China Business News back issues from April 2008:
China press review for April 1, 2008 - the morning papers.
Apr 01, 2008 ... China press review for April 1, 2008 - the morning papers Shanghai. April 1. INTERFAX-CHINA - The following is a digest of Chinese newspapers published on April 1. Interfax does not accept liability for information in these stories. Politics & Economics Chinese ...
Aussi takeover panel blocks Shougang's Mount Gibson acquisition.
Apr 01, 2008 ... Aussi takeover panel blocks Shougang's Mount Gibson acquisition Shanghai. April 1. INTERFAX-CHINA - The Australian Takeovers Panel announced today that it has blocked Russian iron ore steel producer Gazmetall Holdings Cyprus Ltd. from selling its 19.72 percent stake in Mount ...
Western pharma companies looking to China for inspiration.
Apr 01, 2008 ... Western pharma companies looking to China for inspiration Shanghai. April 1. INTERFAX-CHINA - As researchers from major pharmaceutical companies face greater challenges in discovering new entities for drug development, they are turning increasingly to herbal medicines, ...
Sinopec Group's Zhejiiang refineries post heavy losses in first two months.(Financial report)
Apr 01, 2008 ... Sinopec Group's Zhejiiang refineries post heavy losses in first two months Beijing. April 1. INTERFAX-CHINA - China Petrochemical Corp. (Sinopec Group)'s refining operations in southeastern China's Zhejiang Province suffered heavy financial losses in the first two months of ...
TD-SCDMA commercial trial starts today.
Apr 01, 2008 ... TD-SCDMA commercial trial starts today Shanghai. April 1. INTERFAX-CHINA - A commercial trial of TD-SCDMA, China's homegrown 3G standard, will begin in eight cities today, coinciding with the release of six new TD-SCDMA handsets, state media reported today. Shanghai ...
Biggest blood producer in Asia to IPO.
Apr 01, 2008 ... Biggest blood producer in Asia to IPO Shanghai. April 1. INTERFAX-CHINA - Shanghai RAAS Blood Products Co. Ltd., the biggest producer of blood products in Asia, submitted on March 28 an application to the China Securities Regulatory Commission to issue an IPO ...
Shanghai Telecom to take Wi-Fi hotspots to over 4,000 this year.
Apr 01, 2008 ... Shanghai Telecom to take Wi-Fi hotspots to over 4,000 this year Shanghai. April 1. INTERFAX-CHINA - Shanghai Telecom, China Telecom's Shanghai branch, will build another 2,000 Wi-Fi hotspots in Shanghai this year, bringing the total number in the city to about 4,100, an official ...
Zhejiang boosts spending on rural health services.
Apr 01, 2008 ... Zhejiang boosts spending on rural health services Shanghai. April 1. INTERFAX-CHINA - The health department of eastern China's Zhejiang Province will spend a greater proportion of its annual budget on improving health care services for rural residents from this year onwards, a ...
China's iron ore stockpiles hit 60.3 mln tons on March 28.
Apr 01, 2008 ... China's iron ore stockpiles hit 60.3 mln tons on March 28 Shanghai. April 1. INTERFAX-CHINA - Iron ore stockpiles at China's 23 major ports reached 60.3 million tons on March 28, up 2.53 percent from the previous Friday, due to increased arrivals of shipments for steel mills and ...
China's commodity futures market turnover tops $2.66 trillion in Q1.
Apr 01, 2008 ... China's commodity futures market turnover tops $2.66 trillion in Q1 Shanghai. April 1. INTERFAX-CHINA - Turnover on China's commodity futures markets topped RMB 18.6 trillion ($2.66 trillion) in the first quarter of this year, according to statistics from the country's three ...
SHFE to raise zinc futures margin ahead of Tomb Sweeping Day.
Apr 01, 2008 ... SHFE to raise zinc futures margin ahead of Tomb Sweeping Day Shanghai. April 1. INTERFAX-CHINA - The Shanghai Futures Exchange (SHFE) announced last Friday that it will raise the margin for zinc contracts from 7 percent to 7.5 percent effective at the close of trading on April ...
