China Business News back issues from January 2008:
Shagang to acquire a 25 pct stake in Yonggang Steel.
Jan 02, 2008 ... Shagang to acquire a 25 pct stake in Yonggang Steel Shanghai. January 2. INTERFAX-CHINA - Jiangsu Province-based Shagang Group, China's largest privately owned steel mill, will acquire a 25 percent stake in Jiangsu Yonggang Iron and Steel Group (Yonggang) to become its largest ...
Sirnaomics to start clinical trials in China this year.
Jan 02, 2008 ... Sirnaomics to start clinical trials in China this year Shanghai. January 2. INTERFAX-CHINA - Sirnaomics Inc., a privately owned U.S. corporation, is planning to start phase one clinical trials on its leading drug candidate, STP 601, in China this year, the company announced in ...
SFDA sets up national food safety supervision network.
Jan 02, 2008 ... SFDA sets up national food safety supervision network Shanghai. January 2. INTERFAX-CHINA - The State Food and Drug Administration (SFDA) has announced the establishment of a national supervision network to heighten food safety in China at an official opening ceremony in Ningbo ...
Zijin Mining gets NDRC nod for lead and zinc project in Tuva.
Jan 02, 2008 ... Zijin Mining gets NDRC nod for lead and zinc project in Tuva Shanghai. January 2. INTERFAX-CHINA - Hong Kong-listed Zijin Mining Group Co. Ltd., a Fujian-based gold producer, has attained National Development and Reform Commission approval to develop the Kyzyl- Tashtygskoe lead ...
China shuts down 553 small-scale generators in 2007, exceeds target.
Jan 02, 2008 ... China shuts down 553 small-scale generators in 2007, exceeds target Beijing. December 2. INTERFAX-CHINA - China shut down 553 small-scale generators with a total capacity of 14,380 megawatts in 2007, exceeding the government's target by 43 percent, the National Development and ...
Major stainless steel mills cut product prices for January.
Jan 02, 2008 ... Major stainless steel mills cut product prices for January Shanghai. January 2. INTERFAX-CHINA - Major stainless steel mills have decreased core product prices for January in response to low demand from the domestic market. Taiyuan Iron and Steel Group Co. Ltd (TISCO) ...
SFDA issues circular to regulate conduct of government supervisors in pharma companies.
Jan 02, 2008 ... SFDA issues circular to regulate conduct of government supervisors in pharma companies Shanghai. January 2. INTERFAX-CHINA - China's food and drug safety watchdog, the State Food and Drug Administration, last weekend issued a circular to regulate the conduct of government ...
Shanghai fuel oil futures mixed by Wednesday's close.
Jan 02, 2008 ... Shanghai fuel oil futures mixed by Wednesday's close Shanghai. January 2. INTERFAX-CHINA - Shanghai fuel oil futures were divided on Wednesday without guidance from international crude oil prices, as NYMEX has suspended trading for the holidays. Trading volume on ...
China's largest sugar producing region faces frost in coming three days.
Jan 02, 2008 ... China's largest sugar producing region faces frost in coming three days Shanghai. January 2. INTERFAX-CHINA - The Guangxi Zhuang Autonomous Region in southern China looks set for a cold spell in the next two or three days with a high possibility that the major sugar production ...
Best Buy to open second China flagship store in Shanghai.
Jan 02, 2008 ... Best Buy to open second China flagship store in Shanghai Beijing. January 2. INTERFAX-CHINA - Best Buy China, a subsidiary of U.S. electronics distributor Best Buy Group, is making final preparations to open its second own-brand flagship store in China at Shanghai's Zhongshan ...
Chongqing government to crack down on illegal satellite TV receivers.
Jan 02, 2008 ... Chongqing government to crack down on illegal satellite TV receivers Shanghai. January 2. INTERFAX-CHINA - The Chongqing Bureau of Culture announced last Saturday that it will run a special campaign from Jan. 5 to March 5 to crack down on illegal ground satellite TV receiver ...
