China / Economy

Shanghai lender reportedly to buy trust company

[2014-03-17 21:44]

Shanghai Pudong Development Bank Co Ltd, the listed State-owned lender, will be suspended from trading as of March 17 in reported preparation to acquire Shanghai International Trust Co Ltd.

Chinese locomotive maker wins $2 billion bid

[2014-03-17 20:53]

CSR Zhuzhou Electric Locomotive Co, a Chinese train manufacturer, announced on Monday that it has won a bid to provide $2 billion worth of electric locomotives to South Africa.

Twitter CEO makes first China visit

[2014-03-17 19:40]

As Dick Costolo, chief executive officer of Twitter, starts his visit in Shanghai, the company denies he is here to discuss entering the country's market.

CNR signs tramcar contracts with Ethiopia

[2014-03-17 15:59]

Chinese train manufacturer CNR Corporation (CNR) has signed contracts with Ethiopia to provide 41 modern tramcars, marking the entry of Chinese tramcars into Africa, CNR said Monday.

China, S.Korea start 10th FTA talks

[2014-03-17 14:02]

China and South Korea started the 10th round of negotiation on the bilateral free trade agreement (FTA) in Ilsan, north of Seoul, on Monday.

Alibaba confirms IPO in US

[2014-03-16 16:20]

China's e-commerce giant does not give a timetable or specify which bourse, but analysts say it would be the world's biggest IPO since Facebook in 2012.

China doubles yuan trading band

[2014-03-16 07:07]

People's Bank of China announced on Saturday that it will widen the daily trading band for the Chinese currency against the US dollar to 2 percent from the official midpoint effective March 17.

Illegal medical device websites exposed

[2014-03-14 16:55]

China's food and drug watchdog has blacklisted ten websites for publicizing false information on medical devices.

China's economy on right path, US expert says

[2014-03-14 03:20]

The recent economic growth target of 7.5 percent and reform policies are proof that China's "dynamic and flexible" economy is on track.

Jan, Feb figures show chill in economy

[2014-03-14 02:25]

The rapid deceleration of China's economic growth indicators in the year's first two months shocked the market, as industrial output, fixed-asset investment and retail sales all dropped to unusual lows.

Alibaba invests in outbound visa service ByeCity

[2014-03-13 22:06]

ByeCity, a leading outbound travel service provider, announced on Wednesday that it secured nearly $20 million in its second round of financing from Alibaba Group Holding Ltd and CBC Capital, a private equity in China.

Le Vision Pictures plans to release 15 movies this year

[2014-03-13 21:42]

Le Vision Pictures (Beijing) Co Ltd, one of China's leading private film companies, announced on Thursday that it plans to release 15 movies this year with the aim of generating 3 billion yuan ($489 million) in box office revenues.

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