China Business News back issues from January 2009:
China issues draft standards for online advertising.
Jan 05, 2009 ... China issues draft standards for online advertising Shanghai. January 5. INTERFAX-CHINA - China's first draft standards for online advertising came into effect on Jan. 1, according to an announcement made by the China Advertising Association on Jan. 4. The standards ...
China denies development of Tianwaitian field violates consensus with Japan.
Jan 05, 2009 ... China denies development of Tianwaitian field violates consensus with Japan Shanghai. January 5. INTERFAX-CHINA - China's Ministry of Foreign Affairs said on Jan. 4 that it has the right to explore the Tianwaitian oil and gas field in the East China Sea, in response to a ...
Chalco cuts domestic spot alumina prices to $292.54.
Jan 05, 2009 ... Chalco cuts domestic spot alumina prices to $292.54 Shanghai. January 5. INTERFAX-CHINA - The Aluminum Corporation of China Co. Ltd. (Chalco), China's largest alumina and aluminum producer, announced on Jan. 5 that it has cut its domestic spot alumina price from RMB 2,600 ...
China cancels steel product export permits.
Jan 05, 2009 ... China cancels steel product export permits Shanghai. January 5. INTERFAX-CHINA - Chinese steel product exporters no longer need a trade permit as of Jan. 1, 2009, according to an announcement on the Ministry of Commerce's Web site on Jan. 2. "Steel product exports ...
China's telecom and broadcasting equipment imports up in first 11 months of 2008.
Jan 05, 2009 ... China's telecom and broadcasting equipment imports up in first 11 months of 2008 Shanghai. January 5. INTERFAX-CHINA - China's imports of both telecom equipment and broadcasting equipment were up on an annual basis over the first 11 months of 2008, according to statistics ...
Changqing Oilfield raises output to 25.20 mln tons of oil equivalent in 2008.
Jan 05, 2009 ... Changqing Oilfield raises output to 25.20 mln tons of oil equivalent in 2008 Shanghai. January 5. INTERFAX-CHINA - Changqing Oilfield, China's third- largest oilfield, boosted its output by 25 percent year-on-year in 2008 to 25.20 million tons of oil equivalent, China National ...
Guodian Changyuan to acquire two coal companies in Henan.
Jan 05, 2009 ... Guodian Changyuan to acquire two coal companies in Henan Beijing. January 5. INTERFAX-CHINA - Guodian Changyuan Electric Power Co. Ltd., a medium-sized power company, will acquire two coal companies in Henan Province to feed its thermal power plants, it announced on Jan. ...
State Council gives MIIT go-ahead to issue 3G licenses.
Jan 05, 2009 ... State Council gives MIIT go-ahead to issue 3G licenses By Zhang Danwei Shanghai. January 5. INTERFAX-CHINA - The State Council, China's chief administrative authority, on Dec. 31 gave the Ministry of Industry and Information Technology (MIIT) approval to issue 3G licenses to ...
China monitoring penicillin G and vitamin C exports.
Jan 05, 2009 ... China monitoring penicillin G and vitamin C exports Shanghai. January 5. INTERFAX-CHINA - The Ministry of Commerce (MOFCOM) started monitoring penicillin G and vitamin C active pharmaceutical ingredient (API) exports from Jan. 1 this year, an industry association official told ...
China's iron ore stockpiles down to 60.15 mln tons by January 2.
Jan 05, 2009 ... China's iron ore stockpiles down to 60.15 mln tons by January 2 Shanghai. January 5. INTERFAX-CHINA - Iron ore stockpiles at China's 22 major ports stood at 60.15 million tons on Friday, Jan. 2, down 1.3 percent from Dec. 26, while Indian iron ore stockpiles decreased by 8.16 ...
China to reinstate copper, nickel, cobalt and aluminum tolling next month.
Jan 05, 2009 ... China to reinstate copper, nickel, cobalt and aluminum tolling next month Shanghai. January 5. INTERFAX-CHINA - China's Ministry of Commerce and the General Administration of Customs jointly announced on Dec. 31 that China will reinstate copper, nickel, cobalt and aluminum ...
