Debate heats up on role of govt giants

2013-07-08 02:21:06

The major Chinese banks State-owned — have always shown a preference to lend to the major SOEs and not riskier private concerns.

Ding Xuedong named new CIC chairman

2013-07-07 17:56:59

The State Council has appointed its deputy secretary-general Ding Xuedong as the new chairman of China Investment Corp, the country's sovereign wealth fund, according to a statement on Friday.

Matrimony and money

2013-07-07 09:36:21

Marriage is supposed to be for richer or for poorer, but some Chinese couples have taken the marriage vows to another level.

China, Pakistan ink transport pact

2013-07-06 02:03:57

China and Pakistan signed an agreement on Friday on the blueprint for a huge transport project linking northwestern China to the Arabian Sea.

China cuts retail fuel prices

2013-07-05 23:45:45

China will cut the retail price of gasoline by 80 yuan ($12.9) per tonne and that of diesel by 75 yuan per tonne from Saturday, the country's top economic planner said.

High rent to bite foreign firms in China

2013-07-05 13:42:04

Foreign retailers, restaurants and department stores have to close or relocate shops to offset the double pressure of shrinking profit and rising rent.

Retail industry to see steady growth

2013-07-05 07:21:33

Despite China's slowing economic growth, the retail industry in the world's second-largest economy will maintain sustainable growth in the medium and long term, commerce officials said on Thursday.

Growth slowing for services

2013-07-04 02:52:42

The expansion pace of China's non-manufacturing industries decelerated to a nine-month low in June, in line with the weakest factory activity in four months

Frankfurt joining race to become key yuan center

2013-07-04 01:43:24

Frankfurt is to become a major offshore yuan trading hub in Europe as local financial institutions push for a potential currency swap agreement.

Worried parents drive imported milk sales

2013-07-03 02:28:26

According to the China Dairy Industry Association, in the first four months of this year, China imported dairy products amounting to 596,200 tons, up 24.6 percent year-on-year.

Recovery on horizon for rare earth sector

2013-07-03 01:29:42

Rare earth demand and prices are expected to grow slowly, after hitting two-year lows, according to an official at China's industry association.

New home prices defy curbs

2013-07-02 03:44:19

China's new home prices jumped for the 13th consecutive month in June, defying the government's tightened property curbs.