China's coal output and sales contracted in the first seven months amid weak demand, adding pressure on the industry to undertake structural adjustments, the China National Coal Association said.
The 7.2 billion yuan ($1.17 billion) mishap of Everbright Securities Co Ltd last Friday has not only left behind a host of trade-related problems but also raised issues that point to the inadequacies in the capital market mechanism and regulatory framework.
The mainland's stock market rose moderately on Monday, with brokerages falling after a trading error at Everbright Securities Co Ltd last Friday caused market gyrations.
A rumor has spread that a Taiwan team working for Everbright Securities Co Ltd was responsible for the trading error that triggered a surge in the mainland's stock market on Friday by placing a wrong order in the system, the 21st Century Business Herald reported.
China Telecom Corp Ltd, the nation's biggest fixed line network operator and third-largest mobile service provider, formed a joint venture with Chinese Internet company NetEase Inc on Monday to launch a mobile chatting tool called Yixin.
Despite the tepid performance of China Commercial Credit Inc's shares after the company's debut on Nasdaq, fans and customers in the company's native city in Jiangsu province are hoping that the listing will indirectly benefit the many cash-starved small companies in the region.
A relatively sluggish economy in the Pearl River Delta region and rapid urbanization in inland areas have led to a decline of migrant workers in Guangdong province in the first half of the year, according to industrial sources.
Longfor Properties Co Ltd expressed confidence on Monday in meeting its full-year sales target, as strong demand drove a sharp rebound in the property market.
Patricia Thornton believes many make the mistake of viewing China through a Western prism.
Acquiring low-priced overseas assets and exiting some mature businesses is Hong Kong-based conglomerate Hutchison Whampoa Ltd's strategy to maintain sustained growth for the year.
Although Tesco Plc's spacious stores are well-lit and spotlessly clean with wares tastefully displayed, Helen Wang seldom shops there. Wang, 32, of Beijing, prefers to buy most of her groceries at Wumart Stores Inc, a Beijing-based chain, where she can easily find fresh delicacies including raw chicken feet, which are always heaped on a table, or cheap vegetables.
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