RRR rises stifle private sector: Economist

2011-05-24 09:43:39

China should rely more on adjusting the interest rate than reserve requirement ratios (RRR) to fight inflation, because RRR rises disproportionately hurt private-sector businesses, according to a senior economist.

Italy's economy stir concern across China

2011-05-24 09:24:17

The lower outlook for Italy's sovereign debt triggered wide concern across China as it could add uncertainty to the bumpy recovery of Europe, the country's largest trading partner. However., some analysts said the concerns are unnecessary.

ICBC launches dual-currency credit card

2011-05-24 09:19:31

The world's largest commercial bank ICBC launched its bid to promote its dual-currency credit card outside China on Monday -- with international investor Jim Rogers among the first holders.

Unprecedented power shortages expected

2011-05-24 09:15:13

China is likely to face the most severe power shortage in its history this summer, with the electricity shortfall increasing to at least 30 gigawatts (gW) and estimated to peak at 40 gW, officials said.

China-ASEAN FTA works on win-win for all

2011-05-24 09:05:27

Indonesia stands to benefit from the implementation of the China-ASEAN free trade agreement (FTA) with easier access to more deals in new markets for its manufactured products and raw materials.

Sino-African fund set to swell in 5 years

2011-05-24 09:01:38

The China-Africa Development (CAD) fund, the country's biggest equity fund targeting African investments, is set to expand to $5 billion in the coming five years, according to Chi Jianxin, president of the fund.

China's power shortage may be worse than 2004: State Grid

2011-05-23 17:38:05

China witnessed the worst power shortage in decades in 2004, but the country's leading power distributor said Monday that this year might prove worse.

China int'l underwear exhibition 2011 opens in Shenzhen

2011-05-23 17:10:11

China international underwear exhibition 2011 kicked off in Shenzhen on Saturday.

Chinese economy faces double risks: Report

2011-05-23 17:01:43

A Peking University research center released China's Economic Growth Report 2011 on Saturday, the Economic Information Daily reported.

$1b jumbo deepwater rig delivered to CNOOC

2011-05-23 16:46:13

A 3,000-meter deepwater jumbo oil drilling platform was delivered here Monday to China National Offshore Oil Corp (CNOOC), the country's largest offshore oil producer, the latest step for China as it seeks more energy from the ocean.