Albemarle Acquires Controlling Stake in Antioxidant Joint Ventures in China Aug 2, 2007
BATON ROUGE, LA., Aug. 1 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB) has acquired a controlling interest in its two antioxidant joint ventures in China: Ningbo Jinhai Albemarle Chemical try Co., Ltd. and Shanghai Jinhai Albemarle Fine Chemicals Co., Ltd. Albemarle's ownership interest increased from 25 percent to 75 percent. (Logo: ) The "Jinhai Albemarle" joint ventures specialize in the manufacture and marketing of polymer antioxidants and associated intermediates, and currently supply... (PR Newswire)
Small companies offer chances for city banks Jul 30, 2007
BEIJING, July 30 -- The Bank of Nanjing and Bank of Ningbo, two Chinese city commercial banks, issued shares on the A-share market on July 19, receiving a warm response from investors ... The subscription for shares of Bank of Ningbo froze 818 ... 3 percent of its enlarged share capital, while Bank of Ningbo raised a net 4. (Xinhuanet, China)
Chinese regional banks soar on debut Jul 20, 2007
Bank of Nanjing and Bank of Ningbo soared 72 per cent and 141 per cent, respectively, on their trading debuts on the Shanghai and Shenzhen stock exchanges on Thursday, as investors grabbed their first opportunity to buy into Chinas smaller regional banks ... Frances BNP Paribas owns about 13 per cent of Bank of Nanjing and Singapores Oversea-Chinese Banking Corp has a share in Bank of Ningbo ... By Thursdays close, Nanjing Banks shares were trading at a price-to-earnings ratio of... (FT.com -- Markets)
Nike Sues Over Copied Air Jordan Logo Jul 18, 2007
Nike, the world's largest sports apparel company, says it found shoes made by the companies being sold in outlets operated by the Auchan chain in Shanghai and the nearby city of Ningbo, the China Daily newspaper said ... -based Nike is suing Auchan's Shanghai and Ningbo offices and shoemakers, Jinjiang Kangwei Shoes Co. Ltd and Jinjiang Longzhibu Shoes Co. Ltd., demanding they cease making and selling the shoes, apologize, and pay 1 million yuan, or $131,000, in damages, the report said. (CBS News)
Nike files suit in China over alleged copying of Air Jordan logo Jul 18, 2007
Nike Inc., the world's largest sports apparel company, says it found shoes made by the companies being sold in outlets operated by the Auchan chain in Shanghai and the nearby city of Ningbo, the China Daily newspaper said ... Nike is suing Auchan's Shanghai and Ningbo offices and shoemakers, Jinjiang Kangwei Shoes Co. Ltd and Jinjiang Longzhibu Shoes Co. Ltd., demanding they cease making and selling the shoes, apologize, and pay 1 million yuan ($131,000) in damages, the report said. (KGW Northwest NewsChannel 8, OR -- Business)
Nike files suit over shoe logo Jul 17, 2007
"We found infringements not only in the Auchan store in Shanghai but also in its store in Ningbo," Nike's lawyer told China Daily ... Nike has filed suits against both the Shanghai and Ningbo offices of the retailer and the manufacturers of the shoes, Jinjiang Kangwei Shoes Co Ltd and Jinjiang Longzhibu Shoes Co Ltd.. (Xinhuanet, China)
Four IPOs drain record capital Jul 16, 2007
Bank of Ningbo opened at 9. 2 yuan per share, with a total frozen capital of 818. (Xinhuanet, China)
Albemarle to get controllinginterest in China ventures Jul 15, 2007
Albemarle Corp. has completed definitive agreements with its Chinese partner to increase Albemarles ownership from 25 percent to 75 percent in two joint ventures: Ningbo Jinhai Albemarle Chemical try Co. Ltd. and Shanghai Jinhai Albemarle Fine Chemicals Co., Ltd.. Both companies specialize in the manufacturing and marketing of polymer antioxidants and the associated intermediates. (Orangeburg Times and Democrat, SC)
Can China Be Fixed? Jul 13, 2007
That has hobbled telecom equipment makers such as Huawei Technologies and ZTE and handset producers TCL and Ningbo Bird. "The continued delay of 3G in China is hurting the whole industry," says Jing Wang, Qualcomm Inc.'s ( ) Asia chief. (BusinessWeek)
China's June trade surplus hits new high Jul 10, 2007
