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Indonesia’s Riches Draw China, India
When it comes to energy and industrial commodities, China and India are Asia’s fiercest competitors. For the last couple of years, both Chinese and Indian companies have done deals across the globe — from Latin America to Africa — to win oil exploration rights or secure long-term raw material contracts.
Now they have set their sights [...]
China press review for November 29, 2006 – the evening papers
The following is a digest of China newspapers published on Nov. 29. Interfax does not accept liability for information in these stories.
Government and Policy
The Chinese government will investigate all pharmaceutical advertisements from December 1 to 31. (Economic Daily p1)
China’s government spent half of its water conservancy budget in rural areas. (Economic Daily p5)
The Chinese government [...]
CLP seeks overseas gas amid challenge from Sinopec
CLP, the larger of Hong Kong’s two electricity producers, said it is in talks with potential suppliers in Australia, Indonesia, Malaysia and the Middle East to purchase natural gas, but has no plans to sign a contract with state oil firm Sinopec for supplies.
CLP, the larger of Hong Kong’s two electricity producers, said it is [...]
US-led Inflation Concerns Continue To Haunt Asian Markets – Asian Commentary
Tuesday marked another day when the Asian stocks took a hammering. The U.S government is expected to release May producer price data later during the day and consumer price index on Wednesday, both of which are widely expected to indicate signals for a rise in interest rate.
Japan’s benchmark Nikkei index nose-dived 4.14% or 614 points [...]
