Natural gas reserves plan recommended
2011-04-13 10:05:23
China should consider establishing strategic reserves of natural gas, because of the nation's growing appetite for the fuel and a burgeoning dependence on imports, industry experts said.
China to float 50b yuan in e-savings bonds
2011-04-13 09:36:55
China's Ministry of Finance said Tuesday that it would launch three batches of electronic savings bonds worth up to 50 billion yuan ($7.64 billion) starting this week.
Fast growth of economy fuels rise in wealthiest
2011-04-13 09:33:18
According to an annual wealth report released on Tuesday, the Chinese mainland has 960,000 millionaires with personal wealth of 10 million yuan ($1.5 million) or more.
Property developers feel pinch of tightened belt
2011-04-12 17:13:39
Chinese property developers are suffering from a slump in cash flow amid government tightening measures meant to battle rising inflation and rein in speculation in the housing market, according to a report by a financial information provider.
9m yuan for a bottle of Moutai
2011-04-12 16:10:05
A bottle of vintage Moutai Liquor with an initial biding price of 2.6 million yuan ($397,730), but sold at a price of 8.9 million yuan, is seen at an auction in Guiyang city, capital of southwest China's Guizhou province, April 10, 2011.
Chamber seeks to settle US trade friction
2011-04-12 13:45:28
A chamber of commerce representing China's steel wheel manufacturers said on Monday they are seeking to resolve trade friction with US counterparts through negotiation and consultation while preparing for legal proceedings in response to a possible US probe.
Inflation remains key risk to economy
2011-04-12 09:11:33
China's faster-than-expected growth in exports and imports last month may allow the government to strengthen its fight against inflation, which probably exceeded its target for the ninth straight month in March. First quarterly deficit in seven years
Car sales growth may fall short of estimates
2011-04-12 11:14:47
BEIJINGChina's passenger-car sales may grow at a slower pace this year than was earlier estimated by a group of the nation's automakers after the government ended incentives for purchases and raised fuel prices.
Vanke to build govt-subsidized homes
2011-04-12 11:10:41
China Vanke Co Ltd will strengthen the development of government-subsidized housing as part of its strategy to cope with the rigorous tightening measures in the real estate sector.
Shenhua to seek rights issue
2011-04-12 10:44:50
China Shenhua Energy Co, the listed unit of the nation's biggest coal producer by market value, said on Monday that it will seek shareholders' approval to make a rights issue of up to 20 percent of its shares on the Chinese mainland and in Hong Kong.
BASF SE starts building plant in SW China
2011-04-12 10:23:00
World-leading chemical maker BASF SE officially started on Monday the construction of an environmentally safe chemical plant in China's ecologically fragile Three Gorges Dam area in southwest China.
Tourism to become a pillar industry
2011-04-12 09:39:48
Chinese Vice-Premier Wang Qishan said on Monday that the country would strive to develop tourism into a strategic pillar industry of the nation's economy over the 12th Five-Year Plan period from 2011 until 2015.