Business News

Automobile industry flexing muscles By Patrick Whiteley (China Daily) Updated: 2009-11-23 08:03 China's prosperous auto revolution will influence the look, design and type of car everyone will be driving in the not-so-distant future.

People may have been forced to forego the more luxurious things in life during the global economic slowdown, but style is one thing that will never go out of fashion in China. By Wang Wei (China Daily) Updated: 2009-11-23 08:39 People may have been forced to forego the more luxurious things in life during the global economic slowdown, but style is one thing that will never go out of fashion in China.

Economists warn of possible new flood of speculative capital (China Daily/Agencies) Updated: 2009-11-23 08:02 China should allow an immediate one-off appreciation in the yuan's value and widen the currency's trading band to stem inflows of speculative capital that might fuel inflation, said UBS AG economist Wang Tao.

Revaluing yuan now would 'jeopardize' recovery: US expert (Xinhua) Updated: 2009-11-23 11:16 Nobel economics laureate Paul Krugman's recent push for a stronger Chinese currency "was wrong," and such a move currently does no good to the US and Chinese economies, a US expert said recently in an article on Forbes' website.

Chip makers reach new court settlement (China Daily/Agencies) Updated: 2009-11-23 08:04 Taiwan Semiconductor Manufacturing Co Ltd (TSMC) reached an out-of-court settlement valued at $290.2 million with the Chinese mainland's biggest computer chip maker after a courtroom victory in a case concerning allegations of theft of trade secrets, patent infringement and breach of contract over a ...

MJ glove has Macao hotelier moonwalking (China Daily/Agencies) Updated: 2009-11-23 07:48 For a whopping $420,000, Michael Jackson's rhinestone-encrusted glove is coming to a hotel in the glitzy Asian gambling haven of Macao.

Guangzhou Auto Show opens to media (chinadaily.com.cn) Updated: 2009-11-23 17:23   Well-known Chinese model Mo Wandan poses beside an Infinity auto at the China (Guangzhou) International Automobile Exhibition on Nov 23, 2009. [Xinhua]

Wind power group seeks $2.2b in HK IPO (Agencies) Updated: 2009-11-23 13:38 China Longyuan Power Group Corp Ltd, Asia's largest wind power generator, plans to raise up to HK$17.1 billion ($2.2 billion) from a Hong Kong initial public offering (IPO), sources close to the deal said on Sunday.

ChiNext stock index up Moday (Xinhua) Updated: 2009-11-23 16:39 The ChiNext Index rose on Monday as 24 out of the 28 shares at China's start-up board for small and medium-sized enterprises were up.

Chinese shares close higher Monday (Xinhua) Updated: 2009-11-23 16:02 Chinese equities closed higher in the first trading day of the week, with the benchmark Shanghai Composite Index up 0.92 percent, or 30.32 points, to close at 3,338.66.

Rally in B shares wins new attention By Zhang Ran (China Daily) Updated: 2009-11-23 08:01

New costs anger homebuyers By Xu Fan (China Daily) Updated: 2009-11-23 07:54 A group of homebuyers have been slapped with a total of 10 million yuan in additional costs after the developer miscalculated the floor space of their Beijing apartment building.

China to aid jobless disabled persons (Xinhua) Updated: 2009-11-23 15:29 The China Disabled Persons' Federation (CDPF) and the Ministry of Finance on Sunday jointly launched a plan to finance the service toward the jobless with mental and serious physical disabilities.

Auto aftermarket attracts big players By Li Fangfang (China Daily) Updated: 2009-11-23 08:03 Fei Manqing realized early that a partnership with a leading global brand can be a shortcut for Chinese small business owners. Fei also entered a market that is attracting many leading multinational companies - China's booming automotive aftermarket sector.

A high-end market for hair accessories By Li Wenfang and Xiang Yiwen (China Daily) Updated: 2009-11-23 08:03 Chinese women enjoy strong purchasing power when it comes to luxury hair accessories, according to an agent for a top French brand.

Non-SOEs employ 80% of industrial workforce (Xinhua) Updated: 2009-11-23 16:54 Non-State-owned enterprises (non-SOEs) employed 70 million people, or 80 percent of China's total workforce in the industrial sector in 2008, the National Bureau of Statistics (NBS) said in a statement Monday.

Lawmaker proposes to outlaw lavish banquets on public funds (Xinhua) Updated: 2009-11-23 16:46 A Chinese lawmaker has proposed to hold people who use public funds on lavish banquets legally accountable so as to curb the widespread practice.

China's major commodity imports in October (Xinhua) Updated: 2009-11-23 16:08 the General Administration of Customs (GAC) on Monday released data of major commodities imported by China in October and the first ten months.

Responsible monetary policies urged (China Daily/Agencies) Updated: 2009-11-23 08:02 Countries whose currencies are held as reserves by global central banks are failing to take sufficient account of the global repercussions of their domestic policy stances, Assistant Finance Minister Zhu Guangyao told a financial forum last week in Beijing.

A stronger yuan in regional trade (China Daily/Agencies) Updated: 2009-11-23 08:02 China's yuan is expected to play a bigger role in regional trade with the China-ASEAN Free Trade Area (CAFTA) becoming effective on Jan 1, 2010.

Hong Kong stocks close 1.41% higher Monday (Xinhua) Updated: 2009-11-23 17:16 Hong Kong stocks jumped 315.55 points, or 1.41 percent, to close at 22,771.39 on Monday.

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