China Economic ReviewAs part of a bold plan to restructure state-owned enterprises (SOEs), two state-owned conglomerates could soon be merged, creating a company with assets of more than US$6.17bn, state media reported, citing a State Council official. The two SOEs are China Electronics Corp. and the China Great Wall Computer Group. Including Panda Electronics Group in the […]
Chinese analysts say Beijing's revaluation of the renminbi is unlikely to have a major negative impact on foreign direct investment, state media reported. A researcher with the University of International Business and Economics, Lu Jinyong, said there would be a limited negative effect on investment in areas concerned with exports, but he said the effect […]
The battle for Unocal isn't over and the board of the US oil company almost accepted an US$18.5bn offer from China's state-controlled rival, the China National Offshore Oil Co (CNOOC), the Financial Times reported, citing company and industry sources. The board decided to accept an increased offer from Chevron. The board mapped out what CNOOC […]
In a sign of its inability to stem the torrent of its textile exports, China has decided to scrap export duties on 17 types of textiles to Europe, state media reported, citing the Ministry of Finance. Beginning Aug 1, tariffs will be lifted on cotton shirts, knit dresses and wool pants to the European Union. […]
A bacteria that spreads among pigs is responsible for a mysterious illnesses that has claimed 19 lives in southwest China and left at least 60 others ill, state media reported, citing Chinese health authorities. They said the victims were suffering from streptococcus suis infections linked to the handling or slaughtering of infected pigs. The bacteria […]