Stats bureau aims at more ‘credible’ data

China’s National Bureau of Statistics (NBS) is set to revamp its data collection and publication methods to improve the accuracy and credibility of its figures, state media reported. The NBS said it plans to broaden

New Zealand farmers look for equal land deals with China

New Zealand farmers are looking to have equal rights to buy land in China if Chinese investors want to acquire domestic pastures and milk farms, Bloomberg reported, citing

GM China sales rise 19% in August

General Motors (GM) said sales in China increased 19.2% in August from the same time last year to 181,625 units, continuing the US automaker’s strong 2010 performance, state media reported. Sales for the first eight

China Sanjiang plans $101m Hong Kong IPO

China Sanjiang Fine Chemicals is planning to raise up to US$101 million in an initial public offering in Hong Kong, the South

ZTE, Huawei to launch Android-based devices

ZTE Corp (0763.HK) and Huawei Technologies are planning to roll out new mobile devices, including tablets and 3G handsets based on Google’s (GOOG.NASDAQ) Android operating system, the Wall Street Journal

Report: Power cuts to see drop in steel output, higher prices

An increase in local government power restrictions could lead to a drop in steel output and higher prices, Bloomberg reported, citing a report by Credit Suisse (CS.NYSE). According to Credit

EU lobby group calls for more openness

The European Union Chamber of Commerce in China (EUCCC) has added its voice to growing calls for more open access to China’s markets, the

Air China executive says Dreamliner delay won’t hurt airline

Delayed delivery of Boeing’s (BA.NYSE) 787 Dreamliner passenger jet will not have a significant impact on Air China’s (AIRC.LSE, 601111.SH, 0753.HK) operations, state media reported, citing a senior executive at the

Canadian official raises concerns over Chinese bid for Potash

Brian Wall, premier of the Canadian province of Saskatchewan, said Sinochem’s planned purchase of Potash Corp (POT.NYSE, POT.TSX) would not be in Saskatchewan’s best interests, the Wall Street Journal

Ping An will take controlling stake in SDB

Ping An Insurance (601318.SH, 2318.HK) is planning to acquire an additional 32% stake in Shenzhen Development Bank (SDB, 000001.SZ) for US$4.27 billion in a private placement, the Wall Street Journal

Regulator pushes for M&A in rural credit market

China’s banking regulator has called for more mergers between the country’s rural credit cooperatives (RCC) to reduce their high credit risks, state media reported. Jiang Liming, deputy director of the China Banking Regulatory Commission’s cooperative …

China implements ID rule for SIM cards

Cellphone users will now have to register by name and present formal identification when setting up an account or buying a new phone number, state media reported. The Ministry of Industry and Information Technology (MIIT)

China corn imports spike in January-July period

China imported 282,000 metric tons of corn between January and July this year, 56 times the quantity of imports in the same period last year, state media reported, citing figures from the Ministry of Agriculture. The

August passenger car sales up 59% y/y

China’s passenger car sales rose 59.26% year-on-year in August to 977,300 units, buoyed by new model launches and better promotions, state media reported, citing data from the China Automotive Technology and Research Center

China to launch Yangtze cleanup

Chinese officials have earmarked billions of renminbi to increase forest coverage and treat sewage in a campaign to clean up the Yangtze River and Three Gorges reservoir areas, state media reported. According to Jia Zhibang,

IBM launches hospital record system in Guangdong

IBM (IBM.NYSE) is introducing new technology to a group of hospitals in Guangdong province with the aim of standardizing patient records and collating data for analyses of traditional Chinese medicine (TCM) treatments, the

Beijing Enterprises looks for gas tariff increase

Beijing Enterprises Holdings (0392.HK), the capital’s only supplier of natural gas, is looking to raise prices to offset higher costs, the

Official: Chinese investment in Vietnam rising on lower costs

Chinese companies are eyeing further expansion in Vietnam due to the country’s lower labor costs and greater access to Southeast Asia, state media reported, citing Vietnamese trade officials. According to Bui Quoc Trung,

NEC, Neusoft to set up cloud computing JV

Japan’s NEC (6701.TYO) and Neusoft (600718.SH), one of China’s biggest software companies, have agreed to form a joint venture offering cloud computing services in China, the Financial

US will not launch China currency probe

The US will not launch an investigation into allegations that value of China’s currency acts as a form of export subsidy, state media reported. Countervailing duties had been called for on imports of Chinese-made aluminium

China’s August PMI edges past July’s low

China’s official Purchasing Managers’ Index (PMI) climbed to 51.7 in August from 51.2 in July – the lowest growth since February 2009 – supported largely by seasonal factors,

South China’s high-speed rail to hit 5,000 km by 2012

China will complete construction of its 5,000 kilometer high-speed rail network in the south of the country by 2012, state media reported, citing a senior official. Between 2012 and 2015, a further 5,000 kilometers of

Great Wall Motor to push offshore sales

Great Wall Motor (2333.HK) is hoping to expand its presence on the international stage by setting up five new offshore assembly plants and ramping up shipments over the next five years, state media reported. According

Minister: Rare earth limits based on environmental concerns

China’s move to place limits on the extraction and export of rare earth materials is based on concerns about environmental protection and national security, state media reported, citing commerce minister Chen Deming.

ABC expects strong full-year growth

Agricultural Bank of China (ABC; 601288.SH, 1288.HK) expects net profit to continue rising in the second half on asset and margin expansion, the

Page suivante »