Datang International Power Generation Co Ltd (Datang Power) reported a 110 million yuan ($16.7 million) deficit last year, and sources said the deficit is a result of the high cost of thermal power generation, the 21st Century Business Herald reported Wednesday.
Foxconn Technology Group, the world's largest contract manufacturer of electronics parts, on Tuesday announced plan to recruit no fewer than 30,000 workers in Hubei province after the Spring Festival and also offer higher wages.
Three commercial banks in Beijing have abolished the 15 percent interest rate discount on first housing loans, the Beijing Times reported Tuesday.
Elion Resources has signed an agreement to partner with Tongliao of the Inner Mongolia autonomous region in developing an ecological economy in the Kerqin region. The signing ceremony was held on Tuesday in Beijing.
The Civil Aviation Administration of China (CAAC), Airbus and two Chinese aviation universities have agreed to continue to work together for a higher level performance engineer training course in China, following the implementation of the Ab Initio Performance Engineer training course, which was launched in 2008.
Bookings for dinner on the eve of Spring Festival, China's lunar new year, neared 10,000 on Monday, the Beijing News reported Tuesday.
China Datang Corp is poised to win China's first solar photo-thermal power plant project because the company offered a lower-than-expected price in its bid for the project, China Business News reported on Tuesday, citing an unnamed source.
The Australian mining company Riversdale Mining Ltd (RML) suspended talks of a takeover by Wuhan Iron and Steel Co (WISCO) over a Mozambican coalmine project, while another bidder, Rio Tinto Group, is likely to win the deal, National Business Daily reported Tuesday.
PetroChina has halted natural gas shipments to some downstream industrial users in North China this month to guarantee sufficient residential supplies, the National Business Daily reported Tuesday.
Chinese Academy of Sciences' Center for Forecasting Science predicted the average housing price per square meter could rise 12.77 percent year-on-year to 5,711.5 yuan ($867.6) in 2011, Ccstock.cn reported Monday.
China plans to invest about 2 trillion yuan ($303.8 billion) to build water resource facilities during the next five years, People's Daily reported Monday, citing an official from the country's top water resource planner.
China's overseas crude dependence ratio surpassed 55 percent, the Economic Information reported Monday, citing an industry report.