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CIC mulling investment in UKPublished: 03 Jun 2009 00:25:39 PSTTop 5 News From ChinaKnowledge.comSuntech raised US$277 mln through ADS offeringChina’s power consumption down 4.03% in Jan-AprCBRC allows BoComm, Bank of Beijing to invest in insurersBDA recognizes top 23 returned professionalsHang Seng Index opens 228 points higher on WedJun. 3, 2009 (China Knowledge) – China Investment Corp (CIC), the country’s US$200 billion sovereign wealth fund, is seriously considering investment in the U.K., said Ian Luder, lord mayor of the City of London, during his visit to Beijing, the Shanghai Securities News reported. Luder added that the U.K. would gladly allow the National Council for Social Security Fund (SSF) and CIC to set up offices in London.Agricultural Bank of China, one of China’s Big Four state-owned banks and the last unlisted one, has decided to upgrade its representative office in London to a branch, according to the mayor.Industrial and Commercial Bank of China (ICBC)<601398><1398>, Bank of China (BOC)<601988><3988>, and China Construction Bank (CCB)<601939><939> have already established branches in the city.One of the main goals of the mayor’s visit to China is to facilitate the listing of Chinese companies in London. Luder said that listing in London will bring those firms more financing opportunities and promote their image overseas, thus reducing the costs of overseas acquisitions.Lou Jiwei, CIC’s chairman, said at the Boao Forum in April that CIC will consider making cautious investments in Europe this year, and that it has already chosen many potential investment targets.CIC posted earnings of US$10 billion from its investments in 2008, a 5% return, according to an earlier report from China Knowledge.Copyright © 2009 http://www.chinaknowledge.com环保空调 乳化机 oa办公系统 OA系统 电磁流量计 in stock kitchen cabinets kitchen cabinets

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From a slow start, China’s auto makers hit fast lanePublished: 25 Dec 2008 21:11:14 PSTToday’s younger Chinese may take for granted the country’s huge leap forward as an automotive producer.But those who are old enough to remember the pre-1978 era might be forgiven for standing by the roadside and marveling at all those shiny new cars roaring by.Domestic vehicle sales hit a record 8.79 million units last year, making China the world’s second-largest vehicle market.The booming sales volume represents enormous growth, given that 30 years ago only 5,000 vehicles were sold in China every year. Incomes were low, car models were limited, and ownership restrictions held back the market.In those days, China’s auto industry mainly turned out trucks and the domestically made, low-production Red Flag sedans, which began to be built in 1958 for high-ranking Chinese officials.The industry got its first major boost when former Chinese leader Deng Xiaoping, the architect of China’s reform and opening-up policy, wrote instructions in a report in 1978 that allowed the establishment of joint ventures in the automotive industry.The development came as China was hungry for foreign capital, technologies and management expertise to improve its inefficient industries after the devastating effects of the ”cultural revolution” (1966-1976).The government decided to boost the automotive industry because of its strategical position in the country’s overall industrial mix. But at that time, almost no international auto makers were willing to invest in China because of concern over small market demand.At the beginning, Volkswagen, Europe’s biggest car maker, was the only international giant to agree to set up joint ventures in China.But the negotiations were difficult because China lacked experience in modern business management along with legal and patent protection. It took more than six years from the first contacts between Volkswagen and China’s automotive industry before a cooperation deal was signed. The nation’s first car venture, Shanghai Volkswagen Automobile Co, was finally established on March 21, 1985.Setting the moldThe cooperation also set several precedents for Chinese industry, including the 50-50 shareholding structure that became part of industrial policy as well as the first version of the Sino-foreign equity joint venture law.The VW Santana sedan, which was the first car to roll off the venture’s assembly line, long dominated China’s auto market, holding nearly an 85-percent market share for 10 years. The Santana’s latest generation still records sales of more than 10,000 units a month.The industry entered a new stage in 2001 when it began to benefit from rising personal wealth tied to China’s rapid economic expansion. The lifting of strict controls on vehicle purchases also paved the way for more people to buy a car.Vehicle sales increased from 2.73 million units in 2001 to 8.79 million last year. The annual sales growth for passenger cars has stabilized at about 25 percent over the past three years, compared to single-digit growth in mature markets in North America and Europe.Vehicle exports are also taking off as a result of the country’s low-pricing formula and the debut of made-in-China vehicles at international auto shows. Today, more than 130 vehicle makers are rolling out hundreds of models in China, and the growing market demand has lured most of the world’s auto makers to set up joint ventures in China.Among them, Toyota Motor Corp aims to sell 1 million vehicles in China by 2010 after selling more than 700,000 units last year.”China’s auto industry has developed with its own characteristics,” said Zhang Xiaoyu, chairman of The Society of Automotive Engineers of China.”The purpose of the reforms in the automoti冷风机 电炉 冷热冲击试验机 外匯買賣 滤油机 passenger elevator dental bearings

