Business

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China's leading steelmaker Baosteel Group Corp. said Monday it planned to pay more than two billion yuan (294 million dollars) for a controlling stake in a smaller rival.

China firms turn to home market

The Malaysia Insider 28.02.2009
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At a time when many exporters in China's southern manufacturing belt are downsizing, Chan Kok Kwong is building a bigger business. The 49-year-old Singaporean is pouring 40 million yuan (RM22 million) into Locasa, his furniture manufacturing compa...


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Alibaba Group Holding Ltd. Chief Executive Officer Jack Ma said he’s on a recruiting drive to lure Silicon Valley engineers to China and that the company needs 5,000 more employees this year to keep up with demand.

Jaguar Land Rover secures order from China

Jonathan Guthrie FT 28.02.2009
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Jaguar Land Rover has won a £600m order to supply 13,000 vehicles to China, in a rare piece of good news for the beleaguered automotive industry.


Positive Bounce Due For China Markets

The China stock market on Tuesday wrote an emphatic finish to the three-day winning streak that saw it gather nearly 100 points or 4.5 percent along the way. The Shanghai Composite Index is clinging to support at 2,200 points, but analysts are loo...

China Life Had Sought Wing Hang Bank Stake, Regulator Says

China Life Insurance Co., the country’s biggest insurer, sought to buy a 10 percent stake in Hong Kong’s Wing Hang Bank Ltd. from the Bank of New York Mellon Corp. last year, the city’s securities regulator said.


China may encourage Shanghai Automotive Industry Corp. (Group) and China FAW Group Corp., its two biggest automakers, to buy rivals in a bid to revive the car industry, according to two people familiar with the plan.

THE current alarming rise in the stockpiles of major commodities in the world has not deterred merger and acquisition (M&A) interest, especially from China and India, in the huge mining assets in Australia, Africa and Latin America.


Win Streak May Be Over For China Market

The China stock market on Monday extended its winning streak to three sessions, collecting nearly 100 points or 4.5 percent along the way. The Shanghai Composite Index broke through resistance at 2,300 points, but analysts predict that the market ...

Life in China as an Entrepreneur: Face Value

Andrew Collins Yahoo 24.02.2009
Life in China as an Entrepreneur: Face Value

“Wow, that went well!” is a reaction common among Westerners at the conclusion of any meeting held with local Chinese. Does it mean you will be nailing a $1m contract anytime soon? Unlikely.


Russia, China sign US$25B oil loan deal: Reuters

Russia signed its biggest ever energy deal with China on Tuesday, under which its oil companies will receive US$25-billion in loans in exchange for long-term crude supplies, a source close to the talks told Reuters.

Lost jobs make ripples, not waves, in China

Simon Rabinovitch Nation Post 23.02.2009
Lost jobs make ripples, not waves, in China

Whatever the uncertainties as jobs vanish for China's migrant workers, two things seem clear: they will become neither rebels nor farmers.


China moves to secure its energy future

Duncan Mavin Financial Post 23.02.2009
China moves to secure its energy future

China accelerated plans on Wednesday to secure its energy future while oil prices are cheap, with Beijing moving to triple the country's stockpile of refined oil products over the next three years.

China Bought Almost Half of Australia’s Mineral Exports in 2008

Australia sold almost half of its mineral exports to China last year as demand rose from steelmakers.


China’s release of a breakdown of initial spending under a 4 trillion yuan ($585 billion) stimulus plan hasn’t satisfied Shanghai lawyer Yan Yiming, who said today that he may sue for more information.

China's jobless migrants loath to return to countryside

The parched farmlands of central China hold no future for Li Honglin, but she is trapped there until word comes from a clothing factory far away on the coast where she used to work.


CHINA'S BIGGEST CHALLENGE

Bangkok Post 21.02.2009
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'It will be very hard for China to achieve economic growth of 8% in 2009,'' Premier Wen Jiabao admitted recently at the World Economic Forum in Davos, Switzerland. Due to the global recession, China's GDP grew by 9% in 2008, with the last quarter'...

Analysis: Lost jobs make ripples, not waves, in China

Simon Rabinovitch Financial Post 21.02.2009
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Whatever the uncertainties as jobs vanish for China's migrant workers, two things seem clear: they will become neither rebels nor farmers.


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China's lenders have been urged to be flexible and innovative concerning loan repayment from smaller firms.

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The Asian Development Bank’s (ADB) Board of Directors has approved a US$400 million emergency assistance loan to rebuild roads and schools that were demolished or badly damaged in last year’s devastating earthquake in China.



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