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
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.
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 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.
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.