China may levy resource tax of 10% on oil, gas
2011-05-05 11:05:05
China's planned resource tax on the sale of oil and gas may be as high as 10 percent, Bloomberg reported Thursday citing the Shanghai Securities News.
Forex reserves pose problems: PBOC official
2011-05-05 10:44:43
China's high foreign exchange reserves are the major cause of excess liquidity, said Yi Gang, deputy governor of the People's Bank of China (PBOC) and head of the State Administration of Foreign Exchange.
China's business travel bounces back
2011-05-05 10:03:05
The volume of Chinese business travelers rebounded in 2010 after a slump during the financial crisis, but travel managers are feeling more pressure from soaring inflation, a report said.
China's top banks step up lending in April
2011-05-05 10:00:19
China's top four State-owned banks lent 260.6 billion yuan ($40.1 billion) in new yuan loans in April, slightly higher than the 242 billion yuan issued in March, said a Reuters report.
Ethiopia seeks more investment
2011-05-05 09:11:42
The Ethiopian Prime Minister Meles Zenawi said he foresees continued investment in the country from China, especially in infrastructure and manufacturing, sectors that are vital for the country's economic growth.
Push to speed up mining M&A
2011-05-05 10:23:51
The National Energy Administration (NEA) says local governments must accelerate the preparation of schedules for the merger and acquisition (M&A) of coal mining companies, and should hand in their plans before the end of June.
Minsheng Bank to open 3 rural banks
2011-05-05 09:21:26
China Minsheng Banking Corp Ltd said it has received the go-ahead from regulators to set up three more rural banking units, continuing a trend among domestic lenders to tap into the country's rural area.
CSR sees massive orders in train
2011-05-05 09:15:53
China South Locomotive & Rolling Stock Corporation Ltd (CSR), has won orders valued at about 7.33 billion yuan ($1.13 billion), equal to 11.3 percent of its total 2010 revenue.
US welcomes Chinese investment: Locke
2011-05-05 10:57:26
The United States welcomes Foreign Direct Investment from China, which benefits the US economy, said Secretary of Commerce Gary Locke.
World's highest hotel opens in Hong Kong
2011-05-04 16:53:09
The Ritz-Carlton Hong Kong located on the top of the city's tallest building held its opening ceremony on Tuesday, claiming its title as the world’s highest hotel.
China's bank forex surpluses grow faster
2011-05-04 15:17:18
The growth of Chinese banks' foreign exchange surpluses from bank-to-client transactions accelerated in March, helping to contribute to China's rapidly expanding foreign exchange reserves.
China launches private placements of bonds
2011-05-04 10:12:34
China has given the green-light for the private placement of bonds, another step towards expanding the role of direct financing in the economy, China's interbank association has announced.