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GM China, the Chinese subsidiary of US carmaker General Motors, said Thursday its auto sales in August in China rose 19.2 percent from a year earlier to 181,625 units.
Manufacturing in China rebounded in August, easing fears of a steep correction to the economy, analysts said. The Purchasing Managers' Index (PMI), a major indicator of economic activity, rose to 51.7 percent in August, up 0.5 percentage points from the July figure, and reversed a three-month fall in the growth rate.
The Purchasing Managers' Index (PMI) of China's manufacturing sector rose to 51.7 percent in August, up 0.5 percentage points from July, the China Federation of Logistics and Purchasing said Wednesday.
The Chinese government is trying to improve statistics on housing price and a draft of the statistics reform will be published before Oct 1.
Ping An Insurance (Group) Co, China's second-largest insurer listed on the Hong Kong and Shanghai stock exchanges, plans to merge its banking unit Ping An Bank with Shenzhen Development Bank Co.
Recent media reports about failed Chinese attempts to invest in the United States might have slowed the overseas expansion of many enthusiastic investors, but, with a good business platform and proper business strategies, investment potential in the United States is still very promising, experts said.
Though the United States has refrained from conducting fresh currency probes and imposing new anti-dumping duties, this does not signal an end to its trade protectionist measures against China, experts said on Wednesday.
US says to drop China currency probe
Mobile phone customers will have to present ID when purchasing a phone number from Wednesday, in the latest campaign by the government to curb the global scourge of spam, pornographic messages and fraud on cellular phones.
Liechtenstein Monday recognized China's full market economy status, as Liechtenstein's Crown Prince Alois von und zu Liechtenstein and Prime Minister Klaus Tchutscher visit China.
The banking regulator said on Tuesday that it is pushing mergers and acquisitions (M&A) among the country's rural credit cooperatives (RCC) in a bid to reduce their high credit risks.
China Pacific Insurance, the country's third-largest life insurer by premium, plans to invest 5 billion yuan in Shanghai Rural Commercial Bank's (SRCB) private placement, Shanghai Securities News reported Wednesday, citing a source familiar with the matter.
Russia will supply about 70 percent of oil at market prices for a proposed joint refinery between Rosneft and China National Petroleum Corp (CNPC), Reuters said Thursday, citing a Russian news agency. The two companies signed an initial deal for the multi-billion-dollar Tianjin refinery more than four years ago, Reuters said.
China plans to spend 250 billion to 300 billion yuan on offshore drilling equipment under its new five-year development plan (2011-2015), the China Securities Journal reported on Thursday, citing Jin Xiaojian, general manager at CNOOC's engineering department.
Apple Inc on Wednesday unveiled a revamped series of iPod media players which go smaller, lighter and cheaper.
An online shopping joint venture between China's Baidu.com and Japan's Rakuten may start operations in the first half of October and is aiming for a tenfold jump in headcount over three years, Reuters reported, citing Koichi Nakamura, the venture's chairman and chief executive officer.
Supply and marketing cooperatives in rural China are one step ahead of foreign and domestic retailers in the race to win China's booming rural consumer market.
China Investment Corporation (CIC) has got the necessary approvals from the US Federal Reserve to acquire a 10 percent voting stake in Morgan Stanley after the sovereign wealth fund said it will not seek operational control of the investment giant.
China's "textile town" Shaoxing county is set to reduce its annual textile printing and dyeing capacity by 710 million meters of textile before Sept 15, in a bid to save energy and cut emissions, sources with the county government said Wednesday.
Demand for financing to China's new energy industry, emission reduction and environmental protection could amount to 8 trillion yuan ($1.2 trillion) in the coming decade, said a senior provincial official on Tuesday.
China's passenger-car sales grew at a faster pace in August as higher incentives by dealers offset government measures to cool the economy.
The Chevrolet Volt, GM's electric plug-in vehicle, "will be locally produced in China" if there is sufficient market demand, said a Shanghai GM executive on Tuesday.
China now sits atop $2.4 trillion in foreign exchange reserves, the largest held by a country (Japan is second with $1 trillion). But this bounty comes with one big headache: where should Chinese officials park all that money?
| Name | Value | Change | Time |
| Shanghai | 2,655.78 | +1.25% | Thur |
| Shenzhen | 11,465.15 | +1.29% | Thur |
| HSI | 20,866.10 | +1.17% | Thur |
| NIKKEI | 9,062.84 | +1.52% | Thur |
| Dow | 10,269.47 | +2.54% | Wed |
| Nasdaq | 2,176.84 | +2.97% | Wed |
Insurers eyeing shipping insurance in Shanghai
