BAML cuts China's GDP growth forecast to 7.7%

2012-08-14 15:58:43

Bank of America Merrill Lynch on Aug 13 downgraded its 2012 annual GDP growth forecast for China to 7.7 percent from 8.0 percent.

Official fired after sex photos go viral

2012-08-14 15:33:03

A university official was dismissed after being recognized in a group of sex photos exposed online, Beijing News reported.

Maradona sniffs out coaching in China

2012-08-14 14:37:13

Maradona sniffs out coaching in China

China updates standards for filial piety

2012-08-14 11:20:50

National authorities issued new action standards for filial piety with the aim of providing better care for senior citizens in the modern era, Beijing News reported Tuesday.

Hotels try face scanning to check in guests

2012-08-14 11:16:05

No identification card when checking into a hotel? It's no problem at some hotels in Anhui province, which are trying a new way to check guests in – by scanning their faces.

Baosteel cuts main steel products prices

2012-08-13 17:51:22

China's biggest listed steelmaker Baoshan Iron & Steel Co Ltd will slash the prices of its main products for September bookings by up to 3.4 percent.

Refined copper output slows in July from June

2012-08-13 17:14:45

China's refined copper production in July declined 6.8 percent month-on-month to 483,000 tons, the National Bureau of Statistics said on Monday.

Public outcry over $1.4b 'jelly' expressway

2012-08-13 14:52:12

An expressway in Northwest China which cost 8.7 billion yuan ($1.4 billion) has been struck by subsidence again just one year after it opened to traffic.

Moutai H1 profit up 42.56%

2012-08-10 17:14:02

Kweichow Moutai Co Ltd's net profit in the first half of 2012 surged 42.56 percent to 7 billion yuan ($1.1 billion) year-on-year.

Shenzhen has the highest minimum wage

2012-08-10 16:54:25

Shenzhen has the highest minimum wage — 1,500 yuan ($236) a month — among 18 regions that have adjusted their pay standards for lower-income groups.

VAT reform to save $2.6b in Beijing

2012-08-10 16:52:38

A Beijing program that will replace the business tax with a value-added tax to avoid duplicate taxation is likely to save the municipality's residents 16.5 billion yuan ($2.6 billion) a year.

Light maker Osram inaugurate Wuxi plant

2012-08-08 16:13:19

German company Osram AG, one of the two leading light makers in the world, had a groundbreaking ceremony for its new Wuxi plant in East China’s Jiangsu province on August 8.