Chinese property firms getting squeezed

2011-08-10 15:04:26

China's property developers are heading for a funding crunch in the next several months, analysts and industry executives say.

Commodities hit eight-month low as slowdown erodes demand

2011-08-10 13:37:09

Commodities plunged to their lowest level in eight months on Tuesday, extending two weeks of losses. The retreat came on concern that the global share-market rout will slow the economy and erode demand. Gold jumped to a record on demand for a haven.

China Overseas reports H1 profit jump

2011-08-10 11:05:43

China Overseas Land & Investment Ltd, a Hong Kong-based builder controlled by the Chinese construction ministry, said first-half profit climbed 35 percent on gains from one-time items and property sales.

Smaller cities key for Adidas

2011-08-10 10:47:51

Adidas Group China, a unit of Adidas AG, plans to expand aggressively into lower-tier cities as it seeks to compete with Chinese rivals.

HTC, Unionpay target mobile wallets

2011-08-10 10:31:14

China UnionPay Co Ltd announced on Tuesday the launch of the first smartphone with built-in mobile payment capability, jumping ahead of domestic rivals in the world's most populous mobile phone country.

ZTE aims to beat mobile device targets

2011-08-10 10:20:26

China's second-largest telecom equipment maker, ZTE Corp, is confident it can beat its 2011 target of shipping 80 million mobile devices and is looking for an expanded US footprint to fuel growth.

Stocks stage 'technical rebound'

2011-08-10 10:10:50

Chinese equities shrugged off the downward pressure of steep drops in the US and European stock markets, triggered by rating agency Standard & Poor's move to downgrade the long-term credit rating of the United States, and erased intraday losses to close flat on Tuesday.

Wealth management products' sales increase

2011-08-10 10:10:01

Xi Shijia, 28, an IT clerk at a State-owned company in Beijing, said he will not stop buying individual wealth management (IWM) products from commercial banks in the second half to safeguard against asset losses.

The drive to go electric

2011-08-10 11:32:37

To combat energy shortages and offer an opportunity for Chinese automakers to catch up with the global giants, the government has invested heavily in promoting "green" cars.

Sinohydro, ICE power up for $1.2b project

2011-08-10 09:34:41

Sinohydro Corp is expected to win a $1.2 billion contract to jointly build a 300-megawatt hydroelectric power station in Costa Rica with the Costa Rican Institute of Electricity (ICE).

July slowdown, but economy is still on track

2011-08-10 09:48:43

China's major economic indicators slowed in July, but signaled the country's growth engine remains on track, analysts said.

GM crops still wait for harvest

2011-08-10 09:25:12

Genetically modified (GM) food in China is unlikely to be commercially available for large-scale planting for at least three to five years, said a top agriculture expert.