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CIC mull ball valve ing investment in UK
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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

From a s Wafer Ball Valve low start, China’s auto makers hit fast lane
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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

Zhang Zi sewing machine presser foot yi on nation, nuptials and her new project
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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

Dongfang Electric winch Electric approved for private placement
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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

China CO Machine à couper SCO suffers RMB 690-mln loss in Q3
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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

Hang Sen oscilloscope g Index up 1.23% on Thu
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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

Longfor time relay buys land in Shanghai for RMB 1.73 bln
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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

Overseas solar aviation light Chinese Town to issue RMB 3 bln in financing bills
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Overseas Chinese Town to issue RMB 3 bln in financing billsPublished: 17 Aug 2009 00:08:05 PSTTop 5 News From ChinaKnowledge.comBlackstone, Goldman Sachs mull investment firms in ChinaChina Coal Energy’s output up 33.5% in JulyHang Seng Index opens 426 points lower on MonGuangdong Yudean to invest RMB 140 mln in solar PV projectChina Life’s insurance premiums hit RMB 191.1 bln in Jan-JulAug. 17, 2009 (China Knowledge) – Overseas Chinese Town Holdings Co, a conglomerate engaged in real estate, hotel development and operation, tourism and electronics and packing products, announced that it will issue RMB 3 billion in financing bills with a maturity of eight months on Aug. 20. This batch of bills will be issued on the interbank market at face value, and the yield will be determined during the process of book building, according to the company’s statement. The value date and payment due date will be Aug. 21. The bills will be tradable on Aug. 24. Half of the proceeds from the issuance will be used to replenish the firm’s working capital in the tourism, hotel development and operation and electronics and packing businesses, and the remaining funds will be used to repay bank loans. China Lianhe Credit Rating Co Ltd has rated the issuer and the bills AA+ and A-1, respectively. China Construction Bank Co<601939><0939> have been hired as the underwriter for the sale.Copyright © 2009 http://www.chinaknowledge.com短信群发 港澳游 弹簧 skateboard bearings panoramic elevator lithium batteries 超声波

Chinese led light supplier stocks up 1.71% on Tue
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Chinese stocks up 1.71% on TuePublished: 08 Sep 2009 00:33:37 PSTTop 5 News From ChinaKnowledge.comStandard & Poor’s downgrades Country Garden’s ratingsChina State Construction to build US$3.6-bln tourism projectCompal to set up 5th notebook plant in mainland China in Q4Hang Seng Index opens 11 points lower on TueChna’s Ministry of Finance to issue RMB bonds in HK: reportSep. 8, 2009 (China Knowledge) – Chinese stocks ended higher on Tuesday, boosted by property, coal and bank stocks, after reports that nine new index funds totaling RMB 50 billion are expected to be poured into the stock markets this month.The benchmark Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, rose 1.71% or 49.36 points to close at 2,930.47 points, after touching an intraday low of 2,831.85 points.The Shenzhen Component Index on the smaller Shenzhen Stock Exchange rose 2.47% or 287.89 points to 11,923.34 points. Gainers in the Shanghai market outnumbered decliners 692 to 106, while 58 were unchanged. Aggregated turnover on the two bourses was RMB 232.1 billion. Property stocks ended higher. Oceanwide Real Estate Group Co Ltd<000046> surged by the daily limit of 9.98% to RMB 14.55. China Vanke Co Ltd<000002><200002>, the country’s largest publicly traded residential properties developer, grew 2.79% to close at RMB 11.43. Coal stocks also ended higher. Kailuan Energy Chemical Co Ltd<600997> jumped 9.4% to RMB 25.13. China Shenhua Energy Co Ltd<601088><1088>, the nation’s biggest coal producer, rose 3.85% to RMB 32.62. Bank stocks were among the winners. Industrial and Commercial Bank of China<601398><1398>, the world’s largest lender by market value, grew 2.08% to RMB 4.9. China Minsheng Banking Corp Ltd<600016> increased 1.21% to RMB 6.71. Baoji Department Store (Group) Co Ltd<000796> spiked the daily maximum of 10% to RMB 6.71. Xi’an Minsheng Group Co Ltd<000564> jumped 9.95% to RMB 6.41, after the China Securities Regulatory Commission approved the two firm’s restructuring plan.Military-related stocks performed well. China North Optical-Electrical Technology Co<600435>, China’s first wholly-listed company in the military industry, jumped 10.02% to close at RMB 24.71. Xian Aircraft International Corp<000768> rose 3.96% to RMB 15.76.Biopharmaceutical stocks were also among the winners. Hualan Biological Engineering Inc<002007> increased 9.99% to close at RMB 49.53. Shenzhen Neptunus Bioengineering Co Ltd<000078> grew 1.78% to RMB 10.88.Shipping stocks also ended higher. CSSC Jiangnan Heavy Industry Co Ltd<600072> surged 9.98% to RMB 18.51. China Shipping Development Company Ltd<600026><1138> rose 3.13% to RMB 12.84.Copyright © 2009 http://www.chinaknowledge.comショッピング枠 現金化 港澳游 air conditioner motor miniature bearings lithium polymer 有机玻璃 物流公司