Containers are piled up at Ningbo Port in Ningbo, China in this June 9, 2005 file photo. China's politically sensitive trade surplus soared to a new monthly record high in June, the government said Tuesday, July 10, 2007 showing that demand for Chinese goods remains strong despite growing concerns about their safety. (Anchorage Daily News)
Asian Treasurer Must Sidestep Quicksand of Cash Jul 10, 2007
Bank of Ningbo Co. in Shanghai. July 10 (Bloomberg) -- A surfeit of liquidity has turned even conservative central banks in Asia into yield hogs. (Bloomberg -- Columnists)
Bridge to Shanghai should give Ningbo's economy a lift Jul 9, 2007
Bridge to Shanghai should give Ningbo's economy a lift - International Herald Tribune. Bridge to Shanghai should give Ningbo's economy a lift ... NINGBO, China: The $1. (International Herald Tribune -- Business)
China Shares Plunge on IPO Concerns Jul 6, 2007
Four companies will offer shares next week: Bank of Nanjing, Bank of Ningbo, high-tech firm Guangdong Ronsen Super Micro-wire and Sichuan Gaojin Food. After months of feverish buying by Chinese investors starved of better-yielding investment options, however, the mania for stock purchases seems to be waning. (Newsmax)
Asian Stocks Rise for Sixth Day; Samsung Electronics, BHP Billiton Gain Jul 5, 2007
Four companies, including Bank of Nanjing Co. and Bank of Ningbo Co., yesterday announced their first sales of domestic shares. Investors are also concerned about more measures to cool the market. (Bloomberg -- Asia)
Two Chinese banks to launch IPOs China High Speed shares surge Jul 5, 2007
SHANGHAI: Chinas Bank of Nanjing and Bank of Ningbo, two city commercial lenders, said yesterday they are set to launch initial public offerings of domestic Ashares next week which analysts expect to raise a combined US$1 ... Both Bank of Nanjing, partly owned by top French lender BNP Paribas, and Bank of Ningbo said in separate statements they would sell their shares to the public next Wednesday and Thursday. (The Star Online, Malaysia -- Business)
Milwaukee can work for Yi Jul 5, 2007
In October 2005, Mayor Tom Barrett led a delegation to Ningbo, China, and signed a sister city agreement with his counterpart there ... And in May 2006, Ningbo officials came to Milwaukee for a visit with the city's business leaders. (SportsIllustrated.CNN -- NBA)
Real estate focus turns to China's secondary cities Jun 29, 2007
Some third-tier cities, notably Harbin, Fuzhou, Wuxi, Jinan, Ningbo, Zhengzhou, Changchun and Changsha are putting in place the conditions to create a solid economic profile and are beginning to taste success in creating real estate demand. Other third-tier cities such as Kunming, Nanning, Nanchang, Hefei and Changzhou are poised to realize their full growth potential based on a mix of strengths, and in some cases, developing specializations. (Xinhuanet, China)
World crisis of confidence in Bush Jun 28, 2007
Paul, Ningbo , China. No wonder people strongly dislike America. (Times Online)
China creates longest sea bridge Jun 27, 2007
The bridge, which will have six lanes and allow traffic to travel at 100km/h, will shorten the distance between China's commercial capital, Shanghai, and the major industrial port of Ningbo by 120km. In a break with tradition, private firms provided almost a third of the investment needed for the project, which cost a total of $1. (BBC News -- Asia-Pacific)
Longest sea-spanning bridge linked in China Jun 27, 2007
The bridge connects Shanghai with the industrial city of Ningbo and spans Hangzhou Bay, cutting the distance between the cities from about 250 miles to 50 miles. Officials welded together the final section at a ceremony attended by hundreds of workers from the companies building the bridge. (Newsday -- World)
China rejects tainted U.S.food Jun 27, 2007
Earlier this month, inspectors in the ports of Ningbo and Shenzhen turned away or destroyed shipments of health supplements and raisins because they said the products did not meets safety standards. CONSUMER UPDATE. (AZCentral -- Business)
China rejects tainted U.S. food products Jun 26, 2007
