Local govts run up huge debts
2011-06-28 13:24:32
Local governments had an overall debt of 10.7 trillion yuan ($1.65 trillion) by the end of 2010, said China's top auditor on Monday in a report to the National People's Congress.
Nissan to expand capacity in China
2011-06-28 13:19:10
Nissan Motor Co plans to boost production capacity in China by as much as 600,000 vehicles over the next six years as Japan's second-largest automaker expands in the world's biggest auto market.
Tale of an "apple village head"
2011-06-28 11:11:37
"Wanna be rich? Grow apples; Wanna be super rich? Raise pigs. Wanna be super, super rich? Grow apples and raise pigs." The slogan is worded by Ye Weiqiang, a college graduated "village head," to sell his get-rich "bible" to farmers.
Chengdu bank plans Shanghai IPO
2011-06-28 11:05:23
Bank of Chengdu Co Ltd, a Sichuan-based city commercial bank, is planning an IPO on the Shanghai Stock Exchange's A-share market, as it moves to replenish its capital to boost future growth.
China to review anti-dumping measures on ECH
2011-06-28 11:03:38
The Ministry of Commerce (MOC) announced on Monday it will reexamine lifting anti-dumping measures on epichlorohydrin (ECH) imported from four countries.
Chinese profit growth slows
2011-06-28 10:46:37
The profit growth of Chinese industrial companies has slowed after the government tightened credit to curb inflation and prevent asset bubbles.
China to be the summit for Montblanc
2011-06-28 10:45:52
For Montblanc International GmbH, China will become the destination for the German luxury goods manufacturer with the largest investment and an intense focus, said the company's chief executive officer.
Volumes set to rise at Shanghai Port
2011-06-28 10:41:34
Shanghai port, the world's busiest for containers, expects business volumes to rise about 10 percent annually for the next five years. That will come as manufacturers open plants in western and inland China in search of lower-cost labor.
China to amend individual income tax law
2011-06-28 10:27:12
The top legislature on Monday started its second reading of an amendment to the country's individual income tax law.
As business slows, Tencent is game on diversification
2011-06-28 10:20:33
Tencent Holdings Ltd, the world's third-largest Internet firm, aims to be China's Facebook, Twitter and Google, all rolled into one.
Stocks rise for fifth day in row
2011-06-28 10:20:51
Stocks on the Chinese mainland rose for a fifth day on Monday, the longest winning streak since February.
UnionPay expands in Taiwan for tourism program
2011-06-28 10:18:01
China UnionPay (CUP), a bank card services provider, said Monday it has reached an agreement with Taiwan-based Financial Information Service (FISC) to further expand the acceptance of CUP bank cards in Taiwan.