Business News

Bakeries turn to e-commerce to save costs, build profits By Bao Chang and Liu Jie (China Daily) Updated: 2009-11-30 08:01 Located in the 798 district, Beijing's well-known enclave of galleries and art studios, ebeecake's headquarters - open-style offices with plain baking rooms and an ordinary door decorated with its bee logo - has nothing to do with art or romance, except for the sweet flavors.

Direct-selling industry rises against economic downturn By Song Jingli (chinadaily.com.cn) Updated: 2009-11-30 17:36 The sales revenue of the direct-selling industry on the Chinese mainland will grow more than 30 percent this year to 60 billion yuan ($8.79 billion), according to several high-ranking industry leaders attending the first session of the 14th Academic Symposium on Direct Selling in Beijing Friday.

China's telecom operators pressed to stamp out WAP porn links (Xinhua) Updated: 2009-11-30 14:47 China's major wireless telecom companies, all State-owned enterprises, are coming under pressure to eradicate access to porn through wireless application protocol (WAP) sites on mobile phones.

China to review anti-dumping measures on chloroform (Xinhua) Updated: 2009-11-30 14:27 China would launch a review of the anti-dumping measures against chloroform imports from the European Union, the Republic of Korea (ROK) and the United States on Monday.

Food exports grow steadily in Guangdong province (Xinhua) Updated: 2009-11-30 14:16 The economically developed Guangdong province in southern China witnessed a stable growth in food exports in the first ten months, thanks partly to the nation's tax rebate policy for exports, according to local customs.

Pfizer looks inland for less costly talent pool By Zhou Yan (China Daily) Updated: 2009-11-30 08:02 Besieged by the ballooning cost of talent in China's coastal regions, some multinational companies are traveling to untapped inland cities for equally skilled, but less expensive brainpower.

Australia foresees growing market for Chinese tourists By Li Wenfang (China Daily) Updated: 2009-11-30 08:03 The Chinese mainland is projected to become the fourth-largest source of international visitors to Australia by the end of this year and the third-largest within three years.

Higher threshold for senior insurance executives (chinadaily.com.cn) Updated: 2009-11-30 14:18 China plans to raise the threshold for directors, supervisors and senior management personnel of insurance companies, according to a new rule draft issued by the China Insurance Regulatory Commission yesterday.

National bancassurance self-discipline considered (chinadaily.com.cn) Updated: 2009-11-30 14:18 Officials with the Insurance Association of China have consulted with representatives of Guangdong-based banks and insurance companies to launch a national convention of self-discipline of banks and post offices as insurance agencies, the 21st Century China Business Herald reported, citing a source ...

ING's China operations affected (chinadaily.com.cn) Updated: 2009-11-30 14:17 To survive the global financial turmoil, Netherlands-based financial services group ING Groep NV moved towards a complete separation of its banking and insurance operations in October, the China Business Journal reported. And its Back to Basics program began to affect its China operations, it was al ...

Houses made of straw an earth-friendly trend By Li Fangfang (China Daily) Updated: 2009-11-30 08:02 Build houses with straw? Yes. A Dutchman has made it the reality, not a fairy tale, in China.

China to rely on new tech for CO2 emissions cut (Xinhua) Updated: 2009-11-30 11:43 Premier Wen Jiabao said during an inspection tour to east China over the weekend that the country would rely on science and technology advancements to meet its carbon emissions reduction targets.

Carbon capture, storage has huge potential: Ambassador By Chen Jia (China Daily) Updated: 2009-11-30 07:45 China has a huge potential for carbon capture and storage (CSS), a mechanism that could prove crucial in the fight against climate change, said Serge Abou, EU ambassador to China.

China ready to prove development is not a threat (Xinhua) Updated: 2009-11-30 14:33 A lingering doubt on whether China, a country of 1.3 billion people, would march into industrialization without posing threats to the world, seemed to ease as the Chinese government promises substantial CO2 emissions cuts.

Veteran exec undaunted by shipping woes By Andrew Moody (China Daily) Updated: 2009-11-30 08:02 Tom Boardley said he is not fazed by his baptism by fire in one of the leading roles in the global maritime industry.

Low-carbon urbanization is way forward for China By Lin Boqiang (China Daily) Updated: 2009-11-30 07:41 The level of urbanization is an important benchmark for an economy in transit from poverty to middle income. During the process of urbanization in developed countries, the agriculture-based economy was gradually transformed to an industry-dominated structure and per capita energy consumption and ene ...

Geely says Volvo to retain technology after purchase (China Daily/agencies) Updated: 2009-11-28 07:27 Geely Holding Group Co, the Chinese carmaker in talks to buy Volvo Car Corp, said the Swedish company would retain ownership of technology following a sale by Ford Motor Co.

China: No holding of Dubai World bonds (Xinhua) Updated: 2009-11-27 22:04 China's three leading banks Friday told Xinhua they do not hold the troubled Dubai World bonds.

No change in fiscal, monetary policies By Si Tingting and Zhu Ping (China Daily) Updated: 2009-11-28 07:24 China's top decision-making body on Friday pledged to maintain its pro-growth fiscal and monetary policies next year amid growing concerns that rising prices could create an asset bubble.

Templeton Asset Management Ltd's Mark Mobius said Dubai's attempt to reschedule debt may cause a "correction" in emerging markets, compounded by Vietnam's currency devaluation and an "avalanche" of in (China Daily/Agencies) Updated: 2009-11-28 07:27 Templeton Asset Management Ltd's Mark Mobius said Dubai's attempt to reschedule debt may cause a "correction" in emerging markets, compounded by Vietnam's currency devaluation and an "avalanche" of initial share sales.

China Pacific Insurance Co Ltd on Friday got the green light from Hong Kong Stock Exchange for its $3.4 billion share float in Hong Kong. By Wang Bo (China Daily) Updated: 2009-11-28 07:27 China Pacific Insurance Co Ltd on Friday got the green light from Hong Kong Stock Exchange for its $3.4 billion share float in Hong Kong.

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