Archive for November, 2005

Stock Market Reform & Regulation

Wednesday, November 30th, 2005

Earlier this month, in the latest effort to improve the stock market environment, the China Securities Regulatory Commission (CSRC) issued 26 guidelines, including a requirement for major shareholders of listed companies to repay any debts to those companies by the end of 2006 (as some shareholders have been tempted to treat such loans more like […]

Bulls Hit the Shops in China

Wednesday, November 30th, 2005

As the overall economy continues to grow strongly – GDP was reported to be up 9 percent in the past quarter, the 10th in a row at these levels the retail sector has outperformed. Retail sales rose 12.8 percent year-on-year in October, and could reach RMB6.1 trillion for the year as a whole (up […]

Bush: After the Visit

Tuesday, November 29th, 2005

President Bushs recent visit to China came and went without great excitement. The administrations increasingly confrontational approach (including pre-visit lectures, delivered while visiting some of Chinas neighbours) has developed on the back of a number commercial and political issues such as: the trade deficit; RMB valuation; textiles trade negotiations; intellectual property protection; regional competition for […]

Dirty Business in Harbin

Monday, November 28th, 2005

The latest industrial accident in China is also an environmental disaster � for local people around Jilin and Harbin, and for those downstream in Russia. The chemical plant, a subsidiary of the state-owned China National Petroleum Corp. (CNPC), released tons of toxic benzene into the Songhua river on November 13th. It was reported that, although […]

Copper-Bottomed Crisis

Monday, November 28th, 2005

Chinas demand for resources is an issue of concern that is impacting business and political relationships around the world for example the protectionist attitude of the US to CNOOCs failed bid for Unocal, and in Chinas increasing investment in mining and oil in Latin American and Africa. The copper market is just the latest […]

Companies in the News

Friday, November 25th, 2005

The latest corporate news includes: Boeings deal to sell 150 planes to China on the back of the Bush visit; BP and Temaseks purchase of 30 percent of China Aviation Oil; China Unicoms GSM subscribers hit 93.2 million; Ciscos deal with ZTE; General Motors and Chery reach agreement on IP issues; LVMH report strong China […]

Bird Flu Update

Thursday, November 24th, 2005

China has called bird flu a “serious epidemic” and has now reported 20 outbreaks since late October. See related news: China: ‘bird flu serious epidemic’ Scotsman – United Kingdom China has called bird flu a “serious epidemic” and reported three new outbreaks of the deadly virus in different parts of the country, while Canada announced […]

Bird Flu Update

Wednesday, November 16th, 2005

CNN has reported that The World Health Organization has confirmed two human cases one fatal – of bird flu in China. In the meantime, there are plans to vaccinate Chinas entire poultry stock (some 14 billion birds), and official reports of a Chinese-developed, human vaccine that is to undergo clinical tests. See related stories: […]

Companies in the News

Wednesday, November 16th, 2005

The latest corporate news from China includes: DBS bank is expanding its branch network, and also buying stakes in Chinese banks and securities companies; Goldman Sachs (through Jade Dragon (Mauritius) Ltd.) has purchased a 2.25 percent stake in Shenzhen-based telecommunication equipment manufacturer ZTE Corp; Lloyds of London has finally received a license to open a […]

China’s Oil: Imports & Assets

Tuesday, November 15th, 2005

According to reports from China, Chinas oil imports may rise 6 percent this year, having risen 35 percent (to 122.7 million tons) last year. However, experts at the China-Montreux Energy Roundtable suggested that the current high oil price and supply shortage cannot be blamed on China, and that is has been caused by lack of […]