Refinery industry sees profits down 58.7%

2011-07-22 15:31:22

Profits of China's refinery industry totaled 13.4 billion yuan ($1.99 billion) in the first five months of 2011, down 58.7 percent year-on-year, the National Business Daily reported Friday, citing the National Development and Reform Commission.

Zhu Min to be IMF vice-president

2011-07-22 14:31:18

Zhu Min, a special consultant of the International Monetary Fund (IMF) president, will be appointed an IMF vice-president on July 26, Xinhua News Agency reported on Thursday, citing IMF's spokesman David Hawley.

3 swimmers killed by electric shock

2011-07-22 11:37:28

A rainstorm in Tianjin caused an awning to topple and become tangled in broken electric wires before falling into an outdoor pool, killing three people and injuring many, the Beijing Times reported on Friday.

72 super rich dead before their time since 2003

2011-07-22 10:17:33

Since 2003, 72 billionaires in the Chinese mainland have died an unnatural death, the New Culture View reported Friday.

Da Vinci says no to unconditional goods return

2011-07-21 17:36:29

The scandal-hit DaVinci Furniture Ltd has finally fronted up to customers regarding settlement of claims, reported Thursday.

CICC H1 net profit drops 70%

2011-07-21 16:46:22

China International Capital Corporation Ltd (CICC) realized a 130 million yuan ($20.1 million) net profit in the first half of 2011, down 70 percent year-on-year, reported Wednesday.

20 tons of fake drinks confiscated in N China

2011-07-21 16:30:28

Three warehouses storing 20 tons of counterfeit drinks have been shut after a joint crackdown by police and law enforcers from local commercial and industrial bureau in Shijiazhuang city of Hebei province on Wednesday.

Guangdong given nod for marine economic zone

2011-07-21 16:24:12

Guangdong has received approval from the State Council to build a marine economic development zone, the 21st Century Business Herald reported Thursday.

Bank regulator warns private lending risks

2011-07-21 16:08:46

Liu Mingkang, the chairman of the China Banking Regulatory Commission (CBRC), urged all financial institutions of the banking industry to strengthen risk management and prevent and control platform lending risks, the People's Daily reported on Thursday.

Edible oil brands apply for price-hikes

2011-07-21 15:40:26

Two of China's largest edible oil producers have applied for a price-hike after the price control policy expired in June, because of surging the raw material costs, the 21 Century Business Herald reported on Thursday.

Gutsy 7 day, 360 km hike to find a job

2011-07-21 15:15:19

A 21-year-old man spent seven days and six nights trudging for 360 kilometers from Chengdu, the capital city of Southwest Sichuan province, to Chongqing municipality, just to look for a job, reported Thursday.

Young couple sell own kids for quick cash

2011-07-21 15:05:25

A young couple was taken into custody for selling their three children to raise money to support their illegitimate lifestyle.