The Harbin Brewery Group announced that the Harbin municipal government sold its 29.07% stake of the company for HK$947.4 million (US$121.5 million) to an investment group. The Harbin government sold the shares at a 19% discount on the market share price to Global Conduit Holdings. China consumes approximately 250 million hectoliters of beer annually and […]
Category:
Brazil's Foreign Minister Celso Amorim promoted investment in Brazil infrastructure projects as a means to boost Brazil-China trade with Beijing officials over a three-day visit to the capital. During the visit, Amorim met with top planning official Ma Kai, Foreign Minister Li Zhaoxing and Premier Wen Jiabao. Amorim said that China investments in Brazilian roads, […]
A joint study group of representatives from the Chinese and Indian governments convened in Beijing to discuss the path of development of bilateral trade and economic relations between the two Asian countries. The group was first proposed by Indian Prime Minister Atal Bihari Vajpayee during his visit to China in June 2003. The group will […]
A Defense Ministry spokesman said he had not heard of China's military receiving orders to change its level of alert, according to a Reuters report. The spokesman's comment came in response to a question about a South China Morning Post report that said China's military near Taiwan had been placed on combat alert and were […]
The US may impose so-called "safeguard quotas" on Chinese socks hosiery and gloves in 2004, according to a South China Morning Post report. The report said that deputy assistant secretary for the US Department of Commerce James Leonard said that few such quotas were likely to be introduced this year, but that there was a […]