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Ningbo Port raises CNY 7 billion from Shanghai IPO

Mohan Sharma — Tue, 21 Sep 2010 05:50:29 +0000

China Knowledge reported that state owned Ningbo Port Co Ltd one of leading port operators in China raised CNY 7.4 billion from an initial public offering in Shanghai.

The fundraising size is lower than the company originally planned as it cut the offering size by 20%.

Ningbo Port said

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Chinese energy use per unit of GDP in H1 increased

Mohan Sharma — Thu, 05 Aug 2010 05:44:11 +0000

Xinhua quoted the National Bureau of Statistics said Chinese energy consumption per unit of gross domestic product rose 0.09%YoY in the first half of the year.

First half energy consumption per unit of industrial value added output for companies whose annual sales exceed CNY 5 million

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More reformation in store for yuan – Mr Hu Xiaolian

Mohan Sharma — Fri, 30 Jul 2010 06:47:55 +0000

Global Times cited Mr Hu Xiaolian a deputy governor at the People Bank of China as saying that “China should strengthen its reform of the yuan exchange rate.”

He said that “A fixed yuan exchange rate has caused excess capital in China’s financial system that may stoke inflation, making

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