The Industrial and Commercial Bank of China (ICBC) was listed last month in Hong Kong and Shanghai.
Instead of picking another bank to partner up with, ICBC chose a consortium led by Goldman Sachs, in…
Archive for the ‘China Business’ Category
Three Reasons why ICBC Chose Goldman Sachs Consortium
China’s Retail Sales Predicted to Rise 12% in 2007
The Ministry of Commerce is predicting that China’s retail sales will reach 8.5 trillion yuan ($1.1 trillion) next year.
Total sales of goods are expected to be 20 trillion or $2.5 trillion R…
China’s WTO Push Good News All-around
Chinese and US officials are praising China’s efforts to meet World Trade Organization (WTO) commitments saying it is a win-win for everyone – China and the world.
The last major obstacle …
Chinese Economy Heading for “Soft Landing”
Several think tanks in China are predicting that China’s latest macro control measures will give China’s economy a ’soft landing’.
Studies in Zibo City of Shandong Province and…
China’s Richest Woman Shares Secret to Wealth
China’s richest woman is worth, Zhang Yin, no relation to the other Zhang and old enough to her mother at 49, was ranked number 5 on a list of China’s richest.
Her fortune is estimated to …
14 Countries China Wants to Have Free Trade with – India Next
When presidents get together, deals are struck. China’s president Hu Jintao is planning a visit to New Delhi.
An assistant commerce minister says that China and India are considering a free-trad…
60 Million Chinese Are Obese – 24 Million are Starving
A Chinese nutritional health expert reported that there are abt. 60 million Chinese who are obese while 24 million are suffering malnutrition and living in abject poverty.
The culprit in Chinese obesi…
China and Taiwan Getting Along at the Grassroots Level – Tourism Increases
In 1987, mainland China and its renegade island started allowing personnel exchanges.Since then, more than 40 million people from Taiwan have made the cross-strait trip to the mainland. Taiwan’s…
READ MOREChina Too Much Like the US – Non-performing Loans at $150 Billion
Holy toledo!
China banks have 7.6% of the loans they issue come back unpaid. And that figure is down 1.3% from the beginning of the year.
Of course, China’s banks lend money out the gazoo……
Housing Prices Up in 70 Chinese Cities
Compared to last year housing prices were up 6.3% overall on a survey taken in September of 70 major Chinese cities. However, prices were down almost 1% from August.
China’s National Development…
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