China Economic ReviewThe leader of Taiwan's opposition KMT party, Lien Chan, is scheduled to arrive in the Mainland April 26 for the first top-level meeting between Nationalist and Communist party leaders since the end of the civil war in 1949, state media reported, citing unnamed officials. Taiwan's ruling party has condemned the trip, which Lien has justified […]
China and Brunei signed co-operative agreements in technology, public health, energy, tourism, among other areas, as Hu Jintao made his first state visit to the Islamic country since becoming China's president. Hu is on a three-nation Southeast Asian tour with other stops in Indonesia and the Philippines. He told Brunei Sultan Haji Hassanal Bolkiah that […]
China's National Bureau of Statistics reported China's first quarter foreign direct investment rose 9.5% year on year, to US$13.4bn, versus 7.49% growth a year ago, fueling Beijing's concerns that capital inflows and speculation could overheat the economy, despite its measures to counteract those effects.
Shanghai branches of foreign banks collectively posted RMB1.07bn (US$129.2m) in first-quarter profits, a 46.8% year-on-year rise — accounting for more than 10% of their China profits, state media reported, citing the Shanghai Bureau of the China Banking Regulatory Commission. The total assets of foreign banks operating in Shanghai reached RMB342.3bn (US$41.34bn), up 38.4% year-on-year, compared […]
Ford Motor Co and Mazda Corp announced they have partnered with Chongqing-based Chang'an Automotive to launch a car manufacturing joint venture in Nanjing in Jiangsu Province. The JV, Chang'an Ford Automobile Corp Ltd Nanjing Company, aims for an annual production capacity of 160,000 cars by 2007. Another component of the JV, an engine plant called […]