Newsflash

China says U.S. move on imported Chinese-made fastener "rational"
The U.S. rejection of an anti-dumping inquiry against China-made steel fasteners was "rational", a Chinese commerce official said Monday.
 
China pledges $10 bln in loans to Africa
The Fourth Ministerial Conference of the China-Africa Cooperation Forum (FOCAC) opened in the Egyptian Red Sea resort of Sharm el-Sheikh on Sunday.
 
China's Evergrande Starts Trading in HK
Chinese Property developer Evergrande Real Estate was listed on the Hong Kong stock market on Thursday, the Beijing Morning Post reports.
 
ChiNext Makes Strong Debut
ChiNextChina's ChiNext stock market , a long-awaited Nasdaq-style second board, kicked off trading on Friday with strong gains, Reuters reported. All 28 debutant stocks listed on ChiNext, part of the Shenzhen Stock Exchange in southern China, were halted for 30 minutes at least once after they rose 20 per…
 
China hopes for early normalization of Sino-U.S. poultry trade
China hopes the United States can take active steps to eliminate discriminatory measures towards Chinese poultry products, said Yao Jian, spokesman of China's Ministry of Commerce, on Friday.
 
A weaker dollar or a large inflow of hot money increases the risk of inflation in China

The vice governor of Chinese Central Bank,  Ma Delun Tuesday said that the weaker dollar will increase the market expectations of RMB appreciation, which may lead to large capital inflows to China and increase the risk of inflation.

 
Chinese shares continue rising on economic optimism
Chinese equities climbed to one-month high Tuesday in active turnover on expectations of improving economic data, which were due for release Thursday.
 
CNPC in joint bid for Iraqi oil
The Iraqi government has approved a contract with a British-Chinese consortium to develop a prized oil field in southern Iraq, a significant achievement for a country that has struggled to attract foreign investors despite its vast natural resource wealth.
 
BorsodChem says agreed with Wanhua on debt plans

Hungarian chemicals firm BorsodChem has reached agreement with China's Wanhua Industrial Group under which Wanhua could become a minority stakeholder in BorsodChem and back its debt restructuring.

 
Dow and China Shenhua will restart the 10 billion U.S. dollars of coal chemical project

According to the news of Reuters on November 5, U.S. Dow Chemical Company will work with China Shenhua to restart in China's coal chemical project in Shanxi Province, the project is valued at 10 billion U.S. dollars.  The two sides have held the project's ceremony on November 3 .

 
ICBC, Bank of China Profits Beat Estimates on Lending

Industrial & Commercial Bank of China Ltd. and Bank of China Ltd. reported third-quarter profit that exceeded analysts’ estimates, buoyed by a loan surge and lower provisions for potential losses on loans and investments.

 
China, Taiwan to Set Up Tourism Offices on each side
China and Taiwan  will set up tourism offices on each side for the first time in 60 years, the latest step in thawing relations between the two economies.
 
China launches anti-dumping investigation into X-ray inspection system imported from EU
The Ministry of Commerce (MOFCOM) said Friday that it had started anti-dumping investigation into X-ray security inspection facilities imported from the European Union (EU).
 
China's automotive output hits 10 mln mark
FAWChina's production of automobiles since the beginning of this year hit 10 million units on Tuesday, making it the third country in the world to surpass the annual output mark, according to the China Association of Automobile Manufacturers (CAAM).
 
China's economic recovery to pick up momentum in 2010

China's economy has passed the worst and recovery will pick up momentum next year, according to a prominent Chinese economist.

 
China's Nasdaq-style GEM to start trading Oct. 30
The Shenzhen Stock Exchange (SSE) said Sunday that the first batch of firms is scheduled to be listed on China's Nasdaq-style Growth Enterprises Market (GEM) on October 30.
 
China's Super-rich Only Second to US
China's super-rich have bounced back from the financial crisis with a vengeance, and China now has more known dollar billionaires than any other country bar the United States, according to a new report released on Tuesday.
 
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