News AM March 26
PetroChina 2008 Net Profit Fell 22%, Lenovo Announces Internal Overhaul, SASAC Plans to Set Up Bad Asset Manager, Seven Government Employees Sue Government
PetroChina 2008 Net Falls 22 Percent
Petrochina posted a 22 percent decline of net profit last year, its first drop in annual earnings since 2001.
A Road Map for Yuan Internationalization
From practical and monetary policy perspectives, rising use of the Chinese currency for international trade makes sense.
Central Bank Chief Urges Global Currency
Zhou Xiaochuan's plan for a new reserve currency reflects China's concern over its huge stake in U.S. Treasury bonds.
News PM March 25
Yuan Depreciates Against Dollar Wednesday, China Stocks Lost Ground, Japanese Automaker China Sales Rise, Largest Bribe in Capital Airport Case Uncovered
Bank of China Q4 Net Down 59 Percent
Bank of China posted a 59 percent slump in fourth quarter net profit as overseas investments were affected by the global financial turmoil.
China Raises Gasoline, Diesel Prices
China raised domestic gasoline and diesel prices starting from March 25, in response to rising international oil prices.
News AM March 25
China Raises Gasoline Prices, China Telecom 2008 Net Down, SASAC Warns of Derivatives Trading Risks, Harbin Courts Try Two Policemen for Assault
Untangling the Hedging Morass at SOEs
Where to draw the line between hedging and speculation? That's a key question now facing China's state-owned enterprises.
Property Market Getting Warmer, Analysts Say
New home purchases are on the rise and analysts are optimistic about China's property market.
Test Time for Chinese Overseas Acquisitions
Chinalco's latest bid for Rio Tinto is one of three Chinese plans for mining investments facing skeptics and regulators in Australia.
News PM March 24
Credit Cards Grow 73 Percent in Shanghai, Focus Media Reported Loss in 2008, Air China Issues 3 Billion Yuan of Debt
Shanghai Aims to Become International Finance and Shipping Center
The State Council is expected to approve Shanghai's proposal to turn itself into global economic hub.
Warming Up to China's Economic Stimulus
Beijing's faith in 8 percent GDP growth for 2009 is grounded in a 4 trillion yuan stimulus package now starting to gel.
Xinjiang First to Tap Local Govt Bond Program
Xinjiang plans to auction 3 billion worth of municipal bonds March 27, the first issue under the local government bond program.
China to Keep Investing In U.S. Treasurys
The deputy governor of China's central bank said that the country will continue to invest in U.S. government bonds but will remain cautious.
News AM March 24
China to Launch Steel Futures, Review of Minmetals Deal Delayed, Oil, Gas Production Continues to Drop, Yilin Leader Gets 15 Yrs in Jail, Fined 300 Mln
CBRC Chairman Discusses Financing for Small Enterprise
Liu Mingkang revealed several measures that the China Banking Regulatory Commission is implementing to help small enterprises secure loans.
China Mobile Says Door Remains Open to Apple Over iPhone
Wang Jianzhou said that China Mobile Ltd. has not made any progress in talks with Apple Inc. to sell the iPhone.
News PM March 23
Zijin Mining 2008 Net Up 20% on Higher Gold Prices, Caterpillar Expands in China, Shanghai Takes Aims at Marine Finance, State Council Appoints New Government Officials
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