shenzhen

ONE of the Commonwealth Bank of Australia s (CBA) part-owned Chinese banks has become embroiled in a US$227 million credit scandal which has extended to at least two other banks in the region. Senior CBA executives have been briefed about the fraud, which centers on its 20 ...
People click on coupon machines to get discounts near a supermarket entrance in Beijing in this Nov. 24 photo. More than a craze, discount shopping is becoming a way of life for young Chinese. Known as the coupon generation, they are changing the way business is done in the world ...
China to stockpile 73m barrels of imported oil CHINA will pump about 10 million tons or 73 million barrels of imported oil into its storage facilities in 2011, according to research by top Chinese oil and gas producer China National Petroleum Corp. (CNPC). The Research Institute ...
CONCERNS about policy tightening in China had pushed up interest rates on informal loans, a barometer of funding cost for smaller businesses, central bank officials said over the weekend. Zhang Jianhua, head of research at the People s Bank of China, said a central bank survey ...
THE central bank and banking regulator both want to restrain lending this month, but they are at loggerheads over how low to set the ceiling and how to enforce it, domestic media reported yesterday. The report, quoting several unidentified sources, said the People s Bank of China ...
EUROPE could definitely solve its debt problems and China would continue to support the euro s role as an alternative to the dollar in global financial markets, a Chinese central bank adviser said yesterday. Xia Bin, an academic adviser to the People s Bank of China, told ...
CHINA should focus on increasing domestic demand and rebalancing its economy rather than relying too much on monetary policy to fight inflation, central bank Deputy Governor Yi Gang said in remarks published yesterday. Yi told a State-affiliated magazine that monetary policy ...
CHINA and India would be the largest and third-largest economies in the world by 2050, signaling a back to the pre-industrial revolution world order, with the United States at No. 2, concluded two influential reports from HSBC and PwC, respectively. India could overtake Japan as ...
PROPERTY tax, seen as a silver bullet to curb excessive growth in China s housing prices, triggered an intense debate among economists and industry analysts recently, with some saying it may not help tame soaring prices but rather, increase costs for home buyers. The property tax ...
THE central bank raised lenders required reserves Friday for the fourth time in just over two months to make good its vow that inflation fighting will be a top priority for the year. The 50-basis-point increase, effective Jan. 20, will raise the reserve requirement ratio for ...
Exports seen to grow less than 10% in 2011 CHINA S exports were estimated to grow less than 10 percent in 2011, the Ta Kung Pao newspaper said Saturday, quoting a person in the country s trade system. China s commerce ministry has set a target to increase its foreign trade by 10 ...
RETIRED professor Chen Chongyu and his wife Liu Zhenjuan dreamed of coming back to China from their daughter s home in France, but until last year the couple had nowhere to go. That changed when they found Cherish-Yearn, an upscale retirement community on the fringes of Shanghai ...
SHANGHAI would this year prepare for a trial property tax, Mayor Han Zheng said in a government report yesterday. Han gave no details of how much the tax would be or when it would be implemented. China is expected to introduce a 0.8 percent tax rate, which will have a limited ...
A CHINESE porcelain manufacturer has won an order to make the official tableware to be used at the British royal wedding of Prince William and his fiancee Kate Middleton. Guangxi Sanhuan Group, based in Beiliu, a city in China s southern Guangxi Zhuang Autonomous Region, known ...
Cao Zhen SHENZHEN S office and retail properties delivered a year of strong rental growth with healthy demand from international and local players, according to the annual report released by Jones Lang LaSalle over the weekend. Last year, the vacancy rate among the city s top...
CHINESE reforms to unshackle the yuan ahead of President Hu Jintao s U.S. visit are part of the country s own long-term strategy, overseas analysts say, as the currency assumes a higher global profile. When Hu arrives in Washington today, U.S. President Barack Obama and lawmakers ...
Power capacity THE country s power-generation capacity gained 10 percent last year, matching the increase in 2009, as consumption rose, Xinhua said yesterday. Installed capacity climbed to 962,190 megawatts in 2010, the news agency reported, citing data from the China Electricity ...
THE government said Tuesday rare earth exports rose 14.5 percent in the 11 months of last year to November as prices more than doubled, with most of the shipments going to Japan, Europe and the United States. Exports of the minerals 17 elements vital to everything from iPods to ...
CHINA would launch a State-level investment review body to check that merger and acquisition (M&A) deals struck by foreign firms in the country did not endanger national security, China s State Council, the Cabinet, said Saturday. Foreign investments in military, agriculture, ...
PREMIER Wen Jiabao said China must avoid an abnormal increase in bank lending at the beginning of this year and would continue to use various monetary policy tools to maintain a reasonable amount and pace of financing in the country. The remarks, which Wen made at a Cabinet ...
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China slams Japan's NHK governor's denial of Nanjing massacre
China slams Japan's NHK governor's denial of Nanjing massacre
BEIJING, Feb. 5 (Xinhua) -- China on Wednesday slammed the remarks of ...
China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
BEIJING, Jan. 22 (Xinhua) -- Policies of China's new leadership in the ...
Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
GM China chairman to retire
GM China chairman to retire
CHICAGO, Jan. 24 (Xinhua) -- General Motors Co. announced Friday that ...
China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
The Number One Document also proposed a new pricing plan for China's ...
IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
China cloning pigs on industrial scale
China cloning pigs on industrial scale
Cloning is a controversial and decisive issue that has split public ...
Gaming Firms Find Going Tough
Gaming Firms Find Going Tough
Employees demonstrate Sony Ericsson Mobile Communications' Xperia Play ...
Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
A Wal-Mart store is seen in Stratford, Connecticut, the United States. ...
Dollar trades at lower 102 yen level in early Tokyo deals
Dollar trades at lower 102 yen level in early Tokyo deals
TOKYO, Jan. 27 (Xinhua) -- The U.S. dollar traded at the lower 102 ...
Dreamliner launches its world tour in China
Dreamliner launches its world tour in China
China has become Boeing Co's priority market amid the European debt ...
Logistics industry faces reshuffle
Logistics industry faces reshuffle
Every day at 7 a.m., Xiao Lin, a Shentong Express courier in Hangzhou, ...