Anshan Steel to set up JV with British Stemcor
2011-02-23 10:01:41
China's Anshan Iron & Steel Group Corp. has inked a deal with British Stemcor to set up a joint venture, an official of the Chinese company said Tuesday.
SOE's shedding real estate assets
2011-02-23 09:55:47
More than 20 State-owned companies whose main business is not real estate will leave the property market this year, an industry watchdog said on Tuesday.
PBOC customizes reserve ratios for 40 local banks
2011-02-23 09:45:15
The People's Bank of China said it has implemented "dynamically differentiated required reserve ratios" among 40 local banks with low capital adequacy ratios and which witnessed rampant growth in lending since January. CBRC to set new rules for banking sector
Natural gas stockpiles crucial to energy security
2011-02-23 09:42:57
China must devise an emergency natural-gas storage plan during the 12th Five-Year Plan period to prepare for the possibility of an abrupt shortage, said a senior researcher at the country's energy think tank.
Central SOEs increase payback to the State
2011-02-23 09:16:41
Central State-owned enterprises (SOEs) will hand over 15 percent of their total profits to the State this year in a bid to share the benefits provided by the rapid growth of the SOEs with the public. All central SOEs will be listed in future
Baidu accused of abusing dominant position
2011-02-23 10:06:28
Baidu Inc may face anti-monopoly scrutiny after a Chinese website launched a complaint against the country's biggest search engine.
Huawei withdraws from US company purchase
2011-02-22 10:43:35
Huawei Technologies Ltd, China's leading telecommunication equipment manufacturer confirmed on Monday that it would abandon its efforts to acquire assets of a US computer company as recommended by a security panel.
20 more SOEs to fully exit real estate business
2011-02-22 17:19:13
More than 20 centrally administered State-owned enterprises (SOEs), whose core business is not property, will fully exit the real estate business this year.
CBRC to adopt new regulatory framework
2011-02-22 13:39:02
The China Banking Regulatory Commission (CBRC) is drafting a guidance document to adopt a new regulatory framework consisting of four new regulatory tools for commercial banks. The document will be released soon, said the CBRC spokesperson.
Best Buy closes China outlets
2011-02-22 13:25:58
US consumer electronics retailer Best Buy Co Inc has closed all nine outlets on the Chinese mainland, plus its regional retail headquarters in Shanghai, a statement on the company's website said Tuesday.
Import taxes to be lowered
2011-02-22 13:17:06
China is to cut import taxes on some products, including formula milk and cosmetics, as part of a series of reductions aimed at balancing international trade.
Industry steels itself for change in next 5 years
2011-02-22 11:22:57
The China Iron and Steel Association said on Monday that steel mills in north and northeastern China should stop enlarging their production capacities during the 12th Five-Year-Period, as the industry prepares for large-scale changes.