China Business News back issues from August 2008:
Chengdu to invest $1.10 bln to restore public medical health care system.
Aug 01, 2008 ... Chengdu to invest $1.10 bln to restore public medical health care system Shanghai. August 1. INTERFAX-CHINA - The Chengdu municipal government will invest RMB 7.5 billion ($1.10 billion) within the next three years to rebuild the public medical health care system in Chengdu, ...
Chinese equities soften despite falling crude and U.S. stock market recovery.
Aug 01, 2008 ... Chinese equities soften despite falling crude and U.S. stock market recovery Shanghai. August 1. INTERFAX-CHINA - Chinese equities softened in the week ending Aug. 1 on dampened investor sentiment, despite the continuous plunge in crude oil prices and a slight rebound in the ...
SHFE fuel oil futures volatile as international crude unstable.
Aug 01, 2008 ... SHFE fuel oil futures volatile as international crude unstable Shanghai. August 1. INTERFAX-CHINA - Fuel oil futures on the Shanghai Futures Exchange (SHFE) were volatile over the week ending Aug. 1, tracking the movement of international crude oil futures prices. ...
MCC teams up with Evraz to develop Cape Lambert iron ore project.
Aug 01, 2008 ... MCC teams up with Evraz to develop Cape Lambert iron ore project Shanghai. August 1. INTERFAX-CHINA - State-owned China Metallurgical Group Corp. (MCC) recently entered into an agreement with the Russian- based and London-listed Evraz Group S.A. to jointly develop the Cape ...
China's steel market to face surplus in H2 - CISA official.(Conference notes)
Aug 01, 2008 ... China's steel market to face surplus in H2 - CISA official Shanghai. August 1. INTERFAX-CHINA - China's steel market is likely to face a surplus in the second half of this year, as domestic crude steel production capacity continues to increase and downstream consumption growth ...
Yuyue Medical net profit up 52.61 pct year-on-year in H1.
Aug 01, 2008 ... Yuyue Medical net profit up 52.61 pct year-on-year in H1 Shanghai. August 1. INTERFAX-CHINA - One of China's leading medical device manufacturers, Jiangsu Yuyue Medical Equipment & Supply Co. Ltd., reported business revenue of RMB 198.64 million ($29.21 million) and net profit ...
China to continue to open its doors to foreign media after Games - official.
Aug 01, 2008 ... China to continue to open its doors to foreign media after Games - official Shanghai. August 1. INTERFAX-CHINA - China will continue to open its doors to foreign media after the Beijing Olympic Games, a top official from the General Administration of Press and Publication said ...
Prices still high despite bumper rice harvest on the horizon.
Aug 01, 2008 ... Prices still high despite bumper rice harvest on the horizon Shanghai. August 1. INTERFAX-CHINA - Prices of early Indica rice are lingering at high levels at present despite predictions by the Ministry of Agriculture on July 31 that China's early Indica rice production will ...
PetroChina to continue building petrochemical base in post-quake Pengzhou - report.
Aug 01, 2008 ... PetroChina to continue building petrochemical base in post-quake Pengzhou - report Shanghai. August 1. INTERFAX-CHINA - PetroChina Corp., the second largest oil refiner in China, announced it will continue plans to build a petrochemical base in Sichuan Province, after a positive ...
Shanghai lets state-owned media companies list editorial units.(Editorial)
Aug 01, 2008 ... Shanghai lets state-owned media companies list editorial units Shanghai. August 1. INTERFAX-CHINA - Shanghai-based units of state-owned media companies that produce media content, which were previously not allowed to list on any stock market, will now be allowed to do so after ...
China Mobile to provide 25 types of wireless services during Olympics.
Aug 01, 2008 ... China Mobile to provide 25 types of wireless services during Olympics Shanghai. August 1. INTERFAX-CHINA - China Mobile Communications Corp. announced on Aug. 1 that it will provide 25 types of wireless services to event organizers, media workers and general ...
Western Mining net profit drops almost 16 pct year-on-year in H1.
