Economy

Wuhu scraps week-old housing policy

China's economy to see soft landing

Experts says that China will manage to weather adversity stemming from thwarted investments and exports to achieve a soft landing in its macroeconomy this year.
Lai Changxing won't face execution

Local prosecutors said on Monday that Lai Changxing, who confessed to running one of the largest smuggling operations in the nation's history, will not face execution for his crimes.
China to deepen agricultural coop with US

The agricultural ministries of China and the United States will further enhance agricultural exchanges and cooperation, deepening mutual understanding and trust, so as to achieve mutually beneficial development in the future.

US short-sellers muddy the waters

Shanghai has plans for smaller lenders

Shanghai is encouraging more foreign companies to set up microfinancing operations, the city's financial authority said on Monday, ahead of the opening of the first such organization in the municipality.
Lower provision rule not necessary

Analysts said now is not the time for banking regulators to lower the provision-ratio requirements for commercial lenders since lending is still proceeding at a fast pace and banks are trying to expand credit.
Borrowers face costly payback

From loan sharks and underground banks to pawnshops and auction houses, the private lending chain is huge and diverse, according to economists, who blame the situation largely on the struggles experienced by entrepreneurs in getting startup funds through authorized channels.

Dangdang, Gome in co-op talks

Dangdang may join hands with Gome to develop its product portfolio in the face of increasing challenges from competitors.

Online luxury market soaring

The turnover of China's online luxury market has exceeded $1.59 billion and the market is likely to continue expanding over the next several years.

Web stores gear up for lovers' day

Festival has gained a firm foothold on the Web-based retail landscape.

Seeking a design for living

Haining may soon give Paris a run for its money with its own set of unique designs and brands.

Use of fossil fuels to decline

China still faces great challenges in optimizing its energy structure.

Qihoo products offline from Apple

China to regulate wealth management sector

The China Banking Regulatory Commission released guidelines on the sales of wealth management products by commercial banks.

New standards for C-NCAP announced

The new China-New Car Assessment Program management rules have been unveiled, sources reported on Oct 12.

Iran suspended a gas contract with CNPC

Suntech sees China gaining from falling solar prices

There are no reasons why China and the United States cannot engage in friendly cooperation, Vice-President Xi Jinping said.

CBRC weighs debt extensions

The China Banking Regulatory Commission is considering long-term extensions of bank loans to local governments, a CBRC official told China Daily on condition of anonymity.

Machinery sector facing friction

The growth of China's machinery exports will slow this year because of the weakening global economy and increasing protectionism in developed countries, Cai Weici, deputy-president of the China Machinery Industry Federation, said.

Wuhu halts week-old housing policy

A third-tier city in eastern Anhui province has called an abrupt halt to a housing policy that was announced only last week.

Industries

Machinery sector facing friction

Domestic auto sector makes big impact

Brilliant sales in the car market of China last year helped General Motors, Volkswagen and the Renault-Nissan Alliance outperform Toyota to become the top three global carmakers.
Mini SLRs set to snap up the photo market

Digital single-lens reflex cameras may be the most powerful gadget for taking photos but are far from the simplest to use. And the simplest pocket ones? They are usually not so powerful.
European freeze boosts down industry

A significant increase in European orders for down products from factories in East China's Zhejiang province since late January has created an opportunity for the local industry's revival.

Company gives out car as bonus

China's aviation giant to expand fleet

A major Chinese aviation group said Monday it will expand its aircraft fleet and boost revenues to become a global carrier by 2015 as the country's aviation industry grows.
China Grand Auto in talks with Sanroad

China Grand Auto, the second-largest domestic car dealer measured by revenues, is eyeing an acquisition that is still under negotiations.
Beijing Automotive introduces new vehicle

In the midst of stiffer competition that placed Chinese homegrown cars in a tight spot, Beijing Automotive Group (BAIC Group) announced it would launch its first own-brand car next month.

