Deutsche Bank will lead a consortium to take a 14% stake in Huaxia Bank for US$329 million, which represents a 9% premium to Huaxia's public shares at close of trade on Friday, Reuters reported. Deutsche Bank will control a 9.9% stake, making it the second largest shareholder, with German private bank Sal Oppenheim taking 4.1%, […]
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Bush to visit China
US President George Bush will visit China following the APEC summit in South Korea on November 18-19 at Hu Jintao's invitation, it has been announced. The President, who will also visit Japan as part of his trip, is likely to take part in discussions with Chinese officials on topics including North Korea's nuclear weapons programs […]
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Dissident denounces Yahoo
A leading Chinese advocate of internet freedoms has accused US portal Yahoo of betraying its customers and supporting dictatorship by providing information on journalist Shi Tao to Chinese authorities. Shi subsequently received a 10-year jail sentence in April for "leaking state secrets", having apparently revealed details of a media crackdown by party propaganda officials. Veteran […]
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Sony to rely on China
China's fast expanding market for both entertainment and electronics will be Sony's main source of growth in years to come despite political tensions between China and Japan, the company's chief executive Howard Stringer has said. Speaking at a news conference on Sony's China strategy, Stringer pointed out the room for growth in the country given […]
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Spacewalk in 2007
China hopes to conduct a spacewalk in 2007 and might recruit women into its next group of astronaut candidates, said Tang Xianming, director of the China Space Engineering Office. He made the comments at a news conference following the successful completion of the Shenzhou 6 space mission, which also signaled the completion of stage one […]