Hangzhou: Pilot city for a greener future
2011-05-30 11:14:03
Amid increasing calls from the Chinese government for more environmentally friendly growth to transform its economic structure, Hangzhou, the capital city of East China's Zhejiang province, is aggressively promoting its outsourcing service industry.
No more free plastic bags in bookstores, drugstores
2011-05-30 11:10:32
China will expand its ban that prohibits shops from giving out free plastic bags and will increase efforts against their use in order to reduce environmental pollution, a senior government official said Saturday.
Central Asia Pipeline delivers 10b cu m gas to China
2011-05-30 11:05:25
The Central Asia Gas Pipeline has delivered 10 billion cubic meters of natural gas to China as of Saturday since becoming operation in December 2009, according to local authorities.
China's external financial assets at $4.126t
2011-05-30 11:00:19
China's external financial assets expanded 19 percent from a year earlier to $4.126 trillion by the end of 2010, boosted by its increased foreign exchange reserves and overseas investment.
China 'not manipulating currency' - US Treasury report
2011-05-30 10:57:08
The United States Treasury Department said on Friday in a report that China was not manipulating its currency.
No change in upward trend for oil prices
2011-05-30 10:53:29
The oil price is the foundation for inflation in expanding economies. The collapse of the typhoon flag pattern on the weekly oil chart is not a signal of a change in the trend for oil prices. The fall from near $114 to below $100 is a correction in the oil price, but it is not a change in the trend. This behavior sets a higher price target for oil as the upward trend continues.
Cycle makers eye the high end market
2011-05-30 10:48:05
Bicycle manufacturers are keeping a close eye on the high-end market in China after industry experts said the sector is the only way for them to enjoy long-term development.
Honda: Pre-quake production by August
2011-05-30 10:37:34
Honda Motor Co recently announced that its two car joint ventures in China will recover in three months to pre-earthquake production levels or even beyond.
Reports: Chery-Subaru linkup likely
2011-05-30 10:33:28
Domestic carmaker Chery Automobile Co and Japan's Fuji Heavy Industries have agreed in principle to build Subaru vehicles in China and are now seeking approval from regulators, Reuters reported recently.
Yuan up to new high at 6.4856 per USD Monday
2011-05-30 10:29:51
The Chinese currency Renminbi, or the yuan,strengthened 42 basis points to an all-time high at 6.4856 per US dollar on Monday, according to the China Foreign Exchange Trading system.
Hong Kong stocks open flat
2011-05-30 10:26:43
Hong Kong stocks went down 0.27 points, or 0.001 percent, to open at 23,117.80 on Monday.
TV shopping moves upmarket to sell high-end products
2011-05-30 10:24:58
Many television shopping programs have mushroomed in recent years and they are moving upmarket to sell gold, cars and even houses, rather than selling cheap goods.