From the Financial Times (link) China responded cautiously on Friday to an unprecedented joint World Trade Organisation challenge to its auto parts tariffs by the US and Europe, saying only that it “regretted” the move and was studying how to respond. The timing of the challenge, however, before the first state visit to Washington by […]
Read MoreFrom xinhuanet (link) China National Offshore Oil Corporation (CNOOC) announced on Friday that its huge petrochemical project, a joint venture with Royal Dutch Shell, offthe South China Sea has begun formal production. Located in Huizhou city of souch China’s Guangdong Province, the project is one of the largest petrochemical projects launched in China in recent […]
Read MoreFrom The Associated Press via TMCnet (link) A Hong Kong lawmaker said Friday he has filed a complaint with Hong Kong’s privacy commission alleging that Yahoo Holdings (Hong Kong) Ltd. provided evidence to convict a Chinese reporter sentenced to 10 years in prison for leaking state secrets. Legislator Albert Ho gave reporters a document that […]
Read MoreFrom BusinessWeek (link) Looking for the cutting edge of stem cell science? Instead of Stanford or Cambridge or Singapore, consider Shenzhen. That’s where Chinese entrepreneur Sean Hu has set up one of the most radical businesses in the field. Hu is chairman of Beike Biotech, a joint venture involving the Shenzhen government, Peking University, and […]
Read MoreFrom Reuters (link) Volkswagen aims to speed up plans to buy $1 billion of parts annually from low-cost suppliers in China, Europe’s biggest carmaker said on Friday, exerting pressure on VW’s German components plants to cut costs. “The goal is to sign by the end of 2006 contracts worth $1 billion of exports to the […]
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