China / Economy

Renminbi weakens for sixth day

[2014-02-26 03:58]

Chinese yuan slid for a sixth day, sparking speculation that the central bank aims to end the nearly decade-long trend of steady appreciation.

Sina Weibo mulls IPO 'relatively soon'

[2014-02-25 21:33]

Sina Weibo, China's version of Twitter, is planning a stock market listing in New York "relatively soon", a source told Xinhua on Tuesday.

Conference aims to boost co-op between China, Russia

[2014-02-25 20:27]

A conference on cooperation between regions along the middle and upper reaches of the Yangtze River in China and the Volga Federal District in Russia was held in Chongqing on Tuesday, aiming to deepen bilateral cooperation.

APEC Finance Ministers' Meeting to be held in Beijing

[2014-02-25 16:55]

The location of the 2014 Asia- Pacific Economic Cooperation (APEC) Finance Ministers' Meeting would be changed to Beijing from Hong Kong to facilitate logistics arrangements.

Shortage of labor hobbles hiring at Beijing businesses

[2014-02-25 08:26]

An acute Beijing labor shortage is hampering businesses, an employment specialist said, as a recent report showed that thousands of positions, especially in the tech and manufacturing sectors, are going unfilled.

Property rumors drive key index to two-week low

[2014-02-25 03:12]

China's A-share market sank to a two-week low on Monday, dragged down by falling property and banking shares amid rumors that banks have stopped extending loans to property-related companies.

Banks deny halting home loans

[2014-02-25 03:08]

Major commercial lenders denied on Monday that they had stopped extending credit to property developers or suspended loans to homebuyers.

Real estate price growth loses steam

[2014-02-25 00:02]

Growth in home prices continued to slow in January, adding to signs of a cooling property sector, official data showed on Monday.

Deregulation key to handle shadow banking

[2014-02-24 22:29]

In his first remarks on shadow banking this year, Zhou Xiaochuan, governor of the People's Bank of China, said on Feb 24 that China's shadow banking was not massive but it grew rapidly recently.

Kindle expands into China with new tablets

[2014-02-24 22:24] Inc launched its high-end Kindle tablets in China on Tuesday in a bid to win over young buyers and compete with Apple Inc and Samsung Electronics Co Ltd in the world's top mobile electronics market.

Aliyun and Neusoft strike cloud-computing deal

[2014-02-24 21:28]

Aliyun, the cloud computing affiliate of Alibaba Group Holdings Ltd, inked a partnership on Monday with Neusoft, one of China's largest IT solutions and services providers.

China's power use growth to slow in 2014

[2014-02-24 19:35]

China's power consumption growth is expected to slow this year, according to the China Electricity Council (CEC) on Monday.

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