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Date:2011/10/10
China's stocks opened higher on Monday after a week-long National Day holiday, as European leaders vowed to do "everything necessary" to resolve the region's debt crisis.
The benchmark Shanghai Composite Index climbed 0.16 percent to...
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Date:2011/10/11
Hong Kong stocks jumped 730.81 points, or 4.13 percent, to open at 18,441.87 on Tuesday, the highest level in more than a fortnight, with banks leading the charge a day after China moved to support the shares of its biggest banks and the broader Shan...
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Date:2011/10/12
According to the report released by Subo recently, the deputy minister from MIIT, as is known to all, China and Russia are highly complementary in economic and industrial areas especially in the raw material fields. Thus both sides should int...
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Date:2011/10/10
After the National Day Holidays, China's steel inventories have increased significantly. Accordingly the stockpiles for rebar, wire rod, HR, CR and plate in Chinese 25 main cities have reached 15.19 million t, rising by 0.73 million t or 5% as c...
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Date:2011/10/11
The Chinese currency Renminbi, or the yuan, strengthened 103 basis points to a record high of 6.3483 against the U.S. dollar on Tuesday, according to the China Foreign Exchange Trading system.
In China's foreign exchange spot market, the yuan i...
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Date:2011/10/12
China's Ministry of Commerce on Wednesday expressed its adamant opposition to a vote by the US Senate that passed a bill to press China to let its currency rise further.
The move has seriously violated international regulations and ...
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Date:2011/10/10
Fast-rising labor costs in China's competitive manufacturing regions are expected to keep more US investment at home and create up to 3.2 million new jobs there by 2020, according to a report from the Boston Consulting Group.
However, for...
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Date:2011/10/11
In order to reflect the Chinese iron ore market more accurately, CISA has issued its own iron ore price indexes today (CIOPT). It is calculated on the basis of the home-made iron ore price index and imported iron ore price index.
At present, th...
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Date:2011/10/10
The State Council, or China's Cabinet, on Saturday unveiled guidelines giving more support to the construction of two economic development zones in the western Xinjiang Uygur autonomous region.
According to guidelines released on the central go...
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Date:2011/10/10
The process of opening-up linking the Xinjiang Uygur autonomous region with China's central and south Asian neighbors is set to accelerate, as the State Council on Saturday unveiled guidelines giving more support to the construction of two econo...
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Date:2011/10/11
China and Russia signed a package of trade and investment agreements worth $7.1 billion on Monday, while high-level officials from both sides pledged to strengthen economic cooperation amid the global debt crisis.
One day before the start of R...
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Date:2011/10/09
According to the up-to-date news released by CISA, China's 77 registered steelmakers made an overall profit of 8.456 billion yuan in August, decreasing by 1.5% as compared to previous month. Meanwhile, the sales profit rate had hit a record low ...
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Date:2011/10/10
Gasoline and diesel prices are reduced for the first time this year beginning Sunday, as oil and gas prices in international market continue to fall.
The wholesale price of regular gasoline and diesel prices declines by 300 yuan ($47) per ton, accor...
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Date:2011/10/09
The value of industrial production of Macao continued to fall in 2010 due to the protracted decline in exports, with that of the manufacturing sector decreasing by 24.6 percent year-on-year, according to figures released by the city's Statistics...
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Date:2011/09/30
China's state-owned assets watchdog on Sept 29 announced the completion of restructuring of its bloated electricity industry, breaking up the design and construction businesses from power grids and firms and establishing two new companies.
The ...
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Date:2011/10/09
Affected by the continuously slumped international ocean-going market, China's ship-building industry is having a difficult time, with ship delivery of only 4.7 million DWTs in August, down nine percent year-on-year.
A report on the website of ...
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Date:2011/09/30
Development continues on a mammoth market center in Southwest China's Yunnan province though it is already one of the nation's largest distributing centers of small commodities.
The Luosiwan International Trading Center, which occupi...
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Date:2011/10/09
China's retail and catering sectors post a year-on-year growth of 17.5 percent in sales during the National Day Holiday running from Oct 1-7, known as a "Golden Week" for businesses, according to the Ministry of Commerce (MOC) on Friday.
...
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Date:2011/09/30
China is studying and launching concrete measures related to tax and procedures to increase imports. The move is part of a bid to enhance the country's industrial competitiveness and balance of trade, said Zhong Shan, vice-minister of commerce o...
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Date:2011/10/08
Accordingly, the price for domestic iron ore concentrates dipped softly in some regions on September 30, such as the iron ore concentrate EXW price (wet basis) in Tangshan region was 1050-1060 yuan per t, down 10 yuan per t. However, the price in eas...