President of People's Daily takes post at State Council's Information Office.
Apr 01, 2008 ... President of People's Daily takes post at State Council's Information Office Shanghai. April 1. INTERFAX-CHINA - Wang Chen, president of the Chinese Communist Party's national newspaper People's Daily, has been appointed the new minister for the State Council's Information ...
China press review for April 1, 2008 - the evening papers.
Apr 01, 2008 ... China press review for April 1, 2008 - the evening papers Shanghai. April 1. INTERFAX-CHINA - The following is a digest of Chinese newspapers published on April 1. Interfax does not accept any liability for information contained in these reports. Government & Policy ...
NDRC continuing to promote acquisitions and restructuring among coal miners.
Apr 01, 2008 ... NDRC continuing to promote acquisitions and restructuring among coal miners Beijing. April 1. INTERFAX-CHINA - The National Development and Reform Commission (NDRC) said yesterday it will continue to encourage acquisitions and restructuring among domestic coal mine companies to ...
Provincial trials next for health reform, experts concerned.
Apr 01, 2008 ... Provincial trials next for health reform, experts concerned Shanghai. April 1. INTERFAX-CHINA - The next stage of China's health reform plan, provincial level trials, are looming, according to domestic media, but consternation among health experts remains as to how the reform ...
Tech industries still "hot" for VCs, even after investment plunges 40 pct in Q1 - report.
Apr 01, 2008 ... Tech industries still "hot" for VCs, even after investment plunges 40 pct in Q1 - report Shanghai. April 1. INTERFAX-CHINA - Venture capital investment in China's Internet industry plunged 40 percent year-on-year in the first quarter of 2008 to $70.31 million, according to a ...
Modest development of corn processing industry won't affect food supply safety - expert.(Conference notes)
Apr 01, 2008 ... Modest development of corn processing industry won't affect food supply safety - expert Shanghai. April 1. INTERFAX-CHINA - China's corn starch industry can grow at a sustainable rate without diverting corn from humans and animals, an official from the China Starch Industry ...
China Netcom's TD-SCDMA network in Qingdao to release numbers soon.
Apr 01, 2008 ... China Netcom's TD-SCDMA network in Qingdao to release numbers soon Beijing. April 1. INTERFAX-CHINA - China Netcom's TD-SCDMA network in Qingdao will release phone numbers and go into commercial operation "in the near future", a China Netcom official told Interfax today. ...
Sino-US VC invests in TWBB's wind power business.
Apr 01, 2008 ... Sino-US VC invests in TWBB's wind power business Shanghai. April 1. INTERFAX-CHINA - Sino-US Pan Pacific Investment Co. Ltd., a U.S.-registered venture capital (VC) involved in China's clean- tech sector, has signed a framework agreement with Shanghai-listed Baoding ...
Vale eyes pellet plant and ship construction in China - executive.
Apr 01, 2008 ... Vale eyes pellet plant and ship construction in China - executive Nanjing. April 1. INTERFAX-CHINA - Vale, formerly known as CVRD and the world's largest iron ore producer, has ambitions to expand its pellet capacity in China by cooperating with Chinese steel mills, and is also ...
Nanjing Medical expanding hospital pharmacy management business.
Apr 01, 2008 ... Nanjing Medical expanding hospital pharmacy management business Shanghai. April 1. INTERFAX-CHINA - Nanjing Medical Co. Ltd. is expanding its practice of managing in-house pharmacies at hospitals, a company official told Interfax today. In February 2006, the municipal ...
Corn market in southern China remains weak due to slim demand - analyst.
Apr 01, 2008 ... Corn market in southern China remains weak due to slim demand - analyst Shanghai. April 1. INTERFAX-CHINA - Southern China's corn market has been weak for the last fortnight due to the slow recovery of the livestock industry, according to Jilin Province Grain Administration. ...
Tongjitang top dogs propose share buyback.
