People's Bank of China governor Zhou Xiaochuan12 in Washington, DC, to attend IMF policy-making body the International Monetary and Financial Committee of the 17th Ministerial Conference that from the present situation, the loan-to-crisis on the United States, the negative impact of China's economy more than originally expected to be small, China's loss of some financial institutions are completely digestible in the area.
The loan-to-time in the crisis, China has some financial institutions because of financial products and related losses. For example, last year, the Industrial and Commercial Bank and the Bank of China on a total of the loan-to-pay for a total of 1.695 billion U.S. dollars. But Zhou Xiaochuan said that these losses are limited and digestible range. Through reform of the financial system, strengthening the relevant regulatory measures, China's financial enterprises than the Asian financial crisis, more health, the smaller the loss will not affect their profitability and stock price.
Zhou Xiaochuan pointed out that the first quarter of 2008 data show that China from the United States, the European rapid growth of imports and exports remained stable. So far, the loan-to-crisis on the Sino-US trade has yet to have a significant impact. But Zhou Xiaochuan also warned that China's economy faces uncertainty in the increase, this increase in the policy-making more difficult.
The global economic situation, Zhou Xiaochuan said that the United States, loan-to-crisis triggered by volatile financial markets, oil and major long-term high prices of raw materials led to increased inflationary pressures, the rise of trade protectionism of the developed countries and other areas of proliferation, the world economic outlook should not be Optimistic.
Zhou Xiaochuan pointed out that the exchange rate to adjust the imbalance between limited role, its role is not overstating the reality, the process of adjustment will be misleading. "At present, disorderly adjustment of global imbalances the pressure has eased, the International Monetary Fund's top priority is to focus on the financial crisis." Zhou Xiaochuan said.
Source: 北京商报 Apr. 14, 2008
ACH Breakthrough 20 Billion Profit Last Year, Declared The World's Top 500
Yesterday, Aluminum Corp. Of China Limited (Chalco) announced in Beijing last year, the company operating income 131.7 billion yuan, up 24.1 percent. Maintain profits for two consecutive years in more than 20 billion yuan. Size of the company's assets exceeded 200 billion , up 201.4 billion yuan. Lv Youqing Chalco vice president said that as the company performance has been up to standard, it has started to declare wealth of the world's top 500, was able to estimate the formal entry into the list.
Lv Youqing, Chalco in similar enterprises in the profit is higher, but the world's top 500 is the standard in terms of revenues, profits and taxes last year, Chalco of nearly 50 billion yuan, more than some of the world top 500 enterprises, can be said to enter Chalco 500 after the competitiveness of very strong.
It is understood that Chalco alumina production last year by 8.8 percent year-on-year, breaking 10 million tons, ranking second in the world aluminium and aluminium alloy output by 20.7%; turnout has increased 27.4 percent; cathode copper production by 20.6% copper material by 13.8%; Titanium Sponge by 65%, titanium and titanium alloy materials by 51.9%; seeing an increase equivalent to 0.87% molybdenum concentrates. In addition, Chalco last year 21 billion yuan in fixed assets investment in the bauxite-built 18 projects, with a total construction scale of 7.4 million tons / year.
Currently, the SAC has agreed to re-examine the main Chalco will be to expand the scope of aluminum, copper, rare and rare earth and other non-ferrous metals mining, smelting, processing, trade and related engineering and technical services. Chalco future strategy for building multi-metal transformation of the international group.
Source: 上海证券报 Jan. 12, 2008
Lv Youqing, Chalco in similar enterprises in the profit is higher, but the world's top 500 is the standard in terms of revenues, profits and taxes last year, Chalco of nearly 50 billion yuan, more than some of the world top 500 enterprises, can be said to enter Chalco 500 after the competitiveness of very strong.
It is understood that Chalco alumina production last year by 8.8 percent year-on-year, breaking 10 million tons, ranking second in the world aluminium and aluminium alloy output by 20.7%; turnout has increased 27.4 percent; cathode copper production by 20.6% copper material by 13.8%; Titanium Sponge by 65%, titanium and titanium alloy materials by 51.9%; seeing an increase equivalent to 0.87% molybdenum concentrates. In addition, Chalco last year 21 billion yuan in fixed assets investment in the bauxite-built 18 projects, with a total construction scale of 7.4 million tons / year.
Currently, the SAC has agreed to re-examine the main Chalco will be to expand the scope of aluminum, copper, rare and rare earth and other non-ferrous metals mining, smelting, processing, trade and related engineering and technical services. Chalco future strategy for building multi-metal transformation of the international group.
Source: 上海证券报 Jan. 12, 2008
China 2010 Years Ago No Longer Accept Applications For New Airlines
Secretary for the Civil Aviation Administration of China Li Jiaxiang said that in the future will be strictly civil aviation market access, and that before 2010, the Civil Aviation Administration no longer be accepted for the new airline.
