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New power: Workers in Mudanjiang, Northeast China's Heilongjiang Province, set up electricity transmission facilities. As the second power transmission line connecting the province with neighbouring Jilin Province, the facilities will help ease power shortages of the region upon completion.

Computer giant sheds 1,000 jobs
Chinese computer giant Lenovo Group started a large-scale restructuring plan on Friday, including cutting its workforce in the Americas, Asia Pacific and Europe by 1,000.

Net service provider meets growth targets
Top Chinese wireless Internet service provider Tom Online reported a 55 per cent increase in net profits in the fourth quarter of 2005 over the same period of 2004.

Scepticism about insurance rejected
China's insurance regulator has rejected scepticism about health insurance sold in the country, calling for a proper understanding of insurance products.

Workforce boost for Bosch
Leading German company Bosch Group announced on Friday its ambitious recruitment plan to hire 4,000 more workers in China in the coming two years.

Firms seek to improve reputations
Twenty-five businesses operating in China, including 20 from the country and five multinationals, have signed up to take part in an international reputation rating system for the first time.

EXCHANGE RATES (03/18/2006)


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