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China Bankruptcy News. Service for global professionals. Constantly updated news and information about China.
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  • Financial crisis has little impact on Shanghai Expo: officials 25 Nov 2009 06:10 GMT
    ... crisis has little impact on the 2010 Shanghai Expo, senior Shanghai officials said Tuesday. "The ... Yang noted. Wang Jinzhen, chief of the Chinese delegation to the BIE, said the forthcoming ... current financial crisis. "With the Expo and China's experience, the world can learn many things, ...

  • China's mine deaths: The brutal face of global capitalism 25 Nov 2009 09:04 GMT
    ... China’s mine deaths: The brutal face of global ... sweat and labour constitute the foundations of Chinese and global capitalism. While the international financial ... days after US President Barack Obama visited Shanghai and expressed his admiration for General Motors ...

  • Chinese banking shares stabilize while car and mining stocks soar 25 Nov 2009 13:16 GMT
    ... yesterday's losses as benchmark indexes rose. In China the Shanghai Composite Index climbed 2.1% to end the ... Index closed at 9,442 -- up 0.4%. Chinese mining companies soared today after gold hit ...

  • China executes two over tainted milk scandal 25 Nov 2009 14:23 GMT
    ... By Robert Saiget BEIJING — China executed two men on Tuesday for their ... bans around the world of goods containing Chinese dairy products. Xinhua said Zhang was convicted ...

  • A China-owned GM in the future? 25 Nov 2009 01:04 GMT
    ... Such purchases would give the Chinese access to needed technology, as well as auto ... distribution networks are also very important for China's hopes to eventually become a global player. ... quarter, which ran from its emergence from bankruptcy July 10 through Sept. 30. The rest ...

  • A Chinese-owned GM? 25 Nov 2009 14:40 GMT
    ... Such purchases would give the Chinese access to needed technology, as well as auto ... distribution networks are also very important for China's hopes to eventually become a global player. ... quarter, which ran from its emergence from bankruptcy July 10 through Sept. 30. The rest ...

  • China executes two over tainted milk scandal: state media 25 Nov 2009 06:14 GMT
    ... China executed two men on Tuesday for their ... bans around the world of goods containing Chinese dairy products. Xinhua said Zhang was convicted ... added. The scandal erupted just after the Beijing Olympics in August 2008, and there were ...

  • Crisis has little impact on Shanghai Expo 25 Nov 2009 09:53 GMT
    ... Financial crisis has little impact on Shanghai Expo The global financial crisis has little ... Yang noted. Wang Jinzhen, chief of the Chinese delegation to the BIE, said the forthcoming ...

  • China executes two for tainted milk scandal 25 Nov 2009 01:30 GMT
    ... BEIJING – China on Tuesday executed two people for their role ... protein tests, sold mainly by the now bankrupt Sanlu Group. A total of 21 Sanlu ...

  • Whitney Design of Hazelwood files for bankruptcy 25 Nov 2009 14:25 GMT
    ... Whitney Design of Hazelwood files for bankruptcy Whitney Design Inc. has filed for Chapter ... anti-dumping duties on one of the company's Chinese suppliers. As the importer, the Hazelwood-based company must ...

  • China executes 2 over tainted milk 25 Nov 2009 11:33 GMT
    ... BEIJING - China executed a dairy farmer and a milk salesman ... at a status hearing Tuesday in federal bankruptcy court and will need to be finalized. ...

  • Eastern NC reeling from hog farm bankruptcies 25 Nov 2009 05:30 GMT
    ... Eastern NC reeling from hog farm bankruptcies On a recent camping trip with his ... known as swine flu. Several countries, including China and Russia, closed their borders to U.S. pork ...

  • Chinese firms could swoop for Saab: analyst 25 Nov 2009 09:30 GMT
    ... For GM, the complication comes just as it is ... as it is working to trim its post-bankruptcy losses, accelerate repayments of government loans, and ... buyer for Saab given how many cash-rich Chinese companies are jockeying for a position in the ...

  • NC reeling from hog farm bankruptcies 25 Nov 2009 12:51 GMT
    ... about his job managing contracts for the now-bankrupt Coharie Hog Farms with a desperate plea. ... known as swine flu. Several countries, including China and Russia, closed their borders to U.S. pork ...

  • America And China 25 Nov 2009 10:35 GMT
    ... all these years...In 1951 in Korea war China defeated America..In Vietnam America faught for ten years ... sells out those bonds America would get bankrupt. China do not compromise with its environment ...


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Quote of the Day

"There are nice statements, public announcements by governments and leaders of the developed countries. But if you look at the actions they have been taking, we believe there is a lot of ground to make up. In general, what we wish to see is that the develo"
— Yu Qingtai, China’s special representative to climate change talks in Copenhagen

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Markets

Exchange Rates:

Chinese Renminbi:
USD 1 = CNY 6.8277
EUR 1 = CNY 10.2544

Hong Kong Dollar:
USD 1 = HKD 7.7500
EUR 1 = HKD 11.6397

Macau Pataca:
USD 1 = MOP 7.9825
EUR 1 = MOP 11.9889

Taiwan Dollar:
USD 1 = TWD 32.2230
EUR 1 = TWD 48.3954

USD 1 = EUR 0.6658
EUR 1 = USD 1.5019

Closing Stocks:
Shanghai A: 3,451.06(2.05%)
Shenzhen A: 1,275.08(3.34%)
Hang Seng: 22,597.98(0.78%)
Taiwan Taiex: 7,756.31(0.54%)

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This Day in History

Nov. 25

Asia-Pacific leaders ended a summit in the Philippines with a ringing call to transform the lives of half of humanity by creating the biggest free trade zone on earth.
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