China Economic ReviewThe China auto-financing arm of Volkswagen AG says it plans to add more than a dozen dealers in the Beijing area to its network in the coming weeks, raising the finance unit's coverage to 75% to 80% of Volkswagen sales in the region, the Wall Street Journal reported, citing the unit's general manager. In a […]
A gas explosion at the Xishui Coal Mine in Shuozhou in Shanxi province killed at least 60 miners Saturday, with 9 others still missing, state media reported. The blast buried 41 miners and caused a neighboring mine to collapse, killing 19 miners. Police detained Xishui mine operators for violating an order to cease production due […]
North Korea and Taiwan were the major subjects of talks between Chinese leaders and Condoleezza Rice in her first visit to China since becoming US Secretary of State. In meetings with President Hu Jintao, Rice said she hoped that China would take steps to ease what she described as new tensions arising from the recently […]
China could soon have access to the world's biggest uranium reserves if Australian and Chinese negotiators successfully reach a nuclear-trade agreement that allows companies like Rio Tinto PLC and WMC Resources Ltd to export uranium to the energy-starved country. The Wall Street Journal reported that a deal could be reached within the next 12 months […]
Some of the foreign funds flowing into China in the guise of money for trade or direct investment are actually being used to purchase financial assets and property, state media reported, citing Guo Shuqing, the country's foreign exchange chief. Guo says the "excessive speculation" in the property market and the "indiscriminate export support and foreign […]