Dagong downgrades UK credit
2011-05-24 13:10:38
China's first domestic rating agency, Dagong Global Credit Rating Co Ltd, on Tuesday downgraded the local and foreign currency long-term sovereign credit rating of the United Kingdom by one level to A+ from previous AA- with "negative" outlook.
CDB buys TPG stake
2011-05-24 11:12:35
China Development Bank (CDB) Corp's investment unit has agreed to purchase a stake in the US buyout company TPG Capital, said a person with knowledge of the matter.
Insurers eye long-term gain in housing plan
2011-05-24 10:52:53
Seven Chinese insurance companies will invest up to 80 billion yuan ($12.3 billion) to build affordable housing in Beijing.
CIC sees investment potential in Russia
2011-05-24 10:27:51
Chinese companies can find rich investment opportunities in Russia through its planned direct investment fund and a new round of privatization, says China Investment Corporation chairman Lou Jiwei.
Sino-African fund set to swell
2011-05-24 09:51:57
ICBC launches dual-currency credit card
2011-05-24 09:19:31
The world's largest commercial bank ICBC launched its bid to promote its dual-currency credit card outside China on Monday -- with international investor Jim Rogers among the first holders.
Unprecedented power shortages loom
2011-05-24 09:15:13
China is likely to face the most severe power shortage in its history this summer, with the electricity shortfall increasing to at least 30 gigawatts (gW) and estimated to peak at 40 gW, officials said.
China-ASEAN FTA works on win-win for all
2011-05-24 09:05:27
Indonesia stands to benefit from the implementation of the China-ASEAN free trade agreement (FTA) with easier access to more deals in new markets for its manufactured products and raw materials.
RRR rises stifle private sector: Economist
2011-05-24 09:43:39
China should rely more on adjusting the interest rate than reserve requirement ratios (RRR) to fight inflation, because RRR rises disproportionately hurt private-sector businesses, according to a senior economist.
Italy's economy stir concern across China
2011-05-24 09:24:17
The lower outlook for Italy's sovereign debt triggered wide concern across China as it could add uncertainty to the bumpy recovery of Europe, the country's largest trading partner. However., some analysts said the concerns are unnecessary.
China int'l underwear exhibition 2011 opens in Shenzhen
2011-05-23 17:10:11
China international underwear exhibition 2011 kicked off in Shenzhen on Saturday.
Shanghai plans individual overseas investment
2011-05-23 15:38:49
Shanghai has submitted a proposal to the State Council, China's Cabinet, aimed at allowing its citizens to make direct investments overseas, but haven't gotten an official reply, the Xinhua News Agency reported Monday.