Group-buying companies find trust is not for sale
2011-05-16 13:06:46
Beijing-based Gaopeng.com, a group-buying portal set up on March 1, was going strong until a "lucky draw" saw it become mired in allegations of fraud that damaged the company's reputation and tarnished the booming industry.
Economist says China trade surplus will dip in 2011
2011-05-16 13:03:48
China's trade surplus might go down to about $100 billion this year, and the country should keep reducing the percentage of GDP made up by trade, China Securities Journal cited Li Daokui, an adviser to the Chinese central bank's monetary policy committee, as saying.
PICC P&C eyes global top 5
2011-05-16 11:06:12
China's largest general, non-life insurer, PICC Property and Casualty Limited (PICC P&C), is striving to become one of the top five global insurers by premium volume in the next five to ten years, according to a top official of the company.
Resort manager to double business
2011-05-16 10:49:31
Banyan Tree Holdings Ltd, a Singapore-based manager and developer of luxury resorts, hotels and spas, is seeking to double its hospitality business by 2015, with a majority of new openings to be built in China, a senior manager said.
China's land ministry urges regulating demolitions
2011-05-16 10:41:24
The Ministry of Land and Resources (MLR) has issued a notice asking local departments to monitor forced demolitions and evictions in a bid to protect the people's interests.
E-car buyers to 'skip license-plate draw'
2011-05-16 10:26:34
Beijingers who buy electric cars, or e-cars, could avoid having to take part in the license plate lottery, a spokesman for a Chinese automaker said on Sunday.
Japan's tourism recovery pins hope on China
2011-05-16 10:21:49
Japan, keen to rebuild its tourism industry, is expecting the number of Chinese visitors to level off within six months after steep decreases since March, a senior official from Japan's tourism authorities said.
BMW doubles investment in China
2011-05-16 09:45:02
BMW Group recently announced it will almost double the investment in its new Shenyang factory to around 1 billion euros ($1.42 billion) to enable higher production and increased local content.
EU's anti-dumping tariffs 'unfair'
2011-05-16 09:41:36
The European Union's (EU) move to levy tariffs against Chinese-made coated fine paper is against the principles of the World Trade Organization (WTO) and Beijing should take the EU to task to safeguard the interest of Chinese enterprises, experts said on Sunday.
Business magazines eye China growth
2011-05-16 09:52:05
"Overall, there is a strong demand for foreign as well as local business magazines in China, and I don't see this changing," said Thomas Gorman, the chairman and editor-in-chief of Fortune China magazine.
Magazines seek new revenues
Publications consider their digital options
Shenhua reaps huge profits from CTL project
2011-05-16 09:23:42
Shenhua Group, China's largest coal producer, has made huge profits from its pilot coal-to-liquid (CTL) project in north China in the first three months of this year, a company executive said Saturday.
Ministry says milk now melamine-free
2011-05-16 09:10:25
The quality of the nation's fresh milk has improved and testing shows it is now free from melamine, according to the Ministry of Agriculture.