 mln-ton cold-rolling mill.
Aug 01, 2007 ... Guangzhou Steel to start construction of 1.8 mln-ton cold-rolling mill Shanghai. August 1. INTERFAX-CHINA - Construction by Guangzhou Steel Group's joint venture with Japan-based JFE of a 1.8 million-ton capacity cold-rolling project will start at the end of this year, a ...
CYIT and Chongqing chip developer to develop RFIC that supports HSDPA.
Aug 01, 2007 ... CYIT and Chongqing chip developer to develop RFIC that supports HSDPA Shanghai. August 1. INTERFAX-CHINA - Chongqing Chongyou Information Technology (Group) Co. Ltd. (CYIT) and Chongqing-based chip developer Southwest Integrated Circuit Design Co. Ltd. (SWIC) will jointly ...
China's corn prices pressured by shrinking feedstock demand, rising fresh supply.
Aug 01, 2007 ... China's corn prices pressured by shrinking feedstock demand, rising fresh supply Shanghai. August 1. INTERFAX-CHINA - Shrinking feedstock demand due to blue-eared pig disease and a possible increase in fresh corn supply this season will put pressure on corn prices in China, ...
Global steelmaking base aim out of China's reach at present - NDRC.
Aug 01, 2007 ... Global steelmaking base aim out of China's reach at present - NDRC Shanghai. August 1. INTERFAX-CHINA - Despite rapid growth in steel product exports, China will not become the major base for global iron and steel production any time in the near future, according to report ...
All 69 miners rescued after being stranded for three days.
Aug 01, 2007 ... All 69 miners rescued after being stranded for three days Shanghai. August 1. INTERFAX-CHINA - All 69 miners who were stranded in a mine well in central China's Henan Province for three days were rescued this afternoon, state-run Xinhua news agency reported today. On ...
Zijin-Tongling consortium prepares for Rio Blanco Project.
Aug 01, 2007 ... Zijin-Tongling consortium prepares for Rio Blanco Project Shanghai. August 1. INTERFAX-CHINA - Zijin Mining Corp. and Tongling Nonferrous Metals Group are currently engaged in project designs for the Rio Blanco Project in Peru, following the former's purchase of London- listed ...
China releases classifications for sunstroke.
Aug 01, 2007 ... China releases classifications for sunstroke Shanghai. August 1. INTERFAX-CHINA - China's Ministry of Health has released classifications for four degrees of sunstroke, the MOH announced yesterday. Under the new system, sunstroke cases are divided into normal, ...
PetroChina signs CBM development agreement with Australian company.
Aug 01, 2007 ... PetroChina signs CBM development agreement with Australian company Shanghai. August 1. INTERFAX-CHINA - PetroChina, the listed subsidiary of the China National Petroleum Corp. (CNPC), has signed a letter of intent with Australian company Arrow Energy NL over a coal-bed methane ...
Preferential pricing policies needed for small cars - expert.
Aug 01, 2007 ... Preferential pricing policies needed for small cars - expert Beijing. August 1. INTERFAX-CHINA - China's latest car sale statistics show that preferential pricing policies for small, environmentally friendly cars need to be introduced in order to boost sales, an automotive ...
Governor of China's central bank suggests domestic carbon credit trading scheme.
Aug 01, 2007 ... Governor of China's central bank suggests domestic carbon credit trading scheme Shanghai. August 1. INTERFAX-CHINA - The governor of China's central bank has suggested that the country consider adopting domestic carbon emission quota and carbon credit trading scheme that would ...
Gov-developed anti-corruption game gets mixed reception.
Aug 01, 2007 ... Gov-developed anti-corruption game gets mixed reception Shanghai. August 1. INTERFAX-CHINA - An anti-corruption-themed online game launched by a Communist Party of China watchdog has received lukewarm reception from Internet users, state media reported yesterday. ...
CSRC rejects Beijing Jiuqi Software's IPO application.
Aug 01, 2007 ... CSRC rejects Beijing Jiuqi Software's IPO application Shanghai. August 1. INTERFAX-CHINA -The China Securities Regulatory Commission announced yesterday it has turned down Beijing Jiuqi (Join-Cheer) Software Co. Ltd's application for an initial public offering on the Shenzhen ...
Shanghai fuel oil futures dip on equities market sell-off.
Aug 01, 2007 ... Shanghai fuel oil futures dip on equities market sell-off Shanghai. August 1. INTERFAX-CHINA - Fuel oil futures pared early session gains at the Shanghai Futures Exchange (SHFE) on Wednesday as investor sentiment was dampened by the heavy sell-off that occurred at China's equity ...
