Financing for culture, media industry declines

2012-08-23 17:37:43

The culture and media industry saw its financing decline in the first half of the year, according to a report released on Aug 23 by ChinaVenture.

Jobseekers eye foreign-funded firms: report

2012-08-23 09:58:59

Overseas-funded enterprises enjoyed greater recognition by Chinese jobseekers in 2012, according to a report released Wednesday.

Takeoff interrupted by bird at Shanghai airport

2012-08-22 12:31:01

A United Airlines' plane leaving Shanghai Pudong Airport for Los Angeles was forced to turn back after a bird struck and destroyed one of its engines on Tuesday, Oriental Morning Post reports.

Noble will target US agriculture assets

2012-08-22 11:07:31

Noble Group Ltd will target agricultural assets in the US as it seeks to meet demand from China and sees potential for deals across its units.

Coca-Cola at bottom of beverage satisfaction list

2012-08-21 18:21:49

Due to a series of quality scandals, Coca-Cola is losing the trust of Chinese consumers.

China Mobile to offer cloud storage service

2012-08-21 16:47:39

China Mobile Ltd, the world's biggest mobile operator by users, plans to offer a cloud storage service to Chinese users by the end of the year.

CNOOC announces two new oil finds

2012-08-21 16:37:41

China National Offshore Oil Corp has revealed two new offshore discoveries: in the Bohai Sea, and near the Pearl River Estuary.

China's catering industry faces tough times

2012-08-21 15:56:24

China's restaurants are failing at a 15 percent rate every month, the worst performance since the outbreak of SARS in 2003, according to the China Cuisine Association.

Railway Ministry to raise $3b via bonds

2012-08-21 14:47:51

The Ministry of Railways will raise 20 billion yuan ($3.14 billion) through bonds to finance the construction of the country's railway projects.

Processing trade surged in past decades

2012-08-21 14:33:09

China's processing trade totaled $1,305.21 billion in 2011, a surge compared with the $235 million trade value in 1979.

Wuliangye posts $2.37b revenue in H1

2012-08-20 15:07:36

Shenzhen-listed Wuliangye on Aug 20 said that its first-half sales revenue was 15.05 billion yuan ($2.37 billion), surging 42.05 percent year on year.

Banks extend 70b in yuan-denominated loans

2012-08-20 14:26:40

China's big four banks extended 70 billion yuan ($11 billion) worth of yuan-denominated loans in the first half of August, up from 50 billion yuan in the same period of July.