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Finding ways to fight inflation

A vendor at a Beijing vegetable market organizes produce at her stall. Food prices in China increased by more than 14 percent in June over the same month last year. Zhang Wei / China Daily No one needs to tell the average Chinese person that prices are increasing everywhere. The ...

Online market for medicines growing

With the rapid development of the Internet and the consequent changes in lifestyles and shopping habits, Chinese pharmacies are now further tapping into the online business-to-consumer (B2C) sector to raise profits. ForMe Drugstore, the largest chain drugstore in Shanghai, saw a ...

Buffett-backed BYD warns of 95% drop in H1 profits

Chinese car maker BYD warned Wednesday its profits in the first half of the year may have fallen 95 percent from a year earlier. Buffett-backed BYD warns of 95% drop in H1 profits 95% Chinese car maker BYD warned Wednesday its profits in the first half of the year may have fallen ...

Shanghai ranked sixth on financial center list

According to the Xinhua-Dow Jones International Financial Centers Development Index, which ranks financial centers worldwide, Shanghai moved up two places from last year to No 6. (China Daily Photo) A recently released financial index ranks Shanghai as the world's No 6 financial ...

China's trade surplus grows to $22 billion in June

Follow the stock market. Get the updates you need to make sense of the dynamic, global economy. China.org.cn brings you the economic highlights for this week . President Hu Jintao said the government will make water projects a priority of the country s infrastructure construction ...

Shanghai rising as a global financial hub (2)

Two years later, China's first stock exchange counter, measuring no more than 10 square meters, opened to the public in Shanghai. Maybe no one knows the early days better than Yang Huaiding, who is known to many Chinese as "Millionaire Yang" for his legendary success back in the ...

Shanghai rising as a global financial hub (3)

Given the size of China's population, economy as well as its fast growth, many of these financial markets are among the world's biggest in terms of transaction volume.P These markets, together with the influx of foreign banks, mean that Shanghai is well on its way to become one ...

Vehicle Sales on Road to Recovery

Passenger vehicle sales are well on the road to recovery, after stalling in April and May, with 5.3 percent year-on-year growth in the first six months of 2011. Analysts had voiced concerns at the possibility that 2011 could be the first year to record decreasing sales after ...

China's service sector growth continues decline in June

Follow the stock market. Get the updates you need to make sense of the dynamic, global economy. China.org.cn brings you the economic highlights for this week . A service sector purchasing managers' index fell to 57 percent from 61.9 percent in May, the China Federation of ...

Chinese stocks close higher on Monday as tightening concerns ease

An individual investor is seen at a brokerage house in Fuyang, east China's Anhui Province, July 4, 2011. The benchmark Shanghai Composite Index strengthened to 2812.82 on Monday, up 53.46 points, or 1.94 percent. The combined trading volume of China's stock exchange centers in ...

Markets get a boost from June PMI data

The booth of Inner Mongolia Yili Industrial Group Co at an expo in Shanghai. The dairy producer added 3.8 percent to 17.29 yuan ($2.98) on Friday, its highest close since June 10.[Photo / China Daily] Shanghai - Most stocks on the Chinese mainland rose on Friday, capping a second ...

Greek measures boost equity markets

China Shenhua Energy Co climbed 2.7 percent to 30.14 yuan ($4.66) on Thursday. Oil and coal companies led gains for commodity producers on higher raw-material prices. [Photo / China Daily] Shanghai - Stocks on the Chinese mainland rose, paring the benchmark index's first ...

Buffet-backed BYD booms in Shenzhen debut

BYD's Q1 net profit fell by over 80 percent year-on-year due to slowdown in automobile businesses. Buffet-backed BYD booms in Shenzhen debut Shares of China's BYD Co., a private automaker backed by billionaire Warren Buffett, rose by 22.22 percent on Thursday in its debut on the ...

Shanghai Home Sales Likely to Dwindle

A general view of old and new apartment buildings in Shanghai. Sales of both new and existing houses are expected to register a month-on-month decline in Shanghai in June with prices remaining stable. [Photo: Shanghai Daily] Sales of both new and existing houses are likely to ...

Pork producer's shares slide

A China Yurun Food Group Ltd's booth at an expo in Beijing. It's shares declined amid speculation that Muddy Waters LLC may issue a negative report on the food company. [Photo / Provided to China Daily] China Yurun drops amid rumors of damning report by research firm Shanghai - ...

Vice premier: Curbing inflation top priority

Follow the stock market. Get the updates you need to make sense of the dynamic, global economy. China.org.cn brings you the economic highlights for this week . China's consumer price index, a gauge of inflation, rose 5.5 percent in May on an annual basis, nearly reaching a three...

Group Buyers Vie for Biggest Market Share

An advertisement for 55tuan.com on a public bus in Zhengzhou, the capital city of Central China's Henan province. The number of Chinese group-buying websites are sprouting like bamboo shoots after a spring rain, but industry experts doubt all will survive. [Photo: China Daily] ...

Group buyers vie for biggest market share

An advertisement for 55tuan.com on a public bus in Zhengzhou, the capital city of Central China's Henan province. The number of Chinese group-buying websites are sprouting like bamboo shoots after a spring rain, but industry experts doubt all will survive. [Photo / for China ...

Off-balance sheet loans jump 110%

Since last October, China has raised interest rates four times and lifted the reserve requirement ratio nine times. Chinese banks helped arrange 320 billion yuan (US$49.5 billion) of loans between companies in the first quarter that weren't recorded in the lenders' balance sheets...

Dollar rallies on Fed decision, Greece agreement

The U.S. dollar rose against major currencies this week, as the Federal Reserve decided to maintain its ultra-loose monetary policy and Greece reached agreements with international organizations on its new austerity plan. The Fed ended its two-day monetary policy meeting ...
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