Chinese shares open slightly lower Wednesday
2011-05-25 10:37:30
Chinese shares opened slightly lower Wednesday, with the benchmark Shanghai Composite Index down 0.09 percent to open at 2,764.56.
CICC to buy 35% of Zheshang
2011-05-25 10:35:59
China International Capital Corp (CICC), the nation's top-ranked investment bank last year, is set to become the first domestic securities firm to take control of a trust, said a person with direct knowledge of the matter.
Nestle plans expansion in China
2011-05-25 10:22:12
The Swiss food and beverage giant Nestle SA expects to announce expansion plans in China in the coming months, after boosting its seasoning production capacity in Dongguan, Guangdong province.
Yanzhou Coal targets $1.1 billion in initial sale
2011-05-25 10:17:33
Yanzhou Coal Mining Co, China's fourth-largest producer, may raise more than A$1 billion ($1.1 billion) in an initial share for at least a third of its Australian unit by the end of the year.
PBOC adviser: US clout impedes reform of IMF
2011-05-25 10:14:59
Emerging economies should have a say in who should take the helm of the International Monetary Fund, but overhauling the global agency is more important than the succession issue, an adviser to the People's Bank of China said on Tuesday.
Wenzhou denies manufacturing base is withering
2011-05-25 10:13:06
Municipal government officials in Wenzhou, Zhejiang province have denied speculation that the city faces the loss of its manufacturing base, as factories close and funds are diverted into capital investment.
Yuan rises near all-time high against USD Wednesday
2011-05-25 10:03:48
The Chinese currency renminbi, or the yuan, strengthened 89 basis points to 6.4949 per US dollar on Wednesday, approaching the all-time high of 9.4848 per US dollar set on May 11, according to the China Foreign Exchange Trading system.
Market exchange rates in China -- May 25
2011-05-25 09:59:24
Following are the central parity rates of the Chinese currency renminbi (RMB) against seven major currencies announced Wednesday by the China Foreign Exchange Trading System
Steel output may fall as power cuts loom
2011-05-25 09:49:54
The production of crude steel in China may start to drop in June, after peaking in early May, because of an impending power shortage, industry analysts said.
UK's rating is downgraded
2011-05-25 09:45:03
The United Kingdom's (UK) sovereign credit rating was downgraded on Tuesday by the Chinese domestic rating agency Dagong Global Credit Rating Co Ltd, citing the country's deteriorating debt repayment capability.
Intel posts possible future CEO to China
2011-05-25 09:44:00
If you were the big boss of a world renowned technology firm, where would you send your potential successor? For Paul Otellini, chief executive officer of the world's biggest chip maker Intel Corp, the answer is China.
China's cell phone users exceed 900m
2011-05-25 09:26:44
China's cell phone user grew by 41.39 million in the first four months of 2011 to 900.39 million in total, covering nearly two-thirds of the nation's population, according to the Ministry of Industry and Information Technology (MIIT).