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Top 5 News From ChinaKnowledge.comBYD aims to be China's No. 1 auto makerShanghai Forte Land to issue RMB 1.9 bln in corporate bondsCNPC HK agrees to buy into China Oil & GasChinese stocks open 0.84% lower on MonJingneng Thermal Power to invest in Mongolia wind power project

Sep. 21, 2009 (China Knowledge) - Shandong Luyang Share Co Ltd<002088>, a ceramic fiber producer based in Shandong Province, today began to issue up to 24 million shares for RMB 350 million at most or RMB 18.22 per share to fund the development of five plants, sources reported.

The Shenzhen-listed enterprise has already put three of the five plants into operation, including a project with an annual output of 16 million of mullite bricks, a soluble fiber project capable of producing 20,000 tons a year and a ceramic fiber project with an annual output of 18,000 tons.

The remaining two projects, which are both in the process of construction, are a thermal baffle project having a designed yield of 20,000 tons a year and a research and development project for ceramic fiber.

In the first half of this year, Shandong Luyang Share's total operating revenue reached RMB 355.15 million, whereas it earned RMB 374.88 million a year earlier, reflecting a year-on-year decline of 5.26%. Net profit attributable to shareholders decreased 8.83% year on year to RMB 60.67 million from RMB 66.55 million.


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Amway pr polyUrethane machine ojects 10% growth in China in 2009

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Amway projects 10% growth in China in 2009Published: 29 Mar 2009 21:19:37 PST

Mar. 30, 2009 (China Knowledge) - Amway Corp, a U.S.-based direct sales giant, expects to realize double-digit growth in China despite the global economic slowdown, according to Amway president Doug DeVos, the Shanghai Daily reported.

DeVos said that the company plans to maintain a 10% business growth in China, the same level as in the company's markets in Latin America, India, Russia, Eastern Europe, Thailand and the Philippines.

It is a good time for Amway to invest more in China because some companies are hesitating to spend more money here or even chosing to leave this emerging market, added DeVos. The company will continue to invest in China and expand its manufacturing facilities in Guangzhou, Guangdong Province.

Last year, Amway poured around US$15 million into its manufacturing facilities in Guangzhou in Guangdong Province to begin manufacturing home filtration systems.

Currently, Amway China has more than 6,000 employees. Its sales revenue in China increased 27% to RMB 17.6 billion in 2008, accounting for a quarter of Amway's total sales revenue.

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Top 5 News From ChinaKnowledge.comBYD's H1 sales surge 176% year on yearIBM Hong Kong to buy 20% equity interest in ISTCABC to offer RMB 50-bln credit line to Baosteel GroupCBRC tightens control on personal investment productsShanxi Securities, Deutsche Bank to launch brokerage JV

Jul. 10, 2009 (China Knowledge) - Better Life Commercial Chain Share Co Ltd<002251>, which is principally engaged in wholesale and retail business in China, on Jul. 6 started construction on an expansion project at an existing commercial property on Jianshe Road, Xiangtan City, Hunan Province, sources reported.

The Shenzhen-listed company plans to inject RMB 500 million into the project, which covers a combined floor area of nearly 20,000 square meters (sq m). The project started operation in 2001 and realized RMB 400 million in sales revenue last year.

After the expansion, the project will have a combined floor area of 120,000 sq m and will include shops, restaurants, a wax museum and an ice rink. The expanded project will open for business at the end of this year.

Reportedly, the company also intends to launch two stores in Hunan Province, one in Hengyang City with a potential floor area of 30,000 sq m and the other in Yongzhou City with a potential floor area of 40,000 sq m.

The enterprise has set up a total of 17 stores in Hunan Province and Jiangxi Province in the past eight years. In 2009, the firm aims to add stores with a combined floor area of 210,000 sq m and to exceed RMB 2 billion in total sales revenue.


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Top 5 News From ChinaKnowledge.comFAW, Volkswagen set up JV plant in ChengduGreentown China sees sales revenue exceed RMB 10 blnFMR buys more ZTE H-sharesIntel to outsource Southbridge chips to ASEMainland market to be more accessible to HK financial firms

May 12, 2009 (China Knowledge) - Gemdale Corp<600383> announced on May 9 that its sales revenue reached RMB 1.5 billion in April, a year-on-year jump of 197.5%. Sales revenue skyrocketed 194.2% to 147,800 square meters (sq m), sources reported.

In the first four months of this year, the Shanghai-listed company recorded sales revenue of RMB 4.86 billion, an increase of 61.3% year on year. Sales area totaled 508,700 sq m, a year-on-year growth of 76.5%.

