MY USTI.NET News: Chinese business news

MY USTI.NET News: Chinese business newsCopyright (c) 2007 USTINET Corporation. All rights reserved.http://news.usti.net/Chinese business newsen-usSat Nov 29 17:03:23 20082880MY USTI.NET News12336http://news.usti.net/http://rss.usti.net/xml_news.gif Work begins on China's tallest buildinghttp://news.usti.net/newsstory/world.asia.china.biz/2/wed/ai/Uchina-tower.Rn-7_INT.htmlwed/ai/Uchina-tower.Rn-7_INT.html1227977086Sat, 29 Nov 2008 16:44:46 GMT<a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/ai/Uchina-tower.Rn-7_INT.html"></a>SHANGHAI, China, Nov. 29 (UPI) -- Construction on China's tallest building, the 2,000-foot-tall Shanghai Center, got under way Saturday, officials said. <a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/ai/Uchina-tower.Rn-7_INT.html">Work begins on China's tallest building</a> SHANGHAI, China, Nov. 29 (UPI) -- Construction on China's tallest building, the 2,000-foot-tall Shanghai Center, got under way Saturday, officials said. (UPI) China expects record grain harvesthttp://news.usti.net/newsstory/world.asia.china.biz/2/wed/dg/Uchina-grainoutput.Rb0e_INP.htmlwed/dg/Uchina-grainoutput.Rb0e_INP.html1227614703Tue, 25 Nov 2008 12:05:03 GMT<a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/dg/Uchina-grainoutput.Rb0e_INP.html"></a>BEIJING, Nov. 25 (UPI) -- China's grain yield this year is expected to break the 1998 record of 512 million tons, a senior agriculture official said Tuesday. <a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/dg/Uchina-grainoutput.Rb0e_INP.html">China expects record grain harvest</a> BEIJING, Nov. 25 (UPI) -- China's grain yield this year is expected to break the 1998 record of 512 million tons, a senior agriculture official said Tuesday. (UPI) China to build another railway to westhttp://news.usti.net/newsstory/world.asia.china.biz/2/wed/di/Uchina-railway.Ry64_INP.htmlwed/di/Uchina-railway.Ry64_INP.html1227614703Tue, 25 Nov 2008 12:05:03 GMT<a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/di/Uchina-railway.Ry64_INP.html"></a>BEIJING, Nov. 25 (UPI) -- China says it will spend about $17.6 billion for a second rail link to northwestern Xinjiang Uighur, its major coal production region near Tibet. <a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/di/Uchina-railway.Ry64_INP.html">China to build another railway to west</a> BEIJING, Nov. 25 (UPI) -- China says it will spend about $17.6 billion for a second rail link to northwestern Xinjiang Uighur, its major coal production region near Tibet. (UPI) China to reduce income taxhttp://news.usti.net/newsstory/world.asia.china.biz/2/wed/cn/Uchina-incometax.RseJ_INL.htmlwed/cn/Uchina-incometax.RseJ_INL.html1227308738Fri, 21 Nov 2008 23:05:38 GMT<a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/cn/Uchina-incometax.RseJ_INL.html"></a>BEIJING, Nov. 21 (UPI) -- The Chinese government's head economist, Zhou Qiren, said Friday that the country's legislative body has agreed to tax reductions to stimulate the economy. <a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/cn/Uchina-incometax.RseJ_INL.html">China to reduce income tax</a> BEIJING, Nov. 21 (UPI) -- The Chinese government's head economist, Zhou Qiren, said Friday that the country's legislative body has agreed to tax reductions to stimulate the economy. (UPI) China to build pipeline through Myanmarhttp://news.usti.net/newsstory/world.asia.china.biz/2/wed/ac/Uchina-myanmarpipeline.R_Hd_INL.htmlwed/ac/Uchina-myanmarpipeline.R_Hd_INL.html1227252289Fri, 21 Nov 2008 07:24:49 GMT<a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/ac/Uchina-myanmarpipeline.R_Hd_INL.html"></a>BEIJING, Nov. 21 (UPI) -- China plans to proceed with a $2.5 billion oil and gas pipeline through Myanmar to connect its Yunnan province, with construction set to start next year. <a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/ac/Uchina-myanmarpipeline.R_Hd_INL.html">China