China's economic transformation on right track

2011-03-21 10:07:31

China's economic and social development plan for the 2011-2015 period is on the right track for China's sustainable growth, with challenges lying ahead, said Peter Sands, Group Chief Executive of Standard Chartered.

Sharing in factory proprietor's success

2011-03-21 09:25:50

Swimwear maker, Fujian Jinjiang Aojin Knitting & Garments Co, offers equity to employees as an incentive to stay with company for the long term.

China to prioritize consumer demand

2011-03-21 09:22:16

China will strive to establish a long-term mechanism to boost domestic consumer demand in the next five years, Zhang Ping, minister of the National Development and Reform Commission (NDRC), said on Sunday.

Salt market order back to normal: MOC

2011-03-21 09:11:10

China's Ministry of Commerce (MOC) said in a statement on Sunday that the panic buying of salt prompted by radiation fears over Japan's crippled nuclear power plant has stopped and the market order is back to normal.

Japan not now on visitors' agendas

2011-03-21 09:44:42

The National Tourism Administration has warned Chinese tourists to remain cautious about visiting Japan and to avoid quake-hit regions. Echoing the calls from the administration, most tourism agencies have refunded tourists or given them an option to postpone their trip.

Economists urge selling US Treasuries

2011-03-19 15:24:56

China faces high risks in holding a large amount of US Treasury bonds and should be cautious about further purchases, said economists home and abroad.

Fewer Nantong labor cases

2011-03-19 10:05:07

The number of overseas-labor disputes involving workers from Nantong, in East China's Jiangsu province, have dropped by 40 percent since 2008, when an illegal labor export scandal occurred in Romania involving 83 Nantong workers, a senior local police officer has said.

Authorities try to dilute salt-buying panic

2011-03-19 09:43:17

The Ministry of Commerce on Friday joined other government agencies in assuring the public of "substantial" salt reserves as panic buying prompted by radiation fears over Japan's crippled nuclear power plant continued in some Chinese cities.

Lanxess drives ahead in China

2011-03-19 09:13:35

Lanxess AG, the world's biggest producer of synthetic rubber, said on Friday that curbs on the use of vehicles in Chinese cities will not harm its business in the country, despite a gearing down of the growth rate in the country's car sales.

PBOC increases reserve ratios for lenders again

2011-03-19 09:03:41

The required reserve ratios for banks were raised by 50 basis points on Friday - the ninth hike since the beginning of 2010. The measure will be effective from March 25, after which the reserve requirement ratio for large commercial banks will be 20 percent.

Salt buying recedes as supply increased

2011-03-19 10:39:21

A panic buying of salt that swept parts of China in the past two days died down Friday as salt supplies were increased and rumors that iodized salt could guard against nuclear radiation were denied.

Japan quake prompts PetroChina M&A

2011-03-19 09:23:47

PetroChina Co pledged to accelerate acquisitions of energy assets and develop the country's domestic resources of natural gas as demand for the fuel rises following Japan's nuclear reactor crisis.