China Economic ReviewThe Beijing municipal government signed the last of the four contracts it offered through a public bidding system to build and run Olympic venues. This means the government has successfully found financing for all six of the first batch of building projects for the Olympics. The government holds only a 15 percent stake in the […]
China offered a preferential loan of US$500 million to Pakistan for bilateral trade and economic cooperation, according to the Ministry of Commerce. The offer was made by President Hu Jintao during talks with visiting Pakistani President Pervez Musharraf. President Musharraf said that Pakistan was very interested in increasing trade ties with China and his government […]
The Chinese authorities hope that opening up the country’s capital markets to foreign investors will boost their efficiency. However, this outcome is unlikely to happen without improved access to information, writes Professor Michael Pettis of Tsinghua University.
Macau given link role China and seven Portuguesespeaking countries have signed a trade co-operation pact in Macau, establishing the former Portuguese territory as a link between the two sides. The group, which comprises China, Brazil, Portugal, Angola, Cape Verde, Guinea Bissau, Mozambique and East Timor, set up a permanent secretariat in Macau for follow-up activities […]
William Ding Lei's fortune of US$900m made him China's richest man in a survey conducted by Asiamoney. The 32-year-old owns 52 per cent of software firm Netease.com, whose share price has risen from US$5 a year ago to a value of US$55 at the time when the list was compiled. The share price has risen […]