China's alumina price to fall due to domestic market surplus.
Aug 01, 2007 ... China's alumina price to fall due to domestic market surplus By Ida Chen Harbin. August 1. INTERFAX-CHINA - China's alumina market will face surplus pressure, with prices likely to fall in the remaining months of this year, industry insiders told Interfax yesterday at the China ...
Chinese equities give back early week gains in Wednesday plunge.
Aug 01, 2007 ... Chinese equities give back early week gains in Wednesday plunge Shanghai. August 1. INTERFAX-CHINA - A-Share markets of Shanghai and Shenzhen climbed to fresh highs early in the week but Wednesday's heavy plunge swallowed any previous gains, which was triggered directly by ...
Microsoft cuts Chinese Vista price by 50 pct.
Aug 01, 2007 ... Microsoft cuts Chinese Vista price by 50 pct Shanghai. August 1. INTERFAX-CHINA - Microsoft China is to cut the price of Chinese versions of its Windows Vista home edition operating system by 50 percent from today, an official with a large software distributor told Interfax ...
CRBT revenues of over $885 mln in 2006 music to China Mobile's ears.
Aug 01, 2007 ... CRBT revenues of over $885 mln in 2006 music to China Mobile's ears Beijing. August 1. INTERFAX-CHINA - Revenues generated by color ring back tone (CRBT) services offered by China Mobile in 2006 hit RMB 6.7 billion ($885.154 million), surging 97.2 percent year-on-year, a China ...
Commodities futures trading turnover amounts to $1.69 trillion on SHFE in first seven months.
Aug 01, 2007 ... Commodities futures trading turnover amounts to $1.69 trillion on SHFE in first seven months Shanghai. August 1. INTERFAX-CHINA - Trading turnover of commodities futures on the Shanghai Futures Exchange (SHFE) in the first seven months of this year reached RMB 12.79 trillion ...
Henan invests over $66,000 in construction of village clinics as part of pilot program.
Aug 01, 2007 ... Henan invests over $66,000 in construction of village clinics as part of pilot program Shanghai. August 1. INTERFAX-CHINA - Henan Province's health bureau started construction of health clinics in a number of villages in select counties yesterday as part of a RMB 5 million ...
China to launch RFID trials in key cities.
Aug 01, 2007 ... China to launch RFID trials in key cities Shanghai. August 1. INTERFAX-CHINA - China will launch radio frequency identification (RFID) application trials in several key cities, including Qingdao, Beijing and Shanghai, state media reported today. Qingdao, a coastal ...
Former high-level executives from Lenovo and Konka join TPV Technology.
Aug 01, 2007 ... Former high-level executives from Lenovo and Konka join TPV Technology Shanghai. August 1. INTERFAX-CHINA - Hong Kong-listed high-tech company TPV Technology announced yesterday that it has appointed Zhuo Chunlei as general manager of its Asia-Pacific IT sales department, and ...
GrenTech secondary offering priced at $9.65 per share.
Aug 01, 2007 ... GrenTech secondary offering priced at $9.65 per share Shanghai. August 1. INTERFAX-CHINA - Nasdaq-listed wireless coverage equipment supplier China GrenTech Corp. Ltd. announced yesterday that the secondary offering by two of its pre-initial public offering private equity ...
China's top hospitals to undertake two-month self-inspection and improvement program.
Aug 01, 2007 ... China's top hospitals to undertake two-month self-inspection and improvement program Shanghai. August 1. INTERFAX-CHINA - China's top hospitals, which are classified as level three hospitals by the country's Ministry of Health, will carry out wide-ranging self-inspection and ...
Jinshan Gold commences production in Inner Mongolia.
Aug 01, 2007 ... Jinshan Gold commences production in Inner Mongolia Shanghai. August 1. INTERFAX-CHINA - Jinshan Gold Mines Inc., a Toronto- listed gold mining company, has commenced gold production at the joint Changshanhao (CSH 217) gold project in the Inner Mongolia Autonomous Region, ...
Northeast Pharma sales surge 88 pct year-on-year in H1.
Aug 01, 2007 ... Northeast Pharma sales surge 88 pct year-on-year in H1 Shanghai. August 1. INTERFAX-CHINA - Northeast Pharmaceutical Group Co. Ltd., one of China's largest pharmaceutical manufacturers, announced today that it generated sales of RMB 2.01 billion ($265.66 million) in ...