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Zhang Ziyi on nation, nuptials and her new projectPublished: 12 Jul 2009 06:02:01 PSTBy Mao Renjie With two of her Hollywood compatriots Gong Li (Raise the Red Lantern) and Jet Li (The One) now naturalized in Singapore, it was inevitable that Zhang Ziyi was asked if she would be the next to change her citizenship during her interview Thursday for ifeng. com.Zhang Ziyi in her latest film Sophie’s Revenge.“I will not change my nationality,” answered Zhang firmly. Despite of her international career path and American fiancé, she felt no need to trade in her passport. “I’m a proud Chinese citizen and actress.”And China is proud to have Zhang as she once again returns to the big screen, reigning in all her Hollywood experience to not only star in but also produce the romantic comedy Sophie’s Revenge, premiering in China on August 14.Sophie’s Revenge tells the story of how cartoonist Sophie tries to win her fiancé back while getting the best of the competition. Zhang said she was grateful for the opportunity to star in this comedy, recalling that when she first read the script, she realized the happy-go-lucky Sophie really suited her age and personality.“I’ve done so many melancholy and depressive roles, which have tired me out, though deep down I appreciate those challenges as they have enhanced my acting greatly,” Zhang told the Global Times.However, she had doubts about whether she could act in a comedic role. “It’s a genre I’ve never attempted before.”But Zhang said the hardest challenge was to overcome the audience’s image of her on the red carpet surrounded by paparazzi while portraying Sophie, the bubbly girl next-door.“Actually I have my other side which people don’t normally get to see.” She said the character gave her a vehicle to express that lighter side, giving audiences a more complete picture of her personality.The film marks both her first comedic performance and turn as a producer, at last fulfilling her desire to get involved in every aspect of filmmaking, although she admits that this film was a crash course for her.“To me, being a producer is not about having total control over everything. What’s more important is that I got a chance to experience and learn so many new things.”She also emphasized that the film was the result of the whole crew’s effort, from finding investors to casting actors.“If the film is a success, it should be accredited to not just me, but everyone involved in the work.”Zhang revealed the film’s investment was less than the rumored 50 million yuan (US$7.315 million), the majority of the funding coming from a Chinese online game company. “We’ve stretched our budget, considering the high profile of our cast and production team.”She revealed that the cast worked for much cheaper than usual, explaining that they were largely attracted to the project by the quality of the script. “If we paid Fan Bingbing her going rate, we might need to add another 10 million yuan (US$1.463 million).”She also acknowledged the possibility that her all-star cast accepted lower salaries just for the opportunity to work with her, and that she was grateful to them.“It was a first time collaboration with the cast. I was curious what kind of sparks we could create together.”According to Zhang, a sizeable portion of the film’s investment money was spent on post-production and creating a comfortable working environment. She said it is crucial to make a pleasant, positive atmosphere in order to get a positive end product.“As an actress myself, I understand the importance of taking reall搅拌机 深圳搬家 深圳装修 外匯買賣 过滤机 热处理设备 过滤器

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Dongfang Electric approved for private placementPublished: 23 Sep 2009 23:51:36 PSTTop 5 News From ChinaKnowledge.comCapital Group cuts stake in BYD to 5%Hang Seng Index opens 209 points lower on ThuChina’s coal imports fall to 11.77 mln tons in AugMirae Asset to set up fund management JV in ChinaADB raises China’s economic growth forecast for 2009Sep. 24, 2009 (China Knowledge) – Dongfang Electric Corp Ltd<600875><1072>, the country’s top power equipment maker, obtained the approval from the China Securities Regulatory Commission to issue up to 145 million A shares to not more than 10 institutional and individual investors.The company said in a statement filed with the Shanghai Stock Exchange that it hopes to raise up to RMB 5 billion through the placement. The issue price has not been disclosed so far.Dongfang Electric Corporation, the controlling shareholder, will acquire at least 30 million new shares of Dongfang Electric, or 50% shares to be issued, via the private placement, according to the statement.The proceeds from the issuance will be used to reconstruct a production base and build an R&D center for high-efficient steam generators. Meanwhile, the funds will be used to complete a technology innovation project for nuclear power generation equipment and replenish working capital.Copyright © 2009 http://www.chinaknowledge.comkitchen cabinetry 深圳搬家公司 深圳南山搬家公司 弹簧 外汇交易 passenger elevator 激光打标机

