»The Purchasing Managers Index (PMI) of China’s manufacturing factor rose to 51.7 percent in August, from 51.2 percent in July, the China Federation of Logistic and Purchasing said Wednesday.

»This has been the first rebound since the gauge of manufacturing activity declined for three consecutive months. It was also the 19th straight month that the index was above the threshold of 50 percent that demarcated expansion from contraction.

Far EasTone Telecommunications Co.,plans to buy a 55 percent stake in a Beijing-based information technology firm for 7 million U.S. dollars, marking the first investment in Chinese mainland.

Far EasTone Telecommunications Co., (4904.TW), the third-largest mobile phone
operator in Taiwan, said Tuesday it plans to buy a 55 percent stake in a
Beijing-based information technology firm for 7 million U.S. dollars, marking
the first investment in Chinese mainland.

The U.S. Federal Deposit Insurance Corp. said 829 of the county’s 7,800 banks were at risk of failure at the end of June, up from 775 at the end of the first three months of this year.

829 U.S banks are listed as at risk of failure by U.S Federal Deposit Insurance Corp. ending June, accounting for more than one-tenth of the total 7,800 banks.

The FDIC said the figure by the end of March this year was 775.

»The transaction volume of China’s e-commerce climbed for two consecutive years in 2008 and 2009, helping the country sustain its foreign trade amid the global recession, the Ministry of Commerce said Monday.

»Internet sales in 2008 grew by 44.8 percent from a year earlier to 3.14 trillion yuan ($461 billion), and in 2009 it rose to 3.83 trillion yuan, marking an increase of 21.7 percent, according to a report entitled China’s E-Commerce Report 2008-2009 released by the Ministry of Commerce.

Agricultural Bank of China said its pre-tax profit generated by rural businesses rose 81.9 percent from a year earlier, driven by the expansion of business scales and incremental loan-to-deposit ratio.

Agricultural Bank of China, the country’s third largest lender by assets, said Monday its pre-tax profit generated by rural businesses rose 81.9 percent from a year earlier, driven by the expansion of business scales and incremental loan-to-deposit ratio.

Foxconn International Holdings Ltd. said its first-half loss widened to 143 million U.S. dollars in the first six months.

Foxconn International Holdings Ltd., the world’s biggest contract maker of mobile-phones, said Tuesday its first-half loss widened amid the difficult global handset environment in 2010.

The net loss was 143 million U.S. dollars, compared with the 18.7 million U.S. dollars a year earlier, Foxconn said in a statement filed to the Hong Kong Stock Exchange.

»Bank of Beijing recorded a 33.47 percent year-on-year increase in the first half net profit to 3.9 billion yuan, it said Sunday.

»Operating income was 7.376 billion yuan in the first six months, up 31.92 percent from a year ago. Earnings per share reached 0.63 yuan in the first half.

»The bank’s non-performing loan ratio reached 0.76 percent as of the end of June, down 0.26 percentage points from the beginning of the year.

»Shanghai Pudong Development Bank (SPDB) said its half year net profit rose 33.92 percent from one year earlier due to lending boom and increased commission fees.

»Net profit for the January ~ June period hit 9.08 billion yuan ($1.34 billion) and operational revenue climbed 36.42 percent to 22.75 billion yuan during the same period.

»Earnings per share were 0.791 yuan, up 20.21 percent year-on-year.

Huang Guangyu's conviction and 14-year jail prison term was upheld Monday and his wife Du Juan was freed on parole.

A Chinese court on Monday upheld a retailing tycoon’s conviction and 14-year prison term and freed on parole his wife Du Juan, also former head of Gome as the Huang’s family struggles to retain control of the appliance giant.

The air crash of August 24th , 2010 put an end to the proud 2,102-day flight
safety record of the CAAC (Civil Aviation Administration of China). The general
manager of Henan Airlines Co. Ltd, owner of the flight VD8387, has been relieved
of his post. It is suspected that the causes of this crash may include
deficiencies in the ground navigation equipment and the instrument landing
system; the failure of the altimeter; the poor physical state of the pilots; and
the wind conditions during landing.