China Business News back issues from May 2008:
Shaanxi energy and chemical base begins four new projects.
May 05, 2008 ... Shaanxi energy and chemical base begins four new projects Beijing. May 5. INTERFAX-CHINA - Construction has kicked off on four new projects in Yulin City's key energy and chemical base in northwestern China's Shaanxi Province, the local government announced last week. ...
Corn sowing in Jilin Province almost complete.
May 05, 2008 ... Corn sowing in Jilin Province almost complete Shanghai. May 5. INTERFAX-CHINA - Northeastern China's Jilin Province, the country's largest corn producing region, had almost completed this year's spring corn sowing by May 4, according to the Jilin Grain Administration. ...
Majority of Guangxi's sugarcane mills complete crushing for 2007/2008 season.
May 05, 2008 ... Majority of Guangxi's sugarcane mills complete crushing for 2007/2008 season Shanghai. May 5. INTERFAX-CHINA - In China's southern Guangxi Autonomous Region, 60 percent of local sugar mills had completed sugarcane crushing for the 2007/2008 season by May, according to the ...
Telecom operators weather 8,102 complaints in first quarter of 2008.
May 05, 2008 ... Telecom operators weather 8,102 complaints in first quarter of 2008 Shanghai. May 5. INTERFAX-CHINA - The Ministry of Industry and Informatization (MII) dealt with 8,102 telecom complaints in the first three months of 2008, a rate of 8.74 complaints for every 1 million ...
China Mobile reaches new heights with Everest service center.
May 05, 2008 ... China Mobile reaches new heights with Everest service center Shanghai. May 5. INTERFAX-CHINA - China Mobile, the largest mobile operator in China, announced today that it recently opened a service center at the base camp of Mount Everest. The service center, located ...
China press review for May 5, 2008 - the evening papers.
May 05, 2008 ... China press review for May 5, 2008 - the evening papers Shanghai. May 5. INTERFAX-CHINA - The following is a digest of Chinese newspapers published on May 5. Interfax does not accept any liability for information contained in these reports. Government & Policy China's ...
Western Mining moving for 10 pct stake in Aussie miner FerrAus.
May 05, 2008 ... Western Mining moving for 10 pct stake in Aussie miner FerrAus Shanghai. May 5. INTERFAX-CHINA - Qinghai-based Western Mining Co. Ltd., a leading Chinese base metals mining company, has entered into an agreement to buy a 10 percent stake in Australian-listed FerrAus Ltd. ...
Harbin Pharma 2007 net profit up by 25 pct year-on-year despite dwindling revenues.
May 05, 2008 ... Harbin Pharma 2007 net profit up by 25 pct year-on-year despite dwindling revenues Shanghai. May 5. INTERFAX-CHINA - One of China's largest state-owned pharmaceutical companies, Harbin Pharmaceutical Group Co. Ltd., announced last week that it made a net profit of RMB 591.81 ...
Thrill of the chase sees bargain hunters give boost to Chinese equities.
May 05, 2008 ... Thrill of the chase sees bargain hunters give boost to Chinese equities Shanghai. May 5. INTERFAX-CHINA - Chinese equities extended a rally on Monday thanks to bargain hunting activities brought about by improved investor sentiment. The benchmark Shanghai composite ...
China Customs ramps up watch over illegal grain exports.
May 05, 2008 ... China Customs ramps up watch over illegal grain exports Shanghai. May 5. INTERFAX-CHINA - China's General Administration of Customs has issued instructions to its local bureaus to be vigilant of illegal grain exports, according to a notice posted by the administration on April ...
Beijing court examining outraged husband's Internet privacy case.
May 05, 2008 ... Beijing court examining outraged husband's Internet privacy case Shanghai. May 5. INTERFAX-CHINA - In the latest challenge to China's evolving Internet law, a Beijing court yesterday began reviewing a case in which a Beijing resident sued three Web Chinese sites for permitting ...
China's commodity futures market turnover tops $828.57 bln in April.
May 05, 2008 ... China's commodity futures market turnover tops $828.57 bln in April In the first four months of the year, total trading turnover of commodities in China amounted to RMB 24.41 trillion ($3.49 trillion), up 187.40 percent on an annual basis, with 107.93 million transactions. ...
Shanxi coal prices up 13 pct year-on-year in Q1.
May 05, 2008 ... Shanxi coal prices up 13 pct year-on-year in Q1 Shanghai. May 5. INTERFAX-CHINA - The average coal sales price in Shanxi Province rose 13 percent year-on-year to RMB 377 ($53.78) per ton in the first quarter of 2008, on the back of higher production costs and tightened supply, ...
