China Business News back issues from July 2008:
China raises aviation fuel surcharges for domestic flights.
Jul 01, 2008 ... China raises aviation fuel surcharges for domestic flights Beijing. July 1. INTERFAX-CHINA - China has increased aviation fuel surcharges on domestic flight ticket prices as of today, the National Development and Reform Commission (NDRC) announced this morning. ...
Vietnam's coal export limits tighten coal supplies in Guangxi.
Jul 01, 2008 ... Vietnam's coal export limits tighten coal supplies in Guangxi Shanghai. July 1. INTERFAX-CHINA - Vietnam, currently in the throes of economic difficulties, has clamped down on coal exports, severely affecting supplies in China's neighboring Guangxi Autonomous Region, Chinese ...
Transneft could present feasibility study on ESPO branch to China in July (Repeat).
Jul 01, 2008 ... Transneft could present feasibility study on ESPO branch to China in July (Repeat) Madrid. July 1. INTERFAX - Russian pipeline operator Transneft could present Beijing with a preliminary feasibility study on a branch of the East Siberia-Pacific Ocean (ESPO) oil pipeline to China ...
China's software export revenues surge 45 pct year-on-year in first five months of 2008.
Jul 01, 2008 ... China's software export revenues surge 45 pct year-on-year in first five months of 2008 st1:*{behavior:url(#ieooui) } Shanghai. July 1. INTERFAX-CHINA - Revenues from China's software exports increased 45 percent year-on-year to reach $4.12 billion for the first five months of ...
Domestic spot coal prices will remain hot over summer - analyst.
Jul 01, 2008 ... Domestic spot coal prices will remain hot over summer - analyst Shanghai. July 1. INTERFAX-CHINA - Spot prices for coal in China continued to rise last week, despite the government's decision to freeze ex-works coal prices on June 20, and are likely to receive support from the ...
Fudan University sets up WHO collaborating center.
Jul 01, 2008 ... Fudan University sets up WHO collaborating center Shanghai. July 1. INTERFAX-CHINA - Fudan University's School of Public Heath recently established the World Health Organization Collaborating Center for Health Technology Assessment and Management, the first of its kind in the ...
China's soy meal market eases last week.
Jul 01, 2008 ... China's soy meal market eases last week Shanghai. July 1. INTERFAX-CHINA - China's soy meal spot market pulled back over the week ending June 29 after a series of hikes during the past month, which, according to Chinese analysts, could be attributed to the U.S. market's ...
Second coal export quota for 2008 to be lower than expected - report.
Jul 01, 2008 ... Second coal export quota for 2008 to be lower than expected - report Shanghai. July 1. INTERFAX-CHINA - This year's second batch of coal export licenses for Chinese companies, the final batch for this year, will total a comparatively low quota due to greater demand at home and ...
China press review for July 1, 2008 - the morning papers.
Jul 01, 2008 ... China press review for July 1, 2008 - the morning papers Shanghai. July 1. INTERFAX-CHINA - The following is a digest of Chinese newspapers published on July 1. Interfax does not accept any liability for information contained in these reports. Government & Policy ...
Indian iron ore CIF prices remain unchanged last week.
Jul 01, 2008 ... Indian iron ore CIF prices remain unchanged last week Shanghai. July 1. INTERFAX-CHINA - Average reference CIF (cost, insurance and freight) prices for Indian iron ore grading 63.5 percent fluctuated between $185 per ton and $190 per ton over the June 23 to June 27 period, ...
China's commodity futures trade soars in H1.
Jul 01, 2008 ... China's commodity futures trade soars in H1 Shanghai. July 1. INTERFAX-CHINA - Trade on China's three commodity futures markets topped RMB 35 trillion ($5.10 billion) for the first half this year, representing an annual increase of 142 percent, according to statistics provided ...
China's soybean baseline price to remain at minimum of $598 per ton.