Earlier this month, inspectors in the ports of Ningbo and Shenzhen turned away or destroyed shipments of health supplements and raisins because they said the products did not meets safety standards. Share this story. (Fresno Bee -- State)
WP: In China, cash carries the weight Jun 26, 2007
Chen Jing, a 28-year-old teacher from the eastern coastal city of Ningbo, however, came to the conclusion that the novelty wasn't worth the $25 annual fee. "I had a credit card but just canceled it recently because I don't need it and I never used it," Chen said. (MSNBC -- International)
Chinese exporters scramble to beat cuts in export tax rebates Jun 26, 2007
Zhang Yunfei, a manager at Ningbo Haitian International Trade and Forwarder, added: "Exporters are trying like mad to make shipments because of the export rebate policy.". Zhang, whose company mainly serves exporters in the Yangtze River Delta, said that shipping charges between China and the Middle East had tripled in the past six months to 2,800 yuan, or $370, per standard container. (International Herald Tribune -- Business)
Sea bridge bestrides Hangzhou Bay Jun 26, 2007
NINGBO, June 26 (Xinhua) -- A grand ceremony will be held on Tuesday afternoon to mark the linking of the two ends of a trans-oceanic bridge that spans Hangzhou Bay near Shanghai on the east China coast, according to its builders ... The spectacular 36-km-long Hangzhou Bay Bridge starts at Jiaxing, near Shanghai, and ends at Cixi, about 70 km from Ningbo city in Zhejiang Province ... The world's longest sea bridge, it will cut the length of a road trip from Shanghai to bustling Ningbo from 400... (Xinhuanet, China)
The Hangzhou Bay Bridge, the world's longest cross-sea span, will cut the length of a road trip from Shanghai to Ningbo to just 80km. It will go into service in August 2008. Hangzhou Bay Bridge's ends set to link up Jun 26, 2007
The 36-km trans-oceanic bridge, which links Ningbo's Cixi County in the south to Jiaxing in the north, has six lanes and a designed lifespan of 100 years ... 55 billion) bridge, which will shorten the road journey between Ningbo, a major port city, and Shanghai by 120 km, is expected to give a huge boost to regional economic integration and spur development. (Xinhuanet, China)
COSCO Shanghai IPO draws US$200bil funds Jun 21, 2007
The 107,277-tonne COSCO Ningbo during its launching in March last year at the port in Ningbo, eastern China's Zhejiang province. The oversubscription ratio of 106 times for China COSCOs offer was one of the highest ever recorded for a Chinese company. (The Star Online, Malaysia -- Business)
Chinese banks join rush for IPOs Jun 20, 2007
Bank of Nanjing and Bank of Ningbo are set to become the first city-based banks in China to emulate the countrys giant state-owned lenders by listing ... The smaller Bank of Ningbo will sell 18 per cent in Shenzhen and could to raise up to $480m ... 2 per cent of the Ningbo bank. (FT.com -- Markets)
World's longest trans-sea bridge linked up successfully Jun 19, 2007
UPDATED: 08:54, June 19, 2007. Copyright by People's Daily Online, all rights reserved. (People's Daily Online, China)
China's key index surges as investors snapped up stocks Jun 19, 2007
Meanwhile, the China Securities Regulatory Commission said it would review on Friday applications from Bank of Nanjing and Bank of Ningbo to open initial public equity offers ... gov.cn) on Monday, putting the Nanjing and Ningbo banks on track to become the country's first city commercial banks to float shares. (International Herald Tribune -- Business)
Sounds of yesteryear seduce Shanghainese Jun 15, 2007
"He was saying 'snails, please buy fresh yellow snails from Ningbo'," said Sun, who, as a young man, enjoyed the snack from neighboring Zhejiang Province. People of Sun's age were most active in the quizzes led by the organizers of the "sound museum". (Xinhuanet, China)
U.S. leading shipping firm eyes second route to China Jun 15, 2007
The company last year invested 365 million U.S. dollars in vessels, containers and terminal assets to inaugurate the China-America route, which has port calls in Ningbo and Shanghai as well as Long Beach, California ... The weekly service, which handles 50,000 containers annually, passes through Ningbo and Shanghai before arriving 11 days later in Long Beach ... Matson selected Shanghai and Ningbo because of their strong growth potential, as well as their close proximity in the Yangtze River... (Xinhuanet, China)
