From Bloomberg: China plans to spend more than 500 billion yuan ($63 billion) on subways and light railway networks between 2010 and 2015 to ease pollution and traffic jams in its major cities. The government wants to build 1,321 kilometers of rail lines during the period in 15 cities, Li Fengjun, deputy head of the […]
Read MoreFrom Reuters via China Economic Net: Recent government curbs on credit and investment and a possible slowdown in the United States are unlikely to damage China’s long-term growth outlook, a senior central bank official said on Wednesday. Tang Xu, head of the central bank’s research bureau, painted a rosy picture for the world’s fourth-largest economy, […]
Read MoreFrom AFX via Forbes.comÔºö Lawmakers in China are planning to take action against US retailing giant Wal-Mart and other foreign firms to force thementerprises to establish branches of the Communist Party-run All-China Federation of Trade Unions (ACFTU) within their companies, the official Xinhua news agency reported. Wang Zhaoguo, ACFTU president and vice chairman of the […]
Read MoreFrom China Economic Net: Shares in Bank of China, one of the nation’s “big four” lenders, made a strong debut in Shanghai Wednesday morning as the new number-one on China’s stock markets. BOC’s initial public offering was valued at a hefty 20 billion yuan (2.5 billion U.S. dollars), and its equities, totaling 253.8 billion shares, […]
Read MoreFrom Shanghai Daily via China Economic Net: Chinese firms, including Wenzhou-based cigarette lighter producers, the biggest telecom operators and domestic oil giants, are talking about”Go Global,” which means to expand business and seek opportunities in the international market. The key questions facing these Chinese firms are how to expand globally and how to prevent unexpected […]
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