Aug 01, 2008 ... Western Mining net profit drops almost 16 pct year-on-year in H1 Shanghai. August 1. INTERFAX-CHINA - Shanghai-listed Western Mining Co. Ltd. recorded a net profit drop of 15.74 percent on an annual basis to RMB 720.15 million ($105.36 million) in the first half, due ...
NDRC stats reveal mixed fortunes among China's energy sectors in H1.
Aug 01, 2008 ... NDRC stats reveal mixed fortunes among China's energy sectors in H1 Beijing. August 1. INTERFAX-CHINA - The performance of different energy- related sectors in China over the first half of 2008 varied, according to statistics released by the National Development and Reform ...
China press review for August 1, 2008 - the evening papers.
Aug 01, 2008 ... China press review for August 1, 2008 - the evening papers Shanghai. August 1. INTERFAX-CHINA - The following is a digest of Chinese newspapers published on Aug. 1. Interfax does not accept any liability for information contained in these reports. Government & Policy ...
China tightens supervision of cartoons, comics and online games.
Aug 01, 2008 ... China tightens supervision of cartoons, comics and online games Beijing. August 1. INTERFAX-CHINA - The State Council recently amended the responsibilities, organizational structure and staffing of the General Administration of Press and Publication (GAPP) so as to strengthen ...
Pangang and Asian partners to bring steel processing to Chongqing.
Aug 01, 2008 ... Pangang and Asian partners to bring steel processing to Chongqing Shanghai. August 1. INTERFAX-CHINA - Panzhihua Iron and Steel Group Co. Ltd. (Pangang), a leading Chinese steelmaker, will join forces with Japanese steelmaker Marubeni-Itochu Steel Inc. and Taiwanese ...
Bridge Laboratories to expand pre-clinical services in China.
Aug 01, 2008 ... Bridge Laboratories to expand pre-clinical services in China Shanghai. August 1. INTERFAX-CHINA - Bridge Laboratories, headquartered in Maryland in the United States, announced on July 29 that it would build a second pre-clinical outsourcing facility in Beijing as part of its ...
Shougang and Datong Coal complete feasibility study for steelworks project.
Aug 01, 2008 ... Shougang and Datong Coal complete feasibility study for steelworks project Shanghai. August 1. INTERFAX-CHINA - Shoudu Iron and Steel Group (Shougang) has completed a feasibility study of a joint steelworks project in Shanxi Province's Datong City with Datong Coal Mine Group ...
Chinese sugar producers eyeing Hong Kong IPO.
Aug 01, 2008 ... Chinese sugar producers eyeing Hong Kong IPO Shanghai. August 1. INTERFAX-CHINA - Two Chinese sugar producers, Yunnan Yingmao Group and Guangxi State Farms Sugar Group (GSFS), are preparing for an initial public offering (IPO) on the Hong Kong Stock Exchange, industry insiders ...
Inflation, not demand, behind June's record retail sales growth - analyst.
Aug 01, 2008 ... Inflation, not demand, behind June's record retail sales growth - analyst Shanghai. August 1. INTERFAX-CHINA - China's record high growth in retail sales in June was driven by inflation rather than robust domestic consumption, an analyst told Interfax July 31. ...
Soy oil down with little hope for rebound in August - Chinese analysts.
Aug 01, 2008 ... Soy oil down with little hope for rebound in August - Chinese analysts Shanghai. August 1. INTERFAX-CHINA - Domestic prices of soy oil on both futures and spot markets have fallen over the month of July, which looks set to continue in August, analysts told Interfax on Aug. 1. ...
Xinyu Steel and Changli Steel to construct 1 mln-ton coking facility in Jiangxi.
Aug 01, 2008 ... Xinyu Steel and Changli Steel to construct 1 mln-ton coking facility in Jiangxi Shanghai. August 1. INTERFAX-CHINA - Xinyu Iron and Steel Co. Ltd. and Shanghai-listed Nanchang Changli Iron and Steel Co. Ltd. plan to construct a 1 million-ton coking facility in Jiangxi Province's ...
