Macro-prudential policy framework urged
2011-06-02 11:00:28
The time is right for China to adopt a macro-prudential policy framework in order to facilitate financial reforms in the post-global financial crisis era, the country's central bank governor said Wednesday.
Tainted food products from Taiwan suspended
2011-06-02 10:23:08
The Chinese mainland announced on Wednesday that as of June 1, it will suspend imports of beverages, food products and food additives from Taiwan that are produced by companies suspected of using a cancer-causing plastic additive.
Lenovo buys into Medion to expand in Europe
2011-06-02 10:18:48
Lenovo Group Ltd, China's largest PC maker by market share, announced on Wednesday that it intends to double its market share in Germany by acquiring Medion AG, a multimedia and consumer electronics maker.
Write-off plan may boost nation's banks
2011-06-02 09:53:42
China's top banks are expected to receive a short-term boost from a plan to have Beijing write off local government debt. However, the move highlights concerns looming over the future impact of the country's lending spree.
China curbs on realty speculation long-term policy: Expert
2011-06-02 09:49:21
China's curbs on real estate speculation are long-term policies, as taming soaring home prices helps control inflation expectations and could ease social discontent over widening wealth disparity, the Securities Times reported on Thursday, citing a senior government researcher.
Developers consolidate amid tightening
2011-06-02 09:41:24
The number and value of mergers and acquisitions (M&A) in China's real estate sector reached a record high in the first quarter of 2011, amid the government's continuous tightening policies to tame inflation and sky-rocketing housing prices.
Energy imports to increase
2011-06-02 09:29:51
China will tackle an impending power shortfall by increasing energy imports, said the National Development and Reform Commission (NDRC), the top economic planner, on Wednesday.
Factory output slowing
2011-06-02 09:17:07
The purchasing managers' index (PMI), a key gauge of manufacturing activity, hit a nine-month low in May, sparking fears that ongoing monetary tightening measures may slow economic growth.
Real-name ticket for high-speed trains
2011-06-01 17:47:29
China began selling real-name high-speed train tickets nationwide on Wednesday in an effort to improve railway security and eliminate ticket scalping.
Ministry investigates rare earth sector consolidation
2011-06-01 17:35:09
The Ministry of Land and Resources has sent an investigation team to five southern provinces to check into rare earth sector consolidation there, Guangzhou-based 21st Century Business Herald reported Wednesday.
Hong Kong stocks close 0.24% lower
2011-06-01 17:21:36
Hong Kong stocks went down 57.7 points, or 0.24 percent, to close at 23,626.43 on Wednesday.
Private foundations get official support
2011-06-01 17:21:22
The Ministry of Civil Affairs will support private foundations by helping them with the registration, Xinhua News Agency reported on Wednesday, citing the Vice Minister Jiang Li.