to build pipeline through Myanmar</a> BEIJING, Nov. 21 (UPI) -- China plans to proceed with a $2.5 billion oil and gas pipeline through Myanmar to connect its Yunnan province, with construction set to start next year. (UPI) Regulator:Chinese banks face lower profitshttp://news.usti.net/newsstory/world.asia.china.biz/2/wed/bk/Uchina-banks.RiD5_INH.htmlwed/bk/Uchina-banks.RiD5_INH.html1226922289Mon, 17 Nov 2008 11:44:49 GMT<a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/bk/Uchina-banks.RiD5_INH.html"></a>BEIJING, Nov. 17 (UPI) -- Shrinking profits and rising bad loans are risks Chinese banks face in the current global financial environment, says the country's senior banking regulator. <a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/bk/Uchina-banks.RiD5_INH.html">Regulator:Chinese banks face lower profits</a> BEIJING, Nov. 17 (UPI) -- Shrinking profits and rising bad loans are risks Chinese banks face in the current global financial environment, says the country's senior banking regulator. (UPI) China to issue bond for stimulus planhttp://news.usti.net/newsstory/world.asia.china.biz/2/wed/co/Uchina-stimulusplan.RBzX_INE.htmlwed/co/Uchina-stimulusplan.RBzX_INE.html1226645687Fri, 14 Nov 2008 06:54:47 GMT<a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/co/Uchina-stimulusplan.RBzX_INE.html"></a>BEIJING, Nov. 14 (UPI) -- China's 4-trillion yuan, or $586 billion, economic stimulus plan is to be partly funded by a 1 trillion yuan treasury bond issue, officials said. <a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/co/Uchina-stimulusplan.RBzX_INE.html">China to issue bond for stimulus plan</a> BEIJING, Nov. 14 (UPI) -- China's 4-trillion yuan, or $586 billion, economic stimulus plan is to be partly funded by a 1 trillion yuan treasury bond issue, officials said. (UPI) Crude oil prices down on China reporthttp://news.usti.net/newsstory/world.asia.china.biz/2/wed/ac/Uus-energyprices.R5QK_INB.htmlwed/ac/Uus-energyprices.R5QK_INB.html1226495104Wed, 12 Nov 2008 13:05:04 GMT<a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/ac/Uus-energyprices.R5QK_INB.html"></a>NEW YORK, Nov. 12 (UPI) -- Crude oil prices slid to less than $59 a barrel Wednesday on a report that China's imports had declined in October. <a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/ac/Uus-energyprices.R5QK_INB.html">Crude oil prices down on China report</a> NEW YORK, Nov. 12 (UPI) -- Crude oil prices slid to less than $59 a barrel Wednesday on a report that China's imports had declined in October. (UPI) China inflation dips to 4 percenthttp://news.usti.net/newsstory/world.asia.china.biz/2/wed/do/Uchina-inflation.RBCE_INB.htmlwed/do/Uchina-inflation.RBCE_INB.html1226382895Tue, 11 Nov 2008 05:54:55 GMT<a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/do/Uchina-inflation.RBCE_INB.html"></a>BEIJING, Nov. 11 (UPI) -- China's inflation rate fell to 4 percent in October, making it less worrisome for the government to implement its economic stimulus package, officials said. <a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/do/Uchina-inflation.RBCE_INB.html">China inflation dips to 4 percent</a> BEIJING, Nov. 11 (UPI) -- China's inflation rate fell to 4 percent in October, making it less worrisome for the government to implement its economic stimulus package, officials said. (UPI) China says jumbo jetshttp://news.usti.net/newsstory/world.asia.china.biz/2/wed/ao/Uchina-jumbojets.RZlb_IN4.htmlwed/ao/Uchina-jumbojets.RZlb_IN4.html1225780496Tue, 04 Nov 2008 06:34:56 GMT<a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/ao/Uchina-jumbojets.RZlb_IN4.html"></a>BEIJING, Nov. 4 (UPI) -- China says its first indigenous jumbo jet will be airborne in about seven years. <a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/ao/Uchina-jumbojets.RZlb_IN4.html">China says jumbo jets</a> BEIJING, Nov. 4 (UPI) -- China says its first indigenous jumbo jet will be airborne in about