Jul 01, 2008 ... China's soybean baseline price to remain at minimum of $598 per ton Shanghai. July 1. INTERFAX-CHINA - The Dalian Commodity Exchange (DCE) forecast on Friday that China's soybean baseline price will be RMB 4,100 ($597.67) per ton this year, based on increasing cultivation ...
Mianyang Gaoxin switching focus to copper mining.
Jul 01, 2008 ... Mianyang Gaoxin switching focus to copper mining Shanghai. July 1. INTERFAX-CHINA - Shanghai-listed Mianyang Gaoxin Industrial Group Inc. obtained shareholder approval yesterday to switch its core operations from infrastructure and real estate investment to copper mining, the ...
Namibia copper deposit attracts private Chinese interest.
Jul 01, 2008 ... Namibia copper deposit attracts private Chinese interest Shanghai. July 1. INTERFAX-CHINA - Privately-owned Beifang Tonghe Holdings Co. Ltd. (Beifang Tonghe) recently inked a memorandum of understanding with South African-based Hawa Holdings Co. Ltd. (Hawa) to acquire a 49 ...
China's installed wind power capacity to soar to 10,000 MW by year's end.
Jul 01, 2008 ... China's installed wind power capacity to soar to 10,000 MW by year's end Shanghai. July 1. INTERFAX-CHINA - China's total installed wind power capacity will reach 10,000 megawatts by the end of this year and is on course to reach 20,000 MW by 2010 as the country's wind power ...
Last Asian steel mills follow Baosteel, accept Rio price hike.
Jul 01, 2008 ... Last Asian steel mills follow Baosteel, accept Rio price hike By Ginger Ding Shanghai. July 1. INTERFAX-CHINA - The last Asian steel mills holding out on long term iron ore contracts with Rio Tinto have accepted price hikes in line with Baosteel Group's settlement with the ...
China's coastal transport market continues to fall.
Jul 01, 2008 ... China's coastal transport market continues to fall Shanghai. July 1. INTERFAX-CHINA - The China Coastal Bulk Freight Index (CCBFI), which measures activity in the country's coastal transport market, fell last week, continuing its downward slide since mid-June, state media ...
New lead smelting project in Qinghai underway.
Jul 01, 2008 ... New lead smelting project in Qinghai underway Shanghai. July 1. INTERFAX-CHINA - Construction on a 100,000-ton per annum lead smelting project in northwestern China's Qinghai Province began yesterday, state-run media reported today. Located in Qinghai's Golmud City, ...
China's foreign trade of electronic information products up 21.2 pct year-on-year in first five months.
Jul 01, 2008 ... China's foreign trade of electronic information products up 21.2 pct year-on-year in first five months Shanghai. July 1. INTERFAX-CHINA - China's import and export turnover of electronic information products reached $349.85 billion during the first five months of 2008, a ...
Kremenchuk plant to begin assembling Geely FC cars in August (Repeat).
Jul 01, 2008 ... Kremenchuk plant to begin assembling Geely FC cars in August (Repeat) Moscow. July 1. INTERFAX - The Kremenchuhk Motor Vehicle Assembly Plant (KrASZ), under AIS Corp., plans to begin assembling China's Geely FC vehicles with 1.8 liter engines this August, the plant's director ...
China raises on-grid power tariffs by $3.62 per MWh - report.
Jul 01, 2008 ... China raises on-grid power tariffs by $3.62 per MWh - report Shanghai. July 1. INTERFAX-CHINA - China has raised on-grid power tariffs, or prices power plants sell electricity to grid companies at, by RMB 25 ($3.62) per megawatt hour, effective today, of which an average RMB 17 ...
Nickel concentrate production begins at Albidon's Zambian project, ready for Jinchuan.
Jul 01, 2008 ... Nickel concentrate production begins at Albidon's Zambian project, ready for Jinchuan Shanghai. July 1. INTERFAX-CHINA - Australian and London-listed Albidon Ltd. announced today that its nickel sulfide project in Zambia has commenced production and is expected to produce 10,000 ...
