China Economic ReviewZimbabwean President Robert Mugabe has started a week-long visit to China to discuss possible financial aid and is expected to ask for food and oil to help alleviate the nation's economic crisis, state media reported. Mugabe blames the crisis on Western sanctions imposed after the government began seizing white-owned farms several years ago. Zimbabwe government […]
Honda Motor, Japan's third-largest auto maker, announced Monday that it will begin sales in China of the Acura, a luxury sedan developed in the US, state media reported. It will be the first time the Acura has been sold outside the US. The first model to be sold in China will be a 3.5-liter RL […]
After its expected IPO, the Industrial and Commercial Bank of China (ICBC) will have a 15% capital adequacy ratio, state media reported, quoting the President of China's biggest commercial lender on Saturday. ICBC received a US$15bn cash injection from the government in April to improve its financial situation and help resolve problems caused by bad […]
China's revaluation of the yuan may mean that consumption and import of raw materials, like copper, soybeans and steel, will increase, state media reported, noting dollar-priced commodities will be cheaper to import. China is the world's biggest consumer of steel, soybeans and copper. Sinopec and Jiangxi Copper are among the companies that will reap the […]
China, which recently resolved a textile dispute with the European Union, may face new frictions because it has nearly filled the quotas on a number of garment categories the Wall Street Journal reported. It said European retailers and manufacturers are worried that shipments may not be delivered and their stores will be empty. In June, […]