China / Economy

Bayer to add HDI capacity in Shanghai

[2014-03-24 19:32]

Bayer MaterialScience, a subgroup of the Bayer Group, plans to add a 50,000-metric-ton per year hexamethylene diisocyanate production unit to its existing integrated site in Shanghai to meet the rising need for high-performance end products.

SAIC fines direct-selling company, Nu Skin

[2014-03-24 18:23]

US-based direct-selling company Nu Skin has been fined 3.26 million yuan ($525,950) for distributing products that were not registered for direct sale, the State Administration for Industry and Commerce said on Monday.

Baosteel works to improve loan system

[2014-03-24 18:20]

China's steel giant, Baosteel, announced on Sunday night that it plans to invest up to 50 million yuan ($8 million) to set up a joint venture with Shanghai Ganglian E-commerce Holdings in a bid to improve chattel mortgages in the industry.

China allows market to deal with overcapacity

[2014-03-24 15:00]

Market forces will reduce China's industrial overcapacity, Su Bo, Vice Minister of Industry and Information Technology, said here on Monday.

China to continue drive to modernize energy industry

[2014-03-24 08:03]

Premier Li Keqiang maintains China's stance on reducing climate change, but says it is not an excuse for slowing down pace of industrial restructuring.

Chinese Premier urges energy saving, emission cut

[2014-03-23 21:25]

Chinese Premier Li Keqiang urged further work on saving energy and reducing emissions, according to an official statement released Sunday.

Report: NSA targeted Chinese tech giant Huawei

[2014-03-23 17:17]

US intelligence agencies hacked into the email servers of the Chinese tech giant 5 years ago, fearing it a threat to US national security, media say.

China's reform fosters new growth impetus: vice premier

[2014-03-23 17:22]

Deepening reform in China will foster new impetus for economic growth and provide room and opportunity for the world economy, Vice Premier Zhang Gaoli said Sunday.

China to start new economic journey: Lagarde

[2014-03-23 14:41]

This new transformation will come with three key dimensions -- a firm destination, a clear roadmap and a deep sense of global responsibility.

Urbanization can close China's income gap: OECD economist

[2014-03-23 09:47]

Rapid urbanization can fuel inclusive growth and a more equitable income distribution, said Margit Molnar, economist of OECD.

China to launch unified property registration

[2014-03-23 07:49]

Plan to launch unified national real estate registration this year to regulate the market and push forward urbanization.

30m more homes to have fiber optic connection

[2014-03-23 07:23]

Move will bring the users benefiting from the country's Fiber-To-The-Home program to nearly 200 million by the end of this year.

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