dinsdag, maart 30, 2004

 

China Unicom reports 31.2 percent rise in operating revenue

Chinese telecom giant China Unicom released here Monday that its operating revenue reached 59.8 billion yuan last year, up 31.2 percent over 2002. The company, listed in Hong Kong, New York and Shanghai, earneda net profit of 2.33 billion yuan in 2003, a year-on-year rise of 6.3 percent, the company said. (bron: Xinhuanet)
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maandag, maart 29, 2004

 

Yangtze Power expects strong rise in profits

China Yangtze Power Co, which sells electricity generated from the world's largest dam, said it made better-than-expected profits last year and expects a stronger performance this year as its generators spin more electricity. (bron: Xinhuanet)
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zaterdag, maart 27, 2004

 

Starbucks in China

Op zoek naar de economische elite van China? De groep dertigers en veertigers, die de top vormt van wat wel een opkomende middenklasse wordt genoemd? En die, als ze ruimte krijgen, in de toekomst een klasse zal zijn, waar de politiek niet omheen kan. En die dus in belangrijke mate de politieke agenda van China zal gaan bepalen, of de 'communisten' nu willen of niet. (bron: Haagsche Courant)
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Corus verhoogt staalprijzen

Het Brits-Nederlandse staalconcern Corus gaat de verkoopprijzen voor staal flink verhogen. Vanaf 1 juli wordt staal tot 20 procent duurder. Het concern hoopt daarmee te profiteren van de sterk groeiende vraag naar staal op de wereldmarkt, maar vooral vanuit China. Dat land legt beslag op ongeveer 30 procent van het wereldwijde aanbod. (bron: Eindhovens Dagblad)
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China Unicom Shrs Slump On Disappointing Results

Shares in China Unicom Ltd. (CHU) tumbled 12% Friday after the company reported weak 2003 earnings and performed worse than expected in the fourth quarter on intensifying market competition. The company, the listed unit of China's second largest mobile operator, said its net profit for the 12 months ended Dec. 31 was 4.22 billion yuan ($1=CNY8.28), down 8.3% from CNY4.60 billion a year earlier. The results were below the market expectation of CNY4.95 billion, according to a poll of nine analysts by Dow Jones Newswires. (bron: Yahoo Singapore Finance)
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donderdag, maart 25, 2004

 

India, China mull FTA

India and China have decided to work out a five-year programme for enhancing economic cooperation, including a free trade agreement. (bron: Business Standard)
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woensdag, maart 24, 2004

 

PetroChina posts profit in 2003

PetroChina Company Limited (PetroChina) announced Wednesday a net profit of 69.614 billion yuan (8.38 billion US dollars) in 2003, up 48.40 percent from the same period in 2002. This is PetroChina's best-ever performance since its initial public offering (IPO) in April 2000. For the first time, the company realized full profitability in all four business segments. (bron: Xinhuanet)
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Chinese staalhonger teistert rijke landen

De sterke stijging van de staalprijzen als gevolg van enorme vraag uit China veroorzaakt steeds meer problemen in de westerse landen. (bron: De Financiële Telegraaf)
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Crude imports to exceed 100 mln tons

China's annual crude oil imports will exceed 100 million tons this year, according to a report by the Ministry of Commerce issued Tuesday. China's oil market will keep booming and the supply will meet demand on the whole, the report said, predicting China's annual consumption of crude oil to reach 270 million tons this year. (bron: Xinhuanet)
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Industrial profits up 38.2% Jan-Feb

China's industrial firms recorded143.79 billion yuan (17.5 billion US dollars) in profits in the first two months of this year, up 38.2 percent from a year earlier, the National Bureau of Statistics reported Tuesday. (bron: Xinhuanet)
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maandag, maart 22, 2004

 

China zet weblogs op zwart

De Chinese autoriteiten hebben twee internetsites gesloten waarop tienduizenden mensen een weblog bijhielden. Volgens de autoriteiten was de geplaatse content in sommige gevallen ‘aanstootgevend’. (bron: De Telegraaf)
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Beijing reports sharp import rise

