Economy

Opening-up to continue

Clean tech a priority for cooperation

Chinese Premier Wen Jiabao said Friday that energy conservation and environmental protection will be a key area for the future of Sino-German cooperation.
China to promote steady, rapid growth

Vice-Premier Wang Qishan on Friday said the Chinese government will accelerate the adjustment of China's economic structure and promote steady and rapid economic development.
Pollution costing China dear: Report

China is paying an increasing price for pollution brought about by economic development, says a report by the country's environmental protection academy.

CSRC to open securities to pension funds

Banks urged to better serve real economy

Chinese leaders on Friday urged banks to improve financial services for the country's real economy, especially agriculture and small firms.
Wenzhou calls for capital to come home

Wenzhou, a pioneer in the nation's private-sector economy, is about to embark on another experiment: a banking platform meant to ease the financial woes of thousands of companies that teetered on the edge bankruptcy last year.
181 listed companies predict a slide

From the fourth quarter of 2011 till now, a total of 1,527 listed companies have disclosed their 2011 performance predictions, the 21st Century Business Herald reported Wednesday.

Moutai's status now a headache

Kweichow Moutai is a little miffed about its status as a luxury brand.

Rare vintages drop in value

Tipsy Chinese investors drunk on the legend of Lafite wine have been rudely shocked by the cold economic fact that what goes up can come down.

Holiday gift market booming

The demand in the Chinese gift market was as much as $122 billion in 2011, and the Spring Festival accounted for up to 60 percent of this huge market.

Bringing the big beef East

Restaurant group looks to Asia for expansion drive as US division saw losses.

Credit crisis winds down

Wenzhou firms that closed down have resumed operations following measures to improve the financial situation in the city.

Starbucks brews price hikes

Twist in the tale

China Banking

China to regulate wealth management sector

The China Banking Regulatory Commission released guidelines on the sales of wealth management products by commercial banks.

AutoChina

New standards for C-NCAP announced

The new China-New Car Assessment Program management rules have been unveiled, sources reported on Oct 12.

Iran suspended a gas contract with CNPC

Suntech sees China gaining from falling solar prices

Premier Wen Jiabao said on Friday that China has neither the intention nor the ability to buy up Europe, answering concerns over the country's increasing investment in debt-stricken eurozone economies.

'Lost' staff prompt a headache

Many businesses in Guangdong, ranging from restaurants and toy makers to other manufacturing companies, have been hit by a labor shortage after the traditional Chinese Spring Festival.

Opening-up to continue

China will continue its policy of opening-up to the outside world and encourage its enterprises to participate in equal competition in that process, Vice-Premier Li Keqiang said.

Pollution costing China dear: Report

China is paying an increasing price for pollution brought about by economic development, says a report by the country's environmental protection academy.

Industries

'Lost' staff prompt a headache

Power supplies to remain tight this year

The China Electricity Council (CEC) said Friday that China will face tightened supplies of electric power this year, with a shortage estimated to reach up to 40 million kilowatts.
New plan for petrochems' development

China will form as many as four refining bases in the coastal regions, each with a refining capacity of 20 million metric tons by the end of 2015.
Online orders surge after big festival

In the week following Spring Festival, online retailers and delivery services were overwhelmed by a flood of orders from customers unable to access certain virtual stores due to holiday closures.

Website will take on group-buying giants via China

Volvo reports record high net sales in 2011

Net sales of the Swedish Volvo group in 2011 reached a record high level of 310.3 billion Swedish kronor ($46 billion), up 17.2 percent compared to 2010.
Moutai's status provides a headache

Kweichow Moutai Distillery Co, which makes baijiu, China's most famous white spirit, is a little miffed about its status as a luxury brand.
The man who has a nose for liquor

"My job is tasting and blending baijiu (white spirit) for clients," said Fu, the youngest spirit master in Maotai town in Renhuai in Southwest China's Guizhou province.

