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Company of the Week

Yahoo, one of the biggest Internet companies in the world, is negotiating to acquire a stake in Alibaba.com, the largest Chinese e-commerce company.	China's two largest oil producers will team up with the country's top aviation oil dealer to establish a new shareholding aviation oil company.
Bank of China, one of China's four big state commercial lenders, is considering selling stakes that would total nearly a quarter, or $6 billion, of its equity.	China might approve a hefty 100 billion yuan in corporate bond issues for 2005, double the previous annual record and giving firms more leeway in fund raising.
Baidu.com mesmerized Wall Street Friday as its stock more than quadrupled — a dazzling debut driven by the company's connections to Google Inc. as much as its own tantalizing potential.	Millions of people are set to benefit from China's social security fund as it targets 700 billion yuan (US$86 billion) by the end of the year.
The competition among China's home appliances retailers heated up this summer, with each trying to open more stores and expand its businesses.	China's largest search engine, Baidu.com Inc, yesterday said it would increase the number of shares, and their price, in its initial public offering (IPO).
China on Wednesday protested a decision by Washington to consider imposing quotas on five types of Chinese-made clothing.	China appreciates the US delay over its decision on Chinese textiles and expect substantial progress before it makes its final decision.
Hong Kong listed company CNOOC announced in Beijing and Hong Kong Tuesday night that it has withdrawn its offer for Unocal.	The apparently untroubled handover of power in following King Fahd's death should ensure the market reacts to the news calmly.
The Intel Corporation will locate the global headquarters of its CPG in Shanghai, highlighting its commitment to pushing forward the IT industry in China.	China Jianyin Investment signed an agreement Monday to take over Southern Securities, the country's fifth-largest brokerage.
The unexpected renminbi appreciation has triggered wide speculation about the next move of overseas investors in the Chinese real estate market.	Recent trading in the yuan after last week's revaluation showed the currency reflected supply and demand as well as moves in other currencies.
China's power supply is expected to remain squeezed in the second half of the year, with the toughest time being in the summer.	Chinese national airlines will finalise contracts early next month worth a combined six billion dollars for 50 of Boeing's new generation 787 aircraft.
China Banking Regulatory Commission (CBRC) announced yesterday the greenlight had been given to launch a postal savings bank.	The Chinese mainland will exempt import tariffs on 15 kinds of fruit from Taiwan effective August 1. They include pineapples, papayas, mangos, and pinangs.
The growth of throughput in China's port has slowed down in the first half of 2005. Coal, oil, iron ore and containers continued to be main cargoes for ships.	South Korean food safety authority said Tuesday Chinese beer is safe to drink as the formaldehyde content in Chinese beer satisfies the WHO standard.
The 2nd Pan-Pearl River Delta (Pan-PRD) Regional Economic and Trade Fair opened in Chengdu, capital of Sichuan Province on Tuesday.	CRI reporter Tu Yun has interviewed the vice president of Ford China on how Ford managed to achieve such rapid growth in the first half of 2005 at a stagnant time.
Budget airline Spring has been forced to raise its widely-publicized 199 yuan (US$25) fares less than a week after launching.	Wal-Mart Stores plans to more than double its outlets in China to 90 stores by the end of 2006 to meet growing demand in China's liberalizing retail industry.
Stephen Roach: Beijing's shift in currency policy is great news for the global economy. It should make global growth less reliant on U.S. consumption.	Chinese car maker Shanghai Automotive Industry Co (SAIC) is considering legal action to halt the sale of the collapsed British car firm MG Rover to Chinese rival Nanjing Automotive.
China's latest decision to cut its currency's link to the dollar will do little to narrow the huge U.S. trade deficit with China, the central bank chief predicted.	China will raise the price of gasoline and diesel by 300 and 250 yuan per ton respectively as of Saturday.
China is firmly opposed to and strongly dissatisfied with the US decision to limit the imports of Chinese woolen trousers.	The Chinese search engine service provider Baidu.com Inc has priced its American depository share (ADS) on the NASDAQ stock market.
Baosteel, China's largest steel conglomerate based in this economic hub in east China, ranked 309th among the Fortune 500 for this year.	China's steel prices have just begun to rebound after a sharp drop for more than 100 days. In Shanghai, steel prices rose up to 30 US dollars per ton.
China issued its first state policy on the iron and steel sector here Wednesday, raising the industrial thresholds for foreign investors and imposing tighter controls on market access.	US Internet search powerhouse Google is moving to tap China's huge market by opening a research and development center in the country.
Shanghai Automotive Industry Corp said it had submitted a formal offer for the assets of MG Rover, breathing new life into its collapsed bid for the carmaker.

Next

postal

China Post is progressing with its scheme to merge its two sub-businesses.

textile

Peter Mandelson said he would hold talks with Bo Xilai this week.

Yahoo

Chinese e-commerce operator Alibaba.com is in the late stages of talks to sell a 35 percent stake to Yahoo Inc.

·BOC IPO Could Take Place in 2005

·China, Hong Kong, Japan, and Aussie Market Roundup

·CNOOC's Market Value Up By $7b

·Producer Price Index Rises

·Lenovo Profit Up 6% After IBM PC Buy

·Power Supply Sees Robust Growth

·HK Urges Manufacturers to Go "Green"

·Major HK Banks's Interest Rate Hike

·China Mobile First-Half Profit Rises

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Company of the Week

			Producer: Han Wei Pagemaker: Li Meng Designer: Avida