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China COSCO suffers RMB 690-mln loss in Q3Published: 02 Nov 2009 19:47:13 PSTMore From ChinaKnowledge.comChina Economy DataChina Business GuideChina DemographicChina Industrial ParksChina Financial MarketNov. 3, 2009 (China Knowledge) – China COSCO Holdings Co Ltd<601919><1919> on Oct. 30 announced that its losses amounted to RMB 690 million in the third quarter of this year, bringing total losses for the first three quarters of this year to RMB 5.31 billion, sources reported. Ming Dong, general manager of Investor Relations for China COSCO, said that the firm will make earnings if the profit for the fourth quarter exceeds RMB 5.3 billion, but added that it will be hard to meet the goal in the current market. China COSCO’s loss per share was RMB 0.07 in the third quarter and RMB 0.52 in the first three quarters. As of Sep. 30, the ocean shipping enterprise had RMB 135.4 billion in total assets, whereas it had RMB 116.78 billion at the end of last year. Net asset value per share was RMB 4.38. In the period from January to September, the company’s freight volume was 3.78 million twenty-foot equivalent units, down 16.7% year on year. Its revenue slid 49.6% year on year.Copyright © 2009 http://www.chinaknowledge.com搅拌机 自清洗过滤器 冷热冲击试验机 工作流 北京翻译公司 XP系统下载 lipo battery

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Hang Seng Index up 1.23% on ThuPublished: 03 Sep 2009 01:14:52 PSTTop 5 News From ChinaKnowledge.comCountry Garden floats 5-year notes worth US$300 mln on TueBaosteel sees improved profit in H2China to purchase US$50 bln in IMF bondsBeijing’s e-Town launches wireless broadband networkJinchuan to buy 70% stake in Tiomin’s Kenya subsidiarySep. 3, 2009 (China Knowledge) – Hong Kong stocks rose on Thursday. The Hang Seng Index, the benchmark, opened 4 points higher at 19,526. After touching the intraday low of 19,526.89 points, the blue-chip Hang Seng Index rose 239.68 points or 1.23% to close at 19,761.68.Mainboard turnover rose to HK$57.78 billion. The Hang Seng China Enterprise Index, which tracks the overall performance of 43 Chinese mainland state-owned enterprises on the Hong Kong Stock Exchange, swelled 236.82 points or 2.12% to 11,429 points. Market heavyweight HSBC Holdings Plc<0005><HBC>, which accounts for the largest weighting for the Hang Seng Index, increased 0.43% to HK$81. Communication stocks were gainers. Market heavyweight China Mobile<0941><CHL>, the largest firm by capitalization in the Hong Kong market, swelled 0.54% to HK$75.1. China Unicom (Hong Kong) Ltd<600050><0762><CHU> increased 0.39% to HK$10.44. China Telecom Corp Ltd<0728><CHA> swelled 1.54% to HK$3.97. ZTE Corp<000063><0763> swelled 6% to HK$36.2.Auto stocks ended mixed. Denway Motors Ltd<0203> rose 1.14% to HK$3.55. Great Wall Motor Co Ltd<2333> swelled 6.73% to HK$7.3. Dongfeng Motor Group Co Ltd<0489> increased 0.74% to HK$8.13. Sinotruk (Hong Kong) Ltd<3808> increased 1.69% to HK$9.01. BYD Co Ltd<1211> swelled 6.54% to HK$50.5. China Motor Bus Co Ltd<0026> fell 0.09% to HK$54.95.Copyright © 2009 http://www.chinaknowledge.comビジネスローン lithium battery 深圳搬家公司 工作流 负压风机 净化工程 北京翻译公司

