Rate cuts to have little impact on lenders

The move by the People's Bank of China to further free up deposit rates will have a limited impact on lenders and not trigger any sharp increases in deposit costs, economists said.

IN BRIEF (Page 18)

TCL eyes more white goods sales to Middle East, Europe

TCL Corp, the leading Chinese home appliances maker, will start selling washing machines and refrigerators in the Middle East and Europe in a new push to boost its international presence.

CNOOC profit falls 56% in H1

CNOOC Ltd, China's biggest offshore oil and gas explorer, posted a 56 percent decline in profit for the first six months of this year.

Qihoo founder pins hopes on pamphlet

Latest offering will stand 'head and shoulders' above competition, insists Zhou Hongyi

CSRC steps up crackdown

The securities market regulator and police are cracking down on suspected violations of stock dealing rules and the fabrication of trading information, the latest step in a slew of measures to clean up markets amid wild exchange gyrations.

Cinda sole bidder for Nanyang Commercial Bank

China Cinda Asset Management Co was the sole bidder for Hong Kong lender Nanyang Commercial Bank Ltd in an auction that drew tepid interest amid China's cooling economy, according to sources close to the deal.

Warner forms China tie-up

Joint venture with CMC will develop local language movies

Coal hub seeks its place under the sun

Shanxi province, China's coal hub in the north, has charted a plan to replace "dirty" coal with cleaner energy sources like solar power due to the steep fall in commodity prices and the government's determination to reduce carbon emissions.

New markets to keep companies on growth path

Emerging markets have become the new strategic markets for solar firms after trade prospects in the European Union soured due to recent anti-dumping investigations against solar products from China, top executives of a leading solar firm said.

Major apparel brands bank on China for success

In the busy shopping area of Solana in Beijing's Chaoyang district, young women and men dressed in the latest fashion wander around the mix of foreign clothing stores carrying their latest purchases.

DSM to reduce 1,100 jobs amid slowdown

Royal DSM NV plans to cut as many as 1,100 jobs as a market slowdown prompts Chief Executive Officer Feike Sijbesma to cut costs at the Dutch maker of nutritional products, only months before he will update investors on his strategy for the nutrition division.