China Business News back issues from March 2009:
Inner Mongolia discovers oilfield with reserves of 100 mln tons.
Mar 02, 2009 ... Inner Mongolia discovers oilfield with reserves of 100 mln tons Shanghai. March 2. INTERFAX-CHINA - The Inner Mongolia Autonomous Region has discovered a new oilfield with proven reserves of 100 million tons in its central Siziwang region, the local government announced on Feb. ...
Southern China's power demand recovers in February.
Mar 02, 2009 ... Southern China's power demand recovers in February By Victor Wang Shanghai. March 2. INTERFAX-CHINA - Power consumption in five southern Chinese regions began growing on an annual basis in February, a power company announced on Feb. 26. Guangdong Province's ...
Tongling Nonferrous net profit down 38.2 pct year-on-year in 2008.(Financial report)
Mar 02, 2009 ... Tongling Nonferrous net profit down 38.2 pct year-on-year in 2008 Shanghai. March 2. INTERFAX-CHINA - Shenzhen-listed Tongling Nonferrous Metals Group Co. Ltd., China's largest copper smelter by production, reported on Feb. 28 that its net profit in 2008 dropped by 38.2 percent ...
China Mobile launches TD-SCDMA video surveillance service in Beijing.
Mar 02, 2009 ... China Mobile launches TD-SCDMA video surveillance service in Beijing Beijing. March 2. INTERFAX-CHINA - China Mobile Corp. has launched a video surveillance service based on its 3G TD-SCDMA technology in Beijing, an official from the operator's partner in the scheme, Beijing ...
North China Pharma and DSM China to set up vitamin and antibiotic production base in Jilin.
Mar 02, 2009 ... North China Pharma and DSM China to set up vitamin and antibiotic production base in Jilin Shanghai. March 2. INTERFAX-CHINA - North China Pharmaceutical Group Corp. and DSM China Ltd. will jointly construct a vitamin and antibiotic production base in northeastern China's Jilin ...
Kung Fu Panda most popular overseas film in China in 2008.
Mar 02, 2009 ... Kung Fu Panda most popular overseas film in China in 2008 Shanghai. March 2. INTERFAX-CHINA - Kung Fu Panda was the most popular overseas film released in cinemas in China in 2008 by box office revenues, China's state-owned China Film Group Corp. (CFGC) said on its Web site on ...
China unlikely to tax online store traders within next three years - analyst.
Mar 02, 2009 ... China unlikely to tax online store traders within next three years - analyst Shanghai. March 2. INTERFAX-CHINA - China is unlikely to tax individual online shop owners this year, as it will take around three years to draft detailed e-commerce tax regulations, an analyst told ...
CORRECTION - Pfizer expands manufacturing base in Dalian.(Correction notice)
Mar 02, 2009 ... CORRECTION - Pfizer expands manufacturing base in Dalian The original story, published on March 2, incorrectly attributed a number of quotes to Zhang Jun, Pfizer China's public relations manager. These quotes should have been attributed to a Pfizer press release. ...
Guangwei Green starts construction on first solar cell plant.
Mar 02, 2009 ... Guangwei Green starts construction on first solar cell plant Beijing. March 2. INTERFAX-CHINA - Hebei Province-based Guangwei Green New Energy Co. Ltd. has started construction on its first solar cell factory, a company employee told Interfax on March 2. The factory, ...
Coal prices stabilize at Qinhuangdao Port last week.
Mar 02, 2009 ... Coal prices stabilize at Qinhuangdao Port last week Shanghai. March 2. INTERFAX-CHINA - Coal prices at Qinhuangdao Port, China's largest coal trans-shipment port, stabilized between Feb. 23 and March 2 following their decline since Jan. 19, even though stockpiles continued to ...
Baosteel Group to acquire 56 pct stake in Ningbo Steel.
Mar 02, 2009 ... Baosteel Group to acquire 56 pct stake in Ningbo Steel Shanghai. March 2. INTERFAX-CHINA - Shanghai-based Baoshan Iron and Steel Group (Baosteel Group), China's largest steelmaker, announced on March 2 that it has inked an agreement to acquire a controlling 56.15 percent stake ...
