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Taobao expects business to keep growing

2011-01-07 10:59:48

China's largest online shopping site Taobao.com said its total business-to-customer (B2C) sales quadrupled in 2010 from 2009, and the B2C business is likely to maintain such a growth rate in the following years.

Red culture used in mental therapy

2011-01-06 15:07:18

A mental rehabilitation hospital in Southwest China's Chongqing seeks to help patients recover through red culture, media reported.

China spends $91b on overseas M&As in 3 yrs

2011-01-06 14:30:45

Chinese companies had invested over 600 billion yuan ($91 billion) in overseas M&A deals from January 2008 to June 2010, 21st Century Business Herald reported Thursday, citing data from a well-known consultation agency.

Slower CPI growth expected for Dec 2010

2011-01-06 14:29:23

China's consumer price index (CPI), a major gauge of inflation, is expected to have grown at a slower pace in December 2010.

3 held for selling mentally ill workers

2011-01-06 14:24:19

Three people were detained for exploiting mentally challenged workers in Quxian county, Southwest China’s Sichuan province, and six officials involved in the case were held accountable, the local official website reported Wednesday.

Cell phone smuggler seized at port

2011-01-06 14:16:35

A man carrying 95 mobiles phones and five tablet computers was stopped at a border checkpoint in Shenzhen.

2 of 3 Chinese to be overweight in 20 years: survey

2011-01-06 14:00:55

The prevalence of obesity and related chronic diseases will significantly increase in China in the next 10 to 20 years, and two of every three Chinese may become overweight if no actions are taken.

Sophomore pays tuition by posing nude

2011-01-06 13:39:15

A college student paid her tuition fees by posing as in naked model portraits, sparking a heated discussion online, Beijing News reported on Jan 5.

Beijing to build 1b-euro seven-star hotel

2011-01-06 11:33:22

Beijing's western Mengtougou district announced at a press conference Wednesday that it plans to cooperate with Saudi Arabia to build a seven-star hotel, Beijing Morning Post reported Thursday.

China to pilot state forest industry reform

2011-01-05 20:20:58

China plans to reform the state-owned forest industry in 2011 in some pilot provinces as a way to improve the national ecological system and develop the troubled lumber industry

China Gas execs detained on embezzlement charge

2011-01-05 17:26:27

China Gas announced on Jan 4 that two of the company's top executives were detained on charges of "functionary embezzlement" on Dec 17, 2010, the China Business News reported Wednesday.

Chinese steel mills pay $26b more for iron ore imports

2011-01-05 17:16:18

The Chinese steel industry paid much more for iron ore imports last year because of the soaring prices, resulting in lower profitability or even losses for some steel makers the Economic Information Daily reported Wednesday, citing information from an internal industry meeting.