China Telecom expects net profit of $3.65 bln for 2007.
Jan 02, 2008 ... China Telecom expects net profit of $3.65 bln for 2007 Shanghai. January 2. INTERFAX-CHINA - China Telecom has forecast a net profit of RMB 26.6 billion ($3.65 billion) for the whole of 2007, up 1.9 percent year-on-year, local media reported today. Zhang Jiping, vice ...
China's first coiled tubing production line begins construction.
Jan 02, 2008 ... China's first coiled tubing production line begins construction Beijing. January 2. INTERFAX-CHINA - China National Petroleum Corp. (CNPC) announced last week that its first production line for coiled tubing recently began construction in Baoji, Shanxi Province. ...
China's software industry revenues up 20 pct year-on-year in first 11 months of 2007.
Jan 02, 2008 ... China's software industry revenues up 20 pct year-on-year in first 11 months of 2007 Shanghai. January 2. INTERFAX-CHINA - Revenues from China's software industry reached RMB 496.8 billion ($68.1 billion) during the first 11 months of 2007, up 20 percent when compared to the ...
Jintian Copper gears up for A-share IPO.
Jan 02, 2008 ... Jintian Copper gears up for A-share IPO Shanghai. January 2. INTERFAX-CHINA - Ningbo Jintian Copper Co. Ltd., one of China's top copper fabricators, is gearing up for an initial public offering (IPO) on the Chinese A-share market, a company official told Interfax today. ...
SHFE to launch gold futures trading next Wednesday.
Jan 02, 2008 ... SHFE to launch gold futures trading next Wednesday By Ginger Ding Shanghai. January 2. INTERFAX-CHINA - Gold futures trading at the Shanghai Futures Exchange (SHFE) will commence on Jan. 9, with minor changes to the trading criteria that were drafted in September, an SHFE ...
Chinese CRO company secures Japanese investment.
Jan 02, 2008 ... Chinese CRO company secures Japanese investment Shanghai. January 2. INTERFAX-CHINA - Rundo International Clinical Research Co. Ltd., a domestic CRO (contract research organization) has secured investment from a large-scale Japanese CRO, CRONOVA Co. Ltd., a Rundo official told ...
CNPC's 2007 crude oil production up by 1 pct and natural gas up by 22 pct on previous year.
Jan 02, 2008 ... CNPC's 2007 crude oil production up by 1 pct and natural gas up by 22 pct on previous year Shanghai. January 2. INTERFAX-CHINA - China National Petroleum Corp. (CNPC), the country's largest oil and gas producer, raised crude oil output in 2007 by 1 million tons, or 1 ...
China press review for January 2, 2008 - the morning papers.
Jan 02, 2008 ... China press review for January 2, 2008 - the morning papers Shanghai. January 2. INTERFAX-CHINA - The following is a digest of Chinese newspapers published on Jan. 2. Interfax does not accept liability for information in these stories. Politics & Economics The fiscal ...
China to levy export tariffs on grain and grain flour this year.
Jan 02, 2008 ... China to levy export tariffs on grain and grain flour this year Shanghai. January 2. INTERFAX-CHINA - China will levy export tariffs on grain and grain flour products this year that will range between 5 percent to 25 percent, the Ministry of Finance has announced. The ...
Huaneng Group bids for power companies in Singapore.
Jan 02, 2008 ... Huaneng Group bids for power companies in Singapore Shanghai. January 2. INTERFAX-CHINA - China Huaneng Group, China's largest power generating company, has submitted a tender for three power plants in Singapore, Chinese media reported on Saturday. According to the ...
China press review for January 2, 2008 - the evening papers.
Jan 02, 2008 ... China press review for January 2, 2008 - the evening papers Shanghai. January 2. INTERFAX-CHINA - The following is a digest of Chinese newspapers published on Jan. 2. Interfax does not accept any liability for information contained in these reports. Government and ...
