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Checks on land trades to control housing land prices: MLR

The Ministry of Land and Resources (MLR) said Monday that it will check land transactions completed since the beginning of the year to monitor unusual price fluctuations and prevent rebounds in residential land prices. Local governments at or above the county level should check ...

Investigation into alleged graft at telcos

Chinese authorities have launched a large-scale investigation into the country's three largest State-owned telecom carriers on suspicion of corruption, after a series of dismissals of top-level executives and financial scandals rocked China Mobile Communications Corp, Chinese ...

China's January-April insurance premiums hit 570.8 bln yuan

The combined value of China's insurance premiums rose to 570.8 billion yuan (about 87.8 billion U.S. dollars) in the first four months of this year, up 109.08 yuan from the figure in the January-March period, the China Insurance Regulatory Commission (CIRC) said Monday. The total ...

China raises commercial power prices

China has raised prices of electricity for industrial use in some regions by around 20 yuan (about 3.08 U.S. dollars) per 1,000 kilowatt-hour, said the country's top economic planner on Monday. Prices of power for residential use remain unchanged, according to the National ...

Experts: China's housing prices to drop 10 percent

Peking University Guanghua School of Management (GSM) Real Estate Association held a summit forum on the development of China's real estate on May 29. Experts and scholars believe that this year China s housing price will drop by 10 percent to 15 percent. 10 percent drop is by no ...

Home prices likely to fall by more than 10 pct this year: analysts

Analysts said Chinese home prices are likely to fall by more than 10 percent this year, due to the government's prudent monetary policy and other tightening measures, the Beijing News reported Monday. Home transactions will decrease by 7 percent this year while sales value may ...

With policy support, China's wind industry growing exponentially

China's wind power output rose more than 60 percent to 18.8 billion kilowatt-hours in the first quarter of 2011, growing 30 percent to 50 percent faster than the output of thermal power, hydropower and nuclear power in the same period, according to information from the National ...

China's Taomee to debut on NYSE

China's children entertainment company Taomee Holding will trade on NYSE on June 9. China's children entertainment company Taomee Holding is scheduled to begin trading on the New York Stock Exchange (NYSE) on June 9 after clearing regulatory hurdles. Taomee plans to issue 7.1875 ...

Taobao's mall heats up rivalry

A computer screen displays various furniture items with their selling prices while Chinese shop inside the newlyopened Taobao Mall in Beijing. Taobao launched a five-story home furnishings showroom on Friday for customers to try out sofas, tables and other big-ticket items before ...

Honda: Pre-quake production by August

Honda production line in Zengcheng, Guangdong province. Sales of the popular brand fell by 22 percent in April as parts shortages constrained production and deliveries. [China Daily] Honda Motor Co recently announced that its two car joint ventures in China will recover in three ...

Chery-Subaru linkup likely

Subaru sold 24,000 cars in the first four months of the year.[China Daily] Domestic carmaker Chery Automobile Co and Japan's Fuji Heavy Industries have agreed in principle to build Subaru vehicles in China and are now seeking approval from regulators, Reuters reported recently. ...

Alibaba develops logistics platform

College graduates wait for job interviews at a service outsourcing talent fair in Nanjing International Exhibition Center in the capital city of East China's Jiangsu province. [Photo/China Daily] Online retailer links up with China Post's Zhejiang branch to grow more SHANGHAI - ...

Alibaba develops logistics platform

College graduates wait for job interviews at a service outsourcing talent fair in Nanjing International Exhibition Center in the capital city of East China's Jiangsu province.[China Daily] Following the example of 360buy.com and dangdang.com, the leading online shopping websites ...

Google sued over 'phone wallet'

Google Inc hopes to nudge consumers and merchants into a world where the smartphone has replaced the wallet as the container for credit cards, coupons and receipts. While it tackles that challenge, Google also will have to spar with the biggest online payment service, eBay Inc's ...

China's coal production up 11.1% in first four months

Miners prepare for work at a coal mine in Yanzhou, Shandong province. According to osc.org.cn, a major coal trading information and service website, thermal coal prices in main harbors around the Bohai Sea have been increasing for 10 weeks, reaching 832 yuan ($128) a ton on ...

Lenovo triples fiscal Q4 profit

From left: Lenovo Group Ltd President Rory Read, Chief Executive Officer Yang Yuanqing and Chairman of the Board Liu Chuanzhi show the company's products before announcing its fiscal profit in Hong Kong yesterday. Lenovo Group Ltd's net profit in the fiscal fourth quarter ended ...

Lenovo looks to take greater share of China's tablet market

A billboard advertising Lenovo's LePad tablet in Beijing. Lenovo said high demand for the tablet has resulted in a supply shortage since its debut in China in March. Xu Zi / China News Service The Chinese computer maker Lenovo Group said on Thursday that it aims to grasp 20 ...

Internet governance debate derailed at the e-G8

French President Sarkozy's e-G8 Forum indicates that the debate on Internet governance has shifted from broader concerns such as social justice and the unrestricted sharing of knowledge, to a narrow concern with technology and markets. While the 2003-2005 World Summit on ...

Steel output may fall as power cuts loom

A worker cuts steel bars at a steel mill in Huaibei, Anhui province. Thousands of small mills will face power shortages because the government will first guarantee electricity to residential users. [Photo/ China Daily] BEIJING - The production of crude steel in China may start to ...

Unilever raises prices in China weeks after being fined for price-hike speculation

A cameraman videotapes outside the headquarter of Unilever China in Shanghai, east China, May 6, 2011. (Xinhua/Fan Jun) Unilever (China) Co., Ltd. has raised the prices of some of its products in China three weeks after it was fined by the Chinese government over spreading news ...
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finance

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sports

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