His dream is something that Ning Weihua often talks about. Born in Chashan in 1980, the 34-year-old left the impoverished village at age 12 and became a migrant worker in Guiyang and other surrounding cities. He started out washing dishes at a restaurant and went on to become a labor contractor for projects doing road construction and civil work, making him tens of millions of yuan.
Declines in bank deposits and new loans in July were mainly due to seasonal factors and not a cause for concern, according to financial analysts.
First half profits increase 19.6% on stronger economy, lower prices
Boosted by preferential policies, first-half output and sales of alternative-fuel vehicles exceeded the full-year figures for 2013, experts said on Tuesday.
Property brokerages' feud with Soufun Holdings Ltd deepened on Tuesday, with 13 brokerages launching a boycott in Shanghai against the country's biggest property information website over "exorbitant fees".
The government has approved two major rare earth producers to become conglomerates by the end of this year in order to further consolidate the rare resources, combat smuggling and alleviate overcapacity in production.
China bought 10,000 metric tons of rare earths in the last week, said two people familiar with the matter, as the country continues to stockpile the metals used in batteries and magnets amid international pressure to ease export quotas.
The domestic lead and zinc market may be affected by the earthquake in Ludian county in Yunnan province because of the disruption to transport and suspension of some mining operations, analysts said on Tuesday.
McDonald's Corp, working to resume sales of beef and chicken in China this week after a supplier was accused of repackaging old meat, said the situation is hurting its sales in Asia.
Nation way behind when it comes to donations of money and time
British premium vehicle producer Jaguar Land Rover China became the first company in the automotive industry to respond to the post-disaster relief effort to assist residents of earthquake-hit Zhaotong county, in Yunnan province, with the announcement on Tuesday of a donation of 5 million yuan ($809,592).
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