China's steel output to continue to bulge this year - CISA.
Aug 01, 2008 ... China's steel output to continue to bulge this year - CISA Shanghai. August 1. INTERFAX-CHINA - Growing production costs, tightening credit and outdated capacity elimination policies will not reverse China's bulging steel output this year, senior officials with the China Iron ...
China Mobile to expand TD-SCDMA coverage to 18 more cities after Olympics - report.
Aug 01, 2008 ... China Mobile to expand TD-SCDMA coverage to 18 more cities after Olympics - report Shanghai. August 1. INTERFAX-CHINA - China Mobile Communications Corp. has received approval from the Ministry of Industry and Information Technology (MIIT) to expand its TD-SCDMA ...
Trading turnover of China's commodity futures tops $6.10 bln in first seven months.
Aug 01, 2008 ... Trading turnover of China's commodity futures tops $6.10 bln in first seven months Shanghai. August 1. INTERFAX-CHINA - China's futures markets recorded RMB 41.45 trillion ($6.10 billion) in trading turnover over the first seven months of this year, an annual increase of 128.26 ...
CPI may become major shareholder in Dongfang Thermoelectric.
Aug 01, 2008 ... CPI may become major shareholder in Dongfang Thermoelectric Beijing. August 1. INTERFAX-CHINA - Shenzhen-listed Shijiazhuang Dongfang Thermoelectric Co. Ltd. announced on July 31 that China Power Investment Corp. (CPI) may become the company's major shareholder, replacing the ...
Hisense's new line to produce 2 mln TD-SCDMA/GSM handsets in 2009.
Aug 01, 2008 ... Hisense's new line to produce 2 mln TD-SCDMA/GSM handsets in 2009 Shanghai. August 1. INTERFAX-CHINA - Qingdao Hisense Communication Co. Ltd. announced July 31 that its new TD-SCDMA/GSM handset production line is operational, and is expected to produce 2 million ...
Changhong to build China's first CRT recycling line by year's end.
Aug 01, 2008 ... Changhong to build China's first CRT recycling line by year's end Beijing. August 1. INTERFAX-CHINA - Changhong Electric Co. Ltd., a Chinese home appliance manufacturer, announced that it will build China's first recycling line for disposed cathode ray tube (CRT) TV recycling ...
CCTV, IMG team up to explore sports media and events in China.
Aug 01, 2008 ... CCTV, IMG team up to explore sports media and events in China Beijing. August 1. INTERFAX-CHINA - China Central Television (CCTV) and IMG Worldwide Inc., a multinational sports and entertainment media and events organizer, announced in Beijing on July 31 the formation of a joint ...
Mobile entertainment and gaming revving up - CEO of V8 International.(Company overview)
Aug 01, 2008 ... Mobile entertainment and gaming revving up - CEO of V8 International By Zhang Danwei Shanghai. August 1. INTERFAX-CHINA - Which services are profitable on mobile handsets, and which are not, is a question most mobile value-added service providers spend much of their time ...
China press review for August 1, 2008 - the morning papers.
Aug 01, 2008 ... China press review for August 1, 2008 - the morning papers Shanghai. August 1. INTERFAX-CHINA - The following is a digest of Chinese newspapers published on August 1. Interfax does not accept any liability for information contained in these reports. Government & ...
Fantong.com served $4 mln in VC investment, hungry for 50 more cities - CFO.
Aug 01, 2008 ... Fantong.com served $4 mln in VC investment, hungry for 50 more cities - CFO Shanghai. August 1. INTERFAX-CHINA - Fantong.com, a Chinese restaurant search engine and booking service operator, received $4 million in venture capital investment from Japan Asia Investment Co. Ltd, ...
Guangxi's sugar output continues to outpace sales.
Aug 04, 2008 ... Guangxi's sugar output continues to outpace sales Shanghai. August 4. INTERFAX-CHINA - The Guangxi Zhuang Autonomous Region, China's largest sugar producing region, recorded a sugar sales/ output ratio of 77.03 percent for the November 2007 to July 2008 period, down 7.18 ...
