BIZCHINA

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Biz Statistics

China's auto sales, output exceed 12m units in Jan-Nov

China's auto sales and output both exceeded 12 million units in the first 11 months this year, said the China Association of Automobile Manufacturers (CAAM) on Monday.

China spends 6.5b yuan protecting northern grasslands

China has invested more than 6.5 billion yuan ($959 million) to preserve grasslands in northern Inner Mongolia Autonomous region, said the regional government.

InfoGraphic
Foreign-funded hospitals gain more business

Roberta Lipson believes foreign hospitals have played a part in changing healthcare in China.

China vows to promote agriculture development in 2010

The Chinese government will enhance efforts in 2010 to promote agriculture development, strengthen produce supply to the market, and expand rural demand, participants at the Central Economic Work Conference agreed Monday.

Trade Policy

China to push exports recovery, promote trade balance

The Chinese government will push recovery of its exports and promote balanced international trade as one of its major tasks next year, the country's senior policymakers agreed at the annual key economic conference on Monday.

Macroeconomic Policies

China to continue fiscal and monetary policies next year

China would continue to adopt the proactive fiscal policy and moderately easy monetary policy next year and endeavor to improve the economic growth quality, according to the Central Economic Work Conference. 8% GDP growth goal 'achievable' China to promote trade balance

Energy Consumption

China likely to remain net importer of coal in 2009

China's position as a net importer of coal is unlikely to change although domestic supply is expected to increase next year, said an industry expert.

Companies Domestic Foreign JV

Bank's green champions

They are financial wizards who usually spend their days in big city offices communicating with clients, but some are now communicating with nature this year in a remote mountain area in southern China.

Burger King steps up pace with six more outlets in Beijing

Fast food chain Burger King is planning to open six more restaurants in Beijing by June next year, as part of a major expansion in China.

China issues regulation to encourage joint ventures

China announced Wednesday a regulation to standardize and encourage the establishment of joint venture enterprises by overseas investors. 

Energy

Winter weather triggers natural gas shortages

The municipal government of Hangzhou, in East China's Zhejiang province, stopped all natural gas supplies to entertainment businesses one recent weekend to guarantee supplies to the city's 410,000 households.

Deaths from coal mine gas explosions drop in China, but still too many

China still faces "arduous" and "complicated" task of preventing coal mine gas explosions although the national death toll fell by a quarter in the first ten months.

CNOOC earnings 'hit' by lower oil prices

CNOOC's pretax profit fell 46 percent in the first three quarters year-on-year due to lower crude oil prices this year, the Wall Street Journal reported yesterday.

Technology

Court rules against Microsoft in IP case

Microsoft Corp has been ordered by a Chinese court to stop selling versions of its Windows operating systems that include fonts designed by a local company, citing a violation of licensing agreements.

China Unicom to invest 1.8b yuan in Tibet's telecommunications

China Unicom, the nation's leading telecommunications operator, announced Sunday it would invest 1.8 billion yuan ($265 million) in Tibet to upgrade the information infrastructure on the plateau.

Money Markets Banking Personal Finance

Wallenberg enjoys three decades of investment in the country

In the eyes of Jacob Wallenberg, his family's decision to tap into China's market as early as the late 1970s has well positioned the company at a time when other investment firms are suffering in the global financial crisis.

BBVA agrees to boost investment in China CITIC

Banco Bilbao Vizcaya Argentaria SA, Spain's second-biggest bank, agreed to pay about $1.51 billion to boost its investment in China's State-owned CITIC Group to strengthen its foothold in Asia.

Cars

China's auto sales, output exceed 12m units in Jan-Nov

China's auto sales and output both exceeded 12 million units in the first 11 months this year, said the China Association of Automobile Manufacturers (CAAM) on Monday.

BAIC obtains $2.9b credit line from Bank of China

Beijing Automotive Industry Holding Corp (BAIC) has obtained a 20 billion yuan ($2.93 billion) line of credit from the Bank of China, the bank said on Friday.

Opinion Columnists BizViews

China cements position as economic power:Expert

The intensity and velocity with which the world became submerged in a steep economic crisis took all the nations of our globe by surprise. China initially suffered intensely, seeing the closure of tens of thousands of its, mostly labor intensive, industries.

Newsmaker

Air China's Fan Cheng named to run Shenzhen Airlines

Air China Vice-President Fan Cheng was named Party secretary of Shenzhen Airlines on Tuesday, according to two sources with direct knowledge of the matter, adding fuel to speculation that the world's most valuable airline would take over the Shenzhen-based carrier.

Biz Unusual

Cutting off criminal channels

The China Advertising Association publicly condemned 58 illegal infomercials on Sept 25 after an investigation by the State Administration of Industry and Commerce.

Soccer betting targeted

Funds distributed by 'castes'

'Mistress forced me to take bribes'

Fired up about trash crisis

more
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