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Indian government departments raise concerns about FDI

Red flag over FDI in multi-brand retail Two government departments have come out waving red flags against opening up of multi-brand retail to foreign direct investment (FDI), slowing down the momentum that had gathered pace following US president Barrack Obama s stong push. The ...

Malaysia s CPI for September registered an increase of 1.8%

Malaysia s CPI for September registered an increase of 1.8% The Consumer Price Index (CPI) for the period January to September 2010 increased by 1.5 per cent to 113.6 compared with that of 111.9 in the same period last year. When compared to the same month in 2009, the CPI for ...

China welcomes WTO s final ruling on Sino-U.S. poultry dispute

China welcomes WTO s final ruling on Sino-U.S. poultry dispute From: Xinhua China welcomes the World Trade Organization s (WTO) final ruling that United States restrictions on Chinese poultry imports are inconsistent with WTO regulations, the Ministry of Commerce (MOC) said on ...

China considering new oil pricing mechanism: top economic planner

China considering new oil pricing mechanism: top economic planner From: Xinhua China s top economic planner, the National Development and Reform Commission (NDRC), said on Oct. 26th that a new and more transparent pricing mechanism for refined oil products could be announced this ...

China's economic figures in Q3

China s economic figures in Q3 From: Xinhua China s economy slows to 9.6 pct in Q3, inflation picks up China s GDP grew 9.6 percent in the third quarter from the same period last year, the National Bureau of Statistics said on last Thursday. The growth rate slowed down from 11.9 ...

China calls for global cooperation to enhance safety of consumer goods

China calls for global cooperation to enhance safety of consumer goods From: Xinhua China s quality watchdog on Oct. 27th called for joint efforts from other countries to enhance the safety of consumer goods. Zhi Shuping, director of the General Administration of Quality ...

China to further enhance stability in 2011-2015

China to further enhance stability in 2011-2015 China will further enhance social stability by better protecting people s rights and interests to nip risks of unrest in the bud over the next five years, according to an official document released on Oct 28th. The document, the ...

China s auto output and sales surpassed 13 million in first 3 Quarters

China s auto output and sales surpassed 13 million in first 3 Quarters From January to September of 2010, China s auto output and sales were 13.0827 million and 13.1384 million, up by 36.10% and 35.97% year on year respectively. The output and sales of passenger vehicles were 9...

China solar energy firm to set up joint venture in India

China solar energy firm to set up joint venture in India From: Xinhua A big solar water heater producer, China Himin Solar Co., Ltd., plans to launch a joint venture manufacturing plant in India, said Huang Ming, chairman of the Chinese firm, on Oct. 28th at on-going Delhi ...

China to nurture 7 new strategic industries

China to nurture 7 new strategic industries From: Xinhua China will nurture and develop seven new strategic industries with favorable policies in the next five years, according to an official document released on Oct. 28th. The document, the Communist Party of China (CPC) Central ...

Subsidies spur purchase of 8 mln cars, motorbikes in rural China in first 9 months

Subsidies spur purchase of 8 mln cars, motorbikes in rural China in first 9 months From: Xinhua The Chinese government paid 11.6 billion yuan (17.39 billion U.S. dollars) in subsidies for the purchase of 8.11 million cars and motorbikes in rural areas in the first nine months of ...

China to strive for green growth in next 5 years

China to strive for green growth in next 5 years From: China Daily China will strive for green, as well as balanced, coordinated and sustainable growth in its next five-year development plan period, Chinese Premier Wen Jiabao said last Thursday. We are determined to take more ...

President Hu advocates unity, development at G20, APEC meetings

President Hu advocates unity, development at G20, APEC meetings From: Xinhua Chinese President Hu Jintao's attendance at the Group of 20 (G20) and Asia-Pacific Economic Cooperation (APEC) meetings on Nov. 11-14 has achieved the goals of enhancing understanding, advocating ...

China s central SOEs report 55% increase in net profits

China s central SOEs report 55% increase in net profits From: Xinhua China s centrally-administered state-owned enterprises (SOEs) reported a 55-percent rise year on year in combined net profits in the first nine months, the SOE authority announced last Thursday. Net profits of ...

Europe faces prospect of more bailouts

Europe faces prospect of more bailouts Europe s government debt crisis intensified last Thursday as worries grew that the continent s most financially troubled countries, mainly Ireland and Portugal, will need a bailout to avoid bankruptcy just as Greece did earlier this year. ...

Increasing costs worry business managers

Increasing costs worry business managers From: China Daily Nearly three-quarters of Chinese entrepreneurs considered the rising costs of labor and raw materials as their biggest challenge both at present and in the future, according to a survey among more than 4,000 managers. The ...

Import growth outpaces China s exports in October trade

Import growth outpaces China s exports in October trade China s exports rose 22.9 percent in October from a year earlier to 135.98 billion U.S. dollars, while imports increased 25.3 percent to 108.83 billion U.S. dollars, the General Administration of Customs (GAC) said last ...

China targets liquidity to cool inflation

China targets liquidity to cool inflation China's Ministry of Commerce said on Tuesday it will adopt measures and work in concert with other government agencies to cool the inflation heat prevailing in the country. "We would enhance the connection between vegetable production and ...

China limits housing purchases by foreign individuals, institutions

China limits housing purchases by foreign individuals, institutions From: Xinhua China s Ministry of Housing and Urban Rural Development announced Monday that purchases of housing by overseas organizations and individuals in the country would be capped or restricted, a move ...

China s October electricity consumption up 8.5%

China s October electricity consumption up 8.5% From: Xinhua China s power consumption in October rose 8.5 percent year on year to 340 billion kilowatt-hours (kWh), the China Electricity Council announced Tuesday. Of note, the amount was slightly lower than the 349.8 billion kWh ...
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Chinese investors look to overseas opportunities
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Retailer's Net Profit Falls 3%
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sports

Yao's gift of sport for all
Yao's gift of sport for all
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Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
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