Shanghai Telecom to launch two HD IPTV channels, subscriber number reaches 510,000.
Aug 04, 2008 ... Shanghai Telecom to launch two HD IPTV channels, subscriber number reaches 510,000 Shanghai. August 4. INTERFAX-CHINA - China Telecom's Shanghai subsidiary will launch two high-definition (HD) Internet protocol television (IPTV) channels in time for the Olympics, and its IPTV ...
Shandong's alumina producers scale back output on Chalco price cut pressure.
Aug 04, 2008 ... Shandong's alumina producers scale back output on Chalco price cut pressure By Li Chunlan and Ginger Ding Shanghai. August 4. INTERFAX-CHINA - A number of alumina producers in northern China's Shandong Province have suspended part of their production capacity after the Aluminum ...
Small textiles businesses weeded out in H1 as industry enters consolidation period - NDRC.
Aug 04, 2008 ... Small textiles businesses weeded out in H1 as industry enters consolidation period - NDRC Shanghai. August 4. INTERFAX-CHINA - Over 10,000 small manufacturers of textiles and textile products in China went bankrupt in the first half of this year, according to primary statistics ...
Palm oil spot prices fall in China on slim trading.
Aug 04, 2008 ... Palm oil spot prices fall in China on slim trading Shanghai. August 4. INTERFAX-CHINA - Prices for palm oil on the Chinese spot market fell sharply from July 25 to Aug. 4, as increasing volumes of imported palm oil reached domestic ports in the last 10 days of July but slim ...
China's Anti-monopoly Law could pose hurdle for BHP-Rio merger.
Aug 04, 2008 ... China's Anti-monopoly Law could pose hurdle for BHP-Rio merger Shanghai. August 4. INTERFAX-CHINA - Chinese authorities are unlikely to give the green light to BHP Billiton's proposed merger with its Australian counterpart Rio Tinto, one of the preconditions for the merger, ...
Zijin Mining may purchase controlling stake in gold and copper project in the Philippines.
Aug 04, 2008 ... Zijin Mining may purchase controlling stake in gold and copper project in the Philippines Shanghai. August 4. INTERFAX-CHINA - Dual Shanghai and Hong Kong-listed Zijin Mining Group may soon receive approval from the Philippine government to buy up to a 60 percent stake in a gold ...
Coal shortages causing power shortfall in Shandong.
Aug 04, 2008 ... Coal shortages causing power shortfall in Shandong Shanghai. August 4. INTERFAX-CHINA - Limited coal supplies are causing severe power shortages in Shandong Province, a Shandong official said on Aug. 4. The official with the Shandong Provincial Economic and Trading ...
Chinese equities extend losses.
Aug 04, 2008 ... Chinese equities extend losses Shanghai. August 4. INTERFAX-CHINA - Chinese equities extended losses on Aug. 4 as investor sentiment failed to perk up. The benchmark Shanghai composite index (SCI) lowered 60.08 points, or 2.14 percent, finishing the day at 2,741.74 ...
KazMunayGas, CNPC ink contract for Kazakhstan-China gas pipeline (Repeat).
Aug 04, 2008 ... KazMunayGas, CNPC ink contract for Kazakhstan-China gas pipeline (Repeat) Astana. August 4. INTERFAX-KAZAKHSTAN - Kazakh oil and gas company KazMunayGas and China National Petroleum Corp. (CNPC) signed on July 30 an agreement on the construction and operation of the ...
China press review for August 4, 2008 - the evening papers.
Aug 04, 2008 ... China press review for August 4, 2008 - the evening papers Shanghai. August 4. INTERFAX-CHINA - The following is a digest of Chinese newspapers published on Aug. 4. Interfax does not accept any liability for information contained in these reports. Government & Policy ...
Vale orders 12 VLOCs from China to ensure Asian iron ore deliveries.
