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China / Economy

China Telecom kicks off TD-LTE 4G service

[2014-02-14 17:48]

China Telecom Corp Ltd, the third-largest telecom carrier in the country, officially started its TD-LTE 4G project on Friday despite a failure to yet attain a FDD-LTE standard license, in a move to compete with its leading rival China Mobile Ltd in the early stage of the new era.

Chinese luxury spending drops 19% during festival

[2014-02-14 10:38]

Chinese people spent $6.9 billion overseas on luxury goods during the seven-day Spring Festival holiday(Jan 31 - Feb 6), a drop of 18.8 percent from last year.

China's inflation up 2.5% in January

[2014-02-14 09:55]

Food prices increased by 3.7% in China in January compared to last year, according to official data released on Friday.

Police crack 150,000 economic cases

[2014-02-14 04:05]

Chinese police tied up 149,800 cases of economic crime in 2013, with 49.3 billion yuan ($8.1 billion) recovered, the Ministry of Public Security said on Thursday.

Horse betting, a potential business in China?

[2014-02-14 02:37]

Europe's largest horse-race betting operator PMU is keeping a close eye on China's equestrian industry.

Chinese companies tap island casino investment

[2014-02-14 02:00]

Several Chinese listed companies have announced plans to enter the gambling industry through offshore investment.

Increased imports for copper, crude oil and iron ore

[2014-02-14 01:45]

Driven by economic growth and a need to restock, China's imports for crude oil and key commodities surged to a record high in the first month of the year.

Big Four units appeal US auditing ruling

[2014-02-14 01:33]

Move comes after a Securities and Exchange Commission’s judge suspends them from providing audit services in America for six months.

Ping An vows its Jahwa stake won't be sold

[2014-02-13 22:29]

Ping An Insurance Company of China Ltd has promised not to sell its controlling stake in Shanghai Jahwa United Co Ltd, according to a statement issued by Jahwa on Thursday.

Trusts managed $1.8t by end of 2013

[2014-02-13 22:27]

Assets managed by Chinese trust companies totaled 10.9 trillion yuan ($1.8 trillion) by the end of 2013, increasing 46 percent year-on-year, according to a report by the China Trustee Association.

China's IPOs raise nearly $5 billion

[2014-02-13 22:25]

China's latest round of initial public offerings has raised more than 30 billion yuan ($4.9 billion) with underwriters accruing 1.5 billion yuan in fee.s

Govt to improve bandwidth in Shanghai FTZ

[2014-02-13 22:11]

The Shanghai government plans to widen Internet bandwidth in the Shanghai Free Trade Zone, set up last year to spearhead China's economic reforms.

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