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Biz Statistics

Taiwan Jan exports to mainland at $9.54b

Taiwan's January exports to the Chinese mainland reached $9.54 billion, the highest figure in 17 months, according to local authorities.

Beijing aims at $6b FDI in 2010

Beijing would strive to secure $6 billion of actually utilized foreign investment this year, an official said Monday.

InfoGraphic
Luxury carmakers trade up to China market

China has become the target market for the world's luxury auto manufacturers as demand for upscale vehicles surged last year despite a global slump.

Disney, Google eye stake in China bus media firm

A consortium led by Walt Disney Co is in advanced talks to buy into China's largest in-bus digital media and advertising company, a deal that could offer the US entertainment giant a new platform to promote Mickey Mouse in China, three sources told Reuters.

Environment

China issues 1st national pollution census

China on Tuesday issued its first national census of pollution sources, with datas showing that the country's wastewater discharge totalled more than 209 billion tons while waste gas emissions topped 63.7 trillion cu m in 2007.

Energy

1st inland nuclear power study ends

State Nuclear Power Technology Corp (SNPTC), which is responsible for the development of third-generation nuclear power technology in China, said yesterday it had completed the initial design for the country's first three inland nuclear power stations.

Banking

ICBC to curb property loans

The Industrial and Commercial Bank of China (ICBC) said yesterday it would apply stricter approval rules to property lending this year as part of an effort to balance its loan structure and stem rising credit risks.

Companies Domestic Foreign JV

China First Heavy Industries breaks IPO price

China First Heavy Industries (CFHI), a leading heavy industry manufacturer, opened at 5.48 yuan ($0.8) per share for its debut at the Shanghai Stock Exchange, breaking its initial public offering (IPO) price.

China Eastern Airlines in search for new investors

China Eastern Airlines, the nation's second largest carrier by fleet size, said it has rolled out the red carpet for potential strategic investors after completing a merger with former local rival Shanghai Airlines.

Energy

CNOOC shares fall on news of purchase

CNOOC Ltd shares fell to their lowest in almost a week in Hong Kong trading after a newspaper said China's biggest offshore oil producer may spend as much as $2.5 billion on a stake in Tullow Oil Plc's Ugandan assets.

Power company denies coal deal with Australian firm

China Power International Development Ltd. (CPI), a unit of major power producer China Power Investment Corp., Monday denied media reports that it had signed a 60-billion US dollar coal-supply deal with Australia's mining firm Resourcehouse.

Technology

Closer checks for online shopping scams in Beijing

Beijing will invoke harsher monitoring of online trade to counter an eruption of Internet fraud cases.

China to crack down on online gambling

China will conduct a nationwide crackdown on online gambling from February to August, an industry the country's security ministry has described as "thriving."

Money Markets Banking Personal Finance

ICBC to adjust lending to promote eco-friendly economic growth

China's largest bank, Industrial and Commercial Bank of China (ICBC), said Monday it would tailor its lending to promote more environmentally friendly economic growth.

Benchmark dips amid tightening concerns

China's benchmark stock index fell as developers dropped on concern tighter lending standards will curb demand for property, countering gains by consumer-related companies ahead of the weeklong Lunar New Year holiday.

Cars

Luxury carmakers trade up to China market

China has become the target market for the world's luxury auto manufacturers as demand for upscale vehicles surged last year despite a global slump.

Dongfeng offering own-brand sedans

Dongfeng Motor Corp, China's third-largest automaker, almost doubled its profit last year as China became the largest vehicle market in the world and domestic sales boomed.

Opinion Columnists BizViews

The climb in labor costs

Chinese enterprises should become acclimated to rising labor costs as soon as possible because the country is striving to embrace a consumer-led growth.

Biz Unusual

Star fees sparkle for office parties

Most entertainment stars will raise their appearance fees by as much as 50 percent for private parties during the Spring Festival holiday, insiders revealed.

Some are buying extra train tickets and reselling them to earn money

Foreign top shops flock to Beijing

Gold falls in bad year for marriage

91% think new rich use govt connections

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Major Markets
Name Value Change Time
Shanghai 2,948.84 +0.47% Tue
Shenzhen 11,970.44 +0.19% Tue
HSI 19,790.28 +1.22% Tue
NIKKEI 9,932.90 -0.19% Tue
Dow 9,908.39 -1.04% Mon
Nasdaq 2,126.05 -0.70% Mon