Apr 01, 2008 ... Tongjitang top dogs propose share buyback Shanghai. April1. INTERFAX-CHINA - Senior officials from Tongjitang Chinese Medicines Co. Ltd. have proposed to buy back all the company's tradable shares on the New York Stock Exchange at a price of $10.2 per share, a Tonjitang investor ...
Hony Capital to buy into Guangzhou Consun Pharma.
Apr 01, 2008 ... Hony Capital to buy into Guangzhou Consun Pharma Shanghai. April 1. INTERFAX-CHINA - Venture capital company Hony Capital (HC) will spend RMB 180 million ($25.64 million) to purchase a stake in Guangzhou Consun Pharmaceutical Co. Ltd., an HC official confirmed today. ...
Meiling begins refrigerator production in Mianyang, aims to double production in 2008.
Apr 01, 2008 ... Meiling begins refrigerator production in Mianyang, aims to double production in 2008 Shanghai. April 1. INTERFAX-CHINA - Production has begun at Hefei Meiling Co. Ltd.'s new refrigerator manufacturing center in Mianyang, Chengdu Province, which will produce 1.2 million units ...
Over 80 pct of Chinese Internet users want the Internet controlled - report.
Apr 01, 2008 ... Over 80 pct of Chinese Internet users want the Internet controlled - report Shanghai. April 1. INTERFAX-CHINA - Over 80 percent of Chinese Internet users feel Internet content should be controlled or managed, according to a survey released this weekend. The survey, ...
Roaming fees to be lowered today.
Apr 01, 2008 ... Roaming fees to be lowered today Shanghai. April 1. INTERFAX-CHINA - China Mobile and China Unicom, the country's mobile operators, announced that they will lower all domestic roaming fees starting today, in accordance with a previous order from the government. The ...
Tianyue sues U.S. game developer.
Apr 01, 2008 ... Tianyue sues U.S. game developer Shanghai. April 1. INTERFAX-CHINA - Chinese online game operator Tianyue Network Technology has sued U.S. game developer Electronic Arts (EA) for a total of RMB 13.9 million ($1.98 million), Chinese media reported today. EA's decision ...
Sinosteel reiterates $5.09 per-share cash offer for Midwest.
Apr 01, 2008 ... Sinosteel reiterates $5.09 per-share cash offer for Midwest Shanghai. April 1. INTERFAX-CHINA - Sinosteel Corp., one of China's largest iron ore traders, yesterday submitted a bidders statement to Australian-based Midwest Corp. Ltd., reiterating its AUD 5.6 ($5.09) per-share ...
Minmetals Development net profit up 88 pct year-on-year in 2007.(Financial report)
Apr 01, 2008 ... Minmetals Development net profit up 88 pct year-on-year in 2007 Shanghai. April. 1. INTERFAX-CHINA - Minmetals Development Co. Ltd., a Shanghai-listed subsidiary of China Minmetals Corp., China's largest metals trader, generated a net profit of RMB 1.06 billion ($151.02 million) ...
China Telecom (HK) to acquire Beijing Telecom from parent for $791.7 mln.
Apr 01, 2008 ... China Telecom (HK) to acquire Beijing Telecom from parent for $791.7 mln Shanghai. April 1. INTERFAX-CHINA - Hong Kong-listed China Telecom Corp. Ltd. (China Telecom (HK)) announced yesterday that it has agreed to acquire the entire equity interest in Beijing Telecom ...
Palm oil prices rebound amid rumors of large scale imports ahead of Olympics.
Apr 01, 2008 ... Palm oil prices rebound amid rumors of large scale imports ahead of Olympics Shanghai. April 1. INTERFAX-CHINA - Domestic palm oil prices rebounded last week (March 24-30), following the recovery of palm oil futures on the Bursa Malaysia Derivatives (BMD). ...
Chinese telecom industry revenue up 10.1 pct year-on-year in first two months.
Apr 01, 2008 ... Chinese telecom industry revenue up 10.1 pct year-on-year in first two months Shanghai. April 1. INTERFAX-CHINA - The total revenue of China's telecom industry reached RMB 122.03 billion ($17.31 billion) for the first two months of 2008, up 10.1 percent year-on-year, according ...
