China Economic ReviewSaying they believe Lenovo can achieve substantial savings and benefits from IBM's PC operations, three US private-equity firms are investing a total of US$350m in China's largest PC maker. The investment firms — Texas Pacific Group, General Atlantic LLC and the Newbridge Capital LLC affiliate of Texas Pacific and Blum Capital Partners — will receive […]
China's central bank said the country's economic growth will likely slow to 8.9% in 2005, state media reported. The forecast agrees with that by another top research body suggesting the economy was responding to Beijing's macroeconomic controls. China's consumer inflation will likely register 3% through the first quarter, rising slightly in the second and third […]
Jia Qinglin, the Communist Party's fourth-ranked leader, met with Vice Chairman Chiang Pin-kung of Taiwan's opposition Kuomintang party in the first official dialogue between the two parties since China's civil war split the country in 1949. While the Taiwanese government denounced the visit, analysts say the visit is largely symbolic and marks Beijing's attempt to […]
China's passenger car sales plunged 78.4% in the first two months of this year from the same period a year ago due to rising production and raw materials costs and an average 12% decline in selling prices, state media reported, citing the Shanghai Daily. In other auto news, General Motors Corp named its top UK […]
Baotou Aluminum Co, China's fourth-largest aluminum smelter, plans to list in Shanghai in an IPO worth up to RMB700m (US$84.6m) to fund its development of high margin products, state media reported. The 140m yuan-denominated A shares would be open to select foreign investors between April 12 and 22, state media reported citing company filings published […]