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Industrial and Commercial Bank of China (ICBC), the world's largest bank by market value, reported a 2.8-percent growth in first half net profit on brisk increase in lending and fee-based revenue.

Approximately 80 percent of the students polled by the China Youth Association for Network Development (CYAND) began to use the Internet before they turned nine, browsing for "cartoons, music, and games."

China drastically cut its holdings of US Treasury debt in June, but its purchase of more long-term securities indicates no significant change in its interest in US government bonds.

Foreign direct investment (FDI) fell sharply in July amid tightening supervision over inflow of hot money that might have accelerated in the past few months.

While the economic downturn has put some venture capitalists in the doghouse, figuratively speaking, one investment fund for a Chinese website catering to pet lovers has raised more than $10 million.

Biz Unusual

Qing palace sale attracts State companies' interest

A courtyard house next to Beihai Park that was once part of a Qing dynasty palace is being advertised online for 420 million yuan and attracting the interest of State-owned enterprises.

New deal for commercial flights over the Great Wall

Old train tickets and the memory of yesteryear

'Hometowns' battle to claim their celebrities

Equestrian enthusiasts advocate riding horses to work

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Major Markets
Name Value Change Time
Shanghai 2,794.27 -0.58% Thur
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Dow 12,719.49 +0.74% Thur
Nasdaq 2,872.66 +1.36% Thur