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Aggregated China Business Blogs

April 12, 2013, BEIJING –The Asian Development Bank (ADB) is extending $200 million in loans to the Dynagreen Environmental Protection Group Company to help small and medium-sized cities in the People’s Republic of China (PRC) turn their growing mountains of solid waste into a sustainable source of renewable energy. The loan agreement was signed today […]

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China’s biggest telecoms equipment maker and its Italian partner Sirti have signed a €1bn contract to build a high-speed mobile data network

SHANGHAI stocks fell today as investors, uncertain about the restart of initial public offerings, waited on the sidelines.

SHANGHAI stocks vacillated between gains and losses this morning as distilleries advanced but cement producers slumped.

STANDARD Chartered Bank (China) Ltd raised 5 billion yuan (US$800 million) in the domestic interbank bond market, the largest yuan-dominated bond sale by a foreign bank in China.

CALIFORNIA set up a trade and investment office in Shanghai today to bolster economic ties with China and four agreements worth over US$200 million were signed in the presence of Californian Governor Edmund G. Brown Jr.

US retailers surged yesterday after turning in better sales, and major stock market indexes rose for a fourth day straight.

OIL fell below US$94 a barrel yesterday after the International Energy Agency lowered its forecast for global oil demand.

CHINESE banks lent more than expected last month, adding to signs of an economic recovery but also arousing worries over financial instability amid the quick credit growth.

THE cost of bailing out Cyprus has swollen to 23 billion euros (US$30 billion), with the crisis-hit country having to take on the lion's share of the measures needed to avoid bankruptcy, according to a draft document by the country's international creditors.

DESPITE a drop in the number of foreign-funded enterprises in China, the total investment involved has continued to rise, the State Administration of Industry and Commerce said yesterday.

LUXURY boat makers hope to make a splash by riding a rising wave among Chinese toward joint ownership and leasing of yachts, exhibitors attending the 18th China (Shanghai) International Boat Show said yesterday.

THE International Energy Agency cut its forecasts for global oil demand in 2013 for a third consecutive month and predicted the weakest consumption in Europe since the 1980s.

FOUR Japanese automakers, including Toyota Motor Corp and Nissan Motor Co, are recalling 3.4 million vehicles sold around the world because airbags supplied by Takata Corp are at risk of catching fire or injuring passengers.

THE production and sales of vehicles in China in March helped drive the total figures for the first quarter of the year past the 2-million mark for the first time in history, the China Association of Automobile Manufacturers said yesterday.

CHINA'S 40 trillion yuan (US$6.5 trillion) spending plan on infrastructure construction up to 2020 may see 60 percent of the country urbanized, up from 51 percent now, economists said.

SIGNATURE Development Corp and a Chinese real estate firm will build an all-equity US$1.5 billion housing project along the Oakland, California, waterfront as residential property values rise in the San Francisco region.The project will consist of 3,10…

SHANGHAI stocks yesterday ended a two-day rally on low investor sentiment despite an unexpected rise in new loans and money supply in March.