China Business News back issues from April 2009:
Sinopec to invest $658 mln on exploration and refinery construction in 2009.
Apr 01, 2009 ... Sinopec to invest $658 mln on exploration and refinery construction in 2009 Shanghai. April 1. INTERFAX-CHINA - China Petroleum and Chemical Corp. (Sinopec) plans to spend RMB 4.5 billion ($658.86 million) this year on upstream exploration and refinery construction, ...
China must fight tuberculosis resistance - WHO.
Apr 01, 2009 ... China must fight tuberculosis resistance - WHO Beijing. April 1. INTERFAX-CHINA - Countries with high tuberculosis (TB) incidence, like China, must work together to control the spread of multidrug-resistant tuberculosis (MDR-TB) and extensively drug-resistant tuberculosis ...
Chalco raises domestic spot alumina price to match competitors.
Apr 01, 2009 ... Chalco raises domestic spot alumina price to match competitors Shanghai. April 1. INTERFAX-CHINA - The Aluminum Corporation of China Co. Ltd. (Chalco), China's largest alumina and aluminum producer, has raised its domestic spot alumina price from RMB 2,200 ($321.88) per ton to ...
SHFE fuel oil futures inch up with crude.
Apr 01, 2009 ... SHFE fuel oil futures inch up with crude Shanghai. April 1. INTERFAX-CHINA - Shanghai Futures Exchange (SHFE) fuel oil prices tracked global crude oil prices on April 1, with the most-traded June contract closing the session RMB 15 ($2.20), or 0.48 percent, higher at RMB 3,136 ...
MLR to hold off issuing new coal exploration licenses until 2011.
Apr 01, 2009 ... MLR to hold off issuing new coal exploration licenses until 2011 Shanghai. April 1. INTERFAX-CHINA - China's Ministry of Land and Resources (MLR) has extended its suspension of issuing new coal exploration licenses until March 31, 2011, in an effort to cap the country's ...
China's gold output grows 7.46 pct year-on-year in first two months of 2009.
Apr 01, 2009 ... China's gold output grows 7.46 pct year-on-year in first two months of 2009 Shanghai. April 1. INTERFAX-CHINA - China produced 41.13 tons of gold bullion in the first two months 2009, up 7.46 percent year-on-year, the China Gold Association (CGA) announced on April 1. ...
China Mobile starts soliciting TD-SCDMA value-added service partners.
Apr 01, 2009 ... China Mobile starts soliciting TD-SCDMA value-added service partners Beijing. April 1. INTERFAX-CHINA - China Mobile's subsidiary in southern China's Guangdong Province has started soliciting partners for TD-SCDMA value-added services, a Guangdong Mobile employee told Interfax ...
China Unicom net profit soars to $4.96 bln in 2008.(Financial report)
Apr 01, 2009 ... China Unicom net profit soars to $4.96 bln in 2008 Shanghai. April 1. INTERFAX-CHINA - China Unicom (Hong Kong) Ltd., the Hong Kong-listed arm of China United Telecommunications Corp. (China Unicom), reported a net profit of RMB 33.91 billion ($4.96 billion) for 2008, up 58.19 ...
China Mobile sued under Anti-monopoly Law for first time.
Apr 01, 2009 ... China Mobile sued under Anti-monopoly Law for first time By Hua Jinglei Shanghai. April 1. INTERFAX-CHINA - China Mobile is being sued for the first time for illegally abusing its market position to charge users additional monthly fees and for charging users different fees for ...
China, Gates Foundation to cooperate in $33 mln TB initiative.
Apr 01, 2009 ... China, Gates Foundation to cooperate in $33 mln TB initiative Beijing. April 1. INTERFAX-CHINA - The Bill & Melinda Gates Foundation will launch a $33 million project in partnership with the Chinese government to research ways to curb the spread of drug-resistant tuberculosis ...
Overseas films, TV programs to face strict online broadcasting controls in China.
Apr 01, 2009 ... Overseas films, TV programs to face strict online broadcasting controls in China Shanghai. April 1. INTERFAX-CHINA - Overseas films and TV programs will face strict online broadcasting controls in China under new regulations announced by the State Administration of Radio, Film, ...
