China's stocks close sharply lower Friday
2011-11-18 16:00:27
Headwinds coming from Europe and a warning on projects backed by local governments as well as loans to property developers by the banking regulator sank Chinese stocks sharply lower on Friday.
Issue of currency is not a WTO concern
2011-11-18 15:03:47
China will make it clear to the World Trade Organization (WTO) that the issue of currency is not within its jurisdiction, a senior commerce official said.
ZTE considers new service for mobile carriers
2011-11-18 13:12:33
ZTE Corp, China's second-largest maker of phone equipment, sees "big potential" in offering computer services to mobile-phone companies, President Shi Lirong said.
PBOC moves confuse fine-tuning speculation
2011-11-18 10:22:04
The People's Bank of China (PBOC), the country's central bank, on Thursday mildly surprised traders by ceasing liquidity injection in open market operations amid speculations that a selective loosening in policy is imminent.
Gold demand lifted by jewelry buyers
2011-11-18 10:05:33
China's bullion demand might exceed 750 metric tons this year, as the country overtook India in the third quarter as the world's largest gold jewelry market, the World Gold Council said in a report.
China should manage reserves 'flexibly'
2011-11-18 09:27:09
China should be flexible in adjusting the composition of its foreign-exchange reserves and adapt to changing world economic conditions, analysts said, referring to a surge in the nation's holdings of US government securities in September.
Banks asked to halt short-term WMP
2011-11-18 09:35:52
Commercial lenders have received orders from banking regulators to halt sales of short-term individual wealth management products (WMP) with a maturity of less than a month, said a senior banking executive.
Banks react differently to WMP rule
More cities post home price declines
2011-11-18 17:35:53
More Chinese cities posted monthly home price declines in October following the government's campaign to calm the runaway property market.
Cotton imports may rise this year
2011-11-18 09:57:47
Prompted by booming domestic consumption, China may import more cotton from the United States this year, said Karin Malmstrom, China director of Cotton Council International (CCI), the export promotion unit of the US National Cotton Council.
Nestle to double China investment
2011-11-18 09:37:47
The global food and nutrition giant Nestle SA plans to double the scale of its investment in the Chinese coffee market during the next three years, said a top company executive.
Shanghai to pilot VAT reform
2011-11-18 09:33:36
China's Ministry of Finance announced that the country will start replacing its turnover tax with a value-added tax (VAT) in the transport sector and some service sectors in Shanghai starting from Jan 1.
CDB unit weighs SME bonds
2011-11-18 10:48:09
China Development Bank Securities Co Ltd (CDBS) said that it is negotiating with regulators to launch asset-backed bonds that would ease the credit crunch for small and medium-sized enterprises (SMEs).