Chinese equities slide further amid expectations of interest rate hike.
Apr 01, 2008 ... Chinese equities slide further amid expectations of interest rate hike Shanghai. April 1. INTERFAX-CHINA - Chinese equities slid further on Tuesday to hit a new low for this year, and the lowest level in nearly 12 months, after the central bank announced it would continue to ...
Kingdee's 2007 net profit hits $19 mln, up 42.55 pct year-on-year.(Financial report)
Apr 01, 2008 ... Kingdee's 2007 net profit hits $19 mln, up 42.55 pct year-on-year Beijing. April 1. INTERFAX-CHINA - Hong Kong-listed software vendor Kingdee International Software Group Co. Ltd. reported yesterday its net profit hit RMB 138.74 million ($19.78 million) in 2007, up 42.55 percent ...
Xinjiang sugar mills lift purchasing price by 20 pct to encourage beet cultivation.
Apr 01, 2008 ... Xinjiang sugar mills lift purchasing price by 20 pct to encourage beet cultivation Shanghai. April 1. INTERFAX-CHINA - Sugar mills in northwestern China's Xinjiang Autonomous Region lifted the purchasing price for sugar beets by 20 percent to encourage local farmers to increase ...
World's largest CBM power plant begins operation in Shanxi Province.
Apr 01, 2008 ... World's largest CBM power plant begins operation in Shanxi Province Shanghai. April 31. INTERFAX-CHINA - The world's largest CBM (coalbed methane) power plant officially began operation on March 28 in Shanxi Province, Shanxi Electric Power Corp., the plant's operator, announced ...
Heilongjiang crops to see better weather this year.
Apr 02, 2008 ... Heilongjiang crops to see better weather this year Shanghai. April 2. INTERFAX-CHINA - Soybean and corn crops in Heilongjiang Province may benefit from this year's favorable weather conditions during the key growing period from March to October, the Heilongjiang Meteorological ...
Great Wall Computer to sell 20 pct stake in IBM Lease for $4.5 mln.
Apr 02, 2008 ... Great Wall Computer to sell 20 pct stake in IBM Lease for $4.5 mln Shanghai. April 2. INTERFAX-CHINA - Shenzhen-listed Great Wall Computer Co. Ltd. is to sell its entire 20 percent interest in IBM Lease Co. Ltd., its joint venture with IBM China, to IBM China, for RMB ...
Southwest Synthetic Pharma will not produce vitamin E this year.
Apr 02, 2008 ... Southwest Synthetic Pharma will not produce vitamin E this year Shanghai. April 2. INTERFAX-CHINA - One of China's largest vitamin E manufacturers, Southwest Synthetic Pharmaceutical Co. Ltd., announced today that it will not produce vitamin E this year. The company ...
Chia-tai Tianqing Pharma to IPO in Shenzhen.
Apr 02, 2008 ... Chia-tai Tianqing Pharma to IPO in Shenzhen Shanghai. April 2. INTERFAX-CHINA - Hong Kong-listed Sino Biopharmaceutical Ltd., has submitted an application to the China Securities Regulatory Commission for one of its subsidiaries, Jiangsu Chia-tai Tianqing Pharmaceutical Co ....
Zijin Mining kicks off construction on 100,000-ton refined zinc project.
Apr 02, 2008 ... Zijin Mining kicks off construction on 100,000-ton refined zinc project Shanghai. April 2. INTERFAX-CHINA - Hong Kong-listed Zijin Mining Corp. recently kicked off construction on a 100,000-ton electrolytic zinc project in the Inner Mongolia Autonomous Region, a ...
Chinese pharma industry profits up 57 pct in first two months.(Industry overview)
Apr 02, 2008 ... Chinese pharma industry profits up 57 pct in first two months Shanghai. April 2. INTERFAX-CHINA - China's pharmaceutical industry saw profits of RMB 8.65 billion ($1.23 billion) during the first two months of this year, up 57.06 percent year-on-year, according to National ...
