Chery Auto to build $200m factory in S America
2011-05-31 10:20:13
Chery Automobile Co will break new ground in Latin America when its $200 million factory in Venezuela starts producing vehicles for the region later this year, a move seen as further enhancing foothold in the overseas market of the automaker.
ABC set to issue bonds to boost CAR
2011-05-31 10:23:24
Agricultural Bank of China Ltd (ABC), the country's third-biggest lender by assets, will sell 40 billion yuan ($6.17 billion) of subordinated bonds from June 2 to 7, according to a statement.
Rio Tinto boosts purchases in China
2011-05-31 09:18:39
Rio Tinto Group, the world's third-largest miner by market capitalization, said it will double its procurement of goods in China to reach $1 billion this year, further highlighting long-term collaboration with the world's largest iron ore consumer.
Taobao.com opens furnishings showroom
2011-05-31 09:37:07
One of China's e-commerce giants has stepped up its heated rivalry with brick-and-mortar retailers by launching a five-story home furnishings showroom in Beijing.
Checks on land trades to control prices
2011-05-31 09:02:14
The Ministry of Land and Resources (MLR) said Monday that it will check land transactions completed since the beginning of the year to monitor unusual price fluctuations and prevent rebounds in residential land prices.
China raises commercial power prices
2011-05-30 17:14:37
China has raised prices of electricity for industrial use in some regions by around 20 yuan ($3.08) per 1,000 kilowatt-hour, said the country's top economic planner on Monday.
Foreign staff to be covered by social insurance
2011-05-30 17:11:49
China is drafting details of the Social Insurance Law that will allow it to apply to foreign employees, a senior official with the Ministry of Human Resources and Social Security said Monday.
Int'l New Energy Equipment Expo opens in Lanzhou
2011-05-30 16:09:20
The 4th China Northwest International New Energy Equipment Manufacturing Expo opened in Lanzhou on Sunday.
Reports: Chery-Subaru linkup likely
2011-05-30 10:33:28
Domestic carmaker Chery Automobile Co and Japan's Fuji Heavy Industries have agreed in principle to build Subaru vehicles in China and are now seeking approval from regulators, Reuters reported recently.
Overwork takes its toll on staff health
2011-05-30 10:23:44
Having turned off the office lights at 2 am, Wang Yue wearily trudged home. He and his colleagues spent four days in a row working overtime last week because of an urgent project.
Commercial property on the up
2011-05-30 10:01:02
Most investors believe as the restriction continues in the residential sector, more domestic and foreign investors will pour into commercial real estate, and a growing economy will bring about more opportunities for office leasing and trading.
Electronic payment licenses to boost sector
2011-05-30 10:00:26
The issue of third-party online payment permits in China this week will boost the sector's development through giving it a legal status, analysts said.