China Economic ReviewChina's industrial output rose by 8.8 per cent year-on-year in October 2001, significantly lower than the 10.5 per cent reported for September. The year-on-year rise over the first 10 months of the year was 10.2 per cent, having been boosted by stronger expansion in the first half of the year. Output of state firms was […]
Toshiba Corporation said it plans to set up a factory in Nanjing, Jiangsu province, to make mobile handsets from as early as January. The Japanese group had formed a global partnership with Siemens to make third-generation phones, but the delayed roll-out of 3G services persuaded Toshiba to go it alone with current-generation CDMA handsets. Earlier […]
Huarong Asset Management has sold a batch of distressed assets of state-owned enterprises to a consortium of foreign companies headed by Morgan Stanley. They paid about 9 per cent of the book value of the US$1.31bn sold. According to the Financial Times, the consortium hopes to recover 20-25 per cent on the US$120m it has […]
The abolition of a 1995 rule prohibiting foreign firms from buying state and legal person shares in listed companies is unlikely to produce a rush of purchases of state-owned enterprises, according to analysts quoted by South China Morning Post. Purchases of stakes held by government institutions and government-controlled enterprises are still subject to restrictions that […]
Shanghai has issued new regulations designed to encourage more multinationals to set up their regional headquarters operations in the city. The setting up of a headquarters operation is one of the most important decisions facing multinational corporations (MNCs) wanting to develop their activities in China. The Ministry of Foreign Trade and Economic Co-operation issued the […]