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Profits at China's 138 centrally controlled state-owned enterprises fell 31.5 per cent year on year from January to May, totalling RMB238.91 bn, according to the State-owned Assets Supervision and Administration Commission.
Last update: 04-07-2009
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Statistics for May released by hotel research group STR Global show the deepening gloom enveloping the five-star hotel market in Beijing and Shanghai.
Last update: 04-07-2009
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China is drawing up plans to deal with the "unprecedented challenges and difficulties in attracting foreign direct investment" that may allow foreign companies to be publicly listed in China.
Last update: 04-07-2009
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A new economic zone located in Liaoning province, on China's northeast coast, has been approved by the State Council - and will aim to "rejuvenate the traditional industrial base."
Last update: 04-07-2009
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| Keywords : Liaoning, Industrial, Dalian, Jinzhou, Yingkou, Huludao, Dandong, Manufacturing, Materials, High-tech, Agriculture |
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Qingdao-based white goods manufacturer Haier has reportedly agreed a sponsorship deal with U.S. NBA team the New Jersey Nets, though the deal is not yet officially announced.
Last update: 03-07-2009
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Patching up and recoding depressing trade figures to make them appear less entrenched than they actually are is a timeworn governmental tactic used around the world. And this recession has seen the art of statistical spinning reach new heights (or lows, depending on your opinion). But there did seem to be a distinct element of despondency in a lacklustre headline in today's state media. "China trade figures continue to fall in June, but rate of decline eases," is not the kind of bravado reporting that we have been used to, even during these currently downward sloping economic times.
Last update: 03-07-2009
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Veteran Australian golfer Greg Norman, who has just signed on to help 'revive' the Australian Open tournament, is also in talks to design up to 20 golf courses in China, Sport Business reports.
Last update: 02-07-2009
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