Neusoft medical imaging software obtains U.S. FDA, CE certifications.
Apr 01, 2009 ... Neusoft medical imaging software obtains U.S. FDA, CE certifications Shanghai. April 1. INTERFAX-CHINA - Shanghai Stock Exchange-listed Neusoft Corp. has successfully obtained U.S. Food and Drug Administration (U.S. FDA) certification and the Conformite Europeenne (CE) mark for ...
China Mobile TD-SCDMA terminal funding program attracts big names.
Apr 01, 2009 ... China Mobile TD-SCDMA terminal funding program attracts big names Shanghai. April 1. INTERFAX-CHINA - A China Mobile scheme offering a total of RMB 600 million ($87.77 million) to handset and chip makers to develop TD-SCDMA terminals has attracted both domestic and overseas big- ...
SL Pharma to acquire stake in Purenhong Pharma.
Apr 01, 2009 ... SL Pharma to acquire stake in Purenhong Pharma Shanghai. April 1. INTERFAX-CHINA - Shenzhen-listed Beijing SL Pharmaceutical Co. Ltd. will buy a 17.2 percent stake in Beijing Purenhong Pharmaceutical Co. Ltd., a large privately-owned drug distributor in Beijing, SL Pharma ...
PetroChina to build CBM distribution station in Shaanxi.
Apr 01, 2009 ... PetroChina to build CBM distribution station in Shaanxi Beijing. April 1. INTERFAX-CHINA - PetroChina Co. Ltd. will invest RMB 1 billion ($146.31 million) in a coal-bed methane (CBM) distribution station in Hancheng City, Shaanxi Province, the local government announced on April ...
Beijing may allow doctors to practice in more than one hospital.
Apr 01, 2009 ... Beijing may allow doctors to practice in more than one hospital Beijing. April 1. INTERFAX-CHINA - The Beijing Health Bureau may introduce a new medical management guideline that allows doctors to practice in more than one medical institution, local media reported on March 31. ...
TCL to launch HDTV with Blu-ray player in April.
Apr 01, 2009 ... TCL to launch HDTV with Blu-ray player in April Shanghai. April 1. INTERFAX-CHINA - TCL Group, one of China's leading TV manufacturers, will launch a high-definition TV (HDTV) capable of playing Blu-ray discs this month, the company announced on March 31. TCL's new ...
Zhangjiang Hi-Tech Park establishes $146 mln biopharma fund.
Apr 01, 2009 ... Zhangjiang Hi-Tech Park establishes $146 mln biopharma fund Shanghai. April 1. INTERFAX-CHINA - Shanghai's Zhangjiang Hi-Tech Park has set up a RMB 1 billion ($146.31 million) biopharmaceutical fund, it announced on its Web site on April 1. According to the ...
Beijing to give free flu shots to students.
Apr 01, 2009 ... Beijing to give free flu shots to students Shanghai. April 1. INTERFAX-CHINA - Beijing will provide free influenza immunization for middle and primary school students this year, the Beijing Center for Disease Control and Prevention (Beijing CDC) announced on March 31. ...
Huayou Cobalt to build 5,000-ton cobalt tetroxide producing facility.
Apr 01, 2009 ... Huayou Cobalt to build 5,000-ton cobalt tetroxide producing facility Shanghai. April 1. INTERFAX-CHINA - Zhejiang Huayou Cobalt Co. Ltd., one of China's leading cobalt producers, will invest RMB 750 million ($109.73 million) to build a new cobalt tetroxide producing facility, a ...
Minmetals offers $1.21 bln for OZ Minerals assets.
Apr 01, 2009 ... Minmetals offers $1.21 bln for OZ Minerals assets Shanghai. April 1. INTERFAX-CHINA - China Minmetals Corp., the country's largest state-run metals trader, has agreed to purchase most of OZ Minerals Ltd.'s assets for $1.2 billion after its previous takeover proposal was blocked ...