Shanghai steel product futures still await government approval.
Apr 02, 2008 ... Shanghai steel product futures still await government approval Beijing. April 2. INTERFAX-CHINA - The Shanghai Futures Exchange (SHFE) is awaiting approval from China Securities Regulatory Commission and State Council to launch steel wire futures and rebar futures trading, a ...
Beijing Times goes mobile, to launch e-commerce service.
Apr 02, 2008 ... Beijing Times goes mobile, to launch e-commerce service Shanghai. April 2. INTERFAX-CHINA -The Beijing-based newspaper Beijing Times has expanded its new media business by launching a version of the paper delivered via mobile phones, and plans to launch an e-commerce business, ...
Chinese equities hit one-year low on Tuesday, stage Wednesday rally.
Apr 02, 2008 ... Chinese equities hit one-year low on Tuesday, stage Wednesday rally Shanghai. April 2. INTERFAX-CHINA - A-Share markets of Shanghai and Shenzhen hit a one-year low on Tuesday but staged a Wednesday rally thanks to solid performances of blue chip companies. The benchmark Shanghai ...
Russian coal producer SDS orders Chinese equipment (Repeat).
Apr 02, 2008 ... Russian coal producer SDS orders Chinese equipment (Repeat) Moscow. April 2. INTERFAX - Siberian Business Union Holding Co. (SDS) has signed a deal worth 50 million rubles ($2.11 million) with China's Kanam to buy ventilation equipment for its Krasnogorskaya mine, the Russian ...
China press review for April 2, 2008 - the morning papers.
Apr 02, 2008 ... China press review for April 2, 2008 - the morning papers Shanghai. April 2. INTERFAX-CHINA - The following is a digest of Chinese newspapers published on April 2. Interfax does not accept liability for information in these stories. Politics & Economics China's market ...
Century Aluminum to buy into Guangxi carbon anode facility.
Apr 02, 2008 ... Century Aluminum to buy into Guangxi carbon anode facility Shanghai. April 2. INTERFAX-CHINA - U.S.-based Century Aluminum Co. announced yesterday it has signed an agreement with Guangxi Pingguo Qiangqiang Carbon Co. Ltd. (PQQ) in order to gain access to a carbon ...
Shanghai fuel oil futures rise amid commodities rebound.
Apr 02, 2008 ... Shanghai fuel oil futures rise amid commodities rebound Shanghai. April 2. INTERFAX-CHINA - Shanghai fuel oil futures rose on Wednesday, driven by a rebound seen across the industrial commodity board. The most-traded June contract ended RMB 59 ($8.40) higher at RMB 4,240 ...
Vale to export over 100 mln tons of iron ore to China this year - executive.
Apr 02, 2008 ... Vale to export over 100 mln tons of iron ore to China this year - executive By Jessica Jiao Beijing. April 2. INTERFAX-CHINA - Brazilian iron ore giant Vale plans to boost iron ore exports to China by approximately 10 percent to over 100 million tons this year, representing a ...
Baidu developing WiMAX-based wireless search service.
Apr 02, 2008 ... Baidu developing WiMAX-based wireless search service Shanghai. April 2. INTERFAX-CHINA - China's largest search engine operator, Baidu, announced yesterday that it is developing wireless search services utilizing WiMAX technology and that the services will be available in 25 ...
CNPC to double its efforts to ensure market supply in Q2.
Apr 02, 2008 ... CNPC to double its efforts to ensure market supply in Q2 Shanghai. April 2. INTERFAX-CHINA - China's largest crude oil producer, the China National Petroleum Corp. (CNPC), announced yesterday that it will increase its efforts to ensure oil product supplies in the domestic market ...
Smart Nice Tech splashes out on Techpool shares.
Apr 02, 2008 ... Smart Nice Tech splashes out on Techpool shares Shanghai. April 2. INTERFAX-CHINA - Smart Nice Technology Ltd. announced yesterday that it will purchase a 40 percent stake in China's largest producer of human urine-derived products, Techpool Bio-pharma Co. Ltd. The ...
