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Stock index tumbles over 4% to lowest level in 14 months
SHANGHAI stocks tumbled more than 4 percent yesterday to the lowest level in 14 months amidst liquidity concerns and sluggish performance of metal producers. The benchmark Shanghai Composite Index slid…
CNPC goes au natural
China National Petroleum Corporation (CNPC) signed a natural gas deal with China Resources (Holdings) Tuesday, a move to enhance its business in the natural gas sector. The deal includes cooperation…
Low-income homebuyers get boost
New regulations reworking a government-backed housing fund were unveiled Tuesday in Shanghai, making it easier for low-income families in the municipality to get mortgages for affordable housing. This is the…
Smart grid norms unveiled
State Grid Corporation of China released standards for the smart grid industry on Tuesday aimed at unifying the fledging industry and maintaining its edge in the booming market. The new…
China Resources to buy HK coffee chain
China Resources Enterprise Ltd, the country’s largest brewer, will buy control of Hong Kong’s second-largest coffee chain, aiming to expand and surpass Starbucks Corp on the mainland. Chevalier Pacific Holdings…
Agony and ecstasy for Chinese steel firms from currency moves
The yuan appreciation is likely to have a negative impact on the steel industry in the short term despite lowering the import costs for iron ore, industry experts said on…
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