Business News

Mark Mobius bullish on BRIC market (China Daily/Agencies) Updated: 2009-11-20 08:08 Emerging markets fund manager Mark Mobius has said stocks in Brazil, Russia, India and China are likely to rise by 30 to 40 percent within three to four years as higher economic growth and lower government debt spur corporate earnings.

Energy shares prop up mainland bourse (China Daily/Agencies) Updated: 2009-11-20 08:08 Chinese stocks rose for a fifth day as energy producers gained on increased winter demand for fuel.

iPhone to seize 10% of 3G market By Wang Xing (chinadaily.com.cn) Updated: 2009-11-20 14:46 China's second largest cell phone carrier said today they expect the iPhone to attract over one tenth of China's third generation (3G) users in the next couple of years.

Crackdown launched on cell phone porn By Yan Jie (China Daily) Updated: 2009-11-20 07:53 China Mobile, the country's largest wireless carrier, is coming under pressure to shut off access to pornography through its cell phone network.

Soybeans may rally on Chinese demand (China Daily) Updated: 2009-11-20 08:08 Soybean prices may gain 20 percent by March as economic growth in China, the world's largest importer, boosts demand for animal feed and cooking oil, a US exporter group said.

Mattel cuts sales target for Shanghai Barbie store (China Daily/Agencies) Updated: 2009-11-20 08:08 "The initial sales targets were astronomical," said Dann Murphy, who took over as general manager as his predecessor left eight months after the store opened. Targets for the six-story outlet's restaurant and "retail experience", which includes designing personalized Barbie dolls, have been revised ...

CNPC and Sudan sign to expand a refinery and swap assets (Xinhua) Updated: 2009-11-20 16:22 China National Petroleum Corporation (CNPC), China's biggest oil and gas producer, has signed agreements with Sudan to expand a refinery and swap oil production assets, according to a statement on the company's website Friday.

China expects positive outcome from Climate Change Conference (Xinhua) Updated: 2009-11-20 15:00 Chinese UN ambassador said on Thursday that China hopes to see positive outcome from the upcoming UN Conference on Climate Change scheduled for December 7 in Copenhagen.

Birds fly south to end up as dinner By Zheng Caixiong (China Daily) Updated: 2009-11-20 07:53 More than 10,000 migratory birds are being illegally slaughtered every day in Guangdong province and ending up on dinner tables.

Heavy power users to pay more By Li Jing (China Daily) Updated: 2009-11-20 07:52 While the hike will impact industries that use large amounts of power, the cost for residential users will not change, the National Development and Reform Commission (NDRC) said yesterday.

Price rise heightens families' plight (China Daily) Updated: 2009-11-20 07:56 Surging prices could make even most of our white-collar workers broke, says an article in Economic Information Daily. Excerpts:

Why ban slogans and banners? (China Daily) Updated: 2009-11-20 07:56 The Zhuhai municipal government recently banned banners carrying political or commercial slogans. It raised many eyebrows because the local government didn't impose the ban on itself. The government move shows that misuse of administrative power is threatening people's liberty, says an article in th ...

A diploma scam (China Daily) Updated: 2009-11-20 07:56 It is weird that some 12,000 primary and middle school teachers were awarded diplomas of higher learning by taking distance education courses for two years, but the Ministry of Education does not recognize their diplomas.

A tale of two economies (China Daily) Updated: 2009-11-20 07:56 China's need to cut its dependence on exports for growth is as urgent as the newly found US determination to pursue export-led growth.

China receives less overseas tourists in 1st three quarters (Xinhua) Updated: 2009-11-19 10:47 China received 93.94 million overseas tourists in the first three quarters of the year, down 3.45 percent from that of the corresponding period of 2008, a tourism official said in Kunming on Wednesday.

Chardan warning hits BYD (China Daily/Agencies) Updated: 2009-11-19 08:07 BYD Co, the Chinese electric-car maker backed by Warren Buffett, fell the most in two weeks in Hong Kong after Chardan Capital Market LLC advised investors to sell the stocks following a fivefold jump in the share price.

China Mobile preparing for int'l board listing (Xinhua) Updated: 2009-11-19 10:34 The preparation for the possible listing of China Mobile on the awaited international board of the Shanghai Stock Exchange has been kicked off, company chairman Wang Jianzhou said Wednesday.

Optimism high as CCTV ad slots are snapped up By Yu Tianyu (China Daily) Updated: 2009-11-19 07:57 Chinese entrepreneurs yesterday sent a strong signal that they have put the global economic downturn behind them when they swarmed the China Central Television (CCTV) building to splurge tens of billions of yuan on the network's prime-time advertising slots for next year.

Hutchison Whampoa and Sun Hung Kai Properties are likely to enter the bidding race for Shanghai's most expensive piece of real estate, according to industry sources. By Wang Ying (China Daily) Updated: 2009-11-19 08:07 Hutchison Whampoa and Sun Hung Kai Properties are likely to enter the bidding race for Shanghai's most expensive piece of real estate, according to industry sources.

Commercial Aircraft Corp of China Ltd, which is in charge of the C919 program, announced yesterday it would set up its final assembly line in Shanghai's Pudong New District. By Zhou Yan (China Daily) Updated: 2009-11-19 08:07 Commercial Aircraft Corp of China Ltd (COMAC), which is in charge of the indigenous C919 passenger airplane program, announced yesterday that it would set up its final assembly line in Shanghai's Pudong New District.

China increases non-resident electricity price (Xinhua) Updated: 2009-11-19 16:26 China's National Development and Reform Commission (NDRC), the country's top economic planning agency, announced Thursday to raise the price of electricity for non-residential use by 2.8 cents (0.4 US cents) per kilowatt hour on average nationwide, as of Friday.

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