Xiamen and Singapore to jointly set up medical service center.
Mar 02, 2009 ... Xiamen and Singapore to jointly set up medical service center Shanghai. March 2. INTERFAX-CHINA - The Xiamen municipal government and a group of Singaporean businessmen will invest about RMB 10 million ($1.46 million) to set up a new medical service center, the Xiamen municipal ...
Shenhuo Group purchases 240,000-ton aluminum smelter.
Mar 02, 2009 ... Shenhuo Group purchases 240,000-ton aluminum smelter Shanghai. March 2. INTERFAX-CHINA - Henan Shenhuo Group Co. Ltd., a major domestic aluminum smelter, has purchased Xin Feng Aluminum Plant Co. Ltd., a Chinese aluminum producer with an annual smelting capacity of 240,000 tons, ...
Shandong Gold net profit up 72.46 pct in 2008.(Financial report)
Mar 02, 2009 ... Shandong Gold net profit up 72.46 pct in 2008 Shanghai. March 2. INTERFAX-CHINA - Shanghai-listed Shandong Gold Mining Co. Ltd. posted a net profit increase of 72.46 percent on an annual basis in 2008, thanks to higher gold prices, according to a company announcement on Feb. 28 ....
Shanghai Mobile to trial TD-LTE 4G service during 2010 Expo.
Mar 02, 2009 ... Shanghai Mobile to trial TD-LTE 4G service during 2010 Expo Shanghai. March 2. INTERFAX-CHINA - China Mobile's Shanghai branch will trial TD-LTE (Time Division Long Term Evolution) 4G services during the 2010 World Expo, which is to be held in the city, Shanghai Mobile announced ...
Huawei secures 12 pct share of global telecom equipment market in Q4 2008.(Industry overview)
Mar 02, 2009 ... Huawei secures 12 pct share of global telecom equipment market in Q4 2008 Shanghai. March 2. INTERFAX-CHINA - Huawei Technologies Co. Ltd. ranked fourth in the global telecom equipment market in the fourth quarter of 2008 with a 12 percent market share, according to a report ...
Hunan Province may implement online drug procurement system in May.
Mar 02, 2009 ... Hunan Province may implement online drug procurement system in May Shanghai. March 2. INTERFAX-CHINA - Hunan Province may commence online drug procurement in public hospitals in May this year, in line with central government plans to roll out the system nationwide, its health ...
Pfizer expands manufacturing base in Dalian.
Mar 02, 2009 ... Pfizer expands manufacturing base in Dalian Shanghai. March 2. INTERFAX-CHINA - U.S. pharmaceutical giant Pfizer Inc. has increased the production capabilities of its manufacturing base in northern China's Liaoning Province, local media reported on Feb. 28. According ...
Sinopec Group lowers fuel prices in Shanghai to compete with CNPC.
Mar 02, 2009 ... Sinopec Group lowers fuel prices in Shanghai to compete with CNPC Shanghai. March 2. INTERFAX-CHINA - China Petrochemical Corp. (Sinopec Group) lowered retail gasoline prices at its service stations in Shanghai on Feb. 28 to match those of its fellow state-owned rival, China ...
China Mobile to deploy 161,000 TD-SCDMA base stations by 2010.
Mar 03, 2009 ... China Mobile to deploy 161,000 TD-SCDMA base stations by 2010 Beijing. March 3. INTERFAX-CHINA - China Mobile plans to have deployed a total of 161,000 TD-SCDMA base stations by 2010, an official from a government-backed industry alliance told Interfax on March 3. ...
Motorola to end mobile phone production in Hangzhou.
Mar 03, 2009 ... Motorola to end mobile phone production in Hangzhou Shanghai. March 3. INTERFAX-CHINA - Motorola China will stop producing mobile phones at its manufacturing facility in Hangzhou City in eastern China's Zhejiang Province by the end of this month, a company spokesman said on ...
