China / Economy

CNOOC licensed to seek Arctic oil

[2014-03-04 03:40]

China National Offshore Oil Corp, the country's largest offshore oil and gas developer, has become the first Chinese firm licensed to seek oil in the Arctic.

ChiNext board gains popularity

[2014-03-03 21:23]

The number of overseas investors favoring the ChiNext board has grown significantly, although half of them believe its growth reflects a bubble that can burst, according to a report released by UBS Securities on Monday.

Health care on top of China's IPO world

[2014-03-03 21:23]

The average valuation of new shares in the health care sector in the A-share market hit a high of 36.6, with the greatest number in the information technology and industrial sectors, according to a report by the financial data and analytics platform ChinaScope that was released on Monday.

Aeon expands in Hubei and Guangdong

[2014-03-03 18:58]

The Aeon Group plans to open 15 shopping centers in Hubei and Guangdong provinces by the end of 2016.

Shanghai further promotes use of new-energy cars

[2014-03-03 18:41]

Shanghai will further promote the use of new-energy vehicles, with more than 10,000 new-energy cars and more than 6,000 charging posts by 2015, according to the Shanghai Municipal Commission of Economy and Informatization and the city's electric power company.

Greenland Group invests in Malaysia property market

[2014-03-03 18:41]

Shanghai-based Greenland Group is expanding its business to the Southeast Asian market by investing up to 20 billion yuan ($3.25 billion) in two Malaysian property projects, sources said.

Arrests approved for real estate company executives

[2014-03-03 15:19]

A local procuratorate in Liaoning province has approved the arrest of two senior executives of a real estate company for allegedly taking illegal investments, reported on Monday.

Guizhou aims to become big data hub

[2014-03-03 09:48]

Southwest China's Guizhou province is eyeing big data industry to beef up its lagging economy, local officials said on Saturday.

PE investors trickling back

[2014-03-03 03:55]

Private equity investors who quit Asia when earnings fell are returning with caution.

Chalco reverses losses in 2013

[2014-03-02 15:36]

The Aluminum Corporation of China Ltd. (Chalco), the listed arm of the country's largest maker of lightweight metal, said it made net profits of 948 million yuan (154.87 million U.S.dollars) in 2013, reversing heavy losses in 2012.

China now the world's top trader

[2014-03-02 09:04]

China replaced the United States to become the largest merchandise trader in 2013, a milestone in the country's trade expansion path.

China's yuan in record spot market fall

[2014-02-28 21:04]

China's yuan on Friday took its biggest tumble in the spot market since the reform of the exchange rate system in 2005.

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