Date
16 September 2019

Business

  • Movie box office sales up 34.9% in Jan-Sept, Xinhua says

    Oct 23, 2013 2:44pm
    Movie box office sales in China totaled 16.42 billion yuan (US$2.67 billion) in the first nine months of 2013, representing an increase of 34.9 percent over the same period last year, Xinhua news agency reported Wednesday,...
  • Shale gas blueprint inadequate, paper says

    Oct 23, 2013 2:40pm
    China has a range of policies to support its ambitious shale gas development, but the blueprint is far from satisfactory, Shanghai Daily reported Wednesday, citing industry experts. The State Council has approved shale gas as an independent...
  • BHP raises forecast for iron ore output, WSJ says

    Oct 23, 2013 2:39pm
    BHP Billiton has raised its forecast for iron ore production this financial year, betting on China’s rapid industrialization to continue to lift demand for the raw material used in everything from cars to skyscrapers, the Wall...
  • Dalian exchange set for November egg futures launch, paper says

    Oct 23, 2013 12:47pm
    Dalian Commodity Exchange is expected to launch China’s first egg futures contract on Nov. 18, Shanghai Securities News reported Wednesday, citing an unnamed industry source. The exchange received regulatory approval last month to trade the contract. It...
  • Passenger rail traffic up 8%, govt says

    Oct 23, 2013 12:40pm
    The number of railway passengers rose an average of more than 8 percent in each of the first three quarters from the same periods last year, the Ministry of Transport said on its website Tuesday. The increase was...
  • Guangfa Bank, China Mobile team up in banking first, paper says

    Oct 23, 2013 12:31pm
    China Guangfa Bank (CGB) said Tuesday it is partnering China Mobile Ltd.’s (00941.HK) Guangdong branch to become the first lender in the country to offer free mobile banking services to its customers, the Securities Times reported Wednesday....
  • China Railway Corp to boost railway investment in 4Q, paper says

    Oct 23, 2013 12:28pm
    China Railway Corporation (CRC) is expected to increase railway investment in the fourth quarter as the national railway operator is no longer short of capital, China Business News reported Wednesday. There is usually a spike in railway...
  • Govt launches trial of industry relocation scheme, paper says

    Oct 23, 2013 12:26pm
    The Ministry of Industry and Information Technology has selected Shanghai, Henan, Sichuan and Gansu for a trial scheme on industry relocation, the Economic Information Daily reported Wednesday. At the four pilot areas, authorities will carry out in-depth assessment...
  • Power use surges in manufacturing, website says

    Oct 23, 2013 11:34am
    Power use by China’s manufacturing industry grew 6.4 percent year on year in the nine months to September to 2.82 trillion kilowatt-hours, Chinanews.com reported Tuesday, citing the China Electricity Council. The sector consumed 71.5 percent of the...
  • Zoomlion snared in reporter’s detention saga

    Oct 23, 2013 11:01am
    It was an unusual front page for New Express on Wednesday. The Guangzhou-based daily demanded in bold type the immediate release of one of its reporters held in criminal detention, openly questioning the legality of the...
  • Taiwan lender aims to seal rural ABC deal next year, paper says

    Oct 23, 2013 10:12am
    Taiwan Cooperative Bank Ltd. has sent a team of senior executives to negotiate the purchase of a stake in ABC Xiamen Tongan Rural Bank Ltd., a unit of Agricultural Bank of China Ltd. (ABC) (01288.HK, 601288.CN),...
  • UnionPay ups the ante in internet finance battle

    Oct 23, 2013 9:51am
    Third-party payment behemoth UnionPay has raised the stakes in online wealth management and internet payments, launching its Tian Tian Fu {天天富} product last week through its wholly owned subsidiary, China UnionPay Merchant Services. Tian Tian Fu, which means...
  • Good old flesh and bones better than Foxconn robot army

    Oct 23, 2013 9:41am
    Taiwanese tycoon Terry Gou Tai-ming {郭台銘}, founder and chairman of contract manufacturing behemoth Foxconn Technology (Hon Hai Precision), once fearlessly predicted that robots would replace humans on assembly lines. A couple of years ago, he came...
  • Could China high-speed rail technology compete overseas?

    Oct 23, 2013 9:35am
    No less than Premier Li Keqiang {李克強} has been pitching China’s high-speed railway technology around the world. His last stop was Thailand where China is competing for US$12.8 billion worth of high-speed train systems with established players...
  • Central bank sets RMB midpoint firmer at 6.1330

    Oct 23, 2013 9:31am
    The People’s Bank of China set the renminbi’s daily midpoint against the US dollar at 6.1330 Wednesday, 65 pips stronger than the 6.1395 fixing on Tuesday, according to the China Foreign Exchange Trade System. That is...
  • China Jan-Sept tourists to S Korea top FY2012 level, Yonhap says

    Oct 23, 2013 9:19am
    Chinese visitors to South Korea stood at 3.08 million in the first nine months of this year, up from the 2.07 million recorded in the same period last year and beating the visitor numbers from all...
  • Direct business subsidies in new-energy car scheme, paper says

    Oct 23, 2013 9:18am
    The Ministry of Science and Technology said last week that the State Council has approved the latest subsidy scheme for new-energy vehicles and as many as four ministries are working to release the new policy as...
  • Distributed PV generation capacity target off mark, report says

    Oct 23, 2013 9:14am
    China is unlikely to achieve the installed capacity target for distributed photo-voltaic (PV) power generation this year, Beijing Business Today reported Wednesday, citing Wu Dacheng, an official with the Renewable Energy Society. The installed capacity for...
  • China Wireless selloff overlooks improving fundamentals

    Oct 23, 2013 8:44am
    China Wireless Technologies Ltd. (02369.HK) shares plunged nearly 7 percent on Tuesday on worries that an earnings drop at China Mobile (00941.HK) in the third quarter will encompass the homegrown handset label as well, as sales...
  • Toyota lifts investment in Chengdu venture, Kyodo says

    Oct 23, 2013 8:17am
    Toyota Motor Corp. will invest an additional 5 billion yen (US$50.95 million) in its production venture in Chengdu, Sichuan province, and add about 500 employees, Kyodo news agency reported Tuesday. It is the first investment for...