Business News

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.

Stronger yuan may spur shares (China Daily/Agencies) Updated: 2009-11-24 08:11 Mainland shares may rise as much as 35 percent next year as the yuan strengthens and earnings growth accelerates, according to Greenwoods Asset Management, manager of this year's best-performing Chinese long-short equity fund.

Equities edge up led by consumer firms (China Daily/Agencies) Updated: 2009-11-24 08:11 Chinese stocks rose, driving the benchmark index to a three-month high, as consumer companies gained on speculation the government will extend measures to boost domestic demand and drive the nation's recovery.

Let's live with criticisms of China-US ties By You Nuo (China Daily) Updated: 2009-11-24 08:04 What kind of a relationship do China and the US have? The oddity of China-US ties is getting increasingly amusing. After every exchange of high-level officials, commentators in one country or the other cry "failure", complaining that their leaders have not won enough points.

Talent should decide business successor By Ma Hongman (China Daily) Updated: 2009-11-24 08:04 Most entrepreneurs across the world expect their children to take over the reins of their businesses. Among Chinese, Confucianism heightens this desire because leaving family property in the control of offspring "brings honor to their ancestors".

Inheritance seen as a wider social problem By Sun Liping (China Daily) Updated: 2009-11-24 08:04 When we talk about inheriting business and social mobility, we should keep the ongoing and unprecedented process of wealth allocation in mind. This process may consolidate the current wealth distribution pattern and social structure further. There are many signs to suggest that the channel for mobil ...

Sinopec Group, China's second largest oil company, said yesterday it remains active in its efforts to bid for oilfields in Iraq despite being rebuffed in the second round of bidding. By Li Xiang and Wan Zhihong (China Daily) Updated: 2009-11-24 08:11 Sinopec Group, China's second largest oil company, said yesterday it remains active in its efforts to bid for oilfields in Iraq despite being rebuffed in the second round of bidding.

China State Construction nets $100m US subway deal By Liu Yiyu (China Daily) Updated: 2009-11-24 08:11 China State Construction Engineering Corp, the largest contractor in China, has bagged a subway ventilation project worth about $100 million in New York's Manhattan area, marking the construction giant's third order in the United States' infrastructure space this year.

Baosteel buys 15% stake in Aussie miner (Xinhua) Updated: 2009-11-24 09:16 Baosteel Group, China's leading steelmaker, announced on Monday its acquisition of 15 percent stake in Aquila Resources, an Australian iron ore and coal company.

Market blamed for gas pains By Wang Qian (China Daily) Updated: 2009-11-24 08:01   Energy analysts have blamed the country's "monopolistic natural gas market" for one of the most serious gas shortages in decades, made worse by high gas consumption amid freezing temperatures and snowstorms in the south.

Disneyland's final plans unveiled By Zhou Yan (China Daily) Updated: 2009-11-24 08:01 The Shanghai version of the Magic Kingdom will be located at the Chuansha town of Pudong New Area, covering 116 hectares, according to the theme park's final plans announced on the National Development and Reform Commission website yesterday.

China to wipe out illegal video websites (Xinhua) Updated: 2009-11-24 17:25 An official of China's State Administration of Radio, Film and Television said in Xiamen  in east China's Fujian province onTuesday that it would enforce the eradication of unlicensed websites offering online videos.

ChiNext stock index down Tuesday (Xinhua) Updated: 2009-11-24 16:29 The ChiNext Index fell on Tuesday as only one out of the 28 shares at China's start-up board for small and medium-sized enterprises was up.

ICCIE attracts record Taiwan exhibitors (Xinhua) Updated: 2009-11-24 10:33 The opening of the fourth Beijing International Cultural and Creative Industry Expo (ICCIE) on Wednesday is expected to attract a Taiwan delegation consisting of 73 exhibitors, the most in history.

SAIC expects 30% surge in sales (Xinhua) Updated: 2009-11-24 09:14 China's leading automotive corporation, the SAIC Group, expects to sell 2.65 million vehicles this year, a roughly 30 percent rise from a year ago, a company official said Monday.

Sands China raises $2.5b in HK IPO (China Daily/Agencies) Updated: 2009-11-24 08:11 Sands China Ltd and its parent, the casino company controlled by billionaire Sheldon Adelson, raised HK$19.4 billion ($2.5 billion) in a Hong Kong initial public offering conducted at the bottom of the marketed range.

Evonik Shanghai plant starts production By Wan Zhihong (China Daily) Updated: 2009-11-24 08:11 German industrial group Evonik yesterday began operating its 2.5-billion-yuan specialty chemicals facility in Shanghai in a bid to tap growing domestic demand.

ECLAC seeks deeper Latin America-China ties (Xinhua) Updated: 2009-11-24 15:55 The third Latin America-China Entrepreneurs Summit will facilitate the discussions on post-crisis ties between China, the Asia-Pacific region, and Latin America and the Caribbean, an official with the Economic Commission for Latin America and the Caribbean (ECLAC) said on Monday.

Greater efforts urged against commercial bribery (Xinhua) Updated: 2009-11-24 13:32 A senior official on Monday called for greater efforts against commercial bribery.

China calls for closer economic ties with Peru (Xinhua) Updated: 2009-11-24 13:30 China and Peru should view their economic and trade cooperation from a strategic perspective and work together to promote cooperation in this regard, China's top political advisor Jia Qinglin said on Monday.

Chinese shares plunge Tuesday led by heavyweights (Xinhua) Updated: 2009-11-24 16:17 Chinese equities plunged Tuesday led by declining heavy weights and banking stocks, paring earlier gains in the previous trading week.

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