Capital city Beijing reported a 38.8 percent year-on-year rise in imports in the first two months of this year, according to customs figures obtained here Sunday. The city's imports in January and February added up to 10.355 billion US dollars, while exports totaled 2.354 billion US dollars,down 0.6 percent over the same period of last year, figures suggest. (bron: Xinhuanet)
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China should boost development of service sector

China should focus on the development of the service sector in its effort to shift from extensive to intensive growth, said a senior Chinese official Sunday at a forum on China's balanced development. (bron: Xinhuanet)
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Wall Street Goes Cold on China IPO Deals

China was hot a month ago, but now Wall Street has given the cold shoulder to initial public offerings from the People's Republic. The $1.8 billion IPO of Semiconductor Manufacturing International Corp. (SMIC) (SMI.N: Quote, Profile, Research) fizzled last week, while two other recent Chinese deals -- Linktone (LTON.O: Quote, Profile, Research) and TOM Online Inc. (TOMO.O: Quote, Profile, Research) -- have had anemic after-market performances. All three have fallen below their IPO trading prices. (bron: Reuters.com)
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zondag, maart 21, 2004

 

China to play vital role in rebounding world economy

Stephen Roach, chief economist of US-based leading investment bank Morgan Stanley, said that China's economy has integrated into the world economy and China's economic development would play a vital role in reviving the world economy. (bron: Xinhuanet)
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zaterdag, maart 20, 2004

 

Risk of China economic collapse overblown

A growing number of economists and analysts have become alarmed that economic growth in China is severely overheated. This overheating has raised concerns that China is on the brink of economic collapse. (bron: FinanceAsia)
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Hoge staalprijs leidt tot problemen

Staalhandelaren en -afnemers hebben grote last van de sterk stijgende prijzen. Doordat China veel schroot en ertsen koopt, ontstaat op de Europese markt een tekort en schieten de prijzen omhoog. Met grote gevolgen voor lokale bedrijven en de werkgelegenheid. (bron: Provinciale Zeeuwse Courant)
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China 'begrijpt niets' van WTO-klacht VS

De Chinese regering is ,,in verwarring'' over de klacht die de Verenigde Staten hebben ingediend bij de Wereldhandelsorganisatie (WTO). ,,We waren in normaal overleg met de VS en begrijpen dit echt niet'', aldus vrijdag het Chinese ministerie van Handel. (bron: Eindhovens Dagblad)
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Semiconductor maker's shares drop in HK stock debut

The public offering of Semiconductor Manufacturing International Corp (SMIC), the biggest of its kind on the Chinese mainland, made a weak debut in Hong Kong on March 18, but company executives and analysts believe it won't reduce its attractiveness for market players. (bron: Xinhuanet)
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donderdag, maart 18, 2004

 

Bumper payout for Beijing Datang investors

Beijing Datang Power says it will reward shareholders by paying out half of its earnings as dividends on an ongoing basis. "After taking investors' return and the company's development into account, we think the former is more important, so we've decided to keep a 50 per cent stable payout - provided no special event happens,'' chairman Zhai Ruoyu said in Hong Kong yesterday, a day after the company reported a 29 per cent jump in 2003 net profit to 1.8 billion yuan (HK$1.7 billion). (bron: The Standard)
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China Mobile profit increased 9% in 2003

China Mobile (Hong Kong) posted a 9 percent increase in net profit for 2003 on Thursday, slower than the rate of growth in 2002 - an indication that the mobile telecommunications market in China continues to mature. (bron: International Herald Tribune)
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woensdag, maart 17, 2004

 

Shell verkoopt aandelen Sinopec voor 600 mln euro

Shell heeft zijn belang van ongeveer 2,2 procent in de Chinese oliemaatschappij Sinopec verkocht. De 1,9 miljard aandelen zijn geplaatst op de effectenbeurs voor 3,125 Hongkong-dollar per stuk. (bron: De Financiële Telegraaf)
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China, EU consolidate partnership

China and the European Union (EU) Tuesday pledged to forge ahead their comprehensive strategic partnership via co-operation in various sectors, including joint efforts to fight terrorism. Both Premier Wen Jiabao and EU Council Secretary-General Javier Solana expressed willingness to develop such a relationship during their talks in Beijing. (bron: Chinadaily)
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China expresses willingness to further expand trade with US