Li Jiaxiang said that the CAAC will have new airlines admissibility of a rigorous review of the application, the airline approved every year the number of construction not more than three.
He stressed that in the future new applications for the establishment of the airlines, the CAAC will be qualified investors, aircraft ownership, scope of business, and base protection, the pilot areas such as improving access to the source threshold.
Li Jiaxiang said that China's civil aviation industry the current comprehensive support capabilities and rapid growth of demand for air transport requirements inharmonious, the shortage of human resources, poor infrastructure, lack of resources available airspace management level is not high on the sustained and rapid development of a certain constraints.
Statistics show that currently the world, and 96 airlines fly to China, there are more than 40 domestic airlines, including state-owned or state-controlled company is less than 10, China's civil aviation market competitive.
Source: 新华网 Lin Hongmei & Qian Chunxian Jan. 11, 2008
Li Jiaxiang said that the CAAC will have new airlines admissibility of a rigorous review of the application, the airline approved every year the number of construction not more than three.
He stressed that in the future new applications for the establishment of the airlines, the CAAC will be qualified investors, aircraft ownership, scope of business, and base protection, the pilot areas such as improving access to the source threshold.
Li Jiaxiang said that China's civil aviation industry the current comprehensive support capabilities and rapid growth of demand for air transport requirements inharmonious, the shortage of human resources, poor infrastructure, lack of resources available airspace management level is not high on the sustained and rapid development of a certain constraints.
Statistics show that currently the world, and 96 airlines fly to China, there are more than 40 domestic airlines, including state-owned or state-controlled company is less than 10, China's civil aviation market competitive.
Source: 新华网 Lin Hongmei & Qian Chunxian Jan. 11, 2008
China Billionaire Number Ranks Second in the World
2007 "China 500 Rich List" issued yesterday in Hong Kong, 500 Regal list total assets reached 4.3426 trillion yuan. Guangdong Regal list of 87 people, the largest number. According to statistics, China has become the second largest number of billionaires of the country, after the United States. Assets of more than 1 billion US dollars in China has reached 146 Regal, a year ago this statistical data for 85.
"China 500 Rich List" by "World Entrepreneur" magazine production, the magazine with the World Brand Laboratory belong to the group of world managers. "Hurun China Rich List", "Forbes China Rich List," The difference is that, "China 500 Rich List" covers including the Mainland, Taiwan, Hong Kong and Macao to the rich. Hong Kong's Sun Hung Kai Properties Kuo brothers top of the list, the Mainland Regal Country Garden Yang Huiyan to 101.2 billion assets ranked fourth, the Regal is the most wealthy, Zhang Yin family ranked sixth, is entered before Another 10 of the Regal.
According to statistics, China's tens of millions of billionaires 0.44 million people, more than 18,000 billionaires and millionaires number about 3.3% of the total population. The phenomenal growth of the number of rich, and is regarded as China's stock market and real estate market of the high-speed growth, "credit." For the real estate industry to contribute to the rich list of 128 people and become truly "rich fertile land."
Regal list of 500 total assets reached 4.3426 trillion yuan, the former 10 per capita wealth 87.61 billion yuan, list the minimum threshold (500) 1,850 million yuan.
Source: 羊城晚报 Zhou Min Dec. 30, 2007
"China 500 Rich List" by "World Entrepreneur" magazine production, the magazine with the World Brand Laboratory belong to the group of world managers. "Hurun China Rich List", "Forbes China Rich List," The difference is that, "China 500 Rich List" covers including the Mainland, Taiwan, Hong Kong and Macao to the rich. Hong Kong's Sun Hung Kai Properties Kuo brothers top of the list, the Mainland Regal Country Garden Yang Huiyan to 101.2 billion assets ranked fourth, the Regal is the most wealthy, Zhang Yin family ranked sixth, is entered before Another 10 of the Regal.
According to statistics, China's tens of millions of billionaires 0.44 million people, more than 18,000 billionaires and millionaires number about 3.3% of the total population. The phenomenal growth of the number of rich, and is regarded as China's stock market and real estate market of the high-speed growth, "credit." For the real estate industry to contribute to the rich list of 128 people and become truly "rich fertile land."
Regal list of 500 total assets reached 4.3426 trillion yuan, the former 10 per capita wealth 87.61 billion yuan, list the minimum threshold (500) 1,850 million yuan.
Source: 羊城晚报 Zhou Min Dec. 30, 2007
Suntech Recognized for Exceptional Product Quality Control by China's National Quality Administration
Only Chinese Solar Company to Have Received Export Inspection Exemption
Suntech Power Holdings Co., Ltd. (NYSE: STP) one of the world’s leading manufacturers of photovoltaic (PV) cells and modules, today announced that Suntech has been granted National Export Inspection Exemption by the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) of the People’s Republic of China. The export inspection exemption is China's highest honor awarded to companies that demonstrate exceptional internal product quality management and control. Suntech is the first Chinese solar company to receive this national recognition.
