China Economic ReviewThe South China Morning Post said Hu Xiaolian, an assistant governor of the People's Bank of China and a deputy director of the State Administration of Foreign Exchange, was on the verge of being appointed director of SAFE, succeeding Guo Shuqing, the just-confirmed chairman of China Construction Bank (CCB) now embroiled in a scandal over […]
ST Diamond, China's first listed jewelry company, was delisted for failing to provide a company report for the second half of 2004, marking the first time that a company has been pulled from the market for breaching compliance rules. The once high-flying company was investigated in 2004 for misrepresenting its financials.
Taiwan's pro-unification Kuomintang opposition party urged the Mainland to open dialogue on mutual cross-strait concerns as KMT stalwarts prepared for their first official visit to the mainland since 1949. The delegation will visit tombs of party members in Nanjing and Guanzhou to mark the 80th anniversary of the death KMT founder Sun Yatsen. The trip […]
China's energy consumption exacerbated by coal shipment delays on its overtaxed railways will continue to drive up global crude and natural gas prices and put China in competition with Western countries for Middle East oil, the WSJ quoted energy experts as saying. Heavy industries are resorting to diesel-backed generators as coal shipments to power plants […]
European steel giant Arcelor SA is reportedly seeking stakes in the mid-sized, state-owned Qingdao Iron and Steel Group Co, as the Netherlands-based Mittal Steel Co. is poised to displace the Arcelor as the world's largest steelmaker after announcing its US$4.5bn acquisition of the US-based International Steel Group. Arcelor has confirmed it wants to expand its […]