China National Pension Fund 2008 Loss 39.4 Bln Yuan
The fund booked a fair value loss of 62.7 billion yuan on its securities trading positions in 2008.
Changan Auto Hires Law Firm to Explore Volvo Acquisition
The law firms has been engaged to help study Volvo's current condition, intellectual property, valuations in a potential acquisition and methods of payment.
China to Announce Renewable Energy Blueprint
The new plan is expected to raise existing targets for renewable energy development to a much higher level.
Shanghai Quarantines 68 People for Fear of Swine Flu
A Shanghai municipal government spokesman denied accusations leveled by Mexico's foreign minister that China had unfairly quarantined Mexican citizens even though they had exhibited no symptoms.
Shougang to Start Production at New Mill In May
The new steel mill, located on the small island of Caofeidian in the Bohai Sea, will have initial annual output of 4.85 million tons.
China Eastern Seeking SkyTeam Membership
The Chinese airline is currently in discussions with the alliance and is expected to announce the result in June.
Yuan To Become Regional Currency Before Going Global
After becoming a settlement currency, the next logical step would be for the yuan to become a regional reserve currency.
Hangzhou Deputy Mayor Investigated For Corruption
Xu's investigation is related to a wetland park development project in Hangzhou, which was strongly opposed by local residents.
China Should Speed Up New-Energy Vehicle Development
Only through government support and subsidies can home-grown new-energy vehicles be widely accepted by the market, said a trade official.
Central Bank Cannot Say If Economy Has Hit Bottom
Economic indicators such as revived housing and auto markets suggest the country's economy may be on the verge of recovery. However, fluctuations in raw material prices and a decline in upstream product prices provide contrary indications.
China Pacific Q1 Net Down on Writedowns
The insurer booked a 151 million yuan writedown on a decline in value of equity assets.
China Q1 Economist Confidence Index Rises
Most economists said China's economy will bottom out in 2009, although it may need more time for the recovery to be apparent.
Textile Industry to Focus on Brand-Building, Higher Value-Added
China is aiming to develop around 100 domestic textile brands that can compete in the international market, which account for about 20 percent of the value of total textile exports.
China Q1 Land Prices Fall, House Prices to Remain Stable
China's land prices are expected to keep falling in the first half of this year. But cheaper land will not necessarily lead to falling house prices.
SAFE to Expand Financing to Companies' Overseas Units
Financing could come from parent companies' own foreign exchange deposits or bought from commercial banks.
China Oil Product Inventories Fall In March
Increased gasoline consumption driven by higher vehicle sales partly contributed to the fuel inventory decline in March.
Regulator Denies IPOs to Resume after May Holiday
The official's remarks follow a 3 percent intraday plunge in the Shanghai Composite Index on April 23 on speculation that IPOs, suspended since September, will resume soon.
Bank of China Installing Systems for Yuan Settlement Trials
The yuan settlement scheme is a step forward in making the yuan an international currency.
China March CGPI Index Down 6.6 Percent
The sharp decline in March is expected to show up in negative consumer price index growth numbers in the next few months.
China to Loosen Control on Publishers
The government is set to ease limits on publishers by broadening licensing in the next three to five years.
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