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Chinese shares close 0.72% down2008-11-22 8:32:53
Chinese shares dropped by 0.72 percent to close at 1,969 points on Friday amid rebounds on other Asian equities markets.The benchmark Shanghai Composite Index, which covers both A and B shares, fell 0.72 percent to 1,969 points. The Shenzhen Component Index gained 0.22 percent to 6,711 points.The slight drop indicated that investor sentiment was boosted by rises in the regional market and expectat
Economist: G20 summit will have a huge impact2008-11-22 8:31:08
Chen Fengying, director of the Institute of World Economy Studies in the China Institute of Contemporary International Relations, told China.org.cn that the November 15 G20 summit had made a good start on tackling the global financial crisis and its impact on the world economy would be far-reaching.Turing words into deedsChen said the participants had managed to achieve consensus on two important
Tube bender helps BAE systems build sub2008-11-19 9:46:55
A Unison tube bending machine is helping BAE Systems to fabricate complex part shapes required to build the UK's Astute Class nuclear-powered submarines. The all-electric tube bender features both right- and left-handed bending capability.This allows long and complicated tubular part shapes to be produced very rapidly and in a single stage.For BAE Systems this is a critical advantage, as the boat-
BLM offers programmable laser tube cutter2008-11-19 9:44:44
Visitors to BLM Group's recent Intube event at the company's Ampthill Business Park, Bedfordshire, premises came face-to-face with the Adige laser tube cutting system. The BLM Adige LT 722D Lasertube comes with off-line programming software specifically developed for the machining of tubes.The Siemens Sinumerik 840D CNC allows the operator to manage all the main functions, including program downlo
IWM has large-size waterjet cutters2008-11-19 9:43:44
International Waterjet Machines has announced the availability of large-size waterjet cutting machines. The company's most recently sold machine was 12m x 3m, with sizes ranging up to 30m x 10m.The waterjet machine is fully CNC controlled with servo motors.From now to the end of the 2008, IWM is offering discount to all large-size (larger than 4m x 2m) waterjet cutting machines. related catagory P
HSBC launches yuan debit cards in mainland2008-11-19 9:38:00
HSBC Bank (China) Co yesterday launched its debit cards in 17 Chinese mainland cities.HSBC China card holders will also be able to use their cards at China UnionPay Co's domestic and overseas networks in about 50 markets after a deal signed yesterday.And HSBC-branded ATMs in 40 markets will also accept the new debit cards launched in China.The combined HSBC-UnionPay network offers the most extensi
Tough times ahead for local firms2008-11-19 9:36:31
Chinese companies face difficulties over the next two years because of the global economic slowdown and rising prices, business leaders said on November 15.The real estate industry is one of the worst hit sectors. One-third of property developers have investments in the stock market which has seen a decline by more than 70 percent since its peak in October last year.The prediction is based on a su

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