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Haitong takes over HK's Taifook

HAITONG Securities Co has become the first mainland securities firm to take over an overseas brokerage through its purchase of Hong Kong-based Taifook Securities Co. Haitong, China's second largest securities firm by market value, bought a 52.86 ...

From WANG YANLIN, Shanghai Daily,  23 Nov 2009

China tries to stop WTO action on export tussle

CHINA has earned a temporary reprieve by rejecting requests from the United States, the European Union and Mexico for a World Trade Organization panel to investigate alleged Chinese restrictions on exports of raw materials. "China is disappointed ...

From WANG YANLIN, Shanghai Daily,  20 Nov 2009

Related Topics: World Trade Organization,  European Union,  Xinhua,  Tsinghua University

Slower drop in profit at SOEs

NET profit at China's state-owned enterprises declined at a slower annual pace in the first 10 months of this year, while their revenue reversed a drop and edged up for the first time this year. Net earnings fell 10.6 percent from a year earlier to 1 ...

From WANG YANLIN, Shanghai Daily,  19 Nov 2009

Obama greets students in friendship

NEARLY 400 Shanghai college students took part in a town hall meeting yesterday afternoon with US President Barack Obama, who delivered friendly, encouraging messages to the generation that represents China's future. The face-to-face dialogue is an ...

From WANG YANLIN, Shanghai Daily,  16 Nov 2009

Related Topics: Barack Obama

Consumer spending helps boost city growth

SHANGHAI'S economy made further progress last month as a result of continued strong growth in local consumer spending and investment, while exports also improved to help strengthen a growing recovery. The city's retail sales gained 14.1 percent year ...

From WANG YANLIN, Shanghai Daily,  16 Nov 2009

Weather fails to dampen Obama's glee

BARACK Obama arrived in Shanghai about 11:10 last night, the first time he has visited China since being elected United States president. Obama's Air Force One aircraft landed at Pudong International Airport in cold weather and heavy rain. He gave ...

From WANG YANLIN, Shanghai Daily,  15 Nov 2009

Related Topics: Barack Obama,  Asia-Pacific Economic Cooperation,  Hillary Rodham Clinton,  United Nations,  Susan E. Rice

China rejects polluting industry plans

CHINA has rejected requests to build 47 industrial projects involving 200 billion yuan (US$29.2 billion) so far this year in a bid to enhance environment protection and curb overcapacity, senior officials said today. Most of the refused projects ...

From WANG YANLIN, Shanghai Daily,  13 Nov 2009

Related Topics: Xinhua

Agency launched to help traders

A city-level association was established in Shanghai yesterday to integrate services for traders and enhance efforts to help struggling exporters amid a harsh global trading environment. Also, the Shanghai Chamber of Commerce for Import and Export, ...

From WANG YANLIN, Shanghai Daily,  12 Nov 2009

China's future lies in innovative past

CHINA, which gave the world its first paper, printing, gunpowder and compass, is seeking to resume its historic glory as a nation of innovation. As countries around the world pull back from the brink of financial collapse and seek new catalysts to ...

From WANG YANLIN, Shanghai Daily,  12 Nov 2009

Related Topics: ABB LTD,  Wan Gang

Wen: Macro policy stays steady

CHINA will continue its present macroeconomic policies to consolidate its recovery and will seek alliances to fight global trade protectionism, Premier Wen Jiabao said yesterday. "China's economic recovery continues to be solidified, which proves ...

From WANG YANLIN, Shanghai Daily,  12 Nov 2009

Related Topics: Wen Jiabao

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