HPI and Datang International post disappointing earnings for 2008.(Financial report)
Apr 01, 2009 ... HPI and Datang International post disappointing earnings for 2008 Shanghai. April 1. INTERFAX-CHINA - Huaneng Power International Inc. (HPI) recorded a net loss of RMB 3.7 billion ($541.73 million) in 2008, while rival power giant Datang International Power Generation ...
China Telecom to launch 3G services in Beijing on April 3.
Apr 01, 2009 ... China Telecom to launch 3G services in Beijing on April 3 Beijing. April 1. INTERFAX-CHINA - China Telecom's Beijing subsidiary announced on March 31 that it will officially launch 3G services in the city on April 3. According to the announcement, China Telecom users ...
Baosteel cuts ex-works steel product prices for May.
Apr 01, 2009 ... Baosteel cuts ex-works steel product prices for May Shanghai. April 1. INTERFAX-CHINA - Baoshan Iron and Steel Co. Ltd. (Baosteel), a subsidiary of China's top steelmaker Baosteel Group, has slashed the May ex-works prices of its steel products by between RMB 200 ...
Angang to lift stakes in Pangang's listed subsidiaries as shareholders cash out.
Apr 01, 2009 ... Angang to lift stakes in Pangang's listed subsidiaries as shareholders cash out Shanghai. April 1. INTERFAX-CHINA - State-run Anshan Iron and Steel Group (Angang), which is facilitating the full listing of Panzhihua Iron and Steel Group (Pangang), will buy more shares in ...
Guest column: Chinese copper prices may have reached their peak.(Column)
Apr 02, 2009 ... Guest column: Chinese copper prices may have reached their peak In this week's Interfax metals guest column, Zhu Yuanming, an industry analyst with International United Futures, examines China's copper supply and demand as well as price movements in the near future. ...
China Resources Power net profit tumbles 46.7 pct year-on-year in 2008.
Apr 02, 2009 ... China Resources Power net profit tumbles 46.7 pct year-on-year in 2008 Shanghai. April 2. INTERFAX-CHINA - China Resources Power Co. Ltd., one of China's largest power generation companies, reported on April 1 that its net profit fell by 46.7 percent year-on-year to HKD 1.71 ...
Russian Federation Council approves Russian-Chinese agreement on investment protection (repeat).
Apr 02, 2009 ... Russian Federation Council approves Russian-Chinese agreement on investment protection (repeat) Moscow. April 2. INTERFAX - The Russian Federation Council has approved the ratification of an agreement between the governments of Russia and China on the encouragement and mutual ...
CNPC cuts April sales target in eastern China.
Apr 02, 2009 ... CNPC cuts April sales target in eastern China Beijing. April 2. INTERFAX-CHINA - China National Petroleum Corp.'s (CNPC) eastern sales branch has lowered its monthly sales target by 32 percent for April, an oil analyst told Interfax on April 2. CNPC aims to sell ...
Chinese vitamin API manufacturers facing uncertainties.
Apr 02, 2009 ... Chinese vitamin API manufacturers facing uncertainties Shanghai. April 2. INTERFAX-CHINA - Chinese vitamin E and A active pharmaceutical ingredient (API) manufacturers are unsure how they will fare this year in view of declining exports since the third quarter last year, a ...
Jingcheng Copper sees $6.25 mln net loss in 2008.(Financial report)
Apr 02, 2009 ... Jingcheng Copper sees $6.25 mln net loss in 2008 Shanghai. April 2. INTERFAX-CHINA - Anhui Jingcheng Copper Share Co. Ltd., one of China's major copper plate and strip producers, reported a net loss of RMB 42.71 million ($6.25 million) in 2008, compared to a net ...
Jiangxi Copper's net profit down 50 pct year-on-year in 2008.
Apr 02, 2009 ... Jiangxi Copper's net profit down 50 pct year-on-year in 2008 Shanghai. April 2. INTERFAX-CHINA - Jiangxi Copper Co. Ltd. announced on April 1 that its net profit shrank by 49.6 percent year-on-year to RMB 2.29 billion ($335.05 million) in 2008. The company attributed ...
Topfond Pharma to undergo ownership restructure.
