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Market News |
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| Members will be notified by email immediately of any Chinese industry specific updates, either government or business, that potentially affect either directly or indirectly, their business operations in China
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Capsized tanker spills oil into Indonesian waters |
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2007/12/19 10:48 (Beijing - China) |
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| A tanker ship carrying 50,000 liters of diesel oil capsized and spilled its content into the sea off East Java province Tuesday.
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Indonesian business watchdog vows new charges against mobile firms |
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2007/12/19 10:47 (Beijing - China) |
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| The Indonesian business watchdog has vowed to proceed probe into alleged price-fixing for text-message services by eight mobile communications providers. |
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Overseas banks expand steadily in China |
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2007/12/19 10:44 (Beijing - China) |
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| Overseas banks saw their business steadily expanding in China since last December when the country fully opened its banking sector to foreign competitors. |
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Macao sees 28th casino as MGM Grand opens |
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2007/12/19 10:37 (Beijing - China) |
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| Macao's 28th casino resort MGM Grand Macao Tuesday marked its debut with world class performances only a street away from Wynn Macao, another Las Vegas-style casino resort, intensifying the fierce competition in Macao's gaming industry. |
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Potala Palace receives more than one million tourists this year |
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2007/12/19 10:32 (Beijing - China) |
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| Tibet's architectural icon, the Potala Palace, has received more than one million tourists so far this year, a 56 percent increase year-on-year. |
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China sets up oil reserve center |
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2007/12/19 10:31 (Beijing - China) |
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| China announced Tuesday the setting up of a national oil reserve center, the top economic planning agency confirmed.
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China's SOEs to see profits surge 30% this year |
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2007/12/19 10:29 (Beijing - China) |
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| China's centrally administered state-owned enterprises (SOEs) are expected to see annual profits leap some 30 percent in 2007 buoyed by a strong economy, according to statistics released Tuesday. |
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East China province expands artificial reefs to rehabilitate fish stocks |
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2007/12/19 10:19 (Beijing - China) |
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| The eastern coastal province of Shandong plans to expand its artificial reefs to 3,000 hectares from 550 hectares over the next three years, buoyed by marked increases in fish stock yields since it first implemented the project in 2005. |
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China's oil giant teams with Chevron to develop gas field |
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2007/12/19 10:04 (Beijing - China) |
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| CNPC, the country's biggest oil and gas producer, signed a 30-year contract Tuesday with U.S. Chevron Corp. to jointly develop a large gas field in southwest China's Sichuan province. |
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China to invest in toilet renovations at Tibet tourist attractions |
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2007/12/19 10:02 (Beijing - China) |
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| China tourism authorities plan to allocate 10 million yuan (1.3 million U.S. dollars) to renovate toilets in popular attractions in the Tibet Autonomous Region.
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Medtronic buys stake in Chinese Weigao |
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2007/12/19 09:55 (Beijing - China) |
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| Medtronic, Inc. and Shandong Weigao Group Medical Polymer Company Limited announced that they have agreed to form a joint venture to market therapies in the spine and orthopedics sector and that Medtronic would acquire a 15 percent equity interest in Weigao. |
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More media services promised |
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2007/12/19 09:51 (Beijing - China) |
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| The government will provide comprehensive service to the foreign media next year with timely dissemination of more authoritative information.
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China to help 50 inland cities attract processing trade from coastal east |
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2007/12/19 09:38 (Beijing - China) |
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| China will select 50 cities in its middle and western inland to help them, with favorable tax and industrial policies, attract processing trade relocated from the coastal east. |
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China's real estate boom continues in November |
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2007/12/19 09:35 (Beijing - China) |
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| China's real estate sector is continuing to boom despite tighter monetary policy, at least in terms of total fund inflows, the latest government statistics show. |
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Heavy taxes hamper Chinese private business |
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2007/12/19 09:32 (Beijing - China) |
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| Heavy taxation has become a major factor that hampers private enterprises' expansion, according to a survey by the China National Democratic Construction Association (CNDCA). |
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Renault recalls over 10,000 cars in Brazil |
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2007/12/18 11:19 (Beijing - China) |
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| French automaker Renault announced on Monday it would recall more than 10,000 cars in six models of Logan sedans in Brazil because of faulty axial ball joints.
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Crude prices decline as OPEC may raise output |
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2007/12/18 11:12 (Beijing - China) |
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| Crude prices declined Monday as an OPEC official hinted to boost output.
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Poland expects 5.5% GDP growth in 2008 |
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2007/12/18 11:10 (Beijing - China) |
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| Poland's GDP growth is still expected to hit 5.5 percent in 2008 in spite of worse prognoses for the global economy, Polish Deputy Finance Minister Katarzyna Zajdel-Kurowska told Polish news agency PAP. |
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Leading Mercosur official calls for EU to open markets |
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2007/12/18 11:07 (Beijing - China) |
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| The leading official from the Southern Common Market or Mercosur Carlos Alvarez called for the EU to relax its position and open its market so the two blocs can set up a trade agreement.
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Swiss regulator warns U.S. subprime crisis not over |
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2007/12/18 10:54 (Beijing - China) |
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| A Swiss banking regulator has warned that the United States subprime crisis is not over and could spread to other credit markets, the Swissinfo website reported.
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