Sinopec Group suspends outsourcing to local refineries for March.
Mar 03, 2009 ... Sinopec Group suspends outsourcing to local refineries for March Shanghai. March 3. INTERFAX-CHINA - China Petrochemical Corp. (Sinopec Group) has ordered its branches to suspend the outsourcing of gasoline production during March in an effort to prevent fuel inventories from ...
Operating rates of Shandong's small-scale and local refineries continue falling.
Mar 03, 2009 ... Operating rates of Shandong's small-scale and local refineries continue falling Beijing. March 3. INTERFAX-CHINA - Shandong Province's small-scale and local refineries were operating on average at 17 percent of total production capacity on Feb. 26, a drop of 1.5 percentage ...
Spot iron ore prices to fall further on sluggish Chinese demand.
Mar 03, 2009 ... Spot iron ore prices to fall further on sluggish Chinese demand Shanghai. March 3. INTERFAX-CHINA - Indian iron ore prices, which are representative of China's spot iron ore market, recently dived and are expected to fall further as China's ore demand weakens, an industry ...
Neptunus Bioengineering to sell Beidouxing Pharma.
Mar 03, 2009 ... Neptunus Bioengineering to sell Beidouxing Pharma Shanghai. March 3. INTERFAX-CHINA - Shenzhen Neptunus Bioengineering Holdings Co. Ltd. plans to sell Changchun Beidouxing Pharmaceutical Co. Ltd., Neptunus Bioengineering announced on March 3. According to ...
Suning's net profit growth slows in second half of 2008.(Financial report)
Mar 03, 2009 ... Suning's net profit growth slows in second half of 2008 Shanghai. March 3. INTERFAX-CHINA - China's second-largest electronics retailer, Suning Appliance Co. Ltd., saw its net profit grow by 48.09 percent year-on-year in 2008, although net profit growth slowed in the second half ...
Chinese lead prices may fall to $1,462 per ton soon - analyst.
Mar 03, 2009 ... Chinese lead prices may fall to $1,462 per ton soon - analyst Shanghai. March 3. INTERFAX-CHINA - Chinese spot lead prices are expected to fall to RMB 10,000 ($1,462.16) per ton in the near future due to weak downstream demand from lead-acid battery manufacturers, an analyst ...
Shanxi coking coal prices rise following coalmine explosion.
Mar 03, 2009 ... Shanxi coking coal prices rise following coalmine explosion Shanghai. March 3. INTERFAX-CHINA - Coking coal prices in Shanxi Province have risen by about RMB 50 ($7.31) per ton after several small- scale coalmines suspended production following an explosion at a large- scale ...
Chenzhou City planning to build 115,000-ton base metal reserve.
Mar 03, 2009 ... Chenzhou City planning to build 115,000-ton base metal reserve Shanghai. March 3. INTERFAX-CHINA - The government of Chenzhou City, Hunan Province, has asked local base metal producers to take part in a reserve scheme that requires them to store up to a total of 115,000 tons of ...
CNPC planning to double Qinzhou Refinery's processing capacity.
Mar 03, 2009 ... CNPC planning to double Qinzhou Refinery's processing capacity Shanghai. March 3. INTERFAX-CHINA - China National Petroleum Corp. (CNPC), the country's largest oil company, plans to double the crude oil processing capacity of its Qinzhou Refinery in southern China's ...
Pharma companies should focus on human resource management now - RSA CEO.(Company overview)
Mar 03, 2009 ... Pharma companies should focus on human resource management now - RSA CEO By Karl Zhong Shanghai. March 3. INTERFAX-CHINA - Pharmaceutical companies can take advantage of the current financial slump to step up on human resource management, according to Nick Stephens, chief ...
Alibaba.com to launch 3G mobile payment service.
Mar 03, 2009 ... Alibaba.com to launch 3G mobile payment service Shanghai. March 3. INTERFAX-CHINA - China's largest online business-to- business (B2B) platform Alibaba.com is preparing to launch a 3G mobile payment service, a senior company official told Interfax on March. 3. ...
