China opening up border areas to boost trade

2013-01-07 16:49:43

China Securities Journal reported that ministries including the Ministry of Commerce are drafting a 2011-2020 guide for border areas to develop new engines for foreign trade.

China's budget deficit to expand in 2013

2013-01-07 16:48:38

China's budget deficit is likely to expand in 2013 as the government's increased expenditure and tax reform measures will lower the growth rate of its revenue.

Quality watchdog keeps eye on VW

2013-01-07 16:19:20

An official from China's quality watchdog has said in an interview the administration is closely monitoring the quality of Volkswagen's direct-shift gearboxes.

China's food prices expected to rise

2013-01-07 16:06:56

Experts forecasted that China's food prices will face a new round of inflation amid unfavorable weather and the approaching Spring Festival.

China's GDP to grow 8.1% in 2013: report

2013-01-07 15:56:11

China's GDP is projected to grow 7.8 percent in 2012 and 8.1 percent in 2013 as foreign trade, consumption and investments will outperform those seen in 2012.

Huawei expects net profit to increase 30% in 2012

2013-01-07 15:54:21

Huawei, China's largest maker of telecom equipment, expects a net profit of $2.4 billion in 2012, up about 30 percent from a year earlier.

Beijing seniors give $240 yearly to children

2013-01-05 11:31:09

A survey found that senior people in Beijing give their children and grandchildren 1,500 yuan ($241) yearly on average in Beijing.

Companies raised 650m yuan via bonds in 2012

2013-01-04 16:50:15

Chinese companies issued 484 new corporate bonds in 2012, a 148 percent increase year-on-year, the Shanghai Securities News reported on Friday.

Jusco to expand in China with new business model

2013-01-04 16:10:33

Department store operator Jusco, which stands for Japan United Stores Company, plans to accelerate its expansion in the Chinese market with a new business model in Guangzhou.

Geely's exports surged 164% in 2012

2013-01-04 15:51:03

China's privately owned automaker Zhejiang Geely Holding Group Co said on Friday that its exports surged 164 percent year-on-year in 2012.

Online gaming market revenue to hit $11b in '13

2012-12-28 16:17:49

The total revenue of China's online gaming industry is expected to hit 68.5 billion yuan ($11 billion) in 2013, driven by rapid expansion in the mobile games and browser games sectors.

Ex-railway official on trial for corruption

2012-12-27 13:10:15

A former high-level railway official went on trial in Harbin on Monday, after being accused of bribery and illegal possession of a gun and ammunition.