Market exchange rates in China -- May 18
2011-05-18 10:34:38
The following are the central parity rates of the renminbi (RMB) against seven major currencies announced Wednesday by the China Foreign Exchange Trading System.
Chinese shares open lower Wednesday
2011-05-18 10:31:40
Chinese shares opened slightly lower on Wednesday, with the benchmark Shanghai Composite Index down 0.21 percent at 2,846.72.
Booming car rentals lack regulations
2011-05-18 10:29:16
Demand for car rental services rose strongly during China's three-day Labor Day holiday, indicating great potential for leasing in the world's second-largest economy. However, experts are calling for an improved legal framework to better govern the booming sector.
Sinopec, SABIC invest in polycarbonate plant
2011-05-18 10:25:30
China Petroleum and Chemical Corporation (Sinopec) announced on Tuesday that the company will establish a new polycarbonate production plant with an annual capacity of 260,000 tons with Saudi Basic Industries Corporation (SABIC).
EU carbon rule may hurt China's aviation sector
2011-05-18 10:26:36
The European Union has set Jan 1 as the starting date for all flights, incoming and departing from the continent, to meet emission limits or pay penalties for breaking them.
Gold price opens lower in Hong Kong -- May 18
2011-05-18 10:14:39
The gold price in Hong Kong went down HK$68 to open at HK$13,805 per tael on Wednesday, according to the Chinese Gold and Silver Exchange Society.
Hong Kong stocks open 0.29% higher
2011-05-18 10:13:43
Hong Kong stocks went up 67.54 points, or 0.29 percent, to open at 22,968.62 on Wednesday.
Tencent is bitten by online travel bug
2011-05-18 10:12:36
The Internet conglomerate Tencent Holdings Ltd has bought a 16 percent stake in an online travel company in China with the goal of expanding its portfolio and fueling growth.
EU now China's top import source
2011-05-18 10:02:17
The European Union (EU) has replaced Japan as China's No 1 import source region based on trade figures in the first four months, China's Ministry of Commerce (MOC) announced on Tuesday.
Govt urged to strengthen food safety
2011-05-18 09:56:50
Most people in China expect governments at all levels to take more responsibility for ensuring their food is safe, according to a recent poll.
China's farm produce prices up
2011-05-18 09:45:24
Prices for Chinese farm produce went up slightly, while prices for production materials declined, the Ministry of Commerce (MOC) said on Tuesday.
Egyptian uncertainty hits commerce
2011-05-18 09:43:49
China's investment in, and exports to, Egypt will probably decline sharply this year.That's after the recent turmoil in the African country dampened investor confidence and added the specter of trade protectionism.