News » Politics » Plans for private investment in China's state firms still immature

News » Politics » Plans for private investment in China's state firms still immature


Plans for private investment in China's state firms still immature

Posted: 23 Sep 2012 05:50 AM PDT

The Chinese government's recent plan to encourage private investment in state-owned monopoly enterprises has met with a lukewarm response, with many private firms saying the lack of a clear set of pol...

Grey market iPhone 5 available in China with 50% mark-up

Posted: 23 Sep 2012 05:54 AM PDT

Though China was not on the list of countries for the initial launch of the iPhone 5 on Sept. 21, parallel imports of Apple's new smartphone went on sale on the same day priced at 7,000 yuan (US$1,100...

Japan, US hold island assault drill in Guam

Posted: 23 Sep 2012 05:50 AM PDT

A military exercise has been held by the US Marine Corps and Japan Ground Self Defense Force on Guam to simulate an amphibious assault on islands occupied by enemy forces, reports by our sister newsp...

Google to close music search services in China

Posted: 23 Sep 2012 05:50 AM PDT

Google decided to close its music search engine services in China on Sept. 21, with the Beijing Times reporting that Google's business in China has continued to shrink. The service will be official ...

AUO forecast to post losses per share of NT$1.28 in Q3

Posted: 23 Sep 2012 05:42 AM PDT

AU Optronics, one of Taiwan's leading flat panel makers, is expected to incur NT$1.28 (US$0.04) in losses per share for the third quarter, as the company will have to make provisions to cover a financ...

Scientist hopes for soft landing for China's lunar orbiter

Posted: 23 Sep 2012 05:10 AM PDT

Landing and enduring extreme temperatures will be the two biggest challenges facing the Chang'e-3, China's third lunar probe, the chief scientist of the lunar orbiter project told academics on Wednesd...

No-confidence motion against Chen's cabinet fails

Posted: 23 Sep 2012 04:46 AM PDT

A no-confidence motion launched by two opposition caucuses against Taiwan's premier, Sean Chen, failed to pass the 113-seat Legislative Yuan on Saturday. The motion was voted down 66-46. All legisl...

Fate of Bo Xilai to be revealed soon: Hong Kong daily

Posted: 23 Sep 2012 04:46 AM PDT

The fate of former Chongqing Communist Party chief Bo Xilai will be known soon, a Hong Kong newspaper reported Saturday. Sing Tao Daily said it is expected that Beijing will strip Bo of his party m...

China envoy warns Canada against politicizing Nexen deal

Posted: 22 Sep 2012 05:21 PM PDT

China's ambassador to Canada warned in remarks published on Saturday against letting domestic politics drive the Canadian government's decision on whether to approve a Chinese state-owned oil company's proposed $15.1 billion takeover of Calgary-based Nexen Inc.


Hon Hai extends its investment in northeastern China

Posted: 23 Sep 2012 01:54 AM PDT

In further boosting its deployment in mainland China, Taiwan-based contract manufacturer Hon Hai Group or Foxconn has signed five agreements with industries in the country's northeast, according to wh...

E. Sun becomes first Taiwanese bank in Dongguan

Posted: 23 Sep 2012 01:54 AM PDT

Taiwan-based E. Sun Bank has opened a branch in Dongguan in China's southern province of Guangdong after more than two years preparation, becoming the first Taiwanese bank in the industrial city in a ...

Embrace for impact: Guidelines for China's flight attendants welcomed

Posted: 23 Sep 2012 01:54 AM PDT

A photo purported to be from a safety guidebook for female flight attendants has gone viral on the internet in China, showing a page that reads: "If no empty seat is available in an emergency, please ...

Worker shortage worsens for electronics manufacturers in China

Posted: 23 Sep 2012 01:54 AM PDT

A labor shortage at notebook computer factories in China has become a serious problem with a majority of shipments of new products running on Microsoft's Windows 8 system scheduled for September, prom...

Figures to watch in CCP's 'standby succession team'

Posted: 23 Sep 2012 01:54 AM PDT

On the eve of the 18th National Congress of the Chinese Communist Party, the lineup of the country's new leadership team has naturally been a focus of attention, but so has the formation of the new-ge...

Japanese goods held up at Chinese customs amid dispute

Posted: 23 Sep 2012 01:54 AM PDT

Japanese products are reportedly being held up at China's customs, raising concerns that Beijing has began imposing economic sanctions on the country over disputed islands in the East China Sea. C...

China's property developers embark on land-buying spree

Posted: 23 Sep 2012 01:54 AM PDT

Several major Chinese property developers have spent heavily on purchasing land this month in a development being seen as a sign of a rebound in the housing market. China Vanke, the country's large...

HTC, China Merchants Bank launch mobile payment applications

Posted: 23 Sep 2012 01:54 AM PDT

Both China Merchants Bank and Taiwanese handset maker HTC expressed confidence in the future of mobile payments in China after launching products that enable consumers to pay via their mobile phones i...

Hon Hai extends its investment in northeastern China

Posted: 23 Sep 2012 01:54 AM PDT

In further boosting its deployment in mainland China, Taiwan-based contract manufacturer Hon Hai Group or Foxconn has signed five agreements with industries in the country's northeast, according to wh...

Luxgen eyes Middle East market with SUV, MPV models

Posted: 23 Sep 2012 01:54 AM PDT

Luxgen Motor, a subsidiary of Taiwan-based car maker Yulon Motor, said Friday that it aims to penetrate the Middle East market, which has a growing appetite for luxury vehicles. Luxgen said it is i...

Losses in anti-Japanese protests estimated at 10bn yen

Posted: 23 Sep 2012 01:54 AM PDT

The compensation for the damage sustained by Japanese businesses during the anti-Japanese demonstrations in China on Sept. 15 may reach a staggering 10 billion yen (US$128 million), according to the G...

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