News PM May 8
Geely Rejects Reports of Saab, Volvo Bids; Tencent Target Price Raised on Games Outlook; Sichuan Punishes 246 for Misconduct in Quake Relief Effort
Banking Regulator Wary of Rapid Property Lending Growth
New property lending stood at 336.4 billion yuan in the first three months, of which 221.8 billion yuan, or 65.9 percent, was borrowed by developers.
Steel-Ore Price Talks Hit an Iron Wall, Again
The latest round of turbid negotiations between iron ore suppliers and Chinese steelmakers may alter the pricing mechanism for good.
News AM May 8
Production of Antibiotic-Absent Milk Halted in China; Qingchuan to be Rebuilt at Former Site; Project Development Loans Too High; ZTE Eyes U.S., European Markets
Critical Choices for China's Dialysis Patients
An outbreak of hepatitis C among dialysis patients has focused attention on a cost-versus-risk dilemma for health care in China.
News PM May 7
Shenzhen Energy Sold Stake in Guangdong Shaoneng; Zijin Mining Shareholder Cuts Stake; China 2008 Services Trade Hits $304 Bln; China Halts Yueyang City Bond Issuance
Ex-Bank of China Managers, Wives Jailed In US
The four received a three-year supervised release and were ordered to pay US$482 million in restitution.
China May Buy More Gold to Diversify Forex Reserves – FT
Gold reserves currently account for just 1.6 percent of China's foreign-currency holdings, compared with a global average of 10.5 percent.
PBOC to Maintain Moderately Loose Monetary Policy
Although there are signs that that the government's stimulus polices have begun to show the desired impact, private capital is still unwilling to invest.
News AM May 7
Mainland Carmakers Plan Taiwan Tie-Ups; Sichuan Earthquake Student Death Toll 5,335; PBOC to Maintain Moderately Loose Monetary Policy; Swine Flu Death Toll Rises to 31
Rural Finance's Revival Strains Regulators
Big banks are accepting government invitations to expand into rural financial services, forcing regulators to play catch-up.
News PM May 6
China Southern Granted 15 Bln Yuan Credit Line; China WindPower JVs to Build Five Wind Farms; China to Subsidize Energy Efficient Light Bulbs; CDB Reduces Bond Issuance
Textile Exports Show Signs of Recovery at Canton Fair
Textile manufacturers at the China Import and Export Fair said orders exceeded forecasts following a disappointing first quarter.
SAIC Motor to Launch First Hybrid Car Next Year
It will be the first in a series of cars that the company plans to release as it attempts to retain its position as China's leading automaker.
China National Pension Fund 2008 Loss 39.4 Bln Yuan
The fund booked a fair value loss of 62.7 billion yuan on its securities trading positions in 2008.
News AM May 6
Power Production Decline Slows in Late April; TV Banking Debuts in Jiangsu; New Mandate Promotes Microfinance in Shanghai; Swine Flu Death Toll Totals 30 Globally
China's Loan Binge: Stimulus or Insanity?
Bankers, local officials and financial regulators are trying to explain -- and justify -- a stunning surge in new loans.
Analysis: Tests, Targets for a New Stimulus Package
Market indicators are lagging behind positive data tied to the government's stimulus package. The economy may need more help.
ADB, China Ex-im Bank Sign US$ 3 Bln Co-Financing Agreement
This agreement is another effort made by China in recent months to expand its influence in development funding.
Swine Flu Has Smaller Impact on China than SARS
China's trade relationship with Mexico is not extensive and the country is much better prepared to deal with the spread of infectious diseases, said a CICC report.
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