Aug 04, 2008 ... Vale orders 12 VLOCs from China to ensure Asian iron ore deliveries Shanghai. August 4. INTERFAX-CHINA - Brazilian iron ore giant Vale recently ordered 12 very large ore carriers (VLOCs) from a Chinese shipbuilding company in order to secure transportation of iron ore from ...
VAM-based CDM projects to become mainstream - expert.
Aug 04, 2008 ... VAM-based CDM projects to become mainstream - expert By Jing Yang Shanghai. August 4. INTERFAX-CHINA - Ventilation air methane (VAM) utilization projects in coalmines will become the mainstream methane- related projects in China that are likely to achieve registration with the ...
China allocates over $390 mln to purchase medical equipment for rural hospitals.
Aug 04, 2008 ... China allocates over $390 mln to purchase medical equipment for rural hospitals Shanghai. August 4. INTERFAX-CHINA - China will spend approximately RMB 2.7 billion ($394.74 million) on the purchase of medical equipment for medical institutions in rural areas, an official from ...
Tianyin Pharma obtains SFDA approval for simvastatin tablets.
Aug 04, 2008 ... Tianyin Pharma obtains SFDA approval for simvastatin tablets Shanghai. August 4. INTERFAX-CHINA - OTCBB-listed Tianyin Pharmaceutical Co. Ltd. has obtained State Food and Drug Administration (SFDA) approval to produce simvastatin tablets, the company announced Aug. 1. ...
Heilongjiang plans to become another pilot region for SO2 emissions trading.
Aug 04, 2008 ... Heilongjiang plans to become another pilot region for SO2 emissions trading Shanghai. August 4. INTERFAX-CHINA - China's northeastern Heilongjiang Province aims to obtain central government approval to become another pilot region for sulfur dioxide (SO2) emission quota trading, ...
China press review for August 4, 2008 - the morning papers.
Aug 04, 2008 ... China press review for August 4, 2008 - the morning papers Shanghai. August 4. INTERFAX-CHINA - The following is a digest of Chinese newspapers published on August 4. Interfax does not accept any liability for information contained in these reports. Government & ...
Hualan Biological to raise $41 mln to expand production capacity.
Aug 04, 2008 ... Hualan Biological to raise $41 mln to expand production capacity Shanghai. August 4. INTERFAX-CHINA - Shenzhen-listed Hualan Biological Engineering Co. Ltd., one of China's leading blood product manufacturers, announced on Aug. 1 that the company will raise RMB 280 million ...
Guangdong encourages novel drug sales in online bidding process - official.
Aug 04, 2008 ... Guangdong encourages novel drug sales in online bidding process - official Shanghai. August 4. INTERFAX-CHINA - The Guangdong provincial drug bidding center's adoption of a policy will encourage sales of novel and high-quality drugs via its online bidding procurement process, an ...
China's CPI growth in July expected to cool to around 6.5 pct.
Aug 04, 2008 ... China's CPI growth in July expected to cool to around 6.5 pct Shanghai. August 4. INTERFAX-CHINA - Growth of China's consumer price index (CPI) in July is expected to decline for the third consecutive month, down from 7.1 percent year-on-year in June to around 6.5 percent, the ...
Changhong top Chinese manufacturer by GSM mobile phone shipments in June.
Aug 04, 2008 ... Changhong top Chinese manufacturer by GSM mobile phone shipments in June Shanghai. August 4. INTERFAX-CHINA - Changhong Electric Co. Ltd. shipped 681,000 GSM mobile phones to distributors in June, making it the top Chinese manufacturer of GSM mobile phones by domestic market ...
Zhejiang hospital launches long-distance diagnosis center.
Aug 04, 2008 ... Zhejiang hospital launches long-distance diagnosis center Shanghai. August 4. INTERFAX-CHINA - The Second Affiliated Hospital of Zhejiang University's School of Medicine has officially opened a center to diagnose patients who live in remote areas of the province, according to a ...
Large-scale science base passes national checks.
Aug 04, 2008 ... Large-scale science base passes national checks Shanghai. August 4. INTERFAX-CHINA - China's key large-scale science base, the Heavy Ion Research Facility - Cooler Storage Ring (HIRFL-CSR) in Lanzhou City, passed national checks on July 30, according to an announcement by the ...