seven years. (UPI) China central bank cuts lending ratehttp://news.usti.net/newsstory/world.asia.china.biz/2/wed/ax/Uchina-interestrates.RzFO_IOT.htmlwed/ax/Uchina-interestrates.RzFO_IOT.html1225323886Wed, 29 Oct 2008 23:44:46 GMT<a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/ax/Uchina-interestrates.RzFO_IOT.html"></a>BEIJING, Oct. 29 (UPI) -- China's central bank trimmed lending and deposit rates 0.27 percentage points Wednesday in an effort to put vitality into the country's slowing economy. <a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/ax/Uchina-interestrates.RzFO_IOT.html">China central bank cuts lending rate</a> BEIJING, Oct. 29 (UPI) -- China's central bank trimmed lending and deposit rates 0.27 percentage points Wednesday in an effort to put vitality into the country's slowing economy. (UPI) CNPC to develop Uzbekistan oilfieldhttp://news.usti.net/newsstory/world.asia.china.biz/2/wed/du/Uchina-uzbekistan.R-9x_IOL.htmlwed/du/Uchina-uzbekistan.R-9x_IOL.html1224587116Tue, 21 Oct 2008 11:05:16 GMT<a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/du/Uchina-uzbekistan.R-9x_IOL.html"></a>BEIJING, Oct. 21 (UPI) -- China's largest oil company says it has agreed to jointly develop an oilfield in Uzbekistan with reserves of about 220 million barrels. <a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/du/Uchina-uzbekistan.R-9x_IOL.html">CNPC to develop Uzbekistan oilfield</a> BEIJING, Oct. 21 (UPI) -- China's largest oil company says it has agreed to jointly develop an oilfield in Uzbekistan with reserves of about 220 million barrels. (UPI) China raises grain purchase pricehttp://news.usti.net/newsstory/world.asia.china.biz/2/wed/cm/Uchina-grainprice.Rhp9_IOL.htmlwed/cm/Uchina-grainprice.Rhp9_IOL.html1224567298Tue, 21 Oct 2008 05:34:58 GMT<a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/cm/Uchina-grainprice.Rhp9_IOL.html"></a>BEIJING, Oct. 21 (UPI) -- China will increase its minimum purchase price for wheat by up to 15.3 percent from next year as part of its plan to boost grain output and raise rural income. <a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/cm/Uchina-grainprice.Rhp9_IOL.html">China raises grain purchase price</a> BEIJING, Oct. 21 (UPI) -- China will increase its minimum purchase price for wheat by up to 15.3 percent from next year as part of its plan to boost grain output and raise rural income. (UPI) China's ICBC opens unit in Dubaihttp://news.usti.net/newsstory/world.asia.china.biz/2/wed/ag/Uchina-icbc.RdLo_IOL.htmlwed/ag/Uchina-icbc.RdLo_IOL.html1224564888Tue, 21 Oct 2008 04:54:48 GMT<a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/ag/Uchina-icbc.RdLo_IOL.html"></a>BEIJING, Oct. 21 (UPI) -- The ICBC, China's largest commercial bank, Monday opened its first Middle East subsidiary unit in Dubai as part of its overseas expansion. <a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/ag/Uchina-icbc.RdLo_IOL.html">China's ICBC opens unit in Dubai</a> BEIJING, Oct. 21 (UPI) -- The ICBC, China's largest commercial bank, Monday opened its first Middle East subsidiary unit in Dubai as part of its overseas expansion. (UPI) China to invest heavily in Pakistanhttp://news.usti.net/newsstory/world.asia.china.biz/2/wed/du/Uchina-pakistan.RYl6_IOI.htmlwed/du/Uchina-pakistan.RYl6_IOI.html1224350687Sat, 18 Oct 2008 17:24:47 GMT<a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/du/Uchina-pakistan.RYl6_IOI.html"></a>ISLAMABAD, Pakistan, Oct. 18 (UPI) -- China is expected to offer vital financial assistance to the struggling Asian country of Pakistan, officials say. <a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/du/Uchina-pakistan.RYl6_IOI.html">China to invest heavily in Pakistan</a> ISLAMABAD, Pakistan, Oct. 18 (UPI) -- China is expected to offer vital financial assistance to the struggling Asian country of Pakistan, officials say. (UPI) China central bank cuts interest