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Dec. 21, 2009 (China Knowledge) - Jilin Yatai (Group) Co Ltd<600881>, a property developer and cement producer, has announced that an investment joint venture in which it holds a 74% stake will invest a total of RMB 400 million to set up two cement firms in Shenyang, Liaoning Province, with a registered capital of RMB 200 million each, sources reported.

The Shanghai-listed firm and its JV partner, CRH China Northeast Cement Investment Co Ltd, will increase the registered capital of the JV in proportion to their shareholdings. Jilin Yatai will inject RMB 172.42 million and the other partner will invest funds equivalent to EUR 60.58 million. Following the capital injection, the JV will have a registered capital of RMB 2.98 billion.

CRH China Northeast Cement Investment is a wholly-owned subsidiary of CRH Plc, an Irish building material group formerly called Cement-Roadstone Holdings Plc.

Taobao r china notebook battery etailers threatened by blackmailers

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Taobao retailers threatened by blackmailersPublished: 18 Nov 2009 16:02:01 PST

By Xu Shenglan

Some Internet shopkeepers on taobao.com said they felt vulnerable to professional blackmailers who threaten sellers with bad ratings if they do not refund money for purchases and pay "compensation."

Consumers on taobao can give feedback ratings and comments on merchandise they receive after the deal is completed.

The ratings are categorized good, medium and bad. A rating of "good" will produce more click ratios and increase sales, while a "bad" rating can be a seller's nightmare.

Bad rating professionals can literally put an online seller out of business.

Zhang Ningqian, a Shanghai-based shopkeeper selling prepaid rechargers for cell phones on taobao.com, said she encountered a feedback blackmailer last week.

"The buyer said he didn't receive the product and asked me to return the money and compensate him, otherwise he'll give me a bad rating. I didn't give in, so I got the first bad rating I've had since I opened the shop," she told the Global Times, noting that bad rating professionals are not rare on the Web.

She said blackmailers usually target shops with a 100 percent good rating because the owners want to maintain a good record and will spend an extra 50-100 yuan ($7.3-14.6) to make the extortionists go away.

"I called the customer service office of taobao several times but they won't change the bad rating once it's submitted," she said, adding that she now thinks she should have given in to the blackmailer's demands.

"I'm actually a little bit regretful that I didn't give him the money," she said.

"Taobao has a lot of considerations for consumers' rights, but it's quite weak in protecting the rights of sellers," she added.

According to the Chongqing Evening News, negative feedback professionals order online merchandise, then complain that the products were never received and demand that their money be refunded. The blackmailers threaten to give the seller a bad rating unless the shop owner also pays a "compensation."

Most of the extortionists are experienced in online shopping. Some of them were online shop owners in the past and know how vulnerable the sellers are to bad ratings.

The professionals could earn several thousand yuan a month.

"We've noticed this phenomenon and it's not permitted to blackmail sellers with threats of bad ratings," said a staff member at taobao.

"If sellers have enough evidence we'll delete the bad rating."

Taobao suggests that shop owners save all records off correspondence with bad ratings professionals as evidence of blackmail, then wait for taobao to decide the case.

Attorney Liu Yuanlü of the Chongqing-based Jinma Law Firm said that if bad ratings professionals seek to make money by defaming the reputation of online shops, their behavior violates the sellers' rights. If the amount of money is huge, they also violate China's Criminal Law.

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Chinese china notebook battery stocks open 0.8% higher on Tue

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Chinese stocks open 0.8% higher on TuePublished: 19 Oct 2009 18:41:18 PST

Oct. 20, 2009 (China Knowledge) - Chinese stocks opened higher on Tuesday morning, tracking gains from the previous closing.

The benchmark Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, opened at 3,062.55 points, up 0.8% or 24.28 points from the previous closing.

The Shenzhen Component Index on the smaller Shenzhen Stock Exchange opened 0.67% or 83.21 points higher at 12,566.47 points.

Chongqin china notebook battery g Reviving

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Chongqing RevivingPublished: 19 Aug 2009 18:31:25 PST

GROWING CITY: Chongqing has undergone dramatic changes in its appearance since it became a municipality directly under the Central Government on June 18, 1997 (ZHOU HENGYI)

Thousands of cargo ships are busy loading and unloading goods in front of Chaotianmen Square Dock, where the Yangtze and Jialingjiang rivers meet. It is a scene of thriving business.

In 2008, Chongqing Municipality achieved 14.3 percent GDP growth. The region yielded 12.6 percent growth from January to June of this year, and is set to see an estimated 14 percent GDP increase for the whole year.