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Longfor buys land in Shanghai for RMB 1.73 blnPublished: 21 Dec 2009 01:17:43 PSTMore From ChinaKnowledge.comChina Economy DataChina Business GuideChina DemographicChina Industrial ParksChina Financial MarketDec. 21, 2009 (China Knowledge) – Hong Kong-listed property developer Longfor Properties Co Ltd<0960> on Dec. 18 won the bids for the lots designated A15-1 and B05-1 in Jiading District, Shanghai for a total consideration of RMB 1.73 billion, sources reported. The Chongqing-based property developer will pay RMB 12,200 per square meter of potential floor area for two parcels, which cover a combined land area of 65,000 sq m and have a total potential floor area of 145,500 sq m. Longfor plans to build commercial, office and residential properties on the sites. Earlier this month, the company bought two pieces of land in Chengdu, Sichuan Province and Qingdao, Shandong Province for RMB 1.31 billion in total, China Knowledge reported. The real estate developer has reaped RMB 16 billion in contracted sales revenue since the beginning of this year, and expects to book RMB 17 billion in revenue for the whole year.Copyright © 2009 http://www.chinaknowledge.com纯水设备 芦荟 lithium polymer 弹簧 湿帘 网络电话 风机

Wen sees air bubble film machine signs of Chinese economy reviving(Adds Wen on US Treasuries, use of reserves)
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Wen sees signs of Chinese economy reviving(Adds Wen on US Treasuries, use of reserves)Published: 02 Feb 2009 20:53:51 PSTAuthor: Daisy Ku and Sumeet DesaiLONDON, Feb 1 (Reuters) – Chinese Premier Wen Jiabao said on Sunday he saw signs of recovery in the final days of 2008 after growth in the world’s third largest economy slowed abruptly but indicated that further stimulus measures might be needed.The global financial crisis has hit demand for Chinese exports, fanning fears of social unrest as factories are closed and millions of migrant workers lose their jobs.”During the last 10 days of December it started to get better. The goods piled up in port started to decrease and the price of industrial products started to rise,” Wen told a business audience at a dinner during a visit to London.The government has already pledged 4 trillion yuan ($585 billion) over the next two years to help boost domestic demand. Work on projects including rebuilding the earthquake-hit southwest and improving road and rail links is under way.Wen told the Financial Times that more might be needed.”We may take further new, timely and decisive measures. All these measures have to be taken pre-emptively before an economic retreat,” he said in an interview published late on Sunday.A plan to enable the use of some of China’s huge foreign currency reserves for domestic purposes is under discussion, he told the paper.China’s economic growth slowed to 6.8 percent in the last quarter of 2008, dragging down the annual rate of expansion to a seven-year low of 9.0 percent as the world’s most populous country felt the impact of the global financial crisis.China targets annual growth of eight percent or above in order to support its 1.3 billion population. Wen told his business audience that he would unveil stimulus measures for shipbuilding and textiles when he returns home.Underlining his positive comments, he said 900 billion yuan in aggregate loans had been added to the Chinese economy in the first 20 days of January, more than double the figure for last November as a whole.China swung into a deficit in 2008 after a huge burst of government spending in the year’s final weeks to combat the economic slowdown, data published on Sunday showed. MARKETS AND MORALITYWen said China’s financial sector remained in good health.”The financial sector in China has in the face of this crisis been affected to a certain extent, but generally speaking remains sound, healthy and stable,” he told an audience of business figures at London’s Natural History Museum.Looking at the roots of the crisis, Wen said large financial institutions around the world had pursued profits and left the ordinary people to clean up the mess.”To learn the lesson, we have to combine market developments and morality. Then perhaps we could have avoided the crisis we are going through.”Wen also spoke out about a ”dangerous trend” towards protectionism as countries around the world struggle to respond to the crisis.Speaking to the FT, Wen said China thought it was important to ”stabilise” the U.S. Treasury bond market to help overcome the global crisis. But he added: ”We will take into account China’s own needs to maintain the safety and good value of our foreign exchange reserves.”The paper also said, without quoting Wen directly, that hopes that China would use a large chunk of its reserves to help recapitalise the International Monetary Fund were likely to be disappointed.The Chinese premier is on the last leg of a European tour. He will hold talks on Monday with British Prime Minister Gordon Brown who is preparing to host a G20 summit in April bringing together leaders of the world’s largest economies.Earlier on Sunday British police arre老房子 弹簧 除湿机 门禁 カード 現金化 比較 北京翻译公司 超声波清洗机