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Soaring HK rents prompt firms to shift

SURGING office rents in Hong Kong are prompting firms to shift out of the city s most expensive towers as competition for prime space heats up along with the region s growth. Prime office rents in the Central business district soared 34 percent in the six months ended September ...

China to sign business agreements with India

CHINA hopes to have free trade discussions with India during Chinese Premier Wen Jiabao s visit to New Delhi this week. The free trade agreement is the next stage (of India-China relations). It is our hope that we can start the process, China s envoy to India, Zhang Yan, told ...

Nation could aim for 7 trillion in new lending

CHINA was likely to set a target of at least 7 trillion yuan (US$1.1 trillion) in new loans for 2011, said two people briefed on the matter. The government also aimed for 4 percent inflation, 8 percent economic growth and 16 percent money supply expansion for next year, the ...

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Nov. fiscal revenue grows 16.1% THE country s fiscal revenue rose 16.1 percent year on year to 584.07 billion yuan (US$87.7 billion) in November, the Ministry of Finance announced Friday. Power output gains at slowest in 16 months CHINA S electricity output grew at the slowest ...

Exports, imports soar to record highs

CHINA S exports and imports rose faster than expected to record highs in November, customs authorities said Friday, showing the world s second-largest economy was in robust condition. The country s trade surplus shrank in November to US$22.9 billion, the data showed, but the ...

China raises bank reserves 3rd time in a month

THE central bank Friday raised the amount of money the country s lenders must keep on reserve for the third time in a month, following a spate of robust data that strengthened the case for policy tightening. The latest step to raise the reserve requirement ratio (RRR), aimed at ...

Rio to hike Q1 iron ore by 7.6%

GLOBAL miner Rio Tinto would raise iron ore contract prices for Chinese steel mills by 7.6 percent in the first quarter of 2011, two sources said, a move likely to be followed by other major miners Vale and BHP Billiton. Rio, the world s second-largest iron ore miner, had ...

Govt. orders power-station coal contract price freeze

CHINA, the world s biggest coal producer and consumer, has ordered that 2011 contract prices to supply the fuel to power stations be frozen at this year s levels to curb inflation. The government also increased the amount of thermal coal it would allow to be sold under 2011 ...

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Passenger car sales rise to record in Nov. THE country s passenger car sales jumped to a record in November, climbing 27 percent from a year ago, China Daily reported, quoting the China Passenger Car Association. Sales exceeded 1.28 million units last month, up 10.5 percent from ...

$600b for high-speed rail network

CHINA planned to invest three trillion yuan to four trillion yuan (US$450 billion-US$600 billion) in its high-speed rail network between 2011-2015. The high-speed rail industry had been included in the government s list of seven key sectors to be boosted, China Securities Journal ...

Key industries to grow 24% in 2011-15

CHINA S strategic industries would grow at an average rate of 24.1 percent in the years between 2011 and 2015 and growth would slow to 21.3 percent in the next five years, China Securities Journal said yesterday. The government unveiled its targets earlier this year for the seven ...

CSR, GE to invest in U.S. high-speed railway

GENERAL Electric Co. (GE) and CSR Corp., China s largest maker of rail vehicles, plan to invest US$50 million in their U.S.-based venture to supply passenger trains for high-speed lines in California and Florida. The initiative could sustain or create 250 jobs by 2012, potentiall...

Govt. mulls tougher capital rules for big banks

TOUGHER capital rules could be required for China s biggest lenders that were systemically important, the head of the banking regulator was quoted by China Securities Journal as saying yesterday. Higher capital adequacy ratio targets for big banks were also required to build up ...

Major industrial enterprises profits up 49.4%

THE profits of major Chinese industrial enterprises in the 11 months to November grew 49.4 percent year on year to 3.88 trillion yuan (US$588.2 billion), the National Bureau of Statistics (NBS) said yesterday. The enterprises core business revenue rose 31.8 percent year on year ...

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China aims for balance by boosting imports CHINA would strive to achieve a trade balance over time by boosting imports, Zhong Shan, a vice Commerce Minister said in remarks published yesterday. Zhong said the trade balance would not be achieved by suppressing exports. As the ...

Beijing s auto sales crash

BEIJING car dealers endured a cold, lonely Christmas after the city announced Thursday an annual automobile-registration cap that went into effect Friday but failed to immediately relieve congestion. According to Beijing News Daily, the number of jammed roads in the city reached ...

Bakeries claim growing niche in China

GROWING up, Cherie Zhang tended to eat dim sum for breakfast while her parents preferred rice with soup or noodles. Today, Ms Zhang, 30, who lives in Shanghai, regularly gives her 2-year-old son bread or cake for his breakfast. Baked goods are not a staple in a traditional ...

Beijing new car salesto decline 50 percent

NEW car sales in the Beijing city were likely to decline 50 percent next year compared with 2010 because of the recent limit, said Luo Lei, vice general secretary of the China Automobile Dealers Association, the central television reported Friday. Luo said he expected that new ...

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Stocks lose 2 percent in a week CHINA S key stock index closed down 0.7 percent Friday as reduced cash flows from a liquidity crunch in the money market and some speculative selling in large-cap auto stocks sent the market to a weekly loss of 2.0 percent. The benchmark Shanghai ...

Regulator plans tighter rules on IPO sponsors

THE securities regulator was planning to tighten up rules governing sponsors of initial public offerings after a surge of new issues this year sparked concerns about the quality of disclosure in IPO prospectuses, sources said over the weekend. Under the new rules, IPO sponsors ...
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China slams Japan's NHK governor's denial of Nanjing massacre
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world

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GM China chairman to retire
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China's farm product pricing plan shifts to market orientation
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finance

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China cloning pigs on industrial scale
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Cloning is a controversial and decisive issue that has split public ...
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Retailer's Net Profit Falls 3%
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industry

trade

Dollar trades at lower 102 yen level in early Tokyo deals
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TOKYO, Jan. 27 (Xinhua) -- The U.S. dollar traded at the lower 102 ...
Dreamliner launches its world tour in China
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Logistics industry faces reshuffle
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Every day at 7 a.m., Xiao Lin, a Shentong Express courier in Hangzhou, ...
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