Objectif-Chine.com » China Economic Review – Daily Briefs

Prada files application to list in Hong Kong

China Economic Review - Daily Briefs — Fri, 01 Apr 2011 05:14:29 +0000

Prada, the Italian fashion house, has filed a request to list in Hong Kong through an initial public offering this summer that could raise as much as US$2 billion, the Wall Street Journal

Chinese white paper highlights growing military tensions

China Economic Review - Daily Briefs — Fri, 01 Apr 2011 05:14:29 +0000

A military policy white paper issued by Beijing notes that other countries are concerned about China’s growing regional power, the Financial

Wal-Mart looks to buy more land in China

China Economic Review - Daily Briefs — Fri, 01 Apr 2011 05:14:28 +0000

Wal-Mart (WMT.NYSE) is eying more land purchases in China as it seeks to expand its network of stores in the country, Bloomberg reported. Where once foreign supermarket

G20 nations differ on monetary controls, renminbi

China Economic Review - Daily Briefs — Fri, 01 Apr 2011 05:14:28 +0000

Timothy Geithner, the US Treasury secretary, ignored Beijing’s insistence that its currency policy should not be a topic at Thursday’s meeting of G20 officials in Nanjing by stressing the importance of flexible exchange rates, the

China’s manufacturing sector sees first expansion in four months

China Economic Review - Daily Briefs — Fri, 01 Apr 2011 05:14:27 +0000

Activity in China’s manufacturing sector grew for the first time in four months as the Purchasing Managers’ Index (PMI) reached 53.4 in March compared to 52.2 in February,

EU considers anti-subsidy duties on Chinese paper

China Economic Review - Daily Briefs — Fri, 01 Apr 2011 05:14:27 +0000

China could be hit with anti-subsidy duties on high-end paper exports in a move that suggests the EU is becoming more aggressive in tackling what it sees as unfair trade practices, the

Guangdong seeks to clamp down on illegal immigration

China Economic Review - Daily Briefs — Thu, 31 Mar 2011 04:49:33 +0000

Guangdong province is encouraging people to report foreigners who enter China illegally, remain in the country after their visa expires, work without permits or conduct business without a license, according to state

China reassures farmers with creation of state cotton reserve

China Economic Review - Daily Briefs — Thu, 31 Mar 2011 04:49:32 +0000

China will rebuild its state cotton reserve as a means of encouraging domestic production, the Financial Times reported. The country is the world’s leading cotton

China COSCO says dry-bulk traffic will fall due to overcapacity

China Economic Review - Daily Briefs — Thu, 31 Mar 2011 04:49:31 +0000

China COSCO Holdings (601919.SH, 1919.HK) expects a 32% fall in dry-bulk traffic this year as capacity increases outpace demand growth, Bloomberg reported.

ICBC expects slower credit growth in 2011 on government tightening

China Economic Review - Daily Briefs — Thu, 31 Mar 2011 04:49:31 +0000

Industrial and Commercial Bank of China (ICBC; 601398.SH, 1398.HK) beat expectations with a 28% increase in net profit to US$125 billion in 2010, but warned that credit expansion is likely to slow this year,

CNOOC, Total agree on investment in Ugandan oil assets

China Economic Review - Daily Briefs — Thu, 31 Mar 2011 04:49:30 +0000

China National Offshore Oil Corp (CNOOC; CEO.NYSE, 0883.HK) and Total SA (TOT.NYSE, FP.Euronext) are to pay US$2.9 billion for three oil exploration areas in Uganda, the Wall Street Journal

Qihoo 360 soars on its New York trading debut

China Economic Review - Daily Briefs — Thu, 31 Mar 2011 04:49:30 +0000

Chinese internet firm Qihoo 360 Technology (QIHU.NYSE) saw its shares more than double in price to US$32.10 on their trading debut on the New York Stock Exchange, Reuters reported. Qihoo 360,

Diversification strategy sees Evergrande post sevenfold profit increase

China Economic Review - Daily Briefs — Wed, 30 Mar 2011 04:42:53 +0000

Evergrande Real Estate (3333.HK) posted a sevenfold increase in 2010 net profit to US$1.2 billion as its strategy to diversify away from major cities paid off,

Shanghai sets property price growth target

China Economic Review - Daily Briefs — Wed, 30 Mar 2011 04:42:52 +0000

The Shanghai government aims to limit home price increases to no more than the pace of the city’s annual economic and disposable per capita income growth,

Guangdong Nuclear to list uranium assets in Hong Kong

China Economic Review - Daily Briefs — Wed, 30 Mar 2011 04:42:52 +0000

China Uranium Development (CUD), a unit of Guangdong Nuclear Power Group, set the stage for a backdoor listing in Hong Kong through the acquisition of drug supplier Vital Group Holdings (1164.HK),

China still leads the world in renewable energy investment: Pew

China Economic Review - Daily Briefs — Wed, 30 Mar 2011 04:42:51 +0000

China consolidated its position at the top of the Pew Charitable Trusts’ renewable energy investment rankings last year as spending rose 39% to US$54.4 billion,

China Unicom income falls due to handset subsidies

China Economic Review - Daily Briefs — Wed, 30 Mar 2011 04:42:51 +0000

Heavy spending on handset subsidies intended to attract phone users to 3G mobile services saw China Unicom’s (CHU.NYSE, 600050.SH, 0762.HK) 2010 net profit fall 60% year-on-year to US$586.5 million, the

China’s rural revival boosts ABC profits

China Economic Review - Daily Briefs — Wed, 30 Mar 2011 04:42:50 +0000

Rising incomes in rural China are delivering record profits to rural financial institutions that were struggling to survive just a few years ago, the chairman of Agricultural Bank of China (ABC; 601288.SH, 1288.HK) told the