China press review for July 1, 2008 - the evening papers.
Jul 01, 2008 ... China press review for July 1, 2008 - the evening papers Shanghai. July 1. INTERFAX-CHINA - The following is a digest of Chinese newspapers published on July 1. Interfax does not accept any liability for information contained in these reports. GOVERNMENT & POLICY ...
SMG aims to launch two free-to-air HD channels by 2010.
Jul 01, 2008 ... SMG aims to launch two free-to-air HD channels by 2010 Shanghai. July 1. INTERFAX-CHINA - Shanghai Media Group, the second largest media group in China, will launch two free-to-air high-definition (HD) TV channels in time for the 2010 Shanghai World Expo, a source close to the ...
Retail outlet launch marks CMMB's commercialization.
Jul 01, 2008 ... Retail outlet launch marks CMMB's commercialization Beijing. July 1. INTERFAX-CHINA - China's CMMB (China Mobile Multimedia Broadcast) mobile TV network was commercially inaugurated last Friday with the launch in Beijing of the country's first retail outlet focused on CMMB ...
Almost half of global soybean exports to end up in China.
Jul 01, 2008 ... Almost half of global soybean exports to end up in China By Yu Chenxi Shanghai. July 1. INTERFAX-CHINA - China will snap up 45.2 percent of all soybean exports worldwide this year while international prices look set to climb, soybean industry insiders forecast at the China ...
BGCTV receives $10.2 mln subsidy to encourage digital TV uptake.
Jul 01, 2008 ... BGCTV receives $10.2 mln subsidy to encourage digital TV uptake Shanghai. July 1. INTERFAX-CHINA - Beijing Gehua CATV Network Co. Ltd. (BGCTV) announced today that it received a subsidy of RMB 70 million ($10.2 million) from the Beijing Municipal Bureau of Radio and ...
Further cooperation possible with Chinese contractors on ESPO - Transneft (Repeat).
Jul 01, 2008 ... Further cooperation possible with Chinese contractors on ESPO - Transneft (Repeat) Madrid. July 1. INTERFAX - Russia's Transneft could continue its cooperation with Chinese contractors in the construction of the East Siberia-Pacific Ocean oil pipeline (ESPO), Transneft President ...
Youku receives $40 mln capital injection.
Jul 01, 2008 ... Youku receives $40 mln capital injection Shanghai. July 1. INTERFAX-CHINA - Youku, one of China's leading video sharing Web sites, announced yesterday it has completed its fourth round of financing, worth $40 million. Youku's original investors Bain Capital, Sutter ...
China commodity futures trade up by half in H1.
Jul 01, 2008 ... China commodity futures trade up by half in H1 Shanghai. July 1. INTERFAX-CHINA - Trade on China's three commodity futures markets topped RMB 35 trillion ($5.10 billion) for the first half this year, representing an annual increase of 142 percent, according to statistics ...
Chinese reserves authorities to stockpile 300,000 tons of sugar from July 8.
Jul 01, 2008 ... Chinese reserves authorities to stockpile 300,000 tons of sugar from July 8 Shanghai. July 1. INTERFAX-CHINA - China's state reserves authorities will officially start a 300,000-ton sugar stockpiling program on July 8, the National Development and Reform Commission (NDRC) ...
Financials push Chinese equities lower.
Jul 01, 2008 ... Financials push Chinese equities lower Shanghai. July 1. INTERFAX-CHINA - Chinese equities extended losses on Tuesday, which was led by a sharp fall in financials. The benchmark Shanghai composite index (SCI) dropped 84.50 points, or 3.09 percent, finishing the day at ...
China to construct Caribbean aluminum smelter.
