Chen Deming, the Chinese commerce minister, a signed a memorandum of understanding with Australia to increase infrastructure construction while paying a visit to Parliament House in Canberra on Tuesday. read more
ACBW Feature Articles
Official reports on Bo Xilai give rise to fresh rumors
Soon after the state news agency Xinhua released the news of Bo Xilai's suspension from both the Communist Party's Central Committee and its Politburo shortly late on April 10, sources quoted by the US-based citizen journalist website Boxun said that the order to murder the British businessman Neil Heywood came directly from Bo and his assistant Zhang Xiaojun carried out the deed. read more
Engaging China - 4th Year Australia-China BusinessWeek 30-31 May 2012 Melbourne
5th April 2012, Australia – China over the last ten years has had a profound impact on Australia, given Australia’s resources base and its small market influenced by global trends and shifts in world production patterns. The impact will only become greater as China’s economy continues to grow and by 2050, as many predict, will be the largest in the world. How to build your business in Chinese markets? What are the key factors for Australian business engaging in China? Is your business capable of staying ahead of the game? read more
Major firms recovering but private firms feel the pinch
MANUFACTURING activities in China's major state-owned enterprises seemed to regain their growth momentum last month while in private and export-oriented companies it continued to deteriorate, two surveys showed yesterday. The official Purchasing Managers' Index, which is weighted toward state-owned enterprises, was 53.1 in March, a one-year high and up 2.1 points from a month earlier, the China Federation of Logistics and Purchasing said. read more
China to cut tariffs to boost imports
China is considering a number of policies to boost the country's imports and improve its trade balance, according to a cabinet statement released Friday. read more
Wenzhou to move ahead on private lending reforms
The city of Wenzhou in eastern China's Zhejiang province is ready to liberalize its interest rates, although its proposal to this effect was not included in the city's financial reform program approved by the Chinese State Council, according to the Shanghai newspaper First Financial Daily. read more
China No.1 for online shopping: PwC survey
The numbers of frequent online shoppers of people in China is double that of the United States and the UK, and is even four times that of European customers, according to the global leading accounting firm PricewaterhouseCoopers.PwC did a survey into global multi-channel retail sales by interviewing 7,005 people between August and September last year, including customers' shopping habits. read more
China's manufacturing activity jumps unexpectedly
China's Purchasing Managers Index (PMI), a preliminary readout of manufacturing activity, unexpectedly rose for four consecutive months to the highest level since March last year. The PMI jumped to 53.1 in March 2012, 2.1 points higher than a month earlier, the China Federation of Logistics and Purchasing said Sunday. the PMI climbed from 49 to 51 From November to February. It was 50.3 and 50.5 in December and January, respectively. read more
China has 2.7 million with assets of RMB6m: Hurun Report
There are 2.7 million millionaires whose assets are worth more than 6 million yuan (US$950,000) in China, the latest Hurun Report said March 27. Hurun and Industrial Bank made public a white paper — the Chinese Luxury Consumer White Paper — of statistics on China's wealthy. The white paper showed that these 2.7 million people are most likely to spend money on travel, health and education. read more
Coca-Cola opens largest production facility in China
An opening ceremony was held in Liaoning province Thursday to inaugurate Coca-Cola's new bottling plant, its largest production facility in China.With an investment of 1 billion yuan (US$158 million), the new facility covers an area of more than 170,000 square meters in Yingkou, said Muhtar Kent, chairman and CEO of Coca-Cola. read more
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