Friday last, China announced that it would cut off credit to force consolidation in industries. Last Friday, China announced that it would cut off credit to force consolidation in industries.
Tags: China
China demand fears hurt rubber; Asia's coffee premiums robust
The decrease in demands for China was accounted for its slowing economic growth as Asian's coffee premiums remain at multi-month highs.
China's Sunergy sustained by higher margins, shares climb
China's Sunergy reported higher first-quarter shipments and earned about US$61.7 million. Sunergy Co Ltd, China's solar panel maker, reported it gained higher first-quarter deliveries.
Switzerland is China's new trade partner
China and Switzerland signed in a free trade agreement today in Beijing. A new free trade agreement was signed by the governments of China and Switzerland today.
Chinese firms defend unpopular mega projects
Representatives from several Chinese firms defended their unpopular mega projects in Myanmar. In a press conference held in Rangoon, Myanmar yesterday, the Embassy of China and several representatives of Chinese state-owned companies issued a statement regarding the mega projects being developed in the country.
Latest News
Cash crunch in China does not signify banking crisis According to experts, China's financial system is on a healthier trend. The recent cash crunch experienced by the country did not signal any systematic risk.
China appointed Ding Xuedong as the new head of the country's sovereign wealth fund. Ding Xuedong was appointed as head of China's sovereign wealth fund.
Daiwa House Industry Co. would raise about US$1.37 billion through share sale which would be the biggest stock sale by a property business.
The European Union and China hope to defuse conflicts by negotiating about a solar panel deal. On Friday, the European Union and China were finally moving in the direction of a new contract.
Money influx hurt China money market rates. Money market rates fell after the Chinese government announced injection of funds into an interbank market system.
China probes Tetra Pak for possible market dominance China probes Tetra Pak, the world renowned Switzerland-based food-packaging company for any possible abuse when it comes to market dominance.
Two food giants, Nestle and Danone faced China's probe on the food sector for unethical practices with price cuts on infant milk formula.
Temasek Holdings, an investment company belonging to the Government of Singapore, hold on to their stocks of China's top banks.
Actis Capital sold majority stake of Vesta to Illinois Tool Works Inc. (Photo : Reuters)This is the logo of Illinois Tool Works Inc. , which acquired Vesta, a Chinese kitchen equipment maker.
