Aluminum Corp of China (Chinalco) spent US$14.5 billion (with US steelmaker Alcoa chipping in US$1 billion) on a stake in Rio Tinto in February. It was thought that owning 12% of Rio Tinto’s London-listed equity would be enough to ward off advances from BHP Billiton. A BHP-Rio merger was not something China wanted to see. […]
Category: This Week in China
Those pink residence slips foreigners are required to get at their local police station must be renewed by November 30 – regardless of whether you’ve been out of the country. These are important if you want to apply for/renew a visa. China Briefing has more.
In the course of reporting our upcoming cover story on the export sector (readers across the globe wait with bated breath) China Economic Review had the opportunity to speak to a range of people working in manufacturing or sourcing. The tales were grim. Dongguan is apparently a somber place at the moment. We heard of […]
This week proved once again (as if more evidence were required) that the A-share market is little more than the twitchy knee and lower leg that jerks sharply upward when hit by the mallet of policy announcements.* Thanks to the big fiscal spending package China announced over the weekend, the market has been swinging north […]
A shorter post today. It’s been another week of sound and fury, signifying nothing – or very little, anyway. After ending last week at 1,728.78 points, the SCI closed today at 1,747.71 a modest weekly gain that obscures a sharp rise on Wednesday followed by an almost-as-sharp fall on Thursday. Happily, the Fund once again […]
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