Sichuan Changhong to produce OLEDs for mobile phones.
Jan 02, 2008 ... Sichuan Changhong to produce OLEDs for mobile phones Beijing. January 2. INTERFAX-CHINA - Shanghai-listed appliance manufacturer Sichuan Changhong Electric Co. Ltd. will begin producing organic light emitting displays (OLEDs) for mobile phones in the first half of 2008, local ...
Chinese equities off a bullish start in 2008.
Jan 02, 2008 ... Chinese equities off a bullish start in 2008 Shanghai. January 2. INTERFAX-CHINA - Chinese equities were off a bullish start in 2008 despite weakness among some heavyweights, which pulled back growth of the indices. The benchmark Shanghai composite index (SCI) increased 11.25 ...
Spreadtrum, Amoi and Kuro jointly launch music phone solution offering copyrighted music.
Jan 02, 2008 ... Spreadtrum, Amoi and Kuro jointly launch music phone solution offering copyrighted music Shanghai. January 2. INTERFAX-CHINA - Spreadtrum Communications Inc., Amoi Electronics Co. Ltd. and Beijing Kuro Times Tech. Co. Ltd. announced today that they have launched ...
Investment in China's electronics and information industry hits $32.8 bln in first 11 months of 2007.
Jan 02, 2008 ... Investment in China's electronics and information industry hits $32.8 bln in first 11 months of 2007 Shanghai. January 2. INTERFAX-CHINA - Fixed investment in China's electronics and information industry rose 29 percent year-on-year to reach RMB 239.6 billion ($32.8 billion) in ...
China Datang completes first phase construction of Inner Mongolia wind farm.
Jan 02, 2008 ... China Datang completes first phase construction of Inner Mongolia wind farm Beijing. January 2. INTERFAX-CHINA - China Datang Technologies & Engineering Co. Ltd. announced last Thursday that it has finished the first phase of construction of the SaiHanba Bolike wind farm in ...
Russian pipe producers lose $440 mln through China, Ukraine supplies (repeat).
Jan 02, 2008 ... Russian pipe producers lose $440 mln through China, Ukraine supplies (repeat) Moscow. January 2. INTERFAX - The overall losses of Russian pipe producers may near $440 million because of growing pipe imports from China and Ukraine, an industry expert told Interfax. ...
Russia should step up energy cooperation with China - expert (repeat).
Jan 02, 2008 ... Russia should step up energy cooperation with China - expert (repeat) Moscow. January 2. INTERFAX - Russia should build up energy cooperation with China, and industry expert told Interfax. "We are developing energy cooperation with China but it still falls short of ...
Selected high-tech companies registering in SEZ's in 2008 to receive tax breaks.
Jan 02, 2008 ... Selected high-tech companies registering in SEZ's in 2008 to receive tax breaks Beijing. January 2. INTERFAX-CHINA - Selected domestic and foreign high- tech companies registering in China's special economic zones (SEZs) this year will be exempt from paying corporate income tax ...
China's pharmaceutical output in first 11 months of 2007 hits $77.56 bln.
Jan 02, 2008 ... China's pharmaceutical output in first 11 months of 2007 hits $77.56 bln Shanghai. January 2. INTERFAX-CHINA - China's pharmaceutical output totaled RMB 566.17 billion ($77.56 billion) for the first 11 months of 2007, growing 24.85 percent compared to the same period of 2006, ...
Huawei wins $51.6 mln contract from Zambian operator.
Jan 02, 2008 ... Huawei wins $51.6 mln contract from Zambian operator Shanghai. January 2. INTERFAX-CHINA - Huawei has won a $51.6 million contract for two key projects from ZamTel, a Zambian telecom operator, state media reported last Friday. According to Xinhua news agency, Huawei ...
China treats 95,000 drug addicts with methadone over past three years.
Jan 02, 2008 ... China treats 95,000 drug addicts with methadone over past three years Shanghai. January 2. INTERFAX-CHINA - The China Center for Disease Control and Prevention (China CDC) released figures today showing that 95,000 Chinese heroin addicts had received methadone treatment by the ...
