Business News

Hong Kong stocks close 0.32% lower (Xinhua) Updated: 2009-11-18 17:37 Related readings:  Hong Kong stocks close 1.73% higher  Hong Kong stocks close 1.01% lower  Hong Kong stocks close 1.61% higher  Hong Kong stocks close slightly higher

CCTV host says sorry for fake ads By Qin Zhongwei (China Daily) Updated: 2009-11-18 07:53 Zhao Zhongxiang, the 67-year-old veteran host for CCTV, China's national TV station, has apologized for starring in fake medicine commercials.

Founder Group bets big on digital publishing revenues By Chen Limin (China Daily) Updated: 2009-11-18 07:58 Digital publishing solutions provider Founder Group is planning to build the largest digital library in China and expects digital publishing to account for 20 to 30 percent of its IT business in the near future, said a senior company executive.

Climate deal may be more than words By Fu Jing (China Daily) Updated: 2009-11-18 07:47 The world is likely to see a comprehensive global warming deal, instead of a political declaration on Dec 18, when the United Nations climate change summit ends.

Wuhan suspends gas supply to companies amid heavy snow (Xinhua) Updated: 2009-11-18 10:57 Central China city Wuhan cut off natural gas supply to another 20 companies on Tuesday due to increasing energy demand amid heavy snow, adding the number of affected firms to 76.

Climate change, China's view By Xie Hangsheng (China Daily) Updated: 2009-11-18 07:50 The long-awaited COP15 (United Nations Climate Change Conference 2009 in Copenhagen) will be held next month. As China's ambassador to Denmark, I am frequently asked about China's stance on climate change and this article serves as a summary. It will mainly focus on three parts: China's efforts and ...

History of money a mirror for meditation By Zhu Yuan (China Daily) Updated: 2009-11-18 07:50 Love of money is the root of all evil - that is not just for Christians but also to ancient Chinese sages. Not compromising one's principles in the face of the temptation of wealth has long been considered a virtue in Chinese tradition. The irony is that it is so emphasized simply because it is too ...

The price of green revolution By Fu Jing (China Daily) Updated: 2009-11-18 07:49 Crouched behind his fruit stand in a small mountainous town, Zhou Jian had neither the opportunity nor the inclination to watch the live broadcast of Barack Obama's visit to Beijing yesterday.

Gas-guzzling SUVs are useless, wasteful By Wang Wen (China Daily) Updated: 2009-11-18 08:01 The fact that rich people are buying expensive luxury vehicles may be good news to automobile manufacturers and the government bent on stimulating the economy, but we should be aware of consequences of the sport utility vehicle (SUV) craze.

China, US agree on economic rebalance (Xinhua) Updated: 2009-11-17 15:17 The United States and China, the world's first and third largest economies, have pledged to rebalance each other's economy and move in tandem on forward-looking monetary polices for a strong and durable global economic recovery, according to a China-US joint statement released in Beijing o ...

Nation calls for ease of hi-tech export limits By Lan Lan (China Daily) Updated: 2009-11-17 07:50 As the United States reviews its restrictions on hi-tech exports to China, the Ministry of Commerce's spokesman urged the US to shorten the timetable for loosening export controls.

BYD to spend 1.5b yuan on vehicle testing center By Li Fangfang (China Daily) Updated: 2009-11-17 07:59 China's battery and electric car producer BYD Co said yesterday that it would invest 1.5 billion yuan ($219.71 million) to build China's largest vehicle testing center, in a bid to strengthen its research and development capability as well as to enhance the quality of its offerings.

CIMC set to purchase YRSL stake By Wang Xiaotian (China Daily) Updated: 2009-11-17 07:59 China International Marine Containers (Group) Ltd (CIMC) will spend $1.7 billion to buy stakes of Yantai Raffles Shipyard Ltd (YRSL) to strengthen the group's marine engineering business, company executives announced yesterday.

Wuhan Iron, CVG ink iron ore deal By Xiao Wan (China Daily) Updated: 2009-11-17 07:59 China's third largest steelmaker, Wuhan Iron & Steel Group, yesterday said it had signed a long-term iron ore supply contract with Venezuela's Corporacion Venezolana de Guayana (CVG), in a move to help the company diversify its raw material sources.

Businesses in Beijing are gearing up for one of the biggest shopping seasons in China, but some predict bad tidings for profit after the economic crisis. By Meng Jing (China Daily) Updated: 2009-11-17 07:56 Businesses in Beijing are gearing up for one of the biggest shopping seasons in China, but some predict bad tidings for profit after the economic crisis.

Clean energy most beneficial area (Xinhua) Updated: 2009-11-17 11:14 US Secretary of Commerce Gary Locke said Monday clean energy technology is one of the most beneficial areas for US-China cooperation and also the only way for the two countries to keep sustained economic growth and combat global climate change.

ChiNext stock index down on Tuesday (Xinhua) Updated: 2009-11-17 16:30 Special Coverage: Launch of Growth Enterprise Board Related readings:  ChiNext stock index flat on Monday  ChiNext stock index down on Friday  ChiNext stock index up -- Nov 5 The ChiNext Index, China's start-up board for small and medium-sized enterprises to raise capit ...

Chinese shares rise to three-month high (Xinhua) Updated: 2009-11-17 15:59 Chinese equities continued the upward trend for the third consecutive trading day and closed slightly higher Tuesday, with the benchmark Shanghai Composite Index rising to a three-month high.

Himin launches new water heating solutions By Yu Hongyan (chinadaily.com.cn) Updated: 2009-11-17 15:58 Himin Solar Energy Group launches its latest solar water heating solutions, named "3G", on Nov 16, a move to further consolidate its leading position in China's solar thermal industry.

China, Cambodia to promote trade co-op (Xinhua) Updated: 2009-11-17 11:38 A seminar of China-Cambodia Business and Investment was held Monday in Phnom Penh with the participation of more than 100 Cambodian and Chinese business people.

China's business climate improving By Ren Jie (chinadaily.com.cn) Updated: 2009-11-17 11:36 More Chinese business people think economic conditions have become better, a recent official survey found.

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