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Edible fungi earns China almost US$8b

July 27,2007

By STAFF EDITOR

EMC plans China expansion

July 05,2007

By STAFF EDITOR

Export rebates to be slashed or scrapped

June 20,2007

By STAFF EDITOR

The central government will scrap or slash export rebates on over 2,831 types of goods to cut its escalating trade surplus and ease worsening tensions with its trading partners, the China Business Journal reported. Export rebates will be removed from 553 polluting and energy-consuming goods, including salt, cement, fertilizer and leather products, from July 1. Export rebates on nearly 2,268 low value-added goods will be reduced, including toys and textiles that are popular in America and Europe. The move comes as US lawmakers consider legislation imposing exponentially increasing tariffs on Chinese goods to overcome what they claim is an unfair trade advantage due to the artificially undervalued Chinese currency. China’s May trade surplus hit US$22.45 billion.

Eaton expands in China

June 18,2007

By STAFF EDITOR

US-based Eaton Corp will invest US$10 million in a 15,000-square-meter production base in Suzhou, Jiangsu province, China Business News reported. The factory, which is under construction, is expected to double the company's current production capacity and double its sales in China to US$1 trillion by 2010. Eaton is also considering setting up a global production headquarters for medium-voltage power supply units to rival its competitors like Siemens. The planned headquarters will be built by a Chinese company Eaton purchased last year for US$64 million.

EDF buys Chinese emission credits

June 14,2007

By STAFF EDITOR

EDF (Electricite de France) purchased 3.6 million metric tons of carbon emission credits from Guangdong Nuclear Power Holdings to help the French company meets its greenhouse gas emission targets, Economic Daily reported. The credits were generated from the Chinese company’s wind power projects. The 1997 Kyoto protocol allows companies in developed economies to purchase carbon credits from developing economies to meet their emission requirements. EDF – the largest power producer in Europe – is preparing for further cooperation with Guangdong Nuclear in power generation and greenhouse gas emissions trading. China is looking to use non-carbon energies such as nuclear energy, hydropower, biomass fuels and gas to reduce its greenhouse gas emissions 950 million metric tons by 2010.

Energy demands outpace coal supply

April 24,2007

By STAFF EDITOR

Energy demand is up by 15% this year, and in the first quarter of this year China was a net importer of coal, a troubling prospect for a country concerned over dependence on foreign energy sources.

Economy report predicts upward stock market trend

April 23,2007

By AMY CHEUNG

The China Academy of Social Science’s latest report into China’s economy predicts a strong upward trend for domestic stock markets in 2007. As the China Securities Journal reports, the China Economy Blue Book Spring 2007 also foresees significant changes in market size, pricing and risk. Read its full report here.

Economy needs to be watched: NBS

April 20,2007

By AMY CHEUNG

China’s rapid 11.1% first-quarter GDP growth doesn’t mean the economy is overheating, according to China’s National Bureau of Statistics. However, as China Business News reports, the bureau accepts that overheating is a very real risk if the economy continues on its current path. Read the full report here

EU will not join US case in WTO

April 17,2007

By STAFF EDITOR

Despite apparent pressure to join the US case with the WTO against China, the EU will watching from the sidelines, any decision for action apparently dependent on the outcome.

Economic growth straining resources and environmental reality

April 16,2007

By STAFF EDITOR

China cannot continue its rapid growth by applying the same “energy intensive” model that worked for the world’s current developed nations. If China consumed energy like the US, it would require 4.5 billion tons of oil per year—more than the annual global supply. The government is taking measures to improve fuel efficiency, as indicated in its recently-announced Five Year Plan for Energy Development.

