China to close more small coal mines
2013-02-07 22:50:03
China plans to close about 5,000 small coal mines this year amid its efforts to improve production safety, the country's work safety regulator said on Thursday.
Standard Chartered renminbi index hit new high
2013-02-07 18:20:28
An index measuring the yuan’s global use posted another new high of 748 in December, due in part to a significant rebound in CNH deposits in Hong Kong, Standard Chartered Bank announced on Feb 7.
Tianjin short of skilled workers
2013-02-07 18:17:37
Tianjin’s Binhai New Area is short of 55 kinds of skilled workers this year, including safety inspectors and home appliance fixers, according to a list of technician shortages recently released.
China saw 87 M&A deals in January
2013-02-07 17:46:38
A total of 87 Chinese mergers and acquisitions were concluded in January with the total value of 80 disclosed deals reaching $2.89 billion.
Local government criticized for excessive investment
2013-02-07 17:38:03
A major State-owned bank has warned that some local governments might supercharge investment in the name of new urbanization.
Lumber extends rally as demand boosts imports
2013-02-07 16:19:36
Lumber futures rose by the maximum allowed by the Chicago Mercantile Exchange, capping the biggest four-session rally since 2010, on mounting speculation that new construction in China is boosting demand for imported wood.
Gold imports from HK last year climb to record
2013-02-07 16:17:05
Gold imports into the mainland from Hong Kong surged 94 percent to an all-time high last year as rising incomes in the world's second-largest economy underpinned increased demand and helped the metal to post a 12th annual gain.
Development of circular economy to get boost
2013-02-07 14:36:03
To further boost the development of China's circular economy, the government set up a target to raise the country's resource-utilization efficiency by 15 percent compared with the 2010 level, the State Council, or China's cabinet, said on Tuesday.
The rich tend to invest in housing, stocks
2013-02-07 11:24:47
Wealthy families in China are becoming increasingly willing to invest in real estate and the stock market, fueled by rising confidence in the economy.
Moving toward a world without cash
2013-02-07 10:57:44
Ling Hai has more than 10 bank cards in his wallet - all bearing the MasterCard logo but jointly issued with different Chinese banks.
China's central bank warns of inflation
2013-02-07 09:38:56
China's central bank warned of inflation, saying the influence of demand, labor supply changes and global monetary easing must be watched.