Apr 02, 2009 ... Topfond Pharma to undergo ownership restructure Shanghai. April 2. INTERFAX-CHINA - Henan Topfond Pharmaceutical Co. Ltd. will soon undergo ownership reorganization, the Shanghai Stock Exchange-listed company announced on April 2. According to the ...
Listing a way for Huawei to overcome overseas national security suspicions.
Apr 02, 2009 ... Listing a way for Huawei to overcome overseas national security suspicions By Zhang Danwei Shanghai. April 2. INTERFAX-CHINA - Huawei can overcome the national security concerns of foreign governments and ease its entry into their markets by listing in target countries, thereby ...
China's TMT industry attracts $126 mln in venture capital in Q1.
Apr 02, 2009 ... China's TMT industry attracts $126 mln in venture capital in Q1 Shanghai. April 2. INTERFAX-CHINA - China's TMT industry attracted $125.89 million in venture capital investment in the first quarter of 2009, down 57 percent year-on-year and 64 percent quarter-on-quarter, ...
China Mobile to invest $2.93 bln in Jiangxi Province wireless project.
Apr 02, 2009 ... China Mobile to invest $2.93 bln in Jiangxi Province wireless project Beijing. April 2. INTERFAX-CHINA - China Mobile and the government of eastern China's Jiangxi Province signed a RMB 20 billion ($2.93 billion) contract on March 31 to establish wireless TD-SCDMA Internet ...
Chinalco-Rio deal clears German regulatory hurdle.
Apr 02, 2009 ... Chinalco-Rio deal clears German regulatory hurdle Shanghai. April 2. INTERFAX-CHINA - The Aluminum Corporation of China (Chinalco) has received approval from the German Federal Cartel Office for its proposed investment in Rio Tinto, the Australian mining giant announced on April ...
Inspur to set up cloud computing laboratory with VMware.
Apr 02, 2009 ... Inspur to set up cloud computing laboratory with VMware Shanghai. April 2. INTERFAX-CHINA - Inspur Group, one of China's leading IT product and solution providers, will team up with leading virtualization software developer VMware Inc. to launch a laboratory for the research and ...
NDRC to fund next-generation Internet projects of 46 companies.
Apr 02, 2009 ... NDRC to fund next-generation Internet projects of 46 companies Shanghai. April 2. INTERFAX-CHINA - The National Development and Reform Commission (NDRC) will fund 46 companies to develop next-generation Internet technology including Internet Protocol version 6 (IPv6) technology ...
Jinduicheng Molybdenum net profit down 11 pct year-on-year in 2008.
Apr 02, 2009 ... Jinduicheng Molybdenum net profit down 11 pct year-on-year in 2008 Shanghai. April 2. INTERFAX-CHINA - Shanghai Stock Exchange-listed Jinduicheng Molybdenum Group generated a net profit of RMB 2.81 billion ($411.17 million) last year, down 11.47 percent on an annual basis, while ...
3G to drive Touch Media's taxi media business.
Apr 02, 2009 ... 3G to drive Touch Media's taxi media business By Chen Shasha Shanghai. April 2. INTERFAX-CHINA - Touch Media, a Shanghai-based operator of interactive digital screens fitted in taxis, believes the development of 3G mobile services will drive its business over the next five ...
Alcatel-Lucent to expand GSM/EDGE network for CMPak.
Apr 02, 2009 ... Alcatel-Lucent to expand GSM/EDGE network for CMPak Shanghai. April 2. INTERFAX-CHINA - China Mobile has chosen Alcatel- Lucent to expand the GSM/EDGE network for China Mobile Pakistan Ltd. (CMPak), China Mobile's wholly-owned subsidiary in Pakistan, Alcatel- Lucent ...
SCIA lowers April coke reference price.
Apr 02, 2009 ... SCIA lowers April coke reference price Shanghai. April 2. INTERFAX-CHINA - The Shanxi Coking Industry Association (SCIA) has advised producers in Shanxi Province to cut coke prices in April by RMB 100 ($14.63) per ton from the March reference price in response to the sluggish ...
Medvedev, Hu meet in London (repeat).
