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Overseas talents help China shift growth pattern

2012-04-12 23:44:17

A growing number of high-level overseas talents have made remarkable contributions to Pudong's development of new strategic industries and shifting development pattern, according to an official statement issued Thursday.

Software industry inks collective contract

2012-04-12 21:44:15

A recent collective contract will give more than 100,000 workers in the software industry in Dalian a raise, lifting minimum salaries and other work-related benefits.

Pirelli pumping up Chinese presence

2012-04-12 21:34:11

Pirelli & C SpA, the official tire supplier for the Formula One World Championship, plans to make its plant in China into the biggest among its global assets to help it secure a leading position in the country by 2015.

Stocks rally at news of reform

2012-04-12 19:02:21

Chinese shares enjoyed their largest boost in two months, buoyed by news that the booming city of Shenzhen will usher in key financial reform to boost the real economy.

Tight housing policies push firms out

2012-04-12 18:33:49

Thousands of real estate companies in Beijing, Wuhan and Sichuan have closed down due to the nationwide strict control on the housing market, www.ynet.com reported Thursday.

China's economy to grow 8.2%

2012-04-12 13:03:12

China's economy is expected to expand at 8.2 percent in 2012 and 8.6 percent in 2013, the World Bank (WB) said Thursday.

Fitch reaffirms China's foreign currency rating

2012-04-12 07:10:38

Rating agency Fitch reaffirmed China's foreign currency rating at A+ with a stable outlook on Wednesday.

System to promote yuan use globally

2012-04-12 03:44:20

A system to settle cross-border yuan payments and boost the convertibility of the currency will be set up.

M&A deals decrease sharply in Q1

2012-04-11 21:48:14

The number of finished merger and acquisition deals decreased by 50 percent year-on-year in the first quarter of 2012 amid the global economic slowdown, suggests a report.

Budget hotel with high-end culture

2012-04-11 15:13:58

China’s budget hotel operator Home Inns has added some artistic culture to its Yitel brand in the capital by installing art work to attract high-end business travelers.

Non-life insurance market may weaken

2012-04-11 19:28:52

China's non-life insurance market may see its premium income fall this year, due to the slowdown in the economy, said Sun Jianping, CEO of Ping An Property & Casualty Insurance Company.

China expects WB chief to promote reform

2012-04-11 19:20:02

China expects the next president of the World Bank to promote governance structure reform, Chinese Foreign Ministry spokesman Liu Weimin said Wednesday.