Eight executives detained in China pollution case

1 February 2012, 10:37 pm

SHANGHAI: China has detained another company official, bringing the total to eight, over a massive river pollution case in the country's south, the government and state media said Thursday.... Read More »

Let banks keep more profits: China

1 February 2012, 10:18 pm

SHANGHAI: China Central Huijin Investment Co, the state parent of the country's "Big Four" banks, has agreed in principle to cut the lenders' dividend payout ratio this year by 5 percentage points in order to help ease their capital strains, the 21st Century Business Herald reported on Thurs... Read More »

Integrity system to target Net dishonesty in Shanghai

1 February 2012, 9:40 pm

Shanghai (China Daily/ANN) - Internet users in the municipality with a history of online dishonesty may be barred from certain business activities in real life, a senior official from Shanghai said on Wednesday.... Read More »

China manufacturing surveys give mixed signals on direction of economy

31 January 2012, 11:20 pm

SHANGHAI - China's manufacturing sector was boosted by strong holiday season demand for food, beverages and other consumer products in January, though export demand and other indicators remained weak, according to surveys released Wednesday.... Read More »

Multinationals keen to recruit Chinese execs

31 January 2012, 9:40 pm

Shanghai (China Daily/ANN) - Multinational corporations (MNCs) have shown growing enthusiasm in recruiting China-educated business professionals to compensate for the reduction of workforces in developed markets.... Read More »

China's manufacturing rises again in January

31 January 2012, 8:17 pm

SHANGHAI: China's manufacturing activity continued to improve in January, official figures showed Wednesday, despite weaker demand for exports amid global economic turmoil.... Read More »

China car maker SAIC says 2011 profit surged

31 January 2012, 1:46 am

SHANGHAI: China's SAIC Motor, the largest domestic auto maker, said on Tuesday that unaudited net profit rose more than 40 percent last year, despite an overall slowdown in the world's biggest car market.... Read More »

China may let pension funds invest 30% in stocks

30 January 2012, 6:43 pm

SHANGHAI -- China may allow pension funds to invest up to 30% of their assets in the local stock market, the state-run Securities Times reported Tuesday, citing an unnamed person. That could total as much as CNY580 billion.... Read More »

China to make Shanghai global yuan hub by 2015

30 January 2012, 4:15 am

SHANGHAI (Reuters) - China intends to establish Shanghai as the global centre for yuan trading, clearing and pricing over the next three years as part of broader plans to make the commercial hub an international financial centre by 2020. The plan for Shanghai's financial innovations through 2015... Read More »

China to make Shanghai the world's yuan center

29 January 2012, 10:43 pm

BEIJING/SHANGHAI - China will make Shanghai the global center of yuan trading, clearing and pricing by 2015, according to a specific state plan laying out the city's future as an international financial center.... Read More »