Iron ore imports surge in first quarter
2010-04-13 14:14:08
According to the latest statistics from the General Administration of Customs, the first quarter of 2010 witnessed an unprecedented prosperous spot market with record high iron ore imports of 155 million tons, up 18 percent from the same period of last year,, the Shanghai Securities News reported Tuesday.
Big Four extend $40b new loans in March
2010-04-12 16:31:58
China's four biggest banks contracted new loans of 265.8 billion yuan ($38.93 billion) in March, making their total lending for the first quarter of this year 1.04 trillion yuan, Century Weekly reported Monday.
China to invest 150b yuan in fiber optics
2010-04-12 16:24:50
China will invest over 150 billion yuan ($22 billion) in the next three years to construct the fiber optic broadband network, according to the Ministry of Industry and Information Technology (MIIT), Monday's Beijing Times reported.
CICC: China's economy to grow 10.5% in 2010
2010-04-12 16:18:37
China's economy will grow at a faster speed and the inflation rate will remain at three percent in 2010, the Shanghai Securities reported Monday, citing Ha Jiming, chief economist with China International Capital Corp (CICC).
CBRC clarifies down payment rule
2010-04-12 14:56:33
China's top banking watchdog clarified its chairman's comments on second home purchases late Sunday, saying a 60 percent down payment for second home purchases is a practice carried out by some banks in certain regions, not a rule, the Oriental Morning Post reported.
State banks may get help from NSSF
2010-04-12 13:38:50
On the premise of investment proportion and investment value, the National Social Security Fund (NSSF) is said considering investing in the refinancing of three State-owned banks this year as well as margin trading.
Tobago eyes Chinese investment,tourists
2010-04-12 11:28:39
The Caribbean country Trinidad & Tobago held a promotion fair in Beijing Friday, in a move to attract more investment and tourists from China.
Top 3 airlines likely to see profit in Q1
2010-04-09 17:30:52
China's three largest airlines are likely to make a turnaround in their major business in the first quarter of this year, Beijing Business Today reported Friday, citing a forecast released by China International Capital Corp (CICC).
China to toughen recall reg because of Toyota
2010-04-09 16:50:56
China is upgrading its regulation on recalling defective goods to ensure that consumers receive equal treatment in cases like the Toyota recall, the Shanghai Securities News reported on Friday.
GDB gets shareholders' nod to raise 15b yuan
2010-04-09 15:44:29
Guangdong Development Bank (GDB), which is making preparations for its IPO, on Thursday got shareholders' approval to raise as much as 15 billion yuan ($2.2 billion) by selling additional shares to replenish its core capital, China Business News reported Friday.
Chinese property brokerage eyes new market
2010-04-09 15:17:59
Century 21, China's first US-listed real estate brokerage firm, will open an additional 1,350 outlets in 39 Chinese cities this year it announced Thursday.
Homegrown 500-km/h maglev train delivered
2010-04-09 14:51:06
The first China-developed 500-km/h maglev train was delivered in Chengdu, capital of Sichuan province on Thursday, China News Service reported.