In the period from May to June, the real estate developer plans to sell 10 projects, which are located in Beijing, Shanghai, Tianjin, Nanjing, Foshan, Hangzhou, Wuhan, Xi'an and Shenyang.

Ling Ke, board chairman, said that the firm will speed up property sales to replenish its working capital this year. As of the end of last year, the enterprise owned unsold properties, including those under construction, totaling 11 million sq m in floor area.

This year, Gemdale intends to start construction on properties totaling 1.35 million sq m in area and to complete properties totaling 1.7 million sq m in area. It will remain focused on real estate development in the Pearl River Delta, the Yangzi River Delta and the area around the Bohai Sea.



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Apr. 23, 2009 (China Knowledge) - Hong Kong stocks rose on Thursday, with the benchmark Hang Seng Index rising 336.01 points or 2.26% to close at 15,214.46.

Mainboard turnover rose to HK$52.610 billion.

The Hang Seng China Enterprise Index, which tracks the overall performance of 43 Chinese mainland state-owned enterprises on the Hong Kong Stock Exchange, surged 217.84 points or 2.5% to 8,939.09 points.

Market heavyweight HSBC Holdings Plc<5><HBC>, which accounts for the largest weighting for the Hang Seng Index, swelled 2.35% to HK$52.55.

PCCW Ltd<8> plunged 13.10% to HK$3.58 on news that a Hong Kong court has blocked the company's privatization plan.

Zhuzhou CSR Times Electric Co Ltd<3898> soared 19.59% to HK$10.56. China National Materials Company Ltd<1893> jumped 10.74% to HK$5.98.

Auto stocks led the upward trend on Thursday. Denway Motors Ltd<203> rose 1.63% to HK$3.11. Great Wall Motor Co Ltd< 2333> surged 7.94% to HK$4.35. Dongfeng Motor Group Co Ltd<489> edged up 6.70%, hitting HK$5.25. Sinotruk (Hong Kong) Ltd<3808> increased 3.97% to HK$6.80. BYD Company Ltd<1211> climbed 0.99% to HK$20.35.

Insurance stocks were gainers. Top insurer China Life Insurance<601628><2628><LFC> rose 4.03% to HK$27.35 while smaller rival Ping An Insurance<601318><2318> surged 1.98% to HK$51.30. PICC Property & Casualty Co Ltd<2328> swelled 5.99% to HK$4.60. China Insurance International Holdings Co<966> ended flat at HK$13.46.

Shares of shipping firms ended mixed today. China COSCO Holdings Company Ltd<601919><1919> rose 2.05% to HK$6.47. China Shipping Development Company Ltd<600026><1138> slid 0.91% to HK$8.69. China Shipping Container Lines Co Ltd<601866><2866> fell 3.06% to HK$1.90. Pacific Basin Shipping Ltd<2343> rose 3.16% to HK$4.24.

China Pharmaceutical Group Ltd<1093> rose 0.79% to HK$3.80. The United Laboratories International Holdings Ltd<3933> went up 1.76% and hit HK$2.88. Guangzhou Pharmaceutical Company Ltd<600332><874> slipped 2.55% to HK$2.81. China Shineway Pharmaceutical Group Ltd<2877> edged down 5.31% to HK$4.63. Shandong Luoxin Pharmacy Stock Co Ltd<8058> rose 1.26% to HK$2.40.

Zijin Mining Group Co Ltd<601899><2899> surged 3.01% to HK$5.81. Zhaojin Mining Industry Company Ltd<1818> swelled 0.20% to HK$10.00. Lingbao Gold Company Ltd<3330> went down 0.34% to close at HK$2.91. Sino Gold Mining Limited<1862> edged down 0.52% to HK$28.20.

Top 5 News From ChinaKnowledge.comAcer's netbooks to account for 25% of Acer's notebook shipmentsMainland China to eliminate tariffs on some HK, Macao productsIndia blocks Huawei's plan to invest in ITIChina to ease restrictions on Wi-Fi enabled handsetsGreenland Group to start RMB 7-bln Yan'an project in SepJun. 26, 2009 (China Knowledge) - Beijing plans to sell units in 45 property projects in July, 16 of which are totally newly-launched, sources reported.

Twenty-nine of the property projects, or 64.4% of the total, are located in Beijing's eight major districts. Fifteen of the 20 projects in Chaoyang District are small and medium-sized apartment projects, and five are high-end villa projects whose units each have a floor area of more than 500 square meters.

As of Jun. 21 this year, Beijing had sold 8,013 units totaling 910,000 sq m in unfinished apartment projects and 1, 973 units totaling 287,000 sq m in completed apartment projects.

