zondag, augustus 29, 2004
China faces up to task of sustaining red-hot growth
Beyond the present preoccupation with whether China can gently deflate an investment bubble lies an even more urgent question: can the world?s seventh-largest economy shift the emphasis on growth from quantity to quality? (bron: Daily Times)
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zaterdag, augustus 28, 2004
China Life 1H Net Falls 10% On Investment Losses
China Life Insurance Co. (LFC) said its first-half net profit fell 10% on year because of losses on China's volatile securities market, but it pointed to strong growth in new insurance business as a sign its core operations remain sound. The country's largest life insurer, which listed in Hong Kong and New York late last year, said its gross premiums and policy fees grew 37% to 34.67 billion yuan ($1=CNY8.28) in the six months ended June - far faster than the 6.5% growth in revenue for the Chinese life insurance industry as a whole. That boosted its market share to just over 50%, from 45% at the end of 2003. (bron: Yahoo Finance Singapore)
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It's getting tough for China's phone firms
When it came to telecoms, a decade ago, Chinese barely whispered. China's fixed network was shabby. Today, at June-end, China had 305 m cellular subscribers and 295 m fixed-line users, making it largest market in world for both and fastest growing anywhere. (bron: The Times of India)
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donderdag, augustus 26, 2004
Vergrijzing tempert groei China
De Chinese bevolking, nu meer dan een miljard mensen, vergrijst snel. Meer dan 7 procent is momenteel ouder dan 65 jaar. Dat percentage zal in 2050 oplopen tot ongeveer 24. (bron: De Twentsche Courant Tubantia)
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Bank of China edges closer to listing
Bank of China has formally reorganised itself into a joint-stock company, a major step by the country's top foreign exchange bank towards a highly anticipated stock listing. The move created Bank of China Co Ltd, which took control of all the former entity's assets, debts, employees and business, the central bank said in a statement yesterday. (bron: The Star Online)
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China Gas to increase its stake in five ventures
Hong Kong-listed China Gas Holdings Ltd, a gas pipeline construction firm, will spend a total of HK$94.57 million (US$12.1 million) increasing its stake in five gas ventures on the Chinese mainland, according to Wednesday's China Daily. Analysts say it is a fresh move from overseas investors to cash in as the clean and cheap energy is in great demand in China to fuel the economy and supply its dense population. (bron: Xinhuanet)
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Mobile phone users hit 310m in China
Mobile phone subscribers in China increased by 40.3 million to 310 million as of the end of July. According to the Ministry of Information and Industry statistics, China's fixed-line subscribers increased by 36.2 million to a total of 299 million in the same period. (bron: Chinadaily)
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maandag, augustus 16, 2004
Chinese directiesalarissen openbaar
Om corruptie tegen te gaan heeft de regering van China de directeuren van Chinese staatsbedrijven opdracht gegeven hun salarissen openbaar te maken. (bron: De Financiƫle Telegraaf)
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zondag, augustus 15, 2004
China, India ready for big gains in world textiles trade
China and India stand to at least triple their individual shares of the US clothing market after textile import quotas are abolished worldwide next year, a World Trade Organisation study said. The two countries also are poised to make gains in other major textiles markets in the European Union, according to a WTO discussion paper on the impact of the end of a 40-year-old regime of textile quotas. (bon: Channel NewsAsia)
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Challenges facing China
In the past 25 years, China has made great strides in its economic development and transition to a market economy. It has emerged as one of the major powers in the international arena, and the pace of economic reforms is accelerating with the implementation of the nation's commitments to the World Trade Organization. (bron: Chinadaily)
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