China Economic ReviewThe government said that spending on fixed assets in November showed efforts to prevent the economy overheating were working. Expenditure on infrastructure such as roads and power plants was up 25.3% on a year earlier, extending an easing trend that began in the second half of 2003 after several months that showed annual growth above […]
China Blue Star Group, a state company which does not produce cars, said it had defeated major foreign manufacturers to buy 55.4% of Ssangyong Motor, South Korea's fourth-largest car company. Blue Star was established in 1984 as an industrial cleaning company but now owns factories making car parts and components and runs a chain of […]
Japan-based NEC bought out the shares of Beijing Huahong NEC IC Design Co held by Chinese partner Beijing Huahong Integrated Circuit Design Co, according to Japanese media. The acquisition makes the IC joint venture a wholly owned subsidiary. Beijing Huahong NEC was set up in 1998 as a 60:40 joint venture capitalized at US$20 million. […]
Shanghai received formal approval from the central government to set up a logistics center aimed at exporters in a bid to make the city's port more attractive. The logistics area, to be located in the Waigaoqiao Free Trade Zone, will offer special services for value-added tax (VAT) and container shipping and will cover 1.02 sq […]
Chinese direct investment to foreign countries, excluding investment in the field of finance, reached US$29.92 billion until the end of 2002, the Ministry of Commerce said In that year alone, the country's net direct investment to foreign countries totaled US$2.7 billion. It was the first time such figures had been issued. The figures also showed […]