Other Briefings
China’s 2008 FDI Rises to US$92.4 Billion
Jan. 15 – An official from China’s Commerce Ministry announced that the country attracted US$92.4 billion worth of foreign direct investment in 2008, a 23.6 percent increase from 2007 figures. Commerce Ministry spokesman Yao Jian told Reuters said that in December FDI inflows amounted to US$6 billion while the cumulative total for the previous 11 […]
China Industry Report: Jan. 15
Jan. 15 – This is a regular series of relevant industry news from around China. Solar power Nanjing-based photovoltaic products maker ET Solar Group Corp said it had entered into a sales agreement with German USE. ET Solar will deliver 13 MW of solar modules to the German company between January and November 2009. Chinese […]
China Set to Cut Interest Rates Drastically
Jan. 12 – China’s central bank could drastically cut the benchmark interest rate soon to ease inflationary pressure, according to a report made by the Bank of China. It said that the People’s Bank of China may implement further cuts to the benchmark one-year deposit rate by 81 basis points and the lending rate by […]
China Industry Report: Jan. 12
Jan. 12 – This is a regular series of relevant industry news from around China. Geothermal power A meeting between Samoa’s Minister of Natural Resources and Environment, Faumuina Tiatia Liuga, and Chinese Deputy Minister of Commerce, Fu Ziying, discussed a possible cooperation for a project related to geothermal power. Samoa is seeking ways to eliminate […]
China Industry Report: Jan. 8
Jan. 8 – This is a regular series of relevant industry news from around China. Wind power The first two phases of the Dailiji 1.4 million kilowatts wind farm, built by Guohua Energy Investment Co. Ltd., began producing electricity on December 30, 2008. This development stage of the project has an installed capacity of 100,000 […]
Chinese-Made London Black Cabs To Be Sold In the United States
Jan. 7 – Geely, the Hangzhou-based Chinese auto manufacturer, will soon sell its London Black Taxi in the United States although no formal launch date has been set. The Geely manufacturing unit that produces the taxis is a joint-venture with Britain’s Manganese Bronze Holdings and is based in Shanghai. The vehicle is an iconic fixture […]
China to Test Yuan-Settlement Program for Overseas Trade
Jan. 7 – The People’s Bank of China announced that it would test a program that would allow the use of the Chinese currency instead of the U.S. dollar for settling overseas trade. China will allow the yuan to be used for trade cases between Guangdong Province and the Yangtze River Delta as well as […]
China’s M&A Resilient Despite Global Downturn
Jan. 6 – Thomson Reuters said in a report that China’s mergers and acquisitions (M&A) activity was the best in the region last year despite the global downturn. China’s M&A activity for 2008 grew by 44 percent to US$$159.6 billion worth of deals compared with the year-on-year 11.1 percent fall in the region, excluding Japan. […]