Audi aim Leather straps watch s to sell 200,000 cars in China by 2013
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Audi aims to sell 200,000 cars in China by 2013Published: 21 Sep 2009 01:18:29 PSTTop 5 News From ChinaKnowledge.comBYD aims to be China’s No. 1 auto makerHang Seng Index opens 48 points lower on MonJingneng Thermal Power to invest in Inner Mongolia wind power projectSouth Africa’s Telkom in tie-up talks with Hong Kong’s PCCWSinopharm raises HK$8.73 bln via HK IPOSep. 21, 2009 (China Knowledge) – Audi AG, a German subsidiary of Volkswagen AG, aims to achieve annual sales of at least 200,000 cars in China by 2013, two years earlier than originally planned, said Peter Schwarzenbauer, Audi’s head of sales, Reuters reported on Saturday.Audi expects to sell 136,000 cars in China this year. Last year it sold 119,600.In August, a company representative for Audi said that the company and its Chinese partner, FAW Group Corp, may open their new RMB 1-billion plant in Chuangchun, the capital of northeast China’s Jilin Province, this month. The plant will double Audi’s annual production capacity to 200,000 units and help it meet its sales target. It will be able to produce any Audi model, according to China Knowledge’s previous report.Audi sold a record 66,866 vehicles in the first half of this year in China, 11% more than a year earlier. Monthly sales in the country hit a record of 13,265 units in June.Copyright © 2009 http://www.chinaknowledge.com翻译公司 弹簧 外汇保证金交易 喷丝板 lithium polymer lithium batteries surge arrester

Province petroleum resin Introduction of China: Guangdong
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Province Introduction of China: GuangdongPublished: 01 Apr 2009 18:13:00 PSTKey Information Introduction Guangdong is located at the south end of Mainland China, with a coastline of about 3,368km and a land area that ranks 15th in the country. The Pearl River, which is the 3rd largest river in China, flows through Guangdong and forms a delta region. It is economically comparable to the Yangtze River Delta in eastern China, where the region’s economic hub is Shanghai. Guangdong has played a pioneering role in China’s economic reforms ever since the country’s implementation of opening policies in the late 1970s. Three of China’s Special Economic Zones, namely, Shenzhen, Zhuhai and Shantou, are located in Guangdong’s coastal areas. Economic Overview Guangdong is the biggest economy in China. In 2006, the province’s GDP rose 14.1% to RMB 2.6 trillion (US$331.2 billion), maintaining its strong growth momentum. As noted, most of the GDP comes from industry and service, with just 6.1% coming from the agriculture sector. In recent years, Guangdong’s leading economic position has been challenged by Shandong and Jiangsu, which are the second and third largest economies in China respectively. In 2006, the GDP of Shandong amounted to RMB 2207.7 billion (US$281.2 billion) while that of Jiangsu totaled RMB 2154.8 billion (US$274.5 billion), further narrowing the gap with Guangdong. Moreover, some other economic indicators have even surpassed Guangdong’s. For example, since 2003, Jiangsu has replaced Guangdong as the largest FDI destination. The value-added industrial output of Shandong, a major benchmark of a province’s economic strength, reached RMB 1,149 billion in 2006, cutting very close to Guangdong’s output of RMB 1,178 billion. Guangdong is the largest consumer market in China in 2006, with retail sales of consumer goods at RMB 911.8 billion, an increase of 15.7% from the previous year. It accounts for 11.9% of China’s total retail sales of consumer goods. As the region that opened earliest, Guangdong has an advanced retail market. In recent years, the retail distribution channel has further expanded and in addition to traditional department stores, other types of stores such as chain stores, supermarkets, and warehouses have seen a fast growth. As evidenced, more than a third of the expenditure is on food and a fifth of the total expenditure is on transportation and communications. Surprisingly, given the advanced retail market, the proportion of expenditure spent on clothing is a mere 5.8%. Guangdong saw only a modest growth in fixed asset investment in 2006. Total investments rose 16.7% to RMB 813.2 billion, ranking Guangdong third in China after Shandong and Jiangsu. Out of these investments, RMB 184.4 billion was invested in real estate development. This accounted for 23% of the total fixed asset investment. Industry Despite the threat of Shandong and Jiangsu surpassing Guangdong as the leading economy in China, the industrial output in Guangdong is on the rise. The total value-added industrial output reached RMB 1,178 billion in 2006, an increase of 17.6% from the previous year. Of the total value-added industrial output, that of above designated-sized enterprises amounted to RMB 1071.9 billion. Guangdong’s robust manufacturing sector has also greatly benefited from foreign investments. As can be seen from the pie chart, foreign invested enterprises (FIEs) account for nearly two-thirds of the overall value-added industrial output.冷热冲击试验箱 rta kitchen cabinets elevator manufacturer 实验室家具 深圳装饰公司 深圳装饰公司 Aloe vera

