China Economic ReviewChina has initiated an anti-dumping investigation into imports of hydrazine hydrate, a chemical used in water treatment, the Chinese Ministry of Commerce announced. The investigation covers imported hydrazine hydrate originating from Japan, South Korea, the US and France. The investigation will be finished within one year, and could be extended six more months in special […]
Sun Microsystems will pay US$291,000 to settle with the US Commerce Department over the sale of high-powered servers to China and Egypt. The China sale, which took place in 1997, involved a 14-processor E5000 server. The server was shipped to Automated Systems in Hong Kong, but US investigators found it at the Changsha Institute of […]
Chinese direct investment to foreign countries, excluding investment in the field of finance, reached US$29.92 billion until the end of 2002, the Ministry of Commerce said In that year alone, the country's net direct investment to foreign countries totaled US$2.7 billion. It was the first time such figures had been issued. The figures also showed […]
Shanghai received formal approval from the central government to set up a logistics center aimed at exporters in a bid to make the city's port more attractive. The logistics area, to be located in the Waigaoqiao Free Trade Zone, will offer special services for value-added tax (VAT) and container shipping and will cover 1.02 sq […]
Japan-based NEC bought out the shares of Beijing Huahong NEC IC Design Co held by Chinese partner Beijing Huahong Integrated Circuit Design Co, according to Japanese media. The acquisition makes the IC joint venture a wholly owned subsidiary. Beijing Huahong NEC was set up in 1998 as a 60:40 joint venture capitalized at US$20 million. […]