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.
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.
Auto insiders expect sales to soon get back in gear
2011-06-21 10:22:43
Although China's automobile market is facing challenges such as the first year-on-year sales drop in April since 2009, Kevin Wale of General Motors China is optimistic about the industry's future in the country.
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".
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, regulator says
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.
Pork, pig prices sail past '08 record
2011-06-21 10:10:52
The prices of pork and live pigs climbed higher than the record set in 2008 and will continue their rising momentum to the end of the year, analysts said.
Rising coal costs drive China's power shortage
2011-06-21 09:25:52
China's five biggest power companies have reported increasing losses in their thermal power business ventures as they continue to struggle with rising coal costs and capped electricity prices.
Gas officials still optimistic
2011-06-21 09:25:29
Despite China and Russia's failure last week to finalize a deal on pipeline gas supplies, officials and experts on both sides remain optimistic.
China's rich swoop on homes overseas
2011-06-21 09:39:11
An increasing number of China's rich are snapping up properties overseas in the expectation that domestic inflation will continue to rise after the consumer price index reached a 34-month high in May.
Taxes slashed to cut emissions
2011-06-20 17:04:48
Electric vehicles will be exempt from annual taxes starting from Jan 1 next year, according to a draft regulation by China's State Council.