China Economic ReviewA banking delegation led by People's Bank of China governor Zhou Xiaochuan attended meetings of the Inter-American Development Bank (IDB) in Lima, Peru, lobbying to join and acquire a share in the bank. Washington, DC-based IDB plans to enlist two new shareholders. China joined the bank as an observer in 1991 and has expressed interest […]
Changyu Wine announced it plans to transfer 30-40% of its state-owned shares to overseas investors to spur its domestic and international brand development. The Yantai, Shandong province-based winemaker is listed on Hong Kong and Shanghai exchanges and began state-owned share transfers to overseas investors in 2003. The company is currently 53.8% state-owned. Changyu officials said […]
Crocodile International (CI) announced it will relocate its corporate headquarters to Shanghai after winning a copyright case against France-based competitor Lacoste in March. Officials at the Singapore-based clothing manufacturer said the firm will invest more than RMB 100 million (US$12m) to construct a Crocodile facility in Shanghai. Officials added that CI also plans to invest […]
Shanghai is considering implementing a power pricing scheme that would charge more for power consumed during peak hours during the summer with the goal of avoiding the power shortages experienced during the summer of 2003, according to Shanghai media reports citing local officials. Shanghai's government anticipates power deficits of as much as 2,000 MW during […]
China announced that it will engage in discussions regarding human rights issues with the UK, Germany and Australia, in the wake of its withdrawal from its human rights dialogue with the US. Foreign Ministry spokesman Kong Quan said separate talks will be held with the UK and Germany in May and with Australia in July. […]