Japan said China started production of either oil or gas at a gas field near the two countries' disputed border in the East China Sea, Reuters reported, citing Japanese Trade Minister Shoichi Nakagawa. Japan is holding internal discussions over how to respond. China has defended its activities by saying that all exploration has taken place […]
Category:
News Corp chief Rupert Murdoch said at a conference in New York that his company has "hit a brick wall",, cable in China, accusing Beijing of being "paranoid about what gets through", according to published media reports. Murdoch said Beijing was no longer opening up China's vast market to international media companies since its recent […]
Categories
Starbucks announces China education fund
Starbucks announced a US$5 million fund to underwrite education in China, part of an effort to raise its profile in a market the company hopes will be its second largest after the US, the AP reported. Chairman Howard Schultz said the fund reflected the Starbucks philosophy of making money while engaging in socially responsible projects […]
The China Securities Regulatory Commission is in the process of selecting 10 domestic brokerages to trade in asset-backed securities, Reuters reported, citing the official China Securities Journal. These securities, which contain stable cash flows are backed by the payment streams from loans or receivables, now trade on the Shanghai Stock Exchange and are a new […]
America's largest chemical company, Dow Chemical, said it expects double-digit sales growth in China in the next few years, and said that its China unit is likely to merge with other chemical companies in China, reported the trade portal chempoint.com, citing Dow Chemical president and chief executive Andrew Liveris. Currently Dow's third-largest market after the […]