Business News

China: Rural land release just a rumor (Xinhua) Updated: 2009-11-25 09:47 A land planning official of China Tuesday denied reports that claimed the country was going to release rural land into market to ease land shortage and curb the steep hike in housing prices.

China calls for promoting global service trade (Xinhua) Updated: 2009-11-25 11:56 China's Minister of Commerce Chen Deming on Tuesday urged the promotion of global service trade as an important approach to revive the world economy.

China, Ecuador to further trade cooperation (Xinhua) Updated: 2009-11-25 13:16 China and Ecuador have broad prospects in enhancing cooperation in resources, finance, technology and market, which will be conducive not only to facilitating the recovery of their own economies but also to contributing to the rebounding of the world economy, China's top political advisor said on Tu ...

Hong Kong stocks close up 0.84% Wednesday (Xinhua) Updated: 2009-11-25 17:02 Hong Kong stocks went up 188.66 points, or 0.84 percent to close at 22,611.8 on Wednesday.

Chinese shares close higher after tumble on previous trading day (Xinhua) Updated: 2009-11-25 17:01 Chinese equities rose Wednesday after a 3.45 percent tumble on the previous trading day, with the benchmark Shanghai Composite Index up 2.07 percent, or 66.64 points, to close at 3,290.17 points.

Heavy fog hampers transport services in Chinese cities (Xinhua) Updated: 2009-11-25 17:24 Transport ground to a halt as heavy fog enveloped southwest China's Sichuan province Wednesday forcing airports and expressways to close to traffic.

IKEA to launch two shopping centers in China (Xinhua) Updated: 2009-11-25 11:45 The Inter IKEA Center Group (IICG) on Tuesday unveiled  two "Super Regional Shopping Center" projects located respectively in Daxing District in Beijing and Wuxi in eastern Jiangsu province.

China's porn crackdown extends to mobile WAP sites (Xinhua) Updated: 2009-11-25 14:15 China has extended its anti-porn campaign to mobile WAP sites, according to the Ministry of Public Security (MPS) on Tuesday.

Airlines to merge by year-end By Chen Limin (China Daily) Updated: 2009-11-25 08:05 China Eastern Airlines, the country's third biggest carrier, said yesterday that it would complete its merger transaction with Shanghai Airlines by the end of the year.

Deadly mine disaster another lesson for coal hungry China (Xinhua) Updated: 2009-11-25 17:30 When the fatal explosion occurred early Saturday in a coal pit in northeast China's Heilongjiang province, Chen Fugui was waiting for his two sons to come home and help him move into a new apartment.

Home out of reach for many young Chinese (Xinhua) Updated: 2009-11-25 17:35 In the hit Chinese television drama, "Dwelling Narrowness," one of the main characters becomes the mistress of a government official in order to help repay her older sister's mortgage.

ICBC officially launches global cash management business By Zhang Jiawei (chinadaily.com.cn) Updated: 2009-11-25 17:36 Industrial and Commercial Bank of China (ICBC) on Nov 24 officially launched its global cash management business, which includes accounts management, centralized receipts and payments, domestic and foreign currency pools, investment, financing and risk management.

Key climate negotiator vows "constructive" contribution (Xinhua) Updated: 2009-11-25 13:22 China will try to make constructive contribution to the Copenhagen climate summit next month and will not accept it ends with an "empty" declaration, a key Chinese negotiator said Tuesday.

Will market or gov't set M&A pace? By John Bonnell (China Daily) Updated: 2009-11-25 08:06 The acquisition of the automotive assets of Aviation Industry Corp of China (AVIC) by Chang'an Automotive Group earlier this month is a significant development in China's automotive industry.

Raise the quality of government spending By Vinod Thomas (China Daily) Updated: 2009-11-25 07:54 The incipient recovery of the world economy owes to the increased spending by governments of advanced and developing economies both. However, a sustainable recovery will depend not only on the amount of spending, but also on its quality. Many developing nations entered the crisis with good fiscal ba ...

Transparent pricing mechanism By Wu Yixue (China Daily) Updated: 2009-11-25 07:53 The government's recent decision to charge non-residential consumers an additional 5.7 percent for electricity signifies a major step toward reforming its long-standing pricing mechanisms involving resource products.

Boost domestic spending (China Daily) Updated: 2009-11-25 07:53 The strong rebound of the Chinese economy as well as the ongoing recovery of the world economy from the worst global recession in many decades will certainly allow much more breathing room than a year ago for Chinese policymakers at the upcoming Central Economic Work Conference.

China-ROK free trade deal urged By Ding Qingfen (China Daily) Updated: 2009-11-24 08:00 Partly induced by the drop in trade between South Korea and China amid the global recession, officials from both sides committed to expediting negotiations for a free trade agreement.

UCWeb bets big on surging 3G volumes By Wang Xing (China Daily) Updated: 2009-11-24 08:11 Yu Yongfu, chief executive of the venture-funded UCWeb, said mobile Internet users in China would jump manifold as 3G services expand in the country.

Merck to set up R&D unit in Beijing By Wang Xiaotian (China Daily) Updated: 2009-11-24 08:11 Merck Serono, a division of pharmaceutical and chemical giant Merck KgaA, plans to establish a global research and development (R&D) center in Beijing, to strengthen its global R&D capabilities and expand business in China, said company executives yesterday.

British PM calls for Chinese investment (China Daily/Agencies) Updated: 2009-11-24 08:00 British Prime Minister Gordon Brown was expected to tell business leaders that investment from China could help drive Britain's economic recovery.

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