STATS ChipPAC sells discrete assets Jun 12, 2007
ingapore's STATS ChipPAC Ltd. Monday (June 11) announced the signing of a definitive agreement for the sale of select manufacturing assets to China's Ningbo Mingxin Microelectronics Co. Ltd.. Under the agreement, STATS ChipPAC will transfer assembly and test assets used to manufacture discrete power packages, including TO220, D2Pak, TO247 and Dpak, to Mingxin which is located in Ningbo city, Zhejiang province in China ... Located in the Hi-Tech Park of Ningbo city, Mingxin specializes in... (EETimes)
China's trade surplus soars to $22.5b Jun 12, 2007
Containers are piled up at Ningbo Port in China. China's trade gap rose 73 percent in May from the year-ago period. (Boston Globe)
S&P downgrades rating of Fidelity's parent FMR Jun 9, 2007
China said inspectors in the ports of Ningbo and Shenzen found bacteria and sulfur dioxide in products shipped by three American companies. No details were given on when or how the inspections were conducted. (Boston Globe)
Payback: China Bans U.S. Supplements, Raisins Jun 9, 2007
Friday's announcement said Chinese inspectors in the ports of Ningbo and Shenzen found bacteria and sulfur dioxide in products shipped by three American companies. "The products failed to meet the sanitary standards of China," the said in a notice posted on its Web site. (Fox News)
AP Executive Morning Briefing Jun 8, 2007
Inspectors in the ports of Ningbo and Shenzhen found bacteria and sulfur dioxide in products shipped by three American companies, the General Administration of Quality Supervision, Inspection and Quarantine said. . (Shoals TimesDaily)
Deere & Company to Acquire Chinese Tractor Company; Expand Product Line Jun 8, 2007
June 8 /CNW/ -- Deere ny, the world's largest manufacturer of agricultural equipment, said today that it plans to expand small tractor manufacturing in China by acquiring the Ningbo Benye Tractor mobile Manufacture Co. Ltd. business, located in Ningbo in southern China ... However, Deere did report that it will create a wholly-owned subsidiary named John Deere Ningbo Agricultural Machinery Co. Ltd. to manage the business. (Canada Newswire)
Bank of Kyoto looking to buy stake in Chinese bank to expand retail business, executive says Jun 8, 2007
Some have even applied for an IPO and are expected to go public very soon, said Xu, citing the Nanjing Commercial Bank and Ningbo Commercial Bank. The two banks were widely reported by Chinese media to have submitted IPO applications to the China Securities Regulatory Commission (CSRC). (FT.com -- Markets)
Port of Savannah continues growth with two new services Jun 6, 2007
The ESX will originate in Ningbo then call on Shanghai, Chiwan, Hong Kong, Panama and then Savannah, New York, Norfolk, Panama and back to Ningbo. Both services will make inaugural calls on Savannah this summer, the Georgia Ports Authority said. (Atlanta Business Chronicle, GA)
China's investors undeterred by tax increase Jun 4, 2007
A larger drop would cause retail investors to lose more money and could spark unrest, said Fraser Howie, a co-author of the book "Privatizing China: The Stock Markets and Their Role in Corporate Reform." Jiangsu Wuzhong Industrial, Ningbo Fuda and Hong Yuan Securities all fell 19 percent last week. Since the start of May, Chinese central bank officials, the former chairman of the U.S. Federal Reserve, Alan Greenspan, and Li Ka-shing, Asia's richest man, have all warned of a looming correction. (International Herald Tribune -- Business Asia)
Shanghai eases land restrictions for foreigners May 24, 2007
Singapore's CapitaLand has expanded rapidly into cities such as Ningbo, Hangzhou, Chongqing and Chengdu. It now manages 28 malls across China through a joint venture with Shenzhen International Trust and Investment Co.. (Asia Times Online)
Coke says no China jail labour May 21, 2007
