SHANGHAI (Reuters) – China remained the world’s biggest IPO market in 2011, even as total funds raised slumped from the previous year due to global economic uncertainty, undercoring the shift of financial power from the west to the east. Chinese firms raised a combined 286.1 billion yuan ($45.5 billion) through initial public offerings in...
China denied on Wednesday that an Indian diplomat had been prevented from treating his severe diabetes while offering consular assistance during a trial, causing him to collapse and prompting a complaint from India’s foreign ministry. S Balachandran, from the Indian consulate in Shanghai, had to be hospitalised after attending a court hearing in Yiwu...
China’s central bank is likely to announce further cuts to banks’ reserve requirement ratios to boost slowing growth, a number of analysts told CNBC on Wednesday, a day after the country’s premier warned of a “difficult” period ahead for the economy. In comments published on Tuesday, Wen Jiabao also said the government would fine-tune...
BEIJING Jan 4 (Reuters) – China on Wednesday restated its opposition to the U.S.-led push for unilateral sanctions on Iran over Tehran’s nuclear programme and said the crisis should be resolved through diplomacy, as Iran lashed out with threats against Washington. Iran threatened on Tuesday to take action if the U.S. Navy moves an...
China has banned advertisements during dramas and movies on television in the Communist party’s latest move to assert control over the country’s increasingly commercial media industry. The rules, which come into effect in January, ban TV stations from running ads during films and drama episodes that run for 45 minutes or more. Analysts said...
Workers assemble air conditioners at Gree Electric Appliances Inc.’s factory in Zhuhai, Guangdong province, China. Gree Electric, the largest maker of home air-conditioners, jumped 4.7 percent to 18.10 yuan, set for the biggest advance since May 9. Photographer: Forbes Conrad/Bloomberg China’s stocks (IFB1) rose on the first trading day of this year after manufacturing...
Jan. 3 (Bloomberg) — Andrew Sullivan, principal sales trader at Piper Jaffray Asia Securities Ltd., talks about the outlook for the Chinese economy, Asian equities and Europe’s sovereign debt crisis. He speaks from Hong Kong with Caroline Hyde on Bloomberg Television’s “First Look.” (Source: Bloomberg) Chinese Premier Wen Jiabao said business conditions may be...
By Weiyi Lim Jan. 4 (Bloomberg) — China’s stocks rose on the first trading day of this year after manufacturing jumped in the U.S. and China, and investors speculated the government may take more measures to boost consumption to offset slowing export growth. Gree Electric Appliances Inc. and GD Midea Holding Co. led a...
China continues to make headway in its efforts to become one of the world’s foremost spacefaring nations. In a white paper issued last week, the Chinese government officially announced its intentions to place a manned spacecraft on the moon. According to the announcement, a manned lunar mission would be just one stage in the...
Vice President Joe Biden will take the lead in formulating a revised policy on U.S.-China relations the Obama administration wants to put into place. This comes after Biden failed to condemn the one-child policy that includes forced abortions and sterilizations. The Atlantic reported on the latest move: While the Departments of State and Treasury...
