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Carlsberg Brewery Was Agreed on a Tender Offer to The Former

Nov 4, 2013

Chongqing Brewery Co., Ltd. (SHSE: 600132) announced on October 31 that its shareholder Carlsberg Brewery Hong Kong Limited was agreed by China Securities Regulatory Commission on a tender offer to the former. Carlsberg officially issued ...

Tags: Carlsberg, beer, Food

Metallurgical Corporation of China Ltd. Fell 11.6% Over a Month Earlier.

Nov 4, 2013

Metallurgical Corporation of China Ltd. (MCA, SHSE: 601618) recorded operating revenue of CNY 137.275 billion from January to September, falling 11.6% over a month earlier. Net profits attributable to shareholders hit CNY 2.116 billion, ...

Tags: Metallurgy, Mineral, Energy

China Will Continue Reform CNY Exchange Rate Formation Mechanism

Nov 4, 2013

Spokesperson for Ministry of Foreign Affairs pointed out that there is no undervaluation of Chinese Yuan, in consideration of the continual decline of proportion for surplus of current account to GDP and balance between supply and demand in ...

Tags: CNY, RMB, economy

China's PMI Was 51.4 Percent in October National Bureau of Statistics of China

Nov 4, 2013

China's PMI Was 51.4 Percent in October National Bureau of Statistics of China Department of Service Statistics of NBS China Federation of Logistics and Purchases (CFLP) In October, China's manufacturing purchasing managers index ...

Tags: PMI

CSC Has Received Higher Order Volumes Than Their Expected

Nov 4, 2013

China Steel Corp. (CSC), one of the blast furnace mills in Taiwan that said after the company to release its new price on October 18th, it has received higher order volumes for steel flat products in the Taiwanese domestic market than their ...

Tags: Construction, steel, Metallurgy, Mineral

PMI of Steel Sector in China's Hebei Province Decreased to 43.5 Percent in October

Nov 4, 2013

In October this year, the purchasing managers' index (PMI) of the steel sector in China's Hebei Province decreased to 43.5 percent, down 0.4 percentage points month on month, declining for the second consecutive month, as announced by the ...

Tags: Hebei Province Steel, Mineral

Sanan Opto's Revenue Reached RMB 2.63 Billion in 3Q

Nov 1, 2013

San’an Optoelectronics revealed their 3Q financial report on October 30th that accumulated revenue from Jan.–Sept. reached RMB 2.63 billion (US $432 million), yOy growth of 11.86 percent. Mainly due to large increases in net ...

Tags: Lights, Lighting

Ledtech 3Q Consolidated Revenue Reached NT $471 Million

Nov 1, 2013

LED package manufacturer Ledtech benefited from low temperature lighting orders. The company's 3Q consolidated revenue reached NT $471 million (US $16 million), a rise of 18.73 percent compared to 3Q last year. Gross profit margin for the ...

Tags: Lights, Lighting

MOC: China's Foreign Trade Is Expected to Maintain a Steady Growth Trend

Nov 1, 2013

China's Ministry of Commerce has stated in its Report on China's Foreign Trade Situation (Autumn 2013) that in the first half of 2013 growth in China's foreign trade indicated significant fluctuation due to the complicated global and ...

Tags: Metallurgy, Mineral, Energy

Real Estate Bubble Is Bursting in Three & Four Line City

Oct 31, 2013

In some China cities, housing bubble theory was recognized by the government think-tank. According to the research from the center survey report, the risk of the domestic real estate market is still under accumulation. The trend of ...

Tags: Construction, Service, Real Estate, China

Masteel Announced That Its Operating Revenue Amounted to RMB 56.392 Billion

Oct 31, 2013

On October 29, Anhui Province-based Chinese steelmaker Maanshan Iron and Steel Co. (Masteel) announced that in the first three quarters of the current year its operating revenue amounted to RMB 56.392 billion ($9.245 billion), down 5.93 ...

Tags: steel, Metallurgy, Mineral

Baosteel Announces That Its Operating Revenue Amounted to RMB 142.264 Billion

Oct 31, 2013

Shanghai-based Chinese steelmaker Baoshan Iron and Steel Co. (Baosteel) has announced that in the January-September period of the current year its operating revenue amounted to RMB 142.264 billion ($23.322 billion), down 2.42 percent year ...

Tags: Baosteel, steel

State Price Change Boosts Oil Giants Performance

Oct 30, 2013

Chinese oil giants China Petroleum & Chemical (Sinopec; 600028.SHA) and PetroChina (601857.SHA) reported strong results in the third-quarter on China's new oil-pricing system, The Wall Street Journal reported. Sinopec on Tuesday posted a ...

Tags: State Price, Petrochina, Sinopec

A Short-Term Spike in Interest Rates Would Not Translate Into a Tightening of Liquidity

Oct 30, 2013

People's Bank of China in a closed-door meeting last week sought to reassure money-market traders that a short-term spike in interest rates would not necessarily translate into a tightening of liquidity, Reuters reported. The PBOC also ...

Tags: China's Central Bank, Inter-Market Rate

Doing Business in China is Getting Easier

Oct 30, 2013

China has made steady progress in improving business regulations for local entrepreneurs in East Asia and the Pacific since 2005, a report released by World Bank Group said on Tuesday. Doing Business 2014, the 11th in a series of annual ...

Tags: credit information system, doing business