European Union backs China plan in bid to avoid new 'Bra Wars'

The China Post - Looking to avoid a repeat of the "Bra Wars" debacle of 2005, the European Union on Tuesday backed a deal with China for tight checks on textiles imports when the bloc's quotas expire on Jan. 1. Full Story

China, United States launch first joint financial services firm

The China Post - The first U.S. financial services company to be co-owned by a Chinese firm was hailed Tuesday as an example of how the two nations can cooperate in a global economy. Full Story

World Bank ex-chief says power heading east to India, China

The China Post - The former president of the World Bank said Friday that rich countries were ill-prepared to deal with the "tectonic shift" in economic power toward developing nations, in particular to India and China. Full Story

China to delay approval of investment deals to cool growth

The China Post - China will delay approval of some local government investment projects in its fastest growing regions to cool the economy and reduce the risk of overheating. Full Story

Malaysia places China exporters on a watch-list

The China Post - Malaysia placed 14 Chinese exporters on a watch-list after their food shipments were found to be tainted with high levels of preservatives, pesticides and heavy metals this year, a senior official said. Full Story

Bullish China IPOs push share higher

The China Post - For oil giant PetroChina, a share listing in Shanghai will raise money for a new pipeline and refinery, among other projects. For coal miner China Shenhua Energy, it means cash for possible mine acquisitions abroad. Full Story

China steps up scrutiny of United States food and delays shipments

The China Post - China has sharply increased inspections of imported U.S. food, escalating its spat with Washington over product safety and leaving American beef piling up in warehouses and delaying shipments of black pepper and other goods. Full Story

EU official urges China to make yuan more flexible

The China Post - China needs to make its currency more flexible, said Joaquin Almunia, European Commissioner for Economic and Monetary Affairs. "A more flexible exchange-rate policy would allow the central bank to raise interest rates and curb investment," Almunia said in a speech given at Tsinghua University in Beijing today. Full Story

China securities regulator tightens takeover rules

The China Post - China's securities regulator tightened rules on takeovers to tackle insider trading in a market where the benchmark index has almost tripled this year. The China Securities Regulatory Commission last night announced on its Web site increased scrutiny of private share placements and tighter rules on disclosure of market-moving news amid a suspected rise in market malfeasance. Full Story

China's efforts to curb money supply to delay bond rebound

The China Post - China's efforts to control accelerating inflation will limit a rebound in the nation's government bonds, according to Citic Securities Co., the country's most profitable brokerage. Full Story

China delays curbs on exporters to ease costs

The China Post - China will delay further curbs on exporters of processed materials until 2008, giving manufacturers breathing room amid rising costs, said a trade ministry official. Full Story

China to launch investment agency this week: report

The China Post - China is expected to formally launch a long-awaited state investment agency to manage part of its massive foreign exchange reserves -- which surpassed US$1.33 trillion at the end of June -- this week, state press reported Monday. Full Story

China to stop granting new brokerage approvals

The China Post - China is likely to hold back on granting licenses for new brokerages the next few years as the industry consolidates, a state-run newspaper said Monday. Full Story

Eco-city construction to begin in new year in fight against pollution

The China Post - China will start building the country's first eco-city in the new year and plans four other radical new urban developments as it seeks to tackle pollution, the head of the firm designing the projects said Saturday. Full Story

China pledges loans to raise investment in the Caribbean

The China Post - China will provide about 4 billion yuan (US$530 million) in favorable loans over three years to Chinese companies investing in the Caribbean, the China Daily said Saturday, citing vice premier Wu Yi. Full Story

Intel breaks ground on China chip plant

The China Post - Intel Corp. held a groundbreaking ceremony Saturday for its first chip factory in China, expanding its presence in the booming Chinese computer industry and boosting Beijing's campaign to lure foreign high-tech investment. Full Story

Does China's rise boost global economy?

The China Post - The argument that China is stealing jobs from the West is lost on French entrepreneur Jean-Louis Desjoyaux. He is focused on meeting orders piling up from wealthy Chinese for his made-in-France swimming pools. Full Story

China defends its battered toy industry

The China Post - Stung by global recalls, China opened toy factories and a toy-testing lab to foreign media Tuesday, showing off workers in white lab coats scraping paint off plastic toys and twisting the legs and arms of action-figure dolls. Full Story

China's plan for stock-buying in Hong Kong faces further delays

The China Post - China's plan to allow individual investors to buy Hong Kong stocks faces further delays as top officials were concerned over a possible slump in mainland shares, a report said Tuesday. Full Story

China consumers key to ending reliance: WEF

The China Post - China's booming export-driven economy remains vulnerable to any changes in Western consumption patterns but its burgeoning domestic market could lessen this risk, the World Economic Forum said on Monday. Full Story