Business
Posted on May 24, 2012 00:50
The World Bank yesterday cut its GDP growth forecast for the country in 2012 to 8.2 percent, and urged the government to adjust monetary policies, including easing liquidity, to propel growth.
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Posted on May 22, 2012 01:05
China is to build an international cooperation demonstration zone in Hunchun, Jilin Province, with the aim of boosting exchanges, cooperation and stability in Northeast Asia, officials said in Beijing Monday.
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Posted on May 16, 2012 08:39
Premier Wen Jiabao on Tuesday pledged to establish a fair, open and transparent legal and policy environment to protect the legitimate rights of all companies in China.
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Posted on May 15, 2012 01:45
As many as 90 percent of Chinese families own their own home, far above the global average of 60 percent, according to a report released by the People's Bank of China and Chengdu-based Southwestern University of Finance and Economics over the weekend.
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Posted on May 14, 2012 01:30
Most global investors and analysts are still optimistic about China’s economic environment despite high-profile political cases that have made international headlines, a Bloomberg poll has found.
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Posted on May 12, 2012 00:40
Chinese consumer prices increased by 3.4 percent year-on-year in April, slightly down from March, while other macro-economic indicators released Friday were weaker than market expectations, fueling speculation of more policy easing to prop up the economy.
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Posted on May 11, 2012 16:24
China Investment Corp., the nation's sovereign wealth fund, is willing to increase investment in Africa, especially in infrastructure, as the fund is seeking long-term returns in the rising economy, the company head has said.
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Posted on May 11, 2012 01:00
A bid by China's largest telecom operator to enter the US market could be put on hold after US security officials reportedly expressed concerns over possible cyber espionage, a claim refuted by observers as "groundless" and "unreasonable."
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Posted on May 09, 2012 16:38
An award-winning New Zealand jewelry design firm is hoping a deal with a major Chinese jewelry trader could open the door to the global market.
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Posted on May 09, 2012 14:47
China's leading solar energy company, Yingli Green Energy Holding Co. Ltd. said on Wednesday that it has established a regional headquarters in Japan.
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Posted on May 09, 2012 01:00
An ongoing dispute between the State Grid Corporation of China (SGCC) and Shaanxi Regional Electric Power Group (SREPG) over securing the rights to supply electricity in the northwestern province culminated in violence on April 25, when hundreds of workers from both sides clashed. It marked the second physical confrontation between the two sides over the past four years, though tensions have run deep between the rivals for many years.
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Posted on May 08, 2012 01:15
Public hearings on plans to raise residential electricity prices will be held in major cities across China this week, with widespread resistance anticipated for the scheme, which will charge more for heavier usage in a bid to encourage power saving.
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Posted on May 03, 2012 01:15
China’s purchasing managers’ index (PMI) improved to 49.3 in April from 48.3 in March, an HSBC report showed yesterday. Analysts said although the number signals a positive trend in the Chinese economy, the recovery is still fragile.
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Posted on May 02, 2012 13:25
China and the Republic of Korea (ROK) announced Wednesday to formally start negotiation for setting up a Free Trade Area (FTA), according to a press conference attended by China's Minister of Commerce Chen Deming and ROK Trade Minister Bark Tae Ho.
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Posted on April 26, 2012 00:40
Chinese Vice President Xi Jinping Wednesday met with Robert Iger, chairman and chief executive officer of the Walt Disney Company, calling for enhanced Sino-US trade ties and cultural exchange.
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Posted on April 25, 2012 09:48
Chinese Premier Wen Jiabao on Tuesday visited China-owned but Gothenburg-based Volvo Cars Corporation, where he hailed the combination of Geely and Volvo as an "example of success" for cooperation between the two nations' enterprises.
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Posted on April 24, 2012 23:25
Chinese officials Tuesday said Shenzhen Proview is still the legitimate owner of the iPad trademark, while urging Apple to respond positively to copyright infringement accusations made by Chinese writers.
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Posted on April 24, 2012 01:00
China’s scientists will continue to make breakthroughs in the area of transgenetic research, according to Vice-Minister of Science and Technology Zhang Laiwu.
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Posted on April 23, 2012 14:48
Leading Asian wealth managers expected China's economy will manage to avoid a hard landing and expand moderately in 2012, according to a Barclays survey released Monday.
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Posted on April 21, 2012 00:35
Combined net profits of China's largest non-financial State-owned enterprises dropped 13.6 percent year-on-year to 181.4 billion yuan ($28.78 billion) in the first quarter, the State-owned Assets Supervision and Administration Commission (SASAC) said Friday, signaling further cooling of the country's economy.
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