Monthly Archives: April 2009
China Zhongwang Prices $1 Billion-Plus IPO
Word is that China Zhongwang got $1.3 billion from its initial public offering in Hong Kong. That was less than the $1.6 billion it was looking for, but would still make it the first billion dollar IPO since China South … Continue reading
Filed under Markets
First Cross-Strait M&A Deals Struck
An unsourced report in Taiwan’s Commercial Times (here via Bloomberg) says that some of the first companies on the island to offer to sell stakes in themselves to Chinese companies may include state-owned ones. Chinese companies will be able to … Continue reading
Filed under China-Taiwan, Economy
Mexican Swine ‘Flu And Memories Of SARS
It says something about the unpredictable nature of global pandemics that while a couple of years back the next global outbreak was expected to be of avian ‘flu from China, it turns out that Mexican swine ‘flu is what we … Continue reading
Filed under Economy, Politics & Society
Chery Planning Car Plant In Brazil
A Brazilian newspaper, O Estado de S. Paulo, reports that Chery Automobile is going to start making cars in the country within a couple of years. It says a new plant will have annual production capacity of 150,000 vehicles, which … Continue reading
Filed under China-Latin America, Economy
China Becomes A Gold Bug
China says it is now the world’s fifth largest holder of gold. Hu Xiaolian, head of the State Administration of Foreign Exchange, told Xinhua that China’s gold reserves stood at 1,054 tonnes at the end of 2008. That is up … Continue reading
Beijing Suggests China’s Farmers Stay At Home
We noted earlier this year that Chinese farmers were looking to till African and Latin American soil, with a couple of examples of groups of Chinese families farming on those continents and exporting back to China. Now Niu Dun, China’s … Continue reading
Filed under China-Africa, China-Latin America, Economy
Great Wall Measured
The Great Wall — the “long wall of 10,000 li” — is not immeasurable, after all. In February, a four-year survey of the wall, planned to be the first detailed mapping, was announced. The first outcome is a finding that … Continue reading
Filed under Politics & Society
Shanghai Auto Show Takes Centre Stage
This Bystander is looking forward to the Shanghai Auto Show this week. The show was once a minor attraction on the global auto industry’s calendar. Now it has become a star turn, reflecting the Chinese market’s importance to carmakers around … Continue reading
Filed under Economy
Eight Percent Growth And Damn The Torpedoes
Beijing has set itself a target of 8% GDP growth for the year and by hook or by crook it will get there. First quarter growth, announced earlier this week, came in at 6.1%, its slowest pace since quarterly GDP … Continue reading
Filed under Economy