"Though we're still faced with many difficulties, Chongqing's economy has pulled itself through a mild winter and a warm spring, and has come into the height of summer," said Yang Qingyu, Director of the Development and Reform Commission of Chongqing.

Standing up

Chongqing, despite its insulated location in China and less dependence on export, was no safe haven against the global financial crisis and could not escape from being affected as a longtime heavily industrial city. Industrial giants Chongqing Iron and Steel Group and Chongqing Machinery and Electronics Group, both state-owned enterprises (SOE) with more than 10 billion yuan ($1.47 billion) of yearly sales revenue, have seen their operating revenues and profits plunge.

Motorcycle exports nosedived to 93,000 per month in February, the lowest single month of sales since February 2006. "The first quarter of this year has been the most difficult for Chongqing's industrial and economic development than any other time in the past 10 years," said Wu Bing, Director of Chongqing Economic and Information Technology Commission.

Shortly after the Spring Festival, the Chinese lunar new year that fell on January 26, the speed of the fall slowed in the added value of Chongqing's large-scale enterprises, and growth returned in the ensuing months. In January, the figure decreased by 3.7 percent compared with the same period last year, and increased by 6 percent in February, followed by 8.8 percent growth in March, 11.2 percent in April, 12.3 percent in May and 13.7 percent in June.

On December 31, 2008, an executive meeting of the State Council was held to launch measures to spur coordinated urban and rural reform and development in Chongqing. Soon after, the General Office of the State Council issued a document including 13 important plans designed for Chongqing, such as creating a modern manufacturing base in the municipality, turning it into financial center of the upper reaches of the Yangtze River, a comprehensive transportation hub, an inland export commodities processing base and a pilot opening region.

According to Huang Qifan, Executive Vice Mayor, the Central Government's macroeconomic policies such as the 4 trillion yuan ($586 billion) stimulus package and the 10 major industrial adjustment and revitalization plans have worked exceptionally well, and each of the measures fuels Chongqing's economy.

So far, more than 7 billion yuan ($1.02 billion) of national investment has been put in Chongqing, which has been met by new investment worth 50 billion yuan ($7.35 billion) from other sectors. Eight out of the 10 major revitalized industries can be found in Chongqing.

The economy's rapid rebound is also attributed to precautions put in place in Chongqing before the crisis and a vigorous response once the trouble started.

In March 2008, Chongqing issued seven measures to stimulate economic growth after a fact-finding trip to the coastal areas of Guangdong, Shanghai and Zhejiang. In September, officials introduced five policies to thwart economic decline and in November, they unveiled a three-year investment plan worth 1.5 trillion yuan ($220 billion). In December, the municipality also adopted 12 special measures to stimulate ecofurniture legs metal legs 混合机 キャバクラ 求人 プロジェクト管理 カード 現金化 混合机 上海注册公司

Chery Au china notebook battery to to assemble A3 cars in Taiwan

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Chery Auto to assemble A3 cars in TaiwanPublished: 29 Jun 2009 18:09:03 PST

Hang Sen china notebook battery g Index up 3.7% on Mon

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Hang Seng Index up 3.7% on MonPublished: 20 Jul 2009 01:23:53 PST

Jul. 20, 2009 (China Knowledge) - Hong Kong stocks rose on Monday. The Hang Seng Index, the benchmark, opened 200 points higher at 19,005. After touching the intraday low of 18,960.54 points, the blue-chip Hang Seng Index rose 696.71 points or 3.7% to close at 19,502.37.

Mainboard turnover rose to HK$77.73 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 446.7 points or 4.01% to 11,593.13 points.

Market heavyweight HSBC Holdings Plc<0005><HBC>, which accounts for the largest weighting for the Hang Seng Index, increased 3.15% to HK$70.45.

Haitian International Holdings Ltd<1882> surged 10.04% to HK$2.52 after it announced plans to sell a 121,300-sq m parcel for RMB 46.33 million.

Harmony Asset Ltd<0428> soared 15.85% to HK$5.19 after it said that its attributable profits will grow more than 500% year on year in the second quarter of this year.

Far East Holdings International Ltd<0036> surged 44.05% to HK$1.21 and Nam Fong International Holdings Ltd<1176> soared 22.55% to HK$1.25.

Communication stocks were gainers. China Mobile<0941><CHL>, the largest firm by capitalization in the Hong Kong market, swelled 3.26% to HK$79.1. China Unicom (Hong Kong) Ltd<600050><0762><CHU> increased 2.84% to HK$11.58. China Telecom Corp Ltd<0728><CHA> swelled 5.47% to HK$4.05.