Festival puts inequality in focus

While Westerners are astonished by rich Chinese consumers' appetite for luxury goods, people in rural China on average earn less than 7,000 yuan ($1,100) a year.
Ups and downs of renminbi

Short-term capital flows make exchange rate more volatile, posing new challenges for decision-makers in China and the United States.
Reciprocal cooperation

Canadian Prime Minister Stephen Harper arrived in Beijing late on Tuesday for a five-day visit to China. He has come at an important moment when both sides feel an increasing need to bring bilateral ties to a new level.

Govt to wipe out substandard slaughtering

China is vowing to eliminate substandard meat processing in the country within the next few months as part of a campaign to ensure food is safe, officials said on Friday.
China targeting poverty reduction by family planning

China will further promote family planning policies in a bid to steady birth rates and alleviate poverty in its less affluent counties, according to a new plan on poverty reduction.
China limits foreigners' housing mortgage

The National Development and Reform Commission (NDRC), China's top economic planner, just released a notice, limiting mortgages for foreigners purchasing properties in China, the Shanghai Securities Journal reported Thursday.

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Wuhu scraps week-old housing policy

Experts says that China will manage to weather adversity stemming from thwarted investments and exports to achieve a soft landing in its macroeconomy this year.

Local prosecutors said on Monday that Lai Changxing, who confessed to running one of the largest smuggling operations in the nation's history, will not face execution for his crimes.

The agricultural ministries of China and the United States will further enhance agricultural exchanges and cooperation, deepening mutual understanding and trust, so as to achieve mutually beneficial development in the future.

US short-sellers muddy the waters

Shanghai is encouraging more foreign companies to set up microfinancing operations, the city's financial authority said on Monday, ahead of the opening of the first such organization in the municipality.

Analysts said now is not the time for banking regulators to lower the provision-ratio requirements for commercial lenders since lending is still proceeding at a fast pace and banks are trying to expand credit.

From loan sharks and underground banks to pawnshops and auction houses, the private lending chain is huge and diverse, according to economists, who blame the situation largely on the struggles experienced by entrepreneurs in getting startup funds through authorized channels.

Weekly Reports

There are no reasons why China and the United States cannot engage in friendly cooperation, Vice-President Xi Jinping said.

Machinery sector facing friction

Brilliant sales in the car market of China last year helped General Motors, Volkswagen and the Renault-Nissan Alliance outperform Toyota to become the top three global carmakers.

Digital single-lens reflex cameras may be the most powerful gadget for taking photos but are far from the simplest to use. And the simplest pocket ones? They are usually not so powerful.

A significant increase in European orders for down products from factories in East China's Zhejiang province since late January has created an opportunity for the local industry's revival.

Company gives out car as bonus

A major Chinese aviation group said Monday it will expand its aircraft fleet and boost revenues to become a global carrier by 2015 as the country's aviation industry grows.

China Grand Auto, the second-largest domestic car dealer measured by revenues, is eyeing an acquisition that is still under negotiations.

In the midst of stiffer competition that placed Chinese homegrown cars in a tight spot, Beijing Automotive Group (BAIC Group) announced it would launch its first own-brand car next month.

While Westerners are astonished by rich Chinese consumers' appetite for luxury goods, people in rural China on average earn less than 7,000 yuan ($1,100) a year.

Short-term capital flows make exchange rate more volatile, posing new challenges for decision-makers in China and the United States.

Canadian Prime Minister Stephen Harper arrived in Beijing late on Tuesday for a five-day visit to China. He has come at an important moment when both sides feel an increasing need to bring bilateral ties to a new level.

China is vowing to eliminate substandard meat processing in the country within the next few months as part of a campaign to ensure food is safe, officials said on Friday.

China will further promote family planning policies in a bid to steady birth rates and alleviate poverty in its less affluent counties, according to a new plan on poverty reduction.

The National Development and Reform Commission (NDRC), China's top economic planner, just released a notice, limiting mortgages for foreigners purchasing properties in China, the Shanghai Securities Journal reported Thursday.

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