The nytimes is reporting that despite China’s $ 1.8 trillion dollars worth of foreign exchange reserves, China’s central bank is in serious need of a cash infusion. This is a result of major losses from a trillion dollars worth of bad investments into US Treasury bonds and mortgage-backed debt issued by Fannie Mae and Freddie Mac. Even more inter...

As China’s foreign exchange reserves continue to grow and the greenback continues to fall, using US dollar holdings to buy into offshore companies is the best way to hedge against loss, the China Securities News reports

Hainan Airlines and the Yunnan provincial government have set up a regional airline carrier to rival China Eastern Airlines. China Business News writes that China Eastern has only itself to blame

The Wall Street Journal, the Financial Times and the South China Morning Post all led their online China business coverage with the release of April inflation numbers by the National Statistics Bureau. The WSJ relies on an AP feed, while the FT gets its wire news via Reuters. China's consumer price index rose by a near decade-high 8.5% year-on-year in Ap...

Chinese shipbuilders are facing a credit crunch following the US sub-prime crisis. Chinese banks do not offer the financing products they require, writes the Shanghai Securities News

The sub-prime mortgage crisis has considerably worsened economic conditions for companies in the US. China's vice minister of commerce is urging Chinese companies to take advantage and buy-up the most vulnerable, China Business News writes

China is the second largest automobile market in the world and now the world's third largest automobile producer, behind the US and Japan. Automakers produced 8.88 million motor vehicles last year, up 22.02% from a year earlier, including 6.38 million passenger vehicles and 2.5 million commercial vehicles.And more impressively, China has surpassed Japan ...

Sam Flemming has an excellent post on the CiC blog about the different communities and ecosystems in China's online universe.The Financial Times sheds some light on the battle between China's US$200 billion sovereign wealth fund and the State Administration of Foreign Exchange (SAFE), a Chinese state investment agency with even deeper pockets. ...