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Internet firms vow to fight fair online

2011-05-17 10:14:50

Representatives from 140 portals and websites signed a self-discipline pact Monday in Beijing, which vows to protest against illegal public relations on the Internet, xinhuanets.com reported.

E China runs short of power as summer nears

2011-05-16 21:35:07

With the summer heat drawing near, East China's Zhejiang province is reportedly experiencing the worst power outages in seven years, which is disrupting people's lives and squeezing industrial production.

Chinese pop song writer gets license revoked

2011-05-16 19:47:16

Famous Chinese pop star Gao Xiaosong has had his driving license revoked for drunk driving, CCTV reports.

Carlyle makes first deal with RMB fund

2011-05-16 16:12:26

The Carlyle Group closed its second round of fundraising for its RMB-based fund in Beijing and signed a deal in the communications sector, David Rubenstein, co-founder and managing director of the global private equity fund, said Monday.

China's nuclear projects approval to be restarted

2011-05-16 16:02:12

Examination and approval of China’s nuclear projects may restart soon, but access standards will likely be enhanced, China Business News (CBN) reported Monday.

China banks' capital adequacy ratio falls in Q1

2011-05-16 14:44:55

The average capital adequacy ratio of China's banking system fell to 11.8 percent by the end of March, down 0.4 percentage point from the last quarter of 2010, the China Securities Journal reported, citing statistics from the China Banking Regulatory Commission (CBRC).

Economist says China trade surplus will dip in 2011

2011-05-16 13:03:48

China's trade surplus might go down to about $100 billion this year, and the country should keep reducing the percentage of GDP made up by trade, China Securities Journal cited Li Daokui, an adviser to the Chinese central bank's monetary policy committee, as saying.

90% county-maintained hospitals in debt

2011-05-16 10:56:10

The director of Chinese Hospital Association, Cao Ronggui says that 90% of county-maintained hospitals are in debt, on a forum for hospital directors.

China to set limits on new-energy JVs

2011-05-13 15:16:12

China plans to limit foreign investors' investment proportion in new projects for key components of new-energy vehicles to under 50 percent, the National Business Daily (NBD) reported.

China's PLA develops own military game

2011-05-13 14:39:00

Chinese People's Liberation Army (PLA) officers and soldiers will soon have the chance to play the army's first self-developed military game, as it finishes the main development and is in the debugging process.

March buy of Japanese bonds biggest since 2005

2011-05-13 14:18:32

China purchased a net 234.5 billion yen ($2.9 billion) in long-term Japanese bonds in March, the biggest amount since January 2005, China Business News reported Friday, citing latest data released by Japan's Ministry of Finance.

Coke sizes down to avoid rising costs

2011-05-13 14:10:30

Beverage giants Coca Cola and Pepsi have avoided raising prices in China by reducing the size of their packaging, the Beijing Morning Post reported on Thursday.