Cosco Lost Big on Forward Contracts
[2008-11-04]
China’s largest shipping company lost 430 million yuan on options bets it made on the price of freight routes.
Overhaul for Debt-Laden Agricultural Bank
[2008-11-03]
ABC’s restructuring will follow a path cut by other state banks. But with 818 billion yuan in NPLs, the journey may be longer.
Industry & Companies Oct. 27 to 31
[2008-11-01]
Industry & Companies Oct. 27 to 31: Vanke Slowed Down Housing Construction, Power Industry Braces for Heavy Losses, Chalco’s Profit Plunges, Sanyuan Wants to Acquire Sanlu and more
Minmetals Signs Deal with Russia's Mechel
[2008-10-29]
Minmetals secures an agreement to expand its operations in Russia during the Third Russian-Chinese Economic Forum.
Adidas May Slow China Production Growth
[2008-10-29]
As the costs of manufacturing and materials rise, apparel companies like Adidas are increasingly seeing China as a consumer market rather than producer.
China Lifting Some Textile Export Quotas
[2008-10-28]
Quotas that limited textile exports to the United States and Europe under a WTO agreement will be removed in January.
Chinalco Squeezed by Falling Aluminum Price
[2008-10-27]
Chinalco posted a 93 percent drop in profits for the third quarter of 2008. Rising costs and a low aluminum prices are blamed.
Industry & Companies Oct. 20 to 24
[2008-10-24]
Finance & Economy Oct. 20 to 24: Beijing housing, toy manufacture's panic, SOHO chairman pessimistic on real estate, aluminium reserve, Australian dollar, venture capital market, Hunan TV, Bank's results
Faltering Exports Expose B2B's Soft Side
[2008-10-24]
A warning about export weakness hurting B2B leader Alibaba was prescient. Now, can China's e-commerce sector turn domestic?
Huaneng Posts Huge Third Quarter Loss
[2008-10-23]
Another Chinese power producer has released disastrous third-quarter results, with losses of 2.16 billion yuan.
Panic, Shutdowns Spread in Toy Industry
[2008-10-23]
The collapse of industry leader Smart Union was the latest sign that an export slowdown is crippling Chinese toymakers.
Textile Firms Getting Government Bailouts
[2008-10-22]
Heavily indebted companies in one of China’s major textile manufacturing regions are slated for rescue, at any cost.
Foreign Firms Shiver in Real Estate Chill
[2008-10-22]
China's real estate market has caught a cold, forcing foreign investors to revise their strategies to stay in the game.
PE Firm Hony Finds a Way to ‘Go Global’
[2008-10-21]
Behind the buyout of an Italian company by heavy equipment maker Zoomlion was a PE firm with a clear strategy.
Chinese Steel Makers Resist Ore Price Rise
[2008-10-20]
Representatives from China's major steel plants said they will resist a further increase in iron ore prices for next year.
Nuclear Power Expands to China’s Interior
[2008-10-17]
Now that a technology standard has been chosen, China is ready to launch nuclear power plant projects for its inland provinces.
MCC Moves toward an IPO
[2008-10-16]
MCC has settled on the management of its holding company. Now all that’s left is to get their finances in order.
Only Hard Choices for Oil Price Reform
[2008-10-15]
Calls for reforming China’s price mechanism for oil, 50 percent of which is imported, are getting louder as global prices swing.
China Netcom Withdraws Listing
[2008-10-15]
China Netcom pulled its listings October 15 in Hong Kong and the NYSE in preparation for a merger with China Unicom.
Chinese Investors Cautiously Interested in AIA Sale
[2008-10-13]
The struggling American insurer AIG announced plans to sell assets in its Asian subsidiary, drawing the attention of some of China’s biggest players.
Ferro China Facing Bankruptcy
[2008-10-13]
Ferro China announced October 8 that it is unable to repay what could be as much as 5.2 billion yuan in depts.
Monster Buys Remaining Shares of ChinaHR
[2008-10-10]
U.S. recruitment giant Monster Worldwide just completed a deal giving it total control of the online hiring firm ChinaHR.
Iron Ore Pricing Talks Reach a Crossroads
[2008-10-09]
Conditions may be ripe for overhauling a price mechanism that China’s steelmakers favor and big ore suppliers want to change.
Subsidies of 300 Mil Yuan for Dairy Farmers
[2008-10-09]
The central plans to pour 300 million yuan into China’s staggered dairy industry in hopes of staving off collapse.
Blackstone Purchases Share in Bluestar
[2008-10-08]
Blackstone purchases 20 percent of Chinese chemical manufacturer Bluestar, giving the U.S. firm its first major toe hold in the Chinese market.
Melamine Found in Multinational Products
[2008-10-07]
The chemical that sickened Chinese babies has been found in famous-brand chocolates and other dairy products overseas.
CIC Appoints New Supervisory Chief
[2008-09-28]
Jing Liqun has been appointed as the new supervisory chief of CIC, the state-controlled fund that focuses on overseas investment.
Berkshire Hathaway Invests in BYD
[2008-09-28]
A subsidiary of Warren Buffett's Berkshire Hathaway will buy 225 million shares of China's largest battery maker, BYD.
Sanyuan May Aquire Sanlu
[2008-09-27]
Beijing's Sanyuan may aquire the wayward Sanlu Group, say sources close to the dairy companies.
Yili, Mengniu Get Government Dairy Aid
[2008-09-26]
Inner Mongolia's government is the latest to draft a rescue package for China's dairy industry in the wake of a milk scandal.
Rude Wakeup for a Power Giant's Chairman
[2008-09-26]
Jinyuan, Guizhou Province's biggest power generator, is dumping an employee-stock system along with its blacklisted chief.
Scandal-Wracked Dairies Get Hebei Subsidy
[2008-09-25]
Farmers in a province hard hit by China's nationwide milk scandal will receive one-time payments to cover costs.
CNPC, Iraq Revive 1996 Oil Field Contract
[2008-09-25]
China's biggest oil company has signed a major service contract with the Iraqi government. But security questions remain.
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