CNOOC H1 downstream revenues exceed upstream revenues for the first time.
Aug 01, 2007 ... CNOOC H1 downstream revenues exceed upstream revenues for the first time Shanghai. August 1. INTERFAX-CHINA - The China National Offshore Oil Corp., the parent of Hong Kong-listed CNOOC Ltd. and the country's dominant offshore producer, announced yesterday that it raked in RMB ...
Shanghai Unicom and SMG kick off commercial mobile TV services.
Aug 01, 2007 ... Shanghai Unicom and SMG kick off commercial mobile TV services Shanghai. August 1. INTERFAX-CHINA - Shanghai Unicom, a subsidiary of China Unicom, announced yesterday the launch of commercial mobile TV services in partnership with Shanghai Media Group (SMG). The ...
New regulation to require increased use of renewable power.
Aug 01, 2007 ... New regulation to require increased use of renewable power Shanghai. August 1. INTERFAX-CHINA - The State Electricity Regulatory Commission released a regulation recently to strengthen the supervision over power grid companies and their purchase of electricity that is produced ...
Jiuzhitang to issue $60 mln in short-term bonds.
Aug 01, 2007 ... Jiuzhitang to issue $60 mln in short-term bonds Shanghai. August 1. INTERFAX-CHINA - Jiuzhitang Co. Ltd., a leading over-the-counter traditional Chinese medicine manufacturer, announced today it is planning to issue short-term financing bonds to raise up to RMB 450 million ...
Huawei, Telecom Venezuela to produce 2 mln GSM handsets annually.
Aug 01, 2007 ... Huawei, Telecom Venezuela to produce 2 mln GSM handsets annually Shanghai. August 1. INTERFAX-CHINA - Venezuelan telecommunications operator Telecom Venezuela and Chinese equipment manufacturer Huawei are constructing a new factory that will soon see the joint production of 2 ...
CAS and Tianjin to co-develop anti-cancer nano drugs.
Aug 01, 2007 ... CAS and Tianjin to co-develop anti-cancer nano drugs Shanghai. August 1. INTERFAX-CHINA - The China Academy of Sciences announced yesterday that it will cooperate with the Tianjin Tumor Hospital over the development of nano drugs designed to treat cancer as well as the ...
Along Mobile to have game download platform pre-installed on mobile phones.
Aug 01, 2007 ... Along Mobile to have game download platform pre-installed on mobile phones Shanghai. August 1. INTERFAX-CHINA - Along Mobile Technologies Inc. announced yesterday that it has reached an agreement with key mobile manufacturers to have its "Whatplay" game download ...
SFDA suspends leukemia drug due to concerns of adverse effects.
Aug 01, 2007 ... SFDA suspends leukemia drug due to concerns of adverse effects Shanghai. August 1. INTERFAX-CHINA - China's State Food and Drug Administration announced yesterday that it has suspended sales of two more batches of methotrexate made by Shanghai Hualian Pharmaceutical Co. ...
China press review for August 1, 2007 - the morning papers.
Aug 01, 2007 ... China press review for August 1, 2007 - the morning papers Shanghai. August 1. INTERFAX-CHINA - The following is a digest of China newspapers published on August 1. Interfax does not accept liability for information in these stories. Politics & Economics Chinese Vice ...
Rosneft-CNPC JV wins auction to develop fields in Irkutsk region (Repeat).
Aug 01, 2007 ... Rosneft-CNPC JV wins auction to develop fields in Irkutsk region (Repeat) Irkutsk. August 1. INTERFAX - Vostok Energy, a joint venture set up by Rosneft (RTS: ROSN) and China National Petroleum Corporation (CNPC), has won auctions to develop two hydrocarbon fields in the Irkutsk ...
UTStarcom's IPTV digital rights management solution passes independent audit.
Aug 01, 2007 ... UTStarcom's IPTV digital rights management solution passes independent audit Shanghai. August 1. INTERFAX-CHINA - Nasdaq-listed UTStarcom Inc. announced yesterday that it has passed an independent security audit of its Internet protocol television (IPTV) digital ...
Olympic Food Safety Traceability System launched.
Aug 01, 2007 ... Olympic Food Safety Traceability System launched Shanghai. August 1. INTERFAX-CHINA - A system for ensuring the safety and traceability of food consumed by athletes during the Beijing Olympics will be put through its paces during Good Luck Beijing, the series of sporting events ...
TVB and NetMovie fight copyright war against Tencent, Xunlei, Tudou and telecom operators.
