China

Economy

China retrieves 30 bln yuan in securities crackdown

2010-11-27 07:11

Chinese police have solved more than 150 major crimes concerning securities and futures since 2002, retrieving economic losses worth more than 30 billion yuan, figures from the Ministry of Public Security show.

China uses 8.5m tons of grain reserve to ensure market supply

2010-11-26 22:36

China's top economic planner said on Friday that the country released 8.5 million tonnes of state-reserved grain and cooking oil from November 23 to 26 to ensure market supply meets the demand and to stabilize prices.

PICC to accelerate HK listing plans for 2011

2010-11-26 07:57

People's Insurance Company (Group) of China (PICC), one of the nation's largest insurance groups, will quicken its step towards listing its different divisions as a single entity on the Hong Kong bourse, the group's president, Wu Yan, said on Thursday.

Train line goes through test runs

2010-11-25 11:28

An inspection car runs on the track of Yichang-Wanzhou Railway on Nov 24, the last day of its one-week test run, before an assessment panel from the Ministry of Railways conducts an inspection of the whole line.

Currency settlement benefits Sino-Russia traders

2010-11-25 06:37

China and Russia will expand local currency settlements for bilateral trade, announced Chinese Premier Wen Jiabao and his Russian counterpart Vladimir Putin Tuesday, one day after the yuan started trading against Russian ruble on the Chinese interbank market.

China fights invoices-related crimes

2010-11-25 06:28

Chinese police have uncovered 12,900 cases of fake invoices-related crimes and confiscated 780 million fake invoices in their efforts to contain the spreading of economic crimes since 2008, the Ministry of Public Security said Wednesday.

Chinese software industry revenue boosts in first 10 months

2010-11-24 21:41

China's software industry revenue in the first ten months surged 29.9 percent year on year to 1.09 trillion yuan (160.3 billion U.S. dollars), the Ministry of Industry and Information Technology (MIIT) said Wednesday.