Fresh veggies, straight from the farm
2011-05-17 15:33:41
It is 8:20 in the morning, and Liang Jianping is busy tidying up his small vegetable booth at the gate of the second community of Yulin Dongli, in Fengtai district.
Well-known investor announces 'running-away'
2011-05-17 15:28:58
Wang Gongquan, a partner of CDH Investments, announced Monday via Sina micro blog that he plans to elope with Wang Qin.
Paper making industry to close 7% output in 2011
2011-05-17 15:02:03
The Ministry of Industry and Information Technology urged China's paper making industry to eliminate outdated production capacity of 7.45 million ton this year. That’s about 7.4 percent of the industry's total output, the Oriental Morning Post reported Tuesday.
China's realty won't go US way
2011-05-17 14:58:59
Housing prices in China have risen by 53 percent over the last four years, raising concerns that a bubble has been created in the real estate sector. There is little doubt that there has been a growing speculative component in property markets in many Chinese cities and/or segments, which in turn has pushed up housing prices beyond their fundamentally justified levels.
Chengdu reconstruction is widely praised
2011-05-17 14:47:16
Three years ago, a devastating earthquake hit Sichuan province and laid Wenchuan county in ruins. The city of Chengdu also suffered, as several of its counties, namely Dujiangyan, Pengzhou and Chongzhou were also badly hit. According to official data, the direct economic loss for Chengdu city reached 127.7 billion yuan ($19.65 billion).
Yum's bid for Little Sheep subject to anti-monopoly review
2011-05-17 14:46:19
Yum! Brands' proposed bid for Chinese hot pot restaurant chain Little Sheep Group will be subject to China's anti-monopoly inspection process, Ministry of Commerce spokesman Yao Jian said Tuesday.
EU approval for PetroChina bid
2011-05-17 13:46:04
The European Union's (EU) antitrust regulator on Friday approved a bid by PetroChina Co Ltd to take joint control over certain assets currently wholly owned by Ineos AG of Switzerland.
Pangda to invest in Spyker
2011-05-17 13:43:39
Spyker Cars NV, the Dutch supercar maker, said China's Pangda Automobile Trade Co agreed to invest in the company, four days after a deal with Hawtai Motor Group collapsed.
Youku launches new service
2011-05-17 13:40:03
Youku.com Inc, China's largest online video company by market share, launched a video-searching service on Monday, a move that puts it in competition with search engines, such as Baidu Inc and Google Inc.
China cuts US Treasury holdings for 5th month
2011-05-17 13:38:03
China, the biggest buyer of US securities, trimmed its holdings for a fifth straight month.
China's sports industry sets five-year target
2011-05-17 13:33:35
The General Administration of Sport of China recently released the 12th Five-Year Plan (2011- 2015) for the sports industry.
China, Brazil open wider for each other
2011-05-17 13:21:40
Brazil vowed Monday to open their markets wider for each other's businessmen with more investment and export opportunities.