Gov't expecting good grain harvest in 2011

2011-07-07 09:15:25

Despite the unfavorable weather, the Chinese government is "confident" about a good grain harvest this year, a senior agriculture officer said on Wednesday.

Interest rates rise once again

2011-07-07 08:55:17

The central bank announced on Wednesday that it will increase interest rates, for the third time this year, by 25 basis points. The new rates take effect on Thursday.Timeline of monetary moves since 2010
China's inflation expected to stabilize in H2

Passenger vehicle sales help GM reverse slump

2011-07-06 11:21:24

General Motors Co, the biggest overseas automaker in China, said its June sales rose in the country, reversing a two-month decline, as customers bought more Buick and Chevrolet passenger cars.

200 fear battery plant poisoning

2011-07-06 13:47:30

At least 200 workers from a factory that produces batteries in Changzhou, Jiangsu province, have been sent to a local health department for further blood tests after an initial probe showed many had been exposed to lead poisoning.

Oil leak to have 'long-term impact'

2011-07-06 13:46:09

A leak from the Penglai 19-3 oilfield in Bohai Bay, operated by ConocoPhillips China (COPC), will have a "long-term impact" on the marine environment, China's top ocean watchdog warned on Tuesday.

Chinese equities lifted by Wen's CPI comment

2011-07-06 11:23:57

Stocks on the Chinese mainland rose to a six-week high after Premier Wen Jiabao said inflation will be controlled and service industries expanded at the second-fastest pace.

More 80-plus seniors now getting subsidies

2011-07-06 13:47:07

In an attempt to improve the welfare of China's rapidly aging population, the government is now paying monthly subsidies to 8 million of the nation's 19 million people above the age of 80, Li Liguo, the minister of civil affairs, announced on Monday.

Sony Ericsson, China Mobile to develop 4G phones

2011-07-06 10:59:54

Sony Ericsson Mobile Communications AB will cooperate with China Mobile Holdings Ltd to develop mobile phones that support China's domestic fourth-generation telecommunications technology, Sony Ericsson's global president said.

Longchamp to expand in China

2011-07-06 11:11:04

The French luxury brand Longchamp SAS will accelerate its expansion in China to make the country one of its top-three markets in three years, the company's chief executive officer said.

Estee Lauder follows rivals to increase prices

2011-07-06 11:04:51

US-based cosmetics maker Estee Lauder Cos Inc raised the price of its brands by an average of 8 to 10 percent on July 1, a move that follows price increases by its competitors, analysts say, and that will not significantly affect its market share.

Rapid service sector gains persist

2011-07-06 11:19:12

China's service industries expanded at the second-fastest pace this year as new orders and employment climbed, supporting growth amid the Chinese government's campaign to cool inflation.

Property bubbles seen in five cities

2011-07-06 10:39:39

A majority of residents in five Chinese cities believed visible bubbles are brewing in local real estate markets, according to a survey by China CITIC Bank and Spanish Bank BBVA.