Other Briefings
China’s Africa Strategy Blossoms as Relationship Develops
AP PHOTO By Chris Devonshire-Ellis NAIROBI, Jun. 8 -China has stepped up its foreign policy of friendship and trade with Africa this year as it seeks to further strengthen its ties throughout the continent. With President Hu Jintao having already visited Mali, Senegal, Tanzania and Mauritius, China announced a new Beijing summit of African nations […]
Gov’t Wants Censor Software on All PCs Sold in China
Jun. 8 – Beijing is planning to require that all personal computers sold in the country starting July 1 include preloaded software that blocks access to websites deemed inappropriate by censors. The software whose name translates to “Green Dam-Youth Escort” in English would connect PCs with a database of banned sites then block access to […]
Rio Tinto Rejects Chinalco Bid
Jun. 5 – The world’s third- largest mining company, Rio Tinto Group, has rejected Chinalco’s US$19.5 billion bid; opting to raise US$15.2 billion through a share offering. Rio Tinto and its former rival BHP Billiton are forming a 50/50 joint venture that will consolidate all their iron ore assets in Western Australia and save them […]
New Food Safety Law Effective this Month
Jun. 4 – China’s new Food Safety Law China went into effect beginning this month. The law integrates stringent food safety standards to make supervision easier and will require new food licenses for businesses. Food suppliers who already obtained a food sanitation license prior to June 1 can still use the license until expiry date. […]
Chongqing to Build Inland Free Trade Area
Jun. 4 – Chongqing Municipality located in southwest China has begun building a free trade area, the first of its kind to be located deep inland. The Cuntan Bonded Area is strategically found between the Cuntan Harbor and the Jiangbei International Airport. The 8.37 square kilometer area will be constructed in three phases, finishing in […]
Chinese Company Buys GM’s Hummer Brand
Jun. 3 – General Motors has announced tentative plans to sell its Hummer brand to Chinese industrial machinery firm, Sichuan Tengzhong, although details of the sale are still pending. The deal will give Tengzhong brand rights and management of existing dealer agreements in addition to saving 3,000 jobs in the United States. The announcement comes […]
Around Asia: June 2
Jun. 2 – A weekly look at important regional news. First Deepwater Container Terminal Opens in Vietnam Vietnam’s first deep-water container terminal was inaugurated last Saturday in the southern province of Ba Ria-Vung Tau. (Vietnam Briefing)
China Industry: June 2
Jun. 2 – This is a regular series of relevant industry news from around China. Air transport Hainan Airlines booked a loss of RMB1.4 billion for 2008. The company blamed the loss on the high oil prices and decreased demand. Separately, the company also received government aid worth RMB3 billion from the local Hainan Provincial […]
