Hong Kong residents marched the streets on Wednesday on the 12th anniversary of the handover of the territory to China. Demonstrators protested issues ranging from democratic elections to the performance of Chief Executive Donald Tsang to bank governance, with police estimates putting the crowd at 26,000. Organizers said the figure was 76,000, and that turnout [...]
Almost 80 infant girls from Guizhou province were taken by family planning officials since 2001 and put up for foreign adoption, according to China state media. According to a report in the Southern Metropolis News, farmers in Zhenyuan county who could not afford the US$2,926.50 fee for failing to comply with the two-child birth control [...]
Beijing Automotive Industry Holding will present a detailed bid to General Motors (GM) for its Opel unit in Europe within a few days. Beijing Automotive held discussions with beleaguered GM over the Opel unit last week and is currently working out details for a bid. However, GM in May signed a memorandum of understanding to [...]
China National Petroleum Corp (CNPC) is seeking to revive a failed bid for the Argentinian unit of Spanish energy firm Repsol-YPF in a deal that could be worth up to US$17 billion. CNPC may attempt to buy up to three-quarters of YPF, while rival CNOOC is said to be interested in buying a 25% stake. [...]
Toll road operator Sichuan Expressway will become the first firm to launch an IPO on the Shanghai bourse this year after a nine-month moratorium on Shanghai listings. The Hong Kong-listed firm plans to float 500 million A-shares and raise US$204.9 million. Sichuan Expressway’s underwriter said that the firm had not yet received approval to begin [...]
General Motors said on Wednesday that sales in China grew 38% year-on-year in the first half of 2009 on the back of strong demand for small vehicles such as minivans. First-half sales stood at 814,442, compared to 1,094,561 in sales for all of last year. Sales were assisted by government subsidies and strong growth in [...]
The Purchasing Managers’ Index rose in June, marking the fourth straight month that manufacturing activity has expanded, according to data from the China Federation of Logistics and Purchasing. The PMI in June rose to 53.2, up from 53.1 in May. A figure over 50 indicates expansion in manufacturing activity. The PMI data comes two weeks [...]
