China Economic ReviewChina's electronics industry is preparing to comply with two European Union environmental directives that: 1) restricts the use of hazardous materials in electronics; and 2) requires manufacturers to recycle used electronics and parts, state media reported. The mandates take effect July and August 2006 and their implementation is expected to cost Chinese electronics manufacturers US$10bn. […]
Rebuffing Japan's demand for an apology following a third weekend of anti-Japanese protests, China instead told Japan to take "concrete actions" to face up to its wartime aggression. China's demand came as Foreign Minister Machimura Nobutaka visiting on a mission to repair ties between the two countries, which are at their lowest in decades. While […]
In a message targeted at Beijing, the Group of Seven industrial powers over its weekend meeting called for countries with fixed currencies to relax their currency regimes. China, which is not a G7 member, had been invited to this and earlier G7 meetings, but had declined to attend.
Chinese President Hu Jintao called for faster economic restructuring, particularly in the banking sector, during a meeting of Communist Party Politburo Standing Committee members called to discuss the direction of key state sectors, state media reported. Hu's position lends support to those arguing for state banks to seek overseas IPOs quickly as a means to […]
In the wake of its declining Chinese market share, which has fallen to 11% from 50% four years ago, Volkswagen appointed the vice-chair of VW's Skoda unit, Winfried Vahland, to replace Folker Weissgerber, the board member responsible for China, and the retiring head of China operations, Bernd Leissner, the Financial Times reported. Last month, an […]