Former MII minister to chair electricity regulatory commission.
May 05, 2008 ... Former MII minister to chair electricity regulatory commission Beijing. May 5. INTERFAX-CHINA - Wang Xudong, who was minister of the former Ministry of Information Industry, has been appointed chairman of the State Electricity Regulation Commission (SERC), local media reported ...
Viral epidemic prompts Fuyang government to offer free treatment.
May 05, 2008 ... Viral epidemic prompts Fuyang government to offer free treatment Shanghai. May 5. INTERFAX-CHINA - Fuyang, an eastern Chinese city recently hit by an epidemic of hand, foot and mouth disease, announced on Saturday that local authorities will offer free treatment to children ...
China should hold off purchasing overseas miners on predicted U.S. recovery - analyst.
May 05, 2008 ... China should hold off purchasing overseas miners on predicted U.S. recovery - analyst Shanghai. May 5. INTERFAX-CHINA - Chinese companies should hold off purchasing overseas mining companies till the end of the year, in order to take advantage of a predicted recovery in the U.S ....
China's software industry sees revenue grow 29.9 pct year-on-year in Q1.
May 05, 2008 ... China's software industry sees revenue grow 29.9 pct year-on-year in Q1 Beijing. May 5. INTERFAX-CHINA - China's software industry recorded total revenue of RMB 144.36 billion ($20.64 billion) for the first quarter of this year, up 29.9 percent on the same period in 2007, new ...
Beijing inpatients asked to cough up more in Q1.
May 05, 2008 ... Beijing inpatients asked to cough up more in Q1 Shanghai. May 5. INTERFAX-CHINA - The average cost of being hospitalized in Beijing for one of six "indicator" conditions showed a mild rise in the first quarter of this year, reaching RMB 5,430 ($775.71), Beijing's municipal ...
China press review for May 5, 2008 - the morning papers.
May 05, 2008 ... China press review for May 5, 2008 - the morning papers Shanghai. May 5. INTERFAX-CHINA - The following is a digest of Chinese newspapers published on May 5. Interfax does not accept liability for information in these stories. Politics & Economics Chinese officials ...
TCM exports to Singapore grow 35 percent over five year period.
May 05, 2008 ... TCM exports to Singapore grow 35 percent over five year period Shanghai. May 5. INTERFAX-CHINA - Chinese exports of traditional Chinese medicines (TCM) to Singapore were worth $28.71 million last year, up 35 percent on the $21.21 million figure recorded for 2003, the China ...
China Unicom plans to launch filter to fight spam SMS.
May 05, 2008 ... China Unicom plans to launch filter to fight spam SMS Beijing. May 5. INTERFAX-CHINA - China Unicom will create an SMS filter service across China in order to fight SMS spam and other unwanted messages, state media reported last week. Liu Xiaojun, senior engineer of ...
Telecom and postal billing to come under NDRC scrutiny.
May 05, 2008 ... Telecom and postal billing to come under NDRC scrutiny Shanghai. May 5. INTERFAX-CHINA - Illegal billing activities in China's post and telecom industries are to be the target of a crackdown announced yesterday by the National Development and Reform Commission (NDRC). ...
Evraz among contenders for 20% stake in FerroChina - Chinese media reports.
May 05, 2008 ... Evraz among contenders for 20% stake in FerroChina - Chinese media reports BEIJING. May 5. (Interfax) - Evraz Group is among the contenders for the acquisition of a 20% stake in Chinese steel casting company FerroChina, the market price of which is put at $167 million, the South ...
Domestic copper prices to fall even lower in May - analysts.
May 05, 2008 ... Domestic copper prices to fall even lower in May - analysts Shanghai. May 5. INTERFAX-CHINA - Domestic copper prices may continue to drop in May, as downstream copper users are refusing to build up copper stockpiles at current prices, analysts told Interfax today. ...
Tigermed joins Shanghai CRO alliance.
May 05, 2008 ... Tigermed joins Shanghai CRO alliance Shanghai. May 5. INTERFAX-CHINA - Tigermed Consulting Ltd. has joined an alliance of Chinese contract research organizations (CROs), giving a boost to the alliance's competitiveness, an official with the alliance's founding member, Sundia ...
Power demand growth to drop off in Q2, but supplies will remain tight - CEC.
May 05, 2008 ... Power demand growth to drop off in Q2, but supplies will remain tight - CEC By Terry Wang Shanghai. May 5. INTERFAX-CHINA - The China Electricity Council (CEC), a semi-government-run industry association, forecast last Thursday that China's power demand will slow during the ...
