CHINA

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Trade gap in November drops on import slump

The nation's trade deficit contracted 28.7 percent in November, the most in 12 years, on a record drop in imports due to weak consumer demand and plummeting oil prices, the US Commerce Department reported Tuesday.
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China's GOME 1Q net profit surges triples

GOME Electrical Appliances Holding Ltd, China's largest electronics retailer by revenue, posted net profit in first quarter nearly three times higher than the year earlier thanks to stronger margins and sales in new stores.
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NetEase.com 1Q Profit falls

Chinese online gaming company NetEase.com, Inc. reported on late Wednesday its first-quarter net earnings declined from the previous year.
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China's stocks soar, led by Sinopec, CNPC

China's stocks jumped Wednesday, led by the country's two oil firms, Sinopec and CNPC, amid speculation that Beijing might be on the verge of raising state-set prices on oil products.
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China's Pou Sheng to raise new HK'S IPO

Pou Sheng International (Holdings), the world's largest sportswear manufacturer, will sell HK$3.09 billion in stocks on Hong Kong exchanges to find limited interest from local investors, market watchers say.
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Chinese stocks plunge

China's stocks dropped the most in the month as increasing concern mount over companies damaged by the earthquake and inflation risks by reconstruction after-quake.
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China Life premium income of $18.3 billion from January to April

China Life Insurance Company Limited (China Life) said Monday that the company's total premium income increased to 128 billion Yuan ($18.3 billion) in the first four months this year. In the same period of 2007 the company's premium revenue of 89.4 billion Yuan.
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Copper Ends Low on Inventories Built

Copper futures ended with losses on Monday as inventories in the London Metal Exchange rose the most in two months easing concerns that demand may outpace supplies.

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