Japanese trading house Itochu Corp (8001.T: Quote, Profile, Research, Stock Buzz) said on Thursday that it would buy a 20 percent stake in Chinese food processing company Ting Hsin for $710 million to take further advantage of fast-growing demand.
Tags: investment, Stock
Shanghai’s industrial production grew 3.8 percent in October from a year ago to 199.4 billion yuan (US$29.2 billion), the slowest expansion this year, the Shanghai Statistics Bureau said yesterday.
The rise was down from September’s 6.4 percent and August’s 9.2 percent and came against the backdrop of the global financial crisis which eroded production demand in [...]
How much does the widespread and intensified international financial crisis actually influence on China’s economy? Answers to that question were given in a survey report entitled ‘Entrepreneurs’ Judgments, Assessments and Suggestions on the Macroeconomic Situation and Hot Spots of Reform,’ released by the China Entrepreneurs Survey System on November 15.
Tags: Financial, investment, mortgage
Shanghai launched 52 industrial projects in Jiading District this morning with a combined investment of up to 9.6 billion yuan (US$1.4 billion).
The 52 projects cover some high-end manufacturing and service industries including the production of vehicle parts, elevators, photo-electricity technology, mechanical engineering and eco-friendly materials.
Tags: Financial, investment
Chinese expert has called energy industry to make appropriate investment and wait for a right time to streamline energy prices, though the international oil price has fallen below 60 US dollar per barrel.
Han Wenke, director with Energy Research Institute of the National Development and Reform Commission, said that it is the right time to stimulate [...]
Months after coping with the highest inflation in more than a decade, China’s money market is gearing up for a fresh shock: deflation.
The risk of consumer price inflation turning negative early next year looks set to leave the market awash with idle funds, crush the upward slope of China’s bill curve, and push banks into [...]
