Yuan hits new high against US dollar at 6.4950 - May 10
2011-05-10 11:12:50
The Chinese currency renminbi (RMB), or the yuan, Tuesday gained 38 basis points from the previous trading day to hit a record new high of 6.4950 per US dollar.
Production battles against the dark ages
2011-05-10 11:09:05
The power shortage, which is rare in low-energy-consuming months, has cut a large swath in the country, including important economic powerhouses in the east and south and many provinces in other parts of China.
Coal, oil and US jobs data boost the markets
2011-05-10 11:05:29
Stocks on the Chinese mainland rose the most in almost a week on Monday. The advance came after commodity prices rose and higher-than-forecast growth in the US job numbers bolstered confidence in the global recovery.
HSBC Q1 net profit $4.15b
2011-05-10 10:52:47
HSBC released its Interim Management Statement (IMS) on Monday stating that its net profit in the first quarter of this year was $4.15 billion, up 58 percent year-on-year, resulting in basic earnings per ordinary share of 23 cents, up 53 percent.
Asia chairman sought by TPG
2011-05-10 10:45:56
TPG Capital, the buyout company that manages $48 billion, is seeking a chairman for its Asian operations to help it compete for investments in China, said three people with knowledge of the matter.
Cathay, Air China in cargo venture
2011-05-10 10:41:18
The Hong Kong-based international airline Cathay Pacific Airways Ltd and the Chinese mainland's flag carrier Air China Ltd are tapping into the nation's competitive cargo business with the start of a joint air cargo carrier Friday in Beijing.
Strong sales of luxury goods in the bag this year
2011-05-10 10:33:50
China's wealthy only-child teenagers and working women mean large market for luxury brands.
China to double solar-power capacity by 2015
2011-05-10 10:32:29
China's solar energy industry is ready to boom in the next 10 years with the nation expected to become a major photovoltaic-module consumer after being the biggest exporter, said a senior executive with Applied Materials Inc.
Ecolab hopes to cash in on food safety awareness
2011-05-10 10:09:14
Ecolab Inc, a US-based producer of disinfectant and food safety services company, plans to increase investment in China, thanks to fast-growing demand in the local market, said one of the company's top executives.
China's GDP to triple by 2030: BCG
2011-05-10 10:02:09
China's gross domestic product (GDP) is expected to triple to $17.7 trillion from the current $5.9 trillion by 2030, and growth must be built on sustained investment in the capabilities of individuals and teams.
China's April CPI to stay above 5%: Survey
2011-05-10 09:49:16
China's consumer price index (CPI), a main gauge of inflation, may stay at a high level and rise 5.15 percent year-on-year in April, according to a survey released Monday by Xinhua08, a financial trading system established by Xinhua News Agency.
Baidu wins top 100 branding accolade
2011-05-10 09:41:45
The Chinese Internet search engine Baidu Inc has been named as the most valuable brand for a non-State-owned Chinese company.