ratehttp://news.usti.net/newsstory/world.asia.china.biz/2/wed/cw/Uchina-pboc.R91E_IO9.htmlwed/cw/Uchina-pboc.R91E_IO9.html1223527488Thu, 09 Oct 2008 04:44:48 GMT<a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/cw/Uchina-pboc.R91E_IO9.html"></a>BEIJING, Oct. 9 (UPI) -- China's central bank, falling in line with central banks of major economies, has cut both the interest rate and the cash reserve ratio for its commercial banks. <a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/cw/Uchina-pboc.R91E_IO9.html">China central bank cuts interest rate</a> BEIJING, Oct. 9 (UPI) -- China's central bank, falling in line with central banks of major economies, has cut both the interest rate and the cash reserve ratio for its commercial banks. (UPI) Appliance tycoon named China's wealthiesthttp://news.usti.net/newsstory/world.asia.china.biz/2/wed/cl/Uchina-wealthiest.RqU4_IO7.htmlwed/cl/Uchina-wealthiest.RqU4_IO7.html1223355902Tue, 07 Oct 2008 05:05:02 GMT<a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/cl/Uchina-wealthiest.RqU4_IO7.html"></a>BEIJING, Oct. 7 (UPI) -- A 39-year-old appliance and property magnate estimated to be worth $6.3 billion was ranked the richest this year among China's top 1,000 wealthy people. <a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/cl/Uchina-wealthiest.RqU4_IO7.html">Appliance tycoon named China's wealthiest</a> BEIJING, Oct. 7 (UPI) -- A 39-year-old appliance and property magnate estimated to be worth $6.3 billion was ranked the richest this year among China's top 1,000 wealthy people. (UPI) IBM, Volvo allow Chinese labor unionshttp://news.usti.net/newsstory/world.asia.china.biz/2/wed/bz/Uchina-unions.RJql_ISK.htmlwed/bz/Uchina-unions.RJql_ISK.html1221929088Sat, 20 Sep 2008 16:44:48 GMT<a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/bz/Uchina-unions.RJql_ISK.html"></a>BEIJING, Sept. 20 (UPI) -- U.S. computer giant IBM and Swedish automaker Volvo say they will allow state-sanctioned worker unions in their Chinese manufacturing operations. <a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/bz/Uchina-unions.RJql_ISK.html">IBM, Volvo allow Chinese labor unions</a> BEIJING, Sept. 20 (UPI) -- U.S. computer giant IBM and Swedish automaker Volvo say they will allow state-sanctioned worker unions in their Chinese manufacturing operations. (UPI) GE to add 5 more regional centers in Chinahttp://news.usti.net/newsstory/world.asia.china.biz/2/wed/dg/Uchina-ge.RfjA_ISG.htmlwed/dg/Uchina-ge.RfjA_ISG.html1221563111Tue, 16 Sep 2008 11:05:11 GMT<a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/dg/Uchina-ge.RfjA_ISG.html"></a>BEIJING, Sept. 16 (UPI) -- General Electric, encouraged by China's business potential, plans to add five regional centers to the two it has in Shanghai and Beijing. <a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/dg/Uchina-ge.RfjA_ISG.html">GE to add 5 more regional centers in China</a> BEIJING, Sept. 16 (UPI) -- General Electric, encouraged by China's business potential, plans to add five regional centers to the two it has in Shanghai and Beijing. (UPI) China's central bank cuts key lending ratehttp://news.usti.net/newsstory/world.asia.china.biz/2/wed/av/Uchina-bankofchina.RQZ7_ISF.htmlwed/av/Uchina-bankofchina.RQZ7_ISF.html1221489916Mon, 15 Sep 2008 14:45:16 GMT<a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/av/Uchina-bankofchina.RQZ7_ISF.html"></a>BEIJING, Sept. 15 (UPI) -- China's central bank dropped its key lending rate by 0.27 percent to 7.2 percent, a surprise move that underscores the global financial crisis, analysts said. <a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/av/Uchina-bankofchina.RQZ7_ISF.html">China's central bank cuts key lending rate</a> BEIJING, Sept. 15 (UPI) -- China's central bank dropped its key lending rate by 0.27 percent to 7.2 percent, a surprise move that underscores the global financial crisis, analysts said. (UPI) China to become top Asia consumer