China Economic ReviewChina's foreign exchange reserves at the end of June totalled US$242.76bn, reflecting a year-on-year growth rate of 34 per cent, said central bank governor Dai Xianglong. The average monthly growth rate of US$5.1bn over the first six months of the year was just over twice as large as the US$2.54bn achieved in the same period […]
Bayer (China) Ltd has signed an education co-operation agreement with Shanghai Petrochemical Academy, a provider of vocational and technical education. The German based company will allocate m1m to establish a modern laboratory, a pilot plant and a pipe assembly shop in a new building located on the school's campus in Jinshan town, south of Shanghai. […]
Almost a month after the authorities closed all internet cafes in China for safety checks following a fire at a cafe in Beijing that killed 25 people, 30 of the capital's 2,400 internet cafes reopened for business in July. Their owners issued a public statement saying that they would comply with the regulations on internet […]
Sohu.com, one of China's three overseaslisted internet portals, improved its secondquarter results sharply on the back of its World Cup promotions, said the Financial Times. Revenues of US$6.13m were up 35 per cent on the first quarter, and 113 per cent year-on-year, giving it its first quarter of positive earnings. Increased advertising was one reason […]
Microsoft Corp said that it would invest US$750m in China over the next three years as part of a software development deal with the Chinese government. Under a memorandum of understanding signed in Beijing by Microsoft chairman Bill Gates and State Development Planning Commission minister Zeng Peiyuan, Microsoft will invest the money in education, research […]