Yuan continues to weaken against dollar

2011-05-04 10:09:48

The value of Chinese currency renminbi (RMB), or the yuan, continued to weaken Wednesday following Tuesday's slide from the record high of 6.4990 per US dollar on April 29. 

Yahoo share price jumps after fund's buying

2011-05-04 10:05:04

Yahoo! Inc shares rose after the hedge fund Greenlight Capital Inc announced that it bought a stake in the Web portal, attracted by Yahoo's investment in China-based Alibaba Group Holding Ltd.

April CPI likely to remain at high level

2011-05-04 09:59:26

China's Consumer Price Index (CPI) is likely to remain at a high level with April's figure rising to at least 5 percent from a year earlier, according to analysts. PBOC deputy governor expects CPI decline

Thermal coal price rises set to continue

2011-05-04 09:45:15

The price of thermal coal - the fuel used in power generation - in China will continue to rise in the second quarter because of a decline in imports and lower domestic supply, analysts said.

Zijin fined $4.6m for Fujian toxic spill

2011-05-04 09:38:16

The Zijin Mining Group, one of China's biggest gold producers, has been ordered to pay 30 million yuan ($4.62 million) by a local court in Fujian province for a toxic spill last year that caused severe environmental pollution.

Property sales rebound during holiday

2011-05-04 09:33:36

China's major cities experienced a rebound in property sales during the recent Labour Day holiday period, while prices relatively remained stable, according to industry statistics on Tuesday.

Brilliance Auto boosts Benin business

2011-05-04 09:19:19

The automaker Brilliance China Automotive Holdings Ltd has signed a preliminary cooperative framework with Beijing Runfar Investment Group to establish a joint venture.

Osama bin Laden statues hot on sale

2011-05-03 16:40:00

Statues of Osama bin Laden and Barack Obama are for sale in a souvenir shop in Yuyuan Garden in Shanghai, May 2, 201.

Home prices rise in April

2011-05-03 16:33:19

China's home prices rose for the eighth consecutive month in April, Bloomberg reported Tuesday, citing Soufun Holdings Ltd.

Intel inks cloud computing deal with UIT

2011-05-03 10:04:21

Intel Capital Corp, Intel Corp's global investment vehicle, announced last week its first storage investment in China to develop its cloud-computing capability.

Baosteel to launch new project in S China

2011-05-03 10:02:14

Baoshan Iron & Steel Co Ltd (Baosteel), a market leader in carbon steel plates, is heading southward. The Shanghai-based steelmaker will launch a strategic project in Zhanjiang, Guangdong province, this year.

Unilever to expand production in China

2011-05-03 09:55:48

Unilever Plc will build one of its largest production bases in the Chinese municipality of Tianjin, the company announced on Friday.