China Economic ReviewShenzhen's utility companies and Shanghai No 1 Department Store are among 100,000 state-owned enterprises (SOEs) scheduled for privatisation in the coming months and years, reported South China Morning Post. The newly formed Asset Supervision and Administration Commission has been working to merge SOEs into 196 major groups, with all remaining companies to be sold off […]
Foreign direct investment (FDI) in July was down 38 per cent from July 2002 to US$3.1bn, the lowest monthly figure since May 2002. Observers were divided between those who blamed the fall on the Sars outbreak and others who thought that the drop might be a blip caused by an unusually strong July figure last […]
Japanese facsimile and copier maker Ricoh has bought out its China joint venture partner Shanghai Fax Machine for US$15.7m to take full control of the Shanghai-based venture, reported South China Morning Post. The venture, originally established in 1993 with US$44m of investment, recorded sales of more than US$89m last year. Ricoh has decided to take […]
Company index Accor 5 Air China 5 Air India 5 AMD 10 Arcelor 9 Bank of America 11 Bank of China 11, 12 Baoshan 9 Beijing Automotive 10 Bentley 10 BNP Paribas 12, 25 BOE Technology 10 Bridgestone 9 Brilliance China Auto 13 Carrefour 18 Chalco 9 China Construction Bank 11 China Eastern 5, 10 […]
Controversial for its impact on the environment and local residents, the Three Gorges Dam should actually deliver substantial economic benefits to the impoverished regions of central and western China.