China overtakes Japan as No 2 economy: FX chief
China has overtaken Japan to become the world's second-largest economy, the fruit of three decades of rapid growth that has lifted hundreds of millions of people out of poverty. Depending on how fast its exchange rate rises, China is on course to overtake the United States and vault into the No.1 spot sometime around 2025,...
China's economy to grow more than 9% in 2010
China's gross domestic product (GDP) is expected to expand more than 9 percent in 2010, Yi Gang, head of the State Administration of Foreign Exchange (SAFE), said Friday. Yi, also deputy governor of the People's Bank of China, the central bank, made the remarks in an interview with China Reform magazine, which is posted on...
Online shopping gaining ground in China, says Nielsen
Online consumers from China are the most prolific online shoppers in the Asia Pacific region and nearly 95 percent of them are planning a web purchase in the next six months, said John Burbank, chief executive officer of Nielsen Online, the online division of research firm Nielsen. According to the survey, books and...
Google embarks on a hiring spree [in China]
Search giant Google Inc has embarked on a hiring spree in China, despite its recent problems with the government that saw many top engineers and executives leaving the company. Experts, however, said on Friday that the recruitment drive would not help the company regain the lost market share in the short-term. Google lost...
GDP growth leaps ahead in H1
BEIJING - Most provinces and regions in China reported first-half gross domestic product (GDP) growth exceeding the national level, with less-developed central and western regions generally outperforming the nation's more economically advanced areas. For the full story, click here
China to tighten rules on food safety
Chinese government officials pledged Tuesday to improve regulations on food, particularly dairy products, following last week's seizure of 64 tons of milk powder containing 500 times the acceptable level of toxic melamine. For the full story, click here
China key for trade growth
The World Trade Organization (WTO) on Friday lauded China for the significant role it has played in reviving global trade growth and said the nation has more than fulfilled its commitment to the organization. The WTO said in its annual report released on Friday that it expects global trade to grow by 10 percent this year....
China firms urged to explore ASEAN ventures
Chinese companies should look for more cooperation opportunities with the Association of Southeast Asian Nations (ASEAN) to realize the full advantages of the free trade agreement between the two, government officials said on Monday. "The government will actively encourage companies planning overseas ventures to...
Face to Face with Anthony Bolton on China
Anthony Bolton, Fidelity International’s star stockpicker, tells FT’s Asia Markets Correspondent Robert Cookson that future growth in China will come from domestic consumption rather than exports. For the full story, click here
Synlait forms partnership with Chinese company
Canterbury dairy processor Synlait has announced an $82 million partnership deal with a Chinese company. Bright Dairy & Food Co will invest in Synlait Milk to drive its value-added export strategy. The agreement, which remains subject to regulatory and shareholder approval, means Synlait Ltd and Bright Dairy will...
Chinese dairy giant Bright Dairy announces $82m Synlait ...
Bright Dairy & Food, China's third-biggest dairy company by volume, has agreed to buy a majority stake in Canterbury milk processor Synlait Milk for $82 million. Synlait, which abandoned a planned $150 million share sale last year due to a tepid response, will be a joint owner of its processing company with Bright...
Is the Era of cheap chinese labour over?
And if so, what might that mean for the global economy? Click here to view the full debate.
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