Jul 01, 2008 ... China to construct Caribbean aluminum smelter Shanghai. July 1. INTERFAX-CHINA - China National Machinery Industry Corp. (Sinomach), China's state-owned project contractor, is to construct a 125,000-ton aluminum smelter in the southern Caribbean Republic of Trinidad and Tobago, ...
Chinese company to build water mains in Uzbekistan (Repeat).
Jul 01, 2008 ... Chinese company to build water mains in Uzbekistan (Repeat) Tashkent. July 1. INTERFAX - The government of Uzbekistan and China National Chemical Engineering Group Corp. have signed a $45 million contract for building water mains in the Fergana and Andizhan regions, a government ...
Rosneft may review price China pays for oil (repeat).
Jul 02, 2008 ... Rosneft may review price China pays for oil (repeat) Madrid. July 2. INTERFAX - Russian oil company Rosneft does not rule out a review of the price it charges for crude oil delivered to China, Rosneft President Sergei Bogdanchikov told journalists in Madrid on Tuesday. ...
Chinese equities tumble despite government pep talk.
Jul 02, 2008 ... Chinese equities tumble despite government pep talk Shanghai. July 2. INTERFAX-CHINA - Chinese equities tumbled in the week ending Wednesday despite active encouragement from the government. China's economic fundamentals are generally sound and the stock market will ...
Hurray stepping further into entertainment biz with new agency.
Jul 02, 2008 ... Hurray stepping further into entertainment biz with new agency Beijing. July 2. INTERFAX-CHINA - Hurray Group, a Chinese wireless value-added service and software provider, announced the launch of its own entertainment agency on Monday, marking further inroads by the company ...
Sinopec's July ethylene output cut will not significantly affect PE prices - analyst.
Jul 02, 2008 ... Sinopec's July ethylene output cut will not significantly affect PE prices - analyst Shanghai. July 2. INTERFAX-CHINA - China Petroleum & Chemical Corp. (Sinopec), China's largest state-owned oil refiner, will cut its July ethylene output by 12 percent, though an ...
UTStarcom selling handset division for $240 mln.
Jul 02, 2008 ... UTStarcom selling handset division for $240 mln Shanghai. July 2. INTERFAX-CHINA - Nasdaq-listed UTStarcom Inc. announced yesterday it will sell its personal communications division for $240 million to a new entity controlled by AIG Vantage Capital, part of AIG ...
China's copper prices to remain strong into August - analysts.
Jul 02, 2008 ... China's copper prices to remain strong into August - analysts Shanghai. July 2. INTERFAX-CHINA - China's copper prices may stay strong over July and August, traditionally slack months for copper prices and consumption, due to a variety of factors, analysts told Interfax ...
Hongqi Group to construct 70,000-ton copper fabrication facility in Jiangxi.
Jul 02, 2008 ... Hongqi Group to construct 70,000-ton copper fabrication facility in Jiangxi Shanghai. July 2. INTERFAX-CHINA - Hongqi Group recently entered into an agreement with local authorities to construct a 70,000-ton copper fabrication facility in Jiangxi Province's Guixi City, the ...
Wuhan National Pharma Technology selling off floundering subsidiaries.
Jul 02, 2008 ... Wuhan National Pharma Technology selling off floundering subsidiaries Shanghai. July 2. INTERFAX-CHINA - Shanghai-listed Wuhan National Pharmaceutical Technology Co. Ltd. announced yesterday it is selling off two floundering subsidiaries, Hubei Spring Pharmacy China Co. Ltd. and ...
SHFE fuel oil futures hit a new high.
Jul 02, 2008 ... SHFE fuel oil futures hit a new high Shanghai. July 2. INTERFAX-CHINA - Fuel oil futures on the Shanghai Futures Exchange (SHFE) continued to rise today, on strong performance by international crude oil futures overnight. The most-traded 2008 September delivery at the ...
Uzbekistan-China gas pipeline construction gets underway (repeat).
