Other Briefings
China May Release Another Stimulus Package
Mar. 24 – China could release another stimulus package should figures for the second quarter of the year be below expectations, according to a senior official at the Ministry of Finance. The head of the Research Institute of Fiscal Science, Jia Kang, told China Securities Journal that the stimulus package launched last November won’t produce […]
Program to Offer Subsidies for Foreign Experts
Mar. 23 – The Organizational Department of the Communist Party of China Central Committee has launched a program that would pay roughly US$146,000 or one million yuan in subsidies each for foreign senior company officials, patent holders and entrepreneurs willing to work and share their technical knowledge. The package will also include allotment for medical […]
Spending Plan Risks Industry Overcapacity
Mar. 23 – China’s focus on economic growth and investment risks worsening the nation’s overcapacity in industries with global markets unlikely to be able to buy the extra supply, according to economists. China will need to boost consumption at home to absorb the excess supply as overcapacity may overtake actual demand. The stimulus plan is […]
China Industry: Mar. 23
Mar. 23 – This is a regular series of relevant industry news from around China. Solar power Chinese solar cells maker China Sunergy Co. saw its revenues rise by 49.4 percent to US$350.9 million last year. Gross profit for 2008 was US$15.5 million, down from US$18 million in 2007. The company’s revenues in the fourth […]
China’s Antitrust Decision May Affect Overseas Bids
Mar. 20 – China’s rejection of the Coke-Huiyuan deal may affect ongoing and future bids made by Chinese companies to acquire overseas assets. The move indicates China’s protectionist stance on huge foreign investment or more interestingly may have been a requital for past failed Chinese bids for the U.S. companies Unocal and 3Com. This time […]
Tianjin Port Overtakes Guangzhou in Cargo Throughput
Mar. 19 – Tianjin Port has emerged as a major global port as it overtook Guangzhou Port to become China’s third largest and the world’s fifth largest port. It is the biggest artificial deep water port in the country and last year handled 356 million metric tons of cargo, surpassing average coastal harbor growth rates. […]
Coke-Huiyuan Deal Fails under Antitrust Review
Mar. 19 – Coca-Cola’s bid to acquire China Huiyuan Juice Group was rejected under the anti-monopoly review conducted by the Ministry of Commerce on grounds that the deal would affect or limit competition and was not conducive to the development of the country’s juice industry. “Coke may have taken advantage of its leading position in […]
China’s String of Pearls Strategy
By Chris Devonshire-Ellis Mar. 18 – China’s “string of pearls” strategy appears to be taking another step forward as Beijing increases ties with the Sri Lankan government. The strategy, which was the subject of a 2005 U.S. China Commission report to Congress, is driven by China’s need to secure foreign oil and trade routes critical […]
