China's central government is planning to issue treasury bonds (T-bond) worth RMB 110 billion (US$13.3 billion) in 2004, RMB 30 billion less than the amount in 2003. The T-bond plan will help shift the focus of government investment to economic restructuring as well as social programs like health and education, the National Development and Reform […]
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The Chinese government warned Chinese farmers to prepare for an upcoming EU ban on several pesticides. The 320 agricultural chemicals that the EU intends to ban from December 31, 2003 account for more than half of the total number of pesticides produced and used in China. Aside from the chemicals themselves being banned in Europe, […]
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Wal-Mart enters Shanghai
Wal-Mart, the world's largest retailer, is set to open three huge outlets in Shanghai in a JV with CITIC Trust & Invest. Starting from 1996, Wal-Mart has opened 31 stores in 15 cities around the nation, employing over 16,000 people, but it is yet to make a foray into eastern China. The company plans to […]
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SAIC plans new plant
Shanghai Automotive Industry Corp (SAIC), one of China's largest automakers, announced plans to build a new production plant in Shanghai's suburban Nanhui District. The plant will be able to produce some 300,000 vehicles every year, generating an annual output value of RMB 60 billion (US$7.2 billion) when it is completed. Total investment in the project […]
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Oil and gas survey launched
A nationwide project was launched to assess the potential capacity of China's oil and natural gas resources and establish a national database on them, the Ministry of Land and Resources announced. The ministry said the project would target more than 400 major sources of oil and natural resources and would provide a basis for determining […]