Chinese Minister of Commerce Bo Xilai said here Tuesday that China is willing to further expand trade with the United States and welcomes US enterprises to participate in Chinese market competition. (bron: Xinhuanet)
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dinsdag, maart 16, 2004

 

Proposed mutual funds give boost to stock market

The prospect of new mutual funds hitting the market pushed stock prices in Shanghai to a two-year high yesterday behind strong performances of petrochemical and power companies. (bron: Xinhuanet)
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S&P maintains its rating on China's CNOOC

The Standard & Poor's Ratings Services said Tuesday that its rating on China's CNOOC would not be affected by the company's announcement of a substantial increase in net profit for fiscal 2003, because the results are within Standard & Poor's expectations. (bron: Xinhuanet)
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China to lift restrictions on foreign investment in retailing

China will lift restrictions on foreign investment in retailing, including restrictions on foreign ownership and numbers of branches, before December 11, said ZhangZhigang, vice commerce minister of China, at a national meeting on Tuesday. (bron: Xinhuanet)
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maandag, maart 15, 2004

 

Prices bolster China oil majors

High global energy prices and booming demand in China are expected to have boosted profits at PetroChina Ltd. and Sinopec Corp. in late 2003, but costs are expected to eat into 2004 earnings. (bron: Xinhuanet)
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China shuts down 677 state newspapers

Since the Chinese government started to reform state-owned newspapers seven months ago, 677 government and Party newspapers have been shut down, with previous subscribers of a total of 1.8 billion yuan (some 217 million US dollars) in compulsory fees. (bron: Xinhuanet)
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Nieuwe grondwet China: bescherming mensenrechten

China heeft zondag zijn grondwet gewijzigd. De constitutie van het land waar de meeste mensen leven, moet betere waarborgen gaan bieden voor de mensenrechten. Ook stemde het Volkscongres, het Chinese parlement, in met bescherming van het particulier eigendom. (bron: Eindhovens Dagblad)
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China Mobile tipped to post 8.6pc jump in earnings

China Mobile (Hong Kong) is expected to report an 8.6 per cent increase in earnings for 2003, driven by strong growth in subscriber numbers. The world's largest mobile carrier by subscribers is likely to post a net profit of 35.5 billion yuan (HK$33.37 billion) for the year to the end of December when it releases its results on Thursday, according to the earnings estimates of seven investment banks. (bron: The Standard)
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zaterdag, maart 13, 2004

 

Beleggen in India - Een aantrekkelijk alternatief

India komt de laatste tijd eigenlijk alleen maar negatief in het nieuws als 'outsourcing' land en als grote bedreiging voor de werkgelegenheid in de Westerse economieën. Weinigen staan stil bij het feit dat de economische groei in India dit jaar wordt geschat op zo'n 8%. De Mumbai Stock Exchange Sensitive Index, de BSE of Sensex, steeg in 2003 met maar liefst 73%. (bron: De Financiële Telegraaf)
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China Construction Bank Confirms IPO Mandates-Sources -2-

China Construction Bank (Q.CCB), the country's third-largest lender, Friday extended formal invitations to three investment banks to arrange its initial public offering, people involved with the deal said. The bank plans to become the first Chinese company to list in Hong Kong, the U.S. and on the mainland at the same time, by the end of this year at the earliest, the people said. (bron: Yahoo Singapore Finance )
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China slams US for abusing trade rules

China yesterday slammed the United States for abusing global trade rules and hurting the Chinese economy in a first-ever report commissioned by the Commerce Ministry to scrutinise US trade policies. The report, parts of which were carried in the official China Daily, said US practices often ran counter to World Trade Organisation (WTO) standards, and blamed 'vested interests' for making US trade policies more protectionist, especially because this is an election year. (bron: The Straits Times)
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vrijdag, maart 12, 2004

 

China National Offshore in 2 billion gas project

China National Offshore Oil, China's third-largest oil company, and Zhejiang Province on Thursday agreed to spend $2 billion on the nation's third liquefied natural gas venture to meet rising demand along the coast south of Shanghai. (bron: International Harold Tribune)
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Tough targets set for China's state banks