Jul 02, 2008 ... Uzbekistan-China gas pipeline construction gets underway (repeat) st1:*{behavior:url(#ieooui) } Tashkent. July 2. INTERFAX - The construction of the Uzbekistan-China gas pipeline for the Turkmen gas transit has begun near the village of Sayet in Dzhondor district in Uzbekistan's ...
Shougang to see costs rise by $403 mln due to iron ore price hikes.
Jul 02, 2008 ... Shougang to see costs rise by $403 mln due to iron ore price hikes Shanghai. July 2. INTERFAX-CHINA - Shoudu Iron and Steel Group (Shougang) will see its production costs increase by RMB 2.77 billion ($403.74 million) this year due to rising iron ore prices, the company ...
Sugarcane cultivation in Guangxi expands in 2008/2009 season.
Jul 02, 2008 ... Sugarcane cultivation in Guangxi expands in 2008/2009 season Shanghai. July 2. INTERFAX-CHINA - Sugarcane cultivation in the Guangxi Zhuang Autonomous Region, China's main sugar production region, expanded in the 2008/2009 season despite the 2007/2008 crop producing a large ...
MOFCOM explains reasoning behind oil-bearing product import reporting.
Jul 02, 2008 ... MOFCOM explains reasoning behind oil-bearing product import reporting Shanghai. July 2. INTERFAX-CHINA - The Ministry of Commerce (MOFCOM) will require edible oil and oil crop importers to report shipment details to the government from Aug. 1 in a move to increase transparency ...
Ku6.com becomes CCTV's sole online partner for Olympic VOD.
Jul 02, 2008 ... Ku6.com becomes CCTV's sole online partner for Olympic VOD Beijing. July 2. INTERFAX-CHINA - Ku6.com will be CCTV.com's sole online partner for video-on-demand (VOD) re-broadcasting of Beijing Olympic Games coverage, the company announced in Beijing yesterday. Li ...
CCIA warns of possible coke export tax hike - report.
Jul 02, 2008 ... CCIA warns of possible coke export tax hike - report Shanghai. July 2. INTERFAX-CHINA - China's growing coke exports may trigger an export tax hike in the future, according to a senior official with the China Coke Industry Association (CCIA), state-run media reported today. ...
Tudou co-founder spills the beans on gaming portal success in China.
Jul 02, 2008 ... Tudou co-founder spills the beans on gaming portal success in China By Chen Shasha Shanghai. July 2. INTERFAX-CHINA - Despite regulatory challenges, the huge potential of China's game industry has attracted many foreign companies. China had 120 million online gamers ...
Conba Pharma to set up packaging subsidiary.
Jul 02, 2008 ... Conba Pharma to set up packaging subsidiary Shanghai. July 2. INTERFAX-CHINA - Zhejiang Conba Pharmaceutical Co. Ltd. announced yesterday plans to set up a subsidiary pharmaceutical packaging company to meet Conba Pharma's rising packaging needs. The new ...
Gansu approves Jiuquan Steel Group and EIA subsidiary joint venture.
Jul 02, 2008 ... Gansu approves Jiuquan Steel Group and EIA subsidiary joint venture Shanghai. July 2. INTERFAX-CHINA - Gansu-based Jiuquan Iron and Steel Group has received approval from the Gansu provincial government to establish a joint venture with a subsidiary of the Kazakhstan-based ...
China press review for July 2, 2008 - the evening papers.
Jul 02, 2008 ... China press review for July 2, 2008 - the evening papers st1:*{behavior:url(#ieooui) } Shanghai. July 2. INTERFAX-CHINA - The following is a digest of Chinese newspapers published on July 2. Interfax does not accept any liability for information contained in these reports. ...
Motorola drops to fourth place by GSM mobile phone shipments in China in May.
Jul 02, 2008 ... Motorola drops to fourth place by GSM mobile phone shipments in China in May Shanghai. July 2. INTERFAX-CHINA - Nokia Corp. and Samsung Group held onto their first and second positions for GSM mobile phone shipments in China in May by shipping 4.37 million and 2.31 million ...