Tianyao Pharma obtains CEPs for two APIs.
Jan 05, 2009 ... Tianyao Pharma obtains CEPs for two APIs Shanghai. January 5. INTERFAX-CHINA - Tianjin Tianyao Pharmaceutical Co. Ltd., one of China's largest hormone active pharmaceutical ingredient (API) suppliers, has obtained the Certificate of Suitability (CEP) for two ...
TISCO to produce around 2 mln tons of stainless steel products in 2009.
Jan 06, 2009 ... TISCO to produce around 2 mln tons of stainless steel products in 2009 Shanghai. January 6. INTERFAX-CHINA - Taiyuan Iron and Steel (Group) Co. Ltd. (TISCO), China's largest stainless steel mill, plans to produce around 2 million tons of stainless steel products in ...
China's electronic information industry revenues up 16 pct in first 11 months of 2008.
Jan 06, 2009 ... China's electronic information industry revenues up 16 pct in first 11 months of 2008 Shanghai. January 6. INTERFAX-CHINA - China's electronic information industry generated total revenues of RMB 5.17 trillion ($756.72 billion) in the first 11 months of 2008, up 16 percent ...
Guangxi considering purchase of up to 500,000 tons of nonferrous metals.
Jan 06, 2009 ... Guangxi considering purchase of up to 500,000 tons of nonferrous metals Shanghai. January 6. INTERFAX-CHINA - The government of southwestern China's Guangxi Zhuang Autonomous Region, a major nonferrous metals production base, is considering buying up to 500,000 tons of locally- ...
Shenhua produces first barrel of oil product with direct CTL technology.
Jan 06, 2009 ... Shenhua produces first barrel of oil product with direct CTL technology Beijing. January 6. INTERFAX-CHINA - Shenhua Group Corp. has produced its first batch of oil product from its direct coal-to-liquids (CTL) project, the State-owned Assets Supervision and Administration ...
GrenTech streamlines through sale of two subsidiaries.
Jan 06, 2009 ... GrenTech streamlines through sale of two subsidiaries Shanghai. January 6. INTERFAX-CHINA - Nasdaq-listed China GrenTech Corp. Ltd., a radio frequency equipment provider, has sold two of its subsidiaries for a total of RMB 106.3 million ($15.54 million) in order to ...
Jinchuan to increase nickel production to 125,000 tons in 2009.
Jan 06, 2009 ... Jinchuan to increase nickel production to 125,000 tons in 2009 Shanghai. January 6. INTERFAX-CHINA - Asia's largest nickel producer Jinchuan Group Ltd. aims to increase its nickel production to 125,000 tons in 2009, according to a recent announcement on the company's Web site. ...
Zhongjin Lingnan expecting Perilya shareholder approval in February.
Jan 06, 2009 ... Zhongjin Lingnan expecting Perilya shareholder approval in February Shanghai. January 6. INTERFAX-CHINA - Shenzhen-listed Zhongjin Lingnan Nonfemet Co. Ltd. announced on Jan. 6 that it is expecting to attain approval from Perilya Ltd. shareholders at a meeting on Feb. 5 for its ...
CNPC starts work on $3 bln oil project in Iraq - report.
Jan 06, 2009 ... CNPC starts work on $3 bln oil project in Iraq - report Shanghai. January 6. INTERFAX-CHINA - China National Petroleum Corp. (CNPC) has started work on Iraq's al-Ahdab Oilfield as part of a $3 billion oilfield service contract, state media reported on Jan 6. ...
China Mobile reduces GPRS fees in major cities.
Jan 06, 2009 ... China Mobile reduces GPRS fees in major cities Shanghai. January 6. INTERFAX-CHINA - China Mobile has reduced its GPRS fees in a number of key areas by as much as two-thirds, effective Jan. 3, according to recent announcements by a number of the operator's provincial ...
Gloria Pharma attains government subsidy for public listing.