China’s china mobile phones Chery has no intention to buy U.S. auto assets
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China’s Chery has no intention to buy U.S. auto assetsPublished: 10 Dec 2008 01:31:47 PSTDec. 10, 2008 (China Knowledge) – Chinese car maker Chery Automobile Co has no intention to buy U.S. auto assets amid the current market condition, the Shanghai Securities News reported, citing Yin Tongyao, chairman with Chery, as saying.Chery has secured a RMB 10 billion loan from China Export-Import Bank (China Exim Bank), said Yin, adding the company will focus on product innovation as well as improving its product quality. According to Yin, Chery expects to export 140,000 vehicles and realize sales target of US$900 million from exports this year.Copyright © 2008 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina News深圳装修公司 ready to assemble kitchen cabinets china elevator monolithic refractories car sun shades 深圳装修公司 car sun shades

UPDATE 1 pressure reducing valve -China overcapacity risks trade friction -EU Chamber
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UPDATE 1-China overcapacity risks trade friction -EU ChamberPublished: 25 Nov 2009 23:30:48 PST * EU business group says overcapacity harming China, world * Warns of rise in anti-dumping cases, drop in FDI * Yuan is not cause of problem but may be part of solution BEIJING, Nov 26 – China faces a protectionistbacklash next year because its manufacturers are saddled withovercapacity and are offloading excess output into world markets,the European Union Chamber of Commerce in China said on Thursday. Joerg Wuttke, the head of the business group, said it takesabout 12 months to prepare a case alleging dumping, the practiceof selling goods for less than it costs to produce them. ”This lead time would indicate to me that in the second halfof 2010 there will be far more dumping cases against China,unfortunately,” Wuttke said. He was speaking at the launch of a study into industrialovercapacity in China, a long-standing scourge that the chamberbelieves has grown more serious as a result of the globalfinancial meltdown and Beijing’s aggressive response to it. ”The crisis has throttled demand for exports from China at atime when even more investment, in the form of the Chinesegovernment’s massive stimulus package, is being pumped intobuilding new plants and adding unnecessary capacity. ”As a result, the problem is actually getting worse in manyindustries,” the report said. In a survey of the chamber’s members, 56 percent ofrespondents identified local government policies aimed at luringinvestment as the main macroeconomic reason for overcapacity;loose lending was the second most frequently cited cause. Wuttke welcomed efforts by the central government to curb newcapacity, but said it was often powerless in the face of localgovernments that crave new factories for the tax revenues andjobs they generate and that do everything to keep existing plantsfrom going under. ”Local protectionism kicks in. So even if Beijing sees aproblem and wants to tackle it, they are very often derailed bylocal politics,” Wuttke said. Apart from generating trade frictions, rampant overcapacitywould weigh on foreign direct investment into China. ”Why wouldyou invest if that market is already oversupplied?” he asked. SWEEPING SOLUTIONS By wasting resources and eroding profits, overcapacity detersresearch and development and encourages firms to cut corners onhealth and safety standards as well as environmental protection. Further, the creation of unneeded capacity raises the risk ofnon-performing loans for banks that finance the investment. Italso generates trade tensions as producers offload their surplusproduction overseas at cut-rate prices, the study said. The State Council recently singled out iron and steel,cement, electrolytic aluminium, glass, coal chemical, polysiliconand wind power equipment as the worst offenders when it came toovercapacity and announced steps to rein in their expansion. The Chamber applauded the cabinet’s actions but said thefundamental answer was to shift from investment- and export-ledgrowth and to focus more on domestic consumption and services. The report made a series of recommendations that amount to aroot-and-branch overhaul of China’s economic model. They include: Aloe vera cheap kitchen cabinets クレジット 現金化 refractories castable 风机 外墙清洗 car sun shades