China commodity futures market turnover tops $5.61 trillion in 2007.
Jan 02, 2008 ... China commodity futures market turnover tops $5.61 trillion in 2007 Shanghai. January 2. INTERFAX-CHINA - Turnover on China's commodity futures markets increased 95.1 percent year-on-year to RMB 40.97 trillion ($5.61 trillion) in 2007, according to statistics released recently ...
Chenzhou Mining acquires mining rights to two gold deposits in Xinjiang.
Jan 02, 2008 ... Chenzhou Mining acquires mining rights to two gold deposits in Xinjiang Shanghai. January 2. INTERFAX-CHINA - Chenzhou Mining Group Co. Ltd., based in Hunan Province and listed on the small and medium-sized board of the Shenzhen Stock Exchange, recently signed agreements to ...
NDRC adjusts prices of 26 drugs.
Jan 02, 2008 ... NDRC adjusts prices of 26 drugs Shanghai. January 2. INTERFAX-CHINA - The National Development and Reform Commission has adjusted the price caps of 26 drugs, most of which have been raised to encourage drug production, the NDRC announced last week. The policy, which ...
China's largest coal-to-methanol facility goes into operation.
Jan 02, 2008 ... China's largest coal-to-methanol facility goes into operation Shanghai. January 2. INTERFAX-CHINA - China's largest coal-to-methanol production facility went into operation late last week, a company official with the developer of the project told Interfax today. The ...
MoA gives Chinese cotton producers 7.2 mln-ton target for this year.
Jan 03, 2008 ... MoA gives Chinese cotton producers 7.2 mln-ton target for this year Shanghai. January 3. INTERFAX-CHINA - The Ministry of Agriculture (MoA) wants to see China's cotton production in 2008 hit 7.2 million tons this year, according to the China Cotton Association. ...
Li Xiaolin to chair China Power.
Jan 03, 2008 ... Li Xiaolin to chair China Power Shanghai. January 3. INTERFAX-CHINA - Li Xiaolin, former vice chairman and CEO of Hong Kong-listed China Power International Development Co. Ltd., will chair the company starting as of Jan. 1, 2008, the company announced today. ...
Corn sales volume and price both sink at this week's state auction.
Jan 03, 2008 ... Corn sales volume and price both sink at this week's state auction Shanghai. January 3. INTERFAX-CHINA - The sales volume at yesterday's fourth state stockpiled corn auction came to 34,396 tons, with an average auction price of RMB 1,740 ($238.36) per ton, the National Grain ...
Beijing to set up command center to ensure food safety at the Olympics.
Jan 03, 2008 ... Beijing to set up command center to ensure food safety at the Olympics Shanghai. January 3. INTERFAX-CHINA - China's capital city Beijing is planning to set up the Olympic Food Safety Command Center, which will oversee food to be sold and consumed at the Olympic Games, domestic ...
China press review for January 3, 2008 - the morning papers.
Jan 03, 2008 ... China press review for January 3, 2008 - the morning papers Shanghai. January 3. INTERFAX-CHINA - The following is a digest of Chinese newspapers published on Jan. 3. Interfax does not accept liability for information in these stories. Politics & Economics China's ...
SHFE names gold futures trade delivery warehouses.
Jan 03, 2008 ... SHFE names gold futures trade delivery warehouses Shanghai. January 3. INTERFAX-CHINA - The first batch of warehouses for Shanghai Futures Exchange (SHFE) gold physical deliveries will be three state-owned banks, the SHFE announced yesterday. The three banks, the ...
Government bans online lottery ticket sales.
Jan 03, 2008 ... Government bans online lottery ticket sales Beijing. January 3. INTERFAX-CHINA - The online sale of lottery tickets has been banned under a joint policy issued by the Ministry of Finance, the Ministry of Civil Affairs and the General Administration of Sport of China yesterday. ...
