Economy

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Wuhu douses housing bailout speculation

An east China city that has sparked attention with its housing subsidies has said the policies are aimed at dousing speculation of a potential loosening of property market controls.
Manufacturing hubs's profit ebbs

Rising costs, the renminbi's appreciation, and weak external demand for China-made goods have dented industrial profits in South China's manufacturing hubs of Guangdong and Zhejiang, data released Friday showed.
Surveys reveal positive public attitudes

Two recent surveys highlight positive attitudes that seem to be at odds with the often-strained China-US relationship. A majority of those interviewed said that the relationship is crucial to both countries.

Bank: No cats on 100-yuan note

Yuan hits new high ahead of Xi's visit

The yuan rose to an 18-year-high on Friday, climbing as Vice-President Xi Jinping prepares to step onto a plane for his trip to the United States next week.
Minsheng issues bonds targeting SMEs

China Minsheng Banking Corp Ltd, a commercial bank whose shareholders are mainly from private enterprises, on Friday started issuing its first batch of financial bonds this year to raise capital for loans to small businesses.
ABC opens London subsidary

The Agricultural Bank of China Ltd (ABC), a major State-owned commercial lender ranked among the "Big Four" in China, announced on Friday it has launched an overseas subsidiary in London.

Seeking a design for living

Haining may soon give Paris a run for its money with its own set of unique designs and brands.

Use of fossil fuels to decline

China still faces great challenges in optimizing its energy structure.

CUP extends online payment

Holders of China UnionPay (CUP) bank cards will be able to use their cards in online stores in Taiwan.

Qihoo products offline from Apple

Qihoo 360 Technology said that its products will be available for downloading again in Apple's online store.

KFC's 'handsome deliveryman'

Branches of KFC in China denied the so-called "handsome delivery boy service" widely discussed on the Internet.

Moutai's status now a headache

China to regulate wealth management sector

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

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

More than 90 million people will benefit from comprehensive business cooperation jointly launched by Hubei, Jiangxi and Hunan provinces, Li Hongzhong, Party chief of Hubei province, said on Friday.

Drop in lending deepens concerns

Concerns over market liquidity and economic recession have become more acute after banks lent less than expected in January and the broad measure of money supply hit the lowest level since June 2001.

Guangdong tough on economic crime

The Guangdong provincial government has mapped out a plan to crack down on economic crimes including monopolizing, counterfeiting and commercial bribery, officials said at a conference in the provincial capital on Thursday.

Activists hope to thwart IPO bid

A pharmaceutical company in Fujian province that makes medicines from bear bile has again been targeted by animal rights activists as it makes a second attempt to become publicly listed.

Industries

TCM exports set to rise at a healthy clip

European freeze boosts down industry

A significant increase in European orders for down products from factories in East China's Zhejiang province since late January has created an opportunity for the local industry's revival.
Hainan vows to stop price gouging

Officials from South China's Hainan province on Thursday reiterated the island's "zero tolerance policy" toward price gouging at tourist attractions during the peak travel time and vowed a stern crackdown over the next three months.
Govt gets tough on food safety, quality

Chinese authorities punished a total of nearly 290 people in more than 5,200 food safety cases in 2011, according to new figures.

LVMH fund buys stake in Chinese fashion brand

Cameco benefits from Chinese investment

Canadian mining giant Cameco, which has been the beneficiary of considerable Chinese investment, saw earnings soar 29 percent during its fourth quarter compared to the same period last year.
Boeing calls for Sino-US efforts on ETS

The United States should form a united front with China to combat European Union carbon-emission taxes, said a senior executive with Boeing Co.
Chery exports up 21% in Jan

China's carmaker Chery Automobile Co Thursday said its overseas shipments in the first month of the year rose 21.2 percent year-on-year to 11,823 units.

Festival puts inequality in focus

While Westerners are astonished by rich Chinese consumers' appetite for luxury goods, people in rural China on average earn less than 7,000 yuan ($1,100) a year.
Ups and downs of renminbi

Short-term capital flows make exchange rate more volatile, posing new challenges for decision-makers in China and the United States.
Reciprocal cooperation

Canadian Prime Minister Stephen Harper arrived in Beijing late on Tuesday for a five-day visit to China. He has come at an important moment when both sides feel an increasing need to bring bilateral ties to a new level.

Govt to wipe out substandard slaughtering

China is vowing to eliminate substandard meat processing in the country within the next few months as part of a campaign to ensure food is safe, officials said on Friday.
China targeting poverty reduction by family planning

China will further promote family planning policies in a bid to steady birth rates and alleviate poverty in its less affluent counties, according to a new plan on poverty reduction.
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.

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Ties to cover more sectors

An east China city that has sparked attention with its housing subsidies has said the policies are aimed at dousing speculation of a potential loosening of property market controls.

Rising costs, the renminbi's appreciation, and weak external demand for China-made goods have dented industrial profits in South China's manufacturing hubs of Guangdong and Zhejiang, data released Friday showed.

Two recent surveys highlight positive attitudes that seem to be at odds with the often-strained China-US relationship. A majority of those interviewed said that the relationship is crucial to both countries.

Bank: No cats on 100-yuan note

The yuan rose to an 18-year-high on Friday, climbing as Vice-President Xi Jinping prepares to step onto a plane for his trip to the United States next week.

China Minsheng Banking Corp Ltd, a commercial bank whose shareholders are mainly from private enterprises, on Friday started issuing its first batch of financial bonds this year to raise capital for loans to small businesses.

The Agricultural Bank of China Ltd (ABC), a major State-owned commercial lender ranked among the "Big Four" in China, announced on Friday it has launched an overseas subsidiary in London.

Weekly Reports

More than 90 million people will benefit from comprehensive business cooperation jointly launched by Hubei, Jiangxi and Hunan provinces, Li Hongzhong, Party chief of Hubei province, said on Friday.

TCM exports set to rise at a healthy clip

A significant increase in European orders for down products from factories in East China's Zhejiang province since late January has created an opportunity for the local industry's revival.

Officials from South China's Hainan province on Thursday reiterated the island's "zero tolerance policy" toward price gouging at tourist attractions during the peak travel time and vowed a stern crackdown over the next three months.

Chinese authorities punished a total of nearly 290 people in more than 5,200 food safety cases in 2011, according to new figures.

LVMH fund buys stake in Chinese fashion brand

Canadian mining giant Cameco, which has been the beneficiary of considerable Chinese investment, saw earnings soar 29 percent during its fourth quarter compared to the same period last year.

The United States should form a united front with China to combat European Union carbon-emission taxes, said a senior executive with Boeing Co.

China's carmaker Chery Automobile Co Thursday said its overseas shipments in the first month of the year rose 21.2 percent year-on-year to 11,823 units.

While Westerners are astonished by rich Chinese consumers' appetite for luxury goods, people in rural China on average earn less than 7,000 yuan ($1,100) a year.

Short-term capital flows make exchange rate more volatile, posing new challenges for decision-makers in China and the United States.

Canadian Prime Minister Stephen Harper arrived in Beijing late on Tuesday for a five-day visit to China. He has come at an important moment when both sides feel an increasing need to bring bilateral ties to a new level.

China is vowing to eliminate substandard meat processing in the country within the next few months as part of a campaign to ensure food is safe, officials said on Friday.

China will further promote family planning policies in a bid to steady birth rates and alleviate poverty in its less affluent counties, according to a new plan on poverty reduction.

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.

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