China solicits opinions on food recall regulation

2011-05-24 13:12:27

China's top quality watchdog Monday began soliciting public opinions regarding its latest revised regulation concerning food recalls, as persistent food safety scandals in recent years have resulted in widely-heard public grievances.

Dagong downgrades UK credit

2011-05-24 13:10:38

China's first domestic rating agency, Dagong Global Credit Rating Co Ltd, on Tuesday downgraded the local and foreign currency long-term sovereign credit rating of the United Kingdom by one level to A+ from previous AA- with "negative" outlook.

More foreigners work in China in 2010

2011-05-24 13:06:36

Data released Monday by China's labor department, the Ministry of Human Resources and Social Security, showed 231,700 foreigners worked in China by the end of last year, compared with 223,000 in 2009.

Timing crucial for crude futures contract

2011-05-24 13:05:17

The Shanghai Futures Exchange (SHFE) still hopes to launch a crude oil futures contract as part of new product offerings, but the timing depends on whether China revises its oil import laws, the general manager of the exchange said on Saturday.

US increases probes into Chinese products

2011-05-24 13:04:09

Wang Guiqing said the US launched more Section 337 investigations against China in the past five years than it had in the last 20 years.

Tightening, EU hit markets

2011-05-24 13:01:46

China's benchmark stock index fell the most in four months on Monday, erasing this year's gain.

Yuan weakens to 6.5038 per USD Tuesday

2011-05-24 11:22:49

The Chinese currency renminbi, or the yuan, weakened 40 basis points to 6.5038 per US dollar on Tuesday, extending the weakness to the second straight trading days, according to the China Foreign Exchange Trading system.

State Grid gives priority to daily electricity use

2011-05-24 11:21:00

State Grid Corp of China promised to give priority to daily electricity use, especially at hospitals and schools, during this summer's peak energy use season, the Economic Information Daily reported Tuesday.

Hong Kong stocks open 0.08% lower - May 24

2011-05-24 11:18:31

Hong Kong stocks went down 17.92 points, or 0.08 percent, to open at 22,693.10 on Tuesday.

China stock index futures open lower Tuesday

2011-05-24 11:17:32

China's stock index futures opened lower Tuesday, with the contract for settlement in June, the most actively traded, opening 9.4 points lower at 3,020.2 from the previous close.

CDB buys TPG stake

2011-05-24 11:12:35

China Development Bank (CDB) Corp's investment unit has agreed to purchase a stake in the US buyout company TPG Capital, said a person with knowledge of the matter.

Gold price opens higher in Hong Kong - May 24

2011-05-24 11:08:14

Gold price in Hong Kong went up HK$57 to open at HK$14,075 per tael on Tuesday, according to the Chinese Gold and Silver Exchange Society.