markethttp://news.usti.net/newsstory/world.asia.china.biz/2/wed/cn/Uchina-consumermarket.REq9_IS9.htmlwed/cn/Uchina-consumermarket.REq9_IS9.html1220937287Tue, 09 Sep 2008 05:14:47 GMT<a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/cn/Uchina-consumermarket.REq9_IS9.html"></a>BEIJING, Sept. 9 (UPI) -- China, with a per capita GDP of $2,456, will become Asia's largest consumer market by next year, ahead of Japan, Commerce Minister Chen Deming said Monday. <a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/cn/Uchina-consumermarket.REq9_IS9.html">China to become top Asia consumer market</a> BEIJING, Sept. 9 (UPI) -- China, with a per capita GDP of $2,456, will become Asia's largest consumer market by next year, ahead of Japan, Commerce Minister Chen Deming said Monday. (UPI) Execs: Guzzler tax won't hurt China saleshttp://news.usti.net/newsstory/world.asia.china.biz/2/wed/bw/Uchina-gasguzzlers.RC1u_IS6.htmlwed/bw/Uchina-gasguzzlers.RC1u_IS6.html1220721287Sat, 06 Sep 2008 17:14:47 GMT<a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/bw/Uchina-gasguzzlers.RC1u_IS6.html"></a>BEIJING, Sept. 6 (UPI) -- China's new sales tax on big cars to battle the nation's notoriously dirty air will not significantly reduce sales, an auto import trade-group executive says. <a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/bw/Uchina-gasguzzlers.RC1u_IS6.html">Execs: Guzzler tax won't hurt China sales</a> BEIJING, Sept. 6 (UPI) -- China's new sales tax on big cars to battle the nation's notoriously dirty air will not significantly reduce sales, an auto import trade-group executive says. (UPI) China ICBC bank's foreign assets soarhttp://news.usti.net/newsstory/world.asia.china.biz/2/wed/dt/Uchina-icbc.Rohv_IS2.htmlwed/dt/Uchina-icbc.Rohv_IS2.html1220353514Tue, 02 Sep 2008 11:05:14 GMT<a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/dt/Uchina-icbc.Rohv_IS2.html"></a>BEIJING, Sept. 2 (UPI) -- China's largest commercial bank announced Tuesday its overseas assets soared to $43 billion at the end of June, up 22 percent from the end of 2007. <a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/dt/Uchina-icbc.Rohv_IS2.html">China ICBC bank's foreign assets soar</a> BEIJING, Sept. 2 (UPI) -- China's largest commercial bank announced Tuesday its overseas assets soared to $43 billion at the end of June, up 22 percent from the end of 2007. (UPI) China expects 511M tons of grain outputhttp://news.usti.net/newsstory/world.asia.china.biz/2/wed/dd/Uchina-grainoutput.RD7Z_IS2.htmlwed/dd/Uchina-grainoutput.RD7Z_IS2.html1220353514Tue, 02 Sep 2008 11:05:14 GMT<a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/dd/Uchina-grainoutput.RD7Z_IS2.html"></a>BEIJING, Sept. 2 (UPI) -- China's grain information center says grain output this year is expected to top 511 million tons, marking the fifth consecutive year of increased production. <a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/dd/Uchina-grainoutput.RD7Z_IS2.html">China expects 511M tons of grain output</a> BEIJING, Sept. 2 (UPI) -- China's grain information center says grain output this year is expected to top 511 million tons, marking the fifth consecutive year of increased production. (UPI) China raises export tariff on cokehttp://news.usti.net/newsstory/world.asia.china.biz/2/wed/cy/Uchina-coke.RLQx_IaI.htmlwed/cy/Uchina-coke.RLQx_IaI.html1219066493Mon, 18 Aug 2008 13:34:53 GMT<a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/cy/Uchina-coke.RLQx_IaI.html"></a>BEIJING, Aug. 18 (UPI) -- China, facing a tight domestic supply of coke, will raise its export tariff on the coal-derived fuel to 40 percent from the current 25 percent. <a href="http://news.usti.net/newsstory/world.asia.china.biz/2/wed/cy/Uchina-coke.RLQx_IaI.html">China raises export tariff on coke</a> BEIJING, Aug. 18 (UPI) -- China, facing a tight domestic supply of coke, will raise its export tariff on the coal-derived fuel to 40 percent from the current 25 percent. (UPI)