Tesco, Gome enter strategic cooperation

2011-07-05 09:52:29

Tesco PLC, the world's third-largest grocery chain by sales, on Monday signed a strategic cooperative agreement with Gome Electrical Appliances Holdings Ltd.

China's central govt spends 6b yuan on vehicles in 2010

2011-07-05 09:48:39

Central government departments' spending on vehicle purchases and maintenance totaled 6.17 billion yuan ($954.21 million) in 2010, the Ministry of Finance said Monday.

Baidu, Microsoft co-op on search service

2011-07-05 09:39:16

Google Inc may face a new challenge in China as Microsoft Corp, its main rival in the United States, and Baidu Inc, China's biggest search engine, are joining forces against it in the world's largest Internet market.

China's IPO volume and sums drop

2011-07-05 09:36:51

The funds raised in initial public offerings (IPOs) on China's capital market may reach 400 billion yuan ($61.9 billion) this year, down 16 percent from 2010 because of economic uncertainties both at home and abroad, PricewaterhouseCoopers (PwC) said on Monday.

June CPI may hit 3-year high

2011-07-05 09:28:49

China's inflation is expected to reach a three-year high in June - possibly exceeding 6 percent for the first time since August, 2008 - driven by soaring food prices and living expenses, analysts said.

China to continue prudent monetary policy: PBOC

2011-07-05 09:25:52

The People's Bank of China (PBOC), or the central bank, said Monday it would continue to implement a prudent monetary policy as inflationary pressures still remained high. June CPI may hit 3-year high

Chinese go abroad for bargains

2011-07-05 09:13:23

The Chinese are coming - with cash and credit cards in hand.

BOC plans global expansion

2011-07-05 09:00:25

Bank of China Ltd (BOC), the only Chinese bank to have operated continuously for nearly 100 years, will continue to expand its overseas network, despite becoming much more reliant on the domestic market in recent years.

Privatization no panacea for economic ills

2011-07-04 17:57:21

It has become second nature for many an economist, expert and commentator in China to see privatization as a panacea for all the ills plaguing many a business and service.

China cleans up raw milk industry

2011-07-04 17:30:44

China has acted to clean up its raw milk industry to ensure safety at the source of the industrial chain, but some experts say the nation is implementing a very low standard.

Survey: Perception rises on European models

2011-07-04 17:28:52

More Chinese customers intend to buy cars from European manufacturers as fewer consider Japanese and domestic Chinese models, according to a study recently released by J.D. Power Asia Pacific.

New deal for commercial flights over the Great Wall

2011-07-04 17:26:39

Want to witness the beauty of the Great Wall but don't fancy the sharp inclines and bustling tour groups? Sightseers can rise above the crowds and get a bird's eye view of the Badaling section by taking a spin with Capital Helicopter on a single-engine, six-seat AS350B3 Squirrel helicopter.