CORRECTED: Changhong top Chinese manufacturer by GSM mobile phone shipments in June.
Aug 04, 2008 ... CORRECTED: Changhong top Chinese manufacturer by GSM mobile phone shipments in June Shanghai. August 4. INTERFAX-CHINA - Changhong Electric Co. Ltd. shipped 681,000 GSM mobile phones to distributors in June, making it the top Chinese manufacturer of GSM mobile phones by domestic ...
Alibaba.com launches service for foreign enterprises trading in China.
Aug 04, 2008 ... Alibaba.com launches service for foreign enterprises trading in China Shanghai. August 4. INTERFAX-CHINA - Alibaba.com, China's largest online business-to-business (B2B) service operator, announced on Aug. 2 that it has started beta testing a new service designed to help ...
China likely to launch steel product futures trading after Olympics - report.
Aug 04, 2008 ... China likely to launch steel product futures trading after Olympics - report Shanghai. August 4. INTERFAX-CHINA - The Shanghai Futures Exchange (SHFE) will likely launch steel product futures trading after the Beijing Olympics Games, a senior official with the China Iron and ...
Lenovo Mobile giving China Mobile 3,000 CMMB-enabled TD-SCDMA handsets.
Aug 04, 2008 ... Lenovo Mobile giving China Mobile 3,000 CMMB-enabled TD-SCDMA handsets Beijing. August 4. INTERFAX-CHINA - Lenovo Mobile Communication Technology Ltd. will supply, free of charge, 3,000 TD-SCDMA mobile phones with China Mobile Multimedia Broadcast (CMMB) technology to China ...
Jiangsu Hengrui's net profit up 24.75 pct in H1.(Financial report)
Aug 04, 2008 ... Jiangsu Hengrui's net profit up 24.75 pct in H1 Shanghai. August 4. INTERFAX-CHINA - Jiangsu Hengrui Medicine Co. Ltd. reported on Aug. 1 year-on-year net profit growth of 24.75 percent for the first six months of this year, with net profit of RMB 191.82 million ...
China's iron ore stockpiles down to 73.5 mln tons by Aug. 1.
Aug 04, 2008 ... China's iron ore stockpiles down to 73.5 mln tons by Aug. 1 Shanghai. August 4. INTERFAX-CHINA - Iron ore stockpiles at China's 23 major ports stood at 73.5 million tons on Aug. 1, down 0.55 percent from July 25, while Indian iron ore stockpiles edged up 0.63 percent to 20.83 ...
Guangji Pharma to increase vitamin B2 project investment.
Aug 05, 2008 ... Guangji Pharma to increase vitamin B2 project investment Shanghai. August 5. INTERFAX-CHINA - Hubei Guangji Pharmaceutical Co. Ltd. will lift investment in its vitamin B2 production project by RMB 22.44 million ($3.26 million), the company announced on Aug. 4. ...
China likely to impose tax on aluminum alloy exports in H2 - analyst.
Aug 05, 2008 ... China likely to impose tax on aluminum alloy exports in H2 - analyst Shanghai. August 5. INTERFAX-CHINA - China may impose tariffs to control aluminum alloy exports before the end of 2008, after overseas shipments of such products surged in the first half of this year, an ...
CNPC seeks higher threshold for oil windfall tax - report.
Aug 05, 2008 ... CNPC seeks higher threshold for oil windfall tax - report Beijing. August 5. INTERFAX-CHINA - China National Petroleum Corp. (CNPC) has requested that the government lift the oil windfall tax threshold, which is currently set at $40 a barrel, state media reported on ...
Olympics decreasing fuel demand in northern China - analyst.
Aug 05, 2008 ... Olympics decreasing fuel demand in northern China - analyst Shanghai. August 5. INTERFAX-CHINA - China's northern region, including the capital city of Beijing, is seeing lower fuel demand due to traffic limitations, suspended construction and factory shutdowns that have been ...