Neusoft shelves proposed acquisition of Hi-Think.
Mar 03, 2009 ... Neusoft shelves proposed acquisition of Hi-Think Shanghai. March 3. INTERFAX-CHINA - Neusoft Group, China's largest software developer and outsourcing provider, announced on March 2 that it is withdrawing its acquisition plans for the country's second-largest software ...
Beijing blacklists two pharma companies for misleading ads.
Mar 03, 2009 ... Beijing blacklists two pharma companies for misleading ads Shanghai. March 3. INTERFAX-CHINA - Two pharmaceutical companies have been blacklisted for publishing illegal drug advertisements, according to a Beijing Drug Administration press release on March 3. According ...
Mentholatum Pharma takes fight for trademark to court.
Mar 03, 2009 ... Mentholatum Pharma takes fight for trademark to court Shanghai. March 3. INTERFAX-CHINA - Mentholatum (China) Pharmaceutical Co. Ltd. has filed a lawsuit to protect its eye drops' product trademark, the People's Court of Beijing's Fengtai District announced on March 2. ...
CNPC cuts Shanghai fuel prices in response to Sinopec Group.
Mar 03, 2009 ... CNPC cuts Shanghai fuel prices in response to Sinopec Group Shanghai. March 3. INTERFAX-CHINA - China National Petroleum Corp. (CNPC) cut retail fuel prices by RMB 0.05 ($0.0073) per liter in Shanghai two days after rival China Petrochemical Corp. (Sinopec Group) ...
Patient hospitalization period in Beijing varies.
Mar 03, 2009 ... Patient hospitalization period in Beijing varies Shanghai. March 3. INTERFAX-CHINA - Hospitalization days for patients undergoing the same type of surgery varies in Beijing, according to statistics released by the Beijing Municipal Health Bureau on March 2. From ...
Jinchuan Group extends lifeline to Albidon.
Mar 03, 2009 ... Jinchuan Group extends lifeline to Albidon Shanghai. March 3. INTERFAX-CHINA - Jinchuan Group Ltd., China's largest nickel producer, is to provide a multimillion-dollar funding package to support Australian Stock Exchange-listed nickel miner Albidon Ltd., in which it is the ...
Konka to open China's largest LCM production facility this year.
Mar 03, 2009 ... Konka to open China's largest LCM production facility this year Shanghai. March 3. INTERFAX-CHINA - Chinese TV manufacturer Konka Group will begin operations at China's largest LCM (liquid crystal display module) production facility before the end of the year, domestic media ...
Anhui discovers large-sized scheelite deposit.
Mar 03, 2009 ... Anhui discovers large-sized scheelite deposit Shanghai. March 3. INTERFAX-CHINA - A large-sized scheelite deposit with resources amounting to 96,200 tons was recently discovered in Anhui Province's Qimen county by the local bureau of geology and mineral exploration, an official ...
Baosteel cuts April ex-works steel product prices.
Mar 03, 2009 ... Baosteel cuts April ex-works steel product prices Shanghai. March 3. INTERFAX-CHINA - Baoshan Iron and Steel Co. Ltd. (Baosteel), the Shanghai-listed subsidiary of China's top steelmaker Baosteel Group, has slashed ex-works prices of the majority of its steel products ...
Norilsk Nickel mulls over copper JV in China (repeat).
Mar 04, 2009 ... Norilsk Nickel mulls over copper JV in China (repeat) Beijing. March 4. INTERFAX - MMC Norilsk Nickel and a Chinese Shandong Province-based copper-aluminum producer are currently exploring the possibility of forming a joint venture to produce copper tube and copper-nickel alloy, ...
SFDA issues trial procedure for re-examining rejected drug production applications.
Mar 04, 2009 ... SFDA issues trial procedure for re-examining rejected drug production applications Shanghai. March 4. INTERFAX-CHINA - New and generic drug manufacturers that had their production applications initially rejected have a second chance of attaining approval under the State Food and ...
China's PC sales growth for 2009 to be lowest in six years - report.
