Other Briefings
Another Chinese Yangtze Species Extinct?
May 26 – Following the sad tale of the extinction of the Chinese Yangtze River Dolphin, it appears the Yangtze River is losing more species, including the giant Chinese Paddlefish, which has not been seen alive since 2007. Reaching 23 feet (7 meters) in length and weighing half a ton (450 kilograms), the creature is […]
Around Asia: May 26
May 26 – A weekly look at important regional news. The 2009 Monsoon Arrives, Affecting India to China The annual Asian monsoon has arrived, touching the western coast of India last Saturday with 5 centimeters of rainfall in Thiruvananthapuram, the State Capital of Kerala in 24 hours. The monsoon, which refers to the high seasonal […]
HSBC and Citibank Cut RMB Deposit Rates
May 25 – HSBC and Citibank have cut interest rates for medium-term yuan deposits for retail consumers below the central bank benchmark. The move highlights differing policies between local and foreign banks. While foreign banks have refrained from lending more, local banks have gone ahead to fund various projects related to the stimulus plan. During […]
China Industry: May 25
May 25 – This is a regular series of relevant industry news from around China. Solar power U.S. solar power plants developer AES Solar Energy has signed a supply deal with Chinese photovoltaic (PV) product manufacturer Yingli Green Energy. Under the three-year exclusive supplier framework agreement, Yingly Green Energy will deliver its polycrystalline PV modules […]
Shenzhen Plans to Expand Economic Zone to Include the Whole City
SHENZHEN, May 22 – The local government has proposed a plan to expand its special economic zone (SEZ) to encompass the whole city as a way to boost its competitiveness during the downturn. If the proposal pushes through, the Bao’an and Longgang districts will become part of the SEZ thus growing the area from 395.81 […]
Stanley Ho and LVMH Invest in Upscale Complex in Shanghai
SHANGHAI, May 22 – Gambling magnate Stanley Ho and LVMH Moët Hennessy – Louis Vuitton chairman Bernard Arnault attended the groundbreaking ceremony of L’Avenue Shanghai last May 20. Mr. Ho and LVMH co-invested US$500 million for the project to develop an area of about 140,000 square meters located in the Hongqiao Development Zone and slated […]
Global Manufacturing in China Changes Tune as Exports Slow and India Rises
By Chris Devonshire-Ellis May 21 – Subtle changes are occurring in the global and domestic perception of China as a viable cheap manufacturing source as the country grapples with the imbalances caused by its export driven economy. While much of China’s foreign direct investment over the past twenty years has come from initially one source […]
MGM Mirage’s Macau Venture Criticized by U.S. Agency
May 21 – In a report, the New Jersey Division of Gaming Enforcement has recommended that MGM Mirage cut business ties with its joint-venture partner in Macau, Pansy Ho, the daughter of Macau gambling magnate Stanley Ho. The gambling-enforcement agency called Ms. Ho “unsuitable,” without providing the reasons why. The report will be looked at […]
