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Saturday, 28 November 2009

State train makers under fire for poor standards

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A senior rail official has criticised the quality and safety standards of the mainland’s growing fleet of high-speed trains, a serious blow ...
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Admiral says PLA’s strength, intentions should be displayed

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Beijing should not be shy of displaying the full breadth of its growing military power and intentions to the world, a senior naval officer w...
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Online fury at life of luxury in prisons

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Mainland internet users are up in arms after pictures of a series of luxurious new prisons were posted online this week, a stark contrast to...
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China won’t pull plug on stimulus next year

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China’s Politburo, the Communist Party’s top decision-making body, said the nation will maintain stimulus policies next year as the world’s ...
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Corporate shakeup at emirate on the cards

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Related companies could be sold, broken up or merged as Dubai struggles with its debt load
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Abu Dhabi steps up as debt spoils Dubai’s model

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Dubai’s debt troubles have exposed the fallacy of its once much-vaunted ‘model’ of raising shining cities in the desert with foreign residen...
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Executive directors hit back; war of words at Sino-Environment escalates

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Sino- Environment’s three executive directors (EDs) have hit back at the company’s independent directors as a war of words continues to esca...
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Friday, 27 November 2009

Debt default shadow on Dubai’s sand castle

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Eckart Woertz, an economist with Dubai’s Gulf Research Centre, told the Financial Times: ‘This will destroy confidence in Dubai - the whole ...
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Dubai debt delays revive fear of financial crisis

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Investors recoiled from risky assets on Friday and dumped shares in Asian banks and builders, fearing a Dubai debt default could reignite th...
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Rumours swirl as top TV series blacked out

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Authorities in Beijing have blacked out a daring TV series highlighting rising property prices on the mainland because of the sensitive issu...
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Party chief vows to crack down but excessive measures will be avoided

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Dongguan authorities have vowed to clamp down on prostitution, but said excessive measures and blanket closures would be avoided.
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Wal-Mart price pressure hurts mainland workers

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Wal-Mart Stores’ demand for rock-bottom prices from suppliers in the mainland means some of these companies are forcing their employees to w...
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Crackdown fails to scare Dongguan’s sex-trade veterans

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They work in hotels, saunas, massage parlours and karaoke bars; an army of 300,000 whose existence is unacknowledged, whose activities are i...
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New issue of Caijing reflects sombre mood in empty newsroom

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The latest issue of Caijing magazine - the first since the departure of high-profile editor Hu Shuli, who founded the influential business p...
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Saab nears end of the road with no bidders

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General Motors Corp does not expect to find new bidders for Saab and may shut the bankrupt unit after Koenigsegg Group cancelled a planned a...
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Minsheng shares fall 3pc on debut

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China Minsheng Banking Corp fell a disappointing 3 per cent in its Hong Kong debut on Thursday after raising US$3.9 billion in the world’s f...
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Mainland stock bubble to burst next year, says Morgan Stanley

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Mainland’s ballooning stock market bubble, fuelled by excessive liquidity, is likely to burst in the first half of next year, punctured by e...
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Dubai shocks with debt delay, units cut to junk status

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Two major credit ratings agencies downgraded several Dubai government-related entities after the government overnight on Wednesday said it w...
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Investors jailed in Hong Kong's largest market fraud case

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Four investors found guilty in Hong Kong’s largest market-manipulation case were sentenced to 26-30 months in prison by a Hong Kong court on...
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Wednesday, 25 November 2009

China Tightens Rules on Transfers to Stop ‘Hot Money’

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China tightened rules on individuals transferring yuan and foreign exchange between bank accounts after speculation the nation’s currency wi...
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