China press review for April 2, 2008 - the evening papers.
Apr 02, 2008 ... China press review for April 2, 2008 - the evening papers Shanghai. April 2. INTERFAX-CHINA - The following is a digest of Chinese newspapers published on April 2. Interfax does not accept any liability for information contained in these reports. Government and Policy ...
China drafting online game industry standards.
Apr 02, 2008 ... China drafting online game industry standards Shanghai. April 2. INTERFAX-CHINA - China is drafting national standards for the online game industry for release at the end of 2009, an official with the China National Information Technology Standardization Technical Committee ...
ZTE signs network equipment global framework agreement with Vodafone.
Apr 02, 2008 ... ZTE signs network equipment global framework agreement with Vodafone Shanghai. April 2. INTERFAX-CHINA - ZTE Corp. announced today that it has signed a network equipment global framework agreement (GFA) with Vodafone, which will allow ZTE to bid for Vodafone's network equipment ...
CORRECTION: Vale eyes pellet plant and ship construction in China - executive.(Correction notice)
Apr 02, 2008 ... CORRECTION: Vale eyes pellet plant and ship construction in China - executive Interfax published the below story on April 1 and incorrectly stated the designed and expanded production capacity of Vale's first JV pellet plant in China. A corrected version appears below. ...
Kingdee may separately list middleware business in mainland IPO.
Apr 02, 2008 ... Kingdee may separately list middleware business in mainland IPO Shanghai. April 2. INTERFAX-CHINA - Hong Kong-listed Chinese software company Kingdee is planning to separately list its middleware division on the forthcoming Shenzhen Growth Enterprise Stock Market, state media ...
China to raise CER floor price this year due to Renminbi appreciation - industry insider.
Apr 02, 2008 ... China to raise CER floor price this year due to Renminbi appreciation - industry insider By Jing Yang Shanghai. April. 2. INTERFAX-CHINA - The floor price set by the Chinese government for purchasing certified emission reduction (CER) credits is expected to rise to EUR 9 ...
DCE preparing launch of coke futures.
Apr 02, 2008 ... DCE preparing launch of coke futures Shanghai. April 2. INTERFAX-CHINA - The Dalian Commodity Exchange (DCE) has finished setting trading rules for coke futures and will launch trading as soon as possible, an official from the DCE told Interfax yesterday. Coke prices ...
Heavy rain erodes sugar content in Xinjiang's beet crop, sugar output down 14 pct - XSIA.
Apr 02, 2008 ... Heavy rain erodes sugar content in Xinjiang's beet crop, sugar output down 14 pct - XSIA Shanghai. April 2. INTERFAX-CHINA - Excessive rainfall in western China's Xinjiang Uyghur Autonomous Region reduced the sugar content in the beet crop, causing a sharp reduction in local ...
China's investment in lead and zinc mining sinks, while smelting buoys in first two months.
Apr 02, 2008 ... China's investment in lead and zinc mining sinks, while smelting buoys in first two months Shanghai. April 2. INTERFAX-CHINA - China's investment in lead and zinc exploration and ore selecting came to RMB 93.8 million ($13.34 million) for the first two months of this year, down ...
FMG to ship 25 mln tons of iron ore to China this year - executive.
Apr 02, 2008 ... FMG to ship 25 mln tons of iron ore to China this year - executive By Jessica Jiao and Ida Chen Beijing. April 2. INTERFAX-CHINA - Australian listed Fortescue Metals Group (FMG), a new force in the global iron ore market, is set to export 25 million tons of iron ore to China ...
Olympic flame arrives in Almaty (Repeat).
Apr 02, 2008 ... Olympic flame arrives in Almaty (Repeat) Almaty. April 2. INTERFAX-KAZAKHSTAN - The Olympic flame arrived in Almaty on Tuesday to begin the first leg of the Beijing 2008 torch relay. A specially chartered plane from China touched down shortly before 1:00 pm. The ...