Ssangyong Approved for Bankruptcy Protection
Korean's fifth largest automaker has been approved for bankruptcy protection for six months as it tries to get back into the green.
News PM February 6
CCB Offers 5 Bln Credit Line to Land Reserve Center, Power Consumption Slows in Eastern China, Shanghai-Hangzhou High-Speed Railway to Start Construction
Loan Syndication: To Be or Not To Be
Bankers as well as borrowers are grappling with the implications of a government push to cut risks through loan syndication.
Lights, Camera, Action: New York's Horror
'For sale' signs in New York's affluent suburbs are starting to appear as the rich awake to an economic crisis that's not a movie.
News AM February 6
China's Power Demand to Rebound in 2nd Half, Chinese Automakers to Bid for Volvo, Intel Adjusts China Strategy, ICBC Extended 117 Bln Loans in January
Analysis: Can 65-year-old Liu Save Lenovo?
The company is bracing itself for more challenges in next few quarters, and Liu must show the world that he is not Jerry Yang, co-founder of Yahoo who launched an unsuccessful comeback.
Economic Shift Rouses Defunct Steel City
To cool the economy four years ago, the government closed private Tieben Steel and detained its founder. Times have changed.
News PM February 5
Shanghai Eyes International Talents, CBRC Names New Head for Asset Management Company, Shareholders Approves PCCW Buyout Plan, Sany Group to Issue 1.8 Bln Notes
Strategic Oil Reserves Starts Operation
With international oil prices down, China has announced plans to build eight new oil reserves.
Shanghai Officials Granted Housing Subsidies
Shanghai officials were granted housing subsidies in the midst of a real estate market downturn. The government denies that it distributed such subsidies.
Lenovo Rearranges Management
With heavy losses in 2008, China's largest PC maker announced that it will have a new CEO and president.
News AM February 5
China Released Textile Stimulus Plan, China to Boost Equipment Manufacturing, Zhongjin Wins Approval to Buy Majority Stake in Australian Miner, Shanghai Airlines Shares Suspended
Pearl River Delta: Skyrocketing Growth Halts
The Pearl River Delta, a former poster child of China's economic miracle, is facing a hard time in 2009.
China's Bond Market: A Glass Half Full
Investors are paying more attention to China's bond market, which is poised for growth thanks to new policies and the financial crisis.
Power: Stymied Coal Talks Point to Power Reform
China's power sector, after riding a reform roller coaster for years, faces new challenges as coal talks stall over price controls.
News PM February 4
Equity Incentive Program To Be Suspended, Growth Market Guidelines Under Review, China Eastern Says it Will Reduce Losses, Western Mining Drops Plan to Buy Parent's Assets
Lending Topped 1 Trillion Yuan in January
Banks started cranking open the loan spigot in late 2008, although experts say the enthusiastic credit pace won't last for long.
Real Estate Industry: Moving to the Basement
Property developers saddled with overdue loans, angry customers and unfinished buildings hope to survive 2009. But many won't.
News AM February 4
China, Russia to End Oil Loan Talks by March, China to Close Xiaolingtong Service in 3 Years, China Produced Record Amount of Gold in 2008, SSE Tightens Scrutiny of Shareholders
Sanlu Former Chairman Tian Wenhua Appeal
Tian said in her appeal that a director from Fonterra provided a European standard with a safe level of melamine.
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