Nation will prune unneeded industries
2011-04-21 10:20:47
China may halt new electrolytic aluminum projects and close down more than 2,000 inefficient companies in 18 industries this year because of overcapacity, high energy consumption and pollution, the Ministry of Industry and Information Technology (MIIT) said in a press release on Wednesday.
Hainan duty free gives shoppers a good deal
2011-04-21 10:14:39
The opening of a duty free store in Sanya, Hainan province, on Wednesday has grabbed the attention of shoppers across China, many of whom will be relishing the prospect of being able to purchase luxury imported goods at competitive prices without embarking on long trips abroad.
Trade partners seek fairness
2011-04-21 09:21:44
Analysts said on Wednesday that the huge differences in the size of China's government procurement seen in the Chinese and European data simply reflect different definitions, and Chinese bidders on foreign contracts should receive equal treatment.
Local banks 'gain rich edge'
2011-04-21 09:57:51
China's rich prefer domestic banks for wealth management even as their overseas assets expand, according to a report released by China Merchants Bank (CMB) and Bain & Company on Wednesday.
Think tank alerts govt on inflation
2011-04-21 09:57:01
Experts from the Chinese Academy of Social Sciences (CASS), a major think tank in China, have suggested that the government make taming inflation the top priority for current macro regulations.
Income tax rate under review
2011-04-21 09:14:32
Taxpayers may be able to keep more of their income under a proposal submitted by the State Council to the nation's top legislature.
Futuristic wheelchair or real car?
2011-04-20 17:30:14
The i-REAL is a 'Personal Mobility Concept' made by Toyota, which is a 3-wheeled electrically powered one-passenger vehicle, running on lithium-ion batteries that can travel under 30 km/h.
Driving force for luxury cars
2011-04-20 16:00:12
China is the global driving force for premium luxury cars as consumer enthusiasm fuels sales, industry experts said.
Central SOEs see Q1 net profit up 22.4%
2011-04-20 15:58:04
Chinese State-owned enterprises that are under the central government, or central SOEs, posted a net profit increase of 22.4 percent for the first three months of this year.
GM will invest up to $7b in China's market
2011-04-20 13:48:55
General Motors will invest $5 billion to $7 billion over the next five years in China, aiming to double its sales to 5 million units by 2015.
Many top bosses mull job move
2011-04-20 11:25:46
With growing confidence about career opportunities and expectations of more pay, as many as 87 percent of senior managers in China have said they may change jobs this year, according to a recent survey.
Authorities calling for wage rises
2011-04-20 10:50:00
Chinese labor authorities are aiming to have the wages of business employees rise by 15 percent a year during the next five years.