Cheung K steel flange ong raises annual sales target to HK$20 bln
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Cheung Kong raises annual sales target to HK$20 blnPublished: 08 Sep 2009 21:46:41 PSTTop 5 News From ChinaKnowledge.comBYD Chairman calls for green car purchase subsidiesChampion REIT H1 DPU hits HK$0.1314Legend to invest RMB 10 bln in clean energy sector in 5 yearsAsus Eee e-book reader to arrive this yearMarvell Tech to supply chip for China Mobile’s OphoneSep. 9, 2009 (China Knowledge) – Cheung Kong (Holdings) Ltd<0001> aims to sell 3,800 apartments for more than HK$20 billion in the remaining months of this year, having realized HK$12 billion in revenue from the sale of 3,000 apartments so far, said Executive Director Chiu Kwok Hung yesterday, sources reported.The Hong Kong-based real estate developer will sell 100 flats valued at HK$2 billion at Celestial Heights Phase 2 in Ho Man Tin later this month and is waiting for approval to sell units in two other projects.By the end of the year, Cheung Kong hopes to sell 700 of the 1,360 apartments in a project near Tai Wai station. Apartment prices will be based on average apartment prices in Sha Tin and Kowloon Tong, said Director Kwok Tsz Wai. The company also hopes to sell a batch of 56 residential units in another project for more than HK$10,000 per sq m of potential floor area. Reportedly, Cheung Kong has sold 400 apartments at La Grande Ville, Beijing for RMB 22,000 per sq m or RMB 2.6 billion in total.Copyright © 2009 http://www.chinaknowledge.com冷热冲击试验箱 RTA cabinets lithium battery refractories china 工作流 减速机 Superannuation Asian Escort london

Rubber d hangzhou escort uty cut to benefit Chinese tyre manufacturers
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Rubber duty cut to benefit Chinese tyre manufacturersPublished: 16 Dec 2009 18:38:20 PSTMore From ChinaKnowledge.comChina Economy DataChina Business GuideChina DemographicChina Industrial ParksChina Financial MarketDec. 17, 2009 (China Knowledge) – Chinese tyre manufacturers are expected to benefit from a duty cut on imported natural rubber effective from Jan. 1, 2010. China’s Ministry of Finance said Wednesday that the import tax on natural rubber will be reduced by 23% to RMB 2,000 per ton, which that on smoked sheet rubber will be cut to RMB 1,600 per ton from RMB 2,600 per ton. China, the world’s largest tyre manufacturer, has a huge demand for natural rubber because of the booming automobile industry, and 60% of the natural rubber in China is imported from overseas. Therefore, the duty cut will help lower the costs for Chinese manufacturers, especially after the U.S. government imposed a special 35% import duty on light tyres from China in September. Industry insiders said the duty cut may result in more rubber imports next year. The benchmark March rubber contract at Shanghai Futures Exchange rose 2.9% to RMB 22,365 per ton on Wednesday.Copyright © 2009 http://www.chinaknowledge.com风机箱 烘箱 lithium battery 激光切割机 FAX DM 管理咨询 furniture legs bldc motor

