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Articles from Best China Suppliers

Wu Yi to Lead Product-Safety Panel 2007-08-23 00:32:53 Beijing has appointed Vice Premier Wu Yi to lead a 19-member cabinet panel that will look into ways to fix the country’s problems with food and product safety. The widening furor over cases of unsafe Chinese-made products has yet to have a noticeable effect on the country’s overall exports, which continue to grow quickly. Read Original Post Here ...

Shanghai Plans Trade Suspension 2007-08-23 00:32:52 The Shanghai Stock Exchange said it may suspend stocks that exhibit "abnormal volatility" in order to curb insider trading and speculative trading in new issues. From Sept. 1, the exchange said, it may suspend a stock for up to 30 minutes if it more than doubles in value or if it falls more than 50% from its opening price. Read Original Post Here ...

Hong Kong Toy Maker Hard to Avoid 2007-08-23 00:32:52 A major Hong Kong toy maker was identified as the source of some lead-tainted toys sold by Mattel Inc. Early Light Industrial Co. is so low-profile that it doesn’t even have a corporate Web site, let alone a public-relations department. Yet it is one of the largest toy manufacturers in Asia, with more than 40,000 workers, according to an employee. Read Original Post Here ...

China Everbright Agrees to Capital Injection 2007-08-23 00:32:51 China Everbright Bank Co. said its board has agreed to accept a capital injection of as much as 20 billion yuan ($2.64 billion) from Central Huijin Investment Co., a state-run investment vehicle, in another step toward a planned listing of shares next year. Read Original Post Here ...

Chery Signs DealTo Build Cars in Iran 2007-08-23 00:32:51 Chery Automobile Co. has signed an agreement with Iran’s biggest auto maker and a Canadian company to invest $370 million in an assembly plant to sell cars to Iran and neighboring countries. Chery Automobile said the venture is with Iran Khodro Co. and Solitac Inc., which offers engineering services to auto-parts companies. Khodro will have a 49% stake, while Chery will hold 30% and Solitac 21%. Read Original Post Here ...

Beijing Invests in Powerful Weather Computer 2007-08-23 00:32:50 Beijing’s weather bureau bought a supercomputer from International Business Machines Corp. to help forecast rain and pollution during next year’s Olympics. The supercomputer, an IBM System p575, costs "several million dollars," according to IBM officials. Read Original Post Here ...

Inflation Pushes Up Pace of Rate Hikes 2007-08-23 00:32:49 The central bank announced on Aug. 21 it is increasing lending and deposit rates for the fourth time this year. The increase comes at a narrower interval than the other three. The latest official figures show consumer-price inflation accelerating to a decade high of 5.6% in July, while the benchmark Shanghai Composite Index rallies just short of the symbolic 5000-point level. Read Original Post Here ...

As State Assets Go Public, Some Industries to Watch 2007-08-23 00:32:49 China is pushing a new round of restructurings by state-run companies that will put more assets into their publicly traded arms. That could make some of those listed companies more attractive-though investors will want to carefully choose which ones fit their portfolios. Read Original Post Here ...

Venture-Capital Deals Surge 49% 2007-08-23 00:32:48 The value of venture-capital deals in China in the second quarter rose 49% from the first quarter to $560 million, spread over 55 investments, according to the Quarterly China Venture Capital Report. Venture-capital investment was also up 17% from the year-earlier total of $480 million. Read Original Post Here ...

PetroChina’s Big Oil Find Loses Some Sheen 2007-08-23 00:32:47 The Ministry of Land and Resources certified PetroChina Co.’s Nanpu oil discovery as having half the recoverable reserves that analysts had estimated, taking luster from what had been regarded as a major find. Read Original Post Here ...

Bank of Communications Net Rises 2007-08-23 00:32:47 Bank of Communications Co., China’s fifth-largest lender by assets, said first-half net profit rose 42% from a year earlier on higher interest income and rapid growth in its fee-based intermediary business. Read Original Post Here ...

Effect of Car CurbsRemains Unclear 2007-08-23 00:32:46 A test run of traffic restrictions in Beijing for next year’s Olympic Games succeeded in reducing severe traffic congestion, but its impact on the city’s poor air quality remains unclear. The four-day trial of traffic limits removed some 1.3 million vehicles from the roads each day-more than a third of the city’s total. Read Original Post Here ...

Shenzhen Development Bank Doubles First-Half Earnings 2007-08-23 00:32:46 Shenzhen Development Bank Co. said its first-half net profit doubled, driven by healthy loan growth, an improved interest spread and effective tax management. The bank’s net profit increased to 1.124 billion yuan ($148 million) from 518 million yuan a year earlier. Net interest income, mostly derived from lending, rose to 4.43 billion yuan from 3.11 billion yuan. Read Original Post Here ...

China Mobile Profit Rises 25% in First Half 2007-08-23 00:32:45 China Mobile Ltd. reported a stronger-than-expected 25% rise in first-half net profit, driven by growth in revenue from value-added services and an increase in subscribers. The mobile operator also said it added 5.6 million customers in July, up from 5.53 million June. Read Original Post Here ...

Inside the World’s Largest Electronics Producer 2007-08-23 00:32:44 Past a guarded gate on the outskirts of Shenzhen sits one of the world’s largest factories, producing gadgets bearing technology’s household names-Apple Inc.’s iPods and iPhones, Hewlett-Packard Co.’s personal computers, Motorola Inc. mobile phones and Nintendo Co. Wii videogame consoles. But few people outside of the industry know of the plant’s owner: Hon Hai Precision Industry Co. Read Original Post Here ...