Reportedly, Beijing's second-hand property transaction volume had already exceeded 60,000 units as of Jun. 20, whereas the volume for all of 2008 was only about 70,000 units.

In the first half of this year, Beijing saw a year-on-year transaction volume decline of 3% in the property leasing market, and the average leasing price for apartments in the city was RMB 2,300 per unit a month. During the same period, the average leasing price was RMB 2,550 per unit a month in Chaoyang District, RMB 2,400 in Haidian District, RMB 2,420 in Fengtai District and RMB 2,200 in Changping District, sources reported.


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Mozart's printing company final work, magic in Beijing

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Mozart's final work, magic in BeijingPublished: 19 Nov 2009 13:02:01 PST

Chinese opera singer Huang Ying performing on stage as Pamina in the New York Metropolitan Opera's The Magic Flute in 2006.

By Du Guodong

Mozart's opera The Magic Flute has been staged countless times since its debut more than 200 years ago, tonight a new adaptation of the classic will meet Beijing audiences at the National Center for the Performing Arts (NCPA).

A cooperative production from the NCPA, Norwegian State Opera and Opera Hong Kong, tonight's performance is the second stop for The Magic Flute in the wake of its Hong Kong debut earlier this month.

The new adaptation boasts an international cast with artists hailing from eight different countries. Renowned director Paul Curran is at the helm and Jari Hamalainen holds the baton. Hamalainen also served as the conductor of the 12th Beijing International Music Festival's opening opera Macbeth early last month.

Although the original production of The Magic Flute is sung in German, the new collaboration has seen the dialogue translated into English.

"The purpose of the change is to be friendlier to audiences and there will be Chinese subtitles during the performance to cater to local audiences," explained Warren Mok, chief producer of the opera, who is also a celebrated tenor and art director of Opera Hong Kong.

"Mozart tried to be funny when writing the play and we changed the dialogue into English and added extra elements to amuse the audience," Mok said.

"During its Hong Kong debut, the audience often burst into laugher and I promise that audiences here will laugh both in and out of the theater."

Well-known Chinese soprano Huang Ying will play the lead Pamina. Meeting the press Tuesday in Beijing, Huang explained that the current production is her first lead role in an opera in China. She said that she has developed a strong understanding of the role she is playing, making her debut with the New York Metropolitan Opera in their 2006-2007 season as Pamina and playing the character with several companies.

"Since 2002, I have taken part in six editions of The Magic Flute in the Netherlands and the US and this time I tried to add a strong Chinese flavor," she said.

"I think Pamina is just like China's ancient heroine Hua Mulan, who embodies a new kind of women, with an iron hand in a velvet glove, similar to women in modern society."

"We have combined in the play our understanding of Western concepts and Mozart's music as well as the presentation of the inner world of the main characters," Huang added.

Another highlight of the cooperative performance is the stage design by Gao Guangjian, who served as stage designer for Red Cliff and Turandot.

In The Magic Flute, Gao has adapted the traditional scene set in Egypt to one set in China. He said that it is common practice to shift scenes in operas to the country in which they are being staged.

"Audiences will be exposed to a variety of traditional Chinese cultural icons. The curtain is dotted with ancient oracles and the soldiers wear costumes similar to that of Terracotta Warriors," Gao explained. "Both the prince and the princess are also wearing traditional Chinese clothes."

In terms of choreography and characters, small changes have also been made to localize the production. "Actions and movements of the boa that chases the prince in the beginning are based on that of the traditional dragon dance and the moment the prince plays the flute, the animals that rush out have been replaced by Chinese Zodiac animals."

Gao added that he endeavored to not only infuse the production with Chinese elements, but also with modern design. He explained that geometric modeling and lighting rende搅拌机 即时通讯 管理咨询 系统下载

Apr. 23, 2009 (China Knowledge) - the State Council, or China's Cabinet, said Wednesday in a meeting that the central government will put RMB 65 billion (US$9.5 billion) towards infrastructure and services in rural areas to help farmers deal with the economic recession.

The infrastructure investment will center on construction of facilities for education and health as well as water supplies, electricity, communications and roads to improve the livelihood of rural residents.

The government will also promote the employment of rural migrant workers and increase credit available to rural residents.

In addition, the council decided that the central government will allocate another RMB 3 billion to boost the development of animal husbandry, including pig raising and dairy farming.

The government also encourages rural residents to build new houses or improve their housing conditions to expand domestic demand.