Promoting agriculture

Promoting innovation in science and technology for agriculture as the main theme of this year's No 1 document not only demonstrates the central authorities' concern for agriculture. It also points to their consideration for the long-term development of agriculture.
Luxury shoppers ring alarm bells

In the United States, Chinese and Brazilian tourists have become the top spenders. On average, a Chinese tourist spends $6,200, compared with the $4,000 average for foreign tourists to the US.
High-tech edge is needed

China's long-held, low-cost manufacturing advantages are dwindling and it must make greater inputs into innovation.

China limits foreigners' housing mortgage

The National Development and Reform Commission (NDRC), China's top economic planner, just released a notice, limiting mortgages for foreigners purchasing properties in China, the Shanghai Securities Journal reported Thursday.
Beijing to release PM 2.5 data

Just before Spring Festival this year, the capital city will start releasing data about the amount of tiny particulate matter that is detected in the air.
Oil windfall tax threshold raised to $55

The levy will be set at a progressive rate between 20 and 40 percent on the excess of the average realized oil price from a base of $55 per barrel.

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Opening-up to continue

Chinese Premier Wen Jiabao said Friday that energy conservation and environmental protection will be a key area for the future of Sino-German cooperation.

Vice-Premier Wang Qishan on Friday said the Chinese government will accelerate the adjustment of China's economic structure and promote steady and rapid economic development.

China is paying an increasing price for pollution brought about by economic development, says a report by the country's environmental protection academy.

CSRC to open securities to pension funds

Chinese leaders on Friday urged banks to improve financial services for the country's real economy, especially agriculture and small firms.

Wenzhou, a pioneer in the nation's private-sector economy, is about to embark on another experiment: a banking platform meant to ease the financial woes of thousands of companies that teetered on the edge bankruptcy last year.

From the fourth quarter of 2011 till now, a total of 1,527 listed companies have disclosed their 2011 performance predictions, the 21st Century Business Herald reported Wednesday.

Weekly Reports

Premier Wen Jiabao said on Friday that China has neither the intention nor the ability to buy up Europe, answering concerns over the country's increasing investment in debt-stricken eurozone economies.

'Lost' staff prompt a headache

The China Electricity Council (CEC) said Friday that China will face tightened supplies of electric power this year, with a shortage estimated to reach up to 40 million kilowatts.

China will form as many as four refining bases in the coastal regions, each with a refining capacity of 20 million metric tons by the end of 2015.

In the week following Spring Festival, online retailers and delivery services were overwhelmed by a flood of orders from customers unable to access certain virtual stores due to holiday closures.

Website will take on group-buying giants via China

Net sales of the Swedish Volvo group in 2011 reached a record high level of 310.3 billion Swedish kronor ($46 billion), up 17.2 percent compared to 2010.

Kweichow Moutai Distillery Co, which makes baijiu, China's most famous white spirit, is a little miffed about its status as a luxury brand.

"My job is tasting and blending baijiu (white spirit) for clients," said Fu, the youngest spirit master in Maotai town in Renhuai in Southwest China's Guizhou province.

Promoting innovation in science and technology for agriculture as the main theme of this year's No 1 document not only demonstrates the central authorities' concern for agriculture. It also points to their consideration for the long-term development of agriculture.

In the United States, Chinese and Brazilian tourists have become the top spenders. On average, a Chinese tourist spends $6,200, compared with the $4,000 average for foreign tourists to the US.

China's long-held, low-cost manufacturing advantages are dwindling and it must make greater inputs into innovation.

The National Development and Reform Commission (NDRC), China's top economic planner, just released a notice, limiting mortgages for foreigners purchasing properties in China, the Shanghai Securities Journal reported Thursday.

Just before Spring Festival this year, the capital city will start releasing data about the amount of tiny particulate matter that is detected in the air.

The levy will be set at a progressive rate between 20 and 40 percent on the excess of the average realized oil price from a base of $55 per barrel.

Green China

Business Focus