'EU's scheme could blacken relations'

2011-06-08 14:32:19

European Union's plan to force other countries to join its carbon-trading scheme will affect friendly relations between Chinese airlines, European airlines and plane manufacturers, a senior official with China's top aviation industry guild said on Tuesday.

China's CPI to rise in May

2011-06-08 14:22:42

China's consumer inflation will increase in May, driven by higher food prices and a lower comparison basis, adding the possibility of an imminent interest rate hike, analysts have said.

Luxury jewelry market facing dazzling future

2011-06-08 14:07:23

The country's fine jewelry market has been growing steadily in the past two years, and consumers are becoming more sophisticated.

Traders bet against Harbin Electric

2011-06-08 13:54:42

Short sellers are preying on China's Harbin Electric Inc like never before, betting against a Morgan Stanley-backed hedge fund in a buyout that would generate the biggest windfall of any acquisition in the world.

Hangzhou Iveco to manufacture Fiat gearboxes

2011-06-08 10:40:12

Fiat SpA, Europe's sixth-largest automaker by market share, will locally produce its gearboxes in China, as part of its plan to gain a foothold in the world's biggest automobile market.

ZTE launches new salvo against Huawei

2011-06-08 10:49:49

Chinese telecommunications equipment maker ZTE Corp has demanded rival Huawei Technologies Co stops making and using equipment related to fourth-generation time division long term evolution (TD-LTE) technology, expanding the legal battle between the two Chinese telecom giants.

IEA hails China's new policy for gas usage

2011-06-08 11:11:54

China's new policy for gas usage could usher in a golden era for a greater role of natural gas in the global energy mix, the International Energy Agency (IEA) said.

China plans African ventures

2011-06-08 11:00:26

China, the world's biggest maker of solar panels, plans to build power projects using the devices in 40 African nations, aiming to cut the continent's reliance on fossil fuels and open a new market for Chinese manufacturers.

55 websites closed for illegal online publicity

2011-06-08 10:35:18

Authorities have shut down 55 websites engaging in illegal online publicity based on information provided by the public.

CBRC announces measures to aid small businesses

2011-06-08 10:36:49

The China Banking Regulatory Commission (CBRC) on Tuesday announced a series of favorable policies for lenders to offer more loans to small-scale enterprises.

Shanghai exchange prepares for int’l board

2011-06-08 10:30:41

Overseas companies will be able to offer yuan-denominated shares to domestic investors.

Yuan advances to record high Wednesday

2011-06-08 09:55:40

The Chinese currency Renminbi, or the yuan,strengthened 21 basis points to hit 6.4795 per US dollar on Wednesday, according to the China Foreign Exchange Trading system.