News
Geely buys Volvo
Geely buys Volvo Status symbol An obscure Chinese carmaker buys a famous but ailing Swedish one Mar 31st 2010 | From The Economist print edition IF OPPOSITES attract, Ford’s sale of Volvo to a Chinese upstart, Geely, for $1.8 billion ought to be a marriage made in heaven. Sweden’s Volvo is the...
Rio gets back to business
Rio Tinto executives, waiting to hear the fate of colleagues held in Shanghai on charges of bribery and stealing commercial secrets, may have to wait even longer for the outcome of usually contentious price negotiations for supplying iron ore to China. For the full story click here. Source: Asia Times Online.
China: A tale of three swan songs
The United States, the European Union and others have long been critical of China’s renminbi / yuan regime. Many U.S. lawmakers complain China’s currency is undervalued by as much as 40% and undercutting the competitiveness of U.S. products. For the full story click here. Source: Investment postcards from...
Chinese dairy move shakes up industry
Bold plans by a Chinese company to expand into the dairy industry are getting mixed reactions as the sector waits for details. For the full story click here. Source: NZhearld.
Chinese execs back stronger currency
Chinese executives are joining US President Barack Obama in backing a stronger yuan, even as Premier Wen Jiabao says the currency isn't undervalued. To read the full story click here. Source: NZhearld
Fonterra chief questions China dairy investment
Fonterra chief executive Andrew Ferrier doubts there is an economic case for Chinese looking to invest in the dairy industry to buy their own processing plants in this country. To read the full story click here. Source: NZhearld.
Minister leads agritech mission to China
Agriculture Minister David Carter leaves tomorrow on a trade mission to China, leading a delegation of technology companies. The trade mission will visit Beijing, Inner Mongolia and Heilongjian in northern China, dairy producing provinces which have links to New Zealand. For the full story click here. Source: NBR
Failed search
Western internet firms have found a big market in China, but few opportunities. BARRING an unlikely reconciliation, it is all but certain that by the end of March Google will withdraw from China, a place where it has succeeded commercially but failed to convince the authorities that information wants to be free....
China thwarts Google's detour around censorship
Google's attempted detour around China's internet censorship rules was met with countermeasures by the communist government, which blocked people on the mainland from seeing search results dealing with such forbidden topics as the pro-democracy movement. For the full story click here. Source: nzherald.co.nz
Crafar farms sold to China
The China Jin Hui Mining Corporation -- recently renamed Natural Dairy (NZ) Holdings Ltd -- says it has agreed to buy the Crafar family farms as well as other assets including farmland, cattle, and milkpowder production plant. For the full story click here. Source: NBR
China – US breeding geopolitical tension
Concerns over the global imbalance resulting from large Chinese current account surplus and large U.S. current account deficits has many economists and politicians locked in heated debates. Some experts, including Paul Krugman, propose measures focusing on changing China’s exchange-rate policy and trade barriers. For...