Integration of energy prices OK'd

2012-12-06 14:03:35

According to industry insiders, a plan to unify electricity and coal prices has already been approved by the State Council, China Security Journal reported on Thursday.

Land sales hit a 16-month high

2012-12-05 15:33:44

Land sales in China’s 10 major cities hit a 16-month high of 66.3 billion yuan ($10.6 billion) in November, a growth of 23 percent month-on-month and 0.4 percent year-on-year, a property report said.

Dow Chemical boosts innovation in China

2012-12-05 15:17:36

US-based Dow Chemical Co is seeking to expand its presence in emerging economies when other developed countries are still stuck on a downward track. A recently-held innovation meeting underlines the company's growing interest in Asia and China.

Chinese luxury buyers need to change mindset

2012-12-05 15:05:46

Big spending Chinese people need to change their mindset and realize that luxury is more about culture and not only about money.

Shadow banking: 15 to 17 trillion yuan

2012-12-05 14:42:43

China's shadow banking scale is around 15 trillion yuan ($2.38 trillion) to 17 trillion yuan, around one third of the country's GDP, ANZ said in a report on Wednesday.

China's online shoppers hit 210m

2012-12-05 14:40:42

China's online shoppers reached 210 million by the end of June. The country is expected to become the world largest online retail market next year, overtaking Japan, said Li Jinqi, director of the Electronic Commerce and Information Department of the Ministry of Commerce on Tuesday at a forum in Shanghai.

Lower bank card fees to hit profits

2012-12-03 14:22:16

China's move to lower merchant fees for bankcards would be credit negative for banks, said the Moody's Investors Service in a report released on Monday.

Building energy use still takes big part

2012-12-03 14:08:45

The building construction sector still plays a big role in China's energy consumption mixture as the country continues to make efforts to achieve its urbanization target.

Solar firms forecast earnings slump

2012-12-03 14:02:34

More than half of China-listed solar firms project a profit slump in 2012, further hitting the industry with a severe supply glut.

Harbin Electric signs $643m contract

2012-12-03 13:57:43

Harbin Electric Corp, China's top power equipment maker by sales, signed a $643 million contract with Malaysia's Genting.

LNG used in Beijing double-decker buses

2012-12-03 13:55:17

China Petrochemical Corp announced it is providing liquid natural gas for Beijing's double-decker buses starting from the beginning of this month.

Company eyes China's thin-film PV solar market

2012-12-03 13:46:26

First Solar Inc has completed an agreement with Chinese company Zhenfa New Energy Science and Technology Co Ltd to supply thin-film solar modules.