China Economic ReviewMoody's Investor Service on Thursday raised China's foreign currency debt rating from A3 to A2, giving the country a welcome boost ahead of its first international bond issue in two years The agency raised its rating for Hong Kong's foreign currency debt from A3 to A1, saying the SAR's economy was closely linked to China's, […]
Robust demand from China has helped push Intel's third-quarter Asia-Pacific sales past the US$3 billion mark for the first time. Intel announced that total third-quarter revenue from the region was up 31 percent from the same quarter a year earlier thanks to a rise in manufacturing across the region and especially in China. Chip sales […]
The first phase of construction was completed yesterday on a RMB 1.7 billion natural gas project delivering gas from the East China Sea to Shanghai. The project increased the city's gas supply by 50 percent with new deliveries coming from the Pinghu oil and gas field. Several Chinese and global companies have jointly embarked on […]
Foreign direct investment (FDI) in China dropped for the fourth consecutive month in September according to the Ministry of Commerce. Last month FDI reached just US$3.56 billion, down 30 percent year on year. Chinese officials blamed the aftermath of SARS for the decline and said they were very optimistic considering contractual FDI in September rose […]
At a news conference after the return of China's first man in space, "taikonaut" Yang Liwei, a spokesman for the Chinese space program announced that China would launch another "Shenzhou" manned space flight "in one to two years time". Lieutenant Colonel Yang, 38, was in space for 21 hours, covering 600,000 kilometers in Shenzhou V. […]