China Economic ReviewChina’s exports to the US rose by 4.3 per cent year-on-year in the first 10 month of 2001 to US$45.18bn, People’s Daily said. However, growth was faster in the earlier part of the year and exports in October were only US$4.87bn, US$380m less than in September. The US was China’s largest foreign market in 2000, […]
China’s exports in October totalled US$22.79bn, 0.1 per cent higher than in the same month of 2000, Xinhua reported. Imports totalled US$18.9bn, a year-on-year decrease of 0.2 per cent, giving a trade surplus of US$3.89bn, 0.26 per cent higher than in October 2000. In the first 10 months of 2001, exports rose by 6.1 per […]
Two out of three state-owned firms posted inaccurate financial statements in 2000, said the Auditor General, Li Jinhua. A survey of 1,290 state-controlled firms found serious accounting problems at 68 per cent of them. Li said that some listed companies collaborated with brokerages to make up profits and manipulate share prices, and the problem was […]
The China Insurance Regulatory Commission has announced the timetable for lifting geographic restrictions on foreign insurance companies’ operations after China joins the World Trade Organisation. Foreign life and non-life firms will be allowed to provide services in Shanghai, Guangzhou, Dalian, Shenzhen and Foshan as soon as China joins and the number will be progressively enlarged […]
Swiss Reinsurance Group is awaiting regulatory approval to enter China’s reinsurance market, China Daily said. When approval is given, the group will set up a wholly owned branch in China, likely to be in Shanghai or Beijing. When approval has been given, the group will become the first foreign firm to offer reinsurance in China. […]