Pudong to launch free-trade zone later this year

2013-01-08 16:45:10

Shanghai is planning to set up a free-trade zone in the Pudong New Area later this year, the China Securities Journal reported on Tuesday.

BYD gets EU license to sell electric buses

2013-01-08 16:15:32

BYD Co Ltd, a Chinese maker of electric cars and batteries, said that it has received permission from the European Union to sell electric buses in all of bloc's member countries.

Big four banks issue 164b yuan of credit in Dec

2013-01-08 16:07:24

China's big four banks issued 164 billion yuan ($26.3 billion) of new credit in December, Economic Information.

Top land authority urges overhaul of land use

2013-01-08 16:06:45

The Ministry of Land and Resources on Monday urged local land authorities to overhaul the reporting system of land uses, the Shanghai Securities Daily reported.

Police officers who set honey trap jailed

2013-01-07 19:53:22

Four police officers in Xi'an, capital of Shaanxi province in Northwest China, have been sentenced to prison after they were caught running a racket where they would use prostitutes as a honey trap to unlawfully fine the prostitutes’ clients and keep the money.

New central SOEs merger deal announced

2013-01-07 16:51:15

China may speed up its pace of integrating central State-owned enterprises as it announced it will merge two central SOEs, reducing the total number of such companies to 116.

China opening up border areas to boost trade

2013-01-07 16:49:43

China Securities Journal reported that ministries including the Ministry of Commerce are drafting a 2011-2020 guide for border areas to develop new engines for foreign trade.

China's budget deficit to expand in 2013

2013-01-07 16:48:38

China's budget deficit is likely to expand in 2013 as the government's increased expenditure and tax reform measures will lower the growth rate of its revenue.

Quality watchdog keeps eye on VW

2013-01-07 16:19:20

An official from China's quality watchdog has said in an interview the administration is closely monitoring the quality of Volkswagen's direct-shift gearboxes.

China's food prices expected to rise

2013-01-07 16:06:56

Experts forecasted that China's food prices will face a new round of inflation amid unfavorable weather and the approaching Spring Festival.

China's GDP to grow 8.1% in 2013: report

2013-01-07 15:56:11

China's GDP is projected to grow 7.8 percent in 2012 and 8.1 percent in 2013 as foreign trade, consumption and investments will outperform those seen in 2012.

Huawei expects net profit to increase 30% in 2012

2013-01-07 15:54:21

Huawei, China's largest maker of telecom equipment, expects a net profit of $2.4 billion in 2012, up about 30 percent from a year earlier.