China Economic ReviewBeijing Shougang Group, China's fourth largest steel maker, announced it will move all its polluting plants out of the city to surrounding provinces by 2010, Beijing Times reported. Xie Zhenhua, head of the State Environmental Protection Administration, said the relocation plans had been approved by the central government.
Shenzhen-based Huawei Technologies, China's biggest telecom equipment maker, denied a Financial Times report that it was trying to sell off parts of its business. Huawei told Shenzhen Daily the company said it had already completed a restructuring of its business and since its optical fiber and Internet access equipment businesses were profitable, there was no […]
Apple's iTunes music download network began its first foray into the Canto-Pop and Mando-Pop world with the addition of more than 1,000 tracks by leading Chinese artists to its online catalogue. The move follows a deal with Universal Music and involves artists such as Jacky Cheung, Kelly Chen, Hacken Lee and Alan Tam. The launch, […]
The European Tour announced that a fifth golf tournament, the TCL Classic, will be played in China in the 2005 season as part of a push to develop golf's profile on the Chinese mainland. The tournament is to be held at the Yalong Bay Golf Club on the southern island of Hainan March 17-20. European […]
Asian Development Bank chief Haruhiko Kuroda urged Beijing to adopt a more flexible currency exchange system. Japan's former vice minister of finance said removing the yuan's peg to the US dollar would be good for both China and its neighbors. He said the peg made sense in the early 1990s when it helped stabilize China's […]