Fresh rapeseed to debut at around $714 per ton.
May 05, 2008 ... Fresh rapeseed to debut at around $714 per ton Shanghai. May 5. INTERFAX-CHINA - Fresh rapeseed is expected to debut on the Chinese market this year for around RMB 5,000 ($714.28) per ton, in line with the current domestic market prices, a industry insider told Interfax over the ...
Jiuquan to build wind power base with installed capacity of 35,650 MW.
May 05, 2008 ... Jiuquan to build wind power base with installed capacity of 35,650 MW Beijing. May 5. INTERFAX-CHINA - Jiuquan City in northwestern China's Gansu Province will build a wind power base with an eventual total installed capacity of 35,650 megawatts, the city's government announced ...
Jinniu Energy Group obtains rights to exploit coalmine in Inner Mongolia.
May 05, 2008 ... Jinniu Energy Group obtains rights to exploit coalmine in Inner Mongolia Beijing. May 5. INTERFAX-CHINA - Hebei-based Jinniu Energy Group (JNEG) has obtained rights from the Ministry of Land and Resources to exploit a coalmine in the Inner Mongolia Autonomous Region that ...
CMMB trials to go commercial in three cities by month's end.
May 05, 2008 ... CMMB trials to go commercial in three cities by month's end Shanghai. May 5. INTERFAX-CHINA - China's State Administration of Radio, Film and Television (SARFT) will kick off commercial trials of mobile TV services using the CMMB (China Mobile Multimedia Broadcasting) standard ...
Jinchuan Group to offtake nickel concentrate from Vietnamese mine.
May 06, 2008 ... Jinchuan Group to offtake nickel concentrate from Vietnamese mine Shanghai. May 6. INTERFAX-CHINA - Jinchuan Group, China's largest nickel producer, recently entered into an agreement with a subsidiary of Toronto-listed Asian Mineral Resources Ltd. (Asian Minerals) to offtake ...
Aussie authority gives green light to joint Sino-Indonesian bid for Herald Resources.
May 06, 2008 ... Aussie authority gives green light to joint Sino-Indonesian bid for Herald Resources Shanghai. May 6. INTERFAX-CHINA - Shenzhen-listed Zhongjin Lingnan Nonfemet Co. Ltd. (Zhongjin Lingnan) and Indonesian-based PT Antam Tbk's (Antam) joint bid to fully acquire Australian-listed ...
Thermal coal stockpiles in Hunan, Hebei and Anhui at critical levels.
May 06, 2008 ... Thermal coal stockpiles in Hunan, Hebei and Anhui at critical levels Shanghai. May 6. INTERFAX-CHINA - Thermal coal stockpiles at key power plants in the provinces of Hunan, Hebei and Anhui have fallen below that required for seven days of power production, an official from the ...
China's first quarter pharma trade up by a third year-on-year.
May 06, 2008 ... China's first quarter pharma trade up by a third year-on-year Shanghai. May 6. INTERFAX-CHINA - Chinese imports and exports of pharmaceuticals during the first quarter were worth $10.88 billion, representing an increase of 30.1 percent on the same period in 2007, domestic media ...
Lenovo the top domestic player for mobile phone shipments in March.
May 06, 2008 ... Lenovo the top domestic player for mobile phone shipments in March Shanghai. May 6. INTERFAX-CHINA - Lenovo shipped 388,700 mobile phones to Chinese distributors in March, taking first place among Chinese manufacturers, according to Interfax research figures. ...
PetroChina's controversial Sichuan refinery receives nod to start construction in June.
May 06, 2008 ... PetroChina's controversial Sichuan refinery receives nod to start construction in June Shanghai. May 6. INTERFAX-CHINA - A large refining and ethylene project in southwestern Sichuan Province that was the focus of recent protests has received National Development and Reform ...
Double helping of spam for Chinese mobile users in 2007.
May 06, 2008 ... Double helping of spam for Chinese mobile users in 2007 Beijing. May 6. INTERFAX-CHINA - The number of spam text messages sent to mobile users in China almost doubled in 2007 to 353.8 billion, up 92.7 percent from 170.2 billion sent in 2006, according to figures reported today. ...
Baosteel Group appoints He Wenbo as president.
May 06, 2008 ... Baosteel Group appoints He Wenbo as president Shanghai. May 6. INTERFAX-CHINA - Baoshan Iron and Steel Group (Baosteel Group), China's largest steelmaker, has appointed He Wenbo as its new president, Baosteel Group informed Interfax Monday. He Wenbo, who has served as ...
Kingsoft entering into $1.43 mln gaming joint venture.
