Experts expect that China will become the biggest auto market in the world this year, the West China City Daily reported yesterday. Based on current trends, consumers will buy between 12 and 13 million cars this year, analysts said.
The People's Insurance Company (Group) of China Ltd (PICC), the biggest insurance conglomerate in China, has stretched out its reach to real estate investment, said Wu Yan, chairman of the insurer.
China's big four banks extended about 136 billion yuan ($20 billion) yuan-denominated new loans in October, up 23.6 percent from September's 110.4 billion yuan.
Shanghai Deer Jet Co, a subsidiary of HNA Group, has won permission from the Civil Aviation Administration of China to provide business aviation services.
Asia's largest refiner Sinopec incurred losses in its refining business in October because increases in domestic fuel prices haven't caught up with gains in crude costs, a company official said yesterday.
PetroChina's Q3 net profit down 23.2%
The supply and demand principles of economics tell us prices that go up will one day come down.
Early this year, famed comedian Zhao Benshan spent 550,000 yuan on the an 18-day China Enterprise CEO course at the Beijing's Cheung Kong Graduate School of Business, arousing great public interest about wealthy people's lives and spending.
| Name | Value | Change | Time |
| Shanghai | +0.06% | Mon | 3,109.57 |
| Shenzhen | -0.22% | Mon | 12,815.26 |
| HSI | +1.71% | Mon | 22,589.73 |
| NIKKEI | +0.77% | Mon | 10,362.62 |
| Dow | -0.18% | Fri | 9,972.18 |
| Nasdaq | -0.50% | Fri | 2,157.47 |
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