Wenwen Meng

61-90 (out of 556)

China looks to save struggling shipping sector

China's campaign to protect its maritime industry during a severe downturn will become more costly for foreign companies as Beijing grabs a bigger slice of the profits for shipping iron ore, coal and grains to the world's second largest economy.

China yuan helps curb inflation -Zoellick

The yuan's recent gains are helping to tame China's inflation but it is too early to conclude that Beijing has won its battle to cool price pressures, World Bank President Robert Zoellick said on Monday.

China liquor maker jacks up prices by 30 pct

Chinese liquor maker Wuliangye will raise prices for its alcohol by 20-30 percent from Sept 10, the firm said, the latest company to lift retail prices amid stubborn inflation pressures.

Rothschild acquires 5 pct of China CYTS Tours

The asset management arm of Edmond De Rothschild Group, owned by the Rothschild Family, said it had bought more than 5 percent of China CYTS Tours Holdings Co Ltd , worth $54 million at current value, and plans to increase its stake over the next 12 months.

China's moon cake tax too much to stomach

A Chinese tax on moon cakes is not likely to spark an uprising of the sort that earned the Boston Tea Party its place in history, but the move has left a bad taste in the mouth ahead of the Mid-Autumn Festival.

China shares down, HK set for worst month since 2008 crisis

Hong Kong shares are poised to post the worst month since the 2008 financial crisis despite a third session of slim gains on Wednesday on the back of oil counters, but thin overall turnover continued to point to a lack of conviction in the rally.

Itochu to buy 30 pct of China's Shangdong Ruyi

Japanese trading house Itochu Corp said on Wednesday it will acquire 30 percent of Shandong Ruyi Group for roughly 15 billion yen ($200 million) , as it looks to expand in China's clothing sector.

China, Russia rush to rebuild North Korea's transport links

Destitute North Korea's push to breathe new life into economic relationships with its neighbors China and Russia appears to be bearing fruit in its far north of the country where foreigners are busy helping rebuild a crumbling infrastructure.

China state media urge crackdown on microblog rumours

China's state-run news agency demanded on Tuesday that Internet companies, regulators and police do more to cleanse websites of toxic rumours, adding to signs that the ruling Communist Party wants to tame the explosion of freewheeling microblogs.

Japan maestro Ozawa cancels China performances

Seiji Ozawa, Japan's most famous conductor, will not take part in a music festival in China later this week, organizers said, with media reporting that he was in hospital in Tokyo for tests.

China Citic Bank unveils jumbo CNH bond offer

China Citic Bank Corp Ltd plans to sell up to $4.7 billion in offshore yuan-denominated bonds by 2013, indicating that issuers are lining up to sell debt in the territory after the authorities unveiled fresh reforms this month.

China revises up 2015 renewable energy goals

China will raise development targets for renewable energy such as wind power for the five-year period through 2015, state media reported on Tuesday, as the world's top energy user and carbon emitter aims to reduce its reliance on fossil fuels.

CCB shares up after BofA cuts stake; Temasek buy

Hong Kong-listed shares of China Construction Bank Corp rose more than 4 percent on Tuesday after Bank of America Corp said it will sell about half of its 10 percent stake in the Chinese lender, providing relief to investors by removing uncertainty surrounding the stake.

Mengniu H1 net profit up 28 pct, quality in focus

China Mengniu Dairy Co Ltd , the country's top dairy product maker in which China private equity firm Hopu Investment Management owns a stake, on Tuesday posted a 27.6 percent rise in first-half net profit on solid sales growth, pledging to ensure product quality after a series of scandals tainted the industry's reputation.

China caps quasi-municipal bonds, risk controllable

China will steadily increase the issuance of urban construction investment bonds but will limit total local government debts at 100 percent of their revenues, the National Development and Reform Commission said on Monday.