Civil servants bleed health budget
2012-06-15 13:55:10
The public health service budget for civil servants in Guangzhou amounts 1.4 billion yuan ($220 million) for a city with 2.1 million rural residents, people.com.cn reported.
Ikea partners with Chinese solar energy company
2012-06-14 17:09:11
Ikea said that it will partner with Hanergy Holding Group to install solar photovoltaic panels on all Ikea-owned buildings in China over the next three years.
Shenzhou IX launch to boost aerospace shares
2012-06-13 17:25:40
The launch of the Shenzhou IX spacecraft in mid-June will drive the aerospace sector in the A-share market to rocket, Western China Metropolis Daily reported on Monday.
Chinese now 2nd biggest int’l buyer of US property
2012-06-13 16:28:30
Chinese buyers have become the second largest group of foreign buyers in the US real estate market after the Canadians, Financial Times reported, citing a research report by the US National Association of Realtors.
Design of C919's engine completed
2012-06-13 16:27:00
The design stage of the engine for the C919 - China's first locally produced commercial aircraft - has been completed and the engine will start to be produced soon.
Wal-Mart involved in pork scandal again
2012-06-12 16:47:18
Wal-Mart has been caught selling diseased pork ribs, reported National Business Daily on Tuesday.
Beijing may use cameras to monitor gutter oil
2012-06-12 11:11:10
Beijing may install more than 60,000 electronic cameras to monitor restaurants’ "gutter oil", or recycles kitchen oil, to prevent it from being re-used as cooking oil, Beijing Times reported Tuesday.
Provinces, cities to start tax reform soon
2012-06-11 17:23:56
About 10 provinces and cities in China will start tax reform soon in order to accelerate economic transformation.
Banks may be forced to cut mortgage rates
2012-06-11 17:16:07
Guangdong Huaxing Bank said Sunday it will offer a 30 percent discount for first home buyers applying for mortgages.
Alleged fraudulent banker arrested
2012-06-11 17:08:42
Lin Chunping, a Wenzhou entrepreneur who allegedly fabricated a story about purchasing a US bank, was arrested by police on suspicion of illegally issuing value-added tax invoices on Saturday.
3M to invest $50m in China R&D
2012-06-11 16:27:32
Conglomerate 3M said it plans to invest $50 million to develop new technologies and products for the Chinese market in the next five years.
CEO: Airbus orders to tumble
2012-06-11 16:19:04
2012 will be a soft year for Airbus SAS in term of orders compared with 2011 as a result of the slowdown of the whole aviation industry.