China opens machinery, electronic exhibition in Mumbai

2011-06-10 16:29:57

China unveiled its fifth exhibition on machinery, motors, home appliance and consumer electronics in India's business hub Mumbai Thursday in a bid to promote bilateral trade.

Grids asked to absorb power

2011-06-10 16:15:23

State Grid Corp of China is asking smart grids to absorb 60 gigawatts (gW) of wind and 5 gW of solar power by 2015 to boost China's utilization of clean energy nationwide.

Tax policy to be fine-tuned

2011-06-10 16:13:39

China will improve tax policies related to the real estate industry this year, the National Development and Reform Commission said in a statement on its website on Thursday. 

AkzoNobel opens UK lab

2011-06-10 16:06:45

AkzoNobel NV, the Amsterdam-based industrial company, on Tuesday opened a 7 million euro ($12.2 million) fire protection laboratory in Felling, UK. 

China's fiscal revenue rises 34% in May

2011-06-10 16:04:09

Chinese Ministry of Finance said on Friday that the country's fiscal revenue rose 34 percent year-on-year to 1.061 trillion yuan ($163.6 billion) in May.

China's imports quicken, exports slow in May

2011-06-10 16:01:28

China's imports grew faster than expected in May, indicating the world's second largest economy's appetite for commodities remains strong.

Huaneng Renewables shares tumble in HK debut after IPO

2011-06-10 15:58:55

Huaneng Renewables Corp, the wind-power unit of China's biggest electricity producer, fell 11.2 percent on its first day of trading in Hong Kong after a $800 million IPO.

Ripe time for automated trading in China's capital markets

2011-06-10 15:54:08

Algorithmic trading, the using of computer programs to decide when and how to trade certain assets such as stocks and derivatives, will bring new opportunities to Chinese investors, and China's financial markets will accordingly become more efficient.

Medical care system covers most rural residents

2011-06-10 15:26:52

China's new rural cooperative medical care system now covers 832 million people, with rural residents getting larger reimbursements for their medical bills, a government official said Friday.

Xunlei readies IPO in US

2011-06-10 15:19:40

Xunlei Ltd, the Chinese provider of software that speeds Internet media streaming and downloads, is seeking $200 million in a US initial public offering. 

Groupon: Gaopeng margins 'greater' than 10%

2011-06-10 15:17:29

Groupon Inc, owner of the biggest coupon website, said its China venture is achieving margins "much greater" than 10 percent even with competition from thousands of clones in the world's largest Internet market, Bloomberg reported Friday.

Water supply resumes after river contamination

2011-06-10 15:07:46

Water supply resumed Thursday at 11 a.m. in Yuhang District of Hangzhou, capital of Zhejiang Province, four days after contamination in the Tiaoxi River caused a water-buying panic.