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Business 07 Jan 2004 | 12:00 AM

China bails out two state banks with US$45b

China has injected US$45bil into two big state banks in a long-awaited bailout of the debt-ridden industry, a major step towards strengthening the Achilles' heel of the world's sixth biggest economy.

Business 11 Nov 2003 | 12:00 AM

China's reforms loosening government control over state assets

The government is relaxing its grip on state-owned assets as it reforms inefficient public companies but is struggling to sell assets without harming shareholders, a senior official said Tuesday.

AseanPlus News 06 Nov 2003 | 12:00 AM

Unemployment expected to rise

DESPITE its robust growth, the Chinese economy is expected to live with a long-term dilemma - soaring unemployment - mainly due to a labour oversupply.

AseanPlus News 25 Oct 2003 | 12:00 AM

State firms attract foreigners

A RECRUITMENT campaign by six of China's biggest state-owned enterprises for senior managers has attracted 463 applicants from home and abroad.

AseanPlus News 19 Sep 2003 | 12:00 AM

State firms seek senior managers

SIX of China's biggest state-owned enterprises (SOEs) have jointly launched their most ambitious recruitment campaign for senior managers.

Business 19 Aug 2003 | 12:00 AM

Chinese government acts to avoid overheating economy

The Chinese government spent almost a third more on roads, power plants and other fixed assets in July than a year earlier which underscored official worries about economic overheating, state data showed yesterday,

AseanPlus News 01 Jul 2003 | 12:00 AM

Striking workers defy call for industrial peace

B>SEOUL:/BThousands of South Korean labour activists rallied yesterday to support a walkout by railway workers, defying President Roh Moo-Hyun's call for industrial peace.

Business 07 Mar 2003 | 12:00 AM

China moves to sustain growth

China, seeking greater efficiency to keep its fast-growing economy on track, has unveiled an ambitious government revamp as parliament prepares to finalise the transition to a new generation of leaders.