Volvo Cars sales up in 2013
AAPVolvo Cars, the Swedish subsidiary of Chinese carmaker Geely, has reported a slight increase in its 2013 sales thanks to a spectacular growth in China.The Asian country became Volvo's first market...
View ArticleChina trade balance contracts
By a staff reporter, with Dow Jones Newswires and AAPChina's trade surplus contracted more than expected in December, according to official data.In December, China's trade surplus was $US25.64 billion,...
View ArticleKorea, China jostle for Aust resources
Chinese and South Korean companies are jostling for access to new Australian resources projects to the benefit of local companies, according to The Australian.Among those seen to profit from the...
View ArticleLi Ka-Shing's HK Electric Investments in HK IPO
Dow Jones Li Ka-shing plans to raise up to US$3.6 billion in a Hong Kong initial public offering this month of his Hong Kong electricity assets.HK Electric Investments, which owns power plants and...
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From salad days to dog days - how China determines Australia’s economic future
EconomyChinaRoss GarnautEast Asia ForumAustralia is enjoying its 22nd year of economic growth without recession – an experience that is unprecedented in any other developed country. For the first...
View ArticleSinopec to pay compensation over pipeline
AAPChinese state-owned oil giant Sinopec will pay compensation over a pipeline explosion at its facility in the city of Qingdao that killed dozens of people and caused losses of more than $US100...
View ArticleL'Oreal approved to buy Chinese company
AAPFrench cosmetics giant L'Oreal says it has received the official greenlight for its $US843 million ($A939.85 million) bid to acquire the Hong Kong-listed facial care company Magic Holdings...
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China's state-owned sector is strangling growth
EconomyChinaPeter CaiThe listed arm of Chinese resource giant Chinalco – the largest shareholder in Rio Tinto – has been forced to sell some of its assets to stay in the black for the 2013 financial...
View ArticleNicaragua, Chinese tycoon say ‘mega canal’ work to begin this year
AAPA proposed waterway to rival the Panama Canal could make Nicaragua the richest country in Central America, a project official has been quoted as saying.President Daniel Ortega recently approved the...
View ArticleBeijing to create property tracker
Dow JonesChina plans to establish a national system for tracking real-estate ownership and sales transactions, a key step in its effort to tame a property sector that threatens to price many Chinese...
View ArticleBeijing to create property tracker
Dow JonesChina plans to establish a national system for tracking real-estate ownership and sales transactions, a key step in its effort to tame a property sector that threatens to price many Chinese...
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Australia’s mineral investment boom running out of luck
EconomyChinaLuke HurstEast Asia ForumThe Australian minerals boom appears to have peaked, as commodity prices eased back after 2011 and investment has begun to taper.Currently there are 37 mineral...
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Renminbi reforms: another false dawn?
EconomyChinaJohn LeeRumours that the economic leadership under Premier Le Keqiang sees liberalisation of the Chinese renminbi as a top priority are on the march again, if the viewpoints of prominent...
View ArticleHK economy world's freest, Aust top 4
AAPHong Kong has retained the title of the world's freest economy for the twentieth year in a row, with rival Singapore closing the gap.The rating shows how the southern Chinese financial hub remains...
View ArticleTesla plans to develop charging network in China
Dow JonesElectric car maker Tesla Motors Inc. (TSLA) is looking to develop a network of superchargers in China that would allow drivers to travel for free over long distances beginning most probably...
View ArticleHanlong insider trading suspect arrested in Hong Kong
By a staff reporterA former executive of China's Hanlong Mining, who is wanted in Australia for insider trading, was arrested in Hong Kong over the weekend, The Australian reports.According to the...
View ArticleChina downturn biggest risk for Aust banks: Fitch
By a staff reporterA sudden and severe downturn in China remains the greatest risk to Australian banks in 2014, but it is not the only risk, according to Fitch Ratings.In a report, Fitch said the...
View ArticleChinese demand for gold forecast
Chinese buyers' demand for gold is set to support its price this year, a Citigroup strategist says, The Australian Financial Review reports.According to the newspaper, Citigroup investment strategist...
View ArticleHuawei targets 10 pct revenue growth: CFO
Chinese technology giant Huawei has posted a record profit of 240 billion yuan or $44 billion for the last financial year, an increase of eight per cent year on year.The vendor of telecommunications...
View ArticleChina forex reserves at record
AFPChina's foreign exchange reserves, already the world's largest, reached $US3.82 trillion ($A4.27 trillion) at the end of 2013, the central bank says, a new record.The end-of-year figure was up from...
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