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China

Foxconn resolves pay dispute with some workers in China

Foxconn resolves pay dispute with some workers in ChinaIn a Thursday statement, the world’s biggest contract electronics manufacturer Foxconn Technology said that its pay dispute with its employees at one of its central China plants has been resolved successfully and peacefully.

H5N1 virus claims first casualty in China

H5N1 virus claims first casualty in ChinaChinese health department officials have confirmed that the death of a 39-year-old man in Guangdong Province was due to bird flu.

China’s food quality regulator finds no more excess toxins in milk

China’s food quality regulator finds no more excess toxins in milkChina's food quality regulator has confirmed that it didn't find more excessive levels of cancer-causing substance aflatoxin in milk.

Milk products price hikes are regular adjustments: Mengniu says

Milk products price hikes are regular adjustments: Mengniu says Mengniu, China's leading dairy products manufacturer, has announced that it would increase the prices of some of its products to adjust them to rising costs.

Speaking to China Daily, Mengniu's assistant spokesman Ji Xiaodong said that the decision to increase prices wasn't astonishing as the company regularly adjusts prices.

China's economic growth will likely tumble to 7.9% in 2012: Nomura International predicts

China's economic growth will likely tumble to 7.9% in 2012: Nomura International predicts China's economic growth will likely tumble to 7.9 per cent during the whole year of 2012, the Hong Kong-based investment bank Nomura International Ltd predicted.

New China Life Insurance raises US$1.9bn from IPO

New China Life Insurance raises US$1.9bn from IPO New China Life Insurance Co. raised HK$14.7 billion (US$1.9bn) from its initial public offering (IPO) at the Shanghai and Hong Kong stock exchanges.

The Chinese insurer sold 358.42 million shares in Hong Kong, at HKD28.50 a piece. The price was very close to the bottom of an indicative range of HKD28.20 to HKD34.33.

Laid-off workers gather outside Hi-P's Shanghai factory over relocation plan

Laid-off workers gather outside Hi-P's Shanghai factory over relocation plan  As many as two hundred laid-off workers on Friday massed outside a Shanghai factory of a Singaporean electronics firm Hi-P International to protest the management's plan relocation and for mass layoffs.

Wearing blue-jackets, the workers were holding banners demanding management explanations and chanting slogans against the relocation plan.