Carrefour strengthens price monitoring
2011-03-10 10:43:40
French retail giant Carrefour announced on Wednesday the establishment of a "price center" at one of its China stores to improve supervision of prices after being accused of overcharging customers.
Magang Holding stays on track
2011-03-10 10:42:24
Magang (Group) Holding Co Ltd, China's biggest maker of train wheels, said the Chinese government is testing its high-speed train wheel products, which may replace imports as the nation embarks on an extensive program of railway construction.
Cathay to exploit mainland
2011-03-10 10:11:13
Hong Kong-based Cathay Pacific Group announced on Wednesday that its plan of a cargo joint venture with Air China Ltd has received official approval from the mainland and the partnership is completing the necessary paperwork.
Anhui vows to tackle heavy metal pollution
2011-03-10 10:06:28
East China's Anhui province has pledged to take measures to crack down on polluting enterprises after lead pollution from a battery plant caused over 200 children to become sick in January.
Gome chairman resigns
2011-03-10 09:44:15
China's largest home appliance retailer GOME said late Wednesday that its chairman Chen Xiao has resigned. Zhang Dazhong will take over as chairman and non-executive director, the electronics giant said in a statement.
China's imports of NZ milk jump five-fold
2011-03-10 09:40:23
China's milk imports from New Zealand have surged more than fivefold since 2008 as rising incomes stoked demand, sending prices to a record and bolstering the economy as it recovers from the deadliest earthquake in 80 years.
Shanghai bourse to vie for more listings
2011-03-10 09:53:34
Shanghai Stock Exchange, the Chinese mainland's largest bourse, plans to attract 50 new listings each year during the 12th Five-Year Plan period (2011-2015), the exchange's president said on Wednesday.
Rising cost causes Moutai's price jump
2011-03-10 09:38:00
The governor of Guizhou province said Wednesday that the latest price hike of Moutai, a famous Chinese liquor, was reasonable due to rising production costs.
Adviser: Inflation to hit 5%
2011-03-10 09:33:21
Consumer inflation in China will rise by 5 percent on average in 2011 and surging international commodity prices will be a major cause of uncertainty as the country battles to contain that inflation, said a central bank adviser on Wednesday.
Lawmakers urge disclosure of detailed gov't spending
2011-03-09 17:44:11
Chinese lawmakers are calling for the country's fiscal expenditure to be disclosed in details as the government vows to make its financial information more accessible to the public this year.
Top rare earth producer to boost output
2011-03-09 17:33:41
China's top rare earth producer, Baotou Steel Rare-Earth (Group) High-Tech Co, said Wednesday it would markedly increase its market share of five major rare earth products including magnetic materials in the next five years.
Oil reserves equal 30 days consumption
2011-03-09 17:23:24
China's strategic oil reserve capacity is enough for one month's use, and the storage proportion of crude oil to product oil is 3:1, according to Wang Qingyun, director of the State Bureau of Material Reserve, the National Business Daily (NBD) reported Wednesday.