Green-energy communities sprouting up

2011-07-01 11:03:55

As many as 100 cities powered by alter-native energy sources, 200 counties that get energy through unconventional means, 1,000 places demonstrating new energy uses and 10,000 towns relying on "green" energy are to exist in China by 2015, said Qian Zhimin, deputy director of the National Energy Administration.

Problems are growing at SMIC

2011-07-01 10:47:27

Semiconductor Manufacturing International Corp (SMIC), China's biggest chipmaker, said its chairman died, the chief executive officer was voted off the board and the company asked for a stock trading halt.

'Discriminatory' govt procurement rules scrapped

2011-07-01 10:15:41

Three key rules on indigenous innovation for government procurement, which have come under fire from foreign companies for being discriminatory, were scrapped on Friday.

60m people exempt from paying tax after amendment

2011-07-01 10:02:00

The number of people who have to pay personal income tax will reduce from 8.4 million to 2.4 million after China raised the monthly personal income tax threshold. Tax threshold in surprise increase

Income tax threshold in surprise increase

2011-07-01 09:56:45

The monthly personal income tax threshold will be raised to 3,500 yuan ($540) from 2,000 yuan, providing a bonus to wage earners with a larger than expected tax cut.

Local banks gaining ground on 'Big Four'

2011-07-01 09:52:30

While the Chinese still prefer to open accounts in the "Big Four" banks in China, more and more are taking their business to competitor banks in a trend that is becoming more pronounced, according to a study conducted by the consulting firm McKinsey & Co.

Yuan's trading band may soon be widened

2011-07-01 09:34:06

The yuan's daily trading band against dollar will probably soon be widened from the current 0.5 percent to 1 percent, said a report released by Bank of China Ltd (BOC) on Thursday.

PepsiCo looking to farm Chinese market

2011-07-01 09:36:16

PepsiCo Inc, the world's second-largest food and beverage company, is planning to establish new farms in China.

West-East gas pipe begins service

2011-07-01 09:18:54

When fully completed, the pipeline will be able to carry 30 billion cubic meters of natural gas annually.

Three market-oriented ways to energy saving

2011-06-30 17:23:15

China is going to reveal an energy-saving and environment protection plan very soon. It will apply three market-oriented approaches to ensure products meet the energy-saving requirements, 21st Century Business Herald reported Thursday.

Motorola CEO sees business improvement

2011-06-30 11:22:14

Sanjay Jha , chief executive officer of Motorola Mobility Holdings Inc, said he anticipates a further improvement in the company's business in China..

HP plans expansion in China

2011-06-30 10:29:25

Hewlett-Packard (HP) Corp, the world's largest PC maker by shipment volume, announced its expansion plans for China on Wednesday.