News for June 16, 2006
The limits of captive manufacturing (June 16, 2006) Asia Times - Many Asian successes in original equipment manufacturing have been built on the basis of providing large US retailers with inexpensive products. Much of this productive capacity has been built at the request of various retailers to parallel the production capacities of existing vendors in North America. But as US retailers have grown increasingly dependent on low-cost Asian manufacturing capacity, many Asian OEMs are beginning to become sensitive to the nature of their changing relationship with such companies as Wal-Mart, Home Depot, Lowe's, Best Buy and others.
Watching China for next wave of dot-bombs (June 16, 2006) MarketWatch news - Some of the nation's Internet stocks may have risen too high, too fast. As investors have sold off foreign stocks during the last six weeks, stocks of China-based companies have remained the most resilient.
CNOOC shares rise on huge discovery (June 16, 2006) China Knowledge - Shares in CNOOC Ltd, China's largest offshore oil producer, rose as much as 8.6% after its Canadian partner found a natural gas field big enough to supply China for four years.
China Sugar Group Eyes $205 Mln HK IPO (June 16, 2006) CRIEnglish - Chinese sugar producer Guangxi State Farm Group wants to raise at least HK$1.6 billion (US$205 million) by spinning off its sugar unit in an initial public offering in Hong Kong later in 2006.
The East is (Johnnie Walker) Red (June 16, 2006) Asia Times - These days, it seems, Johnnie Walker is as Chinese as taking your shoes off at the door.
Sany Poised to Make Hostile Bid for Rival (June 16, 2006) CRIEnglish - China could soon witness a rare hostile takeover battle after the chief executive of Sany Heavy Industry insisted his company would make a bid this month for rival Xugong Group Construction Machinery, which then dismissed him as "irresponsible."
DuPont Expects China Sales Growth to Quicken (June 16, 2006) CRIEnglish - DuPont Co. , the second-largest U.S. chemicals maker, expects sales growth in China to accelerate as it expands its workforce by as much as 9 percent annually.
Asset investment soars (June 16, 2006) Shanghai Daily - Investment in factories, infrastructure and real estate increased in the first five months of the year, despite efforts by the Chinese government to cool off the country's booming economy.
HK Disneyland eyes summer season crowds (June 16, 2006) Shanghai Daily - Foreign and domestic private enterprises are calling for greater access to the Chinese refined oil products wholesale market in response to new market regulations.
JPMorgan can sell A-shares fund in HK (June 16, 2006) Shanghai Daily - JPMorgan Chase and Co, the third-largest US bank, has been approved to sell Hong Kong's first fund investing in China's A-share market.
China Mobile tests new service (June 16, 2006) People’s Daily - China Mobile Communications Corp, the larger of the country's two mobile operators, has launched an instant messaging (IM) service trial with its own brand.
Designer meets his match in Nike (June 16, 2006) People’s Daily - Nike did not plagiarize a Chinese designer's "matchman" character in an advertisement, the Beijing High People's Court ruled.
Construction Bank sells 960 million yuan in mortgage assets (June 16, 2006) People’s Daily - China Construction Bank announced Friday it has sold a mortgage assets portfolio with a book value of 960 million yuan (120 million U.S. dollars) to a French bank and asset management company.
China adopts anti-dumping measures against imported wear resistant overlay (June 16, 2006) People’s Daily - China's Ministry of Commerce (MOC) said on Friday that it will adopt temporary anti-dumping measures against a critical component used in the installation of laminate flooring which is produced in the United States and the European Union.
Tariffs on imported autos, parts to decline (June 16, 2006) Shanghai Daily - China will further cut tariffs on imported automobiles and components on July 1, the last step in opening up the auto sector under commitments made during its bid to join the World Trade Organization.
Shenzhen Airport to expand (June 16, 2006) Shanghai Daily - Shenzhen Airport will expand its flying area and facilities, including a new runway, by investing 5.93 billion yuan (US$741.25 million) to meet the demand of growing air transport and ensure flight safety.
Watching China for next wave of dot-bombs (June 16, 2006) MarketWatch news - Some of the nation's Internet stocks may have risen too high, too fast. As investors have sold off foreign stocks during the last six weeks, stocks of China-based companies have remained the most resilient.
CNOOC shares rise on huge discovery (June 16, 2006) China Knowledge - Shares in CNOOC Ltd, China's largest offshore oil producer, rose as much as 8.6% after its Canadian partner found a natural gas field big enough to supply China for four years.
China Sugar Group Eyes $205 Mln HK IPO (June 16, 2006) CRIEnglish - Chinese sugar producer Guangxi State Farm Group wants to raise at least HK$1.6 billion (US$205 million) by spinning off its sugar unit in an initial public offering in Hong Kong later in 2006.
The East is (Johnnie Walker) Red (June 16, 2006) Asia Times - These days, it seems, Johnnie Walker is as Chinese as taking your shoes off at the door.
Sany Poised to Make Hostile Bid for Rival (June 16, 2006) CRIEnglish - China could soon witness a rare hostile takeover battle after the chief executive of Sany Heavy Industry insisted his company would make a bid this month for rival Xugong Group Construction Machinery, which then dismissed him as "irresponsible."
DuPont Expects China Sales Growth to Quicken (June 16, 2006) CRIEnglish - DuPont Co. , the second-largest U.S. chemicals maker, expects sales growth in China to accelerate as it expands its workforce by as much as 9 percent annually.
Asset investment soars (June 16, 2006) Shanghai Daily - Investment in factories, infrastructure and real estate increased in the first five months of the year, despite efforts by the Chinese government to cool off the country's booming economy.
HK Disneyland eyes summer season crowds (June 16, 2006) Shanghai Daily - Foreign and domestic private enterprises are calling for greater access to the Chinese refined oil products wholesale market in response to new market regulations.
JPMorgan can sell A-shares fund in HK (June 16, 2006) Shanghai Daily - JPMorgan Chase and Co, the third-largest US bank, has been approved to sell Hong Kong's first fund investing in China's A-share market.
China Mobile tests new service (June 16, 2006) People’s Daily - China Mobile Communications Corp, the larger of the country's two mobile operators, has launched an instant messaging (IM) service trial with its own brand.
Designer meets his match in Nike (June 16, 2006) People’s Daily - Nike did not plagiarize a Chinese designer's "matchman" character in an advertisement, the Beijing High People's Court ruled.
Construction Bank sells 960 million yuan in mortgage assets (June 16, 2006) People’s Daily - China Construction Bank announced Friday it has sold a mortgage assets portfolio with a book value of 960 million yuan (120 million U.S. dollars) to a French bank and asset management company.
China adopts anti-dumping measures against imported wear resistant overlay (June 16, 2006) People’s Daily - China's Ministry of Commerce (MOC) said on Friday that it will adopt temporary anti-dumping measures against a critical component used in the installation of laminate flooring which is produced in the United States and the European Union.
Tariffs on imported autos, parts to decline (June 16, 2006) Shanghai Daily - China will further cut tariffs on imported automobiles and components on July 1, the last step in opening up the auto sector under commitments made during its bid to join the World Trade Organization.
Shenzhen Airport to expand (June 16, 2006) Shanghai Daily - Shenzhen Airport will expand its flying area and facilities, including a new runway, by investing 5.93 billion yuan (US$741.25 million) to meet the demand of growing air transport and ensure flight safety.
posted by Administrator at 8:55 PM
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