Wenwen Meng

211-240 (out of 556)

China internal security spending jumps past army budget

China's spending on police and domestic surveillance will hit new heights this year, with public security outlays unveiled on Saturday outstripping the defence budget for the first time as Beijing cracks down on protest calls.

China's Wen targets inflation as stability threat

China's Premier Wen Jiabao said on Saturday the nation had to tame inflation that threatened social stability as the government seeks to steer the world's second-biggest economy toward more balanced, greener growth.

China CIC official says hopeful of fresh funding

China Investment Corp, the country's $300 billion sovereign wealth fund, is counting on getting a fresh injection of cash from the government to invest abroad, a senior CIC official told Reuters on Friday.

China coal output could reach 4 bln T by 2015 -Datong Coal

China could be producing as much as 4 billion tonnes of coal by 2015, up from an estimated 3.2 billion last year, the head of one of China's leading coal firms said on Friday.Wu Yongping, the chairman of Datong Coal Mine Group, the country's third biggest producer, said despite China's efforts to reduce its dependence on coal, the dirtiest of fossil fuels, it would continue to play a dominant role in China's energy mix.I can't see coal's position in China's energ...

China puts hard target on energy use -Xinhua

China's plan for the next five years will put a hard target on overall energy use, capping consumption at 4 billion tonnes of coal equivalent (TCE) by 2015, Xinhua news agency quoted the country's former energy chief Zhang Guobao as saying on Friday.

China Plans 45 New Airports As Travel Booms

Even though 130 of China’s current 175 existing airports lost money last year, they will be going ahead with plans over the next five years to add 45 more airports, according to Yahoo! News. The new airports will be expected to meet the rising tourism boom in the country of over 1.3 billion people.

Tianjin Port, c in talks for LNG terminal -report

The operator of northern China's Tianjin Port was in talks with China National Offshore Oil Corp (CNOOC) to build a liquefied natural gas (LNG) receiving terminal at its port, the China Daily reported on Friday.

China to let insurers buy more unsecured debt

China's insurance regulator is considering raising the proportion of assets that insurers may invest in unsecured bonds to 30 percent from the current 20 percent, IFR reported on Thursday, citing sources.

China ex-minister warns of U.S. monetary narcotic

The loose monetary policy in the United States is little better than a narcotic and will harm the rest of the world more than it helps Americans, a former Chinese vice commerce minister told Reuters.

Can Daimler partnership give China’s electric car startup BYD a lift?

If you’ve followed the auto industry for a while you’ll know that automakers are always sharing technology and projects in cross-collaborations that would normally make any paranoid hard-nosed capitalist weep in fear. But the latest firms to receive official blessing for a joint project might not be the strange bedfellows they appear at first.

Clinton says China seeks to outflank Exxon in Papua

China wants to elbow U.S. oil giant Exxon Mobil (XOM.N) out of a $15 billion liquefied natural gas (LNG) project in Papua New Guinea, U.S. Secretary of State Hillary Clinton said on Wednesday in an example of the new competition Beijing presents to U.S. interests.

China's state-owned enterprises urged to reform

China should reform its powerful and lucrative state-owned enterprises and force them to withdraw from profit-making sectors, a private Chinese think tank founded by former government researchers said.

HK stocks seen edging higher, H-shares seen leading

Hong Kong stocks are set to rise slightly on Thursday as investors seek bargains amongst Chinese shares listed locally as mainland markets look poised to continue their outperformance relative to the region.

China cabinet says to cut personal income tax

China has decided to cut income taxes for middle-income residents by raising the threshold for income tax payments, China's cabinet said on Wednesday, but did not give any details on the size of the tax cut.

Huntsman's path to White House starts in China

Jon Huntsman is a savvy operator who knows how to work a crowd. But it was someone in a crowd who worked Huntsman on a bitterly cold Sunday last month when the U.S. envoy to China was seen at a small anti-government protest in Beijing.

Taiwan AIG unit bidders set to face regulators

Shareholders of two of the firms in a consortium buying U.S. insurer AIG's Taiwan unit approved the $2.16 billion bid on Wednesday, setting the scene for what is expected to be a tough battle with regulators.

DE Shaw, Goldman partners launch new China fund

A former partner of D.E. Shaw and an ex-Goldman Sachs (GS.N) partner are setting up a new firm to raise about $500 million for a China-focused private equity fund to join the growing competition for deals in the world's No.2 economy, sources told Reuters on Wednesday.

Sands China Q4 jumps after FY net profit triples

Sands China (1928.HK), the Macau-based casino operator run by billionaire Sheldon Adelson, reported stronger-than-expected fourth-quarter earnings, driven by surging demand in the world's largest gaming market.