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Crude steel output rises amid experts' mounting worries: China's crude steel output rose 13.58 million tons to 169.9 million tons in the first quarter of 2011, an increase of 8.69 percent over the same period last year, causing experts to worry about the industry's future. In a report released by the China Iron & Steel Association ...

China's crude steel output rises 8.69% in Q1: China's crude steel output rose 13.58 million tonnes, or 8.69 percent, over the same period last year to 169.91 million tonnes in the first quarter of this year, the China Iron & Steel Association (CISA) said Friday. In its update report of the steel industry, CISA projected ...

Baidu s net profit increase 123 percent in Q1: Baidu released its earnings report for the first quarter of 2011 on April 28. The report shows that Baidu s total revenue in the first quarter of 2011 stood at more than 2.4 billion yuan (about 372 million U.S. dollars), an increase of more than 88 percent compared with the same ...

China's Internet sector at frothy level: China's red-hot Internet sector is due for a correction, with valuations reaching frothy levels, and some players will be eliminated, industry executives and venture capitalists say. But the decline will not be as steep as the dive seen in the US dot.com bubble which burst in ...

NDRC exposes cases of fraudulent pricing: China's top price regulator urged business trading companies nationwide to examine and redress fraudulent pricing behaviors while making public several companies involved in such wrongdoing on Thursday. The companies listed were involved in such misdemeanors as creating fictional ...

China to promote private businesses: The State Council, or China's cabinet, released new regulations on Thursday that will benefit the country's privately-owned businesses in an effort to further promote their role in boosting economic growth and employment. The "Regulations on Individual Businesses," which will ...

China's Internet sector at frothy level: China's red-hot Internet sector is due for a correction, with valuations reaching frothy levels, and some players will be eliminated, industry executives and venture capitalists say. But the decline will not be as steep as the dive seen in the US dot.com bubble which burst in ...

PetroChina's net profit soars to 37 billion yuan in Q1: PetroChina's net profit attributable to shareholders totaled about 37 billion yuan in the first quarter based on Chinese Accounting Standards, up 14 percent from a year earlier, with earnings per share of 0.2 yuan, according to the oil and gas company's first-quarter financial ...

Baidu sees profit soar 123% in 1st quarter: China's largest search engine Baidu said net profit in the first quarter more than doubled with solid traffic growth. Profit surged 123 percent in the first quarter to US$164 million and sales jumped 88.3 percent to US$372 million, beating the higher end of its previous estimate, ...

China to reduce mobile phone test charges: NDRC: China will slash test charges for its mobile phone makers by 25 percent on average starting June 1, the country's top economic planner said Friday. The move aims to regulate charging activities imposed on Chinese businesses and relieve their financial burdens, the National ...

Auto show drives to roaring success: The Aston Martin ONE-77 is unveiled at the 2011 Shanghai Auto Show. Started from April 20, 2011, more than 1,000 car models from about 20 countries are on display at the show and 75 of them are making their world premiere. [Sina.com] A record 715,000 visitors attended the 14th ...

Hyundai Motor to create commercial vehicle JV in SW China: The Hyundai Motor Company signed a formal agreement on Thursday to create a commercial vehicle joint venture in southwest China's Sichuan Province. Hyundai and its Chinese partner, the Sichuan Nanjun Automotive Group, will each have a 50 percent stake in the joint venture, which ...

Craze for luxury cars in China: The Shanghai Auto Show 2011 is set to conclude on Thursday with a "good harvest" for luxury brands, such as Rolls-Royce, Bentley, Ferrari, Lamborghini and Maybach. The most eye-catching car was perhaps Aston Martin's One-77 from the United Kingdom. Five cars of this luxury model, ...

China's farm produce prices fall last week: The price of Chinese farm produce fell last week, the Ministry of Commerce said Thursday, indicating easing inflationary pressures this month. During the week of April 18 to 24, wholesale prices of 18 types of vegetables dropped for the fourth consecutive week, registering a 21.1 ...

Sinopec's net profits up 25.22 pct in Q1: Sinopec Corp., Asia's top oil refiner, said on Thursday that its net profits in the first quarter this year rose 25.22 percent year on year to 20.64 billion yuan (3.17 billion U.S. dollars). Its earnings per share stood at 0.24 yuan, the company said in a statement filed with the ...

Hyundai Motor to create commercial vehicle JV in SW China: The Hyundai Motor Company signed a formal agreement on Thursday to create a commercial vehicle joint venture in southwest China's Sichuan Province. Hyundai and its Chinese partner, the Sichuan Nanjun Automotive Group, will each have a 50 percent stake in the joint venture, which ...

Philippine property giant Ayala starts housing project in north China city: Ayala Land Inc. (ALI), the Philippines' largest real estate company, has started construction on its first ever project in China in the northern city of Tianjin. A foundation laying ceremony was held Thursday for the housing project, covering an area of 97,600 square meters, in ...

China to set up funds for development of green energy counties: China will set up special funds to support the creation of green energy-oriented counties in an effort to promote the use of renewable energy in the country's rural areas, the Ministry of Finance (MOF) said Thursday. The move is believed to be able to help advance clean energy ...

China's insurance premiums hit 461.72 bln yuan in Q1: CIRC: China's insurance premiums rose to 461.72 billion yuan (about 70.98 billion U.S. dollars) in the first quarter of the year, the China Insurance Regulatory Commission (CIRC) said Thursday. Life insurance premiums stood at 321.04 billion yuan for the first three months of the year, ...

China's waste management market expands: Experts say China's waste management industry is heading toward prosperity, as relevant annual output value growth rate in the coming two to three years might hit 30 percent. "In the coming two to three years, the waste management sector will encounter a booming period as the ...

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