China Economic ReviewOn hopes that its high dividend payouts, prospective fleet expansion and financial strength would attract investors, COSCO, China's biggest shipping group, is expected to begin marketing its Hong Kong IPO today, despite weak equities markets and investor concerns over a slowdown in the shipping industry, the Financial Times reported. Three Asian investors, Li Kashing, of […]
One of the first major players to export China-made vehicles, the Honda Motor Co said it would begin to export its Fit compact cars from a new plant in Guangzhou province to Europe before July, according to BusinessWeek. In other news, General Motors Corp, which said it would cut at least 25,000 US manufacturing jobs […]
In an attempt to fix the transport bottlenecks in China's second fastest growing province, the Shandong State Assets Regulatory and Management Committee opened 6 projects to foreign investment, making Shandong the first province to allow foreign investors to fund railway construction and claim local rail property rights, state media reported. The joint program between Shandong […]
China is preparing to regulate the developing organ transplant market, prohibiting trade in human organs, ensuring the patient's voluntary participation in the operation, and emphasizing the non-commercialization of the market, state media reported. Only medical institutions with certain technological capabilities and trained staff will be allowed to perform the transplants. Township clinics will be prohibited […]
China Construction Bank received a US$1.87 bn tax break from the central government last year to help boost its capital base, the South China Morning Post reported Monday. In preparation for a stock listing sometime this year, the bank has been using part of its profits to pay off bad loans. Other big Chinese banks […]