Since Suntech made the initial application for the export inspection exemption in January of 2006, numerous provincial and national quality representatives have conducted extensive reviews of Suntech’s quality procedures which have led to ongoing quality process evolution and improvement. On December 2, 2007 Suntech successfully passed the final product quality control system inspection conducted by a team of specialists from the AQSIQ and fulfilled all the requirements for the inspection exemption. AQSIQ will continue to regularly inspect Suntech’s quality procedures to ensure that this high quality standard is maintained. In addition to the Chinese export inspection exemption, Suntech has already received international product and quality standard accreditation including IEC61215: 1993, ISO 9001:2000, UL, TuV and CE.
"This national recognition reflects Suntech’s steadfast commitment to exemplary quality control and our determination to exceed local and international quality standards," said Dr. Zhengrong Shi, Suntech’s Chairman and CEO. "With well over 90% of our solar cells and modules sold and installed outside of China, in more than 15 countries world-wide, it is imperative that we ensure a consistent and reliable solar product that can generate electricity in a wide range of environments, applications and weather conditions. Product quality is one of the fundamental building blocks of this industry, and as Suntech progresses towards multi-gigawatt production, we will continue to take steps to improve the performance, quality and durability of our solar products and set benchmarks for the industry."
Suntech’s Quality Control (QC) team consists of over 600 personnel. The QC system incorporates a comprehensive set of controls including sample testing of all materials procured, regular equipment maintenance, manufacturing environment control, quality process ownership, quick response hot spot identification and eradication, and product testing at all critical steps of the manufacturing process. In addition, Suntech is currently exploring a number of initiatives to further improve quality control including increased production automation and adoption of advanced product tracking technologies. Suntech offers industry leading product power output guarantees of 25 years.
Suntech has taken a leading role to improve product quality in the solar industry through regular consultation with industry bodies and discussion with peers that operate at all stages in the solar value chain. In December 2007 Suntech held the 2007 Chinese PV Industry International Competitiveness Forum on behalf of the China Renewable Energy Association. The Forum brought together a diverse group of Chinese and international solar professionals to discuss Chinese PV companies’ participation in the international solar industry and collective initiatives to advance manufacturing techniques, improve industry standards and support ongoing solar innovation.
Source: suntech-power.com Dec. 29, 2007
Suntech Power Holdings Co., Ltd. (NYSE: STP) one of the world’s leading manufacturers of photovoltaic (PV) cells and modules, today announced that Suntech has been granted National Export Inspection Exemption by the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) of the People’s Republic of China. The export inspection exemption is China's highest honor awarded to companies that demonstrate exceptional internal product quality management and control. Suntech is the first Chinese solar company to receive this national recognition.
Since Suntech made the initial application for the export inspection exemption in January of 2006, numerous provincial and national quality representatives have conducted extensive reviews of Suntech’s quality procedures which have led to ongoing quality process evolution and improvement. On December 2, 2007 Suntech successfully passed the final product quality control system inspection conducted by a team of specialists from the AQSIQ and fulfilled all the requirements for the inspection exemption. AQSIQ will continue to regularly inspect Suntech’s quality procedures to ensure that this high quality standard is maintained. In addition to the Chinese export inspection exemption, Suntech has already received international product and quality standard accreditation including IEC61215: 1993, ISO 9001:2000, UL, TuV and CE.
"This national recognition reflects Suntech’s steadfast commitment to exemplary quality control and our determination to exceed local and international quality standards," said Dr. Zhengrong Shi, Suntech’s Chairman and CEO. "With well over 90% of our solar cells and modules sold and installed outside of China, in more than 15 countries world-wide, it is imperative that we ensure a consistent and reliable solar product that can generate electricity in a wide range of environments, applications and weather conditions. Product quality is one of the fundamental building blocks of this industry, and as Suntech progresses towards multi-gigawatt production, we will continue to take steps to improve the performance, quality and durability of our solar products and set benchmarks for the industry."
Suntech’s Quality Control (QC) team consists of over 600 personnel. The QC system incorporates a comprehensive set of controls including sample testing of all materials procured, regular equipment maintenance, manufacturing environment control, quality process ownership, quick response hot spot identification and eradication, and product testing at all critical steps of the manufacturing process. In addition, Suntech is currently exploring a number of initiatives to further improve quality control including increased production automation and adoption of advanced product tracking technologies. Suntech offers industry leading product power output guarantees of 25 years.
Suntech has taken a leading role to improve product quality in the solar industry through regular consultation with industry bodies and discussion with peers that operate at all stages in the solar value chain. In December 2007 Suntech held the 2007 Chinese PV Industry International Competitiveness Forum on behalf of the China Renewable Energy Association. The Forum brought together a diverse group of Chinese and international solar professionals to discuss Chinese PV companies’ participation in the international solar industry and collective initiatives to advance manufacturing techniques, improve industry standards and support ongoing solar innovation.
Source: suntech-power.com Dec. 29, 2007
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