Jan 06, 2009 ... Gloria Pharma attains government subsidy for public listing Shanghai. January 6. INTERFAX-CHINA - Harbin Gloria Pharmaceuticals Co. Ltd. has been granted a RMB 1 million ($146,233) subsidy by the Harbin government to support its domestic initial public offering, a ...
China National Coal starts construction of large-scale coalmine in Shanxi.
Jan 06, 2009 ... China National Coal starts construction of large-scale coalmine in Shanxi Shanghai. January 6. INTERFAX-CHINA - China National Coal Group Corp., the country's second-largest coal company, started construction of a large open pit coalmine in Shanxi Province on Jan. 5, local ...
MIIT likely to trial mobile number portability between telecom operators in Q2.
Jan 06, 2009 ... MIIT likely to trial mobile number portability between telecom operators in Q2 Shanghai. January 6. INTERFAX-CHINA - China's Ministry of Industry and Information Technology (MIIT) is to begin trials of mobile number portability between different domestic telecom operators in the ...
Overseas films record $242.8 mln in 2008 box office revenues in China.
Jan 06, 2009 ... Overseas films record $242.8 mln in 2008 box office revenues in China Shanghai. January 6. INTERFAX-CHINA - Overseas films generated RMB 1.66 billion ($242.8 million) in box office revenues in China in 2008, amounting to 40 percent of the country's entire box office takings for ...
Harbin Pharmaceutical Group to collaborate with banks on payment collection.
Jan 06, 2009 ... Harbin Pharmaceutical Group to collaborate with banks on payment collection Shanghai. January 6. INTERFAX-CHINA - The General Pharmaceutical Factory of Harbin Pharmaceutical Group Co. Ltd. will work with banks this year in the collection of payments from distributors, its parent ...
Nepstar gives up 30 pct voting right in Jianzhijia Chain.
Jan 06, 2009 ... Nepstar gives up 30 pct voting right in Jianzhijia Chain Shanghai. January 6. INTERFAX-CHINA - China Nepstar Chain Drugstore Ltd., one of the largest drugstore chains in China, has given up a 30 percent voting right in Yunnan Jianzhijia Chain Health Drug Store Co. ...
China Tungsten suspends share-asset swap deal with Hunan Nonferrous.
Jan 06, 2009 ... China Tungsten suspends share-asset swap deal with Hunan Nonferrous Shanghai. January 6. INTERFAX-CHINA - Shenzhen-listed China Tungsten Co. Ltd. announced on Jan. 6 that it will suspend several proposed share- asset swap deals with companies including its parent ...
Taobao gets real with first shopping town.
Jan 06, 2009 ... Taobao gets real with first shopping town Shanghai. January 6. INTERFAX-CHINA - China's largest C2C platform, Taobao.com, has begun construction of a retail park near Hangzhou City in Zhejiang Province, which will serve as a base for employees of the Web site as well as shops ...
Development of private medical institutions in China well on track - insiders.
Jan 06, 2009 ... Development of private medical institutions in China well on track - insiders By Karl Zhong Shanghai. January 6. INTERFAX-CHINA - Prospects are promising for private medical institutions in China in the long run, even though they are seemingly unable to compete with China's ...
Zhejiang pharma wholesalers appealing to distribute ephedrine.
Jan 06, 2009 ... Zhejiang pharma wholesalers appealing to distribute ephedrine Shanghai. January 6. INTERFAX-CHINA - The Zhejiang Provincial Pharmaceutical Industry Association has appealed to the Zhejiang Food and Drug Administration to approve more wholesalers to distribute formulations ...
Mobile VAS market revenues total $18 bln in 2008.
Jan 07, 2009 ... Mobile VAS market revenues total $18 bln in 2008 st1:*{behavior:url(#ieooui) } Shanghai. January 7. INTERFAX-CHINA - Telecom operators in China generated a total revenue of RMB 125.13 billion ($18.30 billion) from mobile value-added services (VAS) in 2008, up 19.2 percent on ...