TOPWRAP Inspector geiger counter 4-U.S. bankers grilled, China trade plunges
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TOPWRAP 4-U.S. bankers grilled, China trade plungesPublished: 11 Feb 2009 19:24:11 PST* U.S. stocks rebound, Congress questions bankers* Treasury’s Geithner pushes new bank bailout plan* China’s imports, exports plunge* UK unemployment hits 12-year high* Credit Suisse posts $7.1 bln annual lossWASHINGTON/LONDON, Feb 11 – U.S. lawmakers grilled leading American bankers on Wednesday on how they are using the bailout money they got last year and Treasury Secretary Timothy Geithner pushed a new bank bailout plan.Global trade continued to crumble with a sharp fall in Chinese imports and exports in January underlining the economic damage caused by the global financial crisis.U.S. stocks opened higher with investors scooping up shares beaten down in Tuesday’s selloff on disappointment over the lack of detail in the latest U.S. plan to rescue the financial system.Bank shares were among U.S. stocks mounting a recovery, led by Bank of America, which rose 9 percent.Geithner’s bank plan would put $2 trillion to work mopping up bad assets and restoring credit, but it was immediately criticized for lacking detail and clarity."I completely understand the desire for details and commitments, but we’re going to do this carefully, consult carefully so we don’t put ourselves in the position again where we’re laying out details ahead of the care and substance necessary to get it right," he told the Senate Budget Committee.Eight bank chiefs appeared before the U.S. House Finance Committee to explain what they are doing with the billions of taxpayer dollars they received to avert collapse and get them lending again.In London, bank executives also got a dressing down on Wednesday in a parliamentary investigation into the integrity of the British banking system, which was partially nationalized in the crisis.A top UK financial regulator, James Crosby, deputy chairman of the Financial Services Authority, was forced to step down because of allegations he ignored risk warnings when he was chief executive of British bank HBOS.The U.S. Congress and the Obama administration moved closer to a deal on an $800 billion economic stimulus package to fight deepening recession in the world’s largest economy, which is reeling from a slump in asset prices, scarce credit and millions of lost jobs. Congressional negotiators will meet on Wednesday afternoon to reach a compromise bill, aides said.President Barack Obama, who has said the stimulus package is essential to avert a catastrophe, wants to have a bill to sign into law by this weekend.IMPORTS, EXPORTS SLUMPChina, the world’s third-largest economy, has seen trade hit as big customer economies, the United States, Europe and Japan, have gone into reverse.China’s January trade data showed exports fell 17.5 percent from a year earlier, a sharp acceleration from a 2.8 percent dip in December.Imports plummeted 43.1 percent, twice as much as in the previous month.The declines were sharper than expected and mirrored big falls elsewhere in Asia, suggesting to several analysts that China has yet to hit bottom."We will not see good export and import figures in the first and second quarters due to the slowing global economy," said Zhang Shiyuan, an analyst with Southwest Securities in Beijing.Demand for crude oil has been one of the casualties of the slowdown, and on Wednesday the International Energy Agency said fuel demand this year would contract by about a million barrels a day, double its previous estimate.Interest rates, too, have been tumbling since the crisis began, with Sweden halving its principal rate to a record low 1 percent on Wednesday.A number of European Central Bank policymakers said on Wednesday that the euro zone was also likely to se老房子 烘箱 深圳罗湖搬家 launch x431 diagun washing machine spare parts lithium batteries Share trading 离心风机

China Na cast steel valve tional Coal reaps RMB 2.91 bln in Q1 profit
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China National Coal reaps RMB 2.91 bln in Q1 profitPublished: 19 Apr 2009 16:41:05 PSTApr. 20, 2009 (China Knowledge) – China National Coal Group, formerly known as China National Coal Industry Import and Export Corp, recorded profit of RMB 2.91 billion in the first quarter of this year, which accounted for 33.2% of the total annual goal, sources reported.In 2008, the coal developer’s operating revenue and gross profit hit RMB 71.9 billion and RMB 11.3 billion, surging 26.5% and 41.6% from the previous year, respectively. Output of raw coal was 114.11 million tons, up 8.7% year on year. Reportedly, the group plans to invest more than RMB 100 billion in coal development in Xinjiang Uygur Autonomous Region in the next five years. Copyright © 2009 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina NewsCFD 深圳装饰 深圳福田搬家公司 autoboss V30 kitchen cabinets on sale OA 外汇保证金 kitchen accessories

