China calls for luxury price cuts

2011-05-11 14:25:45

The significant price gap among luxury goods, between domestic and overseas retailers, has attracted criticism from the Chinese government. Ministry of Commerce spokesman, Yao Jian, says the difference is unreasonable, and unfair to consumers.

Biggest energy players to continue cooperation

2011-05-11 14:21:43

As concerns over energy security grow across the globe, the world's two largest producers and consumers of power will continue to cooperate on climate change initiatives and clean energy development.

Hong Kong stocks up 0.3% by midday -- May 11

2011-05-11 14:18:01

Hong Kong stocks moved up 69.21 points, or 0.3 percent, to close Wednesday's morning session at 23, 405.21 points.

Chinese shares close 0.13% higher at midday - May 11

2011-05-11 14:16:58

Chinese shares closed higher in the morning session on Wednesday with the benchmark Shanghai Composite Index up 3.69 points, or 0.13 percent, to 2,894.33.

Eurasia freight rail cuts travel time for trading goods

2011-05-11 14:14:34

A new freight rail has started operating across Eurasia, linking the southwest Chinese economic hub of Chongqing with the Port of Antwerp in Belgium and cutting the travel time for goods traded between China and Europe in half, officials said Tuesday.

Chinese telecom firms fight for rights

2011-05-11 14:09:51

Chinese telecom companies that have expanded into overseas markets are taking an increasingly tough line in defending their intellectual property rights (IPR) and fighting off the IPR claims of overseas rivals.

China's property sales rose 13.3% in first four months

2011-05-11 13:10:39

The value of property sales in China during the first four months rose 13.3 percent year-on-year to reach 1.4078 trillion yuan ($217 billion), according to the nation's top statistics authority on Wednesday.

Pertamina edges out Sinopec for stake in Angolan oil

2011-05-11 13:25:05

PT Pertamina, the Indonesian state energy company, bid about $3.5 billion for Exxon Mobil Corp's 25 percent stake in an Angolan oil block, surpassing an offer from a Chinese rival, the Wall Street Journal reported, citing a person familiar with the matter.

Tai'an and HK sign agreements

2011-05-11 13:22:49

Agreements of a total of 25 projects worth $2.38 billion were signed between the Tai'an local government in East China's Shandong province and Hong Kong investors on Monday.

Stocks rise on strong export growth

2011-05-11 13:21:40

Stocks on the Chinese mainland rose, driving the benchmark index's biggest gain in a week, as a jump in exports to a record bolstered confidence the world's second-biggest economy can avoid a slump in growth.

China's nuclear development might be slowed

2011-05-11 13:19:02

China's nuclear power industry might be slowed down since the security standard for new projects will be upgraded, according to Chen Da, an academician of Chinese Academy of Sciences who participated in the recent official nuclear inspections after the Japanese earthquake.

Hang Seng eyes banking services for business growth

2011-05-11 13:16:24

Hang Seng Bank Ltd expects that wealth management and yuan-denominated trade settlement services in will continue to drive its business in China, after reporting strong earnings for 2010.