Shanghai introduces zero drug markup policy in all CHCs.
Jan 07, 2009 ... Shanghai introduces zero drug markup policy in all CHCs Shanghai. January 7. INTERFAX-CHINA - All community health centers (CHC) in Shanghai implemented the zero drug markup policy as of Dec. 28 last year, the Shanghai Municipal Health Bureau announced on Jan 6. ...
Coal prices continue rally at Qinhuangdao Port.
Jan 07, 2009 ... Coal prices continue rally at Qinhuangdao Port Shanghai. January 7. INTERFAX-CHINA - Coal prices at Qinhuangdao Port, China's largest coal trans-shipment port, extended their rally from Dec. 29 to Jan. 5 as coal producers cut output in many parts of the country, ...
MIIT issues 3G licenses to Chinese operators.
Jan 07, 2009 ... MIIT issues 3G licenses to Chinese operators Shanghai. January 7. INTERFAX-CHINA - The Ministry of Industry and Information Technology (MIIT) issued the long-awaited 3G licenses to operators on Jan. 7, allowing 3G services to enter commercial operation in China, a MIIT official ...
Yunnan Pharma gets $43 mln capital injection from Yunnan Baiyao.
Jan 07, 2009 ... Yunnan Pharma gets $43 mln capital injection from Yunnan Baiyao Shanghai. January 7. INTERFAX-CHINA - Traditional Chinese medicine manufacturer Yunnan Baiyao Group Co. Ltd. has injected RMB 300 million ($43.86 million) into its subsidiary Yunnan Pharmaceutical Co. Ltd., Yunnan ...
Chinese Web sites rush to clean up in face of online porn crackdown.
Jan 07, 2009 ... Chinese Web sites rush to clean up in face of online porn crackdown st1:*{behavior:url(#ieooui) } Shanghai. January 7. INTERFAX-CHINA - A number of Chinese Web sites announced on Jan. 7 that they will remove pornographic content from their platforms to avoid censure during the ...
Shenhua's 2008 coal output grows by 19 pct year-on-year.
Jan 07, 2009 ... Shenhua's 2008 coal output grows by 19 pct year-on-year Beijing. January 7. INTERFAX-CHINA - Coal output by China's largest coal producer Shenhua Group Corp. hit 281.25 million tons in 2008, up 19 percent year-on-year, the company announced on Jan. 6. The company's ...
Total value of chips used in handset production in China falls in 2008.
Jan 07, 2009 ... Total value of chips used in handset production in China falls in 2008 st1:*{behavior:url(#ieooui) } Shanghai. January 7. INTERFAX-CHINA - The total value of chips used in handsets produced in China is expected to broach RMB 110 billion ($16.08 billion) for 2008, however a ...
China's shipbuilding steel plate market to remain oversupplied in 2009 - analyst.
Jan 07, 2009 ... China's shipbuilding steel plate market to remain oversupplied in 2009 - analyst By Ginger Ding Shanghai. January 7. INTERFAX-CHINA - China's shipbuilding steel plate market will remain in surplus this year as the global economic crisis continues to affect demand, an industry ...
China to start construction of national TCM clinical research bases.
Jan 07, 2009 ... China to start construction of national TCM clinical research bases Shanghai. January 7. INTERFAX-CHINA - China will start constructing national traditional Chinese medicine (TCM) clinical research bases in 2009, the Ministry of Health (MoH) announced on its Web site on Jan. 6. ...
China's thermal power generation capacity growing, but larger proportion left idle.
Jan 07, 2009 ... China's thermal power generation capacity growing, but larger proportion left idle Shanghai. January 7. INTERFAX-CHINA - China's thermal power generation capacity continued to grow at a rapid pace in 2008, though less of it is being used, a power expert told Interfax on Jan. 6. ...
Beijing confirms bird flu death.
Jan 07, 2009 ... Beijing confirms bird flu death Shanghai. January 7. INTERFAX-CHINA - Health authorities in Beijing have confirmed a woman died of bird flu in a Beijing hospital, according to the Ministry of Health's (MoH) Web site on Jan. 6. According to the Web site, the ...
