News for June 28, 2006
China gets a spurt of new energy (June 28, 2006) Asia Times Online - To help ease its oil shortage while reducing its increasing reliance on oil imports, China is putting effort and money into research and development for new sources of energy, in addition to speeding up its ambitious coal-to-liquid fuel projects, intended to convert the country's abundant coal resources into liquid fuel.
China discloses $1.1 billion bank fraud (June 28, 2006) MSNBC - The Chinese government disclosed $1.1 billion worth of fraud at one of the country's largest state-owned banks this week, underscoring the risks confronting foreign investors as they seek big stakes in China's precarious banking system.
Chinese, English Speakers Vary at Math (June 28, 2006) NewsMax.com - Things add up differently for native English speakers compared with people who learned Chinese as a first language. Simple arithmetic was easily done by both groups, but they used different parts of the brain, a new study shows.
US firms in China awarded for social responsibility (June 28, 2006) China Economic Net - U.S. firms Merck Sharp and Dohme and UPS China were given the U.S. Secretary of State's Award for Corporate Excellence. The Award for Corporate Excellence emphasizes the important role U.S. businesses play to promoting the best practices and good corporate governance.
Wary firms 'can't afford to ignore China' (June 28, 2006) Times Online - British companies are still being put off doing business in China by fears over protection of their intellectual property rights, according to a senior diplomat.
China’s government administers shot in arm to outsource services (June 28, 2006) Shanghai Daily - The government will invest 100 million yuan (US$12.5 million) annually in the next three to five years to support outsource service firms.
Yangshan Port lures international freight (June 15, 2006) Shanghai Daily - Shanghai cut shipment transfer fees at its newly opened Yangshan Deep-Water Port last month as the city strives to compete with neighboring Ningbo Port. The move came just before peak season and before the opening of the second phase of the Yangshan port, which will be China's biggest container port when construction is completed at the end of this year.
China discloses $1.1 billion bank fraud (June 28, 2006) MSNBC - The Chinese government disclosed $1.1 billion worth of fraud at one of the country's largest state-owned banks this week, underscoring the risks confronting foreign investors as they seek big stakes in China's precarious banking system.
Chinese, English Speakers Vary at Math (June 28, 2006) NewsMax.com - Things add up differently for native English speakers compared with people who learned Chinese as a first language. Simple arithmetic was easily done by both groups, but they used different parts of the brain, a new study shows.
US firms in China awarded for social responsibility (June 28, 2006) China Economic Net - U.S. firms Merck Sharp and Dohme and UPS China were given the U.S. Secretary of State's Award for Corporate Excellence. The Award for Corporate Excellence emphasizes the important role U.S. businesses play to promoting the best practices and good corporate governance.
Wary firms 'can't afford to ignore China' (June 28, 2006) Times Online - British companies are still being put off doing business in China by fears over protection of their intellectual property rights, according to a senior diplomat.
China’s government administers shot in arm to outsource services (June 28, 2006) Shanghai Daily - The government will invest 100 million yuan (US$12.5 million) annually in the next three to five years to support outsource service firms.
Yangshan Port lures international freight (June 15, 2006) Shanghai Daily - Shanghai cut shipment transfer fees at its newly opened Yangshan Deep-Water Port last month as the city strives to compete with neighboring Ningbo Port. The move came just before peak season and before the opening of the second phase of the Yangshan port, which will be China's biggest container port when construction is completed at the end of this year.
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