Lenovo to Focus on Emerging Markets, Consumer PCs
Lenovo CEO Yang Yuanqing detailed his firm's strategy focusing on emerging markets and the consumer segment.
Beijing Pre-owned Housing Surge May be Short-Lived
The surging sales of second hand houses may not sustain their surge if second-home buyers and investors do not enter the market.
CSRC Rejects Ningbo QL Electronics IPO Application
Ningbo QL Electronics Co. will return to investors the funds it raised in its initial public offering plus interest after securities regulator banned the company from listing.
Sanyuan Not Bid for Additional Sanlu Assets
Beijing Sanyuan Foods Co. said it will not participate in a second auction of assets belonging to Sanlu Group.
China to Issue 28 Bln Local Govt Bonds in Early April
China will issue a combined 28.4 billion yuan worth of local government bonds in the first half of April.
March PMI Rise Points to Bottoming Out
Rise in China's March PMI signals manufacturing activity is once again expanding and a recovery of the Chinese economy could be underway.
China's IMF Quota Set to Surpass Japan's
China's contribution to the International Monetary Fund will become the second largest when new quotas are implemented.
China to Buy IFC Bonds to Boost Trade Finance
China will support the financing of global trade by buying private bonds of the International Finance Corporation.
China Coal Firms Jan-Feb Profit Up 15 Percent
China's major coal producers posted a 15 percent year-on-year profit growth in the first two months.
China to Launch Second Board for Growth Enterprise
China will launch a stock exchange for smaller companies on May 1 in an effort to promote growth of more innovative industries.
Obama, Hu to Meet for First Time Ahead Of G20
Chinese President Hu Jintao and U.S. President Barack Obama will hold first meeting in London ahead of the G20 Summit.
Steel Tax Rebate Not Enough: Analysts
Government's decision to raise rebates on steel product exports will do little to boost overseas sales, analysts said.
Shenhua Energy 2008 Net Profit Up
China's largest coal producer Shenhua Energy reported 30 percent growth of net profit in 2008.
China, Argentina Inked Currency Swap Agreement
China and Argentina have agreed to set up a currency swap system which enables trade between the two countries to be settled in Yuan.
Chinalco Wins 21 Bln in Financing for Rio Tie-up
Four Chinese banks will provide US$21 billion worth loan for Chinalco to fund its proposed investment in Rio Tinto.
China Coal Energy 2008 Net Profit Up
China's second largest coal producer reported 19 percent growth of net profit in 2008, due to rising coal prices and output.
Huijin to Buy 38% of New China Life Insurance
Central Huijin Investment plans to buy a 38 percent stake in New China Life Insurance.
Nonferrous Foreign Engineering to Buy Terramin Australia
State-owned China Nonferrous Metal Industry's Foreign Engineering and Construction Co. agreed to buy 15.5 million new shares of base metals miner Terramin Australia Ltd.
Yum! Brands' China KFC Partner To Sell 7 Pct Stake
Shanghai Jinjiang International Hotels Development said it plans to sell a 7 percent stake in a KFC restaurant venture it has with Yum! Brands Inc.
Fuel Price Hike Based on 20-Day Int'l Crude Price Variation
China's earlier fuel price hikes were based on the movements in global benchmark crude prices over 20 days, said NDRC.
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