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BMW's sales in China jumped 72 percent in the first quarter as a growing army of super-rich in the country fuels demand for luxuries such as Gucci handbags and Rolls-Royce cars.
China South Locomotive & Rolling Stock Corporation Ltd (CSR), has won orders valued at about 7.33 billion yuan ($1.13 billion), equal to 11.3 percent of its total 2010 revenue.
Chinese property developer Shimao Property Holdings Ltd said on Wednesday that it is eyeing a spinoff of its hotel, tourism and leisure property business on the Hong Kong Stock Exchange, but no formal application has been submitted.
Wenzhou, the birthplace of China's private economy, has become a hotbed of enterprising business people whose collective investments have moved the price of land and commodities in cities and towns around the country.
China, after supplying the world with cheap household products for almost three decades, could soon be offering New Zealanders a roof over their heads too.
The power shortage has swept a large part of the country, especially in the eastern and southern regions, as the demand rose considerably months ahead of the summer peak.
Shanda Games Ltd, the Chinese maker of such video games as "Mir 2" and "Woool", plans to expand in the United States, South Korea and Japan this year, as its business matures in its home country.
Shanghai Pharmaceuticals Holding Co is raising $550 million from investors including Temasek Holdings Pte and Pfizer Inc to fund acquisitions in the world's fastest-growing major economy.
The highly anticipated initial public offering of Renren Inc, one of China's largest social networks, will be delayed until Wednesday, sources familiar with the deal said on Tuesday.
Yahoo! Inc shares rose after the hedge fund Greenlight Capital Inc announced that it bought a stake in the Web portal, attracted by Yahoo's investment in China-based Alibaba Group Holding Ltd.
The demand for auto sheet is set to recover from a decline in auto production caused by the recent Japanese earthquake, as domestic carmakers import components from the country, said a senior executive from Baoshan Iron and Steel Corp (Baosteel) on Tuesday.
The Zijin Mining Group, one of China's biggest gold producers, has been ordered to pay 30 million yuan ($4.62 million) by a local court in Fujian province for a toxic spill last year that caused severe environmental pollution.