Airline stocks ended mixed. Air China Ltd<601111><0753> rose 4.99% to HK$4.42. China Eastern Airlines Co Ltd<600115><0670><CEA> went down 1.38% and closed at HK$2.15. China Southern Airlines Ltd<600029><1055><ZNH> swelled 2.74% to HK$2.25.

Hebei - china notebook battery Langfang Export Processing Zone

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Hebei - Langfang Export Processing Zone Published: 10 Apr 2009 15:21:17 PST

Langfang Export Processing Zone

Facts and Figures (2007)

Rating

Year of Establishment

June, 2005

Land Area

0.5 km2

Location

Langfang, Hebei

Value-added industrial output

N.A.

FDI

N.A.

Utilized FDI

N.A.

Major Investors

BHP, WET, Ruhr Mining, Toshiba, Nissin, Mitsubishi, Fujitec, Sandvik

Major Industries Encouraged

Electronics and Information Technology, optical-, mechanical- and electronic-integration, precision machinery, bonded logistics

Source: Administration Committee of Langfang Export Processing Zone

Introduction

CSRC app china notebook battery roves Beijing Capital Land to issue RMB 1.8 bln bonds

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Inner Mo china notebook battery ngolia Power to issue RMB 1.5 bln short-term bonds

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Hyundai china notebook battery plans 3rd China plant to expand capacity

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Hyundai plans 3rd China plant to expand capacityPublished: 04 Aug 2009 19:18:59 PST

Aug. 5, 2009 (China Knowledge) - South Korea's top car maker, Hyundai Motor Co, plans to set up a third plant in China by the end of 2012, as it aims to maintain its position in the fast-growing Chinese market, sources reported.

The carmaker's third plant will have an annual production capacity of 300,000 vehicles and will help meet the increasing demand for vehicles in China, said sources.

Hyundai plans to start building the new plant next year and finish it by the end of 2012.

The car maker may also buy a Chinese car maker, perhaps in response to the Chinese government's incentives to consolidate the country's auto industry, according to sources.

Beijing Hyundai Motor Co Ltd, a 50:50 joint venture with Beijing Automotive Industry Holdings Corp, currently has two plants with a combined capacity of 600,000 units.

Sales at the JV jumped 56% year on year to 257,003 units in the first half of this year. It earlier raised its sales target for 2009 to 400,000 units from 360,000 units, up from 294,506 units in 2008.

In July, Beijing Hyundai Motor again raised its China sales target for 2009 to 450,000 units, up a further 12.5%, as the government stimulus measures may continue to boost domestic demand and as the carmaker plans to introduce new models, China Knowledge reported earlier.

Chinese china notebook battery stocks down 0.5% on Fri

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Chinese stocks down 0.5% on FriPublished: 22 May 2009 00:54:46 PST

China's china notebook battery Chery Auto to boost car sales by 17.7% this year

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China's Chery Auto to boost car sales by 17.7% this yearPublished: 17 Feb 2009 18:16:08 PST

Feb. 17, 2009 (China Knowledge) - Chery Automobile Co Ltd, the largest private automaker in China, aims to increase its cars sales to 419,000 units from last year's 356,000 units, up 17.7% year on year, the Reuters reported, citing the company's chairman Yi Tongyao as saying.

Yi said in a statement on its website that Chery's monthly sales in January hit more than 35,000, becoming the best domestic auto seller.

The Chinese government has issued new policies to encourage consumers to buy low-emission vehicles by offering some favorable polices on such cars purchases, say tax cuts. Besides, the government will also provide financial aid for domestic automakers and encourage them to develop self-owned brands.

Chery and Geely Automobile Holdings Ltd<175>, which focus on the lower-end segment, are expected to benefit from the newly-issued stimulus policies.

Chery, which is famous for making the country's best-selling compact sedan QQ, posted a decline of 6.56% in car sales last year due to the weak demand amid the global economic recession.

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HTC expe china notebook battery cts to see Q4 net profit grow

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HTC expects to see Q4 net profit growPublished: 05 Nov 2009 01:08:10 PST

Nov. 5, 2009 (China Knowledge) - Taiwan-based HTC Corp, the world's first maker of handsets running Google Inc's Android system, expects its fourth-quarter net profit and revenue to grow from the previous quarter due to strong demand, HTC Chief Executive Peter Chou said yesterday, Dow Jones Newswires reported.

HTC, the owner of the world's fourth-largest smartphone brand, expects that its handset shipments will show a double-digit increase this year from 2008 due to the growing popularity of its smartphones, Chou said in July.