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Today’s Daily Briefs E-Mail

	Edible fungi earns China almost US$8b July 27,2007 By STAFF EDITOR EMC plans China expansion July 05,2007 By STAFF EDITOR Export rebates to be slashed or scrapped June 20,2007 By STAFF EDITOR The central government will scrap or slash export rebates on over 2,831 types of goods to cut its escalating trade surplus and ease worsening tensions with its trading partners, the China Business Journal reported. Export rebates will be removed from 553 polluting and energy-consuming goods, including salt, cement, fertilizer and leather products, from July 1. Export rebates on nearly 2,268 low value-added goods will be reduced, including toys and textiles that are popular in America and Europe. The move comes as US lawmakers consider legislation imposing exponentially increasing tariffs on Chinese goods to overcome what they claim is an unfair trade advantage due to the artificially undervalued Chinese currency. China’s May trade surplus hit US$22.45 billion. Eaton expands in China June 18,2007 By STAFF EDITOR US-based Eaton Corp will invest US$10 million in a 15,000-square-meter production base in Suzhou, Jiangsu province, China Business News reported. The factory, which is under construction, is expected to double the company's current production capacity and double its sales in China to US$1 trillion by 2010. Eaton is also considering setting up a global production headquarters for medium-voltage power supply units to rival its competitors like Siemens. The planned headquarters will be built by a Chinese company Eaton purchased last year for US$64 million. EDF buys Chinese emission credits June 14,2007 By STAFF EDITOR EDF (Electricite de France) purchased 3.6 million metric tons of carbon emission credits from Guangdong Nuclear Power Holdings to help the French company meets its greenhouse gas emission targets, Economic Daily reported. The credits were generated from the Chinese company’s wind power projects. The 1997 Kyoto protocol allows companies in developed economies to purchase carbon credits from developing economies to meet their emission requirements. EDF – the largest power producer in Europe – is preparing for further cooperation with Guangdong Nuclear in power generation and greenhouse gas emissions trading. China is looking to use non-carbon energies such as nuclear energy, hydropower, biomass fuels and gas to reduce its greenhouse gas emissions 950 million metric tons by 2010. Energy demands outpace coal supply April 24,2007 By STAFF EDITOR Energy demand is up by 15% this year, and in the first quarter of this year China was a net importer of coal, a troubling prospect for a country concerned over dependence on foreign energy sources. Economy report predicts upward stock market trend April 23,2007 By AMY CHEUNG The China Academy of Social Science’s latest report into China’s economy predicts a strong upward trend for domestic stock markets in 2007. As the China Securities Journal reports, the China Economy Blue Book Spring 2007 also foresees significant changes in market size, pricing and risk. Read its full report here. Economy needs to be watched: NBS April 20,2007 By AMY CHEUNG China’s rapid 11.1% first-quarter GDP growth doesn’t mean the economy is overheating, according to China’s National Bureau of Statistics. However, as China Business News reports, the bureau accepts that overheating is a very real risk if the economy continues on its current path. Read the full report here EU will not join US case in WTO April 17,2007 By STAFF EDITOR Despite apparent pressure to join the US case with the WTO against China, the EU will watching from the sidelines, any decision for action apparently dependent on the outcome. Economic growth straining resources and environmental reality April 16,2007 By STAFF EDITOR China cannot continue its rapid growth by applying the same “energy intensive” model that worked for the world’s current developed nations. If China consumed energy like the US, it would require 4.5 billion tons of oil per year—more than the annual global supply. The government is taking measures to improve fuel efficiency, as indicated in its recently-announced Five Year Plan for Energy Development. 1 2 3 4 5 6 7 8	Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. MOST POPULAR News of iPhone deal between Apple and China Mobile? Shanxi stainless steel maker buys parent’s power plant CB Richard Ellis acquires high-end Shanghai complex Youngor 1H net profit up 49% to US$284m Quake erodes profits at Sichuan white goods maker COSCO builds world’s biggest semi-submersible vessel Jiangxi to develop aviation hub China launches global hunt for SOE compliance chiefs Kunming Machine Tool 1H net profit up 57% Shenzhen Fortune launches $29.25m VC fund Go to Complete List >

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