China Economic Review - Daily Briefs

Export figures suggest economic recovery

China’s exports in the first half of the year fell 21.7% year-on-year, a slight improvement from the first five months of 2009, the Wall Street Journal reported. The figures are seen by some as signaling that China’s

Report: BAIC submits Opel bid

Beijing Automotive Industry Corp (BAIC) has submitted a non-binding bid for Opel, a German unit of General Motors, and is planning to give a binding offer by mid-July, Reuters reported, citing sources

CNPC-Total to bid for Venezuelan oil blocks

France's Total SA and China National Petroleum Corp (CNPC) will jointly bid for two large oil blocks being auctioned in Venezuela, the Wall Street Journal reported, citing people familiar with the matter. The Sino-French

China Eastern raises $1.02b in share sale

China Eastern Airlines (CEA) said it raised US$1.02 billion in a share sale to parent company China Eastern Air Holdings, the

He Yafei: Dollar will remain major reserve currency

Vice Foreign Minister He Yafei said that the US dollar would remain a major reserve currency in years to come, Reuters reported. He made the comments speaking at a briefing session ahead of the G8 summit in

HK, mainland banks sign yuan trade agreements

Bank of China and Bank of Communications signed agreements with HSBC Holdings in Hong Kong to settle cross-border trade in renminbi, the Wall Street Journal reported. The agreements will allow the Hong Kong-based

At least 3 killed in Xinjiang riots

Beijing blamed exiled Uighurs for controlling and instigating unrest after a riot in Urumqi on Sunday left at least three people dead, Reuters reported. Locals in the capital of the Xinjiang region confronted