Industry Summits
VW China recovery plan on track
BEIJING (Reuters) - Germany's Volkswagen AG , the world's fourth-biggest car maker, is on track with its China recovery plan, but higher prices at the pump and interest rate hikes could spoil the party. Full Article
IBM taps banks, smaller business for China growth
BEIJING (Reuters) - IBM , the world's biggest computer-services firm, aims to beat the industry's growth in China as banks upgrade their technology and medium-sized firms invest to cut costs. Full Article
Datang taps markets for growth
BEIJING (Reuters) - China's second-largest listed electricity provider, Datang International Power Generation Co. Ltd. , plans to raise $1 billion by selling commercial paper and asset-backed securities (ABS) this year to help bankroll a 60 percent capacity surge over the next six years. Full Article
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Chinese banks welcome market opening
BEIJING (Reuters) - China will dismantle barriers to foreign bank competition by the end of the year, but local lenders are confident their years of restructuring will prepare them to go head-to-head with overseas rivals. Full Article
Rewards, risks as Chinese embrace credit
BEIJING (Reuters) - As China evolves from a nation of savers to one of borrowers and investors, banks are salivating over the prospects, but risks loom in a market where consumer credit is a novelty and competition is intensifying. Full Article
China draws foreign firms, Chinese flee
BEIJING (Reuters) - The grass is always greener on the other side in China: foreign companies want to tap the country's 1.3 billion consumers while some Chinese firms are desperate to escape the cut-throat competition at home. Full Article
Gome slows expansion
BEIJING (Reuters) - Gome Electrical Appliances Holdings Ltd. , China's top retailer of household electronics, is slowing its breakneck expansion to focus on beefing up the profitability of its stores. Full Article
Huawei orders on track, margins squeezed
SHENZHEN, China (Reuters) - Huawei Technologies , China's largest telecoms equipment maker, said it is on track for contract sales to grow by 30 percent annually for this year and next, but competition is squeezing margins and crimping profit growth. Full Article
China to open derivatives bourse to foreigners
SHANGHAI (Reuters) - China is likely to open the gates of its new derivatives exchange to foreigners next year to attract trading volume and allow investors to hedge their mainland stock investments. Full Article
Citigroup seeks higher China investment quota
BEIJING (Reuters) - Citigroup Inc. , the world's most valuable bank, has applied to raise its Chinese securities investment quota as it seeks to strengthen its foothold in the mainland's developing capital markets. Full Article
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| Media | Dec 1 - 4 | New York |
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