China Ge jupes longues zhouba inks US$451.06-mln deal with Ethiopia
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China Gezhouba inks US$451.06-mln deal with EthiopiaPublished: 29 Sep 2009 00:11:32 PSTTop 5 News From ChinaKnowledge.comShanda Games raises US$1.04 bln from US IPOSuning to become sole seller of Whirlpool products in ChinaShangri-la wins Asia-Pacific’s Best Business Hotel BrandVMS Capital buys 85 mln shares of Jackin InternationalAirbus to further cooperate with China’s aviation industrySep. 29, 2009 (China Knowledge) – China Gezhouba Group Co Ltd<600068>, which is primarily engaged in contract construction, has announced that on Sep. 23 it signed a US$451-million contract with Ethiopian Electric Power Corp to build a hydropower station with an annual generating capacity of 254 megawatts in southern Ethiopia, sources reported. The hydropower project will take 48.5 months, so the deal will not have much impact on fiscal year 2009. Representatives of the Ethiopian company have submitted loan applications to Chinese banks but are still waiting for approval. The Chinese construction giant is also expanding in the domestic market. Engineering Co Ltd of China Gezhouba Water & Power (Group) Co Ltd, a subsidiary of China Gezhouba Group, intends to start a RMB 200-million hydropower project in Liangshan Yi Autonomous Prefecture, Sichuan Province. The project will generate 4.8 million kilowatts of power a year. Reportedly, China Gezhouba Group is selling a 28.36% stake in a subsidiary called Gezhouba Group Machinery & Ship Co Ltd of China for RMB 54.78 million. The subsidiary’s net profit was RMB 22.83 million last year. The seller requires that the buyer have more than RMB 100 million in registered capital and net assets, sources reported.Copyright © 2009 http://www.chinaknowledge.com弹簧 上海翻译公司 香港花店 Rift platinum 门禁 北京翻译公司 kitchen cabinets online bathroom vanities

UBS rais Surge arrester es H-share holding in China Merchants Bank to 6.09%
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UBS raises H-share holding in China Merchants Bank to 6.09%Published: 11 Jun 2009 17:12:43 PSTTop 5 News From ChinaKnowledge.comPing An’s life insurance premiums hit RMB 61.6 bln in Jan-MayUBS raises H-share holding in China Merchants Bank to 6.09%China Datang to issue RMB 3.5 billion medium-term notesLumena says chairman may join Tengzhong’s Hummer dealChina’s fiscal deficit may expand tenfold: World BankJun. 12, 2009 (China Knowledge) – Swiss investment bank UBS AG has raised its H-share holding in China Merchants Bank Co Ltd (CMB)<600036><3968> to 6.09% from the previous 5.94%, according to the bourse operator Hong Kong Exchanges and Clearing (HKEx)<0388>.Information from HKEx showed that UBS on Jun. 5 bought around 5.11 million H-shares of CMB for HK$85.01 million. The average share price of the transaction was HK$16.653 apiece.On the same day, UBS bought 6.31 million H-shares of China Coal Energy Co Ltd<601898><1898> for HK$62.82 million at HK$9.959 per share, increasing its H-share holding in the Chinese company to 6.15%.UBS also bought 3.38 million H-shares of Chongqing Iron & Steel Co Ltd<601005><1053> for a total of HK$12.53 million at average price of HK$3.711 apiece. The deal raised its stake in Chongqing Iron & Steel to 7.17%.However, UBS on the same day sold 21.06 million H-shares of Maanshan Iron & Steel Co Ltd (Maanshan Steel)<600808><0323> for HK$106.47 million at an average price of HK$5.055. The transaction reduced its H-share holding in the mainland’s second-largest steelmaker to 6.35% from the 7.57% it held earlier.Copyright © 2009 http://www.chinaknowledge.com翻译公司 MBA 乳化机 弹簧 lithium 3.6V battery 电磁流量计 solid wood kitchen cabinets kitchen cabinets wholesale