It was in Ningbo prison, he told the BBC, that he was made to work on merchandise intended for the company. Coca Cola says it "does not accept utilization of prison labour". (BBC News -- Business)
Miss Universe China finals May 20, 2007
UPDATED: 15:20, May 19, 2007. Liang Yushu (R) was second, followed by Yang Ling (L). (People's Daily Online, China)
China will raise the one-year deposit and loan interest rates by 0.27 and 0.18 percentage points respectively as of May 19, the People's Bank of China announced Friday. China to widen RMB floating range against USD May 19, 2007
They are Guangdong, Jiangsu, Zhejiang, Shandong, Fujian, Liaoning, Ningbo, Qingdao, Xiamen and Dalian. "These regions boast most speculative money flowing from abroad. The check-up in the areas will be able to improve transparency of capital inflow," said Tan. (Xinhuanet, China)
Selden: Forgotten Holocaust May 9, 2007
Between 1932 and 1945, Japan had bombed Shanghai, Nanjing, Chongqing and other cities, testing chemical weapons in Ningbo and throughout Zhejiang province. 18] In the early months of 1945, the United States shifted its attention to the Pacific as it gained the capacity to attack Japan from newly captured bases in Tinian and Guam. (Zmag.org)
Strategic oil reserve to equal 30 days imports Apr 23, 2007
China has decided to establish four strategic oil reserve bases in Dalian, Qingdao, Ningbo and Zhoushan, respectively. The first one in Ningbo of East China's Province has started to be fed with oil, according to the NDRC.. (People's Daily Online, China)
* Business Quick Take Apr 21, 2007
Some US$35 million would be spent on a plant in Foshan, in southeastern Guangdong Province, and US$30 million would go to Ningbo, eastern Zhejiang Province, a Chi Mei spokeswoman said. The investment plans are pending government approval, she said. (Taipei Times, Taiwan -- World)
A step toward the rule of law Apr 18, 2007
Zhang filed a new lawsuit with a higher court - Ningbo Municipal People's Court (Fenghua is under the jurisdiction of Ningbo), but it was not accepted. By that time the Fenghua government had already successfully won approval of the land requisition by the Ningbo municipal government and Zhenjiang provincial government. (Asia Times Online)
Customs reveals its best busts in 2006 Apr 17, 2007
In April, Ningbo Customs in East China's Zhejiang Province seized 310,000 counterfeit Tiger Head batteries destined for a port in the Middle East. After contacting the trademark owner the Guangzhou Tiger Head Battery Group Company officers confirmed the goods were counterfeit. (People's Daily Online, China)
China to miss target for using natural gas Apr 17, 2007
China National Offshore Oil, the country's largest offshore oil company, said in February it will delay completion of an LNG terminal in Ningbo, Zhejiang, by six months to after 2008 after failing to secure supplies overseas. The country will struggle to meet its LNG import target, estimated at 20 million tons a year by 2015, because of high prices, Jiang Zhaozu, vice chairman of the China Investment Association, said in Shanghai on April 4. (International Herald Tribune -- Business Asia)
Over 1.6 million file tax returns Apr 14, 2007
Eighty-one per cent of the big earners came from Beijing and coastal economic engines such as Shanghai, Shenzhen, Xiamen, Qingdao, Ningbo and cities in eastern China's Jiangsu province. The average 310,000-yuan salaries comprised income payments, share dividends, private businesses and secondary jobs such as consulting work. (The Star Online, Malaysia -- News)
Hartmarx seeks sales in Asia Apr 12, 2007
Hartmarx recently inked a deal with Youngor Group Ltd. in Ningbo, China, to open 400 stores with the Hart Schaffner Marx name Hartmarx's flagship men's suit label on the mainland over the next decade or so. Youngor, which is both the biggest manufacturer and retailer of menswear in China, will produce the suits to Hartmarx's styles and specifications at its own plants under license. (Crain's Chicago Business)
Former Ohio State women's volleyball setter Katie Virtue added to the U.S. Women's National Volleyball Training Team Apr 7, 2007
