Business

Thousands of workers protest at Sanyo's China plant

Thousands of Chinese workers protesting over compensation and job security at a Sanyo Electric Co Ltd plant clashed with police in southern Shenzhen, media said on Monday, the latest outbreak of labor unrest in China's manufacturing hub.

Hong Kong Stocks Decline as Wen Warns of ’Difficult’ Conditions for China

Hong Kong stocks (HSI) fell as Premier Wen Jiabao said China faces “relatively difficult” business conditions, tempering gains by exporters on better-than- estimated economic data from the U.S. and Germany.


China's PICC to raise $786 mln in rights issues

PICC Property & Casualty Co. said Tuesday it plans to raise HK$6.13 billion ($786 million) through rights issues in mainland China and Hong Kong.

Hong Kong Pavilion opens at Marintec China 2011

The Permanent Secretary for Transport and Housing (Transport), Mr Francis Ho, today (November 29) officiated at the opening of the Hong Kong Pavilion at Marintec China 2011, a biennial international shipping and maritime trade fair being held in S...


China's CNOOC replaces CEO Yang after spill

China's state-owned oil company CNOOC Ltd. said on Wednesday that it has replaced its CEO. The news follows an oil spill that brought criticism from oceanic officials and environmental groups.

Chinese Banks Increase Mortgage Rates as Property Prices Decline

At least two Chinese banks increased interest rates on mortgages for first homes, after property prices posted their first monthly decline in a year.


China 'launches gold vending machine'

Breitbart.com 26.09.2011
China 'launches gold vending machine'

China, already the world's second largest bullion consumer, has installed the country's first gold vending machine in a busy shopping district in Beijing, state media said on Sunday.

Popular China company structure under threat

Stephen Aldred and Don Durfee Reuters India 20.09.2011
Popular China company structure under threat

China's securities regulator is asking the government to clamp down on the controversial corporate structure used by companies such as Sina and Baidu to list overseas, and employed in thousands of other investments by foreigners into domestic Chin...


China’s Growing Class of Wealthy Are Youngest in Asia Ex-Japan, HSBC Says

Wealthy people in China are the youngest in Asia excluding Japan and their numbers are poised to surpass counterparts in developed Asian markets, according to HSBC Holdings Plc.

China states price for Italian rescue

Ambrose Evans-Pritchard Telegraph 15.09.2011
China states price for Italian rescue

China has called for major strategic concessions from Europe before agreeing to rescue the eurozone, chilling hopes for immediate purchases of Italian bonds.


China Woos Caribbean With Offer of $1 Billion in Loans

China announced on Monday it will provide $1 billion in loans to Caribbean countries to finance infrastructure projects as it deepens ties in a region historically linked with the United States.

Disney factory in China faces probe into sweatshop suicide claims

Disney's best-selling Cars toys are being made in a factory in China that uses child labour and forces staff to do three times the amount of overtime allowed by law, according to an investigation.


China, Libya's fair-weather friend

When the going gets rough, China gets going. After six months of attempted neutrality between Moammar Gadhafi loyalists and rebel forces, Beijing now appears to have chosen sides. This, as the end-game seemingly nears for Libya’s leader of 42 year...

Chinese electric taxis struggle to win mass appeal

A pioneering electric taxi project in China's southern economic powerhouse of Shenzhen seems a success by most accounts. Riders are enthusiastic, there have been no accidents and drivers are termed "gracious," not a term usually applied to mainlan...


China's $600 billion housing push faces roadblocks

Langi Chiang and Don Durfee Reuters 24.06.2011
China's $600 billion housing push faces roadblocks

Taoyuan Village, the first affordable-housing project in the southern boomtown of Shenzhen, should be a shining example of Beijing's ambitious $600 billion plan to offer high-quality housing for the millions of Chinese priced out by the urban prop...

HSBC, Citi given nod to underwrite China corporate debt: sources

The China units of HSBC Holdings (HSBA.L) (0005.HK) and Citigroup Inc (C.N) have won initial approval to underwrite corporate debt in China, paving the way for them to be the first foreign banks to win the coveted licenses, sources told Reuters on...


China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills

China has dropped 97 percent of its holdings in U.S. Treasury bills, decreasing its ownership of the short-term U.S. government securities from a peak of $210.4 billion in May 2009 to $5.69 billion in March 2011, the most recent month reported by ...

China Southern Airlines to buy six Boeing B777Fs

China Southern Airlines, one of China's major air carriers, said on Tuesday that it has agreed to buy six Boeing 777 freighters, as the company continues to grow its cargo business.


In China, some new cities are ghost towns

In China's Inner Mongolia, Kangbashi district offers residents "new modern" living, with tree-lined streets, shiny apartment buildings, vast parklands, restaurants and even a motor racing track. But seven years after construction workers broke gro...

Foreign Investment in China Climbs 15%

Foreign direct investment in China climbed 15 percent in April as companies including Starbucks Corp. (SBUX) and Walt Disney Co. expand to tap rising incomes in the world’s fastest-growing major economy.



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