Business News

Chinese shares rise for fifth straight day (Xinhua) Updated: 2009-11-19 15:52 Chinese equities jumped to three-month high after five consecutive rises on Thursday, led by natural gas producers and pharmaceutical companies.

Shanghai copper futures sizzle (China Daily/Agencies) Updated: 2009-11-19 08:07 Copper futures traded in London, New York and Shanghai rallied to the highest level in 14 months as the dollar's decline boosted the appeal of raw materials as alternative investments.

Relaxed dollar curbs, rally prompt new share accounts (China Daily/Agencies) Updated: 2009-11-19 08:07 Investors opened more accounts to trade local and foreign-currency shares in China as benchmark indexes extended a rally and regulators relaxed restrictions on buying dollars.

Junk bond sales may get nod By Si Tingting (China Daily) Updated: 2009-11-19 08:07 China may experiment with high-yield corporate bond issuances, as and when "conditions permit", to help expand financing channels for its cash-starved small and medium-sized enterprises (SMEs), a senior central bank official said at a corporate bond forum in Beijing yesterday.

Gome expects better full-year profit By Wang Xiaotian (China Daily) Updated: 2009-11-19 08:07 Gome Electrical Appliances Holdings Ltd yesterday said it expects to come in with better full year numbers and open more outlets next year, as the electronics retailer continued to benefit from its store restructuring plan and various other cost control measures.

High pricing strategy tailored for status-conscious Chinese By Hong Yi (China Daily) Updated: 2009-11-19 08:10 Many business schools in fact have "prestige" pricing policies as their business strategy because they believe high tuition cost is an expression of strength and confidence in a competitive education market.

Housing value ranking 'insensitive' to public concern (China Daily) Updated: 2009-11-19 08:10 The ranking of Chinese cities in terms of housing investment potential, recently released by the Chinese Academy of Social Sciences, has made me feel uncomfortable.

Bathhouses may close after price increase By Meng Jing (China Daily) Updated: 2009-11-19 08:04 Some of Beijing's 2,000 bathhouses may be forced to close after water prices are increased from tomorrow.

GSK may shift some Relenza manufacturing to mainland By Ma Zhenhuan (China Daily) Updated: 2009-11-19 08:07 British drugmaker GlaxoSmithKline (GSK) Plc is planning to move part of its flu drug Relenza manufacture to China to better support the local market.

Business school fees skyrocket By Wang Hongyi (China Daily) Updated: 2009-11-19 08:10 The supply and demand principles of economics tell us prices that go up will one day come down.

CIC buys 20% stake in clean energy company (Xinhua) Updated: 2009-11-19 15:36 China Investment Corporation (CIC), the nation's sovereign wealth fund, would spend HK$5.5 billion($709.69 million) to buy about 20 percent stake in a Hong Kong-based new energy company, said a report posted on CIC's website Thursday.

Nation vows to topple illegal timber trade By Wang Zhuoqiong (China Daily) Updated: 2009-11-19 07:57 The top forestry administrator of China, the world's biggest importer of timber, has urged nations to step up their fight against illegal logging.

CNPC to raise gas supply in cold weather (Xinhua) Updated: 2009-11-19 11:13 China National Petroleum Corporation (CNPC), the country's leading oil and gas producer, told Xinhua Wednesday it has taken active measures to raise gas supply and meet rising market demand triggered by heavy snows and falling temperatures.

Officials play lottery game with the poor (China Daily) Updated: 2009-11-19 08:02 Authorities in Wencheng community in Suining, Sichuan province, recently issued a notice saying that if low-income families "don't buy lotteries, they won't get their subsidies". How can government departments do that? Why, in the first place, should they be selling lotteries? When will such abuse o ...

China and US hold reins to a better global future By Jean-Pierre Lehmann (China Daily) Updated: 2009-11-19 08:02 US President Barack Obama's visit to China is arguably his most important international "rendezvous", especially because some perceive China as a "threat" to the US. But that perception must not be exaggerated because China still lags far behind America in every field - from military and economy to ...

Diminishing role of US role model By Tao Jingzhou (China Daily) Updated: 2009-11-19 08:01 One way to summarize China's 30 years of reform and opening up is to say that China has been learning from the outside world, particularly from the US.

China offers new growth pattern By He Wenping (China Daily) Updated: 2009-11-19 08:01 I visited Zambia, Ethiopia and Ghana in September and had the opportunity to interact with government officials, academic circles, NGOs and the media about Sino-African relations. I had the vivid impression that most of the African hosts hold positive opinions about the continent's relations with Ch ...

Anti-flu drug on its way to China By Ma Zhenhuan (chinadaily.com.cn) Updated: 2009-11-18 17:25 Pharmaceutical manufacturer GlaxoSmithKline (GSK), wants to move some production of its anti-flu drug Relenza to China.

BOC, ICBC considering branches in Taiwan (China Daily/Agencies) Updated: 2009-11-18 07:58 Bank of China Ltd (BOC) and Industrial & Commercial Bank of China Ltd (ICBC) are vying to be the first of the mainland's lenders to open branches in Taiwan after the two sides agreed to widen access to each other's financial industries.

Web portal Sina Corp yesterday said it remains optimistic on advertising growth next year and said it may consider spin-offs of some of its specialized portals. By Wang Xing (China Daily) Updated: 2009-11-18 07:58

China's State-owned pension fund is likely to invest up to 20 billion yuan in the Agricultural Bank of China, a source close to the matter told China Daily yesterday. By Wang Bo and Mao Lijun (China Daily) Updated: 2009-11-18 07:58 China's State-owned pension fund is likely to invest up to 20 billion yuan in the Agricultural Bank of China (ABC), a source close to the matter told China Daily yesterday.

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