Shanxi government to step up coalmine safety inspections to cut output - official.
Jan 07, 2009 ... Shanxi government to step up coalmine safety inspections to cut output - official Shanghai. January 7. INTERFAX-CHINA - The Shanxi provincial government will increase safety inspections of local coalmines in an effort to rein in output, a local official told Interfax on Jan. 6. ...
IMEI codes a damp squib in fight against illegal handsets - experts.
Jan 07, 2009 ... IMEI codes a damp squib in fight against illegal handsets - experts Beijing. January 7. INTERFAX-CHINA - The administration of IMEI (International Mobile Equipment Identity) codes by the Ministry of Industry and Information Technology (MIIT) for handsets manufactured in China ...
China Mobile ready to launch third phase 162-city TD-SCDMA network construction tender.
Jan 07, 2009 ... China Mobile ready to launch third phase 162-city TD-SCDMA network construction tender By Cindy Geng Beijing. January 7. INTERFAX-CHINA - China Mobile Corp. has met equipment suppliers in preparation for the launch of its third-phase network construction tender for TD-SCDMA ...
Chinese refineries to cut fuel oil output.
Jan 07, 2009 ... Chinese refineries to cut fuel oil output Shanghai. January 7. INTERFAX-CHINA - Chinese refineries are planning to cut fuel oil output in favor of heavier, more profitable oil products, which is a move that has been spurred by the central government's consumption tax hike on ...
Profit margins of Chinese oil giants shrinking amid price war.
Jan 07, 2009 ... Profit margins of Chinese oil giants shrinking amid price war By Terry Wang Shanghai. January 7. INTERFAX-CHINA - China's two oil giants have each made two rounds of cuts to retail fuel prices over the last two weeks in an ongoing price war that has chipped away at both ...
Tudou to face lawsuit from 80 film companies.
Jan 07, 2009 ... Tudou to face lawsuit from 80 film companies Shanghai. January 7. INTERFAX-CHINA - Chinese online video sharing Web site Tudou.com is to face a lawsuit by an anti-piracy alliance consisting of 80 film companies, a senior official with Joy.cn, a video producing and broadcasting ...
More resources to be allocated to health care in suburban and rural areas - insiders.
Jan 07, 2009 ... More resources to be allocated to health care in suburban and rural areas - insiders Shanghai. January 7. INTERFAX-CHINA - China will allocate more resources towards improving health care in suburban and rural areas, industry insiders told Interfax on Jan. 7. Some ...
China hopes to base iron ore benchmark price talks on 2007's level - CISA official.
Jan 07, 2009 ... China hopes to base iron ore benchmark price talks on 2007's level - CISA official Shanghai. January 7. INTERFAX-CHINA - China has asked the world's top three iron ore miners to base this year's annual iron ore benchmark price negotiations on 2007's agreed price level, a senior ...
SHFE fuel oil futures up on rising crude prices.
Jan 07, 2009 ... SHFE fuel oil futures up on rising crude prices Shanghai. January 7. INTERFAX-CHINA - Shanghai Futures Exchange (SHFE) fuel oil prices rose on Jan. 7, with the most-traded March contract closing the session RMB 39 ($5.7), or 1.4 percent, higher at RMB 2,833 ($414.25) per ton, ...
Delisting in sight for two major Chinese electronics manufacturers.
Jan 07, 2009 ... Delisting in sight for two major Chinese electronics manufacturers Shanghai. January 7. INTERFAX-CHINA - Two major domestic electronics manufacturers predicted on Jan. 7 huge losses in 2008, and will be forced to delist from the stock market once their financial reports are ...
SHFE copper prices may see corrections after recent rally - analysts.
Jan 07, 2009 ... SHFE copper prices may see corrections after recent rally - analysts Shanghai. January 7. INTERFAX-CHINA - Shanghai Futures Exchange (SHFE) copper futures contracts may experience corrections in the near future after posting daily limit rises for the three consecutive days ...
