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Investors discuss market trends at a brokerage in Fuyang, Anhui province. The National Development and Reform Commission will draw up a plan to curb “substantial” gains in medicine prices and curb profiteering. Lu Qijian
SHANGHAI – China Mainland stocks fell the most in three weeks as pharmaceutical, technology and consumer companies slumped on concern valuations [...]
The amount of foreign direct investment (FDI) into China in May rose by 27.48 percent year-on-year to $8.13 billion, said Yao Jian, spokesman of the Ministry of Commerce (MOC), Saturday.
The figure brought the country’s FDI to $38.92 billion in the first five months, an increase of 14.31 percent from a [...]
A worker checks product quality at a steel plant in Panzhihua, Sichuan province. By forcing steel mills to join hands, the Chinese government hopes they will be stronger force in talks with international miners. Xu Ruiping / for China Daily
Around 300m tons of capacity to close down in consolidation move
BEIJING – Around [...]
China’s Ministry of Finance (MOF) said Friday it will sell 28 billion yuan ($4.1 billion) of 30-year book-entry Treasury bonds next week.
The bonds will pay a fixed annual interest rate of 4.03 percent, the ministry said in a statement on its website.
Interest on the bonds will be paid semi-yearly from June [...]
A worker loads cargo at Fuzhou Changle International Airport in Fujian province. In spite of having the largest aircraft fleet among mainland carriers, China Southern is the least competitive in the cargo market. Zheng Shuai / for China Daily
Airline hopes alliance will help give it greater competitive edge
SHANGHAI – China Southern Airlines is set to [...]
June 9, The China Securities Regulatory Commission (CSRC), the country’s securities watchdog, has added five securities companies to a pilot scheme for margin trading and short selling.
Shenyin & Wanguo Securities Co. Ltd., Orient Securities Co. Ltd., China Merchants Securities Co. Ltd., Huatai Securities Co. Ltd. and China Galaxy Securities Co. Ltd. [...]
China’s construction boom is providing a lifeline for the world’s leading architecture firms, which have been hit hard by the economic crisis.
A model of the 632-meter-high Shanghai Tower. It is scheduled to be completed in 2014 and will be higher than the nearby Jin Mao Tower and Shanghai World Financial Center in the Pudong district [...]
American Eagle Outfitters Inc, the teen retailer with more than 1,000 stores in North America, will open stores in China starting next year through a franchise agreement.
The first three of a “series” of stores will open in early 2011 in Hong Kong, Beijing and Shanghai, in partnership with Dickson Concepts (International) Ltd, Pittsburgh-based American Eagle [...]
BEIJING: Home prices in 70 large and medium-sized Chinese cities rose by 12.4 percent year-on-year in May, the National Bureau of Statistics (NBS) said in a statement Thursday.
The growth rate was 0.4 percentage points lower than that of April, as property sales in first-tier cities, including, Beijing, Shanghai and Shenzhen, contracted following a string of [...]
China’s central bank has signed a bilateral currency swap agreement totaling 3.5 billion yuan ($513 million) with the Central Bank of Iceland.
The agreement has a three-year maturity and can be extended if both sides agree, according to the statement posted on the People’s Bank of China’s website Thursday.
The move aims to deepen financial cooperation between [...]