The Chinese dairy industry was hit hard by the tainted milk scandal last year, resulting in a sluggish market, excess raw milk, and low prices. However, the situation is turning around in the second half of 2009 with higher milk prices and less excess dairy products. Chinese dairy farmers are bracing themselves for a market boom and keen to expand their businesses.

"The worst period has passed," said Man Yuejiang, a dairy farmer in Ningxia Hui Autonomous Region who expanded the number of cows from 150 to 500, adding that the raw milk price has now bounced back to 2.60 yuan per liter

The Chinese government is encouraging dairy farmers to expand their businesses with subsidies. The Chinese dairy industry is expected to see a real turning point in September.

The focus on the raw milk quality is a tribute to the recovery of Chinese dairy industry. After the melamine scandal, the Chinese government has taken a series of measures to regulate and standardize Chinese dairy industry to ensure that the dairy source quality is safe for processing, and that manufacturing is stringently checked for quality.

The quality of milk is improved with these efforts, and the consumer confidence is coming back.

For years, too many organizations were responsible for the supervision of the dairy sector. As a result, nobody knew what their duties were and there were many loopholes with the management system. The crisis compelled those in the industry to rethink and coordinate quality supervision.

With efforts from the many players, the Chinese dairy industry is walking out of its shadow. Dairy consumption is up from 50 percent to 70 percent currently, and is expected to achieve 90 percent at the end of 2009, according to China’s Ministry of Industry and Information.

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CDB gran Play equipment factory ts RMB 150 bln credit line to Henan Province

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CDB grants RMB 150 bln credit line to Henan ProvincePublished: 25 Feb 2009 00:00:00 PST

Feb. 25, 2009 (China Knowledge) - China Development Bank, one of the country's major policy banks, yesterday signed a financial development cooperation agreement with Henan’s provincial government to extend an RMB 150 billion credit line to the province during the next three years.

The funds will be used to support key projects in Henan Province, including infrastructure construction, transportation, energy and energy projects.

As of the end of 2008, CDB had already granted RMB 210 billion in loans to Henan Province to help improve infrastructure, to support industrial structure upgrading, and to help the local small and medium-sized enterprises (SMEs).

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网络传真 代办签证 港澳游 ペニーオークション 競馬

Shantou

Major Economic Indicators (2007)

Land Area

2,065 km²

Population

5.0 million

GDP

RMB 85 billion (US$11.3 billion), 13% up

GDP Composition

Primary Industry (Agriculture)

5.6%

Secondary Industry

(Industry and Construction)

52.6%

Tertiary Industry (Service)

41.8%

GDP Per Capita

RMB 17,049 (US$2,267)

Unemployment Rate

3.1%

Fixed Asset Investment

RMB 20.7 billion, 17.1% up

Utilized FDI

US$171.6 million, 22.9% up

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China's shipbuilding enterprises received orders of more than 4.1 million dead weight tons (DWT) in July, accounting for nearly 70 percent of the global market share, according to statistics from the China International Ship Industry Association (CISIA).

According to the survey of 70 key shipbuilding enterprises, completed shipbuilding in June increased 60.2 percent year-on-year to 12.33 DWT and new orders in July hit 4.1 million, exceeding those in the world’s leading markets of Japan and South Korea. It also tops new orders worldwide for two consecutive months.

The amount of exports from the three major types of ships amounted to $9.13 billion in the first half of this year, making up nearly 70 percent of the total amount of shipbuilding exports.

China is the first market to rebound after the global shipbuilding industry dived and hit bottom in May. According to statistics from Clarkson Research, global orders in the shipbuilding industry hit zero in May, the lowest point in seven years, among which container shipbuilding remained at zero from November 2008 to June 2009.

China's market was also stagnant due to oversupply and suffered from canceled orders, delayed shipments and strained finances in May.

To enhance its shipbuilding industry's competitive edge, China issued a series of policies, including increasing loans to the shipbuilding industry and expanding the domestic demand. Meanwhile, some large shipbuilding enterprises, like COSCO shipyard and China Shipbuilding Industry Corporation (CSIC) cooperated in technology, resources and talents to reduce costs and activate the market.

Restructuring in the industry's structure is underway. "The China shipbuilding industry needs to break through in productivity, efficiency, power consumption, environmental protection and safety after the crises ease," said Yang Xinfa, vice deputy secretary-general of CISIA.

China also strives to move from traditional shipbuilding to high-tech markets like liquefied natural gas (LNG) carriers and ocean engineering due to the financial crisis.

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Jan. 12, 2009 (China Knowledge) - China Eastern Airlines Corp Ltd<600115><670><CEA>, the nation's third-largest carrier, said the company may suffer a loss of RMB 6.2 billion on fuel hedging contracts for 2008, according to its statement filed with the Hong Kong Stock Exchange.

