China Int'l carpet exhibition gathers 4,000 visitors
2011-06-21 14:31:21
More than 4,000 business people from home and abroad have gathered in Xining, capital of northwest China's Qinghai Province, to attend the annual Qinghai International Carpet Exhibition.
Ejiao maker intent on leaping hair and hide into health food
2011-06-21 14:31:06
Shandong Dong E E Jiao Co Ltd, the largest Chinese ejiao maker by market share, wants to boost its health food business in order to grab a big slice of the promising industry, the company said on Monday in Beijing.
China's farm produce prices up last week
2011-06-21 14:30:27
Prices for Chinese farm produce gained slightly last week, the Ministry of Commerce (MOC) said on Tuesday.
Expert predicts rate rise in July
2011-06-21 13:44:31
Lu Zhengwei, an economist at Industrial Bank Ltd who has successfully predicted the central bank's tightening moves on 13 consecutive occasions, said on Monday that China is likely to raise interest rates again in July.
Cost of license plates soars
2011-06-21 13:44:12
The price of private vehicle license plates in Shanghai soared to a three-year high of 48,855 yuan ($7,544) on June 18, rising 1,155 yuan from May's figure amid worries over tighter rules on car ownership.
Suning plans to go global in next 10 years
2011-06-21 13:43:49
Suning Appliance Co, China's largest home appliance retailer by sales volume, plans to open more stores, increase online sales and expand in overseas markets, company executives said.
Softbank CEO says deal with Alibaba is due 'soon'
2011-06-21 13:43:18
Softbank expects to reach an agreement "soon" with Alibaba Group over ownership of China's leading e-payment provider, Alipay, the Japanese mobile carrier's CEO said on Monday.
ING looks to expand banking business
2011-06-21 11:12:21
The Dutch bancassurer ING Group NV plans to pin the growth of its Chinese banking business on servicing the accelerating expansion of Chinese companies overseas and European companies in China.
Stocks slide to nine-month low on rate-rise concern
2011-06-21 11:12:03
Stocks on the Chinese mainland fell to the lowest level in almost nine months on Monday. That's after Nomura Holdings Inc forecast the Chinese central bank will raise interest rates and Credit Suisse Group AG said the country is heading for a "sluggish landing".
BYD lowers IPO income hopes
2011-06-21 10:50:51
BYD Co, the Chinese automaker backed by Warren Buffett, said it will raise 1.42 billion yuan ($219 million) in its Shenzhen, China share sale, less than the company originally sought.
China 1-day Shibor rises most in 5 months
2011-06-21 10:47:36
China's one-day Shanghai interbank offered rate, or Shibor, surged the most in five months on speculation cash supplies will become tighter as redemptions of central bank bills decline this week.
PE investment rules to be eased soon
2011-06-21 10:40:03
China will soon loosen restrictions on domestic securities brokerages engaging in private equity (PE) investment despite investors' concerns that they may manipulate the market by pushing up initial public offering prices to reap exorbitant profits as prefloat investors.