China to build new hydroelectric power plants

2011-06-23 10:40:47

China will invest 400 billion yuan ($62 billion) in the construction of four hydroelectric dams, to help the government boost the share of non-fossil fuels in national energy consumption.

AVIC eyes iconic office space in Manhattan

2011-06-23 10:09:00

Beijing-based Aviation Industry Corporation of China (AVIC) International, which has specialized in aviation trade and international market development for more than 30 years, announced on Tuesday its intention to reopen its East Coast office in 1 World Trade Center.

China will increase US soybean imports

2011-06-23 10:06:37

China's soybean imports are expected to rise by 5 percent more than last year, increasing the attraction of the country to US soybean farmers, said Alan Kemper, president of the American Soybean Association.

Increasing pork prices breed hopes, worries

2011-06-23 09:30:12

Some experts expect pork prices will keep going up for the rest of the year. Good news for those who raise pigs, not for those who buy pork at the grocery store.

CPI set to reach new high in June

2011-06-23 09:18:29

Inflation in June may exceed last month's 34-month high but will be under control in the second half of the year, the nation's top planning agency said, despite concern over rising pork prices and a drop in grain production following drought and flooding.

Nokia unveils first MeeGo phone

2011-06-22 15:11:03

Nokia Corp on Tuesday unveiled its first mobile phone based on the MeeGo operating system (OS), while the chief executive officer insisted that the company is maintaining its focus on the Windows phone platform.

Alibaba to solve spinoff dispute

2011-06-22 15:10:33

China's Alibaba Group on Wednesday said the company and its major stakeholders Yahoo! Inc and Softbank Corporation "have made substantive progress" toward an agreement to settle the dispute over the status of Ailibaba's popular on-line payment platform Alipay.

10 trust firms to trade stock index futures

2011-06-22 16:25:49

The first batch of ten trust companies, including Shanghai Trust Co Ltd, Huarun Trust Co Ltd, and Hwabao Trust Co Ltd, will trade the stock index futures, China Securities Journal reported Wednesday, citing a relevant source.

New rules open fund industry to more players

2011-06-22 13:51:12

China's securities watchdog loosened restrictions on the country's fund industry on Tuesday to allow more players to sell fund products while domestic mutual funds are struggling to issue new shares in a sluggish market.

BofA may offload half CCB stake

2011-06-22 13:50:37

Bank of America Corp may sell some of its $21 billion stake in China Construction Bank Corp (CCB) to bolster capital before new international standards take effect, said three people briefed on the plans.

Beijing's 2nd airport to be ready by 2017

2011-06-22 14:45:59

A new airport in the capital city, which will handle soaring passenger traffic in and out of the booming metropolis, is expected to be completed by October 2017, an airline source told the Beijing News.

Shares rebound as market adjusts

2011-06-22 11:19:25

Stocks on the Chinese mainland rose, with the benchmark index climbing the most in a week, as property and cement companies rallied on an improving profit outlook and on speculation the market's slide has been excessive.