Giant steps into 51.com with $51 mln stake purchase.
Jul 02, 2008 ... Giant steps into 51.com with $51 mln stake purchase Beijing. July 2. INTERFAX-CHINA - Giant Interactive Group Inc., one of China's leading online game developers and operators, has purchased a 25 percent stake in online Chinese social networking service provider 51.com for $51 ...
TMT industries China's top venture capital targets in Q2.
Jul 02, 2008 ... TMT industries China's top venture capital targets in Q2 Shanghai. July 2. INTERFAX-CHINA - The telecom, media and technology (TMT) industries were the top recipients of venture capital investment in China during the second quarter of this year, as well the top markets for ...
BYD's stay application on second Foxconn lawsuit rejected.
Jul 02, 2008 ... BYD's stay application on second Foxconn lawsuit rejected Shanghai. July 2. INTERFAX-CHINA - A stay application by BYD on a second lawsuit brought against it by Foxconn in Hong Kong was recently turned down by the High Court of the Hong Kong Special Administrative Region, ...
China mulls over resuming copper concentrate processing trade.
Jul 02, 2008 ... China mulls over resuming copper concentrate processing trade By Ida Chen Shanghai. July 2. INTERFAX-CHINA - The Chinese government is considering whether to resume copper concentrate processing trade, which if it does, will give domestic copper smelters some breathing space ...
Shanghai delays free-to-air TV analog-to-digital migration - insider.
Jul 02, 2008 ... Shanghai delays free-to-air TV analog-to-digital migration - insider Shanghai. July 2. INTERFAX-CHINA - Shanghai Municipality has delayed the analog-to-digital migration of free-to-air TV broadcasts, an industry official, said yesterday. On Monday, the Shanghai ...
China press review for July 2, 2008 - the morning papers.
Jul 02, 2008 ... China press review for July 2, 2008 - the morning papers Shanghai. July 2. INTERFAX-CHINA - The following is a digest of Chinese newspapers published on July 2. Interfax does not accept any liability for information contained in these reports. Government & Policy ...
China eliminates 5,790 MW of small-scale thermal power capacity in first five months.
Jul 02, 2008 ... China eliminates 5,790 MW of small-scale thermal power capacity in first five months Shanghai. July 2. INTERFAX-CHINA - China eliminated 868 small-scale thermal power generators during the first five months of this year, with a total generation capacity of 5,790 megawatts (MW), ...
Beijing compensating local taxis for higher gas prices.
Jul 02, 2008 ... Beijing compensating local taxis for higher gas prices Beijing. July 2. INTERFAX-CHINA - Beijing's municipal government announced yesterday it will provide local taxi drivers a temporary subsidy of RMB 525 ($76.51) per month to compensate for increased gasoline costs, brought on ...
Guangzhou to be home to South China New Drug Development Center.
Jul 02, 2008 ... Guangzhou to be home to South China New Drug Development Center Shanghai. July 2. INTERFAX-CHINA - The proposed South China New Drug Development Center will be set up in the Guangzhou Development District, the Guangdong provincial department of science and technology announced ...
China Biologic Products to set up new plasma collection station in Guangxi.
Jul 02, 2008 ... China Biologic Products to set up new plasma collection station in Guangxi Shanghai. July 2. INTERFAX-CHINA - OTCBB-listed blood product manufacturer China Biologic Products Inc. has obtained local health authority approval to set up a new plasma collection station in the ...
China's corn price will be supported by high costs and tight supply in Q3 - analyst.
Jul 02, 2008 ... China's corn price will be supported by high costs and tight supply in Q3 - analyst By Yu Chenxi Shanghai. July 2. INTERFAX-CHINA - China's corn price will grow modestly over the third quarter of this year on the back of rising cultivation costs and tight supply, according to ...