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  1. Bow maker fears for future of craft

    Posted Oct 08th 2005, 12:00am by Ambrose Leung

    ... Yang, 48. While the former factory worker is relatively new to the profession, his father, Yang Wentong, 76, was born to the job before handing over the Ju Yuan Hao shop, tucked in a quiet residential neighbourhood in Tuanjiehu in east Beijing, to his son. Founded in the Qing dynasty as one of the bow-making factories supplying the imperial armoury, Ju Yuan Hao has been one ...

  2. Medicine firm hopes to raise $113m on GEM

    Posted Aug 30th 2005, 12:00am by Staff Reporter

    ... Interlong's net profit dived 75.2 per cent year on year to 589,000 yuan. It posted net profits of 9.44 million yuan and 8.57 million yuan in 2003 and last year, respectively. 'The profit fall ... of the past two financial years to December were 54.18 million yuan and 48.2 million yuan. Shenzhen Neptunus Bioengineering's stake will drop to 67.5 per cent from 90 per cent after the firm goes ...

  3. Residents and firms assess impact

    Posted Jul 22nd 2005, 12:00am by Staff Reporter

    ... Staff Reporters in Beijing and Shanghai Beijing and Shanghai residents were taken by surprise by the yuan revaluation, and businesses braced for the impact. Jeff Qi, general manager of a US-based health food retailer planning to set up business on the mainland, said the yuan appreciation would raise set-up costs. 'Of course it will affect us, the production cost will be higher ...

  4. Tycoon sentenced to death for murder plot

    Posted Jan 15th 2005, 12:00am by Staff Reporter

    ... to blackmail him over an assassination plot, mainland media reported. The Intermediate People's Court in Liaoyang, Liaoning province, sentenced Yuan Baojing to death on Thursday for intentional murder, a Xinhua report said yesterday. In 1996, Yuan's personal assets were estimated at more than 3 billion yuan. His brother Yuan Baoqi, and Yuan Baoshen, one of his cousins, were also ...

  5. Mainland firms line up share offers

    Posted Aug 22nd 2005, 12:00am by Staff Reporter

    ... Ni Zheng, executive director of Huali, in an interview with the South China Morning Post, said that the company would spend 45 million yuan building a factory in Shenzhen to expand production ... sources, Huali posted a net profit of 28.6 million yuan for the year to December 31 last year, representing growth of 10 per cent from 26 million yuan in 2003. Net profit in 2002 was 25.5 million ...

  6. Sexy underwear becomes very much the party line

    Posted Jul 30th 2005, 12:00am by Staff Reporter

    ... and lost it. She was prepared to hand over 600 yuan for a set of silk pyjamas but by the time she had made her choice, they had sold out. 'I couldn't decide which model I liked better ... time as in the US.' Most of the products on display at the expo were priced at 200 to 600 yuan, but one retailer was asking as much as 3,859 yuan for a stylish black silk set. ...

  7. Designer drawn home discovers there are drawbacks

    Posted Jul 03rd 2005, 12:00am by Staff Reporter

    ... Universities are enlarging their enrolment every year but teaching standards are declining. I am paid a basic monthly salary of 1,300 yuan and a teaching payment that comes to a total of 2,500 yuan. How do you make ends meet? I rent an apartment for 1,500 yuan and phone calls cost me 500 yuan. I also have to pay for transport and food. I'm OK but I have a big family in my home town ...

  8. Austerity steps put pressure on textiles

    Posted Mar 31st 2005, 12:00am by Toh Han Shih

    ... was not specifically targeted as a source of economic overheating. Beijing-based Jingwei Textile Machinery stood to lose 600 million yuan in revenues from defaulted orders this year, general manager Ye Maoxin ... textile machines worth two billion yuan, but orders worth 700 million yuan failed to materialise and were not booked into last year's revenues, he said. The company is bracing for another ...

  9. Baoye unfazed by Beijing's curbs on growth

    Posted Apr 02nd 2005, 12:00am by Eric Ng

    ... Baoye yesterday posted a 144.7 per cent rise in net profit for last year to 275.08 million yuan, as turnover rose 46.2 per cent to 4.37 billion yuan. Operating profit of the construction business grew 82 per cent to 195 million yuan, while property development surged 11.5 times to 169 million yuan. The average selling price of the Guazhu Fengqing project in Shaoxing, Zhejiang ...

  10. Pointing the way

    Posted Apr 14th 2005, 12:00am by Staff Reporter

    ... to the capital and investment markets. He also said talks would be held with mainland authorities on expanding the scope of yuan business for local lenders. ...




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