The company said the big loss came after the unexpectedly slide in global oil prices late last year. It said the fair-value hedging losses were US$14.15 million as of end-December.

China Eastern reported losses of around RMB 2.292 billion for the third quarter last year, with the assets-debt ratio hitting 98.49%.

The Shanghai-based carrier said the aviation industry last year was confronted with challenges due to the weakening demand amid the global economic slowdown. And it expects to see "big losses" in operation profits for 2008.

The company posted a net profit of RMB 586 million for 2007.

China Eastern last month said it would receive a capital injection of RMB 7 billion from the central government to deal with financial difficulties. And it estimates the capital injection would cut its assets-debt ratio to 90.13% from 98.49%.

Top 5 News From ChinaKnowledge.comBYD Electronic to buy handset charger business from BYD1st home-grown jumbo jet to take maiden flight in 2014Hang Seng Index opens 348 points higher on MonChina's CGNPC, Kazakhstan sign nuclear power agreementChinese stocks open 0.37% higher on MonMay 4, 2009 (China Knowledge) - CNOOC Ltd<0883><CEO>, an arm of China's largest offshore oil company, China National Offshore Oil Corp, announced on Apr. 29 that its daily net production of oil and natural gas hit 566,860 barrels in the first quarter of this year, a year-on-year increase of 15%, sources reported.

In the period from January to March, total production of crude oil and liquids stood at 468,535 barrels per day, growing 19.7% year on year, while daily gas yield was 563 million cubic feet.

The oil developer saw overseas oil and gas output rise 30.9% to 31,481 barrels per day in the first three months.

The un-audited revenue of the enterprise, however, dived 41.9% to RMB 13.95 billion due to the low price of crude oil. In the first quarter, the firm???s average oil price plunged 53.2% to US$41.56 per barrel.

In the first three months of this year, the oil company recorded a capital expenditure of RMB 7.51 billion, of which RMB 5.62 billion was spent for oilfield development.


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Oct. 28, 2009 (China Knowledge) - Air China Ltd<601111><0752>, the country's flagship carrier, Tuesday said the company has returned to profit in the third quarter of this year, thanks to fuel-hedging gains and a warming-up of the domestic air travel market since the beginning of this year.

The Beijing-based carrier's net profit in the third quarter totaled RMB 885.3 million, compared with a net loss of RMB 1.97 billion a year ago, the company said in a statement.

Air China reported a gain of RMB 2.02 billion from fuel hedging contracts.

In the first nine months of the year, Air China's passenger volume rose 17% year on year to 29.52 million. The number of passengers on international routes dropped nearly 3% to 3.89 million in the period, and cargo volume fell 2.74% year on year due to the global economic downturn.

China Eastern Airlines Ltd<600115><0670><CEA> and China Southern Airlines Ltd<600029><1055><ZNH>, two of China's three airline giants, have also reported earnings results for the third quarter of this year.


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Apr. 9, 2009 (China Knowledge) - Whirlpool Corp, the world's largest white home appliance maker, announced yesterday that it will shut down its washing machine manufacturing facility in Shanghai, slashing 600 jobs to optimize its operations in China, Reuters reported.

The company said it will transfer its washing machine production to the Hisense-Whirlpool joint venture plant in Zhejiang Province to cut costs.

Whirlpool, which sees great potential in the Chinese market, will make no changes to its regional headquarters, its research and development center, and its commercial and administrative operations in China.

In May, 2008, Whirlpool and Hisense<600060><921> invested about RMB 900 million (US$129 million) to set up a joint venture to produce high-end washing machines and refrigerators under the Hisense and Whirlpool brands for global consumers.

Whirlpool, which has annual sales revenue of about US$19 billion, has 70,000 employees and 69 manufacturing and technology research centers throughout the world.

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Regards,

Felix Tshimanga, MD

Dec. 12, 2008 (China Knowledge) - China International United Petroleum and Chemical Corp (Unipec), a wholly owned affiliate to Sinopec<600028><386><SNP>, has resumed diesel export, the first time in almost five months, due to the lower fuel demand triggered by the economic slowdown worldwide, as per industry sources.

Unipec, China's largest oil trading company, in December, will ship three cargoes of diesel with a sulfur content of 0.05% for delivery, sources reported, citing an official with the company, as saying.

However, detailed information is not available at present.

China National United Oil Corp, the trading unit of another Chinese oil giant PetroChina<601857><857><PTR>, has resumed gasoline exports from its Dalian refinery since September.