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Business / Industries

Chinese insurance firms fined $18m for price-fixing

[2014-09-02 17:31]

Chinese antitrust authority announced a fine of $17.8 million to an insurance association and 23 insurers in Zhejiang province due to price monopoly.

Airlines removes first-class seats amid frugality push

[2014-09-01 18:26]

Chinese budget airliner China United Airlines (CUA) will remove all first-class seats by the end of the month, the company announced Monday.

House prices fall at slower pace in August, survey finds

[2014-09-02 07:20]

The average price of houses in China fell in August for the fourth consecutive month, though at a slower pace, according to a survey by the China Index Academy.

China's Chongqing starts importing vehicles by train

[2014-09-02 09:21]

The first vehicles to be imported to China by rail arrived in the southwest city of Chongqing on Monday as the country's only international rail vehicle port begins operation.

Financial fortunes diverge for emerging, traditional sectors

[2014-09-02 07:20]

The interim results of Chinese listed companies offer a mixed picture, with emerging industries demonstrating rapid growth while traditional sectors stall.

Risks loom for London property buyers

[2014-09-02 07:20]

London property is widely seen as an ideal and profitable investment, but Chinese companies also need to pay attention to the potential risks.

China cuts retail gas prices

[2014-09-01 17:36]

China's top economic planner announced on Monday the cuts in the retail price of gasoline by 105 yuan ($17.02) per ton and that of diesel by 100 yuan.

Faku's output makes it major player in ceramics

[2014-09-01 15:57]

Faku county has emerged as one of the largest ceramics production centers in North China, according to figures released for the first half of 2014.

China's developing agricultural sector draws mergers

[2014-09-01 15:51]

The transformation of China's agriculture has attracted great attention in the merger and acquisition space and capital markets.

China's fast-moving consumer goods market saturating

[2014-09-01 14:07]

China's fast-moving consumer goods market is becoming saturated with a wide variety of good products for consumers, a latest research has found.

China, Russia to start construction of joint gas pipeline

[2014-09-01 07:31]

China and Russia are to start construction of a joint natural gas pipeline in Russia's eastern Siberia, in implementation of a natural gas supply contract signed between the two countries.

Tantrums, concubines, hotpot burns and smog: China insurers have it covered

[2014-09-01 07:25]

China's insurance companies are turning to some unusual ways to drum up business in a slow market with penetration rates of around 3 percent, half the global average.

Chinese businesses realizing value of maintaining reputation

[2014-08-30 16:32]

Chinese businesses are becoming more aware of the value of maintaining good reputations as the government ramps up corporate social responsibility regulation.

China to invest in building cement plant in Kyrgyzstan

[2014-08-30 15:37]

A ceremony was held Friday to mark the ground-breaking event for a new cement plant with Chinese investment in northern Kyrgyzstan.

Moody's: China's property price growth to slow

[2014-08-30 15:12]

China's property price growth will slow further, despite an expected improvement in property sales in the rest of 2014, a Moody's report said.

Asian Reinsurers' Summit held in Beijing

[2014-08-29 18:04]

The 14th Asian Reinsurers' Summit (ARS), hosted by China Reinsurance (Group) Corporation, was held in Beijing on Friday.

Direct flight links Harbin with Moscow

[2014-08-29 15:45]

A direct air route between Harbin, capital of Northeast China's Heilongjiang province, and Moscow, capital of Russia, was launched on Thursday.

Shanghai court to arbitrate intl aviation disputes

[2014-08-29 13:14]

Shanghai will host an international court of arbitration to tackle aviation disputes, according to an agreement signed on Thursday.

New airport offers shortcut to Sichuan's Tibetan attractions

[2014-08-29 11:15]

Southwest China's Sichuan province on Thursday opened its fourth high-altitude airfield, which local officials hope will boost tourism in the heavily Tibetan-populated region.

China streamlines vehicle safety inspections

[2014-08-29 10:44]

New private cars in China will be exempt from on-spot safety inspections within the first six years of purchase, according to the Ministry of Public Security (MPS) on Thursday.

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