Land ministry to control housing land prices
2011-03-11 10:36:32
The Ministry of Land and Resources (MLR) released a notice on Thursday urging local authorities to control land auction prices in urban areas.
Swire Pacific profits up 75%
2011-03-11 10:34:47
Hong Kong conglomerate Swire Pacific Ltd's net profit registered a year-on-year rise of 75 percent in 2010, but its beverage division recorded a 7 percent decline owing mainly to a weaker performance on the Chinese mainland, the company said on Thursday.
China's wealthy in Forbes list doubles
2011-03-11 10:23:37
China has seen its richest people coming from diverse industries, indicating signs of a dynamic economy, according to Forbes magazine's Billionaires List of 2011.
China Feb CPI up 4.9%
2011-03-11 10:17:09
China's consumer price index (CPI), a main gauge of inflation, rose 4.9 percent year-on-year in February, the National Bureau of Statistics announced Friday.
PPI up 7.2% Jan-Feb industrial output up 14.1% Jan-Feb fixed asset investment up 24.9%
Retail sales up 15.8% in first two months
China to further reform exchange, interest rates
2011-03-11 10:07:37
An official with China's central bank said Thursday that they would steadily promote exchange rate and interest rate reforms over the coming five years, as they are key to the nation's financial system reform.
Shanghai Disney first phase to start in June
2011-03-11 10:05:38
Shanghai's Disneyland project will be located in a seven square-kilometer (sq km) area northeast of the city that has been designated as a tourist destination, the municipal government said in a statement posted online.
More monthly deficits 'likely'
2011-03-11 09:04:09
China is "highly likely" to see more trade deficits in the coming months after it reported a surprise February deficit, the biggest in 7 years, due to slowing overseas demand and rising commodity prices, economists said.
Steer clear of US debt, expert warns
2011-03-11 09:50:43
China, the largest US creditor, should stop buying US Treasuries because the "cost" of lending to a nation that may face a default on its debt is too high, said former Chinese central bank adviser Yu Yongding.
Banks told to handle loans 'properly'
2011-03-11 09:46:53
The China Banking Regulatory Commission (CBRC) on Thursday ordered banks to "properly handle" problems related to housing loans and protect the rights of customers while improving risk management.
4G to be adopted within 3-5 years
2011-03-11 09:39:34
China's top telecom regulator said on Thursday that the country plans to adopt the commercial use of fourth-generation (4G) technology "in three to five years", providing the first official timetable for China's move to the next generation telecom service.
Agricultural policy bank to issue $60b in bonds
2011-03-11 09:19:56
Agricultural Development Bank of China, a State-owned agricultural policy bank, plans to issue 400 billion yuan ($60.6 billion) in bonds in 2011, the bank's vice president said on Thursday.
China's trade deficit hits $7.3b in Feb
2011-03-10 13:36:10
China witnessed a trade deficit of $7.3 billion in February, the General Administration of Customs said on Thursday. This is China's first monthly trade deficit since March 2010. In the first two months this year, China posted a trade deficit of $890 million