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  • UPDATE 1-'Mr.China' Perkowski's auto components firm up for sale 24 Nov 2009 08:24 GMT
    ... by Wall Street veteran Jack Perkowski in Beijing 15 years ago, is up for sale ... of automotive and heavy-duty truck components in China. It became famous following the publication of ... United States, Europe and Japan for its non-Chinese corporate clients. Perkowski, who ran Paine Webber's ...

  • UPDATE 1-"Mr.China" Perkowski's auto components firm up for sale 24 Nov 2009 08:00 GMT
    ... * Asimco founded by Perkowski in Beijing 15 years ago * Now No.1 independent ... Now No.1 independent automotive components maker in China * Deal expected to fetch more than ... United States, Europe and Japan for its non-Chinese corporate clients. Perkowski, who ran Paine Webber's ...

  • TPG, Carlyle consider China auto parts company purchase 24 Nov 2009 11:52 GMT
    ... > > > Deals TPG, Carlyle consider China auto parts company purchase TPG Capital and ... firms considering a bid for Asimco, the Chinese automotive components manufacturer set up by Wall ... investments in the country, with headquarters in Beijing. Perkowski ran US asset manager Paine Webber's ...

  • Yuan ends up, but trades lower than c.bank rate 24 Nov 2009 11:52 GMT
    ... and 6.8350 in near term * Other Chinese markets bubble despite super stable yuan SHANGHAI, Nov 24 - The yuan ended up ... on the domestic market, traders said. While China is now seeing a new wave of ...

  • Tell The Malaysian Story To Global Investors, Says Najib 24 Nov 2009 06:41 GMT
    ... or risk being overshadowed by countries like China and other emerging economies. The Malaysian Prime Minister also said Malaysia ... the government would do more to attract foreign direct investments (FDIs), including from the United States. "I'm ...

  • 5 reasons behind the rise of China 23 Nov 2009 09:21 GMT
    ... rising China has not only inched closer to the ... these countries, mostly through foreign direct investment (FDI). After their reconstruction, in the 1970s, Western ... of capitalism with a communist political system. Chinese authorities have defended this combination as "seeking truth ...

  • Would a QFII program work in Saudi Arabia? 23 Nov 2009 00:31 GMT
    ... it opens the market to FIIs. The Chinese Qualified Foreign Institutional Investor (QFII) regime is ... for Saudi Arabia. In December 2002, the China Securities Regulatory Commission (CSRC) and the People's ... market capitalization of $3.1 trillion for the Shanghai and Shenzhen stock exchanges. In China, a ...

  • Jan.-Oct. inbound investment down sharply from last year 23 Nov 2009 02:41 GMT
    ... -- Taiwan's approved inward foreign direct investment (FDI) plunged in the first 10 months of ... the market on June 30 to allow Chinese investment, 15 investment projects have been approved and ... have been approved and investments from mainland China for the July-Oct period was valued at ...

  • Taiwan Smells a Trojan Horse 23 Nov 2009 14:36 GMT
    ... Asian twist on a Greek legend: the Chinese Trojan Horse. Last month, AIG agreed to ... recently formed Primus Financial Holdings Ltd.—say the China money allegations are false. "Our consortium complies ... is centered on two Hong Kong companies. Beijing's "one country, two systems" approach to running ...

  • The Feeling's Mutual 23 Nov 2009 19:23 GMT
    ... to accomplish. Especially after President Barack Obama's China visit during which he acquiesced to Beijing's hegemonic ambitions in Asia. But what better ... values about which Obama reminded his stone-deaf Chinese audience: "These core principles, freedoms of expression ...

  • TOP ARTICLE: The Feeling's Mutual 23 Nov 2009 19:43 GMT
    ... to accomplish. Especially after President Barack Obama's China visit during which he acquiesced to Beijing's hegemonic ambitions in Asia. But what better ... values about which Obama reminded his stone-deaf Chinese audience: "These core principles, freedoms of expression ...

  • CIBT Adds New Location in Vietnam 23 Nov 2009 21:36 GMT
    ... CIBT School of Business, Tourism Training Institute (Beijing), and Sprott-Shaw Degree College Corp., which is ... operating history of over 136 years in China and Canada's education sectors. CIBT owns and ... States and Vietnam. CIBT delivers Western and Chinese accredited business and management degree programs, automotive ...

  • It's not the right time to invest in India 23 Nov 2009 19:57 GMT
    ... very strongly post-election. Figure 4. India inward foreign direct investment and foreign institutional investment The speed with ... Often, this turns into an India versus China comparison and while they're rightly quick to ... year's forecast earnings, exceeded only by the Chinese A-share market, which is a casino not ...

  • Economists warn of possible new flood of speculative capital 23 Nov 2009 01:53 GMT
    ... reserve currency in about 10 years should China make it convertible. A change in Chinese policy would make the yuan a "notable ... new lending this year, the trade surplus, foreign direct investment, and inflows of speculative capital, or so-called ...

  • India eyes extra Qatar gas as demand jumps 23 Nov 2009 20:55 GMT
    ... India achieved an 85% growth rate in FDI inflows in 2008, which was the highest increase across all countries. ... sharing this honour with the US and China. Of the three, India is the closest geographically, ...


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Quote of the Day

"How can you make China responsible for keeping peace in South Asia? [...] China has done nothing in South Asia except to play a destructive role here."
— Prem Shankar Jha, a newspaper and magazine columnist, channeling the prevailing sentiment among New Delhi’s political analysts

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Markets

Exchange Rates:

Chinese Renminbi:
USD 1 = CNY 6.8288
EUR 1 = CNY 10.1756

Hong Kong Dollar:
USD 1 = HKD 7.7500
EUR 1 = HKD 11.5483

Macau Pataca:
USD 1 = MOP 7.9825
EUR 1 = MOP 11.8948

Taiwan Dollar:
USD 1 = TWD 32.2530
EUR 1 = TWD 48.0602

USD 1 = EUR 0.6711
EUR 1 = USD 1.4901

Closing Stocks:
Shanghai A: 3,381.63(-3.43%)
Shenzhen A: 1,233.85(-4.24%)
Hang Seng: 22,438.05(-1.46%)
Taiwan Taiex: 7,714.56(0.36%)

Country Info About China

Visit the World Factbook for detailed information about China.
 

This Day in History

Nov. 24

A Chinese Boeing 737 crashed in the southwest of the country killing all 141 on board. It was the worst recorded crash in Chinese aviation history.
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