Chinese govt decides against steel product purchase plan - CISA official.
Jan 07, 2009 ... Chinese govt decides against steel product purchase plan - CISA official Shanghai. January 7. INTERFAX-CHINA - The Chinese government has decided against purchasing steel products as part of a series of policies to stimulate the domestic steelmaking industry, a senior official ...
Kaiman Aluminum commissions new alumina line in Shanxi.
Jan 07, 2009 ... Kaiman Aluminum commissions new alumina line in Shanxi Shanghai. January 7. INTERFAX-CHINA - Henan-based Kaiman Aluminum Co. Ltd. recently commenced production at a new alumina line with an annual output capacity of 500,000 tons in northern China's Shanxi Province, a ...
Joint-Wit Medical and SU BioMedicine to set up JV.
Jan 07, 2009 ... Joint-Wit Medical and SU BioMedicine to set up JV Shanghai. January 7. INTERFAX-CHINA - Sichuan Joint-Wit Medical & Pharmaceutical Industry Co. Ltd., one of the largest traditional Chinese medicine (TCM) manufacturers in China, and Netherlands-based SU BioMedicine B.V. will set ...
Guest coloumn: SaaS, opportunity in the winter.
Jan 08, 2009 ... Guest coloumn: SaaS, opportunity in the winter By Liao Jiannian Shanghai. January 8. INTERFAX-CHINA - Since the first modern computer came into existence in 1946 [Editor's note: the author is referring to the Electronic Numerical Integrator And Calculator (ENIAC) invented by J ....
NetEase launches online comparison shopping service.
Jan 08, 2009 ... NetEase launches online comparison shopping service Shanghai. January 8. INTERFAX-CHINA - NetEase.com Inc., a leading interactive online and wireless community operator in China, has launched an online comparison shopping service for its search engine, youdao.com, the company ...
SFDA investigating fake Chinese drugs found in United Kingdom.
Jan 08, 2009 ... SFDA investigating fake Chinese drugs found in United Kingdom Shanghai. January 8. INTERFAX-CHINA - China's drug watchdog, the State Food and Drug Administration (SFDA), is investigating how counterfeit medicines from China were sold to patients under Britain's national health ...
Dopod China to launch WCDMA mobile handsets early this year.
Jan 08, 2009 ... Dopod China to launch WCDMA mobile handsets early this year Shanghai. January 8. INTERFAX-CHINA - Dopod Communication Corp. (Dopod China) intends to launch mobile handsets based on the WCDMA 3G standard, to be operated by China Unicom, early this year, a spokesperson from Dopod ...
Trial operation of Shenhua's CTL project successful so far.
Jan 08, 2009 ... Trial operation of Shenhua's CTL project successful so far Shanghai. January 8. INTERFAX-CHINA - The first trial of Shenhua Group Corp.'s direct coal-to-liquids (CTL) project has been running smoothly for more than 200 hours, a company executive told Interfax on Jan 8. ...
China Unicom takes the solid but silent approach to 3G preparation - analyst.
Jan 08, 2009 ... China Unicom takes the solid but silent approach to 3G preparation - analyst By Cindy Geng Beijing. January 8. INTERFAX-CHINA - China Unicom has steered a wise course in preparing for the launch of 3G WCDMA services by tending to the integration of its fixed-line and mobile ...
Shougang and China Shipping to set up JV shipping company.
Jan 08, 2009 ... Shougang and China Shipping to set up JV shipping company Shanghai. January 8. INTERFAX-CHINA - Shoudu Iron and Steel Group (Shougang) and China Shipping Group will ink an agreement in Shanghai on Jan. 8 to jointly set up a shipping company, state media reported. The ...
China bans weight loss drug.
Jan 08, 2009 ... China bans weight loss drug Shanghai. January 9. INTERFAX-CHINA - The State Food and Drug Administration (SFDA) has banned the production, sale and use of weight loss drug fenfluramine hydrochloride in China, it announced at a press conference on Jan. 8. "Effective ...