China to spend $197b on affordable housing this year
2011-03-09 16:47:55
China will invest about 1.3 trillion yuan ($196.9) on building 10 million units of affordable homes in 2011, said Qi Ji, vice minister of Housing and Urban-Rural Development on Wednesday.
Rail industry park looks to global market
2011-03-09 16:46:45
While China is pulling ahead in the global race for high-speed railway construction, Changchun, the nation's main production site for locomotive and rolling stock, is increasing efforts to develop into a global railways transportation industry and export base.
Benchmark index closes above 3,000 points
2011-03-09 16:31:33
Chinese shares closed higher Wednesday with the benchmark Shanghai Composite Index up 2.21 points, or 0.07 percent, to 3,002.15, slightly above the market's psychological expectation of 3,000 points.
Backlash over Apple refund promotion
2011-03-09 16:30:42
Furious Apple customers in Beijing are turning to consumer rights watchdogs after being denied refunds promised in promotions for the newly released iPad 2.
China plays major role in Aussie tourism growth
2011-03-09 16:19:03
China has surpassed the United Kingdom (UK) as Australia's most valuable tourism market, a survey released by the Australian Government Department of Resources, Energy and Tourism on Wednesday found.
Chinese leaders stress economic restructuring
2011-03-09 14:28:25
Chinese President Hu Jintao on Tuesday called for greater determination and efforts to achieve substantial progress in transforming the country's mode of economic development.
Zhang Dazhong likely to head Gome's board: report
2011-03-09 14:08:01
Gome Electrical Appliance Holdings Ltd is likely to appoint Zhang Dazhong as the new chairman of the board, sina.com reported Wednesday, citing sources close to the matter.
Consumer confidence rebounds in Feb
2011-03-09 14:03:36
Chinese consumers' confidence slightly rebounded month on month in February on lower food prices and a shopping spree on non-daily essential goods during the Spring Festival holiday, according to an index reading released Wednesday.
China able to keep inflation around 4%
2011-03-09 10:58:37
China is capable of keeping inflation around 4 percent this year if the central government's plicies are well implemented, China's former chief statistician said on Tuesday.
Starbucks brews major expansion plan
2011-03-09 10:56:45
Starbucks Corp, the world's largest coffee chain by sales, on Tuesday said it will expand its business in China by opening more outlets in second- and third-tier cities and bring in new product lines to seize the instant-coffee market.
Social Security Funds may hit 1t yuan
2011-03-09 10:52:32
Dai Xianglong, chairman of China's National Council for Social Security Funds, said the asset of funds may reach 1 trillion yuan ($148.70 billion) by the end of this year. And it could hit 1.5 trillion yuan by 2015, Shanghai Securities News reported Wednesday.
HNA goes on aircraft spending spree
2011-03-09 10:51:08
HNA Group Co Ltd, China's fourth-largest airline group and parent of Hainan Airlines Co Ltd and Hong Kong Airlines, has ordered a total of 48 aircraft from Boeing Co, Dassault Falcon Jet Corp and Gulfstream Aerospace Corporation.