Li: Yuan set for depreciation
2011-11-19 13:32:23
Although the yuan is currently facing appreciation pressure, it's possible that the currency will face depreciation pressure within two years, when China's trade surplus falls to zero, Li Daokui, a member of the central bank's monetary policy committee, said.
Real estate funds rush to enter China
2011-11-19 13:22:03
International real estate funds, lured by the growing opportunities provided by a correction in the Chinese real estate market and an industry reshuffle, have quickened their pace in entering the market.
Shanghai regulates treatment of waste oil
2011-11-19 13:24:36
The next week will see specific plans and measures drawn up to put into effect a regulation to prevent the illegal use and collection of restaurants' waste oil, says the Shanghai food safety office.
AkzoNobel to invest extra $61m in Chinese factory
2011-11-19 13:04:10
The world's largest paint maker AkzoNobel on Friday announced an investment of 45 million euros ($61million) in a new factory in Ningbo, China.
'Probe politicizes trade issues'
2011-11-19 13:14:43
Chinese government officials and company leaders have accused the United States of politicizing trade issues to distract public attention from its own economic woes as the US presidential election draws near.
Property prices in big cities heading south
2011-11-19 12:52:36
Nearly half of 70 major Chinese cities surveyed experienced a decline in the price of housing in October, the widest-spread decline in the country this year, as the government's continuous tightening measures took effect.
SEC rules to slow China's IPOs
2011-11-19 13:06:21
It will not be as easy as it once was for Chinese companies to list on the major US exchanges, as the US has set new rules to tighten standards for firms going public by reverse mergers.
China Mobile pins hope on 4G tech
2011-11-19 13:18:47
China Mobile Communications Corp, the parent of the world's largest telecom carrier by subscribers, said it hopes the homegrown 4G TD-LTE technology will account for half of the global LTE market in the future, said a top company executive.
Metal firm to invest $500 m in Cambodia
2011-11-19 12:59:40
China's Guangxi Nonferrous Metal Group has planned to invest $500 million in a steel plant and an industrial zone in Cambodia in the next three years, Yang Daoxi, vice chairman of Guangxi Zhuang Autonomous Region, said on Friday.
CIC increases stake in CCB
2011-11-19 08:51:46
The China Investment Corporation (CIC), the country's sovereign wealth fund, said it has acquired 2.76 billion Hong Kong-traded shares of China Construction Bank (CCB) for $1.75 billion.
Airbus opens Chinese logistics center
2011-11-19 07:45:18
Airbus SAS opened a logistics company in Tianjin on Friday to provide support services for all the aircraft maker's programs in China.
Chrysler to recall 7,153 Jeep Wranglers in China
2011-11-18 17:18:10
US automaker Chrysler will recall 7,153 imported Jeep Wrangler vehicles in China from January 13, 2012 to fix problems that could pose safety risks, China's top quality watchdog said Friday.