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Qingdao banks on successful brands to stay competitive The neon lights displaying global brands stand out from the skyscraper shopping malls at night in Qingdao, giving the coastal city in Shandong province a veneer of internationalization. But Qingdao residents are also suitably ...

Trade zone to boost DPRK economy

Workers assemble an advertising board on the Chinese side of a special economic zone straddling the mainland and the Democratic People's Republic of Korea, in Dandong, Liaoning province, on Friday. [Photo/China Daily] DANDONG, Liaoning - A free-trade area and a tax-free zone will ...

Number of Chinese millionaires rises by 12%

A Porsche car weaves its way through pedestrian traffic in a hutong neighborhood in Beijing. The number of millionaires in China grew by 12 percent to 534,500 last year. [Photo / Bloomberg] Zurich - Millionaires in the Asia-Pacific region overtook Europe in terms of population ...

Markets rally on Wen's comments

Air China Ltd, the country's biggest international carrier, climbed 6.4 percent to 9.88 yuan ($1.53) on Friday, the most in eight months after oil slumped. [Photo/For China Daily] China's stocks rally as Premier Wen says inflation is under control SHANGHAI - Stocks on the Chinese ...

Benchmark gains most in 3 months

A Sany Heavy Industry Co booth at an expo in Guangzhou, Guangdong province. The company's shares rose 3.3 percent to 17.67 yuan ($2.73) on Thursday, the highest since May 11. [Photo / China Daily] Coal and material makers, notably in cement, among biggest gainers SHANGHAI - ...

Record 36 Asian IPOs pulled

A Samsonite International SA's retail store in Hong Kong. Stock prices of the US-based luggage maker have fallen 11 percent on its initial public offering debut in Hong Kong on June 16. [Photo / Bloomberg] Companies have to cut valuations to lure in worried investors: Analyst ...

Gold rush as sales surge predicted (2)

Inflation, already at a 34-month high, is expected to pass 6 percent in June. Meanwhile, Zhang suggested that the government should increase its gold reserves. By the end of last year, China ranked sixth globally in gold reserves, with 1,054 tons. It lags far behind the US, the ...

Gold rush as sales surge predicted

Gold's luster is continuing to attract rising domestic demand and China will continue to "outperform" other countries in private consumption of the precious metal, with sales growth remaining above 20 percent over the next two years, an industry expert said. The amount individual ...

China's manufacturing sees sizable slowdown

A worker inspects mining equipment in Anhui province. HSBC's Purchasing Managers' Index dropped to an 11-month low of 50.1 in June, compared with the final official reading of 52 in May, indicating a sizable slowdown in the country's manufacturing growth. [Photo / China Daily] ...

China will increase US soybean imports

Workers unload imported soybeans at a harbor in China. The country imported a record 54.8 million tons of soybeans in 2010, compared with 15.2 million tons of domestic production, General Administration of Customs data showed. [Photo / China Daily] BEIJING - China's soybean ...

Gold rush as sales surge predicted

BEIJING - Gold's luster is continuing to attract rising domestic demand and China will continue to "outperform" other countries in private consumption of the precious metal, with sales growth remaining above 20 percent over the next two years, an industry expert said. The amount ...

Stocks continue to regain ground

Kweichow Moutai Co, China's largest maker of baijiu liquor, added 1.3 percent to 205.93 yuan ($31.83) on Wednesday on prospects that the earnings of consumer staples producers will weather a growth slowdown. [Photo / Provided to China Daily] Chinese equities rise for second day, ...

Foreign banks 'confident' about Chinese market

A branch of Citibank Co Ltd in Nanjing, Jiangsu province. Of the 42 foreign banks interviewed by PricewaterhouseCoopers in China, 22 expect revenue to rise between 20 and 50 percent in 2011. [Photo / China Daily] PwC report shows that overseas lenders believe revenues will grow ...

Coal mine city Yulin, a birthplace of billionaires

There are currently about 7,000 billionaires in Shaanxi's Yulin city. The "Report on China's private capital investment" released recently showed that there were 4,000 billionaires in the coal mine counties - Shenmu and Fugu located in Yulin, a prefecture-level city with one ...

Gold rush as sales surge predicted

According to the China Gold Association, domestic gold sales grew 21.26 percent to 571.51 tons last year from 2009. Gold's luster is continuing to attract rising domestic demand and China will continue to "outperform" other countries in private consumption of the precious metal, ...

Hanergy to gamble $15b on solar power niche

CHENGDU - For any company, pouring 100 billion yuan ($15.47 billion) into a fledging industry could be risky, according to Li Hejun, president of Hanergy Holding Group Ltd, a private Chinese power generator that is betting on a niche technology in solar cells. Hanergy Holding ...

Chinese wind turbines tested in Denmark

Chinese Envision Energy is to manufacture and test a new offshore wind turbine prototype developed in Denmark, just one year after the Chinese wind energy company opened a Global Innovation Centre in Denmark in March 2010. Envision Energy has rented a large production site in ...

Increasing pork prices breed hopes, worries

(Photo: China Daily) Shortage of pigs and rising costs of feed and labor fuel the momentum, report Hu Yongqi in Shandong province and Li Jiabao in Beijing. Wang Yugui, a farmer in Zibo, Shandong province, has not seen pork prices this high since he started raising pigs in 2001. ...

China to build new hydroelectric power plants

The Three Gorges Power Plant in Yichang, Hubei province. China will increase the share of non-fossil fuels to 20 percent of national energy consumption by 2030 and to one-third by 2050. [Photo / China Daily] BEIJING - China will invest 400 billion yuan ($62 billion) in the ...

Increasing pork prices breed hopes, worries (5)

Slaughter slowdown Pork processors also are feeling the effects of increased costs to farmers and higher market prices. "It has become difficult to buy grown pigs now," said Zhang Youtang, general manager of Qimeisi Pork, the biggest pork processor in Linzi district. The factory ...
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world

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market

finance

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company

industry

China's banks must evolve or perish
China's banks must evolve or perish
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trade

sports

Injured star short-track skater Wang Meng left out of China's squad for Sochi
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