China recalls faulty rabies vaccine

China will step up monitoring of a faulty rabies vaccine that has been recalled but may still be on the market, the country’s Food and Drug Administration said Friday. Although the vaccine was recalled and production shut down late last year, China’s lax regulatory environment means doses of the vaccine may still be on the [...]

Yuan forwards post best gain in 3 months

Yuan forwards posted their biggest weekly gain in almost three months on mounting speculation China will loosen its grip on the currency after data showed an economic recovery is gathering pace. China should return to a managed-float exchange-rate system as quickly as possible, Nikkei English News reported today, citing an interview with Xia Bin, a [...]

China clamps down on property investment

BEIJING—China’s banking regulator banned new property loans to 78 companies owned by the central government in an effort to control risks in property credit and curb asset bubbles, which pose a threat to the country’s strong economic recovery.
The measures, together with a recent restriction by the state-owned assets regulator, are aimed at state-owned companies that [...]

Sales of China’s top 10 real-estate developers record new high in Q1

China’s top 10 real-estate developers achieved a total of 77.65 billion yuan in sales in the first quarter of this year, an increase of 36 percent year on year, China’s official news China’s agency, Xinhua reported recently.
The total transaction area of new homes built by these 10 developers was 7.138 million square meters during the same [...]

Geely signs final agreement to buy Volvo

Hangzhou, China / Gothenburg, Sweden – 28 March, 2010 – Zhejiang Geely Holding Group Co., Ltd. (“Zhejiang Geely Holding Group”), one of the fastest-growing car manufacturers in China, today announced it has signed a definitive stock purchase agreement with Ford Motor Company to acquire 100 per cent of Volvo Car Corporation (“Volvo Cars”) and related [...]