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Date:2011/09/15
China's stocks opened mixed on Thursday with the benchmark Shanghai Composite Index down 0.08 percent to open at 2,482.86.
The Shenzhen Component Index opened 0.16 percent higher at 10,839.58.
Source: Xinhua
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Date:2011/09/14
Stocks fell on Tuesday on speculation that the government may continue its tightening measures after last month's imports rose to a record high and new bank lending increased.
The benchmark Shanghai Composite Index fell 1.06 percent, or 26.45 p...
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Date:2011/09/15
Baosteel announces carbon steel flats price policy for October 2011 on the basis of September policy.
I HR (affiliated plants and stainless steel department)
General structural sheet: up CNY60 per tonne.After adjustment, 5.5mm *1500 SS400 HR coil is ...
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Date:2011/09/15
The Chinese currency Renminbi, or the yuan, gained 67 basis points to 6.3878 per U.S. dollar on Thursday, according to the China Foreign Exchange Trading system.
In China's foreign exchange spot market, the yuan is allowed to rise or fall by 0....
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Date:2011/09/14
China's banking regulator said on Sept 13 that the nation had established 615 rural financial institutions as of the end of June in an effort to improve rural financial services.
Among them 369 are located in central and western regio...
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Date:2011/09/15
Jiangxi Bureau of Geology and Mineral Resources learned that 110 million tonnes iron ore has been proved in Ganzhong iron ore deposits with potential economic value of CNY 50 billion.China is highly dependants on imported iron ore. For instance, the ...
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Date:2011/09/15
According to the data released by China's customs, China's coke and semi-finished coke exports totaled 0.25 million t in August, surging by 38.9% month over month and by 19.0% year over year. While the year-to-date coke and semi-finished co...
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Date:2011/09/14
China's crude steel output fell 0.9 percent to 58.75 million tons in August from the previous month as several steel mills reduced production due to maintenance, official figures showed.
Data released by the National Bureau of Statistics (NBS) ...
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Date:2011/09/15
According to the data issued by the China Association of Automobile Manufacturers, in August this year domestic automobile sales and production respectively reached 1.38 million units and 1.39 million units, up 8.29 percent and 6.66 percent from the ...
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Date:2011/09/15
Power shortages are likely in Central and South China this coming winter because of increasing coal prices and some power plants will have difficulty storing coal, said power plant representatives and experts.
"The rising coal prices are largely res...
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Date:2011/09/14
China's potential purchase of Italian bonds may help diversify the world's largest foreign exchange reserves and boost investor confidence in European markets, some analysts said.
But others doubted whether China would actually go ah...
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Date:2011/09/15
Recently, Chinese steel mills have continued purchasing the international scrap to meet the strong demand for the Q4 production.It’s said that Chinese steel mills recently purchase 120 thousand tons of the US HMS 80:20 (1&2) with the prices of US...
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Date:2011/09/15
Visiting Chinese top legislator Wu Bangguo said here Wednesday that China would work with Russia to deepen pragmatic cooperation and build a close, long-term and sustainable economic and trade relationship.
Wu, chairman of the Standing Committ...
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Date:2011/09/14
Analysts said that the imminent RMB Qualified Foreign Institutional Investors (RQFII) trials will be conducive to expanding the investment channels of yuan funds raised in Hong Kong.
This will also enhance Hong Kong's role as an offshore RMB ce...
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Date:2011/09/15
On September 9, Hebei Province-based Chinese steelmaker Shougang Qiangang, a subsidiary of Shougang Group, completed maintenance work on its converter No. 5 three days in advance and began recommissioning work, according to Shougang Group officials.
...
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Date:2011/09/15
China might miss its target of keeping inflation below 4 percent this year, an official said on Sept 14.
The 4 percent figure was a "predictive target" instead of a "directive" one, Zhang Xiaoqiang, vice-minister of the National Development and Refo...
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Date:2011/09/14
Spot iron ore prices fell below $190 per tonne on Wednesday, as Chinese steel mills continue to stay on the sidelines of the seaborne market as steel prices fall despite the traditional consumption peak season.
Steelmakers in China, the world's...
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Date:2011/09/15
The coking plant of Henan Province-based Chinese steelmaker Anyang Iron and Steel Co. (Anyang Steel) has started to dry its new coke oven No. 9, according to Beijing-based Chinese state-run company China Metallurgical Group Corporation (MCC).
The co...
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Date:2011/09/14
Jilin Province-based Chinese steelmaker Shougang Tonggang Group, a subsidiary of Shougang Group, has announced that in August this year its net profit reached RMB 71.26 million ($11.17 million), increasing by RMB 208.91 million ($32.74 million) year ...
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Date:2011/09/15
China's Ministry of Industry and Information Technology published a 2011 summer operation report of China's industrial economy on September 13, saying that the excessive capacity caused by repeated investment in the heavy and chemical indus...