Gold price closes lower in Hong Kong -- May 12

2011-05-12 17:38:30

The gold price in Hong Kong moved down HK$ 308 to close at HK$13,848 per tael on Thursday, according to the Chinese Gold and Silver Exchange Society.

China stock index futures close down -- May 12

2011-05-12 17:17:53

China's stock index futures closed lower Thursday with the contract for May, the most actively traded, down 1.72 percent from the previous close to 3,090.2.

Group buying website admits cheating

2011-05-12 17:17:18

Group-buying website Gaopeng.com has acknowledged cheating on an iPhone 4 drawing through the Sina micro blog and Tencent micro blog on May 10, Beijing Business Today reported on Thursday.

China's cultural industry to develop speedily

2011-05-12 17:10:31

China, with a history and ancient wisdom that stretches back across millennia, is a nation that abounds in cultural resources. Yet, when it comes to the commercialization of these resources, the Asian Giant is only at its infant stage.

Economic reform creates opportunities for foreign firms

2011-05-12 16:55:13

The next five years will be a critical period for China to deepen the economic reform and to accelerate the transformation of its economic development pattern, according to the country's 12th Five-Year Plan.

Egypt travel routes reopen in Shanghai

2011-05-12 16:54:20

Travel agencies in Shanghai are starting to offer tour packages to Egypt again, after regional unrest caused disruptions to the country's tourism sector.

China makes progress to improve SOE management

2011-05-12 16:52:34

Since 2005, China has been running a trial program to improve the executive management of centrally-controlled SOEs. To date, 35 enterprises have taken part.

Stride in phasing out backward capacity to continue

2011-05-12 16:51:02

China's Ministry of Industry and Information Technology (MIIT) released targets to eliminate outdated production capacity in 18 industries in 2011, Shanghai Securities News reports.

EU warned about carbon cap

2011-05-12 16:49:03

The China Air Transport Association says the EU should cancel or suspend a carbon cap system on airlines. Otherwise, it will strongly suggest for the Chinese government to carry out stricter limits on EU airlines when they depart or land at Chinese airports.

NDRC makes new move to curb rising prices

2011-05-12 16:48:07

China's top economic planning agency is urging local governments to speak with industry associations to ensure the price of daily goods is stable, Shanghai Securities New reported on Wednesday.

Beijing-Shanghai high-speed rail test runs

2011-05-12 16:46:29

The Beijing-Shanghai high-speed rail line began a one-month trial operation on Wednesday, according to the Ministry of Railways.

China, US to expand co-op on energy

2011-05-12 16:45:15

China and the US will expand pragmatic energy cooperation on smart grids, wind power and bio-fuel development, the director of China's National Energy Administration said Tuesday.