Apr 02, 2009 ... Medvedev, Hu meet in London (repeat) London. April 2. INTERFAX - Chinese President Hu Jintao has expressed praise for the Russian-Chinese oil trade agreements. "We have signed several agreements on cooperation in the oil industry," Hu said at a meeting with Russian ...
Second phase of Jiuquan wind farm gets go-ahead.
Apr 02, 2009 ... Second phase of Jiuquan wind farm gets go-ahead Shanghai. April 2. INTERFAX-CHINA - The Chinese government has authorized the second phase of the Jiuquan Wind Power Farm to be built in western China's Gansu Province, a local government official told Interfax on April 2. ...
China's foreign trade of electronic information products down 30.3 pct in first two months of 2009.
Apr 03, 2009 ... China's foreign trade of electronic information products down 30.3 pct in first two months of 2009 Shanghai. April 3. INTERFAX-CHINA - China's import and export turnover of electronic information products declined by 30.3 percent year-on-year in the first two months of 2009, ...
Lenovo to release TD-SCDMA netbook this year.
Apr 03, 2009 ... Lenovo to release TD-SCDMA netbook this year Shanghai. April 3. INTERFAX-CHINA - Lenovo Group Ltd. is to release its first TD-SCDMA netbook, the IdeaPad S10-2, in China this year, the company announced on April 2. The 10.2-inch screen netbook uses an Intel processor ...
CPI reports $100 mln net loss for 2008.(Financial report)
Apr 03, 2009 ... CPI reports $100 mln net loss for 2008 Shanghai. April 3. INTERFAX-CHINA - China Power International Holding Ltd. (CPI), the Hong Kong Stock Exchange-listed arm of China Power Investment Corp., recorded a total net loss attributable to equity shareholders of RMB 683.69 million ...
Chinese steel mills could secure 40 pct decrease in this year's contract iron ore prices - analysts.
Apr 03, 2009 ... Chinese steel mills could secure 40 pct decrease in this year's contract iron ore prices - analysts By Jessica Jiao Shanghai. April 3. INTERFAX-CHINA - Chinese steel mills could secure a 40 percent decrease in 2009/2010 contract iron ore prices from the world's three largest ...
China's state-owned electronics producers plagued by debt - insider.
Apr 03, 2009 ... China's state-owned electronics producers plagued by debt - insider By Hua Jinglei Shanghai. April 3. INTERFAX-CHINA - Deep debt is a common problem among Chinese state-owned electronic producers, a source at China's largest commercial bank told Interfax on April 2. ...
Zhejiang to monitor real-time conditions in drug warehouses.
Apr 03, 2009 ... Zhejiang to monitor real-time conditions in drug warehouses Shanghai. April 3. INTERFAX-CHINA - The Zhejiang Food and Drug Administration will soon set up an online system to supervise the real- time conditions in drug warehouses, the State Food and Drug Administration (SFDA) ...
China to close markets for national holiday on April 6.
Apr 03, 2009 ... China to close markets for national holiday on April 6 Shanghai. April 3. INTERFAX-CHINA - Commodity and stock markets in mainland China will suspend trading on April 6 due to a national holiday. According to the State Council's public holiday calendar, mainland ...
Chinese refining profits to fall in April.
Apr 03, 2009 ... Chinese refining profits to fall in April Beijing. April 3. INTERFAX-CHINA - The profits of Chinese refineries will drop in April as oil product prices have not kept up with rising crude oil prices, an oil analyst told Interfax on April 2. Wang Jiamei, an oil analyst ...
Shanxi orders coalmines to mechanize by 2010.
Apr 03, 2009 ... Shanxi orders coalmines to mechanize by 2010 Shanghai. April 3. INTERFAX-CHINA - Shanxi Province, China's largest coal producer, will require all local coalmines to begin using coal exploitation machinery by 2010, the Shanxi Coal Industry Bureau (SCIB) announced on April 3. ...
Trading volumes of SHFE rebar and wire contracts rise.
