COSCO reports H1 loss of $432 million
2011-08-27 09:33:18
China COSCO (Ocean Shipping Group Co) Holdings Company reported a loss of 271 billion yuan ($432 million) for the first half of 2011
Markets set to rise, CICC chairman
2011-08-27 09:19:56
China's stock market is approaching its bottom, as the recent slump was triggered by the turmoil in the global capital market rather than a domestic slowdown.
Surging economy boosting airlines
2011-08-27 10:18:54
China Southern Airlines Co boosted first-half profit 33 percent as a result of rising domestic travel and a stronger yuan. Air China Ltd's earnings fell on a smaller contribution from its stake in Cathay Pacific Airways Ltd.
China to stick to controlling property market
2011-08-26 09:17:05
China will continue to implement macro-control policies on its property sector, a senior official said Thursday.
China raises funding to boost grain security
2011-08-26 09:32:29
The Chinese Ministry of Finance (MOF) said that it has added 4.4 billion yuan in subsidies to the Grain Risk Fund to boost the country's grain security
China's rail firms post shrinking profits
2011-08-26 09:31:26
Many Chinese companies in railway-related industries posted shrinking first-half profits due to waning investment in the country's railway sector.
China's top five banks' total assets down
2011-08-26 09:01:08
China's top five banks reported a total of 48.99 trillion yuan in total assets as of the end of July, 1.23 trillion yuan less than that of June
ICBC stays on overseas expansion track
2011-08-26 09:25:15
Industrial & Commercial Bank of China Ltd (ICBC) said on Thursday that it would continue expanding overseas despite increasingly uncertain global financial markets.
Huawei leads top 500 Chinese private firms 2010
2011-08-26 09:10:07
Huawei ranked first among China's top 500 non-State owned firms in 2010 with a business revenue of 185.2 billion yuan ($28.9 billion), a survey released Thursday shows.
Agricultural Bank reports 45% rise in H1 net profits
2011-08-26 08:53:46
The Agricultural Bank of China, one of China's biggest state-owned banks, said Thursday that its net profits surged 45.4 percent to 66.68 billion yuan in the first half of this year.
Tough to meet CPI target, NDRC head says
2011-08-26 09:23:14
Domestic prices might stay high even as government measures to rein in rapidly rising inflation take effect, Zhang Ping, chairman of the National Development and Reform Commission (NDRC), said on Thursday.
ODI dips in July, year's first slide
2011-08-25 09:04:59
China's non-financial outbound direct investment in July dropped by 58.1 percent year-on-year to $3.73 billion, mainly due to a decline in the amounts going into developed economies.