InfoGraphic

Money

  • First offshore RMB CD issued in Macao

    Macao Branch of BOC (Bank of China) announced Monday the issuance of the inaugural offshore renminbi Certificate of Deposit (RMB CD), the first of its kind in Macao, totaling to 1 billion yuan ($151 million).
  • ICBC sets tone as it takes over US bank

    Industrial and Commercial Bank of China Ltd (ICBC) has agreed the first Chinese takeover of a US retail bank, boosting financial ties between the world's two largest economies as President Hu Jintao concluded a four-day visit to the nation.
  • Bonds beat stocks in early year trade

    Chinese companies have raised over three times more from bonds than from equities so far this year. The figures indicate a record start for the debt market as government efforts to restrain inflation curbed access to loans and the stock market.

Energy

  • Sinopec net profits soar on oil price rises

    China Petrochemical Corp (Sinopec Group), Asia's largest oil refiner by capacity, is expected to report a more than 100 billion yuan ($15 billion) net profit in 2010, as surging oil prices pushed up its performance in the upstream sector.
  • PetroChina halts gas shipments to industry

    PetroChina has halted natural gas shipments to some downstream industrial users in North China this month to guarantee sufficient residential supplies, the National Business Daily reported Tuesday.
  • Overseas oil dependence ratio surpasses 55%

    China's overseas crude dependence ratio surpassed 55 percent, the Economic Information reported Monday, citing an industry report.

Technology

Specials

China Economy by Numbers - December

China's GDP growth jumped 10.3 percent year-on-year in 2010, boosted by a faster-than-expected 9.8 percent expansion in the fourth quarter.

A tale of the necktie city

Shengzhou, a city in East China's Zhejiang province, produces about 60 percent of the world's neckties and 90 percent of those destined for the domestic market.

Pet businesses

Pets are the ultimate companion. They are said to be man’s best friends.

Columnists

Try putting yourself in China's shoes
Weathering storms to chart common course
Good deed reveals our true nature
Meet the parents, or pay the price

ICBC sets tone as it takes over US bank

Industrial and Commercial Bank of China Ltd (ICBC) has agreed the first Chinese takeover of a US retail bank, boosting financial ties between the world's two largest economies as President Hu Jintao concluded a four-day visit to the nation.

New rules for IPOs as share prices slide?

The latest wave of new shares dropping below their initial public offering (IPO) prices on the A-share market may prompt the securities regulator to implement new rules to further reform the IPO pricing system, analysts said.

Bonds beat stocks in early year trade

Chinese companies have raised over three times more from bonds than from equities so far this year. The figures indicate a record start for the debt market as government efforts to restrain inflation curbed access to loans and the stock market.

Nation 'unlikely' to reduce export rebates

China expects to maintain the stability of its export-related policy, and it is "highly unlikely" that the country will reduce export rebates for highly polluting and energy-intensive industries "during the first half", said a senior Ministry of Commerce (MOFCOM) official.

Economy

Companies

  • Spring Airlines readies listing

    Spring Airlines Co Ltd, the nation's only budget carrier, has started preparations for going public in Shanghai, showing the capital market's recognition of the private carrier's business performance.
  • CNR to deliver high-load freight cars

    China CNR Corp signed an agreement with Australian miner Fortescue Metals Group Ltd (FMG) to deliver the world's largest railway freight cars to Australia, advancing the high-end market.

Green China

  • China to auction 8 shale gas blocks in Q1

    China will auction eight shale gas exploration blocks in the first quarter of this year, two more than first planned and months later than originally scheduled for November last year, a ministry official said on Thursday.
  • China steps on the gas for energy

    China will spend an average of 500 million yuan ($74.6 million) each year on exploring oil and gas resources over the next two decades to counter the country's growing dependence on imported energy.

Cars

  • GM sold more cars in China than in US last year

    General Motors Co sold more vehicles in China than it did in the United States last year, marking the first time a foreign market has outpaced the automaker 's domestic sales in its 102-year history.
  • Guangzhou to curb government car use

    Guangdong's provincial capital will not restrict vehicle registrations in new measures to curb traffic congestion, a senior provincial official said on Sunday.

Today's Paper

Setting tone

China's largest bank is to acquire 80 percent of a Bank of East Asia's US unit.

Secret of the bamboo code
True flavor of dedication
Ready to serve

USA Edition PDF

Newsmaker

The Smurfs return to China
Beijing mayor vows to end capital's traffic jams
Former deputy director of China's drug watchdog sacked

IPR

Measures aimed at copyright pirates