Mar 04, 2009 ... China's PC sales growth for 2009 to be lowest in six years - report Shanghai. March 4. INTERFAX-CHINA - Growth of China's personal computer sales is likely to continue to slide in 2009 to 3 percent year-on-year, its lowest level in six years, a market research firm predicted on ...
China's offshore equipment manufacturers lagging behind foreign counterparts.
Mar 04, 2009 ... China's offshore equipment manufacturers lagging behind foreign counterparts By Terry Wang Shanghai. March 4. INTERFAX-CHINA - Inexperience and inferior technology have left Chinese offshore oil equipment manufacturers ill-equipped to fully participate in the rapidly developing ...
CTL projects using Synfuels China technology to start trial operations in 2009.
Mar 04, 2009 ... CTL projects using Synfuels China technology to start trial operations in 2009 Beijing. March 4. INTERFAX-CHINA - Two Chinese coal-to-liquid (CTL) plants that use Synfuels China Inc.'s indirect liquefaction process will start trial operation in 2009, a company employee told ...
Beijing Telecom offering selected GPRS data services for free until June.
Mar 04, 2009 ... Beijing Telecom offering selected GPRS data services for free until June Shanghai. March 4. INTERFAX-CHINA - China Telecom's Beijing subsidiary will waive GPRS data fees for subscribers to its Changliao packages until June, the operator announced on March 4. ...
CORRECTION - Hefei's pharma production value to hit $438 mln in 2010.(Correction notice)
Mar 04, 2009 ... CORRECTION - Hefei's pharma production value to hit $438 mln in 2010 The headline to the original version of this story incorrectly stated 'Hebei's pharma production value to hit $438 mln in 2010' when it should have read 'Hefei's pharma production value to hit $438 mln in ...
Chinese aluminum smelters trial direct electricity purchases - CNMIA official.
Mar 04, 2009 ... Chinese aluminum smelters trial direct electricity purchases - CNMIA official Shanghai. March 4. INTERFAX-CHINA - The Chinese central government has encouraged 15 major aluminum smelters to trial direct electricity purchases from local power plants at lower prices so that their ...
Magang secures MOFCOM subsidy to finance Aussie JV project.
Mar 04, 2009 ... Magang secures MOFCOM subsidy to finance Aussie JV project Shanghai. March 4. INTERFAX-CHINA - Anhui Province-based Maanshan Iron and Steel Group (Magang) recently obtained a RMB 36 million ($5.26 million) subsidy from China's Ministry of Commerce (MOFCOM) to finance its joint ...
51job net profit tumbles 50.4 pct year-on-year in Q4 2008.(Financial report)
Mar 04, 2009 ... 51job net profit tumbles 50.4 pct year-on-year in Q4 2008 Shanghai. March 4. INTERFAX-CHINA - The net profit of Nasdaq-listed Chinese online recruitment platform 51job Inc. dropped by 50.4 percent year-on-year to RMB 6.8 million ($1.0 million) in the fourth quarter of 2008, ...
Intel's outsourcing aimed at portable consumer electronics market.
Mar 04, 2009 ... Intel's outsourcing aimed at portable consumer electronics market Shanghai. March 4. INTERFAX-CHINA - Global chip giant Intel Corp. is to partially outsource the production of its Atom processor CPU core to Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC), in order to target ...
Beijing residents demonstrate low drug safety awareness.
Mar 04, 2009 ... Beijing residents demonstrate low drug safety awareness Shanghai. March 4. INTERFAX-CHINA - Beijing residents are lacking knowledge when it comes to safe drug use, a researcher told Interfax on March 3, citing survey findings from Peking University's Research Center for ...
Sinopec's Tianjin Refinery to resume production after six-month suspension.
Mar 04, 2009 ... Sinopec's Tianjin Refinery to resume production after six-month suspension Shanghai. March 4. INTERFAX-CHINA - China Petroleum and Chemical Corp.'s (Sinopec) Tianjin Refinery plans to resume production in the first half of March following a six-month suspension of operations, a ...
Hubei issues trial regulations for revocation of pharma production, distribution licenses.