Aug 01, 2007 ... TVB and NetMovie fight copyright war against Tencent, Xunlei, Tudou and telecom operators Shanghai. August 1. INTERFAX-CHINA - Hong Kong's leading free-to-air broadcaster TVB Group and its exclusive agent in mainland China, Beijing Netmovie Co. Ltd., have demanded that Chinese ...
China's nickel ore imports reach 7.02 mln tons in H1.
Aug 01, 2007 ... China's nickel ore imports reach 7.02 mln tons in H1 Shanghai. August 1. INTERFAX-CHINA - China imported 7.02 million tons of nickel ore in the first half of this year, with 1.53 million tons imported in June alone, according to statistics released by the General Administration ...
Dragon New Media aims to break even this year.
Aug 01, 2007 ... Dragon New Media aims to break even this year Beijing. August 1. INTERFAX-CHINA - Dragon New Media, a subsidiary of Shanghai Media Group (SMG), aims to have its total revenues equal its total costs for this year, a high-ranking company official told Interfax yesterday. ...
China's domestic spot corn prices slide in mid-July.
Aug 01, 2007 ... China's domestic spot corn prices slide in mid-July Shanghai. August 1. INTERFAX-CHINA - Domestic corn spot prices continued to slide during the third week of July due to the downward trend of the corn futures market, according to a report by the China National Grain and Oil ...
China press review for Aug. 1, 2007 - the evening papers.
Aug 01, 2007 ... China press review for Aug. 1, 2007 - the evening papers Shanghai. August 1. INTERFAX-CHINA - The following is a digest of Chinese newspapers published on Aug. 1. Interfax does not accept any liability for information contained in these reports. Government and Policy ...
China's wheat output per hectare up in 2007 - NDRC.
Aug 02, 2007 ... China's wheat output per hectare up in 2007 - NDRC Shanghai. August 2. INTERFAX-CHINA - Wheat output per hectare in China's major wheat producing regions increased in 2007, according to a survey by the National Development and Reform Commission, the state economic planner. ...
Sinopec's Zhenhai refinery processes 9 mln tons of crude in H1.
Aug 02, 2007 ... Sinopec's Zhenhai refinery processes 9 mln tons of crude in H1 Shanghai. August 2. INTERFAX-CHINA - The Zhenhai refinery of the China Petroleum & Chemical Corp. (Sinopec), which is China's largest refinery, processed a record 9 million tons of crude oil in the first half of this ...
China commodity futures market turnover tops $486.16 bln in July.
Aug 02, 2007 ... China commodity futures market turnover tops $486.16 bln in July Shanghai. August 2. INTERFAX-CHINA - Turnover on China's commodity futures markets increased 105.45 percent in July from the same period last year to RMB 3.6705 trillion ($486.16 billion), according to statistics ...
China press review for August 2, 2007 - the morning papers.
Aug 02, 2007 ... China press review for August 2, 2007 - the morning papers Shanghai. August 2. INTERFAX-CHINA - The following is a digest of China newspapers published on August 2. Interfax does not accept liability for information in these stories. Politics & Economics Chinese ...
Xinjiang Joinworld reports net profits up 14.42 pct in H1.(Financial report)
Aug 02, 2007 ... Xinjiang Joinworld reports net profits up 14.42 pct in H1 Shanghai. August 2. INTERFAX-CHINA - Xinjiang Joinworld Co. Ltd., the world's largest high-grade aluminum supplier, has reported a year-on-year net profit rise of 14.42 percent to RMB 48.83 million ($6.45 million) for the ...
Traditional Chinese acupuncture therapy launched in over 140 areas worldwide.
Aug 02, 2007 ... Traditional Chinese acupuncture therapy launched in over 140 areas worldwide Shanghai. August 2. INTERFAX-CHINA - Traditional Chinese acupuncture therapy has been launched in more than 140 countries and cities around the world, state media reported today. The World ...
Extreme weather conditions in China a symptom of global warming - weather official.
Aug 02, 2007 ... Extreme weather conditions in China a symptom of global warming - weather official Shanghai. August 2. INTERFAX-CHINA - Recent extreme weather in China, including drought, extreme heat, typhoons and floods, is due to unusual atmospheric circulation brought about by global ...
Bright Oceans Inter-Telecom net profit up 43.3 pct year-on-year in H1.(Financial report)
Aug 02, 2007 ... Bright Oceans Inter-Telecom net profit up 43.3 pct year-on-year in H1 Shanghai. August 2. INTERFAX-CHINA - Shanghai-listed Bright Oceans Inter-Telecom Corporation (BOCO Inter-Telecom), a provider of information and communication technologies, announced yesterday that it took in ...
