$1.8 billion
Geely buys Volvo for $1.8 billion
Zhejiang Geely Holding Group, China's No 10 automaker, sealed a deal on March 28 to buy ailing Swedish luxury car brand Volvo from US giant Ford for $1.8 billion.
The deal is China's biggest overseas auto purchase, said analysts.
$60b
PetroChina plans $60b of overseas expansion
PetroChina Co plans to spend at least $60 billion in the next decade on overseas acquisitions, challenging Exxon Mobil Corp and BP Plc in the race to control oil and gas fields.
75%
Top 10 most profitable listed firms bag 75% of overall profits
Profits of the top 10 most profitable listed companies account for almost 75% of the overall profits generated by companies listed on the Shanghai and Shenzhen bourses.
2t yuan
Pension fund's assets to reach 2t billion yuan
China pension fund's assets are set to increase to 2 trillion yuan in 2015 from 776.5 billion yuan last year, Dai Xianglong, chairman of the National Council for Social Security Fund, said on March 29.
600b yuan
Chinese banks plan to raise 600 billion yuan this year
Chinese banks may raise as much as 600 billion yuan in the stock market this year, according to their announced plans.
25%
Housing prices increased by 25%
The year-on-year rise of China's housing prices hit a historic high of 25 percent last year, according to a report released by the China Land Survey and Planning Institution.
The 2010 Hurun Wealth Report,said there are 875,000 multimillionaires and 55,000 billionaires in China today, 6.1 percent and 7.8 percent more than last year.
10 years
Rio's Hu gets 10 years in jail
The court in Shanghai found Australian national Stern Hu and three Chinese co-workers guilty of all charges. It sentenced Hu to 10 years on bribery and stealing commercial secrets charges and gave him a fine of 1 million yuan.
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