China Economic ReviewHaving spent years learning the trade from foreign joint venture partners, there were signs last month that China’s auto makers are ready to strike out on their own as Shanghai Automotive Industry Corp (SAIC) announced plans to export own-brand vehicles.
Beijing is treading a fine line as it slowly moves towards energy price reform.
With ever more mainland firms listing in Hong Kong, the Securities and Futures Commission (SFC) sought allay fears over corporate governance risks by calling for greater cooperation with its mainland counterpart, the China Securities Regulatory Commission (CSRC).
As Beijing targets homegrown global brands, the real battleground is for China’s booming consumer classes. The rest of the world may have to wait
A delegation of Chinese companies, led by Vice Premier Wu Yi, signed purchase orders worth US$16.2 billion with the US in the build up to President Hu Jintao’s visit last month. In addition to a US$4.6 billion plane deal with Boeing, US$1.7 billion was spent on US computer software and US$500 million on Motorola products. Flextronics secured a US$1 billion deal, and GE energy won a US$350 million contract for power generation equipment.