Baosteel Co Ltd, China's biggest-listed steelmaker, said its net profit attributable to shareholders was 12.8 billion yuan in 2010, a 120-percent year-on-year increase, the National Business Daily reported Thursday, citing the company's performance briefing.
China still legs far behind the United States and other Western countries in weaponry systems and military modernization, although the first test flight of the J-20 stealth fighter jet is a landmark achievement, Rear Admiral Yang Yi wrote in a commentary for the overseas edition of People's Daily.
During the weekends of the postgraduate entrance exam, most people are willing to live in a hotel near the schools where they are going to take the exam, but in Jinan, Shandong province, it is very hard to book a room, Qilu Evening News reported.
Banking experts said the central bank may raise Chinese commercial banks’ required reserve ratio to tame surging domestic liquidity and inflation, China Securities Journal reported Wednesday.
A man suspected of contaminating food with rat poison at a supermarket in Guangzhou's Haizhu district, including rice, fish and meat, has been arrested, Guangzhou Daily reported, citing Tuesday's notice by the district government.
Some Chinese banks plan to reduce the size of their loans by 10 to 20 percent this year, even though China's central bank has not clarified policies for 2011, the 21st Century Business Herald reported Tuesday.