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Power prices may be raised: CHINA may raise both on-grid and retail power prices in some regions as early as in April, industry and government sources said yesterday, in the first hike since late 2009 aimed to mainly help power generators to cope with rising coal costs. The increase would be moderate and ...

Western DIY outlets not popular in China: China is more of a DIFM (do-it-for-me) market. Ron DeFeo Home Depot spokesman AT a near-empty B&Q home-improvement outlet in Beijing, much of the pedestrain traffic is due to the location of a public toilet next to the entrance not the store s patio furniture or circular saws. It ...

Regulator warns of property bubble risks: RISKS that could lead to a property bubble are still building up in China, and more action is needed to cool speculative fervor, the country s banking regulator said Tuesday. In a report about last year s banking performance, the China Banking Regulatory Commission (CBRC) also ...

News Bites: Credit growth CHINESE money and credit growth are moving in line with policy aims, and prudent policy is still needed to keep a lid on inflation, the People s Bank of China said yesterday. The central bank also said the foundation of the global economic recovery was not solid. It ...

China able to meet4% inflation target: CHINA will be able to cap inflation below the full-year target of a 4 percent average rise in prices, the People s Daily said in a front-page editorial published yesterday. As the main newspaper of the Communist Party of China, the People s Daily commentary reflects growing ...

Chinese firms encouraged to explore India: CHINESE enterprises are encouraged to seek opportunities for investment in India as both the Indian and Chinese governments are striving to resolve a trade imbalance between the two countries, an investment promotion briefing said late last week. There has been a phenomenal ...

News Bites: Govt. should expand house buying limits THE government should expand home purchase restrictions to the entire country over the next three years, a government think tank said Friday, underscoring official intention to cool sky-high property prices. The government has already ...

Firms ordered to cut CO2 intensity by 18%: CHINA S industrial firms will be forced to cut their carbon and energy intensity levels by as much as 18 percent over the next five years, according to mandatory targets announced yesterday. The target was higher than first planned, with industries originally expected to cut CO2 ...

First crop of Longjing tea: Workers pick tea buds Friday at a plantation in Xihu District, Hangzhou City, kicking off the first crop of Longjing tea, one of China s best known green teas. The price of fresh new Longjing tea this spring is expected to increase 20 percent over last year due to rising ...

Investments halt in Libya after heavy losses: AS allied forces stepped up air strikes to oust Muammar Gadhafi s regime in Libya, China has decided to halt its investment activities in the North African country amid reports that some of its companies may have suffered heavy losses due to the crisis. China will not make new ...

China to surpass U.S. by 2030: CHINA could overtake the United States as the world s largest economy if it maintains annual growth of 8 percent over the next 20 years, the World Bank s chief economist said. China, which last year overtook Japan as the No.2 economy, has already set a growth target of 8 percent ...

U.S. slaps anti-subsidy dutyon Chinese wood flooring: THE U.S. Department of Commerce said late Tuesday it had set preliminary duties of up to 27.01 percent on multilayered wood flooring from China to offset alleged government subsidies. The decision is in favor of U.S. manufacturers Anderson Hardwood Floors, Award Hardwood Floors ...

China urges equal market access overseas: CHINA S Minister of Commerce Chen Deming on Sunday urged foreign governments to improve their investment environment and provide equal access for Chinese investors, domestic media reported. The Central Government will encourage Chinese businesses to expand globally over the next ...

PBOC urges caution on interest rate rises: CHINA is facing strong inflationary pressure, but will tread cautiously in raising interest rates, said Yi Gang, a deputy governor with the People s Bank of China. Yi told a business conference in Hong Kong yesterday that he was confident the government would be able to keep ...

Low-carbon cars well received: A potential buyer test-drives a low-emission car at an auto show in Harbin City, Heilongjiang Province, on Monday. More Chinese consumers have been favoring energy-saving cars as gas prices have surged in recent months. Xinhua

Beidou to generate $60b by 2020: CHINA S Beidou global navigation system is expected to generate revenue of about 400 billion yuan (US$60 billion) by 2020 as the country attempts to compete with foreign GPS technology, a senior space technology expert said Saturday. By 2015, our country s Beidou project will ...

News Bites: IBM fined U.S. technology giant IBM was fined US$10 million to settle a complaint its employees tried to bribe South Korean and Chinese officials with cash, gifts and entertainment for more than a decade in return for business, reports said yesterday. Regulators from the U.S. ...

Carmakers look to an electric future: The new energy vehicle opportunity here is probably bigger than in other countries. Ian Robertson BMW management board member MAJOR carmakers high hopes for electric vehicles are on clear display at the Shanghai auto show, but industry leaders say it could be a decade before such ...

Rare metals output capped, mandatory quota raised: CHINA has raised the mandatory quota for the production and smelting of five rare metals this year, demanding priority to key enterprises when distributing the assignment, according to the Ministry of Industry and Information Technology (MIIT). The quota, set by the MIIT, the ...

Ctrip surfs China s homegrown travel wave: A CRESCENDO of voices builds on a typically bustling day in the Shanghai headquarters of Ctrip.com as staff put together hundreds of tourist trips. It is the sound of China s travel boom. Call after call comes in to Asia s largest travel call center from mainly Chinese consumers, ...

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