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  • Dec 21, 2014
  • Updated: 7:16pm


Competition hits cashmere sales

Fierce competition cut Inner Mongolia Erdos Cashmere Products sales 22.6 per cent year-on-year to 52.13 million yuan (about HK$48.51 million), in the first quarter.

Wednesday, 20 May, 1998, 12:00am

Feline friend's warm gift

In one of the coldest places on Earth, a gift from the Pink Panther means 200 Inner Mongolian students will be a lot warmer this winter.

10 Dec 1997 - 12:00am

Stock market in Mongolia joins race for records

Mongolia's stock exchange has joined in with New York, London and Hong Kong in reaching new highs.

Last week was a record for the Top 75 Index. 'It topped 600 and could go much higher,' stock exchange official Munkhtsetseg said from the trading floor.

22 Aug 1997 - 12:00am

Progress on border zone

A visa-free trade zone on the Chinese-Russian border is expected to open this year and boost border trade.

The zone, which is already complete on the Chinese side and is under construction on the Russian side, is near Manzhouli in Inner Mongolia and Zabajkal'sk in Russia.

Last year, bilateral trade was worth US$6.85 billion.

15 May 1997 - 12:00am

First democratic PM elected

Ulan Bator: Mongolia's Parliament elected economist Enkhsaikhan as the country's first democrat Prime Minister after his party's election win over the communists.

20 Jul 1996 - 12:00am

Now rescue an economy

If the world's politicians have one common characteristic, it is a tendency to exaggerate their chances of electoral success. So the situation Mongolia's opposition democratic coalition now find themselves in is unusual, to say the least.

2 Jul 1996 - 12:00am

Firm takes stake in Erdos

CMEC GE Capital China Industrial Holdings has paid US$3.45 million for a 50 per cent stake in a subsidiary of Shanghai-listed B-share company Inner Mongolia Erdos Cashmere Group.

13 Jun 1996 - 12:00am

Ulan Bator in balancing act as it seeks to be everyone's friend

Mongolia's President Punsalmaagiyn Ochirbat was not exaggerating when he said 'good relations between China and Russia are very important for us'.

2 May 1996 - 12:00am

Thousands fight catastrophic fire

Thousands of Chinese soldiers have been mobilised to fight a catastrophic fire at Hulun Buir Meng in China's Inner Mongolia.

A meeting was called in Hohhot in Inner Mongolia last Saturday after Vice-Premier Jiang Chunyun and State Councillor Chen Junsheng inspected the fire-fighting operation, a Xinhua (New China News Agency) despatch said yesterday.

29 Apr 1996 - 12:00am

Erdos beats profit target

INNER Mongolia Erdos Cashmere Products Co, the world's largest cashmere company, has beat its profit target by 1.7 per cent, earning 178 million yuan last year.

Company official Li Weidong said sales rose 14 per cent to 850 million yuan from 745 million yuan in 1994. Exports climbed 18.8 per cent to US$58.81 million from $49.5 million.

23 Jan 1996 - 12:00am

Bigger role sought for tourism industry

INNER Mongolia has many tourist attractions, from its clear blue skies and desert to open grassland, and all could generate earnings to help boost the economy.

Despite praise for the region's natural beauty, tourism has not been treated as a major part of the region's economy since China's open-door policy started in 1979.

12 Oct 1995 - 12:00am

Deposits at PCBC soar

DEPOSITS at the People's Construction Bank of China (PCBC), one of the country's four state banks, reached 622.2 billion yuan (about HK$616.5 billion) by the end of May, 80.8 billion yuan up on the beginning of the year.

6 Jul 1995 - 12:00am

Iceberg bombed

CHINA'S Air Force scrambled two bombers to attack and destroy a giant iceberg that was threatening the Yellow River, the People's Liberation Army Daily said yesterday. The two planes dropped more than 20 bombs during Monday's 40-minute operation to break up the iceberg as it passed through Inner Mongolia.

25 Mar 1994 - 12:00am

False labels discovered

CUSTOMS officers have smashed a suspected illegal textile shipment operation being masterminded in Hong Kong following the seizures of $1.5 million worth of women's shorts bearing false labels of origin.

29 Jan 1994 - 12:00am

Majesty of Mongolia comes to glitzy Central

IT IS hard to picture two places more different than the chrome and concrete madhouse of Central and the windswept expanses of Inner Mongolia. But later this week, the two will sit side by side, in the name of art.

3 Oct 1993 - 12:00am