China Update by Synocus

Death toll from floods, mud-rock flows rises in China

Sunday, July 29, 2007

China reported more casualties on Sunday as rescuers retrieved the bodies of people missing in floods and mud-rock flows triggered by heavy rains in recent days in many parts of the country.

Rescuers retrieved two more b ...

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China stocks rise sharply, driven by banks, security firms

Sunday, July 29, 2007

Chinese share prices rose sharply on Wednesday as the benchmark Shanghai Composite Index went up 2.7 percent, or 113.64 points, to 4,323.97.

Analysts said security companies and banks boosted the index, making it the sec ...

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Beijing To Improve Meteorological Services From Finland for Expressway Drivers

Sunday, July 29, 2007

Beijing will provide better meteorological services for expressway drivers, an official with the Beijing Meteorological Bureau said on Monday.

The city will give such services to expressway drivers via a batch of road ob ...

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China sees surge in mechanical, electrical exports

Sunday, July 22, 2007

China exported 309.95 billion U.S. dollars worth of mechanical and electrical products in the first half of this year, up 27.1 percent from the same period last year, according to the General Administration of Customs.

T ...

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China makes 226 million mobile phones in 1st 5 months

Sunday, July 22, 2007

China produced nearly 226 million mobile phones in the first five months of the year, up 33.7 percent from a year earlier, according to statistics from the Ministry of Information Technology.

The rising rural market is b ...

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Vice minister of commerce makes positive comments on foreign acquisitions of domestic enterprises

Sunday, July 22, 2007

With acquisition evolving into a global trend, China should facilitate both inbound and outbound investment, according to a senior official of the Ministry of Commerce.

"Foreign acquisition of domestic enterprises i ...

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Russia to pipe natural gas massively to China

Wednesday, July 11, 2007

Russia will pipe 68 billion cubic meters of natural gas to China each year by 2020, Russian energy chief Viktor Khristenko said on Tuesday.

"Russia will use two pipelines for the deliveries," Khristenko told a ...

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Nokia Siemens Network partners China Mobile Group Yunnan

Tuesday, July 10, 2007

Nokia Siemens Networks has signed a GSM network expansion contract with China Mobile Group Yunnan Co., Ltd. (YNMCC) worth about €70 million, Nokia Siemens Network announced Wednesday.

Under this agreement, Nokia Siemens ...

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China's yuan hits new high against U.S. dollar

Tuesday, July 10, 2007

China's currency, the yuan, hit a new high against the U.S. dollar on Tuesday, according to the Chinese Foreign Exchange Trading System.

The value of the yuan went up 240 basis points from Monday's 7.6085 against the U.S ...

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Chinese Finance Minister comments on Chinese/ Russian economic progress

Tuesday, July 10, 2007

China will continue implementing and improving its micro-control policies and measures on economy, stick to a prudent fiscal and monetary policy and strive for a stable and fast economic progress, a senior official said here on Tuesday. < ...

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