Chinese conglomerate Fosun International Ltd said on Thursday it will invest in a 46.2 billion yuan ($6.92 billion) public-private partnership project to build a high-speed rail link, becoming the first private firm to take part in a high-speed rail project.
The Organization of Petroleum Exporting Countries, or OPEC, made a decision to cut daily oil output by 700,000 barrels.
Hong Kong stocks rose for a third day as energy companies surged after OPEC agreed to a preliminary deal that will cut output for the first time in eight years. At the same time, property developers retreated.
Chinese listed companies are chasing insurance licenses, hoping to gain low-cost capital amid the economic slowdown.
China's top economic regulator - the National Development and Reform Commission - gave the greenlight to bring back onstream some frozen coal production capacity in order to head off coal prices rising excessively, it announced on Wednesday.
With the National Day holiday (Oct 1-7) just around the corner, tourist industry chiefs on Wednesday voiced concerns that Hong Kong would continue to suffer from shrinking mainland visitors, after a brief rebound in July, to resume the past 12 months of dwindling numbers.
Origin Energy Ltd, the Sydney-based energy producer and retailer, has received expressions of interest from at least five Chinese suitors for the sale of its Australian Stockyard Hill wind farm project, company sources said.
Guangzhou-based automaker GAC Motor Co Ltd on Wednesday began major renovations of its assembly plant in Hangzhou, capital of Zhejiang province, in a push to expand production capacity following substantial sales growth.
China Evergrande, one of the Chinese mainland's top two real estate companies, has decided to sell all of its non-core businesses in the grain and oil, dairy products and spring water sectors for the aggregate price of 2.7 billion yuan ($409 million), in order to put more focus on its property development business, as mainland house prices are going wild recently.
China stocks weakened on Wednesday despite strength in property shares, with thin trading indicating investors' reluctance to participate days ahead of the weeklong National Day holiday that starts on Oct 1.
China's wealthy are flocking to investment products that buy bank-issued securities and soup up returns using leverage. That is, they use borrowed funds to buy additional securities. If the securities end up with a higher rate of return than the borrowed funds, then the investment product can make high returns.
As a child growing up in a poor rural area in Jiangsu province, Chinese writer Xu Zechen had nothing to read but a magazine targeted at mature readers and a semimonthly on politics, both subscribed by his grandfather.
|
|
|
|
|
|
|
|
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
