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China Bankruptcy News. Service for global professionals. Constantly updated news and information about China.
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  • PRESS DIGEST - China - Dec 30 30 Dec 2009 01:32 GMT
    ... BEIJING/SHANGHAI, Dec 30 (Reuters) - Chinese newspapers available in Beijing and Shanghai carried the following stories on ... capital, the region's information office said. -- China will accelerate efforts to establish next year ...

  • Xinhua China News Digest at 16:00 GMT, Dec.25 25 Dec 2009 18:15 GMT
    ... via COMTEX) -- -- The following are China news stories moved by Xinhua News Agency ... of Commerce looks to lift domestic consumption BEIJING, Dec. 25 (Xinhua) -- China's Ministry of ... innovation YIWU, Zhejiang, Dec. 25 (Xinhua) -- Chinese business owners in Yiwu, the major suppliers ...

  • Xinhua China News Digest at 11:00 GMT, Dec.25 25 Dec 2009 11:35 GMT
    ... via COMTEX) -- -- The following are China news stories moved by Xinhua News Agency ... raises 2008 GDP growth to 9.6 pct BEIJING, Dec. 25 (Xinhua) -- China has revised ... 25 (Xinhua) -- Qiu Jibao, a legendary Chinese billionaire before the financial meltdown, was on ...

  • China's Banks Copy Citigroup in Hiding Bad Loans Off Their Balance Sheets 23 Dec 2009 23:57 GMT
    ... or State Street (SST) that's involved, but China's big banks. In November China's banks packaged ... then sold $18.6 billion in loans to Chinese trust companies, removing those loans from the ... billion. The repackaging and sales come as Beijing's bank regulators have started to worry that ...

  • China looks to Sweden as stepping stone to gain foothold in west 23 Dec 2009 01:31 GMT
    ... failing firms like Rover or Korea's Ssangyong, China is setting its sights on the expensive ... can compete internationally. To engineer these cars, Chinese firms are buying up troubled foreign auto ... rights to production on key models to Beijing Auto would go ahead. Meanwhile car maker ...

  • Shanghai Dairy Closed for Melamine-Tainted Milk 1 Jan 2010 11:34 GMT
    ... Municipal health officials have shut down the Shanghai Panda Dairy, charging it with producing milk ... new concerns among consumers about tests in China and the quality of the country's milk ... in the 2008 scandal in which six Chinese children died and hundreds of thousands were ...

  • China Dairy Closed for Melamine-Tainted Milk 1 Jan 2010 14:24 GMT
    ... Municipal health officials have shut down the Shanghai Panda Dairy, charging it with producing milk ... new concerns among consumers about tests in China and the quality of the country's milk ... in the 2008 scandal in which six Chinese children died and hundreds of thousands were ...

  • Government moves help Chinese shares jump 9 per cent 28 Dec 2009 16:42 GMT
    ... Beijing - China's main stock market jumped by 9 per ... Investment Company would buy shares in three Chinese banks affected by the fallout from the ...

  • Rural Auto Sales Boost China To No. 1 23 Dec 2009 02:36 GMT
    ... Rural Auto Sales Boost China To No. 1 Dealerships Struggle To Meet ... climbing even faster." As growing numbers of Chinese shop for their first vehicles, or trade ... this year's rescue package for the industry, Beijing is leery of risking a relapse, analysts ...

  • Auto sales in rural markets boost China to No. 1 23 Dec 2009 04:32 GMT
    ... in Chengdu, a grimy city in southwestern China's Sichuan province best known for its giant ... climbing even faster." As growing numbers of Chinese shop for their first vehicles, or trade ... this year's rescue package for the industry, Beijing is leery of risking a relapse, analysts ...

  • Students stranded in Beijing get no answers from Seattle-based program 28 Dec 2009 06:11 GMT
    ... 2009 at 9:54 PM Students stranded in Beijing get no answers from Seattle-based program A ... has not provided refunds. When a Seattle-based Chinese language program in Beijing suddenly canceled classes ... the students has been to remain in China." In a mid-October e-mail to students, Joanna ...

  • Auto sales rising in China 26 Dec 2009 02:34 GMT
    ... in Chengdu, a grimy city in southwestern China's Sichuan province best known for its giant ... climbing even faster.' As growing numbers of Chinese shop for their first vehicles, or trade ... this year's rescue package for the industry, Beijing is leery of risking a relapse, analysts ...

  • Auto sales take off in China's interior 23 Dec 2009 07:35 GMT
    ... CHENGDU, China — Minivan salesman Zhu Yi has a ... climbing even faster." As growing numbers of Chinese shop for their first vehicles, or trade ... this year's rescue package for the industry, Beijing is leery of risking a relapse, analysts ...

  • Auto sales on the rise in China 25 Dec 2009 21:30 GMT
    ... Auto sales on the rise in China Minivan salesman Zhu Yi has a problem ... climbing even faster.' As growing numbers of Chinese shop for their first vehicles, or trade ... this year's rescue package for the industry, Beijing is leery of risking a relapse, analysts ...

  • China's rural markets have big appetite for cars 27 Dec 2009 18:10 GMT
    ... climbing even faster." As growing numbers of Chinese shop for their first vehicles, or trade ... trade up for newer models, sales in China's immense hinterland are booming, encouraged by tax ... this year's rescue package for the industry, Beijing is leery of risking a relapse, analysts ...


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"2010 will be a key year to solidify the economic recovery and overcome the international financial crisis."
— Chinese central bank Governor Zhou Xiaochuan

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Markets

Exchange Rates:

Chinese Renminbi:
USD 1 = CNY 6.8270
EUR 1 = CNY 9.7794

Hong Kong Dollar:
USD 1 = HKD 7.7552
EUR 1 = HKD 11.1089

Macau Pataca:
USD 1 = MOP 7.9860
EUR 1 = MOP 11.4395

Taiwan Dollar:
USD 1 = TWD 31.9740
EUR 1 = TWD 45.8012

USD 1 = EUR 0.6981
EUR 1 = USD 1.4325

Closing Stocks:
Shanghai A: 3,437.46(0.44%)
Shenzhen A: 1,261.26(0.61%)
Hang Seng: 21,872.50(1.75%)
Taiwan Taiex: 8,188.11(0.93%)

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This Day in History

Jan. 1

The United States and China established diplomatic relations, 30 years after the foundation of the People's Republic.
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