Business / Industry Watch

China's M&A market reached 6-yr record in 2012

[2013-01-07 15:04]

China's mergers and acquisitions market saw a total of 3,555 deals in 2012, down 23 percent year-on-year.

2nd-hand car trade slows but market set to boom

[2013-01-05 10:22]

The year-on-year growth of China's second-hand car trade slowed in the first 11 months, but an expert said he believes the market is set to boom in 2013.

China's railway carries more passengers in Dec

[2013-01-04 09:26]

China's railway carries 140.52 million people in December of 2012, up 11 percent year on year, boosted by the newly-opened high-speed lines.

Movie ticket sales hit $2.69b last year

[2013-01-04 02:06]

China's box office revenue last year reached 16.8 billion yuan ($2.69 billion), up almost 30 percent year-on-year, with domestic films contributing less than half of the figure for the first time in four years.

116 courier firms' permits canceled

[2013-01-02 15:53]

Chinese postal authorities said the permits of 116 express delivery companies were canceled in 2012 and urged greater supervision of the booming sector.

Oil field produces 40 million tons for 10th year

[2013-01-02 14:15]

PetroChina Daqing Oilfield, a subsidiary of PetroChina, produced 40 million tonnes of crude oil in 2012, the China National Petroleum Corporation said.

State-owned cultural firms' profit hits $13.52b

[2013-01-01 10:58]

Profit of China's state-owned cultural enterprises hit 84.99 billion yuan ($13.52 billion) in 2011, up 21.7 percent year-on-year.

Pharmaceutical market to hit 2.3t yuan by '20

[2012-12-29 14:12]

China's pharmaceutical market is expected to soar to 2.3 trillion yuan ($369.2 billion) by 2020, up from 926.1 billion yuan this year.

Online gaming market revenue to hit $11b in '13

[2012-12-28 16:17]

The total revenue of China's online gaming industry is expected to hit 68.5 billion yuan ($11 billion) in 2013, driven by rapid expansion in the mobile games and browser games sectors.

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