China's banking regulator has set tough performance targets for two leading state lenders chosen to spearhead financial sector reform by cleaning up their books and selling shares to international investors. (bron: Financial Times)
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China won't back down on chips

Chinese officials said Thursday that they would not back down on a plan to require computer makers to adopt a new standard for encrypting wireless communications despite a pledge by the chipmaker Intel to halt sales of its Centrino technology in China. (bron: International Harold Tribune)
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donderdag, maart 11, 2004

 

China will further economic ties with neighbors

Chinese Minister of Commerce Bo Xilai said here Wednesday that China will further strengthen economic ties with neighboring countries and regions. Bo made the remarks while meeting with guests from Pakistan, India, Japan and Hongkong. (bron: Xinhuanet)
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American Alternative to China

With all the hoopla, hype, and colored balloons surrounding Chinese IPOs in U.S. markets, a great deal of debate is swirling as to whether the Chinese economy is overheated or inflated to the point of bursting. Regardless of the answer, the frenzy equates to added risk on top of an already extremely high degree of risk. (bron: The Motley Fool)
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dinsdag, maart 09, 2004

 

China needs 220 bln yuan for natural gas industry by 2020

China will need 220 billion yuan (27 billion US dollars) invested in developing its natural gas industry by 2020, said an official with the State Development and Reform Commission (SDRC) on Monday. (bron: Xinhuanet)
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China steps up monitoring of foreign banks

China's banking watchdog said Monday it will tighten monitoring of foreign banks by following the financial performances of both the parent company and its branches and smaller outlets. (bron: Xinhuanet)
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China plans projects to ease power shortages

China outlined plans on Monday to smooth out some of the transport bottlenecks and ease the shortages of power and raw materials that are applying inflationary pressure and slowing growth in the world's fastest expanding large economy. (bron: Financial Times)
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China to continue fixed-currency policy

China's fixed-currency policy will be around for 'a long time to come' and speculators that bet on a yuan appreciation, will end up paying a heavy price, the country's foreign exchange chief said. (bron: The Times of India)
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maandag, maart 08, 2004

 

China wijkt steeds verder van communisme

China komst steeds verder af te staan van de idealen waarvoor meer dan 80 jaar geleden de communistische partij werd opgericht. Het parlement, dat de komende tien dagen bijeen is, zal een grondwetswijziging goedkeuren, die privé-bezit beter moet beschermen. En daarmee wordt officieel een streep gezet onder het gemeenschappelijk bezit van alle productiemiddelen. (bron: BN/DeStem)
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China? Er nu snel bij zijn

Bedrijven die overwegen om de Chinese markt op te gaan, moeten haast maken. 'Als ze wat willen, moeten ze er nu snel bij zijn', constateert Annemarie Startman, bedrijfsvoorlichtster internationale handel van de Kamer van Koophandel Veluwe en Twente. (bron: De Twentsche Courant Tubantia)
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zaterdag, maart 06, 2004

 

China offers to play constructive role in easing Indo-Pak ties

Welcoming the easing of tensions between India and Pakistan, China on Saturday offered for the first time to play a 'constructive role' in the peace process in South Asia if both New Delhi and Islamabad desired so. (bron: Hindustan Times)
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China's reliance on global oil market to mount in 2004

China is expected to import 120 million tons of oil, including more than 90 million tons of crude oil, to fuel high GDP growth this year, with the nation's dependence on the world oil market bound to aggravate. (bron: Xinhuanet)
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China races against time in reform of State-owned commercial banks

China vowed Saturday to get its major State-owned commercial banks ready for challenges from theiroverseas rivals before 2006, in what experts described as a move vital to the country's development in coming two decades. (bron: Xinhuanet)
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CCB plans simultaneous listings

China Construction Bank, one of the country's four largest State-owned banks, said yesterday it plans to list its shares simultaneously on stock exchanges in Hong Kong, New York and on the mainland. (bron: Xinhuanet)
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Steeds meer klinkt in parlement stem van gewone Chinees

Het Chinese parlement, officieel het Nationaal Volkscongres genoemd, begint vandaag zijn jaarlijkse vergadering. Het congres lijkt door de allesoverheersende Communistische Partij steeds serieuzer te worden genomen. (bron: De Gelderlander)
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No interest rate hike in sight