May 06, 2008 ... Kingsoft entering into $1.43 mln gaming joint venture Beijing. May 6. INTERFAX-CHINA - Major Chinese entertainment and software company Kingsoft Corp. Ltd. announced yesterday that it will establish a joint venture with Lianking Studio, an online game developer, through total ...
CEC puts CCN stake up for sale.
May 06, 2008 ... CEC puts CCN stake up for sale Shanghai. May 6. INTERFAX-CHINA - The China Electronics Corp. (CEC) plans to sell its 45 percent stake in the China Cable Network (CCN) for RMB 450 million ($64.29 million), CEC announced last week. CEC said that the buyer of the stake ...
ArcelorMittal unlikely to acquire large Angang stake - analyst.
May 06, 2008 ... ArcelorMittal unlikely to acquire large Angang stake - analyst Shanghai. May 6. INTERFAX-CHINA - ArcelorMittal, the world's largest steelmaker, is unlikely to succeed in its attempt to acquire a large stake in Chinese state-owned steel mill Anshan Iron and Steel Group (Angang), ...
Positive April sales data triggers sugar rally on ZCE.
May 06, 2008 ... Positive April sales data triggers sugar rally on ZCE Shanghai. May 6. INTERFAX-CHINA - Sugar futures on the Zhengzhou Commodity Exchange (ZCE) staged a sharp rally on Tuesday following the release of positive sugar sales data for April in China's three largest sugar producing ...
China's steel mills ratchet up product prices in face of higher raw material expenses.
May 06, 2008 ... China's steel mills ratchet up product prices in face of higher raw material expenses Shanghai. May 6. INTERFAX-CHINA - China's major steel mills moved to raise their product prices at the beginning of this month in an effort to combat surging raw material prices, according to a ...
Food poisoning claims 26 in Q1.
May 06, 2008 ... Food poisoning claims 26 in Q1 Shanghai. May 6. INTERFAX-CHINA - Food poisoning killed 26 people in China during the first three months of this year, the Ministry of Health announced yesterday. By comparison, the country reported 25 fatalities attributed to food ...
China's information security market records revenue of $193.28 mln in Q1.
May 06, 2008 ... China's information security market records revenue of $193.28 mln in Q1 Beijing. May 6. INTERFAX-CHINA - Revenue from China's information security market reached RMB 1.35 billion ($193.28 million) for the first quarter of this year, up 21.8 percent year-on-year, according to a ...
Corn futures to rise on strong spot market - analyst.
May 06, 2008 ... Corn futures to rise on strong spot market - analyst Shanghai. May 6. INTERFAX-CHINA - Corn futures may remain firm in May on the back of strong spot market prices and shrinking corn acreage this year, an analyst told Interfax today. Demand from corn processors and ...
Chinese pharma companies reaping core business rewards, not resting on laurels - analyst.
May 06, 2008 ... Chinese pharma companies reaping core business rewards, not resting on laurels - analyst Shanghai. May 6. INTERFAX-CHINA - Despite recent concern among industry analysts that Chinese pharmaceutical companies are relying too heavily on income from stock investments, ...
Chinese equities slide on profit taking.
May 06, 2008 ... Chinese equities slide on profit taking Shanghai. May 6. INTERFAX-CHINA - Chinese equities slid on Tuesday as investors took in profits accumulated in the past three sessions. The benchmark Shanghai composite index (SCI) eased 27.51 points, or 0.73 percent, finishing ...
Hog price fall on growing supply.
May 06, 2008 ... Hog price fall on growing supply Shanghai. May 6. INTERFAX-CHINA - Live hog prices in China fell 1.29 percent during the week ending May 2 compared to the previous week to stand at RMB 16.588 ($2.37) per kilogram, statistics published by ChinaSwine yesterday show. ...
First phase of Tianyuan Co.'s coal-to-oil project begins operation.
May 06, 2008 ... First phase of Tianyuan Co.'s coal-to-oil project begins operation Beijing. May 6. INTERFAX-CHINA - The first phase of Shaanxi Province- based Tianyuan Co.'s first coal-to-oil project kicked off operation last week, a company official told Interfax today. The first ...
China's electronic information product trade up 17.7 pct in Q1.
May 06, 2008 ... China's electronic information product trade up 17.7 pct in Q1 Shanghai. May 6. INTERFAX-CHINA - The value of China's electronic information product imports and exports reached $201 billion for the first three month of 2008, representing a year-on-year increase of 17.7 percent, ...
China press review for May 6, 2008 - the evening papers.