China Mobile Ltd<0941><CHL>, the country's largest telecom operator, said it would team up with Taiwan's HTC Corp to develop an OPhone to run the Open Mobile System platform and compete with Apple Inc's iPhone, Chairman Wang Jianzhou said in August, China Knowledge reported earlier.

HTC's second-quarter net profit declined 2% from a year earlier to NT$6.49 billion. Revenue rose 10.34% year on year to NT$38.2 billion.

Hang Sen china notebook battery g Index opens 212.81 points higher on Wed

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Hang Seng Index opens 212.81 points higher on WedPublished: 28 Apr 2009 18:53:08 PST

Apr. 29, 2009 (China Knowledge) - Hong Kong stocks rose on Wednesday morning, with the benchmark Hang Seng Index opening 212.81 points higher at 14,767.92.

The Hang Seng China Enterprise Index, which tracks the overall performance of 43 mainland Chinese state-owned enterprises on the Hong Kong Stock Exchange, opened 125.68 points higher at 8,610.90.

Sinopec, the largest refiner in Asia by capacity, rose 3.33% to HK$5.79. PetroChina, the country's largest oil producer, swelled 1.07% to HK$6.59.

Chinese china notebook battery stocks down 2.11% on Thu

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Chinese stocks down 2.11% on ThuPublished: 06 Aug 2009 00:21:45 PST

Aug. 6, 2009 (China Knowledge) - Chinese stocks ended lower on Thursday, dragged by market heavyweights.

The benchmark Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, decreased 2.11% or 72.17 points to close at 3,356.33 points after fluctuating between 3,419.74 and 3,309.61 points.

The Shenzhen Component Index on the smaller Shenzhen Stock Exchange shrank 2.08% or 286.97 points to 13,495.97 points, after touching an intraday low of 13,268.3 points.

Decliners in the Shanghai market outnumbered gainers 608 to 203, while 43 were unchanged. Aggregated turnover on the two bourses was RMB 329.21 billion.

Market heavyweight PetroChina<601857><0857>, the nation's top oil producer, declined 1.6% to close at RMB 15.41, while Asia's largest oil refiner, Sinopec<600028><0386>, decreased 2.93% to RMB 14.27.

Bank stocks ended lower. Bank of Communications<601328><3328> fell 3.04% to RMB 10.2. Bank of China<601988><3988>, the largest foreign exchange lender in China, decreased 1.1% to RMB 4.49.

Share prices of securities firms ended lower. CITIC Securities Co Ltd<600030>, the largest listed brokerage in China, fell 3.77% to RMB 35.01. Haitong Securities Co<600837>, China's second largest broker in terms of assets, slid 2.62% to RMB 18.23.

Steel makers suffered losses. China's largest steel maker Baoshan Iron and Steel Co<600019> declined 4.92% to RMB 9.08. Hunan Valin Steel Co Ltd<000932> fell 6.71% to RMB 9.03.

Coal stocks also ended lower. China Shenhua Energy Co Ltd<601088><1088>, the nation's biggest coal producer, decreased 4.2% to RMB 38.52. Kailuan Energy Chemical Co Ltd<600997> fell 4.72% to RMB 24.61.

Property stocks ended higher. China Vanke Co Ltd<000002><200002>, the country's largest publicly traded residential property developer, rose 1.06% to RMB 13.29. Gemdale Corp<600383> swelled 6.35% to RMB 17.74.

The new energy sector performed well today, with Shenzhen Desay Battery Tech Co Ltd<000049> surging by the daily limit of 10.01% to close at RMB 12.31.

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Shares in the Chinese mainland closed up Monday, with the benchmark Shanghai Composite Index gaining 0.45 percent to close at 3,331.90.

The Shenzhen Component Index increased by 1.20 percent to close at 14,051.52.

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China's china notebook battery copper concentrate imports surge 22% in Sep

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China's copper concentrate imports surge 22% in SepPublished: 26 Oct 2009 18:50:55 PST

Oct. 27, 2009 (China Knowledge) - China's copper concentrate imports totaled 561,997 tons in September, according to statistics released by the General Administration of Customs yesterday.

The figure reflects 22% growth compared with imports in the same period of last year, and 6.2% growth from the 529,156 tons imported in August, said the GAC.

In the first nine months of this year, the country's copper concentrate imports were 4.69 million tons, up 20% year on year.

In September, China's refined copper imports were 282,828, up 152.11% year on year. In August, China imported 219,731 tons of refined copper, 152.08% more than last August.

China's import and export value in September decreased 10.1% year on year to US$218.94 billion, comprising import value of US$103.01 billion and export value of US$115.93 billion, down 3.5% and 15.2% from a year earlier, respectively, according to an earlier report from China Knowledge.