People's Bank of China Governor Zhou Xiaochuan pledged on Friday the nation will not raise the renminbi interest rate in the short term. The central bank chief's remarks came in response to a debate among economists in recent weeks on whether the government needs to resort to a rate hike to counter continually rising consumer prices and investment growth. (bron: Xinhuanet)
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Main development tasks set for 2004

China stressed coordinated and sustainable economic and social development in setting main regulatory targets, and major tasks for economic and social development in 2004, the country's top legislature was told Saturday. Ma Kai, minister in charge of the State Development and Reform Commission, made the remarks in his report to the legislature on the implementation of the 2003 Plan for National Economic and Social Development and on the 2004 Draft Plan for National Economic and Social Development. (bron: Xinhuanet)
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Investors inundate Chinese company with share orders

Semiconductor Manufacturing International Corp, China's biggest chip-maker, will increase its initial share sale by 12 percent after investors ordered six times the shares available, said bankers close to the sale. The company may raise as much as HK$14 billion (US$1.8 billion) selling about 5.15 billion shares at between HK$2.41 and HK$2.72 each. That's equivalent to between US$15.50 and US$17.50 for its American depositary receipts, said the bankers who declined to be identified. It first offered 4.545 billion shares. (bron: Taipei Times)
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China to encourage grain farmers with direct subsidies

Premier Wen Jiabao said Friday at the opening of the Second Session of the Tenth National People's Congress that problems concerning agriculture, rural areas and farmers were top priority in all government work this year. (bron: Xinhuanet)
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vrijdag, maart 05, 2004

 

Analisten: Bod op Rodamco Asia aan magere kant

Het bod van ING op Rodamco Asia is aan de magere kant, vindt ABN Amro. 'Het is echter een gedane deal; het management staat erachter,' aldus de bank. (bron: De Financiële Telegraaf)
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Rodamco Asia van de beurs na slagen bod

ING Real Estate gaat vrijwel zeker Rodamco Asia inlijven. De vastgoedpoot van de bankverzekeraar brengt een bod uit van 18,00 euro per aandeel op zijn branchegenoot. Het bod is inclusief het dividend over het op 29 februari ge?indigde boekjaar. Het biedingsbericht verschijnt naar verwachting uiterlijk 5 april aanstaande. (bron: De Financiële Telegraaf)
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donderdag, maart 04, 2004

 

TCL reports surging profits

China's largest television and cell phone producer by market capitalization, posted a 34.4 percent jump in 2003 net profit thanks to strong sales. (bron: Xinhuanet)
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Wealth gap in China set to become largest in the world

The income gap between rural and urban residents in China has grown wider in the past five years and could be the largest in the world, which may undermine social stability in the most populous nation, a survey has cautioned. (bron: Hindustan Times)
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China restates policy on keeping yuan rate

China's central bank on Wednesday reaffirmed its policy of keeping the
yuan's fixed exchange rate, a day after the US Federal Reserve chairman,
Alan Greenspan, warned that buying dollars to support the peg might cause the economy to overheat. (born: International Herald Tribune)
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Tesco may buy stake in China grocer

Tesco, the largest British food retailer, may buy a 50 percent
stake in 25 hypermarkets in China, where it lags Carrefour and Wal-Mart
Stores, people familiar with the plan said Wednesday. (bron: International Herald Tribune)
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woensdag, maart 03, 2004

 

Het beloofde land heet China

China, het beloofde land. Dat is althans het beeld dat veel bedrijven van deze communistische staat schetsen. Heineken, Aegon, Akzo Nobel, Shell, ABN Amro en Philips hebben de laatste twaalf maanden allemaal geld in China gestoken. (bron: BN/DeStem)
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maandag, maart 01, 2004

 

KPN uit Chinees bedrijf na beursgang

KPN ziet in de aanstaande beursgang van China Resources Peoples Telephone, een 'goede mogelijkheid' om van haar 8%-belang in de mobiele operator uit Hong Hong af te komen, zegt woordvoerder Bram Oudshoorn vrijdag tegen Dow Jones Nieuwsdienst. (bron: De Financiële Telegraaf)
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