The industrial chemical melamine was found last year in the products of three more dairy companies, following a scandal involving tainted milk powder in 2008. Products from Shandong Zibo Lusaier Dairy, Liaoning Tieling Wuzhou Food and Laoting Kaida Refrigeration Plant were removed from shelves in early 2009 after they were found to contain excessive levels [...]
The senior economist of the International Monetary Fund said that China does not face a serious risk of asset bubbles. Jörg Decressin said China nonetheless has “localized” problems. The IMF said global economic growth in 2010 would be strongest in Asia, and estimated that China would reach 10% growth this year; robust domestic demand would [...]
Airbus and China’s CDB Leasing have agreed to cooperate on aircraft leasing and financing projects over five years. Airbus said CDB Leasing would provide up to $4 billion in financing for airlines over five years according to a memorandum of understanding signed by the two companies. CDB Leasing will provide financing for all Airbus aircraft [...]
The government of Greece is hoping to convince China to buy US$35.2 billion in government bonds to fund its public debt. Goldman Sachs has reportedly been working to encourage China’s State Administration of Foreign Exchange (SAFE) to buy the bonds, but the paper cited sources close to SAFE as saying it was hesitant to add [...]
A Beijing court has ruled in favor of search engine Baidu in a piracy dispute with Universal Music, Sony BMG Music Entertainment Hong Kong and Warner Music Hong Kong. The Beijing No. 1 Intermediate People’s Court cleared both Baidu and portal Sohu, saying they had done no wrong in linking in search results to music [...]
Industrial and Commercial Bank of China (ICBC) and China Citic Bank have ordered some of their branches to halt new loans for the rest of January. An official at Citic Bank said the move came after requests from bank headquarters and the People’s Bank of China to control the pace of lending. Liu Mingkang, chairman [...]
