Business News

BAIC builds electric car manufacture base (chinadaily.com.cn) Updated: 2009-12-12 10:50 Beijing Automotive Industry Holding Co (BAIC) is building an electric car manufacture base in Beijing, in a bid for reinforcing its competitive edge in the promising green energy vehicle segment.

A moral question on car bans By Bai Ping (China Daily) Updated: 2009-12-04 11:56 If you live outside the Fifth Ring Road of Beijing and work downtown, you'll fret about transportation one day every week when it's your turn to keep your car garaged.

CNOOC earnings 'hit' by lower oil prices By Xiao Wan (China Daily) Updated: 2009-10-22 08:51 China's leading offshore oil producer CNOOC Ltd's pretax profit fell 46 percent in the first three quarters year-on-year due to lower crude oil prices this year, the Wall Street Journal reported yesterday, citing an unnamed source.

China's carbon cut 'voluntary action': experts (Xinhua) Updated: 2009-12-02 16:16 Climate experts said Tuesday it was "unnecessary" for China to receive international inspections on its greenhouse gas emissions cut as the target setting was a "voluntary action" taken by the Chinese government "based on its own national conditions.

Telecom companies' monopoly must end (China Daily) Updated: 2009-12-02 07:54 The Ministry of Industry and Information Technology (MIIT) and the National Development and Reform Commission (NDRC) have jointly issued a new administrative plan for landline phone charges. This is a right move, but the industry is crying out for fair competition because telecom service providers s ...

Making Asia's bond markets work for the region By Jong-wha Lee (China Daily) Updated: 2009-12-02 07:54 Emerging East Asia's local currency bond market has snowballed in the last decade to more than $4 trillion, but there has not been a parallel increase in trading activities in most countries.

Education calling (China Daily) Updated: 2009-12-02 07:53 The government's $586-billion stimulus package and record bank lending have enabled the Chinese economy to rebound strongly from the worst global recession in decades. But public concern is rising that the country's dependence on investment for economic growth may be too high to be sustained.

Geely says Volvo to retain technology after purchase (China Daily/agencies) Updated: 2009-11-28 07:27 Geely Holding Group Co, the Chinese carmaker in talks to buy Volvo Car Corp, said the Swedish company would retain ownership of technology following a sale by Ford Motor Co.

Hyundai mulls new China unit (China Daily/Agencies) Updated: 2009-11-27 08:02 Hyundai Motor Co, South Korea's biggest automaker, plans to build a third plant in China to meet demand in the world's largest automobile market so far this year.

BAIC may bid for select Saab assets, analysts say (China Daily/Agencies) Updated: 2009-11-26 07:58 China's BAIC, part of a group that abandoned its bid to buy General Motors' Saab unit, could still bid for some Saab assets on its own but is unlikely to try for the whole company, analysts said.

Far East seeks 66b yuan for hybrid cars (China Daily/Agencies) Updated: 2009-11-24 08:11 Far East Golden Resources Group Ltd, headed by Yang Rong, who fled China in 2002, is seeking 66 billion yuan to build hybrid cars in the country, a sum about 44-times its market capitalization.

Let's live with criticisms of China-US ties By You Nuo (China Daily) Updated: 2009-11-24 08:04 What kind of a relationship do China and the US have? The oddity of China-US ties is getting increasingly amusing. After every exchange of high-level officials, commentators in one country or the other cry "failure", complaining that their leaders have not won enough points.

Investors should rely more on market trends than news (China Daily) Updated: 2009-12-01 08:02 Markets are driven by news but it is the way the news is incorporated into price activity that is important. Investors have a choice. They can follow the news and react to it depending on their own personal psychology. Or they can put the news into a wider context of the market's psychological behav ...

Low-carbon urbanization is way forward for China By Lin Boqiang (China Daily) Updated: 2009-11-30 07:41 The level of urbanization is an important benchmark for an economy in transit from poverty to middle income. During the process of urbanization in developed countries, the agriculture-based economy was gradually transformed to an industry-dominated structure and per capita energy consumption and ene ...

Foxconn faces tough competition from rivals By Lin Ruiming (China Daily) Updated: 2009-11-30 08:02 Foxconn, an original equipment manufacture (OEM) front-runner in the communication, computer and consumer (3C) product area, formulated a blueprint in September aimed at establishing its own distribution network in mainland China by setting up 10,000 chain stores.

Yuan still stable against dollar By Li Meng (China Daily) Updated: 2009-11-30 08:02 With the yuan-dollar exchange rate remaining almost the same for 16 consecutive months, the Chinese government is under increasing pressure to revaluel the yuan.

Foxconn faces tough competition from rivals By Lin Ruiming (China Daily) Updated: 2009-11-30 08:02 Foxconn, an original equipment manufacture (OEM) front-runner in the communication, computer and consumer (3C) product area, formulated a blueprint in September aimed at establishing its own distribution network in mainland China by setting up 10,000 chain stores.

Yuan still stable against dollar By Li Meng (China Daily) Updated: 2009-11-30 08:02 With the yuan-dollar exchange rate remaining almost the same for 16 consecutive months, the Chinese government is under increasing pressure to revaluel the yuan.

China will maintain the stability of its currency while increasing the yuan's flexibility in controllable, gradual steps, Chinese Premier Wen Jiabao said yesterday during a meeting with European Union (China Daily) Updated: 2009-11-30 07:45 China will maintain the stability of its currency while increasing the yuan's flexibility in controllable, gradual steps, Chinese Premier Wen Jiabao said yesterday during a meeting with European Union (EU) financial chiefs.

Adidas is battling overly high inventory levels stemming from over-optimistic sales forecasts before the 2008 Olympic Games. By Wang Xiaotian (China Daily) Updated: 2009-11-30 08:02 Xiao Li, 23, a salesperson at an Adidas outlet in Chaoyang District, Beijing, is enjoying her new leisure time but worried about when the situation could change for the worse.

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