The FIVB World Grand Prix finals are slated for Ningbo, China on Aug. 22-26. The NORCECA Championships will be contested Sept. 17-22 at Winnipeg, Canada, with a bid into the FIVB World Cup at stake. (Ohiostatebuckeyes.com)
Staples - World's Largest Office Products Retailer - to Meet 34 China Suppliers at Global Sources' Private Sourcing Event Apr 2, 2007
" World's Top Buyers Scheduled to Attend Private Buyer Meetings and Private Sourcing Events Many of the world's top buyers including Carrefour, QVC and RadioShack are scheduled to meet Global Sources suppliers at upcoming Private Buyer Meetings or Private Sourcing Events. Private Buyer Meetings will be held during the China Sourcing Fairs at Hong Kong's AsiaWorld-Expo. Dates of the Fairs are: -- Electronics nents, April 12-15 -- Fashion Accessories, April 12-15 -- Underwear ear, April 12-15 --... (PR Newswire)
Baker Botts Opens Beijing Office Mar 31, 2007
The firm recently advised New XCL-China LLC, which holds an interest in upstream energy assets in China, in the transfer of New XCL-China shares to Sinochem Petroleum Ltd. and Sinochem Corp., and represented Houston-based Lyondell Chemical Co. in a joint venture with China-based Zinopec Zhenhai Refining cal Co. The joint venture will construct a chemical manufacturing plant in Ningbo, China, which is near Shanghai. A number of other large Texas firms are also in China. (Law.com)
* Business Briefs Mar 22, 2007
Chi Mei operates a LCD module production complex in Ningbo, Zhejiang Province, and is building another one in Foshan, Guangdong Province. BenQ cancels 60m shares BenQ Corp (), the nation's largest manufacturer of branded consumer electronics, canceled 2. (Taipei Times, Taiwan -- World)
China jails dissident Web editor Mar 21, 2007
Zhang Jianhong, better known by the pen name of Li Hong, was sentenced Monday by a court in Ningbo, in the eastern province of Zhejiang. He has appealed. (Variety)
Chinese Cyber-Dissident Gets 6 Years Mar 20, 2007
Xinhua said Zhang's sentence was handed down by the Ningbo Intermediate People's Court in Zhejiang province in eastern China ... Calls to the court in the city of Ningbo south of Shanghai were not answered Monday night. (CBS News)
Slumping spikers get injection of youth Mar 20, 2007
The revamped team will leave for south China's Zhangzhou, Guangzhou and Binzhou for three months of training before competing at the Four Nations Tournament slated for late May in Ningbo, province. Source: China Daily. (People's Daily Online, China)
Pigs dig up Pacific roots Mar 19, 2007
COURTESY BISHOP MUSEUM This stone adz blade, part of the current Bishop Museum exhibition, was among the remains of an ancient civilization unearthed in 1973 at the village of Hemedu, near Ningbo, China, south of Shanghai. Adzes like this one, a little more than 3 inches long, were used to carve out tree trunks for canoes. (Honolulu Star-Bulletin)
WorldSource Invited to Exhibit at Wealth Expo 2007 Mar 14, 2007
The Company is headquartered in Los Angeles, with production offices in Hong Kong, import/export/manufacturing facilities in Ningbo, Wuhan, Hangzhou and Shanghai, China. For more information, please visit. (PR Newswire)
Bridge-maker Kahler crafts resurrection that truly resonates Mar 11, 2007
Today, Kahler has manufacturing facilities in Anaheim, Fullerton and Oceanside, and recently opened a new factory in Ningbo, China. The company has about 200 employees. (San Diego Union-Tribune -- Business)
Low-end cellphone cost dips to $25 Mar 11, 2007
The voice-only Motorola MotoFone F3 and the Ningbo Bird S198+ hit new lows in total parts counts as well, the company said. Motorola and Bird, a top handset supplier in China, use highly integrated sets from Texas Instruments and Infineon, respectively. (EETimes)
Public turn their backs on the super league Mar 8, 2007
It said the problem was highlighted by the fact that Ma Lin, the men's world number one player bought a year ago by Shaanxi Yinhe club for five million yuan (US$645,000) was sold for just over one fifth of that sum last Friday to rival club Ningbo Haitan. Shaanxi won the league last season thanks to Ma's help but his transfer fee came close to bankrupting the club. (The Star Online, Malaysia -- Sports)