Yinhai Aluminum begins production on 100,000-ton electrolytic aluminum facility.
Jan 03, 2008 ... Yinhai Aluminum begins production on 100,000-ton electrolytic aluminum facility Shanghai. January 3. INTERFAX-CHINA - Yinhai Aluminum Corp., a Guangxi Investment Group subsidiary, recently commenced production on a 100,000- ton electrolytic aluminum facility in the city of ...
Hong Kong New World Group sets up Xinjiang subsidiary.
Jan 03, 2008 ... Hong Kong New World Group sets up Xinjiang subsidiary Shanghai. January 3. INTERFAX-CHINA - Hong Kong New World Development Group Ltd. has established a pharmaceuticals-focused subsidiary in Urumqi, the capital city of the Xinjiang Autonomous Region, according to a local ...
Guangxi to raise electricity price for aluminum smelters.
Jan 03, 2008 ... Guangxi to raise electricity price for aluminum smelters By Ida Chen Shanghai. January 3. INTERFAX-CHINA - Southwestern China's Guangxi Zhuang Autonomous Region, a hub of aluminum and alumina producers, will increase electricity prices for local aluminum smelters in line with a ...
India's possible iron ore export tax could negatively impact Chinese steel mills - analysts.
Jan 03, 2008 ... India's possible iron ore export tax could negatively impact Chinese steel mills - analysts By Ginger Ding Shanghai. January 3. INTERFAX-CHINA - The Indian Ministry of Steel's proposed 10 percent to 15 percent tax on iron ore exports to reserve mineral resources for the ...
Sinopec Group to focus on foreign asset acquisition in next 10 to 15 years.
Jan 03, 2008 ... Sinopec Group to focus on foreign asset acquisition in next 10 to 15 years Shanghai. January 3. INTERFAX-CHINA - China Petrochemical Corp. (Sinopec Group) will focus on acquiring foreign oil and gas assets in the next 10 to 15 years in order to turn itself into a leading ...
China to initiate health plan, aims to enhance health among general public.
Jan 03, 2008 ... China to initiate health plan, aims to enhance health among general public Shanghai. January 3. INTERFAX-CHINA - China plans to improve general health levels among the general public under a plan it calls "Health China 2020", as revealed by the Chinese Health Minister and the ...
CATT in talks with Ping An Trust about sale of Datang Mobile shares - report.
Jan 03, 2008 ... CATT in talks with Ping An Trust about sale of Datang Mobile shares - report Shanghai. January 3. INTERFAX-CHINA - The China Academy of Telecommunication Technology (CATT) is in talks with China Ping An Trust & Investment Co. Ltd. over the possible sale of CATT's 13 percent ...
China exports $138 mln in finished TCMs over first 11 months of 2007.
Jan 03, 2008 ... China exports $138 mln in finished TCMs over first 11 months of 2007 Shanghai. January 3. INTERFAX-CHINA - China exported finished traditional Chinese medicines (TCM) worth $138 million in the first 11 months of 2007, up 15.98 percent when compared with the same period in 2006, ...
State reserves authorities to sell 4.5 mln tons of stockpiled domestic wheat this week.
Jan 03, 2008 ... State reserves authorities to sell 4.5 mln tons of stockpiled domestic wheat this week Shanghai. January 3. INTERFAX-CHINA - China's state reserves authorities will put up for sale 4.5 million tons of stockpiled domestically produced wheat this week, according to the National ...
UFIDA acquires two real estate software companies for $1.99 mln.
Jan 03, 2008 ... UFIDA acquires two real estate software companies for $1.99 mln Shanghai. January 3. INTERFAX-CHINA - UFIDA Software Co. Ltd. announced today that it is to spend RMB 14.5 million ($1.99 million) to acquire two real estate software companies to enhance its real estate software ...
China's exports $7.79 bln in pharmaceuticals during first 11 months of 2007.
