China
Inflation Eroding China's Bank Deposits Signals Zhou Must Increase Rates China’s inflation rate outstripped
returns on household savings for the first time in 16 months,
making it harder for officials to damp rising expectations for
price gains.
China Will Seek to Limit Inflation Rate to 5%, Morgan Stanley's Roach Says China won’t allow its inflation
rate to exceed 5 percent, said Stephen Roach, chairman of Morgan
Stanley Asia Ltd., after a report today showed the country’s
consumer prices rose at the fastest pace in 16 months.
Air China Plans to Raise Up to $954 Million in Share Sale to Lower Debts Air China Ltd., the nation’s
largest international carrier, plans to raise about $954 million
in a share sale to pare debts.
Beijing Haohua Energy Will Raise Much as 2 Billion Yuan in Shanghai IPO Beijing Haohua Energy Resource Co.
plans to raise as much as 2 billion yuan in an initial public
offering in Shanghai, according to a filing to the city’s stock
exchange. The company will sell 110 million shares starting
March 23, according to the statement.
Mitsubishi Motors Unlikely to Raise Stake in China Venture, Journal Says Mitsubishi Motors Corp. may reject
an offer to raise its stake in Changfeng Motor, a Chinese
carmaking venture, to 32.79 percent from 14.59 percent, the
Wall Street Journal said.
China May Require Larger Land Auction Deposits, Shanghai Securities Says China may further increase deposit
requirements for land auctions, the Shanghai Securities News
reported today, citing Liao Yonglin, head of the Ministry of
Land and Resources’s land utilization department.
Taiwan to Let Mainland China Banks Buy Bank Stakes, Commercial Times Says Taiwan will allow Chinese banks to
take stakes in the island’s banks after discussing a trade
accord on industries that will have lower tariffs, the
Commercial Times reported, without saying where it got its
information.
Bank of China Plans to Buy `Hundreds of Billions of Yuan' in Bonds in 2010 Bank of China Ltd., the country’s
third-largest lender, will raise holdings of yuan-denominated
bonds this year as loan growth will be limited, chairman Xiao
Gang said in an interview.
India's Stalled Arms-Buying System Leaves Its Military Outgunned by China India, which has tripled its
defense spending in a race against China’s military buildup, is
having trouble converting the funding into weapons and equipment
its military says are urgently needed.
China Tightens Land-Purchase Rules, Bans Villas to Cool Real Estate Market China is requiring a down payment
for land purchases equal to 50 percent of a plot’s price and
prohibited the supply of land for villas as the government
sought to increase affordable housing.
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