CNPC to raise gas output by 5%
2012-02-07 13:20:27
China National Petroleum Corp plans to raise its natural gas output to a level of 79.3 billion-82.1 bcm this year, the largest Chinese oil and gas producer said in a company newspaper on Tuesday.
Walmart names Foran as new China CEO
2012-02-07 13:10:08
Wal-Mart Stores Inc said on Tuesday it has named Walmart executive Greg Foran as the president and chief executive of Walmart China, capping a series of leadership changes at the China unit tainted by food scandals.
Assets check required for Govt welfare
2012-02-07 10:11:26
A new regulation will deny welfare subsidies to residents who own assets that require a certain level of income to buy, such as vehicles or real estate.
Mainland remains popular with PE, VC firms
2012-02-07 09:49:21
Though the Chinese VC and PE industries are undergoing adjustments after a phase of rapid development, many global investment institutions are choosing China as a major investment destination.
Li Ning to reduce staff to lower costs
2012-02-07 09:46:54
China's homegrown sports brand Li Ning Co Ltd has announced that it will reduce staff numbers to rein in costs after it had predicted its revenue for 2011 had fallen by 6 to 7 percent year-on-year.
Shipyards heading for stormy waters
2012-02-07 09:35:06
The approach of spring hasn't brought good tidings for Chinese shipyards, which continue to struggle as a sluggish world economy, a glut of vessels and surging fuel prices hurt shipping demand.
Chinese snap up luxury products
2012-02-07 09:34:11
Chinese people will buy more than half their acquisition of luxury goods on the mainland in 2014 rather than overseas, as is the case now, business research and consulting firm Frost & Sullivan said in its latest survey.
Apple faces trademark suit
2012-02-07 09:27:46
A Shenzhen-based enterprise has accused technology giant Apple of infringing on its iPad trademark - a trademark over which both companies claim ownership.
Wealth gap survey to be published
2012-02-07 09:25:59
Urban and rural income surveys will be standardized amid plans to publish an internationally accepted measure of how wealth is distributed, a leading statistician said.
Retailers set for difficult times ahead
2012-02-07 09:21:48
Retailers in the Chinese mainland may be in a long, cold winter, as a depressed stock market and gloomy predictions for the global economy dampened consumer enthusiasm, analysts said.
Airlines told not to pay EU green tax
2012-02-07 09:16:30
Domestic airlines have been banned from complying with the European Union's scheme to impose charges on carbon emissions from flights to and from Europe, the civil aviation authority said on Monday.
Citi OKed to launch credit cards in China
2012-02-06 18:03:14
Citibank (China) Co Ltd (Citi) has received approval from the China Banking Regulatory Commission to launch the credit card business in China, the company announced on Monday.