Chinese steel product price growth picks up speed last week - NDRC.
Aug 02, 2007 ... Chinese steel product price growth picks up speed last week - NDRC Shanghai. August 2. INTERFAX-CHINA - China's steel product price growth rate increased 0.6 percent from July 23 to July 29, according to a National Development and Reform Commission announcement released ...
China press review for Aug. 2, 2007 - the evening papers.
Aug 02, 2007 ... China press review for Aug. 2, 2007 - the evening papers Shanghai. August 2. INTERFAX-CHINA - The following is a digest of Chinese newspapers published on Aug. 2. Interfax does not accept any liability for information contained in these reports. Government and Policy ...
Sales volume of mobile phones to reach 151.4 mln in China this year - report.
Aug 02, 2007 ... Sales volume of mobile phones to reach 151.4 mln in China this year - report Shanghai. August 2. INTERFAX-CHINA - It is expected the sales volume of mobile phones in China will reach 151.4 million units this year, increasing 26.9 percent yearly although there will be a slight ...
Microsoft and CNITSEC sign new GSP agreement.
Aug 02, 2007 ... Microsoft and CNITSEC sign new GSP agreement Shanghai. August 2. INTERFAX-CHINA - Microsoft signed a new Government Security Program (GSP) agreement today with the China Information Technology Security Certification Center (CNITSEC), allowing the Chinese government access to ...
Konka denies plan to float shares to Chunghua Picture Tubes.
Aug 02, 2007 ... Konka denies plan to float shares to Chunghua Picture Tubes Shanghai. August 2. INTERFAX-CHINA - Shenzhen-listed TV and mobile handset manufacturer Konka Group Co. Ltd. yesterday denied that it plans to float shares to one of its LCD suppliers, Taiwan-based Chunghua Picture ...
China Mobile unveils new Olympics-themed products and services.
Aug 02, 2007 ... China Mobile unveils new Olympics-themed products and services Shanghai. August 2. INTERFAX-CHINA - China Mobile announced yesterday that it will launch new products and services on Aug. 8 under the Olympics theme, including special edition handsets, prepaid phone cards, a news ...
Corning appoints Eric S. Musser as new CEO of Corning Greater China.
Aug 02, 2007 ... Corning appoints Eric S. Musser as new CEO of Corning Greater China Shanghai. August 2. INTERFAX-CHINA - Corning Incorporated announced yesterday that it has appointed Eric S. Musser as the new chief executive officer of Corning Greater China. The former CEO of ...
Shanxi coal company to develop coal resources in Xinjiang.
Aug 02, 2007 ... Shanxi coal company to develop coal resources in Xinjiang Shanghai. August 2. INTERFAX-CHINA - Lu'an Mining, a large Shanxi-based coal company, has signed an agreement with the Xinjiang Autonomous Region government to develop local coal resources, state media reported yesterday ....
Chinese equities recover some ground from Wednesday plunge.
Aug 02, 2007 ... Chinese equities recover some ground from Wednesday plunge Shanghai. August 2. INTERFAX-CHINA - Chinese equities reclaimed some ground from Wednesday's plunge following a rebound by the U.S. stock market overnight. The benchmark Shanghai composite index (SCI) rose ...
Lenovo net profit skyrockets 1184 pct to $66.84 mln in fiscal Q1.(Financial report)
Aug 02, 2007 ... Lenovo net profit skyrockets 1184 pct to $66.84 mln in fiscal Q1 Shanghai. August 2. INTERFAX-CHINA - Hong Kong-listed Lenovo Group Ltd. today reported that during the first quarter of fiscal 2007/2008, for the three months ending June 30, 2007, net profit hit HKD ...
MCC inks joint venture with three Chinese companies for Papua New Guinea project.
Aug 02, 2007 ... MCC inks joint venture with three Chinese companies for Papua New Guinea project Shanghai. August 2. INTERFAX-CHINA - China Metallurgical Group Corp. (MCC) recently signed a joint-venture agreement with three Chinese companies to develop the Ramu nickel and cobalt ...
TD-SCDMA trial network in South Korea tested successfully.
Aug 02, 2007 ... TD-SCDMA trial network in South Korea tested successfully Shanghai. August 2. INTERFAX-CHINA - A preliminary test of the performance of the TD-SCDMA trial network in South Korea was successfully completed recently, Datang Mobile, which deployed part of the network, announced ...