May 06, 2008 ... China press review for May 6, 2008 - the evening papers Shanghai. May 6. INTERFAX-CHINA - The following is a digest of Chinese newspapers published on May 6. Interfax does not accept any liability for information contained in these reports. Government & Policy China ...
Sinopec Group's Xibei Oil increases natural gas supply to West-East pipeline.
May 06, 2008 ... Sinopec Group's Xibei Oil increases natural gas supply to West-East pipeline Beijing. May 6. INTERFAX-CHINA - Xibei Oil, a subsidiary of China Petrochemical Corp. (Sinopec Group), increased its daily supply of natural gas to the West-East Gas Pipeline (WEP) from 600,000 to 1.2 ...
Chinese grain experts pour cold water on idea of "Rice OPEC".
May 06, 2008 ... Chinese grain experts pour cold water on idea of "Rice OPEC" Shanghai. May 6. INTERFAX-CHINA - The formation of a rice cartel similar in style to the Organization of the Petroleum Exporting Countries faces a few hurdles, Chinese grain experts have suggested. The ...
Closer govt monitoring of EV71 outbreak gets vaccine makers taking note.
May 06, 2008 ... Closer govt monitoring of EV71 outbreak gets vaccine makers taking note Shanghai. May 6. INTERFAX-CHINA - The ongoing spread of hand, foot and mouth disease across China has been attracting the attention of Chinese biotech companies, and the government's addition of the disease ...
China press review for May 6, 2008 - the morning papers.
May 06, 2008 ... China press review for May 6, 2008 - the morning papers Shanghai. May 6. INTERFAX-CHINA - The following is a digest of Chinese newspapers published on May 6. Interfax does not accept liability for information in these stories. Politics & Economics The State ...
Huaneng Group to construct its first biomass power plant in Jilin Province.
May 06, 2008 ... Huaneng Group to construct its first biomass power plant in Jilin Province Shanghai. May 6. INTERFAX-CHINA - Huaneng Group, the country's largest power producer, will construct its first biomass-based power plant in Changchun City in the northeastern Chinese province of Jilin, ...
Netsun sews up Yeshitech purchase for $2.58 mln.
May 06, 2008 ... Netsun sews up Yeshitech purchase for $2.58 mln Shanghai. May 6. INTERFAX-CHINA - Shenzhen-listed Zhejiang Netsun Co. Ltd., a provider of industry-specific business-to-business (B2B) electronic commerce platforms, announced yesterday that it has bought a 100 percent ...
State-owned power company obtains govt nod to tap coal mines.
May 07, 2008 ... State-owned power company obtains govt nod to tap coal mines Beijing. May 7. INTERFAX-CHINA - State-owned China Guodian Corp. (CGC), a major Chinese power company, announced yesterday that it has obtained government approval to make coal mining one of its core businesses. ...
Guizhou Province trials open bidding system with latest mine rights deal.
May 07, 2008 ... Guizhou Province trials open bidding system with latest mine rights deal Beijing. May 7. INTERFAX-CHINA - A Guizhou Province-based investment company has been awarded the 20-year exploration rights to the province's Guli coalmine through the first open-door natural resources ...
China press review for May 7, 2008 - the morning papers.
May 07, 2008 ... China press review for May 7, 2008 - the morning papers Shanghai. May 7. INTERFAX-CHINA - The following is a digest of Chinese newspapers published on May 7. Interfax does not accept liability for information in these stories. Politics & Economics Chinese President Hu ...
Vegetable oil market weakening on slim demand.
May 07, 2008 ... Vegetable oil market weakening on slim demand Shanghai. May 7. INTERFAX-CHINA - Domestic spot prices for edible vegetable oil fell last week in thin turnover due to slim demand, as dealers showed caution towards new purchases, according industry reports. "The ...
Shanghai fuel oil futures rise following crude.
May 07, 2008 ... Shanghai fuel oil futures rise following crude Shanghai. May 7. INTERFAX-CHINA - Shanghai fuel oil futures rose on Wednesday after international crude oil prices breached new highs of $122 per barrel overnight, though their performance was weaker than international crude as well ...
China's satellite communications network in the South Pole up-and-running.
May 07, 2008 ... China's satellite communications network in the South Pole up-and-running Shanghai. May 7. INTERFAX-CHINA - A satellite communications network constructed by the China International Telecommunication Construction Corp. (CITCC) has been put into use in China's Changcheng Station ...
China press review for May 7, 2008 - the evening papers.
May 07, 2008 ... China press review for May 7, 2008 - the evening papers Shanghai. May 7. INTERFAX-CHINA - The following is a digest of Chinese newspapers published on May 7. Interfax does not accept any liability for information contained in these reports. Government & Policy The ...