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Ice and Snow World heats up Harbin's economy

[2017-02-21 07:43]

A total of 240,000 people visited the Ice and Snow World in Harbin, capital of Heilongjiang province, during the recent Spring Festival holiday (Jan 27-Feb 2), up 20 percent on the same time last year, according to local government data.

BYD electric taxi fleet to start engines in Singapore

[2017-02-21 07:43]

New energy vehicle producer BYD Co Ltd announced that it has supplied 100 electric taxis to a new company which is launching its operations in Singapore on Feb 24, bringing the nation its first fully-electric taxi fleet.

City cluster program gets bank's backing

[2017-02-21 07:43]

Programs to support the coordinated development of Beijing, Tianjin and Hebei province - into a planned new city cluster expected to fuel the growth of the whole Bohai Bay area in the coming decades - will get the backing of Tianjin's banking sector, senior financial officials from the region said.

Chongqing aims to be a pivot in effort to boost western region's development

[2017-02-21 07:43]

As the latest addition to China's Free Trade Zone project, Chongqing will focus on policy innovation to become a pivot in the country's Go-West campaign - the national effort to develop the vast western regions, home to energy and mineral resources crucial to its future growth - according to its FTZ development blueprint.

Mobike pumped up with investment from Temasek

[2017-02-21 07:43]

Chinese bike-sharing startup Mobike announced on Monday it has received a strategic investment injection from Singaporean company Temasek Holdings, as it is locked in a fierce battle with Ofo for dominance in China.

Lakala says it will try again at listing

[2017-02-21 07:43]

China's third-party payment firm Lakala is seeking an initial public offering again despite last year's setback, its board Chairman Sun Taoran has revealed.

JPMorgan says panda bond sales to grow, diversify

[2017-02-21 07:43]

JPMorgan Chase & Co and BNP Paribas SA have said foreign companies will sell more yuan bonds in China this year, after the government started allowing the two banks to underwrite corporate notes last month.

No relief for banks from costs, rates

[2017-02-20 07:20]

China's drive to reduce financial system risks is squeezing the nation's banks. Caught between policymakers' intensifying efforts to raise short-term borrowing costs, and benchmark interest rates that haven't moved since 2015, Chinese lenders have few options but to absorb much of the higher costs.

Row filters user mood for beautifying app

[2017-02-20 07:20]

To its users, the photo app Meitu is an online surgery. It allows them to enhance how they look: thinner, bigger eyes, no wrinkles, even whiter.

China backs Australia's cleaner iron ore project

[2017-02-20 07:20]

Chinese engineers who carved a railway through the Qinghai-Tibet Plateau and built the world's longest sea-bridge across Hangzhou Bay have a new challenge: developing a $3.4 billion project on Australia's remote Eyre Peninsula to meet increased demand for cleaner iron ore.

Tight liquidity, regulations to hit Shenzhen SME board

[2017-02-20 07:20]

The overall performance of the Shenzhen small-and-medium enterprise board and the Nasdaq-style ChiNext board will be weaker in the first half of 2017 in the face of tightening liquidity and stricter regulation, experts said.

Analysts debunk poor valuations of developers

[2017-02-20 07:20]

China's property developers are in far better shape than their rock-bottom stock valuations would have you believe. So say top analysts from firms including Goldman Sachs Group Inc and Citigroup Inc.

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