China Economic ReviewSun Microsystems will pay US$291,000 to settle with the US Commerce Department over the sale of high-powered servers to China and Egypt. The China sale, which took place in 1997, involved a 14-processor E5000 server. The server was shipped to Automated Systems in Hong Kong, but US investigators found it at the Changsha Institute of […]
China has initiated an anti-dumping investigation into imports of hydrazine hydrate, a chemical used in water treatment, the Chinese Ministry of Commerce announced. The investigation covers imported hydrazine hydrate originating from Japan, South Korea, the US and France. The investigation will be finished within one year, and could be extended six more months in special […]
The Asian Development Bank (ADB) approved a loan of US$500 million for China's east-west railway project, which includes 377km of electrified single-track railway between Yichang in Hubei Province and Wanzhou in Chongqing Municipality. Some 24 new stations will be opened along the route and two existing ones expanded. The railway will provide the fastest land […]
China Huaneng, one of the nation's five largest electricity generating firms, agreed to pay US$227 million for a 50% share of OzGen, an Australian subsidiary of Boston-based InterGen. OzGen holds 50% stakes in two modern power plants in Queensland, Australia. The deal is the first instance of Chinese companies acquiring major overseas assets in the […]
China and Russia pledged to step up military ties during a weeklong visit to Russia by China's Defense Minister General Cao Gangchuan. The visit was aimed at strengthening military co-operation and in particular Chinese arms procurement from Russia. Cao's schedule included visits to military plants in St Petersburg and Nizhny Novgorod, which supply submarines to […]