Mar 04, 2009 ... Hubei issues trial regulations for revocation of pharma production, distribution licenses Shanghai. March 4. INTERFAX-CHINA - Hubei provincial health authorities have recently issued a trial regulation that stipulates the conditions local drug bureaus can revoke pharmaceutical ...
China should slash carbon emissions by half by 2020 - CAS.
Mar 04, 2009 ... China should slash carbon emissions by half by 2020 - CAS Shanghai. March 4. INTERFAX-CHINA - The Chinese Academy of Sciences (CAS) proposed in a recent report that China reduce its carbon emissions by 50 percent by 2020, state media reported on March 4. The CAS's ...
SHFE fuel oil futures close higher after crude rebound.
Mar 04, 2009 ... SHFE fuel oil futures close higher after crude rebound Shanghai. March 4. INTERFAX-CHINA - Shanghai Futures Exchange (SHFE) fuel oil prices tracked international crude oil and rose on March 4, with the most-traded May contract closing the session RMB 63 ($9.21), or 2.20 percent, ...
ZTE to form 4G technology research team.
Mar 04, 2009 ... ZTE to form 4G technology research team Shanghai. March 4. INTERFAX-CHINA - Chinese telecom equipment provider ZTE Corp. will form a team of over 2,000 researchers to develop 4G technology, with a focus on LTE (Long Term Evolution) technology, the company announced on March 3. ...
Hebei's pharma production value to hit $438 mln in 2010.
Mar 04, 2009 ... Hebei's pharma production value to hit $438 mln in 2010 Shanghai. March 4. INTERFAX-CHINA - The pharmaceutical production value of Hefei, capital city of eastern China's Anhui Province, is expected to hit RMB 3 billion ($438.67 million) in 2010, local media reported on March 3. ...
Hisun Pharma net profit up 40 pct in 2008.(Financial report)
Mar 04, 2009 ... Hisun Pharma net profit up 40 pct in 2008 Shanghai. March 4. INTERFAX-CHINA - Zhejiang Hisun Pharmaceutical Co. Ltd. recorded a net profit of RMB 195.32 million ($28.56 million) in 2008, up 39.84 percent year-on-year, it announced on March 3. According to ...
Guangzhou to invest $4 mln over three years to support e-commerce.
Mar 04, 2009 ... Guangzhou to invest $4 mln over three years to support e-commerce Shanghai. March 4. INTERFAX-CHINA - The government of southern China's Guangzhou City will invest RMB 30 million ($4.38 million) between 2009 and 2011 to promote e-commerce by businesses in the city, local media ...
Shenhua net profit jumps 25 pct year-on-year to $4.36 bln in 2008.
Mar 04, 2009 ... Shenhua net profit jumps 25 pct year-on-year to $4.36 bln in 2008 Shanghai. March 4. INTERFAX-CHINA - China Shenhua Energy Co. Ltd., the listed arm of the country's largest coal producer, reported on March 4 that its 2008 net profit jumped by 24.6 percent year-on-year to RMB ...
China Resources Power denies new coal contract with Shenhua Group.
Mar 05, 2009 ... China Resources Power denies new coal contract with Shenhua Group Shanghai. March 5. INTERFAX-CHINA - China Resources Power Holding has denied a report that the company signed a contract with China's largest coal supplier, a company executive told Interfax on March 5. ...
MIIT warns handset users against illegal SIM card copying services.
Mar 05, 2009 ... MIIT warns handset users against illegal SIM card copying services Shanghai. March 5. INTERFAX-CHINA - China's Ministry of Industry and Information Technology (MIIT) has asked handset users to be aware of fraudulent schemes involving illegal SIM card copying services, according ...
Yabao Pharma to target sustained and controlled release drug market - official.
Mar 05, 2009 ... Yabao Pharma to target sustained and controlled release drug market - official Shanghai. March 5. INTERFAX-CHINA - Shanxi Yabao Pharmaceutical Co. Ltd. will develop sustained and controlled release drugs as its key products, a company official told Interfax on March ...