China Life Insurance, the country's largest insurance firm, has applied to change itself from a wholly state-owned enterprise into a shareholding company, with the aim of seeking a listing, South China Morning Post said. The company has appointed international auditing firm PricewaterhouseCoopers to assess assets and undertake other work. Company president Wang Xiangzhang also said […]
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Chalco to build new smelter
Aluminium Corp of China (Chalco) plans to add a smelter to its alumina production unit in Shanxi province, Bloomberg reported. The smelter, with an associated coal-fired power station, would have an annual production capacity of 280,000 tonnes. Chalco is China's only producer of alumina, which is smelted to make the finished metal. Chalco's parent China […]
A package of amendments to the law governing relations with the mainland was submitted to the Taiwan legislature in August. The proposed changes include lifting the ban on advertising mainland products in Taiwan and allowing business visits by mainland Chinese employed by multinational corporations. Announcing the package, Tsai Ing-wen, chairwoman of the Mainland Affairs Council, […]
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Upturn in outdoor spending
Expenditure on outdoor advertising in the first half of 2002 grew at a real rate of 14 per cent year-on-year, according to a study conducted by MediaNation subsidiary i- Result Outdoor Services. The fastest growing categories were real estate, services and leisure and entertainment, while the telecoms, foodstuffs and appliance sectors recorded falls of 8-15 […]
Shandong Airlines has formed a joint venture with Sichuan Airlines and three other partners, including China Southern and Shanghai Airlines, Reuters reported. The new venture, called Sichuan Airlines Corp, takes over the 13 aircraft and 50 routes operated by Sichuan Airlines. Analysts said that its formation strengthened co-operation between the partner airlines and could lead […]