Jan 03, 2008 ... China's exports $7.79 bln in pharmaceuticals during first 11 months of 2007 Shanghai. January 3. INTERFAX-CHINA - China exported pharmaceutical products worth RMB 56.87 billion ($7.79 billion) in the first 11 months of 2007, a figure 19.34 percent higher when compared to that of ...
Sinopec Group completes construction of Qingdao refinery.
Jan 03, 2008 ... Sinopec Group completes construction of Qingdao refinery By Jing Yang Shanghai. January 3. INTERFAX-CHINA - China's largest refiner, China Petrochemical Corp. (Sinopec Group), announced yesterday that its landmark Qingdao refinery in eastern Shandong Province has finished ...
Shanghai begins construction of emergency oil reserve depot.
Jan 03, 2008 ... Shanghai begins construction of emergency oil reserve depot Beijing. January 3. INTERFAX-CHINA - Shanghai-listed Shanghai Material Trading Center Co. Ltd. announced last Saturday that construction has begun on its Bailian Oil Depot, the first oil reserve depot intended for ...
Chinese equities climb back from early session losses.
Jan 03, 2008 ... Chinese equities climb back from early session losses Shanghai. January 3. INTERFAX-CHINA - Chinese equities climbed back from early session losses with the benchmark Shanghai composite index (SCI) gaining 47.05 points, or 0.89 percent, to finish the day at 5,272.81 points while ...
Shanghai fuel oil futures rebound after international crude breaches $100.
Jan 03, 2008 ... Shanghai fuel oil futures rebound after international crude breaches $100 Shanghai. January 3. INTERFAX-CHINA - Shanghai fuel oil futures rebounded on Thursday after international crude oil prices breached the $100-per-barrel benchmark overnight, though trading volume remained ...
Chen Zhaoxiong resigns as Great Wall Computer Group chairman for Hunan Province Deputy Governor post.
Jan 03, 2008 ... Chen Zhaoxiong resigns as Great Wall Computer Group chairman for Hunan Province Deputy Governor post Shanghai. January 3. INTERFAX-CHINA - Chen Zhaoxiong has resigned as chairman and executive director of Great Wall Computer Group due to his appointment as Deputy Governor of ...
China's electronic and information industry trade up 23 pct year-on-year in first 11 months of 2007.
Jan 03, 2008 ... China's electronic and information industry trade up 23 pct year-on-year in first 11 months of 2007 Shanghai. January 3. INTERFAX-CHINA - Turnover of China's electronic and information industry imports and exports reached $727.5 billion in the first 11 months of 2007, up 23.6 ...
China starts building world's first AP1000 generator.
Jan 03, 2008 ... China starts building world's first AP1000 generator Shanghai. January 3. INTERFAX-CHINA - Sanmen Nuclear Power Co. Ltd. (SMNPC), a subsidiary of the China National Nuclear Corp. (CNNC), last Saturday officially began construction on the world's first AP1000 ...
Complaints by Beijing Internet users up 100 pct year-on-year in December.
Jan 03, 2008 ... Complaints by Beijing Internet users up 100 pct year-on-year in December Beijing. January 3. INTERFAX-CHINA - The Beijing Industrial and Commercial Bureau's consumer complaints center received twice as many complaints regarding Internet services in December 2007 than it did for ...
Datang Telecom to record net profit for 2007 - analyst.
Jan 03, 2008 ... Datang Telecom to record net profit for 2007 - analyst By Iris Hong Shanghai. January 3. INTERFAX-CHINA - Shanghai-listed Datang Telecom Technology Co. Ltd. is expected to record a net profit for 2007 and no longer faces risk of being de-listed, an analyst said yesterday. ...
China press review for January 3, 2008 - the evening papers.
Jan 03, 2008 ... China press review for January 3, 2008 - the evening papers Shanghai. January 3. INTERFAX-CHINA - The following is a digest of Chinese newspapers published on Jan. 3. Interfax does not accept any liability for information contained in these reports. Government and ...