Due to decreasing demand in international market and Chinese government’s tightened monetary policy, Chinese economic growth might slow down in 2007-2008. Despite this, economic growth rate can still reach 10%, according to a report released Tuesday by the Asian Development Bank (ADB).
In this report, titled “2007 Asia Development Prospect”, ADB says that pushed by the [...]
According to a report on top-100 chain-stores in China, as released by the Ministry of Commerce on March 26, the number of foreign retail shops have been increasing very fast, and more and more of them will enter sole proprietorship.
In 2006, most foreign retail shops netted a better profit than in 2005. Take 18 famous [...]
Bank of China opened a private banking service in Beijing and Shanghai yesterday, the first local bank to target the growing ranks of the super rich in China.
The service is only for customers with over $1 million to invest and is a joint project with its partner the Royal Bank of Scotland (RBS), which owns [...]
Lanxess AG, the German chemical maker spun off from Bayer AG, said on Friday that China overtook Japan to become the company’s largest market in Asia in 2006.
Last year, company sales in China rose 12 percent to 327.3 million euros, accounting for 26.6 percent of sales in Asia.
Lanxess planned to build a new ion exchange [...]
A Chinese construction company under investigation for suspected stock price rigging has defended its handling of an announcement of contracts for work in Africa worth 4.4 billion U.S. dollars.
Hangxiao Steel Structure Co., Ltd. issued a statement on Monday saying its Hong Kong-registered partner, the China International Fund Ltd, had failed to supply Hangxiao with details [...]
China’s largest steel mill, Baosteel, and Australia’s Fortescue Metals Group Ltd (FMG) have signed one of Australian mining industry’s largest deal to supply up to 20 million tons of iron ore per annum.
The ten-year deal, which was signed in Perth, capital of the state of Western Australia on Monday, covers a first phase quantity of [...]
