Archive for May, 2007

China’s crude oil imports up 11 pct

Chinese imports of crude oil rose 10.8 percent year-on-year over the first four months of this year, due to the country’s growing need for resources to fuel the its rapidly economy, the General Administration of Customs (GAC) announced on Tuesday.
Crude oil imports jumped to 54.46 million tons between January and April this year, from a [...]

Zhengzhou Commodity Exchange gears up for rapeseed oil trade

China, the world’s largest producerand consumer of vegetable oil, will introduce rapeseed oil futures to the Zhengzhou Commodity Exchange in June to cope with price fluctuation risks.
The new futures product, which has been approved by the China Securities Regulatory Commission, will help traders hedge against price movements, sources with the exchange said Thursday.
Two separate promotions [...]

China’s Geely motors to make debut in Indonesia

Aiming at grabbing a slice of Indonesia’s reviving automotive market, Chinese automaker Geely International Corp. is to make presence here with its Geely CK sedan, the local press said Friday.
The new car, to be launched in July, will be assembled here by Malaysian-based firm PT IGC International and PT Gaya Motor, a subsidiary of the [...]

Chinese, Vietnamese companies deals worth more than $2 bln

Chinese and Vietnamese companies signed nine deals worth more than two billion U.S. dollars at the China-Vietnam Business Forum in Beijing on Friday.
Among the deals, the China Merchants Group signed a letter of intent on investment in Ho Chi Minh City, with a contract value of about one billion U.S. dollars.
The China Huadian Corporation signed [...]

HSBC to focus on China’s global trade service

HSBC, the bank which has already big presence in China through its investment in Chinese banks and insurance company, is to focus its attention on the global trade rather than other services in China.
Labeling it as “mad” to compete with such banks like the Industrial and Commercial Bank of China (ICBC), the largest IPO, on [...]

Law on Sino-foreign Cooperative Joint Ventures

(Adopted 13 April 1988 at the 1st Session of the 7th National People’s CongressRevised 31 October 2000 at the 18th Meeting of the Standing Committee of the National People’s Congress by the Decision on the Revision of the “Law of the People’s Republic of China on Sino-foreign Co-operative Enterprises”)
Article 1 This Law is formulated in [...]

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