China Economic ReviewPeople's Bank of China Governor Zhou Xiaochuan said the central bank would intensify research to make better use of monetary and fiscal tools to enhance regulation of the financial sector. Speaking at the semiannual meeting of PBOC branch heads, he said branches should improve the management of foreign exchange to ensure the RMB exchange rate […]
Despite recent moves to cool the economy, foreign investment in 2004 may exceed 2003's US$53.5 billion, the China Daily quoted Vice Minister of Commerce Ma Xiuhong as saying. Ma said that because of China's improved FDI structure, more foreign investment was going into the service sector, high tech and R&D. She also said the growth […]
The Asian Development Bank (ADB) published a report saying that China needs at least 10 years to create a true market economy. An economist at the Philippines-based bank listed 10 questions which China must ask itself before it can say it has a market economy. He said that China must �take politics out of regulation�, […]
A Wenzhou-based consortium of nine private firms will seek regulatory approval to form a bank, according to a South China Morning Post report. The Sinorich Consortium has strategic partnerships with China Construction Bank, Agricultural Bank of China and the Shenzhen Development Bank. Consortium officials said that the proposed bank would have a registered capital of […]
Intel plans to sell used semiconductor production equipment to Nanotech Corp in a deal which also includes transfer of 0.35 and 0.25-micron technology to the mainland-based chip firm, according to a South China Morning Post report. Intel officials said that the firm has not sold used equipment to mainland firms before. Nanotech will construct a […]