Business News

China is aiming for an installed solar power capacity of 2 gW by 2011, nearly a 15-fold jump from the 140 mW capacity it had at the end of last year, according to people familiar with the matter. By Zhang Qi (China Daily) Updated: 2009-07-03 08:06 China is aiming for an installed solar power capacity of 2 gW by 2011, nearly a 15-fold jump from the 140 mW capacity it had at the end of last year, according to people familiar with the matter.

China's real estate sales up, prices soar By Hu Yuanyuan in Beijing, Zhou Yan in Shanghai and Zhan Lisheng in Guangzhou (China Daily) Updated: 2009-07-03 07:52 The real estate market is quickly turning hot.

Brokers timid on next bull run By Zhou Yan (China Daily) Updated: 2009-07-03 08:06 Although the Chinese stock market has breached the 3,000-point barrier after a six-month bull run, analysts and investors are cautious since they see the rally as being led largely by big-cap stocks rather than an across-the-board upswing.

Govt car purchases drive ire on Internet By Wang Huazhong (China Daily) Updated: 2009-07-03 07:53 Allegations that a Chongqing district government spent 60 million yuan ($8.7 million) on cars over three years has provoked outrage online.

Telecom major may take stake in ICBC By Zheng Lifei (China Daily) Updated: 2009-07-03 08:06 China Mobile, the world's biggest mobile phone carrier by users, may buy equity stakes in the country's biggest commercial bank ICBC, in a move encouraged by the country's top State asset watchdog, people with knowledge of the matter said.

MOF: China to float 29b yuan T-bonds By Wang Bo (chinadaily.com.cn) Updated: 2009-07-03 19:22 China plans to issue 29.12 billion yuan worth of treasury bonds in a week, the Ministry of Finance (MOF) said on Friday in a statement.

HK stocks close 0.14% slightly higher (Xinhua) Updated: 2009-07-03 17:37 Hong Kong stocks went up 25.35 points, or 0.14 percent to close at 18,203.40 on Friday.

C-100 named partner of US pavilion at Expo Updated: 2009-07-03 17:09 The Committee of 100 (C-100) said Thursday that it has been designated as a Strategic Partner of the USA National Pavilion at the 2010 World Expo in Shanghai.

China opposes imposing carbon tariffs (Xinhua) Updated: 2009-07-03 17:03 A proposal for charging carbon tariffs towards imported products will breach the rules of the World Trade Organization and the spirit of Kyoto Protocol, Yao Jian, spokesman of the Ministry of Commerce (MOC), said Friday.

Touchmedia's big plans for taxi ad By Zhang Jiawei (chinadaily.com.cn) Updated: 2009-07-03 16:31 Touchmedia, Shanghai-based in-taxi interactive media company, has been seeing great success lately, winning awards and making large profits, despite the global economic downturn.

Dollar: Sustainability need of the hour By Fu Jing (China Daily) Updated: 2009-07-03 09:55 China faces a different and bigger challenge now to sustain its growth, said David Dollar, who is spending his final day today as China director of World Bank.

VP: China to continue active fiscal policy By Wang Linyan and Li Xiaokun (China Daily) Updated: 2009-07-03 09:23 China will continue its active fiscal policy, moderately loose monetary policy and also take steps to minimize the adverse impact of the economic crisis, Vice-Premier Li Keqiang yesterday said in his keynote address at the Global Think Tank Summit in Beijing.

Qatar to set up investment office in China By Liu Baijia and Zheng Lifei (chinadaily.com.cn) Updated: 2009-07-03 13:40 Related readings: 2009 Global Think Tank Summit

No ban on chicken imports from US (Xinhua) Updated: 2009-07-03 13:37 Vice Minister of Commerce Chen Jian said Thursday in Beijing that China has no limit on imported chicken from the United States, and the report of such policy is untrue.

China confirms loan talks with Zimbabwe (Xinhua) Updated: 2009-07-03 13:32 A Chinese Foreign Ministry spokesman on Thursday confirmed that a Chinese financial institution was in discussions with Zimbabwe on providing loans.

Financial industry should serve economy By Ding Qi (chinadaily.com.cn) Updated: 2009-07-03 13:21 On the eve of a major think tank summit in Beijing, a senior banker said China should learn an important lesson from the global financial crisis -- the financial industry should meet the real economic needs.

Yunus: Time to undo the wrong things By Wang Xu and Wan Zhihong (China Daily) Updated: 2009-07-03 11:34 A crisis is a terrible thing to waste, shrewd financial investors often say while trying to rake a fortune from the rebound after market crashes.

World economy facing long recovery By Liu Baijia and Zheng Lifei (chinadaily.com.cn) Updated: 2009-07-03 11:08 Special Coverage: Global Think Tank Summit  Related readings:  Global Think Tank Summit opens in Beijing  China kicks off Global Think Tank Summit in Beijing  Premier meets dignitaries ahead of think-tank summit About Global Think Tank Summit Recove ...

Plan for foreign firms' listings gathers steam By Bi Xiaoning and Ding Qingfen (China Daily) Updated: 2009-07-03 07:52 With the goal of building Shanghai into a world-class financial hub, the central government is showing renewed interest in inviting foreign-funded firms to be listed in the country.

Renminbi trade rule comes into effect By Zhang Ran (China Daily) Updated: 2009-07-03 08:06        China's central bank yesterday released a rule permitting companies in select cities to settle cross-border trades using the yuan, as part of efforts to reduce reliance on the US dollar for international trade.

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