Inflation reaches 3-yr high at 6.5%

2011-08-10 09:21:20

China's inflation rate hit a three-year high in July, posing challenges to policymakers amid turmoil in the global financial markets.

China Merchants Bank H1 profits rise 40%

2011-08-10 09:19:45

China Merchants Bank, the country's fifth largest bank by market value, said on Tuesday that its first-half profits increased 40.12 percent year-on-year to 18.5 billion yuan ($2.87 billion).

Chinese automakers hunt for sweet spot in Brazilian market

2011-08-09 10:53:12

Chinese automakers are keen to raise their presence in emerging markets especially in Brazil through the establishment of manufacturing facilities, after gaining a foothold in the vehicle export market.

Canon pictures 30% growth in Chinese market

2011-08-09 10:55:48

Canon Inc, one of the world's largest camera makers, will have its camera factories fully back in operation by October as it overcomes disruptions caused by the giant March earthquake.

Baidu, BMW link up for vehicle-based searches

2011-08-09 10:43:11

Baidu Inc will partner with Bayerische Motoren Werke AG (BMW) to provide search services in the German automobile maker's vehicles, part of its drive to push search services onto more platforms.

Lenovo launches second smartphone

2011-08-09 10:34:57

Lenovo Group Ltd launched its second smartphone on Monday to penetrate the emerging mobile Internet market and compete with international rivals such as Apple Inc and Research In Motion Ltd.

Rare earth prices to remain strong

2011-08-09 10:32:02

Rare earth prices will remain bullish in the second half of this year, but won't be higher than the first half's level, as companies in downstream activities halt production due to expected high operating costs.

Gansu set to build nation's first 10gW wind sector

2011-08-09 10:40:42

Gansu province, a leading wind power center in China, is scheduled to become China's first province to have more than 10 gigawatts (gW) of installed wind capacity.

Passenger car sales hit speed bump in July

2011-08-09 09:20:59

In July, China's automobile industry reported the lowest sales for passenger vehicles for 12 months, excluding the short month of February.

Stocks dive amid US woes

2011-08-09 09:11:04

Chinese equities plunged on Monday as the US credit rating downgrade jolted financial markets amid fears that the global economy may be heading back into recession.

China, US plan to work together on product safety

2011-08-09 09:28:27

China and the US have reached a consensus on tapping the potential of cooperation to improve the quality of Chinese consumer goods through more training programs for manufacturers.

China Everbright Bank H1 net profit ups 35%

2011-08-08 09:46:21

China Everbright Bank said that its net profit rose 34.77 percent year-on-year to 9.21 billion yuan ($1.43 billion) in the first half of this year.