News PM April 27
China Merchants Bank 2008 Net Rises 38% ; Changhong 2008 Net Profit Falls 92%; Urban Per Capita Disposable Income Rises 11%; China, Switzerland to Consider Free Trade Pact
Broadcaster under Probe for Corruption
A Guangdong Television broadcaster is under investigation for an alleged connection to a widespread corruption web.
China on Alert for Swine Flu, No Cases So Far
Though China has yet to report a case of swine flu, the potential risk of the virus spreading to China is still difficult to assess.
Bulls, not Bears, May End in Tears
False hope built on government stimulus measures may feel good today, but it will only delay necessary reforms.
Central Bank Cannot Say If Economy Has Hit Bottom
Economic indicators such as revived housing and auto markets suggest the country's economy may be on the verge of recovery. However, fluctuations in raw material prices and a decline in upstream product prices provide contrary indications.
China Pacific Q1 Net Down on Writedowns
The insurer booked a 151 million yuan writedown on a decline in value of equity assets.
News AM April 27
Top Legislature Adopts Postal Law Amendment; China's Central Banker Proposes Sustainable Policies; No Swine Flu Cases Found in China, Says MOH
China Q1 Economist Confidence Index Rises
Most economists said China's economy will bottom out in 2009, although it may need more time for the recovery to be apparent.
News PM April 24
China 2008 Current Account Surplus at US$426.1 Billion, Official Relieved of CPPCC Membership, Coca-Cola Denies New Stake Bid with Huiyuan
Textile Industry to Focus on Brand-Building, Higher Value-Added
China is aiming to develop around 100 domestic textile brands that can compete in the international market, which account for about 20 percent of the value of total textile exports.
China Q1 Land Prices Fall, House Prices to Remain Stable
China's land prices are expected to keep falling in the first half of this year. But cheaper land will not necessarily lead to falling house prices.
SAFE to Expand Financing to Companies' Overseas Units
Financing could come from parent companies' own foreign exchange deposits or bought from commercial banks.
China Oil Product Inventories Fall In March
Increased gasoline consumption driven by higher vehicle sales partly contributed to the fuel inventory decline in March.
Regulator Denies IPOs to Resume after May Holiday
The official's remarks follow a 3 percent intraday plunge in the Shanghai Composite Index on April 23 on speculation that IPOs, suspended since September, will resume soon.
Thai PM Mediating Between Red and Yellow Shirts
Prime Minister Abhisit is working on conciliation between red-shirts representing Thaksinism and yellow-shirts sympathetic to the elite but possibility of him alienating both is not being ruled out.
News AM April 24
Excess Reserves Down by Half for Chinese Banks, CIRC Fines AXA China Insurance, China's March Refined Oil Inventories Drop, New Participation in Social Insurance Schemes Drops
News PM April 23
Central Bank Issues 55 Bln Notes, China's Q1 Urban Unemployment Rate Rises, China Q1 Tax Revenues Drop, Housing Market to Turn Warmer, China Top Oil Firms' March Crude Output Up
Bank of China Installing Systems for Yuan Settlement Trials
The yuan settlement scheme is a step forward in making the yuan an international currency.
Gome to Close 100 Stores In 2009
Gome, which has been hit hard by its founder Huang Guangyu's scandal, plans to close around 100 outlets this year.
Central Bank Won't Restrict Loan Growth, Urges 'Rational' Lending
The admission that no ceiling will be enforced means banks have a green light to continue lending freely to projects supporting economic growth.
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