Apr 03, 2009 ... Trading volumes of SHFE rebar and wire contracts rise Shanghai. April 3. INTERFAX-CHINA - The trading volumes of rebar and wire futures contracts on the Shanghai Futures Exchange (SHFE) expanded on April 2, following three quiet trading days, due to increased participation from ...
More smoking cessation clinics should be set up in China - MoH.
Apr 03, 2009 ... More smoking cessation clinics should be set up in China - MoH Shanghai. April 3. INTERFAX-CHINA - The Ministry of Health (MoH) is encouraging Chinese hospitals to open smoking cessation clinics, it announced on April 2. According to the MoH, the move is in line with ...
AVS Workgroup drafting audio video standard for UHDTV.
Apr 03, 2009 ... AVS Workgroup drafting audio video standard for UHDTV Shanghai. April 3. INTERFAX-CHINA - The Audio Video Coding Standard Workgroup of China (AVS Workgroup) has started drafting an advanced version of the Chinese-developed AVS standard to support audio video coding for ultra ...
Sino-Platinum sees net loss of $12.5 mln in 2008.(Financial report)
Apr 03, 2009 ... Sino-Platinum sees net loss of $12.5 mln in 2008 Shanghai. April 3. INTERFAX-CHINA - Sino-Platinum Metals Co. Ltd., a subsidiary of Yunnan Tin Group, announced on April 2 a net loss of RMB 85.40 million ($12.50 million) for 2008 due to plunging precious metal and nickel prices. ...
Guest column: China Telecom's IM service part of wider strategy.(Column)
Apr 03, 2009 ... Guest column: China Telecom's IM service part of wider strategy In this week's guest column, Ma Jihua, an independent telecom analyst, argues that the competition between China Telecom's Tianyi Live and China Mobile's Fetion instant messaging services is part of the wider ...
Sohu game unit raises $165 mln from IPO.
Apr 03, 2009 ... Sohu game unit raises $165 mln from IPO Shanghai. April 3. INTERFAX-CHINA - Changyou.com Ltd., the online game unit of Chinese Internet portal Sohu.com Inc, raised $165 million from its initial public offering on the Nasdaq on April 2. Changyou.com issued 7.5 million ...
CNPC cuts monthly fuel sales target for northern China and Guangdong.
Apr 03, 2009 ... CNPC cuts monthly fuel sales target for northern China and Guangdong Beijing. April 3. INTERFAX-CHINA - China National Petroleum Corp. (CNPC) has lowered its monthly fuel sales targets for northern China and Guangdong Province, according to statistics that C1 Energy released on ...
CNAF to build fuel depot in Shanghai.
Apr 03, 2009 ... CNAF to build fuel depot in Shanghai Beijing. April 3. INTERFAX-CHINA - China National Aviation Fuel Group Corp. (CNAF) will build a new fuel depot with a storage capacity of 440,000 cubic meters in Shanghai Municipality this year, an analyst told Interfax on April 3. ...
Chinese Foreign Ministry hopes N. Korea rocket launch will not cause escalation of tensions (repeat).
Apr 03, 2009 ... Chinese Foreign Ministry hopes N. Korea rocket launch will not cause escalation of tensions (repeat) st1:*{behavior:url(#ieooui) } BEIJING. April 3. INTERFAX - A Chinese Foreign Ministry official has expressed concerns about the upcoming launch of an experimental artificial ...
China Comservice net income hits $194.96 mln in 2008.(Financial report)
Apr 03, 2009 ... China Comservice net income hits $194.96 mln in 2008 Shanghai. April 3. INTERFAX-CHINA - Hong Kong-listed China Communications Services Corp. Ltd. (China Comservice), a support service provider for China's telecom operators, reported s net income of RMB 1.33 billion ($194.96 ...
Xiangjiang Wanji holds off building 400,000-ton alumina facility.
Apr 03, 2009 ... Xiangjiang Wanji holds off building 400,000-ton alumina facility Shanghai. April 3. INTERFAX-CHINA - Henan Province-based Luoyang Xiangjiang Wanji Aluminum Co. Ltd., a major Chinese alumina producer, is postponing the construction of a 400,000-ton alumina production facility due ...